National Bank of Greece S.A.

Annual / Quarterly Financial Statement • Mar 1, 2022

Certified Public Accountants: Despina Xenaki (Reg. No. SOEL 14161) Michalis Karavas (Reg. No. SOEL 13371) Auditing Company: Deloitte Certified Public Accountants S.A. Website: www.bankofgreece.gr

Type of Auditor's Report: Unmodified opinion Date of auditors report issue: 1 March 2022

A S S E T S	31.12.2021	31.12.2020	L I A B I L I T I E S	31.12.2021	31.12.2020
1. Gold and gold receivables	7,828,166,312	7,493,521,336	1. Banknotes in circulation	35,142,503,430	32,642,320,560
2. Claims on non-euro area residents denominated in foreign currency	6,868,711,471	4,035,177,082	2. Liabilities to euro area credit institutions related to
			monetary policy operations denominated in euro	49,119,566,410	27,330,906,652
Receivables from the International Monetary Fund (IMF)	3,597,379,314	689,373,556
Balances with banks and security investments,			2.1 Current accounts (covering the minimum reserve system)	49,119,566,410	27,330,906,652
external loans and other external assets	3,271,332,157	3,345,803,526	2.2 Deposit facility	0	0
3. Claims on euro area residents denominated in foreign currency	425,143,903	580,033,591	2.3 Fixed-term deposits 2.4 Fine-tuning reverse operations	0 0	0 0
			2.5 Deposits related to margin calls	0	0
General government	22,735,845	21,934,646
Other claims	402,408,058	558,098,945	3. Other liabilities to euro area credit institutions
			denominated in euro	8,992,726	0
4. Claims on non-euro area residents denominated in euro	22,856	23,013
			4. Liabilities to other euro area residents denominated in euro	27,235,028,591	25,046,298,161
Balances with banks, security investments and loans	22,856	23,013
Claims arising from the credit facility under ERM II	0	0	4.1 General government	26,139,126,808	24,077,736,328
			4.2 Other liabilities	1,095,901,783	968,561,833
monetary policy operations denominated in euro	50,843,400,000	41,238,000,000	5. Liabilities to non-euro area residents denominated in euro	2,452,690,164	2,367,956,944
Main refinancing operations	0	0	6. Liabilities to euro area residents denominated in foreign currency	3,626,240,543	699,698,974
Longer-term refinancing operations	50,843,400,000	41,238,000,000
Fine-tuning reverse operations	0	0	7. Liabilities to non-euro area residents denominated in foreign currency	2,557	2,360
Structural reverse operations	0	0
Marginal lending facility	0	0	7.1 Deposits and other liabilities	2,557	2,360
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	1,936,171	1,918,439	8. Counterpart of special drawing rights allocated by the IMF	0	0
7. Securities of euro area residents denominated in euro	147,957,532,914	110,437,634,563	9. Intra-Eurosystem liabilities	104,172,293,204	80,312,080,267
Securities held for monetary policy purposes	137,826,696,663	99,229,628,663	9.1 Liabilities related to promissory notes backing
Other securities of euro area residents denominated in euro	10,130,836,251	11,208,005,900	the issuance of ECB debt certificates	0	0
			9.2 Net liabilities related to the allocation of euro
8. General government long-term debt denominated in euro	3,922,306,370	4,294,887,693	banknotes within the Eurosystem	0	0
			9.3 Net liabilities arising from balances of TARGET2 accounts	104,172,293,204	80,312,080,267
9. Intra-Eurosystem claims	17,131,009,436	12,590,751,169	9.4 Other liabilities within the Eurosystem (net)	0	0
Participating interest in the ECB	488,470,721	473,379,901	10. Items in course of settlement	869,572	689,800
Claims equivalent to the transfer of foreign
reserves to the ECB	997,925,769	997,925,769	11. Other liabilities	1,303,171,891	982,982,058
Net claims related to the allocation of euro banknotes
within the Eurosystem	15,389,256,095	10,976,875,790	11.1 Off-balance-sheet instruments revaluation differences	0	428,120
Net claims arising from balances of TARGET2 accounts	0	0	11.2 Accruals and income collected in advance	633,120,410	243,726,738
Other claims within the Eurosystem (net)	255,356,851	142,569,709	11.3 Sundry	670,051,481	738,827,200
10. Items in course of settlement	0	0	12. Provisions	4,838,094,545	7,525,566,262
11. Other assets	2,648,570,653	2,529,051,574	13. Revaluation accounts	6,310,667,444	5,633,919,175
11.1 Coins of euro area	53,453,963	73,960,407	14. Capital and reserves	3,416,679,009	658,577,247
11.2 Tangible and intangible fixed assets	577,335,736	573,746,007
11.3 Other financial assets	111,672,679	108,556,326	14.1 Capital	111,243,362	111,243,362
11.4 Off-balance-sheet instruments revaluation differences	21,820	65,460	14.2 Ordinary reserve	111,243,362	111,243,362
11.5 Accruals and prepaid expenses	1,339,054,674	1,192,968,210	14.3 Extraordinary reserve	447,831,600	434,500,000
11.6 Sundry	567,031,781	579,755,164	14.4 Special reserve for financial risks	2,744,771,262	0
			14.5 Other special reserves	1,589,423	1,590,523
T O T A L A S S E T S	237,626,800,086	183,200,998,460	T O T A L L I A B I L I T I E S	237,626,800,086	183,200,998,460

