National Bank of Greece S.A.

Annual / Quarterly Financial Statement • Mar 4, 2024

Certified Public Accountants: Kostas Stathopoulos (Reg. No. SOEL 42201) Andreas Hadjidamianou (Reg. No. SOEL 61391) Auditing Company: ERNST & YOUNG (HELLAS) Certified Auditors-Accountants S.A. Type of Auditor's Report: Unmodified opinion Date of auditors report issue: 4 March 2024

Website: www.bankofgreece.gr

A S S E T S	31.12.2023	31.12.2022	L I A B I L I T I E S	31.12.2023	31.12.2022
1. Gold and gold receivables	9,118,836,040	8,315,986,789	1. Banknotes in circulation	35,380,149,525	35,771,610,915
2. Claims on non-euro area residents denominated in foreign currency	5,471,970,488	5,173,082,228	2. Liabilities to euro area credit institutions related to monetary policy operations denominated in euro	27,967,319,526	43,694,914,508
Receivables from the International Monetary Fund (IMF)	1,674,596,524	1,728,659,968
Balances with banks and security investments,			2.1 Current accounts (covering the minimum reserve system)	2,456,691,052	2,507,194,960
external loans and other external assets	3,797,373,964	3,444,422,260	2.2 Deposit facility	25,510,628,474	41,187,719,548
			2.3 Fixed-term deposits	0	0
3. Claims on euro area residents denominated in foreign currency	345,822,277	482,908,368	2.4 Fine-tuning reverse operations	0	0
			2.5 Deposits related to margin calls	0	0
General government	0	23,944,221
Other claims	345,822,277	458,964,147	3. Other liabilities to euro area credit institutions
4. Claims on non-euro area residents denominated in euro	24,489	22,784	denominated in euro	0	0
			4. Liabilities to other euro area residents denominated in euro	26,491,373,087	25,057,106,363
Balances with banks, security investments and loans	24,489	22,784
Claims arising from the credit facility under ERM II	0	0	4.1 General government	25,726,540,595	23,800,806,836
			4.2 Other liabilities	764,832,492	1,256,299,527
monetary policy operations denominated in euro	14,339,000,000	35,423,400,000	5. Liabilities to non-euro area residents denominated in euro	2,978,760,941	3,076,522,869
Main refinancing operations	0	0	6. Liabilities to euro area residents denominated in foreign currency	1,702,212,353	1,756,096,807
Longer-term refinancing operations	14,339,000,000	35,423,400,000
Fine-tuning reverse operations	0	0	7. Liabilities to non-euro area residents denominated in foreign currency	2,621	2,715
Structural reverse operations	0	0
Marginal lending facility	0	0	7.1 Deposits and other liabilities	2,621	2,715
Credits related to margin calls	0	0	7.2 Liabilities arising from the credit facility under ERM II	0	0
6. Other claims on euro area credit institutions denominated in euro	1,682,246	1,486,496
			8. Intra-Eurosystem liabilities	114,955,507,920	112,440,835,732
7. Securities of euro area residents denominated in euro	160,551,153,357	160,420,762,541
			8.1 Liabilities related to promissory notes backing
Securities held for monetary policy purposes	143,172,450,175	148,154,939,009	the issuance of ECB debt certificates	0	0
Other securities of euro area residents denominated in euro	17,378,703,182	12,265,823,532	8.2 Net liabilities related to the allocation of euro
			banknotes within the Eurosystem	0	0
8. General government long-term debt denominated in euro	2,941,022,742	3,478,819,849	8.3 Net liabilities arising from balances of TARGET accounts 8.4 Other liabilities within the Eurosystem (net)	114,955,507,920 0	112,440,835,732 0
9. Intra-Eurosystem claims	30,044,111,311	22,287,438,863
			9. Items in course of settlement	5,807,004	13,199,947
Participating interest in the ECB	503,561,541	503,561,541
Claims equivalent to the transfer of foreign			10. Other liabilities	932,035,114	1,392,845,189
reserves to the ECB	997,925,769	997,925,769
Net claims related to the allocation of euro banknotes			10.1 Off-balance-sheet instruments revaluation differences	0	163,611
within the Eurosystem	25,157,169,805	20,073,139,395	10.2 Accruals and income collected in advance	786,014,312	856,846,888
Net claims arising from balances of TARGET accounts	0	0	10.3 Sundry	146,020,802	535,834,690
Other claims within the Eurosystem (net)	3,385,454,196	712,812,158
			11. Provisions	4,468,136,872	4,465,767,289
10. Items in course of settlement	0	0
			12. Revaluation accounts	8,043,834,435	7,336,388,673
11. Other assets	3,656,273,780	2,880,765,658
			13. Capital and reserves	3,544,757,332	3,459,382,569
11.1 Coins of euro area	36,302,711	46,813,436
11.2 Tangible and intangible fixed assets	592,570,979	570,170,655	13.1 Capital	111,243,362	111,243,362
11.3 Other financial assets	125,807,396	115,818,250	13.2 Ordinary reserve	111,243,362	111,243,362
11.4 Off-balance-sheet instruments revaluation differences	813,130	45,202	13.3 Extraordinary reserve	575,889,379	490,531,600
11.5 Accruals and prepaid expenses	2,340,924,708	1,595,246,747	13.4 Special reserve for financial risks	2,744,771,262	2,744,771,262
11.6 Sundry	559,854,856	552,671,368	13.5 Other special reserves	1,609,967	1,592,983
T O T A L A S S E T S	226,469,896,730	238,464,673,576	T O T A L L I A B I L I T I E S	226,469,896,730	238,464,673,576

