Investor Presentaiton

Stabilized NIM from ability to manage deposit cost despite declining in asset yields Utb Cost of Deposit Loan Yield Net Interest Margin (NIM) Loan yield (excluded PPA impact) 5.03% 4.72% 4.64% 5.23% 4.68% 4.88% -4 bps QoQ 1.16% -40 bps YoY 1.22% -43 bps YoY 0.80% 0.76% 0.79% 11 4.60% -8 bps QoQ -36 bps YoY 4.52% 5.08% -52 bps YoY 4.56% 2.88% 3.00% 2.98% -2 bps QoQ +10 bps YoY Flat YoY 3.00% 3.00% III || 2Q20 1Q21 2Q21 1H20 1H21 2Q20 1Q21 2Q21 1H20 1H21 2Q20 1Q21 2Q21 1H20 1H21 Balance sheet optimization resulted in lower interest expense for TTB plus deposit repricing strategy on No-Fixed, Ultra Saving and ME Save, therefore, cost of deposit reduced by -4 bps QoQ and -40 bps YoY. For half year, cost of deposit was 0.79%, down by 43 basis points YoY. • • Loan yield remains under pressure from economic and low rate environment together with quality loan growth strategy to preserve B/S quality. As a result, yield dropped QoQ and YoY. Policy rate cuts from 1.25% to 0.5% throughout 2020 as a result, loan yield compressed to 4.56% in 1H21. • • NIM slightly dropped QoQ with the help on well-managed funding cost. YoY improvement was mainly from shift in loan mix and funding optimization. 1H21 NIM was stable YoY at 3% level. This was fully driven by balance sheet optimization and deposit repricing strategy during low rate environment which help compensate for yield pressure. 22 22

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