ICO Green and Social Bonds

Instituto de Crédito Oficial Financial highlights (I) 2018 2019 2020 2021 31/12/2022* Total assets (Mill. EUR) 36,237 31,823 34,386 37,766 29,775 Equity & reserves¹ (Mill. EUR) 5,246 5,257 5,202 5,354 5,515 Pre-tax profit (Mill. EUR) 112.91 149.25 97.55 171.70 178.11 Net interest income (Mill. EUR) -96.54 -28.06 -10.63 104.55 125.73 Gross revenue (Mill EUR) 55.23 90.53 88.22 181.86 204.58 Profitability ROA 0.28% 0.44% 0.29% 0.49% 0.53% Tier I Ratio 40.54% 41.11% 37.21% 35.36% 33.62% Non-Performing Loans Direct Loans 6.31% 4.72% 4.16% 3.81% 3.67% Total loans incl. second floor loans 3.19% 2.43% 2.33% 2.33% 2.31% Provision coverage ratio 154% 168% 145% 157% 171% Efficiency Ordinary Expenditure/ATA 0.10% 0.12% 0.12% 0.13% 0.14% Source: ICO * Unaudited figures (1) Eligible capital for solvency purposes. According to the forty-ninth Additional Provision of Act 42/2006 on the General-Government Budget Act, Tier | Ratio may in no case fall below 9.50%. ICO's own funds are of the highest quality (only equity and reserves). ICO has not issued neither subordinated debt, preferred stocks, contingent convertibles nor any other hybrid instruments. 15

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