	A S S E T S	31.12.2023	31.12.2022	L I A B I L I T I E S	31.12.2023	31.12.2022
	1. Gold and gold receivables	9,118,836,040	8,315,986,789	1. Banknotes in circulation	35,380,149,525	35,771,610,915
	2. Claims on non-euro area residents denominated in foreign currency	5,471,970,488	5,173,082,228	2. Liabilities to euro area credit institutions related to
	2.1 Receivables from the International Monetary Fund (IMF)	1,674,596,524	1,728,659,968	monetary policy operations denominated in euro	27,967,319,526	43,694,914,508
	2.2 Balances with banks and security investments,			2.1 Current accounts (covering the minimum reserve system)	2,456,691,052	2,507,194,960
	external loans and other external assets	3,797,373,964	3,444,422,260	2.2 Deposit facility	25,510,628,474	41,187,719,548
				2.3 Fixed-term deposits	0	0
	3. Claims on euro area residents denominated in foreign currency	345,822,277	482,908,368	2.4 Fine-tuning reverse operations	0	0
	3.1 General government	0	23,944,221	2.5 Deposits related to margin calls	0	0
	3.2 Other claims	345,822,277	458,964,147	3. Other liabilities to euro area credit institutions
				denominated in euro	0	0
	4. Claims on non-euro area residents denominated in euro	24,489	22,784
				4. Liabilities to other euro area residents denominated in euro	26,491,373,087	25,057,106,363
	4.1 Balances with banks, security investments and loans 4.2 Claims arising from the credit facility under ERM II	24,489 0	22,784 0	4.1 General government	25,726,540,595	23,800,806,836
				4.2 Other liabilities	764,832,492	1,256,299,527
	5. Lending to euro area credit institutions related to
	monetary policy operations denominated in euro	14,339,000,000	35,423,400,000	5. Liabilities to non-euro area residents denominated in euro	2,978,760,941	3,076,522,869
	5.1 Main refinancing operations 5.2 Longer-term refinancing operations	0 14,339,000,000	0 35,423,400,000	6. Liabilities to euro area residents denominated in foreign currency	1,702,212,353	1,756,096,807
	5.3 Fine-tuning reverse operations	0	0	7. Liabilities to non-euro area residents denominated in foreign currency	2,621	2,715
	5.4 Structural reverse operations	0	0
	5.5 Marginal lending facility	0	0	7.1 Deposits and other liabilities	2,621	2,715
	5.6 Credits related to margin calls	0	0	7.2 Liabilities arising from the credit facility under ERM II	0	0
	6. Other claims on euro area credit institutions denominated in euro	1,682,246	1,486,496
				8. Intra-Eurosystem liabilities	114,955,507,920	112,440,835,732
	7. Securities of euro area residents denominated in euro	160,551,153,357	160,420,762,541
				8.1 Liabilities related to promissory notes backing
	7.1 Securities held for monetary policy purposes	143,172,450,175	148,154,939,009	the issuance of ECB debt certificates	0	0
	7.2 Other securities of euro area residents denominated in euro	17,378,703,182	12,265,823,532	8.2 Net liabilities related to the allocation of euro banknotes within the Eurosystem	0	0
	8. General government long-term debt denominated in euro	2,941,022,742	3,478,819,849	8.3 Net liabilities arising from balances of TARGET accounts	114,955,507,920	112,440,835,732
				8.4 Other liabilities within the Eurosystem (net)	0	0
	9. Intra-Eurosystem claims	30,044,111,311	22,287,438,863
	9.1 Participating interest in the ECB	503,561,541	503,561,541	9. Items in course of settlement	5,807,004	13,199,947
	9.2 Claims equivalent to the transfer of foreign			10. Other liabilities	932,035,114	1,392,845,189
	reserves to the ECB	997,925,769	997,925,769
	9.3 Net claims related to the allocation of euro banknotes			10.1 Off-balance-sheet instruments revaluation differences	0	163,611