A S S E T S		31.12.2021	31.12.2020	L I A B I L I T I E S 31.12.2021	31.12.2020
	1. Gold and gold receivables	7,828,166,312	7,493,521,336	1. Banknotes in circulation 35,142,503,430	32,642,320,560
	2. Claims on non-euro area residents denominated in foreign currency	6,868,711,471	4,035,177,082	2. Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 49,119,566,410	27,330,906,652
	2.1 Receivables from the International Monetary Fund (IMF)	3,597,379,314	689,373,556
	2.2 Balances with banks and security investments,			2.1 Current accounts (covering the minimum reserve system) 49,119,566,410	27,330,906,652
	external loans and other external assets	3,271,332,157	3,345,803,526	2.2 Deposit facility 0 2.3 Fixed-term deposits 0	0 0
	3. Claims on euro area residents denominated in foreign currency	425,143,903	580,033,591	2.4 Fine-tuning reverse operations 0	0
				2.5 Deposits related to margin calls 0	0
	3.1 General government 3.2 Other claims	22,735,845 402,408,058	21,934,646 558,098,945	3. Other liabilities to euro area credit institutions
				denominated in euro 8,992,726	0
	4. Claims on non-euro area residents denominated in euro	22,856	23,013
	4.1 Balances with banks, security investments and loans	22,856	23,013	4. Liabilities to other euro area residents denominated in euro 27,235,028,591	25,046,298,161
	4.2 Claims arising from the credit facility under ERM II	0	0	4.1 General government 26,139,126,808	24,077,736,328
				4.2 Other liabilities 1,095,901,783	968,561,833
	5. Lending to euro area credit institutions related to
	monetary policy operations denominated in euro	50,843,400,000	41,238,000,000	5. Liabilities to non-euro area residents denominated in euro 2,452,690,164	2,367,956,944
	5.1 Main refinancing operations	0	0	6. Liabilities to euro area residents denominated in foreign currency 3,626,240,543	699,698,974
	5.2 Longer-term refinancing operations	50,843,400,000	41,238,000,000
	5.3 Fine-tuning reverse operations	0	0	7. Liabilities to non-euro area residents denominated in foreign currency 2,557	2,360
	5.4 Structural reverse operations 5.5 Marginal lending facility	0 0	0 0	7.1 Deposits and other liabilities 2,557	2,360
	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	1,936,171	1,918,439	8. Counterpart of special drawing rights allocated by the IMF 0	0
	7. Securities of euro area residents denominated in euro	147,957,532,914	110,437,634,563	9. Intra-Eurosystem liabilities 104,172,293,204	80,312,080,267
	7.1 Securities held for monetary policy purposes	137,826,696,663	99,229,628,663	9.1 Liabilities related to promissory notes backing
	7.2 Other securities of euro area residents denominated in euro	10,130,836,251	11,208,005,900	the issuance of ECB debt certificates 0 9.2 Net liabilities related to the allocation of euro	0
	8. General government long-term debt denominated in euro	3,922,306,370	4,294,887,693	banknotes within the Eurosystem 0	0
				9.3 Net liabilities arising from balances of TARGET2 accounts 104,172,293,204	80,312,080,267
	9. Intra-Eurosystem claims	17,131,009,436	12,590,751,169	9.4 Other liabilities within the Eurosystem (net) 0	0
	9.1 Participating interest in the ECB	488,470,721	473,379,901	10. Items in course of settlement 869,572	689,800
	9.2 Claims equivalent to the transfer of foreign
	reserves to the ECB	997,925,769	997,925,769	11. Other liabilities 1,303,171,891	982,982,058
	9.3 Net claims related to the allocation of euro banknotes within the Eurosystem	15,389,256,095	10,976,875,790	11.1 Off-balance-sheet instruments revaluation differences 0	428,120
	9.4 Net claims arising from balances of TARGET2 accounts	0	0	11.2 Accruals and income collected in advance 633,120,410	243,726,738
	9.5 Other claims within the Eurosystem (net)	255,356,851	142,569,709	11.3 Sundry 670,051,481	738,827,200
	10. Items in course of settlement	0	0	12. Provisions 4,838,094,545	7,525,566,262
	11. Other assets	2,648,570,653	2,529,051,574	13. Revaluation accounts 6,310,667,444	5,633,919,175
	11.1 Coins of euro area	53,453,963	73,960,407	14. Capital and reserves 3,416,679,009	658,577,247
	11.2 Tangible and intangible fixed assets 11.3 Other financial assets	577,335,736 111,672,679	573,746,007 108,556,326	14.1 Capital 111,243,362	111,243,362
	11.4 Off-balance-sheet instruments revaluation differences	21,820	65,460	14.2 Ordinary reserve 111,243,362	111,243,362
	11.5 Accruals and prepaid expenses	1,339,054,674	1,192,968,210	14.3 Extraordinary reserve 447,831,600	434,500,000
	11.6 Sundry	567,031,781	579,755,164	14.4 Special reserve for financial risks 2,744,771,262	0
				14.5 Other special reserves 1,589,423	1,590,523
	T O T A L A S S E T S	237,626,800,086	183,200,998,460	T O T A L L I A B I L I T I E S 237,626,800,086	183,200,998,460
	OFF-BALANCE-SHEET ITEMS	31.12.2021	31.12.2020	NOTES:
	1. Greek government securities relating to the management of the "Common capital			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),
	of legal entities in public law and social security funds" according to Law 2469/97 2. Greek government securities and other debt securities relating to the management	53,003,474,348	50,739,259,348	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 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
	and custody of assets of public entities, social security funds and private agents	5,059,466,870	5,272,951,108	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
	3. Assets eligible as collateral for Eurosystem monetary policy operations and intraday credit	60,727,960,751	53,819,967,077	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, Law 4548/2018 "Reform of the law on sociétés anonymes" and
	4. Other off-balance-sheet items	12,339,508,154	12,099,808,763	Law 4308/2014 "Greek Accounting Standards, relevant arrangements, and other provisions", to the extent that they do not contravene the provisions of the Statute.
	TOTAL OFF-BALANCE-SHEET ITEMS	131,130,410,123	121,931,986,296	2. Gold has been valued at the price provided by the ECB as at 31.12.2021: €1,609.483 per fine ounce, compared with €1,543.884 as at 31.12.2020. 3. Claims/liabilities denominated in foreign currency have been converted to euro, using the euro foreign exchange reference rates of the ECB as at 31.12.2021.
				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 31.12.2021. 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. 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.

