Patria Bank S.A.

Quarterly Report • May 15, 2025

Q1 2025 Report ¹

PATRIA BANK S.A.

Registered office: Globalworth Plaza, 42 Pipera Road, 8th and 10th floors, Bucharest 020309, Romania

Fiscal code: RO 11447021 | J2016009252405

Share capital: 327,881,437.60 RON

+40 800 410 310 capital@patriabank.ro www.patriabank.ro

Q1 2025 Report ²

Table of contents

Q1'25 Key performance indicators4
Q1'25 Key financial indicators5
Q1'25 Macroeconomic context 6
Q1'25 Executive Summary 8
Q1'25 Financial results 10
Q1'25 Commercial activity 16
About Patria Bank21
Subsidiaries' activity22
Activity on the Bucharest Stock Exchange24
Annexes26
Statement 27

This Report meets the publication requirements set forth by Law no. 24/2017 on issuers of financial instruments and market operations, the Regulation of the Financial Supervisory Authority (ASF) no. 5/2018 on issuers of financial instruments and market operations, and the Bucharest Stock Exchange Code.

The standalone interim financial statements presented on the following pages have been prepared in accordance with the International Financial Reporting Standards applicable to interim reporting, as adopted by the European Union ("IFRS"). The condensed standalone interim financial statements as of March 31, 2025 are unaudited.

The financial figures presented in the descriptive section of the report, expressed in RON million, have been rounded to the nearest whole number. This may result in minor rounding differences.

Q1'25 Key performance indicators

Q1 2025 Report ⁴

Q1'25 Key financial indicators

Q1 2025 Report ⁵

Q1'25 Macroeconomic context

GDP growth

Economic growth slowed in 2024 to 0.8% vs. 3.6% average for the period 2015-2023. The latest forecasts for 2025 are between 1.3-1.6%, down from previous months.

The inflation rate fell in March to 4.86%.

The budget deficit reached 9.3%. The level of public debt is still low but has been increasing sharply in recent years.

Public budget deficit

After the first three months of 2025, Romania's budget deficit reached RON 44 billion, equivalent to 2.3% of GDP. By comparison, in the first quarter of 2024 the deficit was 2.1%, and at the end of last year it stood at 8.6% of GDP. Given these developments, reaching the budget deficit target of 7% of GDP set for 2025 seems impossible without implementing additional fiscal consolidation measures.

In the first three months of 2025, total revenues amounted to RON 141.32 billion, registering an annual increase of 6.9%, mainly driven by the increase in receipts from insurance contributions, payroll and income taxes, corporate income taxes, excise duties and non-tax revenues. On the other hand, there were decreases in net VAT receipts due to higher refunds and a high base effect, as well as in attracting European funds.

The general consolidated budget expenditures amounted to RON 184.98 billion, representing a nominal increase of 10.1% compared to the same period of the previous year. Reported to GDP, expenditures increased slightly, from 9.55% in the first quarter of 2024 to 9.67% in 2025, an increase of 0.12 percentage points.

Q1 2025 Report ⁷

Q1'25 Executive Summary

Key figures

	Bank	Q1 2025	Q1 2024	Variation
Financial results	Net banking income (thousand RON)	56,764	50,307	13%
	Operational expenses (RON thousand)	(41,661)	(40,924)	2%
	Turnover tax (2%)	(1,204)	(1,808)	-33,4%
	Net cost of risk (RON thousand)	(3,268)	(1,134)	188%
	Net result (RON thousand)	10,056	8,135	24%
	Cost/income ratio	73.4%	81.3%	-7.9 p.p.
	Cost/income ratio (w/o turnover tax of 2%)	71.3%	77.8%	-6.5 p.p.
	ROE	9.3%	8.1%	1.2 p.p.
		31-Mar-25	31-Dec-24	Variation
	Total net loans (thousand RON)	2,521,533	2,365,429	7%
Loans and deposits	Total deposits (thousand RON)	3,665,734	3,702,193	-1%
	Loans (gross value) / deposits	71.9%	67.0%	4.9 p.p.

The financial results recorded by Patria Bank at March 31, 2025 show a net profit of RON 10 million for the first 3 months of the current year, representing an increase of 24% compared to the same period of the previous year. This result represents a culmination of multiple initiatives aimed at improving commercial performance (by consolidating the team, products and internal processes), financial position and performance, supported by effective risk management.

The Bank has proved a solid capacity for adaptation and sustainable growth through an integrated strategy that has increased profitability, diversified and increased funding sources, obtaining a reduction in the cost of funding and streamlined operational processes. The decrease in NPLs and the reduction in the cost/income ratio (-7 bps vs. March 2024) are clear signs of prudent and efficient financial management and of a sustainable business model.

The Bank also had the capacity to absorb additional costs as well as the increase in existing costs, generating additional income and obtaining an increase in profitability ratios (RoA and RoE), together with reporting an increasing operational result (+61% compared to the first 3 months of 2024).

The main financial milestones achieved as of March 31, 2025 are presented below:

• Total assets grew by 4%, supported by credit expansion and a prudent but profitable investment policy. Diversification and increased funding sources were key factors in expanding the asset base, maximizing profitability compared to March 2024 (RoA 0.9% from 0.8% and RoE 9.3% from 8.1%)
• Increase in net banking income by 13% in the first 3 months of 2025 compared to the same period in 2024, due to the expansion of the loan portfolio, the reduction of the financing cost by diversifying financing sources and the refocusing towards shorter-term sources, by diversifying products and services and the increase in customer transactional behavior

• Maintaining an optimal balance sheet structure of the bank, the loan-to-deposit ratio registering a level of 72% compared to 67% at the end of 2024
• Increase in Loans and advances granted to customers by 7% compared to 2024. Portfolio growth is due to organic expansion which remains a predominant strategic direction
• Increase in debt investments by 4% compared to 2024 by temporarily placing excess liquidity at competitive yields according to capital market conditions
• The strategy to reduce non-performing exposures continued in 2025, the non-performing loan (NPL) rate was reduced through rigorous preventive strategies, including the intensification of monitoring activity and the initiation of proactive measures to support customers. The intensification of collection and recovery processes, correlated with write-off operations, contributed to the reduction of the non-performing loan exposure, allowing for a better allocation of capital. Thus, the Non-Performing Exposures (NPE) ratio decreased from 5.2% in March 2024 to 3.9% in March 2025, while the coverage ratio of non-performing loans with impairment adjustments decreased slightly to 57%
• Maintaining a solid capital base highlighted by the Total Own Funds Ratio of 20.01%, given the implementation of the partial redemption operation, of RON 6 million, of shares held by shareholders who exercised their right of withdrawal at the time of the merger between Banca Comerciala Carpatica and the former Patria Bank, which determined the decrease in the Own Funds Ratio by 0.28%.

Q1'25 Financial results

Bank's Financial position as at 31.03.2025 compared with 31.12.2024

Thousand RON
ASSETS	31-Mar-25	31-Dec-24	Mar.25/ Dec.24 (%)
Cash and cash equivalents	484,088	524,457	(8%)
Loans and advances to banks	19,198	19,422	(1%)
Securities	1,317,087	1,266,353	4%
Investment in subsidiaries	40,296	40,296	0%
Loans and advances to customers, net	2,521,361	2,367,410	7%
Other assets	267,525	268,220	(0%)
Total ASSETS	4,649,555	4,486,158	4%
LIABILITIES	31-Mar-25	31-Dec-24	Mar.25/ Dec.24
Due to banks & REPO	329,829	141,453	(%) 133%
Due to customers	3,665,734	3,702,193	(1%)
Other liabilities	95,645	88,559	8%
Subordinated debt	59,825	59,391	1%
Debt securities in issue	64,593	65,557	(1%)
Total Liabilities	4,215,626	4,057,153	4%
Total Equity	433,929	429,005	1%

Thousand RON	31-Mar-25	31-Dec-24	Mar.25/ Dec.24 (%)
Gross loans	2,637,134	2,480,892	6%
Performing loans	2,521,533	2,365,429	7%
Non-performing loans	115,601	115,463	0%
Impairments	(115,773)	(113,482)	2%
Performing loans provisions	(52,344)	(49,594)	6%
Non-performing loans provisions	(63,429)	(63,888)	-1%
Net loans	2,521,361	2,367,410	7%
Net performing loans	2,469,189	2,315,835	7%
Net non-performing loans	52,172	51,575	1%

Total assets, of RON 4.6 billion, show an increase of 4% compared to the end of 2024, through the development of the portfolio of loans granted to customers and the increase in investments in Government bonds.

The loan portfolio (net value) records an increase of 7%, RON +154 million, compared to the end of 2024, generated mainly by the expansion of loans granted to companies in the SME, Corporate and Agricultural financing sectors. In structure, an increase of the performing loan portfolio by 7%, RON +153 million, is noticed, which determined a decrease in the Non-Performing Exposures (NPE) Rate, which decreased from 4.1% on December 31, 2024 to 3.9% on March 31, 2025.

Investments in government securities. The portfolio increased by 4% compared to the previous year, contributing to the improvement of the balance sheet structure and the consolidation of interest income.

Customer liabilities registered a slight decrease of RON 36 million (-1%) compared to December 31, 2024. The Bank aimed to optimize the cost of financing and manage liquidity at optimal costs, choosing a more selective policy for some high-value deposits with a high cost of funding. It aimed to reduce concentrations and shift deposits towards shorter maturity buckets. The Bank also aims to develop collateral deposits that ensure an optimal cost of financing and lower volatility, an action correlated with lending and trade finance activity.

Interbank financing shows an increase of RON 188 million, in close correlation with the expansion of assets and the financing diversification strategy in a mix adapted to market conditions from the perspective of duration, currency and funding cost.

Equity shows an increase of 1% compared to December 31, 2024, mainly arising from the net profit obtained in the first 3 months of 2025.

At standalone level, the capital adequacy ratio (Total Own Funds Ratio) is 20.01%, above the regulatory limit and slightly below the level recorded at the end of 2024 (20.3%), mainly due to the increase in riskweighted assets (development of lending activity). At consolidated level, the capital adequacy ratio (Total Own Funds Ratio) is 19.68%, above the regulatory limit.

The Total Own Funds Ratio, both at standalone and consolidated level, does not incorporate the profit reported as of 31.03.2025. The Bank also applies the inclusion in the calculation of Own Funds of the temporary treatment provided for in paragraphs (1) and (2) of Article 468 of Regulation (EU) No. 575/2013.

The values calculated at standalone and consolidated level for the Total Own Funds Ratio are preliminary values, taking into account the provisions of Implementing Regulation (EU) No. 3117/2024 on "laying down implementing technical standards for the application of Regulation (EU) No. 575/2013 of the European Parliament and of the Council with regard to reporting for supervisory purposes of institutions and repealing Commission Implementing Regulation (EU) 2021/451", which provides for the submission deadline of 31 March 2025 for the reference date of 30 June 2025.

Financial results (standalone level)

The main elements recorded, compared to the same period last year:

FINANCIAL PERFORMANCE STATEMENT	Q1 2025	Q1 2024	Δ 2025/
Thousand RON			2024 (%)
Net interest income	40,280	31,350	28%
Net fees and commission income	9,292	9,813	(5%)
Net gains from financial activity & other income	7,192	9,144	(21%)
Net banking income	56,764	50,307	13%
Staff costs
	(19,510)	(19,559)	0%
Depreciation and amortization	(5,919)	(5,444)	9%
Other operating and administrative expenses, out of which:	(16,232)	(15,921)	2%
Turnover tax	(1,204)	(1,808)	(33%)
Total operating expense	(41,661)	(40,924)	2%
Operating result	15,103	9,383	61%
Net impairment of financial assets	(3,268)	(1,134)	188%
Profit before tax	11,835	8,249	43%
Income tax expense for the year	(1,779)	(114)	1461%
Net profit for the period	10,056	8,135	24%

		Q1 2025	Q1 2024	Δ 2025/ 2024 (%)
Interest income		76,673	67,971	13%
	Loans	60,147	52,245	15%
	Debt instruments	14,841	13,422	11%
	Other interest bearing assets	1,685	2,305	(27%)
Interest expenses		(36,393)	(36,621)	(1%)
	Due to customers	(31,614)	(31,295)	1%
	Other interest bearing liabiliities	(4,779)	(5,326)	(10%)
Net interest income		40,280	31,350	28%

Net banking income recorded an increase of 13% compared to the same period of 2024, following the increase in Net Interest Income (+28%), while net fees and commission income and income from financial activity recorded slight decreases correlated with the macroeconomic context that influenced the level of these types of income.

Regarding interest income, the Bank presents a significant increase of 13% compared to the same period of the previous year, the evolution being supported mainly by income related to the portfolio of loans granted to customers as well as by income obtained from debt securities in which the bank temporarily invested excess liquidity. Interest income related to the loan portfolio increased significantly, by RON +7.5 million, compared to the same period of last year, as a direct result of the increase in the balance of loans granted to customers.

Interest expenses decreased by 1% compared to the same period in 2024. This reduction was mainly influenced by the decrease in the balance of subordinated loans, through the repayment at maturity in the 4th quarter of 2024 of a subordinated loan worth EUR 2 million.

Operational expenses recorded an increase of 2% (RON +0.7 million), compared to the same period of the previous year. Operational and administrative costs show the highest increase, being mainly influenced by the development of the Bank's activity, following investments in IT and cybersecurity systems as well as in marketing campaigns.