	within the Eurosystem	25,157,169,805	20,073,139,395	10.2 Accruals and income collected in advance	786,014,312	856,846,888
	9.4 Net claims arising from balances of TARGET accounts 9.5 Other claims within the Eurosystem (net)	0 3,385,454,196	0 712,812,158	10.3 Sundry	146,020,802	535,834,690
				11. Provisions	4,468,136,872	4,465,767,289
	10. Items in course of settlement	0	0
				12. Revaluation accounts	8,043,834,435	7,336,388,673
	11. Other assets	3,656,273,780	2,880,765,658
	11.1 Coins of euro area	36,302,711	46,813,436	13. Capital and reserves	3,544,757,332	3,459,382,569
	11.2 Tangible and intangible fixed assets	592,570,979	570,170,655	13.1 Capital	111,243,362	111,243,362
	11.3 Other financial assets	125,807,396	115,818,250	13.2 Ordinary reserve	111,243,362	111,243,362
	11.4 Off-balance-sheet instruments revaluation differences	813,130	45,202	13.3 Extraordinary reserve	575,889,379	490,531,600
	11.5 Accruals and prepaid expenses	2,340,924,708	1,595,246,747	13.4 Special reserve for financial risks	2,744,771,262	2,744,771,262
	11.6 Sundry	559,854,856	552,671,368	13.5 Other special reserves	1,609,967	1,592,983
	T O T A L A S S E T S	226,469,896,730	238,464,673,576	T O T A L L I A B I L I T I E S	226,469,896,730	238,464,673,576
	OFF-BALANCE-SHEET ITEMS	31.12.2023	31.12.2022	NOTES: 1. Under Article 54A of the Bank's Statute, the financial statements of the Bank of Greece are drawn up in accordance with the accounting principles and methods applying from time to time to the European System of Central Banks (ESCB),
1. Greek government securities relating to the management of the "Common capital		as established by the European Central Bank (ECB) by Guideline (ΕU) 2016/2249 of 3.11.2016 (ECB/2016/34) and its subsequent amendments. These principles are based on generally accepted accounting principles (GAAP), tailored
	of legal entities in public law and social security funds" according to Law 2469/97	68,985,745,262	62,827,172,348	to best suit the needs and reflect the special status of the national central banks (NCBs) of the Eurosystem. It should also be noted that the Bank's liabilities in respect of post-employment benefits are accounted for in accordance with
	2. Greek government securities and other debt securities relating to the management			Decision (EU) 2016/2247 of the European Central Bank of 3.11.2016 on the annual accounts of the European Central Bank (ECB/2016/35) as amended. Any issues that are not covered by the aforementioned principles and ECB
	and custody of assets of public entities, social security funds and private agents	5,685,354,946	5,886,169,738	guidelines or are governed by non-mandatory provisions are to be treated either in accordance with the ECB recommendations or in accordance with the Bank's Statute and Law 4308/2014 "Greek Accounting Standards, relevant
	3. Assets eligible as collateral for Eurosystem monetary policy operations and intraday credit 4. Other off-balance-sheet items	29,582,079,377 11,349,208,605	50,863,532,362 12,610,228,014	arrangements, and other provisions", to the extent that it does not contravene the provisions of the Statute.
				2. Gold has been valued at the price provided by the ECB as at 29.12.2023: €1,867.828 per fine ounce, compared with €1,706.075 as at 30.12.2022. 3. Claims/liabilities denominated in foreign currency have been converted to euro, using the euro foreign exchange reference rates of the ECB as at 29.12.2023.
	TOTAL OFF-BALANCE-SHEET ITEMS	115,602,388,190	132,187,102,462	4. Debt securities (other than those held-to-maturity, non-marketable securities and securities held for monetary policy purposes) have been valued at the mid-market prices of 29.12.2023. Marketable debt securities classified as