2. 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. 7. 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 31.12.2021, as well as the promissory note issued

by the Hellenic Republic in favour of the IMF, for the outstanding part of the loans received. As at 31.12.2021, the value of the promissory note was SDR 1.5 billion, equivalent to €1.9 billion. 8. Certain items of the profit and loss account for the year 2020 have been reclassified to be comparable with the respective items of the year 2021.

Profit for the year	3,270,530,651	661,670,428
Extraordinary reserve	-13,331,600	-300,000,000
Amount to be transferred to the Government	-499,078,586	-633,212,014

PROFIT AND LOSS ACCOUNT FOR THE YEAR 2021		STATEMENT OF PROFIT DISTRIBUTION (*)
	2021	2020	(Article 71 of the Statute)
		(in euro)
1. Net interest income	435,917,185	515,718,831
1.1 Interest income	883,886,131	756,405,687		2021	2020
1.2 Interest expense	-447,968,946	-240,686,856			(in euro)
			Profit for the year	3,270,530,651	661,670,428
2. Net result of financial operations, write-downs			Transfer of special reserve from the revaluation of land and buildings	-	284,890,789
and risk provisions	172,464,662	14,487,271	Profit for distribution	3,270,530,651	946,561,217
2.1 Realised gains arising from financial operations	172,464,662	14,487,271
2.2 Write-downs on financial assets and positions	-7,228,738	-104,648,600	Dividend to be distributed for the year 2021 (€ 0.6720 per share for 19,864,886 shares)	-13,349,203	-13,349,203
2.3 Transfer from provisions for financial risks	7,228,738	104,648,600	Special reserve for financial risks	-2,744,771,262	-
			Extraordinary reserve	-13,331,600	-300,000,000
			Amount to be transferred to the Government	-499,078,586	-633,212,014
3. Net income from fees and commissions	128,231,144	117,417,899		0	0
3.1 Fees and commissions income	135,802,303	122,069,190
3.2 Fees and commissions expense	-7,571,159	-4,651,291
4. Income from equity shares and participating interests	10,837,011	48,510,309	* The profit distribution is subject to approval by the General Meeting of Shareholders.
5. Net result of pooling of monetary income	247,506,533	113,980,539