The net cost of risk follows a prudent evolution, the Bank records net impairment adjustments worth RON 3.3 million in the first 3 months of 2025 compared to RON 1.1 million in the same period of the previous year. The Bank constantly monitors the loan portfolio for adequate credit risk management, taking into account the uncertainties that arise in the market. In the first 3 months of 2025, the Bank carried out write-off operations worth RON 2.9 million in line with the strategy of reducing the stock of non-performing loans.

The Bank recorded a positive operational result for the first 3 months of 2025 of RON 15 million and a net profit of RON 10 million, up by 24% compared to March 2024.

Total operating expenses in RON mn

Operating results in RON mn

Net result in RON mn

Q1 2025 Report ¹⁴

Economic financial ratios

	Ratios	31-Mar-25	31-Dec-24	31-Mar-24
1	Total Own Funds Ratio	20.0%	20.3%	20.6%
2	The potential change of the economic value (EVI/Own Funds)	5.9%	5.5%	10.9%
3	Loans (gross value) / Customer deposits	72%	67%	68%
4	Loans (gross value) / Total assets	57%	55%	54%
5	Liquidity Coverage Ratio (LCR)	134%	173%	175%
6	Liquid assets / Total assets	39%	39%	42%
7	Debt securities and equity instruments / Total assets	28%	28%	29%
8	Return on assets ratio (RoA)	0.9%	0.8%	0.8%
9	Return on equity ratio (RoE)	9.3%	8.5%	8.1%
10	Cost/income ratio	73%	76%	81%
11	Cost/income ratio (less the 2% turnover tax)	71%	72%	78%
12	Non-Performing Loans (NPL)*	4.5%	4.8%	6.2%
13	Non-Performing Exposures (NPE)*	3.9%	4.1%	5.2%
14	Coverage NPL	56.5%	57.3%	60.9%
15	Coverage NPL **	56.6%	57.4%	61.6%

(*) As per standalone FINREP

(**) As per the presentation for the calculation of the systemic risk buffer

The consolidation of the bank's profitability is also reflected in the increase in profitability ratios, ROE and ROA reaching values of 9.3% and 0.9% respectively, above the levels recorded on 31.12.2024 and 31.03.2024.

The cost/income ratio at 31.03.2025 incorporates the 2% turnover tax expense, applicable to credit institutions starting with 2024, in amount of RON 1.2 million, in the absence of which the cost/income ratio would have been 71%.

Q1'25 Commercial activity

In the first 3 months of 2025, Patria Bank continued to strengthen its commercial activity, with special attention to the SME, Corporate, Micro and Agro segments. These sectors represented strategic priorities for the bank, especially by addressing the specific needs of enterprises and through sustainability and green financing initiatives.

For the MICRO segment the Bank offered:

• Microcredits: fast and accessible solutions for small entrepreneurs and start-ups who need working capital or financing for small investments
• Customized solutions: through consultancy and flexible products, the Bank helps entrepreneurs adapt to market dynamics and build their businesses in a sustainable way.

In the SME sector Patria Bank focused its efforts on responding to the specific needs of small and medium-sized enterprises, a central engine of the Romanian economy. The Bank facilitated access to working capital and investment loans, which support SME clients to manage their cash flows more efficiently and to make investments in the development and modernization of their businesses.

The Competitiveness Loan, launched in 2024, was by itself one of the engines of activity development at the beginning of 2025. This product, developed in partnership with the European Investment Fund (EIF), offers advantageous conditions for SME clients, such as extended financing periods, the lack of collateral for working capital loans and lower costs compared to standard products. Through this program, Patria Bank has supported the sustainable development of small and medium-sized businesses, thus consolidating its position on the Romanian banking market.

In the CORPORATE area Patria Bank continued to support large companies, which require complex financing to expand their activities. In addition to loans for large investments (photovoltaic parks, production capacity developments, equipment acquisitions), the Bank offers factoring solutions and other products to ensure liquidity, helping companies manage periods with extended payment terms and quickly cover their cash-flow needs.

In the AGRO sector activities focused on dedicated financing for seasonal agriculture and modernization. Given the importance of agriculture in Romania, Patria Bank continued to invest in products dedicated to the Agro sector, offering loans for seasonal working capital, essential for managing agricultural activities that depend on annual production cycles, and financing for the acquisition of agricultural equipment and modernization of farms, thus facilitating farmers' access to new and efficient technology.

In order to support investments in the agricultural segment made with the help of non-reimbursable funds, financing projects with European funds represented an important strategy in the long-term lending area. Also, in order to diversify the financing area, Patria Bank has included the food industry sector as an integrated part of the agribusiness value chain starting with 2024.

The year 2024 was affected by soil drought, so special attention was paid to clients in the Agro segment affected by this issue, for whom Government and internal Patria Bank support solutions were identified and applied. Clients affected by the drought did not significantly impact the quality of the Agro portfolio.

Outstanding loans

The level of outstanding performing loans granted to companies recorded a positive evolution compared to December 2024, respectively an increase of 8.5%. All business lines recorded positive evolutions compared to December 2024, with a positive dynamic of the total loan balance. In the first 3 months of 2025, the Bank continued to focus on increasing the loan portfolio and supporting Micro companies, especially through loans with guarantees issued by the European Investment Fund (InvestEU Program) but also on lending to SME companies, supporting both investments and current activity.

The agricultural segment continued to be one of the priority segments for lending activity. The significantly improved performances in the first quarter of 2025 are, first of all, the result of the consolidation of Patria Bank's commercial team, the focus on increasing profitability on existing clients but also on attracting new clients, as well as the improvement of internal processes and the renewal of the product portfolio.

Outstanding loans in stages 1&2 (Thousand RON equiv.)	31.03.2024	30.06.2024	30.09.2024	31.12.2024	31.03.2025	Variation (%)
Agro	222,341	265,189	299,881	302,610	344,490	13,8%
Micro	395,683	403,884	401,917	380,786	404,337	6,2%
IMM&Corporate	996,526	1,048,180	1,086,488	1,154,406	1,244,447	7,8%
Total	1,614,550	1,717,252	1,717,252	1,837,802	1,993,275	8,5%

New loan sales

In the first 3 months of 202, new loan sales in the corporate segment had an improved performance by 56.3% compared to the first 3 months of 2024, an increase from RON 260,942 thousand to RON 407,935 thousand, respectively. The greatest impact on this result comes from the MICRO and SME & CORPORATE segments.

In the AGRO segment the Bank's strategy was to acquire new customers through financing and refinancing of investments, in the medium and long term. This strategy is still being implemented, with a focus on financing land

acquisitions, equipment and irrigation systems. Since, in the Agro segment portfolio, the largest share is represented by the financing of vegetable crops, the Bank's strategy is also to diversify this segment. Additionally, in Q1 2024 a new lending product was launched, APIA in advance, which represents a loan to cover working capital needs and consists of pre-financing the APIA subsidy in a proportion of up to 70% of the subsidy amount due in the previous year.

In the SME & CORPORATE segment financing in various areas of the economy was successfully completed in the first 3 months of 2025, with significant volumes being granted in the areas of HORECA, infrastructure, green energy and commercial real estate. The green energy sector is a priority for the national economy and a component of the Bank's financing strategy. The financed segment is solar energy. Also, in the first 3 months, the Bank continued to provide non-cash facilities for the infrastructure segment.

New loan sales (RON Thousand equitv)	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Variation YoY (%)
Agro	49,854	51,713	70,976	64,319	69,148	38.7%
Micro	42,292	48,082	64,746	69,216	67,630	59.9%
SME&Corporate	168,795	163,027	208,937	196,958	271,157	60.6%
Total	260,942	262,822	344,660	330,493	407,935	56.3%

Commercial financing (current accounts & term deposits)

Commercial financing recorded an increase of 0.5% compared to December of last year. The increase in collected sources was due to the positive evolution in the SME area. The Bank's strategy was to increase competitiveness in terms of prices offered in the short-term maturity segment (1 - 3 months) considering the decreasing trend of interest rates. The Bank also obtained in the first 3 months of 2025 a significant reduction in the financing cost related to commercial sources, by reducing concentrations in the liquidity area and increasing current account turnover.

Retail Banking activity

In the first quarter of 2025 the demand for lending products (secured and unsecured) continued the growth trend recorded in 2024 throughout the banking system. Patria Bank continued to actively promote products in the existing portfolio, while launching a mortgage loan product in Euro with a fixed interest rate for the first 5 years.

The volume of unsecured loans granted by the Bank in this quarter amounted to RON 50.7 million, up by 72% compared to the same period in 2024. Even if secured loans remain at a reduced value in total lending activity, an upward trend is observed compared to the same period in 2024, the variation being +57%.

Current activity

New unsecured loan volumes remained predominant in Q1 2025, with a contribution of RON 50.7 million, or 84% of the total new loan volumes granted in this segment. The bank estimates an increase in the contribution of secured lending in the coming period, by actively promoting existing products, in RON and EUR, both through its own sales force and through intermediary partners.

The Bank remained at a constant balance in terms of sources (deposits and current accounts), intensifying at the end of the quarter the promotion campaigns for savings products, including by launching a dedicated offer for 3 and 6 months deposits in RON.

Patria de Oriunde

In Q1 2025 the Bank continued the intense promotion of the online platform "Patria de Oriunde" by broadcasting campaigns for deposits purchased in RON through radio promotion, and for consumer loans without real estate collateral through TV promotion.

Patria Online

The Internet & Mobile Banking platform of Patria Bank has been expanded continuously by adding new functionalities and digital services options for clients, as well as security updates.

+19% increase in number of Patria Online users in Q1 2025 vs. Q1 2024

+13% increase in number of transactions executed via Internet & Mobile Banking platforms in Q1 2025 vs. Q1 2024

About Patria Bank

Patria Bank SA is a joint stock company using a one-tier corporate model, licensed as a credit institution for carrying out banking activities in Romania according to Emergency Ordinance of Government (EOG) no. 99/2006 on credit institutions and capital adequacy.

As at 31.03.2025 Patria Bank Group includes:

Patria Bank SA, credit institution authorized to carry out banking activities on the territory of Romania. The Bank offers banking services and other financial services to individuals and companies, having a market share in terms of assets of less than 1%. These services include: opening of accounts and term deposits, domestic and foreign payments, foreign exchange operations, financing for current activity, medium-term financing, issue of letters of guarantee and letters of credit.

Patria Credit IFN SA, a non-banking financial institution licensed by the National Bank of Romania (NBR) to perform lending activities in Romania, registered in the Special Register of Non-Banking Financial Institutions held by the NBR specialized in rural lending and microfinance. Patria Bank SA holds 99.99% of the share capital of Patria Credit IFN.

SAI Patria Asset Management SA and the six investment funds managed by the company - Patria Obligatiuni, Patria Global, Patria Stock, Patria Euro Obligatiuni, ETF BET Patria - Tradeville and ETF Energie Patria - Tradeville. The company is licensed by the Financial Supervisory Authority of Romania (FSA) for the management of investment funds and is 99.99% under the control of Patria Bank SA.

As at 31.03.2025 the Bank also holds a participation of 95.68% of the share capital of Carpatica Invest SA (formerly SSIF Carpatica Invest SA), a company currently undergoing judicial liquidation

Shareholder structure

The structure of the Bank's shareholders holding at least 10% of share capital at 31.03.2025 is as follows:

Shareholder	No. of shares	% Percent
EEAF FINANCIAL SERVICES BV. Amsterdam	2,755,927,215	84.05
Other shareholders – individuals	458,453,550	13.98
Other shareholders – companies	64,433,611	1.97
Total	3,278,814,376	100.00

Subsidiaries' activity

Patria Credit IFN

Patria Credit IFN SA is a non-banking financial institution (IFN) that supports the efforts of rural and small urban entrepreneurs, as well as their positive impact on their communities. Specialized in financing farmers, Patria Credit is a member of the European Microfinance Network (EMN) and Microfinance Center (MFC) and is the first non-banking financial institution dedicated to microfinance in Romania, with almost 20 years of experience and over 20,000 historically financed clients.

In Q1 2025, the company continued to provide loans tailored to the needs of its main segment, namely microfarms, thus consolidating its role as a dedicated microfinance institution. Its main activity was focused on supporting microfarms and small businesses, significantly contributing to their development. In addition, Patria Credit IFN plays an important social role in stimulating the development of local communities, facilitating access to financing for small entrepreneurs and farmers, which has a direct impact on sustainable economic growth and job creation in rural areas.

Thus, as of March 31, 2025, the portfolio structure was maintained, with a high concentration of loans granted to this segment, respectively 84%. Also, the high share of investment loans was maintained, respectively 79% of the portfolio. Regarding the guarantee structure, 86% of the portfolio is secured with guarantees provided by the European Investment Fund through various guarantee programs (Invest EU, EaSi).

On 31.03.2025, Patria Credit's loan portfolio had a value of RON 203 million, up 8% compared to March 2024. New loan sales recorded an increase of over 90% compared to the similar period of 2024. The net profit recorded on March 31, 2025 was RON 1.88 million.

Patria Credit aims to continue the external and internal digitalization process, as well as to actively engage with the NGO environment and relevant partners in creating new lending models and promoting good practices in sustainable agriculture.

Agriculture and rural development could be boosted this year by continuing the efforts to reduce the "distance" between producers and consumers by launching new and unique product sales platforms and by opening new distribution channels to large retailers.