held-to-maturity, non-marketable securities and securities held for monetary policy purposes are valued at amortised cost and are subject to impairment.

1. An impairment test on real estate (land and buildings), carried out on 31 December 2023, led to a partial reversal of past impairment losses of €27.4 million and to an impairment loss of €3.6 million, with a total positive effect of €23.8 million on the results for the year.

2. The Bank's provisions include provisions against financial and operational risks, provisions for staff insurance benefits, as well as special provisions. The latter include a litigation provision against potential liabilities in respect of pending lawsuits initiated by third parties against the Bank.

3. Revaluation accounts include unrealised revaluation gains on gold, foreign currency instruments and securities, as well as the remeasurement results of the net defined benefit obligations of the Bank in respect of post-employment benefits, which reflect actuarial gains/losses.

4. Other off-balance-sheet items include the liability of the Hellenic Republic to the IMF from the SDR allocations, of a total amount of SDR 3.1 billion, equivalent to €3.8 billion as at 31.12.2023 (31.12.2022: €3.9 billion).

5. Certain items of the profit and loss account for the year 2022 have been reclassified to be comparable with the respective items of the year 2023.

PROFIT AND LOSS ACCOUNT FOR THE YEAR 2023

Profit for the year	98,706,982	456,775,424

	2023	2022		(Article 71 of the Statute)
		(in euro)
1. Net interest income	-3,084,475,258	2,290,875
1.1 Interest income	3,257,084,683	1,105,976,743			2023		2022
1.2 Interest expense	-6,341,559,941	-1,103,685,868				(in euro)
			Profit for the year		98,706,982		456,775,424
2. Net result of financial operations and write-downs	66,273,180	22,143,460	Dividend to be distributed for the year 2023 (€ 0.6720 per share for 19,864,886 shares)		-13,349,203		-13,349,203
2.1 Realised gains arising from financial operations	79,122,485	76,385,714	Extraordinary reserve		-85,357,779		-42,700,000
2.2 Write-downs on financial assets and positions	-12,849,305	-54,242,254	Amount to be transferred to the Greek State		0		-400,726,221
					0		0
3. Net income from fees and commissions	138,710,123	130,362,534
3.1 Fees and commissions income	148,477,026	139,799,392
3.2 Fees and commissions expense	-9,766,903	-9,436,858
			* The profit distribution is subject to approval by the General Meeting of Shareholders.
4. Income from equity shares and participating interests	3,996,566	3,993,279
5. Net result of pooling of monetary income	3,377,651,143	706,062,158
6. Other income	41,516,332	20,241,097
Total net income	543,672,086	885,093,403		Athens, 4 March 2024
7. Staff costs and pension benefit expenses	-292,259,236	-272,373,563			FINANCIAL DEPARTMENT
8. Other administrative expenses	-63,321,612	-66,377,217
			THE GOVERNOR	THE DIRECTOR		THE ACCOUNTANT
9. Depreciation of tangible and intangible fixed assets	-11,942,697	-11,158,851
Total expenses before provisions	-367,523,545	-349,909,631

(Article 71 of the Statute) STATEMENT OF PROFIT DISTRIBUTION (*)

B A N K O F G R E E C E E U R O S Y S T E M

Profit before provisions	176,148,541	535,183,772
10. Provisions	-77,441,559	-78,408,348	YANNIS STOURNARAS	YANNIS ASIMAKOPOULOS	THEOCHARIS NTOVAS License No Class A 0137991
NET PROFIT FOR THE YEAR	98,706,982	456,775,424

