1H22 Financial Performance

Continuous improvement of underlying performance, further confirming the sustainability of its trajectory Theme 1: 1H 2022 Results NII (Emn) and NIM (%) evolution Cost of Risk (annualised; %) Normalized COR 1.65% 1.61% 1.60% Assets 1.49% 1.51% NIM 0.68% 1.46% 1.43% 1.42% 0.61% 0.60% 1.31% 1.30% NPL ratio and Coverage (%) Covid-related CoR NPL entries; % of performing loans 78% 82% 71% 71% 73% 7.3% 7.3% 5.7% 0.23% 5.7% 5.4% Liabilities 0.17% 0.17% 0.17% 0.18% 0.20% 0.15% 0.40% 0.40% 0.31% 0.23% 2021: 1.5% 0.5% 0.15% 1H21 9M21 2021 1Q22 1H22 1H21 9M21 2021 1Q22 1H22 2Q21 3Q21 4Q21 1Q22 2Q22 Commercial Bl per avg. Employee (€ k; #) Underlying Profitability (Єmn; pre-tax) Commercial 216.3 213.2 217.9 BI 202.3 210.1 Employees 4 470 ROTE (cumulative annualised; 12% RWA) 4 362 4 193 4 182 4 167 Fees 72.8 72.3 74.6 68.8 75.6 NII 143.5 140.9 143.2 133.5 134.5 2Q21 3Q21 4Q21 1Q22 2Q22 novobanco € million 11.0% 10.2% 47.9 48.3 50.9 48.3 50.3 8.7% 8.8% 8.2% 85.1 76.5 75.1 68.6 59.7 2Q21 3Q21 4Q21 1Q22 2Q22 2Q21 3Q21 4Q21 1Q22 2Q22 13

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