3,249 active customers as of 31.03.25

RON 203 mn Loan portfolio

+90% New loan sales

RON 1.9 mn Net profit in Q1

2025

RON 514 mn managed assets

34,043 investors in 2 ETF

4 open-end investment funds

RON 0.4 mn Net profit in Q1 2025

SAI Patria Asset Management

SAI Patria Asset Management SA, an investment management company authorized by the ASF, continued to increase its assets under management to RON 513.7 million at the end of March 2025, in a difficult context for financial markets. The value reached at the end of the first quarter represents an increase of 2.3% compared to the level of RON 502.1 million recorded at the end of 2024 and 78.1% compared to the level of RON 288.4 million recorded at the end of the first quarter of 2024. The total assets managed by the company recorded an increase of 349.8% in the last three years ended on March 31, 2025.

This dynamic supported also the improvement of financial performance, with the company reporting on March 31, 2025 a net profit of RON 387.3 thousand, increasing more than four times compared to the net result of RON 90.2 thousand reported on March 31, 2024.

Patria Asset Management manages the only two ETFs (Exchange Traded Funds) established in Romania, Fund ETF BET Patria – Tradeville and Fund ETF Energie Patria – Tradeville..

Fondul ETF BET Patria – Tradeville replicates the structure and performance of the main index of the Bucharest Stock Exchange (BSE), BET, and is traded with the TVBETETF ticker symbol on the BSE. ETF BET Patria – Tradeville had assets of RON 458.9 million as of 31.03.2025, up 2.5% from the asset level of RON 447.7 million recorded on 31.12.2024. The fund unit yield was +4.43% in the first three months of 2025 and +7.84% over the last 12 months ended 31.03.2025. The fund registered 29,407 investors as of 31.03.2025, up from 28,652 investors on 31.12.2024 (+2.6%).

Fondul ETF Energie Patria – Tradeville is a sector ETF dedicated to the energy and related utilities sector, replicating the structure and performance of the BET-NG sector index of the BSE, and is traded on the BSE with the PTENGETF ticker symbol. The Fund had assets of 24.2 million lei as of 31.03.2025, up from 23.3 million lei as of 31.12.2024 (+3.9%). The fund unit yield was +5.20% in the first three months of 2025 and +9.06% for the last 12 months ended 31.03.2025. The fund registered 4,636 investors as of 31.03.2025, up from 4,328 investors as of 31.12.2024 (+7.1%).

Besides the two ETFs, Patria Asset Management also manages Patria Global and Patria Stock – RON diversified funds, Patria Obligatiuni – a RON fixedincome fund and Patria Euro Obligatiuni – an EUR fixed-income fund. The four funds are distributed through Patria Bank and through Patria Asset Management's own online platform for investment funds. Available at online.patriafonduri.ro, the platform offers easy access to the value of holdings and to online transactions for investing in or withdrawing money from the four funds.

Activity on the Bucharest Stock Exchange

Patria Bank has three issues of financial instruments listed on the regulated market of the Bucharest Stock Exchange: the Bank's shares and two issues of subordinated bonds. The Bank's shares trade on the regulated market managed by the Bucharest Stock Exchange (the Premium category) with the PBK ticker symbol. The issue's ISIN code is ROBACRACNOR6.

The closing price of PBK shares at the end of Q1 2025 was RON 0,0805/share, a 1.83% decrease compared to the price at the end of 2024, of RON 0.0820/share. The price of Patria Bank's shares showed a relatively stable evolution during the first three months of 2025, continuing the general trend of the most recent quarters.

Patria Bank's subordinated bond issue issued in Euro on 20.09.2019, with a total value of EUR 5.0 million, a fixed interest rate of 6.50%/year and maturity on 20.09.2027 trades on the regulated market managed by the Bucharest Stock Exchange with the PBK27E ticker symbol. The ISIN code of the issue is ROZN0PQQARR5. The closing price of PBK27E bonds at the end of Q1 2025 as a percentage of the 500 Euro par value was 97.41% compared to 98.26% at the end of 2024.

Patria Bank's subordinated bond issue issued in Euro on 05.10.2020, with a total value of EUR 8.2 million, a fixed interest rate of 6.50%/year and maturity on 05.10.2028 trades on the regulated market managed by the Bucharest Stock Exchange with the PBK28E ticker symbol. The ISIN code of the issue is ROWRHZRZD4L3. The closing price of PBK28E bonds at the end of Q1 2025 as a percentage of the 500 Euro par value was 97.00% compared to 98.59% at the end of 2024.

Annexes

• 1. Primary Standalone and Consolidated Financial Statements as at 31.03.2025:
  2. Consolidated and Separate Statement of Profit or Loss
  3. Consolidated and Separate Statement of Other Comprehensive Income
  4. Consolidated and Separate Statement of Financial Position
  5. Consolidated and Separate Statement of Changes in Equity
  6. Consolidated and Separate Statement of Cash Flows
  7. Explanatory notes to the consolidated and standalone financial statements

The financial statements for the first 3 months of 2025 have not beed audited/reviewed by the independent financial auditor.

1. Management's Statement regarding the assumption of responsibility for the preparation of the financial statements for Q1 2025.

Statement

We, the undersigned, Grigore Valentin Vancea, General Manager and Georgiana Mihaela Stanciulescu, Deputy General Manager, as the legal representatives of PATRIA BANK SA, in accordance with the provisions of art. 30 of the Accounting Law no. 82/1991 republished and of art. 65 para. (1) lit. c) of Law no. 24/2017 regarding the issuers and of art. 223 lit. B para. 1 c) of the ASF Regulation 5/2018 regarding the issuers of financial instruments and market operations, assume the responsibility for the preparation of the primary financial statements as at 31.03.2025 and certify that, to our knowledge:

• A) The accounting policies used to prepare the financial statements as at 31.03.2025 are in accordance with the accounting regulations applicable to credit institutions, based on the NBR Order no. 27/2010 for approving the accounting regulations in compliance with the International Financial Reporting Standards adopted by the European Union, with subsequent amendments
• B) The interim financial statements as at 31.03.2025 present a fair view of the financial position, financial performance and other information regarding the activity of Patria Bank SA
• C) Patria Bank SA operates in terms of continuity
• D) The quarterly report on the aforementioned financial statements includes an accurate analysis of the evolution and performance of the Bank, as well as a description of the main risks and uncertainties specific to the business performed.

General Manager Deputy General Manager Valentin VANCEA Georgiana STANCIULESCU

PATRIA BANK GROUP

INTERIM CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE PERIOD ENDED AT 31 MARCH 2025 Prepared in accordance with International Financial Reporting Standards as adopted by the European Union

INTERIM CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CONTENTS

Consolidated and Separate Statement of Profit or Loss and Other Comprehensive Income	3
Consolidated and Separate Statement of Financial Position	5
Consolidated and Separate Statement of Changes in Equity	6
Consolidated and Separate Statement of Cash Flows	10
Notes to the consolidated and separate Financial Statements	11

INTERIM CONSOLIDATED AND SEPARATE STATEMENT OF OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2025 (All amounts are in thousand RON)

		Group		Bank
Thousand RON	Note	Unaudited(*) 31 March 2025	Unaudited(*) 31 March 2024	Unaudited(*) 31 March 2025	Unaudited(*) 31 March 2024
Interest and similar income calculated using the effective interest rate	4	84,985	76,435	76,673	67,971
Interest and similar expense	4	(39,804)	(40,213)	(36,393)	(36,621)
Net interest income	4	45,181	36,222	40,280	31,350
Fee and commission income	5	14,474	13,858	11,919	11,708
Fee and commission expense	5	(2,967)	(2,157)	(2,627)	(1,895)
Net fee and commission income	5	11,507	11,701	9,292	9,813
Net gain/(loss) from financial assets at fair value through profit or loss	6	1,611	3,182	1,309	2,966
Net gain/(loss) from disposal of investment securities at fair value through other comprehensive income	7	76	3,705	76	3,705
Net gain/(loss) on derecognition of financial asstes measured at amortised cost		(26)	(32)	(25)	(32)
Net gain/(loss) from investment properties		-	-	-	-
Net gain/(loss) on non-current assets held for sale		-	-	-	-
Other operating income	8	5,881	2,557	5,832	2,505
Net operating income		64,230	57,335	56,764	50,307
Personnel expenses	10	(22,416)	(21,649)	(19,510)	(19,559)
Administrative and other operating expenses	11	(17,519)	(17,098)	(16,232)	(15,921)
Depreciation and amortization	22,23	(6,317)	(5,761)	(5,919)	(5,444)
Operational result before impairment		17,978	12,827	15,103	9,383
Impairment losses on financial assets	9	(3,211)	(1,816)	(3,268)	(1,134)
Operational profit		14,767	11,011	11,835	8,249
Profit before tax		14,767	11,011	11,835	8,249
Income tax expense for the year		(2,089)	(477)	(1,779)	(114)
Net profit for the period		12,678	10,534	10,056	8,135

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 3 from 47

INTERIM CONSOLIDATED AND SEPARATE STATEMENT OF OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2025 (All amounts are in thousand RON)

		Group		Bank
Thousand RON	Note	Unaudited(*) 31 March 2025	Unaudited(*) 31 March 2024	Unaudited(*) 31 March 2025	Unaudited(*) 31 March 2024
Net profit for the period Other comprehensive income Items that may be reclassified to profit or loss: Net gain on debt instruments measured at FVOCI, transferred to profit or loss Gain/(loss) from fair value measurement of debt instruments measured at FVOCI Variation of expected credit loss related to debt instruments measured at FVOCI Income tax recorded directly in other comprehensive income		12,678 (76) 910 199 (165)	10,534 (3,705) 4,186 47 (84)	10,056 (76) 910 199 (165)	8,135 (3,705) 4,186 47 (84)
Items that will not be reclassified to profit or loss: Income tax recorded directly in other comprehensive income, related to the changes of revaluation reserve		-	13	-	13
Other comprehensive income, net of tax Comprehensive income Profit attributable to: -Equity holders of the parent entity -Non-controlling interests Profit for the period		868 13,545 12,678 12,678	457 10,992 10,534 10,534	868 10,924 10,056 10,056	457 8,590 8,135 8,135
Comprehensive income attributable to: -Equity holders of the parent entity -Non-controlling interests Comprehensive income Earnings per share (basic and diluted)	33	13,545 - 13,545 0.0039	10,992 - 10,992 0.0032	10,924 - 10,924 0.0031	8,590 - 8,590 0.0025

The financial statements were approved by the Board of Directors on the 12 May 2025 and were signed on its behalf by:

Valentin Vancea Georgiana Stanciulescu

General Manager Deputy General Manager

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 4 from 47

INTERIM CONSOLIDATED AND SEPARATE STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025 (All amounts are in thousand RON)

	Group		Bank
		Unaudited(*)		Unaudited(*)
Thousand RON	Note	31 March 2025	31 December 2024	31 March 2025	31 December 2024
Assets
Cash and cash equivalents	12	484,302	524,955	484,088	524,457
Financial assets at fair value through profit or loss	13	80,818	81,042	75,744	76,310
Financial asset measured at fair value through other comprehensive income	14	876,441	810,570	876,441	810,570
Due from banks	15	19,198	19,422	19,198	19,422
Loans and advances to customers	16	2,705,358	2,528,065	2,521,361	2,367,410
Investments in debt instruments at amortized cost	17	364,902	379,473	364,902	379,473
Investment property	18	90,210	90,210	90,210	90,210
Non-current assets held for sale		1,545	1,545	1,379	1,379
Investment in subsidiaries	19	-	-	40,296	40,296
Other financial assets	20	27,171	32,718	26,961	32,354
Other assets	21	11,567	6,441	11,406	6,384
Deferred tax assets		3,913	3,683	4,066	3,856
Intangible assets	22	58,119	56,776	52,538	51,543
Property and equipment	23	83,420	85,053	80,965	82,493
Total assets		4,806,964	4,619,953	4,649,555	4,486,157
Liabilities
Due to banks	24	191,662	4,905	191,662	4,905
Customer deposits	25	3,633,317	3,654,777	3,665,734	3,702,193
Loans from banks and other financial institutions	26	293,300	285,365	138,167	136,548
Other financial liabilities	27	82,707	84,637	71,628	72,777
Provisions	28	13,156	12,047	11,690	10,836
Other liabilities	29	13,470	6,015	12,327	4,945
Subordinated liabilities	30	85,051	84,487	59,825	59,391
Debt securities in issue	31	64,593	65,557	64,593	65,557
Total liabilities		4,377,256	4,197,790	4,215,626	4,057,152
Equity
Share capital and equity premiums	32	332,181	332,181	332,181	332,181
Merger premium	32	(67,569)	(67,569)	(67,569)	(67,569)
Treasury shares	32	(7,140)	(1,140)	(6,005)	(5)
Accumulated Profit / (Losses)	32	126,677	113,947	132,787	122,679
Revaluation reserves	35	11,264	10,449	9,556	8,740
Statutory legal reserve	35	19,617	19,617	18,301	18,301
Other reserves	35	14,678	14,678	14,678	14,678
Total equity		429,708	422,163	433,929	429,005
Total liabilities and equity		4,806,964	4,619,953	4,649,555	4,486,157

The financial statements were approved by the Board of Directors on the 12 May 2025 and were signed on its behalf by:

Valentin Vancea Georgiana Stanciulescu General Manager Deputy General Manager

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 5 from 47

FOR THE YEAR ENDED 31 MARCH 2025 (All amounts are in thousand RON)

Group
Thousand RON	Share capital	Merger premium	Treasury shares	Revaluation reserves for financial assets at FVOCI	Revaluation reserve for property	Statutory legal reserve	Other reserves	Accumulated Profits / (Losses)	Total equity attributable to the parent	Non controlling interest	Total equity
Balance at 1 January 2025	332,181	(67,569)	(1,140)	(12,721)	23,170	19,617	14,678	113,947	422,163	-	422,163
Comprehensive income	-	-	-	-	-	-	-	12,678	12,678	-	12,678
Profit for the period	-	-	-	-	-	-	-	12,678	12,678	-	12,678
Other comprehensive
income
Net gain related to FVOCI debt
instruments recycled in profit or
loss account
Expected net credit loss related	-	-	-	167	-	-	-	-	167	-	167
to FVOCI debt instruments
Gains/(losses) from the measurement at fair value of	-	-	-	764	-	-	-	-	764	-	764
debt instruments FVOCI
Net gain from the fair value
measurement of FVOCI equity	-	-	-	-	-	-	-	-	-	-	-
instruments
Changes in the revaluation
reserve for property and	-	-	-	-	-	-	-	-	-	-	-
equipment
Total other comprehensive	-	-	-	867	-	-	-	-	868	-	868
income
Total comprehensive	-	-	-	867	-	-	-	12,678	13,546	-	13,546
income
Allocation to legal reserve
Acquisitions of treasury shares	-	-	(6,000)	-	-	-	-	-	(6,000)	-	(6,000)
Revaluation reserve realized	-	-	-	-	(52)	-	-	52	-	-	-
Balance at 31 March 2025	332,181	(67,569)	(7,140)	(11,854)	23,118	19,617	14,678	126,677	429,708	-	429,708

Notes 1 to 39 are part of the consolidated and separate financial statements.