Ν Ι Ν Ε Τ Y S I X T H Y E A R (in euro)

B A L A N C E S H E E T A S A T 31 D E C E M B E R 2 0 2 3

THIS REPORT HAS BEEN TRANSLATED FROM THE ORIGINAL VERSION IN GREEK

INDEPENDENT AUDITOR'S REPORT

To the Shareholders of the Bank of Greece

Report on the Audit of the Financial Statements

Opinion

We have audited the financial statements of the Bank of Greece (the Bank), which comprise the balance sheet as at 31 December 2023, the profit and loss account and the statement of profit distribution for the year then ended, and notes to the financial statements, including notes to the financial statements, including material accounting policy information.

In our opinion, the financial statements present fairly, in all material respects, the financial position of the Bank as at 31 December 2023 and its financial performance for the year then ended in accordance with the accounting principles and methods established by the European Central Bank (ECB), under the "Guideline (EU) 2016/2249 of 3.11.2016 (ECB/2016/34)" as amended and currently in force, as adopted by the Bank in Article 54A of its Statute. For matters that may not be covered by the aforementioned ECB rules or whose application is not mandatory but recommended, either the ECB recommendations or the provisions of the Bank's Statute in conjunction with Law 4308/2014 "Greek Accounting Standards, relevant arrangements and other provisions" shall be followed, as appropriate, to the extent that they do not contradict with the provisions of the Statute.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (ISAs) as these have been incorporated into Greek legislation. Our responsibilities under those standards are further described in the "Auditor's Responsibilities for the Audit of the Financial Statements" section of our report. We have been independent of the Bank during the whole period of our appointment in accordance with the International Ethics Standards Board for Accountants' Code of Ethics for Professional Accountants (IESBA Code) as incorporated into Greek legislation and the ethical requirements in Greece relevant to the audit of the financial statements and we have fulfilled our ethical requirements in accordance with the applicable legislation and the above-mentioned Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matter

A key audit matter is this matter that, in our professional judgement, was of most significance in our audit of the financial statements of the current period. Thismatter and the relevant risks of material misstatement was addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on this matter.

In this context, we describe below how our audit addressed the issue below.

We have fulfilled the responsibilities described in the "Auditor's Responsibilities for the Audit of the Financial Statements" section of our report, including those related to the key audit matter. Accordingly, our audit included performing procedures designed to address the risks of material misstatement of the financial statements. The results of our auditing procedures, including the procedures performed on the matter below, provide a basis for our opinion on the financial statements.

Key audit matter	How our audit addressed the key audit matter
Provision against financial risks
The Bank recognises, measures and monitors the financial risks	Based on the audit risk assessment and following a risk-based
arising from its assets such as euro-denominated securities issued	approach ,we assessed the financial risks measurement process.
by euro area residents and euro-denominated loans to euro area	Our audit procedures include, among others, the following:
credit institutions not related to monetary policy operations.
In addition, financial risks include risks arising from the exercise of the monetary policy of the Eurosystem which are measured by the European Central Bank.	1. Understanding of the process of the financial risks and methodology used by the Bank to recognise, measure and monitor the accounting estimates of provisions and verify the approvals of the amount of the provision by the relevant level of authority within the Bank of Greece.
Following a decision of the Bank's Risk Management Committee, which took into account the measurement of financial risks based on the VaR (Value at Risk) method, a provision for financial risks has been established, which amounted to EUR 1,622 million as at 31 December 2023.	2. Assessment of the design and implementation of the internal controls related to the measurement of financial risks (credit risk and market risk).
The measurement process for financial risks (including credit risk and market risk) is complex, involves estimates and methodological assumptions and has a significant impact on the Bank's results. We therefore considered it to be a key audit matter.	3. With the participation of EY specialists, we reviewed the methodology and the relevant assumptions used by the Bank for the measurement of provisions and performed independent recalculations on a sample basis.
The Bank's management has provided information on the provision against financial risks in the section IV. Note 11 "Provisions",	4. Examination of the accuracy and completeness of the Bank's assets used to measure the provisions.
paragraph "c. Provisions against Financial and Operational Risks" of the financial statements.	5. Assessment of the completeness and the accuracy of the disclosures in the financial statements related to this key audit matter.