6. Other income 16,083,919 33,226,611 Total net income 1,011,040,454 843,341,460

7. Staff costs and pension benefit expenses	-290,461,647	-381,521,985	THE GOVERNOR	THE DIRECTOR OF THE FINANCIAL DEPARTMENT
8. Other administrative expenses	-62,270,972	-60,175,632
9. Depreciation of tangible and intangible fixed assets	-8,670,784	-10,585,228
Total expenses before provisions	-361,403,403	-452,282,845
Profit before provisions	649,637,051	391,058,615	YANNIS STOURNARAS	MARIA PAGONI
10. Provisions	2,620,893,600	270,611,813
NET PROFIT FOR THE YEAR	3,270,530,651	661,670,428

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

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

Ν Ι Ν Ε Τ Y F O U R 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 1

Athens, 1 March 2022

Deloitte Certified Public Accountants S.A. 3a Fragkokklisias & Granikou str. Marousi Athens GR 151-25 Greece

Tel: +30 210 6781 100 Fax: +30 210 6776 221-2 www.deloitte.gr

TRUE TRANSLATION FROM THE ORIGINAL IN GREEK

Independent Auditors' Report

To the Shareholders of the BANK OF GREECE

Report on the Audit of the Financial Statements

Opinion

We have audited the accompanying financial statements of the Bank of Greece (the Bank), which comprise the balance sheet as at 31 December 2021, the profit and loss account and the statement of profit distribution for the year then ended, and notes to the financial statements, including a summary of significant accounting policies and other explanatory notes.

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Bank as at 31 December 2021 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, and for any issues that are not covered by the aforementioned ECB rules and guidelines, in accordance with Law 4548/2018 "Sociétés anonymes Law reform" and Law 4308/2014 "Greek Accounting Standards, relevant arrangements, and other provisions", where these have been implemented by the Bank.

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 Matters

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements of the current period. These matters and the relevant risks of material misstatement were 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 these matters.

Key audit matters	How our audit addressed the key audit matters
Provision against financial risks
The Bank measures the financial risks arising from its assets such as its own investment portfoliosand the loans outside the monetary policy framework. 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.	Based on the audit risk assessment, and following a risk-based approach, we assessed the financial risks measurement process. Our audit procedures include, among others, the following: • Understanding of the measurement process of the financial risks • Assessment of the design and implementation of the
The measurement process has resulted in a provision against financial risks of € 1,487	internal controls related to the measurement of financial risks.
million as at 31 December 2021, compared to € 4,109 million as at 31 December 2020. The measurement process, with regards to the financial risks measured by the Bank including	• Assessment of the appropriateness of the methodology used for the measurement
credit and market risk, is complex and has a significant impact on the Bank's Income Statement, therefore, we considered that it is a key audit matter.	• Examination of the completeness of the data of the assets used for the financial risks measured by the Bank and on a sample basis their accuracy.
	• Assessment of the accuracy of the disclosures related to this key audit matter.

The Bank's management has provided information on the provision against financial risks on Note IV.12 "Provisions", paragraph "c. Provisions against Financial and Operational Risks" of the financial statements.

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", which we obtained prior to the date of this auditor's report and in the Report on the Greek Economy (Part A of the Governor's Report for the financial year 2021), but does not include the financial statements and our auditor's report thereon. The Governor's Report is expected to be made available to us after the date of this auditors' report.

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.

If, upon our reading the Governor's Report, we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with the governance of the Bank.

Responsibilities of 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, and for any issues that are not covered by the aforementioned ECB rules and guidelines, in accordance with Law 4548/2018 "Sociétés anonymes Law reform" and Law 4308/2014 "Greek Accounting Standards, relevant arrangements, and other provisions", 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.

Auditor's responsibilities for the audit of the financial statements - Continued

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 2021, 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 2021 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 accompanying financial statements for the year ended 31 December 2021.
• 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 accompanying 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 2021 are disclosed in Note "VI.5 Additional Information" of the accompanying financial statements.

4. Appointment

We were appointed statutory auditors for the first time by the General Assembly of the Bank of Greece on 24 February 2017. Our appointment has been, since then, uninterruptedly renewed for four consecutive years based on the decisions reached by shareholder's Annual General Assembly.

1 March 2022

The Certified Public Accountant The Certified Public Accountant

Despina Xenaki Michalis Karavas

Reg. No. SOEL: 14161 Reg. No. SOEL: 13371 Deloitte Certified Public Accountants S.A. Deloitte Certified Public Accountants S.A. 3a Fragkoklissias & Granikou str. 3a Fragkoklissias & Granikou str. 151 25 Maroussi 151 25 Maroussi Reg. No. SOEL: Ε 120 Reg. No. SOEL: Ε 120

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