(*) Unaudited / unrevised by the financial auditor.

Page 6 from 47

FOR THE YEAR ENDED 31 MARCH 2025 (All amounts are in thousand RON)

Group
Thousand RON	Share capital	Merger premium	Treasury shares	Revaluation reserves for financial assets at FVOCI	Revaluation reserve for property	Statutory legal reserve	Other reserves	Accumulated Profits / (Losses)	Total equity attributable to the parent	Non controlling interest	Total equity
Balance at 1 January 2024	332,181	(67,569)	(1,140)	(7,672)	27,852	17,160	14,678	71,097	386,587	-	386,587
Comprehensive income	-	-	-	-	-	-	-	40,624	40,624	-	40,624
Profit for the period Other comprehensive	-	-	-	-	-	-	-	40,624	40,624	-	40,624
income Net gain related to FVOCI debt instruments recycled in profit or loss account				(4,859)					(4,859)		(4,859)
Expected net credit loss related to FVOCI debt instruments Gains/(losses) from the	-	-	-	196	-	-	-	-	196	-	196
measurement at fair value of debt instruments FVOCI	-	-	-	(1,504)	-	-	-	-	(1,504)	-	(1,504)
Net gain from the fair value measurement of FVOCI equity instruments	-	-	-	1,119	-	-	-	-	1,119	-	1,119
Changes in the revaluation reserve for property and equipment	-	-	-	-	-	-	-	-	-	-	-
Total other comprehensive income	-	-	-	(5,048)	-	-	-	-	(5,048)	-	(5,048)
Total comprehensive income	-	-	-	(5,048)	-	-	-	40,624	35,577	-	35,576
Allocation to legal reserve	-	-	-	-	-	2,457	-	(2,457)	-	-	-
Revaluation reserve realized	-	-	-	-	(4,682)	-	-	4,682	-	-	-
Balance at 31 December 2024	332,181	(67,569)	(1,140)	(12,721)	23,170	19,617	14,678	113,947	422,164	-	422,163

Notes 1 to 39 are part of the consolidated and separate financial statements.

(*) Unaudited / unrevised by the financial auditor.

Page 7 from 47

FOR THE YEAR ENDED 31 MARCH 2025 (All amounts are in thousand RON)

Bank
Thousand RON	Share capital	Merger premium	Treasury shares	Revaluation reserves for financial assets at FVOCI	Revaluation reserve for premises	Statutory legal reserve	Other reserves	Accumulated Profits / (Losses)	Total equity
Balance at 1 January 2025	332,181	(67,569)	(5)	(12,721)	21,461	18,301	14,678	122,679	429,005
Comprehensive income	-	-	-	-	-	-	-	10,056	10,056
Profit for the period	-	-	-	-	-	-	-	10,056	10,056
Other comprehensive income
Net gain related to FVOCI debt instruments recycled in
profit or loss account	-	-	-	(64)	-	-	-	-	(64)
Expected net credit loss related to FVOCI debt instruments	-	-	-	167	-	-	-	-	167
Gains/(losses) from the measurement at fair value of debt
instruments FVOCI	-	-	-	764	-	-	-	-	764
Net gain from the fair value measurement of FVOCI equity
instruments	-	-	-	-	-	-	-	-	-
Changes in the revaluation reserve for property and
equipment	-	-	-	-	-	-	-	-	-
Total other comprehensive income	-	-	-	867	-	-	-	-	868
Total comprehensive income	-	-	-	867	-	-	-	10,056	10,922
Allocation to legal reserve	-	-	-	-	-	-	-	-	-
Revaluation reserve realized	-	-	-	-	(52)	-	-	52	-
Acquisitions of treasury shares	-	-	(6,000)	-	-	-	-	-	(6,000)
Balance at 31 March 2025	332,181	(67,569)	(6,005)	(11,853)	21,409	18,301	14,678	132,787	433,929

Notes 1 to 39 are part of the consolidated and separate financial statements.

(*) Unaudited / unrevised by the financial auditor.

Page 8 from 47

FOR THE YEAR ENDED 31 MARCH 2025 (All amounts are in thousand RON)

Bank
Thousand RON	Share capital	Merger premium	Treasury shares	Revaluation reserves for financial assets at FVOCI	Revaluation reserve for premises	Statutory legal reserve	Other reserves	Accumulated Profits / (Losses)	Total equity
Balance at 1 January 2024	332,181	(67,569)	(5)	(7,672)	26,144	16,188	14,678	84,940	398,885
Comprehensive income	-	-	-	-	-	-	-	35,168	35,168
Profit for the period	-	-	-	-	-	-	-	35,168	35,168
Other comprehensive income
Net gain related to FVOCI debt instruments recycled in	-	-	-	(4,859)	-	-	-	-	(4,859)
profit or loss account
Expected net credit loss related to FVOCI debt	-	-	-	196	-	-	-	-	196
instruments
Gains/(losses) from the measurement at fair value of debt instruments FVOCI	-	-	-	(1,504)	-	-	-	-	(1,504)
Net gain from the fair value measurement of FVOCI
equity instruments	-	-	-	1,119	-	-	-	-	1,119
Changes in the revaluation reserve for property and
equipment	-	-	-	-	-	-	-	-	-
Total other comprehensive income	-	-	-	(5,048)	-	-	-	-	(5,048)
Total comprehensive income	-	-	-	(5,048)	-	-	-	35,168	30,120
Allocation to legal reserve	-	-	-	-	-	2,113	-	(2,113)	-
Revaluation reserve realized	-	-	-	-	(4,683)	-	-	4,683	-
Balance at 31 December 2024	332,181	(67,569)	(5)	(12,721)	21,461	18,301	14,678	122,679	429,005

Notes 1 to 39 are part of the consolidated and separate financial statements.

(*) Unaudited / unrevised by the financial auditor.

Page 9 from 47

	Group		Bank
Thousand RON	Unaudited(*) 31 March	Unaudited(*) 31 March	Unaudited(*) 31 March	Unaudited(*) 31 March
	2025	2024	2025	2024
Cash flows from operating activities
Interest received	69,444	73,358	66,318	56,878
Interest paid Fees and commissions received	(40,677) 14,474	(37,822) 13,858	(37,594) 11,919	(35,071) 11,708
Fees and commissions paid	(2,967)	(2,157)	(2,627)	(1,895)
Gain / (Loss) from financial derivatives	669	(1,074)	669	(1,074)
Net gain from financial instruments and other operating income	989	8,549	638	8,309
Recoveries from off balance sheet items	2,451	3,985	2,368	3,981
Cash payments to employees	(22,070)	(21,972)	(19,343)	(19,871)
Cash payments to suppliers	(23,865)	(22,893)	(22,180)	(21,394)
Income taxes paid	-	-	-	-
Net cash-flow from operating activities before changes in operating assets and liabilities	(1,552)	13,832	168	1,571
Changes of operating assets
(Increase)/Decrease of:
- loans and advances to banks	(395)	(83)	(395)	(83)
- financial assets at fair value through profit or loss	2,645	(32,341)	2,987	(32,120)
- loans and advances to customers	(170,270)	(85,416)	(152,162)	(67,278)
- other financial assets	(4,072)	1,490	(3,792)	1,746
Total changes of operating assets	(172,092)	(116,350)	(153,362)	(97,735)
Changes of operating liabilities Increase/(Decrease) of:
- due to banks	188,389	(81,444)	188,389	(81,444)
- deposits from customers	(13,279)	179,376	(28,429)	194,374
- other financial liabilities	5,437	1,275	6,145	1,015
Total changes of operating liabilities	180,547	99,207	166,105	113,945
Net cash flow used in operating activities	6,903	(3,311)	12,911	17,781
Cash flows from investing activities Acquisition of investment securities at FVOCI	(165,330)	(201,768)	(165,330)	(201,768)
Maturities and proceeds from investment securities at FVOCI	103,761	168,170	103,761	168,168
Maturities of investments at amortized cost	12,862	(827)	12,862	(827)
Proceeds from dividend	9	12	9	(16)
Sale of investment property and non-current assets held for sale and premises	-	(124)	-	(124)
Acquisition of tangile and intagible assets	1,553	2,275	1,796	2,721
Net cash used in investing activities	(47,145)	(32,262)	(46,902)	(31,846)
Cash flows from financing activities
Withdrawals from loans from other financial institutions	14,602	24,573	(82)	-
Repayments of loans from other financial institutions	(8,716)	(3,251)	-	-
Subordinated liabilities	(36)	(58)	(35)	(57)
Issuance of debt securities	(40)	-	(39)	-
Acquisitions of treasury shares	(6,000)	-	(6,000)	-
Net cash generated from financing activities	(190)	21,264	(6,156)	(57)
Effect of exchange rate changes on cash and cash equivalents	(221)	(88)	(222)	(89)
Net (decrease)/increase in cash and cash equivalents	(40,653)	(14,397)	(40,369)	(14,211)
Cash and cash equivalents at 1 January	524,955	538,218	524,457	537,692
Cash and cash equivalents at 31 December	484,302	523,821	484,088	523,481

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 10 from 47

1. REPORTING ENTITY

As at 31 March 2025, the Structure of the Patria Bank Group is the following:

• Patria Bank S.A. – Parent company– "The Bank / PBK" is a Romanian credit institution resulted from the merger by absorption between the former Banca Comerciala Carpatica S.A. (as an absorbing entity) and former Patria Bank S.A. (as an absorbed entity), which took place on 1st of May 2017.

According to the decision of the General Meeting of Shareholders regarding the approval of the merger, the decision to change the name of the absorbing company from Banca Comerciala Carpatica S.A. in Patria Bank S.A. was implemented at the same time with the merger date.

The Registered office: 42, Pipera Road, Globalworth Plaza Building, 8 and 10 Floors, Bucharest, Sector 2, postal code 020112.

As at 31 March 2025 and 31 December 2024 the Bank is ultimately controlled by Emerging Europe Accession Fund Cooperatief U.A. ("EEAF") the entity that controls EEAF Financial Services B.V., the Bank's majority shareholder. The main investors of this fund are the European Bank for Reconstruction and Development, the European Investment Fund (part of the European Investment Bank Group), DEG - Deutsche Investitions - und Entwicklungsgesellschaft GmbH, the Black Sea Trade and Development Bank.

The Bank provides banking services and other financial services to companies and retail clients. These services include: deposit and current accounts, domestic and international payments, foreign exchange transactions, working capital loans, medium term lending, bank guarantees, letters of credit.

The Group exercises direct and indirect control over the following subsidiaries:

Subsidiary	Field of activity	Ownership	Ownership
		percentage as at	percentage as at
		31.03.2025	31.12.2024
Patria Credit IFN SA	Rural lending and microfinance	99,99%	99,99%
SAI Patria Asset Management	Administrarea fondurilor	99,99%	99,99%
SA	deschise de investitii
Patria Euro Obligatiuni	Fond de investitii	79,22%	79,22%
Patria Stock	Fond de investitii	73,66%	73,28%
Patria Global	Fond de investitii	53,10%	49,75%
Carpatica Invest SA	Financial investment services	95,68%	95,68%

• Patria Credit IFN SA – Subsidiary – ("IFN") is a company registered in Romania since February 12, 2004 and it is authorized by the National Bank of Romania ("NBR") to carry out lending activities. Starting with March 28, 2007, IFN is registered with the General Register of the NBR's Non-banking Financial Institutions ("IFN"), and as of February 26, 2008 Patria Credit IFN was also registered with the NBR Special Register.
• SAI Patria Asset Management SA (former SAI Carpatica Asset Management SA) – Subsidiary – is authorized by the Financial Supervision Authority ("FSA") for the management of open-end investment funds. The company manages six investment funds – Patria Stock, Patria Global, Patria Obligatiuni (unconsolidated), Patria Euro Obligatiuni, ETF BET Patria – Tradeville (unconsolidated) and ETF Energie Patria – Tradeville (unconsolidated). The two ETFs are the first Exchange Traded Funds established in Romania and are both listed on the Bucharest Stock Exchange. SAI Patria Asset Management SA is under the control of Patria Bank. Patria Bank holds 99.99% of the share capital and voting rights of SAI Patria Asset Management.
• Carpatica Invest SA (undergoing dissolution) Subsidiary – Carpatica Invest SA with its head office in Sibiu, 5 Mihai Viteazu Street, was a financial investment services company that operated according to FSA regulations. The Financial Supervisory Authority revoked the license of Carpatica Invest SA by decision 1486/06.07.2015. The liquidator appointed by the Extraordinary General Meeting of Carpatica Invest SA shareholders requested the opening of the simplified insolvency procedure, which was opened by sentence no. 928/03.11.2016 of the Sibiu Court, in file no. 2127/85/2016.