Other information

Management is responsible for the other information. The other information is included in the General Council's Report, referred to in the "Report on Other Legal and Regulatory Requirements", but does not include the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and we will not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated.

If, based on the work we have performed on the other information that we obtained prior to the date of this auditor's report, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Responsibilities of the Management and Those Charged with Governance for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with the accounting principles and methods established by the European Central Bank (ECB), under the "Guideline (EU) 2016/2249 of 3.11.2016 (ECB/2016/34)" as amended and currently in force, as adopted by the Bank in Article 54A of its Statute.

For matters that may not be covered by the aforementioned ECB rules or whose application is not mandatory but recommended, either the ECB recommendations or the provisions of the Bank's Statute in conjunction with Law 4308/2014 "Greek Accounting Standards, relevant arrangements, and other provisions" shall be followed, as appropriate, to the extent that they do not contradict with the provisions of the Statute, where these have been implemented by the Bank, and for such internal controls as Management determines are necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, Management is responsible for assessing the Bank's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting.

The Audit Committee (article 44 of Law 4449/2017) of the Bank is responsible for overseeing the Bank's financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements, as a whole, are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but it is not a guarantee that an audit conducted in accordance with ISAs, as these have been incorporated into Greek legislation, will always detect a material misstatement, when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users made on the basis of these financial statements.

As part of an audit in accordance with ISAs, as these have been incorporated into Greek legislation, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• Identify and assess risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit, in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Bank's internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.
• Conclude on the appropriateness of Management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Bank's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion.

Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Bank to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements present fairly the underlying transactions and events.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and we communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those of most significance in the audit of the financial statements for the current period and are, therefore, the key audit matters.

Report on Other Legal and Regulatory Requirements

1. General Council's Report

Taking into consideration that Management is responsible for the preparation of the General Council's Report for the financial year 2023, which also includes the Corporate Governance Statement, according to the provisions of paragraph 5 of article 2 of Law 4336/2015 (part B), we note the following:

• a) The General Council's Report includes the Corporate Governance Statement, which provides the information required by article 152 of Law 4548/2018.
• b) In our opinion, the General Council's Report for the financial year 2023 has been prepared in accordance with the Bank's Statute and the applicable legal requirements of articles 150-151 and paragraph 1 (subparagraphs c' and d') of article 152 of Law 4548/2018 and its content is consistent with the financial statements for the year ended 31 December 2023.
• c) Based on the knowledge we obtained during our audit of the Bank of Greece and its environment, we have not identified any material inconsistencies in the General Council's Report.

2. Additional Report to the Audit Committee

Our audit opinion on the financial statements is consistent with the additional report to the Bank's Audit Committee referred to in Article 11 of European Union (EU) Regulation 537/2014.

3. Non-audit Services

We have not provided to the Bank any prohibited non-audit services referred to in Article 5 of European Union (EU) Regulation 537/2014.

The allowable non-audit services provided to the Bank, during the year ended 31 December 2023 are disclosed in Note 5 in Section VI. "Additional Information" of the financial statements.

4. Appointment

We were appointed statutory auditors for the first time by the General Assembly of the Bank of Greece on 07 April 2022. Since then, our appointment has been renewed for the fiscal year 2023 by the General Assembly of the Bank of Greece held on 07/04/2023.

04 March 2024

The Certified Auditor Accountant Kostas Stathopoulos SOEL R.N. 42201 Ernst & Young (Hellas) Certified Auditors Accountants S.A. 8B Chimarras St., Maroussi 151 25, Greece Company SOEL R.N. 107

The Certified Auditor Accountant

Andreas Hadjidamianou

SOEL R.N. 61391

Ernst & Young (Hellas) Certified Auditors Accountants S.A.

8B Chimarras St., Maroussi

151 25, Greece

Company SOEL R.N. 107

The present constitutes an informal translation in English of the original Report prepared by ERNST & YOUNG (HELLAS) Certified Auditors-Accountants SA ("EY") in Greek language.

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