Considering the dissolution decision as well as the insignificant impact of the consolidation of Carpatica Invest SA, the Group took the decision to change the scope of consolidation in 2024 and 2023 excluding Carpatica Invest SA.

As at 31 December 2024 – The Group Patria Bank ("The Group") includes Patria Bank S.A. ("The Bank" / "PBK (resulted from the 2017 merger between Banca Comerciala Carpatica and Patria Bank, former Nextebank until 2016), Patria Credit IFN SA ("IFN"), SAI Patria Asset Management SA (former SAI Carpatica Asset Management SA) together with the managed investment funds: FDI Patria Stock, FDI Patria Global and FDI Patria Euro Obligatiuni and SSIF Carpatica Invest SA (in bankruptcy, ongoing insolvency procedure, unconsolidated). Patria Bank SA is the Parent company of the Group.

2. BASIS OF PREPARATION

a) Statement of compliance

The interim consolidated and individual financial statements have been prepared in accordance with IAS 34 Interim Financial Reporting. These interim consolidated and individual financial statements were not audited or reviewed.

The interim consolidated and individual financial statements include:

• Interim Consolidated and Separate Statement of Profit or Loss and Other Comprehensive Income
• Interim Consolidated and Separate Statement of Financial Position
• Interim Consolidated and Separate Statement of Changes in Equity
• Interim Consolidated and Separate Statement of Cash Flows
• a selection of relevant explanatory notes for the period ending at 31 March 2025.

The interim financial statements do not include all disclosures required by the International Financial Reporting Standards adopted by the European Union ("IFRS") for the full set of annual financial statements; so, these interim statements should be read together with the Group's annual financial statements as at 31 December 2024.

In accordance with Order 27 / 16.12.2010 issued by the President of the Board of Directors of the National Bank of Romania, the Group's annual financial statements at 31 March 2025 were prepared in accordance with IFRS.

The Group keeps its accounting records in Romanian LEI ("RON"); RON is also the functional and presentation currency of the Group in accordance with the Romanian Accounting Law and the accounting and reporting regulations issued by NBR and the Ministry of Public Finance.

b) Basis of measurement

These financial statements have been prepared under the historical cost convention, as modified by the initial recognition of financial instruments based on fair value, and by the revaluation of properties and equipment, financial assets at fair value through other comprehensive income, and financial instruments at fair value through profit or loss and non-current assets held for sale. The main accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the periods presented.

c) Basis of Consolidation

The consolidated interim financial statements comprise the financial statements of Patria Bank SA and all its subsidiaries for the period ended at 31 March 2025 and the comparative financial statements of the Patria Bank SA and all its subsidiaries for the period ended 31 March 2024 or 31 December 2024.

The Bank consolidates the financial statements of its subsidiaries in accordance with IFRS 10. The list of Group subsidiaries is presented at Note 1 "Reporting entity".

All outstanding balances between Group companies, transactions, income and expenses, losses and gains arising from transactions between Group companies are eliminated in full.

Subsidiaries are entities controlled by the Bank. An investor controls an investee when it has power, exposure, or rights, to variable returns from its involvement with the investee and the ability to use its power over the investee to affect the amount of the investor's returns.

The entities in the Group are incorporated in Romania, keep their accounting books and prepare their statutory financial statements in accordance with IFRS as adopted by the European Union;

3. SIGNIFICANT ACCOUNTING POLICIES

The significant accounting policies used in the preparation of these interim financial statements are those presented in Note 3 of the Group's Annual Consolidated and Separate Financial Statements for the year ended 31 December 2024.

4. NET INTEREST INCOME

	Group		Bank
Thousand RON	31 March 2025	31 March 2024	31 March 2025	31 March 2024
Interest and similar income
Loans and advances to customers (*)	68,324	60,592	60,147	52,244
Debt instruments at amortised cost	4,931	5,278	4,931	5,278
Financial assets at fair value through other comprehensive income	10,039	8,254	9,910	8,144
Due from banks	1,691	2,311	1,685	2,305
Total interest and similar income using effective interest method	84,985	76,435	76,673	67,971
Interest and similar expense
Customer deposits	31,247	31,080	31,614	31,295
Loans from banks and other financial institutions	5,579	5,712	2,371	2,506
Subordinated liabilities	1,746	2,133	1,193	1,547
REPO operations	-	41	-	41
Other interest expense	103	90	92	81
Subordinated bonds	1,129	1,157	1,123	1,151
Total interest and similar expense	39,804	40,213	36,393	36,621
Net interest income	45,181	36,222	40,280	31,350

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 14 from 47

(*) Interest income at Group level includes RON 61 thousand interest expenses recognized on impaired loans to customers (31 March 2024: RON 726 thousand).

(*) Interest income at Bank level includes RON 35 thousand interest expenses recognized on impaired loans to customers (31 March 2024: RON 656 thousand).

5. NET FEE AND COMMISSION INCOME

	Group		Bank
Thousand RON	31 March	31 March	31 March	31 March
	2025	2024	2025	2024
Fee and commission income
Cards activity (VISA & MC)	2,152	2,631	2,164	2,631
Non-cash transactions	6,350	5,878	4,851	4,348
Non-deferrable commissions related to loans	1,207	998	1,207	998
Cash transactions	902	1,031	902	1,031
Income from other financial services	2,285	1,583	1,217	963
Interbank settlements	27	50	27	50
Total fee and commission income from contracts with customers	12,923	12,171	10,368	10,021
Issuing financial guarantees	1,551	1,687	1,551	1,687
Total fee and commission income	14,474	13,858	11,919	11,708
Fee and commission expense
Cards activity (VISA & MC)	796	737	795	737
Interbank settlements	496	509	483	509
Expenses from other financial services	537	367	213	110
Other	1,138	544	1,136	539
Total fee and commission expense	2,967	2,157	2,627	1,895
Net fee and commission income	11,507	11,701	9,292	9,813

Non-deferrable commissions related to loans represent fees and commissions that are not subject of amortization according to the Effective Interest Rate methodology and consist mainly on fees charged for services provided (administration fees) that are recognized in the period when they were incurred, fees for credit commitments when the probability of disbursement is not certain, fees charged for early repayments, etc. The Group has internal procedures that classifies all commission types and specifies the accounting treatment to be applied for each class.

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 15 from 47

6. NET GAIN/(LOSS) FROM FINANCIAL ASSETS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS

	Group		Bank
Thousand RON	31 March 2025	31 March 2024	31 March 2025	31 March 2024
Net gain/(loss) from financial assets at fair value through profit or loss	2,011	2,317	1,709	2,101
Net gain/(loss) from derivatives	(400)	865	(400)	865
Total	1,611	3,182	1,309	2,966

7. NET GAIN/(LOSS) FROM DISPOSAL OF INVESTMENT SECURITIES AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

Thousand RON	31 March 2025	Group 31 March 2024	Bank 31 March 2025	31 March 2024
Gains from disposals of investment securities at fair value through other comprehensive income	85	3,825	85	3,825
Losses from disposals of investment securities at fair value through other comprehensive income	(9)	(120)	(9)	(120)
Total	76	3,705	76	3,705

8. OTHER OPERATING INCOME

	Group		Bank
Thousand RON	31 March 2025	31 March 2024	31 March 2025	31 March 2024
Net gain/ (loss) from foreign exchange transactions	2,690	831	2,693	835
Dividend income	9	28	9	-
Other operating income	1,422	114	1,370	86
Gain / (Loss) from disposal of premises and equipment sales	(1)	(1)	(1)	(1)
Income from rental of real estate	1,761	1,585	1,761	1,585
Total	5,881	2,557	5,832	2,505

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 16 from 47

9. NET CHARGE WITH IMPAIRMENT OF FINANCIAL ASSETS

	Group		Bank
Thousand RON	31 March 2025	31 March 2024	31 March 2025	31 March 2024
Charge with adjustments for impairment of cash and cash equivalents	6	(8)	6	(8)
Charge/(Release) with adjustments for impairment of loans and advances to customers	5,366	4,833	5,416	4,134
Loss from written off loans Recoveries from loans previously written off	43 (2,259)	16 (3,930)	43 (2,175)	16 (3,925)
Charge/(Release) with the adjustments for impairment of financial asset measured at fair value through other items of comprehensive income	199	47	199	47
Charge/(Release) with the adjustments for impairment of debt instruments at amortised cost	38	2	38	2
Charge/(Release) with the adjustments for impairment of credit commitments and financial guarantees	(289)	317	(366)	329
Charge/(Release) with adjustments for impairment of other financial assets	107	539	107	539
Net charge with adjustments for impairment of financial assets	3,211	1,816	3,268	1,134

10. PERSONNEL EXPENSES

Thousand RON	31 March 2025	Group 31 March 2024	31 March 2025	Bank 31 March 2024
Wages and salaries Social security contributions	21,306 652	21,233 629	18,660 571	19,203 558
Net expense/(income) with provisions related to wage costs	346	(323)	167	(312)
Other personnel expense	112	110	112	110
Total	22,416	21,649	19,510	19,559

The Group average number of employees at 31 March 2025 was 630 employees (31 March 2024: 657 employees). The Bank average number of employees at 31 March 2025 was 549 employees (31 March 2024: 573 employees).

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 17 from 47

11. ADMINISTRATIVE AND OTHER OPERATING EXPENSES

	Group		Bank
Thousand RON	31 March 2025	31 March 2024	31 March 2025	31 March 2024
Third parties services	12,476	11,196	11,720	10,593
Rent	116	110	63	62
Materials and small inventories	497	478	368	377
Annual contribution to Guarantee Fund	355	930	355	930
Other taxes	2,245	2,841	2,163	2,784
Advertising and publicity	421	228	249	228
Net charge/(release) of litigation provisions	(29)	(34)	(29)	(29)
Other operating expenses	1,354	1,195	1,343	976
The expense related to the financial debt for the fund unit holders	84	154	-	-
Total	17,519	17,098	16,232	15,921

12. CASH AND CASH EQUIVALENTS

	Group		Bank
	31 March	31 December	31 March	31 December
Thousand RON	2025	2024	2025	2024
Cash on hand	24,482	21,929	24,482	21,929
Cash in ATMs	45,543	46,247	45,543	46,247
Mandatory minimum reserve	359,042	340,646	359,042	340,646
Correspondent accounts and sight deposits with other banks	55,235	54,571	55,021	54,103
Placements with banks having short term maturity	-	61,562	-	61,532
Total	484,302	524,955	484,088	524,457

(*)Cash and cash equivalents are not guaranteed.

(i) The mandatory minimum reserve is maintained in accordance with Regulation no. 5/2024 issued by the National Bank of Romania. According to this regulation, the Group is required to maintain a minimum average balance of mandatory reserve throughout the reporting period (monthly basis). The amounts from the mandatory reserve accounts are readily available for the use of the Group according to the liquidity needs and strategy, subject to achieving the minimum reserve as an average for the reporting period.

As of 31 March 2025 the mandatory minimum reserve requirement was 8% (31 December 2024: 8%) for RON funds attracted from customers and 5 % (31 December 2024: 5%) for foreign currency denominated funds attracted.

As of 31 March 2025 the amounts presented in the statement of financial position of cash and equivalents and cash at Central Banks are neither past due no impaired.

13. FINANCIAL ASSETS EVALUATED AT FAIR VALUE THROUGH PROFIT OR LOSS

Thousand RON	31 March 2025	Group 31 December 2024	31 March 2025	Bank 31 December 2024
Equity instruments(i)	26,022	25,316	26,022	25,317
Debt instruments (ii)	54,796	55,726	49,722	50,993
Total	80,818	81,042	75,744	76,310

(i) In this category the Group included shares held at Visa Inc. in amount of RON 7,234 thousand (31 December 2024: RON 6,774 thousand) and listed equity instruments, held by the consolidated funds and other funds held by the Group;

• (ii) In this category the Group include:
• Bonds issued in RON, EUR and USD by financial and non-banking financial institutions as well as central and local public authorities;
• Treasury bills issued by the Ministry of Public Finance of Romania.

14. FINANCIAL ASSETS MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

	Group		Bank
Thousand RON	31 March 2025	31 December 2024	31 March 2025	31 December 2024
Debt securities at fair value through other items of comprehensive income	797,092	730,976	797,092	730,976
-Treasury bills issued by the Ministry of Public (i)	34,543	33,833	34,543	33,833
-Debt securities issued by MAS SECURITIES BV	8,032	8,223	8,032	8,223
-Debt securities issued by AGRICOVER HOLDING S.A.	20,793	21,564	20,793	21,564
-Debt securities issued by CEC BANK S.A.	2,034	2,027	2,034	2,027
-Debt securities issued by SNGN ROMGAZ SA Equity investments at fair value	-	-	-	-
through other comprehensive income:	13,947	13,947	13,947	13,947
-Equity investments Total	876,441	810,570	876,441	810,570

i) Treasury bills are issued by the Ministry of Public Finance of Romania and includes listed discounted treasury bills and bonds denominated in RON, EUR and USD. As of 31 December 2024 the Group has no assets pledged for Repo contracts (31 December 2023: the Group has no pledged assets for Repo Contracts).

An amount of RON 42,813 thousand representing Treasury bills issued in EUR by the Ministry of Public represents collateral for the loan of EUR 12,500 thousand received by the Bank from the European Investment Bank.

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 19 from 47

		Gr0up
Thousand RON		31 March 2025			31 December 2024
Name	Nature of business	Carring amount	Effective Holding (%)	Carring amount	Effective Holding (%)
Transfond SA	Clearing House	11,188	5.69	11,188	5.69
Globinvest	Investments fund administrator	2,187	19.99	2,187	19.99
Biroul de credit S.A.	Collection and processing of customer data	80	0.32	80	0.32
SWIFT	Payment activities	492	0.01	492	0.01
Total equity investments		13,947		13,947

		Bank
Thousand RON			31 March 2025		31 December 2024
Name	Nature of business	Carring amount	Effective Holding (%)	Carring amount	Effective Holding (%)
Transfond SA	Clearing House	11,188	5.69	11,188	5.69
Globinvest	Investments fund administrator	2,187	19.99	2,187	19.99
Biroul de credit S.A.	Collection and processing of customer data	80	0.32	80	0.32
SWIFT	Payment activities	492	0.01	492	0.01
Total equity investments		13,947		13,947

Notes 1 to 39 are part of the consolidated and separate financial statements.

(*) Unaudited / unrevised by the financial auditor.

Page 20 from 47

15. DUE FROM OTHER BANKS

The deposits to banks presented below include collateral deposits for settlement amounts from Visa and MasterCard related to cards activity.

	Group		Bank
Thousand RON	31 March 2025	31 December 2024	31 March 2025	31 December 2024
Collateral deposit Banca Transilvania S.A.	460	478	460	478
Collateral deposit U.S. Bank N.A.	6,049	6,231	6,049	6,231
Collateral deposit CITIBANK EUROPE PLC	11,675	11,669	11,675	11,669
Mastercard	1,014	1,044	1,014	1,044
Total	19,198	19,422	19,198	19,422

16. LOANS AND ADVANCES TO CUSTOMERS

Thousand RON	31 March 2025	Group 31 December 2024	31 March 2025	Bank 31 December 2024
Gross carrying amount of loans and advances to customers Credit loss allowance	2,835,189 (129,831)	2,655,324 (127,259)	2,637,135 (115,774)	2,480,893 (113,483)
Total net loans and advances to customers	2,705,358	2,528,065	2,521,361	2,367,410

The structure of loan portfolio classified per main business lines is as follows:

	Group		Bank
Thousand RON	31 March 2025	31 December 2024	31 March 2025	31 December 2024
Consumer loans	244,175	234,125	244,173	234,126
Mortgage loans	299,305	307,486	299,305	307,486
Loans to entrepreneurs	339,734	310,148	159,422	149,925
SME loans	1,938,702	1,789,374	1,920,962	1,775,165
State and municipal organizations	13,273	14,191	13,273	14,191
Total gross loans and advances to customers	2,835,189	2,655,324	2,637,135	2,480,893
Less: Provision for loan impairment	(129,831)	(127,259)	(115,774)	(113,483)
Total net loans and advances to customers	2,705,358	2,528,065	2,521,361	2,367,410

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 21 from 47

Risk concentrations by economic sectors within the customer loan portfolio were as follows:

		Group	Bank
	31 March	31 December	31 March	31 December
Thousand RON	2025	2024	2025	2024
Loans to individuals	543,479	541,612	543,477	541,612
Loans to corporate customers:	2,291,710	2,113,712	2,093,658	1,939,281
Agriculture	695,320	611,976	510,252	448,725
Trade	303,118	274,213	289,332	261,558
Industry	286,256	256,628	283,366	254,009
Hotels and restaurants	139,785	139,916	136,999	137,161
Constructions	322,541	304,066	318,281	299,824
Transport	97,602	100,899	92,660	96,232
Professional Services	32,956	35,059	32,152	34,246
Services	60,784	57,935	58,304	55,654
Financial and real estate activities	298,805	276,475	318,361	295,967
Others	26,464	27,261	26,183	26,953
IT, research and development	14,806	15,093	14,495	14,761
Public Administration and Defence Total loans and advances to	13,273	14,191	13,273	14,191
customers before provisions	2,835,189	2,655,324	2,637,135	2,480,893
Less provision for impairment losses on loans	(129,831)	(127,259)	(115,774)	(113,483)
Total	2,705,358	2,528,065	2,521,361	2,367,410

The structure of the Group's loan portfolio classified by credit quality is as follows:

	31 March 2025
	Stage 1		Stage 2		Stage 3		POCI	Total
Thousand RON	Individual	Collective	Individual	Collective	Individual	Collective
Performing loans	13,331	2,387,584	49,785	234,049	-	-	12,490	2,697,239
Non-performing loans	-	-	-	-	58,972	72,991	5,987	137,950
Total gross exposure	13,331	2,387,584	49,785	234,049	58,972	72,991	18,477	2,835,189
Less: Provision for loan impairment	(386)	(35,611)	(6,572)	(14,288)	(35,739)	(32,669)	(4,566)	(129,831)
Net Exposure	12,945	2,351,973	43,213	219,761	23,233	40,322	13,911	2,705,358

	31 December 2024
	Stage 1		Stage 2		Stage 3
Thousand RON	Individual	Collective	Individual	Collective	Individual	Collective	POCI	Total
Performing loans	10,894	2,216,113	47,922	233,046	-	-	12,738	2,520,713
Non-performing loans	-	-	-	-	58,001	70,313	6,297	134,611
Total gross exposure	10,894	2,216,113	47,922	233,046	58,001	70,313	19,035	2,655,324
Less: Provision for loan impairment	(273)	(31,667)	(5,162)	(17,911)	(36,533)	(31,105)	(4,608)	(127,259)
Net Exposure	10,621	2,184,446	42,760	215,135	21,468	39,208	14,427	2,528,065

Notes 1 to 39 are part of the consolidated and separate financial statements.

(*) Unaudited / unrevised by the financial auditor.

Page 23 from 47

The structure of the Bank's loan portfolio classified by credit quality is as follows:

	31 March 2025
	Stage 1		Stage 2		Stage 3
Thousand RON	Individual	Collective	Individual	Collective	Individual	Collective	POCI	Total
Performing loans	19,136	2,228,639	49,785	211,408	-	-	12,488	2,521,456
Non-performing loans	-	-	-	-	58,972	50,720	5,987	115,679
Total gross exposure	19,136	2,228,639	49,785	211,408	58,972	50,720	18,475	2,637,135
Less: Provision for loan impairment	(386)	(32,626)	(6,572)	(12,728)	(35,739)	(23,157)	(4,566)	(115,774)
Net Exposure	18,750	2,196,013	43,213	198,680	23,233	27,563	13,909	2,521,361

	31 December 2024
	Stage 1		Stage 2		Stage 3
Thousand RON	Individual	Collective	Individual	Collective	Individual	Collective	POCI	Total
Performing loans	16,562	2,080,801	47,922	207,328	-	-	12,738	2,365,351
Non-performing loans	-	-	-	-	58,001	51,244	6,297	115,542
Total gross exposure	16,562	2,080,801	47,922	207,328	58,001	51,244	19,035	2,480,893
Less: Provision for loan impairment	(273)	(28,938)	(5,162)	(15,136)	(36,533)	(22,833)	(4,608)	(113,483)
Net Exposure	16,289	2,051,863	42,760	192,192	21,468	28,411	14,427	2,367,410

Notes 1 to 39 are part of the consolidated and separate financial statements.

(*) Unaudited / unrevised by the financial auditor.

Page 24 from 47

Information about Group's collaterals is as follows:

	31 March 2025
Thousand RON	SME loans	Consumer loans	Entreprenours loans	Mortgage loans	State and municipal organizations	Total
Unsecured loans(*)	289,164	228,304	79,422	1,115	-	598,005
Loans guaranteed by third parties, including credit
insurance	433,778	59	204,890	3,449	-	642,176
Loans collateralized by:	1,215,760	15,812	55,422	294,741	13,273	1,595,008
- residential real estate	150,991	13,737	12,662	288,732	-	466,122
- other real estate	854,016	1,454	31,449	5,934	-	892,853
- cash collateral	23,579	621	404	75	-	24,679
- other assets	187,174	-	10,907	-	13,273	211,354
Total loans and advances to customers	1,938,702	244,175	339,734	299,305	13,273	2,835,189

	31 December 2024
Thousand RON	SME loans	Consumer loans	Entreprenours loans	Mortgage loans	State and municipal organizations	Total
Unsecured loans(*) Loans guaranteed by third parties, including credit	224,457	217,389	66,352	1,425	-	509,623
insurance	385,462	82	182,424	3,852	-	571,820
Loans collateralized by:	1,179,455	16,654	61,372	302,209	14,191	1,573,881
- residential real estate	120,408	14,141	6,360	296,193	-	437,102
- other real estate	846,710	1,792	36,829	5,935	-	891,266
- cash collateral	18,150	721	418	81	-	19,370
- other assets	194,187	-	17,765	-	14,191	226,143
Total loans and advances to customers	1,789,374	234,125	310,148	307,486	14,191	2,655,324

Notes 1 to 39 are part of the consolidated and separate financial statements.

(*) Unaudited / unrevised by the financial auditor.

Page 25 from 47

NOTES TO THE INTERIM CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE PERIOD ENDED AT 31

MARCH 2025 (All amounts are in Thousand RON)

Information about Bank's collaterals is as follows:

	31 March 2025
Thousand RON	SME loans	Consumer loans	Entreprenours loans	Mortgage loans	State and municipal organizations	Total
Unsecured loans(*)	285,631	228,302	28,444	1,115	-	543,492
Loans guaranteed by third parties, including credit
insurance	413,229	59	83,939	3,449	-	500,676
Loans collateralized by:	1,222,102	15,812	47,039	294,741	13,273	1,592,967
- residential real estate	146,842	13,737	10,334	288,732	-	459,645
- other real estate	850,793	1,454	28,737	5,934	-	886,918
- cash collateral	38,165	621	404	75	-	39,265
- other assets	186,302	-	7,564	-	13,273	207,139
Total loans and advances to customers	1,920,962	244,173	159,422	299,305	13,273	2,637,135

Thousand RON	31 December 2024
	SME loans	Consumer loans	Entreprenours loans	Mortgage loans	State and municipal organizations	Total
Unsecured loans(*)	222,511	217,390	23,510	1,425	-	464,836
Loans guaranteed by third parties, including credit
insurance	366,544	82	71,721	3,852	-	442,199
Loans collateralized by:	1,186,110	16,654	54,694	302,209	14,191	1,573,858
- residential real estate	116,218	14,141	4,512	296,193	-	431,064
- other real estate	843,636	1,792	34,854	5,935	-	886,217
- cash collateral	32,853	721	418	81	-	34,073
- other assets	193,403	-	14,910	-	14,191	222,504
Total loans and advances to customers	1,775,165	234,126	149,925	307,486	14,191	2,480,893

*Unsecured loans represents exposures or part of exposures that are not covered by the market value of collaterals for collateral types deductible, according to IFRS9 provisioning methodology.

Notes 1 to 39 are part of the consolidated and separate financial statements.

(*) Unaudited / unrevised by the financial auditor.

Page 26 from 47

17. INVESTMENTS IN DEBT INSTRUMENTS AT AMORTIZED COST

Thousand RON	31 March 2025	Group 31 December 2024	31 March 2025	Bank 31 December 2024
Treasury bills issued by the Ministry of Public Finance of Romania Bonds issued by LIBRA INTERNET BANK S.A. Bonds issued by Bucharest City Hall	339,112 15,182 10,608	354,044 15,009 10,420	339,112 15,182 10,608	354,044 15,009 10,420
Total	364,902	379,473	364,902	379,473

An amount of RON 27,137 thousand representing Treasury bills issued by the Ministry of Finance of Romania represents collateral for the loan of EUR 12,500 thousand received by the Bank from the European Investment Bank.

18. INVESTMENT PROPERTY

		Group	Bank
Thousand RON	31 March 2025	31 December 2024	31 March 2025	31 December 2024
Balance at 1 January (Sales)	90,210 -	90,358 (895)	90,210 -	90,358 (895)
Net gain / (loss) from revaluation of investment property	-	262	-	262
Value increases	-	485	-	485
Balance at the end of the period	90,210	90,210	90,210	90,210

19. INVESTMENTS IN SUBSIDIARIES

The structure of investments in subsidiaries is as follows:

Thousand RON	31 March 2025			31 December 2024
Subsidiary name	Gross value	Impairment adjustments	Net value	Gross value	Impairment adjustments	Net value
Patria Credit IFN	38,522	-	38,522	38,522	-	38,522
SAI Patria Asset Management S.A.	1,774	-	1,774	1,774	-	1,774
Carpatica Invest S.A.	6,807	(6,807)	-	6,807	(6,807)	-
Total	47,103	(6,807)	40,296	47,103	(6,807)	40,296

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 27 from 47

20. OTHER FINANCIAL ASSETS

		Group	Bank
Thousand RON	31 March 2025	31 December 2024	31 March 2025	31 December 2024
Amounts to be recovered from banks and clients	4,262	3,784	4,262	3,784
Other financial assets	21,133	26,155	20,977	26,007
Derivative financial instruments	-	434	-	434
Other debtors	7,772	9,257	7,337	8,613
Subleases	-	-	364	411
(-) Provisions for impairment losses	(5,996)	(6,912)	(5,979)	(6,895)
Total	27,171	32,718	26,961	32,354

21. OTHER ASSETS

		Group	Bank
	31 March	31 December	31 March	31 December
Thousand RON	2025	2024	2025	2024
Sundry debtors	211	194	203	193
Prepayments	10,120	5,012	9,972	4,959
Income tax to recover	-	-	-	-
Other assets	1,236	1,235	1,231	1,232
Total	11,567	6,441	11,406	6,384

22. INTANGIBLE ASSETS

Thousand RON	31 March 2025	Group 31 December 2024	31 March 2025	Bank 31 December 2024
Goodwill Other intangible assets	20,103 38,016	20,103 36,673	20,103 32,435	20,103 31,440
Total	58,119	56,776	52,538	51,543

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 28 from 47

The cost movements of intangible assets and amortisation are the following:

		Group	Bank
Thousand RON	31 March 2025	31 December 2024	31 March 2025	31 December 2024
Balance at 1 January	123,959	113,291	113,035	104,407
Acquisitions	8,928	19,570	8,436	17,371
-transfers from intangible assets in progress	5,467	8,902	5,467	8,743
Release of intangible assets in progress	(5,467)	(8,902)	(5,467)	(8,743)
Balance at the end of the period	127,420	123,959	116,004	113,035
Cumulative amortisation
Balance at 1 January	67,183	58,911	61,492	53,691
Amortisation and impairment expense	2,080	8,122	1,974	7,801
Expense with acquisition clients list and brand	38	150	-	-
Balance at the end of the period	69,301	67,183	63,466	61,492
Net carrying amount
Balance at 1 January	56,776	54,380	51,543	50,716
Balance at the end of the period	58,119	56,776	52,538	51,543

23. PREMISES AND EQUIPMENT

			Group 31 March 2025
Thousand RON	Land and buildings	Furniture and equipment	Means of transport	Assets in the course of construction	Total
Cost
Balance at 1 January	120,694	65,939	6,767	270	193,670
Acquisitions and transfers from assets under construction	216	922	-	866	2,004
Outflows, transfer from assets under construction, writte-offs	-	-	-	(1,119)	(1,119)
Right of use - new contracts	2,833	-	-	-	2,833
Right of use (early termination of lease contracts)	-	-	(1,488)	-	(1,488)
Balance at 31 March	123,743	66,861	5,279	17	195,900
Cumulative depreciation
Balance at 1 January	52,248	53,055	3,314	-	108,617
Amortization expense	3,199	979	320	-	4,498
Impairment expense	-	149	-	-	149
Outflows	(269)	-	(517)	-	(786)
Balance at 31 March	55,178	54,183	3,117	-	112,479
Net carrying amount
Balance at 1 January	68,446	12,884	3,453	270	85,053
Balance at 31 March	68,565	12,678	2,162	17	83,420

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 29 from 47

	Group 31 December 2024
Thousand RON	Land and buildings	Furniture and equipment	Means of transport	Assets in the course of construction	Total
Cost
Balance at 1 January	117,425	64,727	5,483	465	188,100
Acquisitions and transfers from assets under construction	(4,365)	4,959	297	6,011	6,902
Outflows, transfer from assets under construction, writte-offs	-	(3,931)	-	(6,206)	(10,137)
Right of use - new contracts	8,079	829	987	-	9,895
Right of use (early termination of lease contracts)	(445)	(645)	-	-	(1,090)
Balance at 31 December	120,694	65,939	6,767	270	193,670
Cumulative depreciation
Balance at 1 January	43,820	54,197	1,425	-	99,442
Amortization expense	9,842	3,461	1,889	-	15,192
Impairment expense	-	(342)	-	-	(342)
Outflows	(1,414)	(4,261)	-	-	(5,675)
Balance at 31 December	52,248	53,055	3,314	-	108,617
Net carrying amount
Balance at 1 January	73,605	10,530	4,058	465	88,658
Balance at 31 December	68,446	12,884	3,453	270	85,053

Bank 31 March 2025

Thousand RON	Land and buildings	Furniture and equipment	Means of transport	Assets in the course of construction	Total
Cost
Balance at 1 January	118,163	65,067	4,982	248	188,460
Acquisitions and transfers from assets under construction	216	895	-	866	1,977
Outflows, transfer from assets under construction, writte-offs	-	-	-	(1,111)	(1,111)
Right of use - new contracts	1,537	-	-	-	1,537
Right of use (early termination of lease contracts)	(274)	-	-	-	(274)
Balance at 31 March	119,642	65,962	4,982	3	190,589
Cumulative depreciation
Balance at 1 January	51,075	52,374	2,518	-	105,967
Amortization expense	2,506	951	320	-	3,777
Impairment expense	-	149	-	-	149
Outflows	(269)	-	-	-	(269)
Balance at 31 March	53,312	53,474	2,838	-	109,624
Net carrying amount
Balance at 1 January	67,088	12,693	2,464	248	82,493
Balance at 31 March	66,330	12,488	2,144	3	80,965

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 30 from 47

Thousand RON	Bank 31 December 2024
	Land and buildings	Furniture and equipment	Means of transport	Assets in the course of construction	Total
Cost
Balance at 1 January	115,612	63,558	5,012	465	184,647
Acquisitions and transfers from assets under construction	(4,365)	4,959	-	5,989	6,583
Outflows, transfer from assets under construction, writte-offs	-	(3,634)	-	(6,206)	(9,840)
Right of use - new contracts	8,079	829	(30)	-	8,878
Right of use (early termination of lease contracts)	(1,163)	(645)	-	-	(1,808)
Balance at 31 December	118,163	65,067	4,982	248	188,460
Cumulative depreciation
Balance at 1 January	42,935	53,309	1,211	-	97,455
Amortization expense	9,554	3,461	1,307	-	14,322
Impairment expense	-	(135)	-	-	(135)
Outflows	(1,414)	(4,261)	-	-	(5,675)
Balance at 31 December	51,075	52,374	2,518	-	105,967
Net carrying amount
Balance at 1 January	72,677	10,249	3,801	465	87,192
Balance at 31 December	67,088	12,693	2,464	248	82,493

24. DUE TO OTHER BANKS

Thousand RON	31 March 2025	Group 31 December 2024	31 March 2025	Bank 31 December 2024
Sight deposits	50,008	-	50,008	-
Term deposits	127,777	-	127,777	-
Collateral deposits	-	-	-	-
Transitory amounts	13,877	4,905	13,877	4,905
Total	191,662	4,905	191,662	4,905

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 31 from 47

25. CUSTOMER DEPOSITS

		Group	Bank
Thousand RON	31 March 2025	31 December 2024	31 March 2025	31 December 2024
Retail customers
Payable on demand	318,693	329,498	318,693	329,498
Term deposits	1,732,665	1,763,492	1,732,665	1,763,492
Collateral deposits	2,506	2,508	2,506	2,508
Corporate customers
Current accounts	272,001	309,836	276,147	313,210
Sight deposits	127,585	58,915	127,585	73,915
Term deposits	1,069,142	1,077,451	1,077,944	1,087,208
Collateral deposits	97,641	97,309	117,110	116,602
Amounts in transit	13,084	15,768	13,084	15,760
Total	3,633,317	3,654,777	3,665,734	3,702,193

Risk concentrations by economic sectors within the deposits from customers portfolio were as follows:

Thousands RON	Bank
		31 March 2025	31 December 2024
	Amount	Percentage of total deposits(%)	Amount	Percentage of total deposits(%)
Retail customers	2,053,864	56.03	2,095,498	56.60
Corporate customers	1,411,565	38.51	1,421,151	38.39
Financial and real estate activities	163,521	4.46	433,388	11.71
Industry	272,638	7.44	99,660	2.69
Others	365,821	9.98	97,917	2.64
Constructions	118,826	3.24	156,603	4.23
IT, research and development	766	0.02	8,133	0.22
Trade	82,923	2.26	92,415	2.50
Transport	52,038	1.42	95,298	2.57
Professional Services	19,755	0.54	29,041	0.78
Services	259,756	7.09	317,176	8.57
Agriculture	64,485	1.76	67,645	1.83
Hotels and restaurants	11,036	0.30	23,875	0.64
Public Administration and Defense	200,305	5.46	185,544	5.01
Total	3,665,734	100.00	3,702,193	100.00

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 32 from 47

26. LOANS FROM BANKS AND OTHER FINANCIAL INSTITUTIONS

		Group	Bank
Thousand RON	31 March 2025	31 December 2024	31 March 2025	31 December 2024
Financing name
EFSE - European Fund for Southeast Europe (i)	28,627	13,653	-	-
First Bank S.A.(ii)	16,919	21,459	-	-
Raiffeisen Bank S.A. (iii)	8,027	10,616	-	-
Symbiotics Sicav (Lux.) (iv)	26,916	28,485	-	-
Casa de Economii si Consemnatiuni (v)	29,612	29,576	-	-
Council of Europe Development Bank (vi)	25,050	25,068	-	-
Redi Economic Development S.A.(vii)	4,977	4,974	-	-
Cardano Impact Financial Inclusion Fund (viii)	15,005	14,986	-	-
International Finance Corporation (IFC) (ix)	75,514	74,344	75,514	74,344
European Investment Bank (EIB) (x)	62,653	62,204	62,653	62,204
Total	293,300	285,365	138,167	136,548

(i) European Fund for Southeast Europe (EFSE)

The Group has in progress 2 financing contracts with EFSE - European Fund for Southeast Europe concluded in December 2022 and November 2024 in the amount of RON 9,750 thousand and respectively RON 27,750 thousand with the final maturity on December 15, 2025 and October 30, 2028 respectively. The remaining amount of payment as of March 31 th, 2025 is RON 28,650 thousand.

(ii) First Bank S.A.

The Group has in progress 2 loan facilities from First Bank concluded in February 2022 in the amount of RON 22,800 thousand with a maturity of February 2024 and in March 2023 in the amount of RON 6,400 thousand and with a maturity of September 2027. In February 2025 the due date for the loan facility of 22,800 thousand RON was extended until 10.05.2025.

The remaining amount of payment as of March 31 th, 2025 is RON 16,953 thousand.

(iii) Raiffeisen Bank S.A.

Starting from May 2018, the Group has a loan facility from Raiffeisen Bank S.A. Starting with July 2023, the Group obtained an increase in the credit facility up to the value of 20,000 thousand lei, due on 31.07.2026. The remaining amount of payment as of March 31 th , 2025 is RON 8,027 thousand.

(iv) Symbiotics Sicav (Lux.)

The Group has in progress 9 loan facilities concluded with Symbiotics for a total amount of RON 35,950 thousand with final maturities of June 2025, March 2026, August 2027, respectively. The total outstanding loan from Symbiotics as of March 31 th, 2025 is RON 26,916 thousand.

(v) CEC Bank S.A.

The Group has in progress a loan facility from CEC Bank S.A. with a maximum ceiling of RON 29,700 thousand and maturity on October 23, 2025.

The remaining amount of payment as of March 31 th, 2025 is RON 29,612 thousand.

(vi) Council of Europe Development Bank

In September 2024, the Group obtained a new loan facility from Council of Europe Development Bank in amount of EUR 5.000 thousand with a grace period of 2 years and final maturity on January 2031. The remaining amount of payment as of March 31 th, 2025 is RON 25,050 thousand.

(vii) Redi Economic Development S.A.

In February 2023, the Group obtained a new loan facility from Redi Economic Development SA in amount EUR 1,000 thousand and final maturity on 28 February 2028.

The total outstanding loan from Redi Economic Development S.A as of March 31 th, 2025 is RON 4,977 thousand.

(viii) Cardano Impact Financial Inclusion Fund (I).

In December 2023, the Group obtained a new loan facility from the Cardano Impact Financial Inclusion Fund (I) worth 3,000 thousand euros and with the final maturity on 21 December 2026. The remaining amount of payment as of March 31 th, 2025 is RON 15,005 thousand.

(ix) International Finance Corporation

In December 2022, the Bank obtained from the International Finance Corporation (IFC), a loan worth EUR 20 million for a period of 5 years with repayment in 8 equal semi-annual installments. The total outstanding loan from International Finance Corporation as of March 31 th, 2025 is RON 75,514 thousand.

(x) European Investment Bank (EIB)

In July 2024, the Bank signed a loan contract with European Investment Bank (EIB), a loan worth EUR 50,000 thousand for a period of 10 years, with maximum of 4 thranches of disbursement and reimbursement conditions of equal instalments of EUR 600 thousand every 6 months. The Bank executed the 1st Tranche on the December 27th 2024 in the amount of EUR 12,500 thousand.

The total outstanding loan from European Investment Bank at 31 March 2025 is RON 62,653 thousand.

The loans from international financial institutions are unsecured credit facilities, arranged under negative pledge, pari passu clauses. According to each loan agreement, the Group shall all time comply with a set of financial undertakings (covenants).

As of March 31 th 2025, the Group is in compliance with all financial covenants contained in the loan agreements.

27. OTHER FINANCIAL LIABILITIES

	Group		Bank
Thousand RON	31 March 2025	31 December 2024	31 March 2025	31 December 2024
Financial liabilities to owners of fund units	6,677	7,377	-	-
Derivative financial instruments	635	-	635	-
Other financial liabilities	48,114	48,635	45,606	46,137
Lease liabilities	27,281	28,625	25,387	26,640
Total	82,707	84,637	71,628	72,777

28. PROVISIONS

Thousand RON	31 March 2025	Group 31 December 2024	31 March 2025	Bank 31 December 2024
Provisions for loan commitments and financial guarantees	2,708	2,997	2,627	2,992
Provisions for personnel expenses	5,015	4,669	3,638	3,472
Provisions for litigations	2,649	2,679	2,643	2,672
Other provisions	2,784	1,702	2,782	1,700
Total	13,156	12,047	11,690	10,836

The provision for credit commitments represents the specific provisions calculated for losses on financial

guarantees or credit commitments for customers whose financial situation has deteriorated.

Personnel expenses provision relates to accruals for untaken holidays, the restructuring provision, the provision regarding the employees' participation in the profit as well as the related taxes.

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 35 from 47

29. OTHER LIABILITIES

	Group		Bank
	31 March	31 December	31 March	31 December
Thousand RON	2025	2024	2025	2024
Other liabilities	4,484	293	4,200	247
State budget debts	5,205	4,359	4,634	3,718
Other income to be received	1,322	769	1,363	770
Income tax to recover	2,459	594	2,130	210
Total	13,470	6,015	12,327	4,945

30. SUBORDINATED DEBTS

	Group		Bank
Thousand RON	31 March 2025	31 December 2024	31 March 2025	31 December 2024
Balance at 1 January New subordinated liabilities	84,487 -	94,488 -	59,391 -	69,385 -
Repayments &FX differences	564	(10,001)	434	(9,994)
Balance at the end of the period	85,051	84,487	59,825	59,391

The Group has the following outstanding subordinated loans as 31 March 2025 and 31 December 2024:

• − EUR 7,000 thousand representing subordinated loan granted by The European Fund for Southeast Europe S.A., SICAV-SIF ("EFSE") with interest rate EURIBOR 3M + 6,15% p.a. and maturity of 7 years (12.11.2029). The loan contract was signed on 4.11.2022 and the disbursement date was 11.11.2022. According to NBR approval letter No VI/3/19274/14.12.2022 this loan is included in Tier 2 capital.
• − EUR 5,000 thousand representing subordinated loan granted by The European Investment Fund ("EIF") with interest rate EURIBOR 3M + 3% p.a. and maturity of 10 years (26.05.2033). The loan contract was signed on 27.04.2023 and the disbursement date was 26.05.2023. According to NBR approval letter No VI/3/10260/22.06.2023 this loan is included in Tier 2 capital.
• − RON 10,000 thousand loan granted to Patria Credit IFN by EIF in 2019 with EURIBOR interest 6M + 3,00% p.a., maturity 13.06.2029;
• − RON 15,000 thousand loan granted to Patria Credit IFN by EIF in 2023 with ROBOR interest 3M + 3.25% p.a., maturity 28.06.2033.

In November 2024 the Bank repaid at maturity the subordinated loan in amount of EUR 2,000 thousand granted to the Bank by Mr. Horia Manda, Chairman of the Board of Directors of Patria Bank S.A in 2017.

31. DEBT SECURITIES IN ISSUE

	Group		Bank
Thousand RON	31 March 2025	31 December 2024	31 March 2025	31 December 2024
Debt securities in issue	64,593	65,557	64,593	65,557
Balance at 31 December	64,593	65,557	64,593	65,557

As of 31 March 2025 and 31 December 2024, the Group has 2 debt securities in issues as follows:

• EUR 5,000 thousand represent debd securities in issue placed through a private placement on the capital market, with the issue date of September 20, 2019 and an 8-year maturity, fixed interest rate of 6.50% / year.
• EUR 8,187 thousand represent debt securities in issue placed through a private placement on the capital market, with the issue date of October 05, 2020 and an 8-year maturity, fixed interest rate of 6.50% / year.

The Debt securities in issue are included in Patria Bank's Tier 2 Capital following the National Bank of Romania approval (October 26, 2020 for the debt isseued in 2020 and October 10, 2019 for the debt issued in 2019)

32. SHARE CAPITAL AND EQUITY PREMIUMS

Thousand RON	Group 31 March 2025	31 December 2024	Bank 31 March 2025	31 December 2024
Share Capital according to Trade Register	327,881	327,881	327,881	327,881
Other adjustments of the Share Capital	2,250	2,250	2,250	2,250
Share premium	2,050	2,050	2,050	2,050
Share capital under IFRS	332,181	332,181	332,181	332,181

The main shareholders are presented below:

	31 March 2025		31 December 2024
	Number of shares Patria Bank	Percentage of ownership (%)	Number of shares Patria Bank	Percentage of ownership (%)
Name of the shareholder
EEAF Financial Services B.V.	2,755,927,215	84.05	2,755,927,215	84.05
Individuals	420,066,232	12.81	460,113,420	14.03
Legal entities	102,820,929	3.13	62,773,741	1.92
Total	3,278,814,376		3,278,814,376	100.00
		100.00

(*)No individual holds more than 10% of the shares.

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 37 from 47

33. EARNINGS PER SHARE

	31 March 2025	31 December 2024
Number of shares at the beginning of the period	3,278,814,376	3,278,814,376
Number of shares at the end of the period	3,278,814,376	3,278,814,376

Earnings per share are calculated by dividing the net result by the weighted average number of ordinary shares issued, as follows:

Group
31 March 2025	No. of shares in movement	No. days
No. of shares 01.01.2025-31.03.2025	3,278,814,376	90
Average no. of shares	3,278,814,376	90
Result of the period at 31.03.2025	12,677,685
Profit per share (RON/share)	0.0039
31 March 2025	No. of shares in movement	No. days
No. of shares 01.01.2024-31.03.2024	3,278,814,376	91
Average no. of shares	3,278,814,376	91
Result of the period at 31.03.2024	10,534,033
Profit per share (RON/share)	0.0032
Bank
31 March 2025	No. of shares in movement	No. days
No. of shares 01.01.2025-31.03.2025	3,278,814,376	90
Average no. of shares	3,278,814,376	90
Result of the period at 31.03.2025	10,056,095
Profit per share (RON/share)	0.0031
31 March 2025	No. of shares in movement	No. days
No. of shares 01.01.2024-31.03.2024	3,278,814,376	91
Average no. of shares	3,278,814,376	91
Result of the period at 31.03.2024	8,134,835

Profit per share (RON/share) 0.0025

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 38 from 47

34. SEGMENT ANALYSIS

The disclosure Segment Reporting as required by IFRS 8 is presented only on the elements of the Statement of Financial Position for:

• Loans and advances to customers (Note 16);
• Customer deposits (Note 25) in line with internal reporting for decision makers.

Considering the following criteria the Bank does not report a full disclosure for Segment Reporting:

• No internal reporting for decision makers related the profitability per segments;
• No clients that generates at individual level more 10% from Banks's total banking income ;
• No geographical segments defined (foreign jurisdictions), insignificant exposures granted to foreign customers;
• No transfer pricing allocation defined internally for profitability per segments.

35. RESERVES

		Group	Bank
Thousand RON	31 March 2025	31 December 2024	31 March 2025	31 December 2024
Reserves from revaluation of financial assets at fair value through other items of comprehensive income	(11,854)	(12,721)	(11,853)	(12,721)
Revaluation reserve for premises	23,118	23,170	21,409	21,461
Statutory legal reserve	19,617	19,617	18,301	18,301
Other Reserves	14,678	14,678	14,678	14,678
Total	45,559	44,744	42,535	41,719

Statutory legal reserves

Statutory reserves represent accumulated transfers from retained earnings in accordance with relevant local regulations. These reserves are not distributable. Local legislation requires 5% of the Group's and its subsidiaries net statutory profit to be transferred to a non-distributable statutory reserve until such time this reserve represents 20% of the statutory share capital.

Reserves for general banking risks include amounts set aside in accordance with the Banking legislation and are separately disclosed as appropriations of statutory profit. These reserves are not distributable. According to the Romanian legislation in force the reserves for general banking risks were set aside starting with 2004 financial year until the end of the 2006 financial year.

36. COMMITMENTS AND CONTINGENCIES

Credit related commitments

The primary purpose of these instruments is to ensure that funds are available to a customer as required. Guarantees and standby letters of credit, which represent irrevocable assurances that the Group will make payments in the event that a customer cannot meet its obligations to third parties, carry the same credit risk as loans. Documentary and commercial letters of credit, which are written undertakings by the Group under specific terms and conditions, are collateralised by the underlying shipments of goods to which they relate or cash deposits and, therefore, carry less risk than a direct borrowing.

Commitments to extend credit represent unused portions of authorisations to extend credit in the form of loans, guarantees or letters of credit. With respect to credit risk on commitments to extend credit, the Group is potentially exposed to loss in an amount equal to the total unused commitments, if the unused amounts were to be drawn down. However, the likely amount of loss is less than the total unused commitments since most commitments to extend credit are contingent upon customers maintaining specific credit standards. The Group monitors the term to maturity of credit related commitments, because longer-term commitments generally have a greater degree of credit risk than shorter-term commitments.

Outstanding loan commitments have a commitment period that does not extend beyond the normal underwriting and settlement period.The Group provides also letter of guarantees and letters of credit on behalf of the customers. The contractual amounts of commitments and contingent liabilities are set out in the following table by category. Many of the contingent liabilities and commitments expire without being funded in whole or in part, therefore, the amounts do not represent expected future cash flows.

The amounts reflected in the table as commitments assume that amounts are fully advanced. The amounts reflected in the table as guarantees and letters of credit represent the maximum accounting loss that would be recognized at the balance sheet date if counterparties failed completely to perform as contracted.

For provisions for credit related commitments refer to Note 28.

Provision methodology for computing expected credit loss for credit commitments is the same as for the on balance exposures , the only difference being the credit conversion factor applied for transforming the undrawn. In Regarding the CCF component, the Bank decided to use the regulatory CCFs.

Commitments related to credits

Thousand RON	31 March 2025	Group 31 December 2024	31 March 2025	Bank 31 December 2024
Letters of guarantees Commitments of granted credits	319,510 447,489	329,202 405,837	319,510 448,246	329,202 405,557
Total	766,999	735,039	767,756	734,759

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 40 from 47

Transfer pricing

Romanian tax legislation includes the arm's length principle according to which transactions between related parties should be carried out at market value. Local taxpayers engaged in related party transactions have to prepare and make available upon the written request of the Romanian Tax Authorities their transfer pricing documentation file.

Failure to present the transfer pricing documentation file, or presenting an incomplete file, may lead to noncompliance penalties; additionally, notwithstanding the contents of the transfer pricing documentation, the tax authorities may interpret the facts and transactions differently from management and impose additional tax liabilities resulting from transfer price adjustments. Despite the fact that the tax authorities might challenge the implementation of the transfer pricing requirements by the Group, the Group's management believes that will not suffer losses in case of a fiscal inspection on the subject of transfer prices.

However, the impact of any change of the tax authorities can't be estimated reliably. It may be significant for the financial situation and / or the overall operations of the entity.

Litigations

At 31 March 2025, the provision for litigation, in which the Group is involved as defendant is in amount of RON 1,459 thousand (31 December 2024: RON 1,449 thousand).

The management of the Group considers that they will have no material adverse effect on the results and the financial position.

Provisions for litigations are made mainly for disputes that concern the actions of borrower's private individuals, by requesting cancellation of clauses deemed unfair in credit agreements.

Carpatica Invest SA (undergoing dissolution)

The criminal case no. 19883/3/2017 * a1, in which Carpatica Invest S.A. had the quality of defendant together with former employees of the Company, accused of committing offences against the law on the capital market (Law no. 297/2004), was registered with the Bucharest Court, and measures was ordered to secure the assets of the defendants, including the assets of Carpatica Invest.

In the criminal case no.19883/3/2017* of the Bucharest Court, the following first-instance decision was pronounced (Decision no. 79/2022 of 28.01.2022): conviction of the defendants, as well as the maintenance of the security measures instituted by the orders in the course of the criminal prosecution (seizure), which concern the assets of the defendants, including those of Carpatica Invest. Appeals were lodged against the decision by several parties.

The Court of Appeal (Bucharest Court of Appeal) issued the decision on 06.04.2023, and dismissed the criminal case against Carpatica Invest regarding the criminal offences (as a consequence of the fulfillment of the time limit prescribed by the criminal law.

The insolvency procedure that is the subject of file 2127/85/2016 at the Sibiu Court is ongoing, several hearings being granted in the file, for the solution of criminal file no. 19883/3/2017*a1, and after its solution, for the conduct of specific procedures, for the realization of the debtor's assets and for the settlement of the associated files (appeal against the final debts report). The next hearing in the file is on 19.06.2025, for the continuation of the procedure in order to settle the associated files.

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 41 from 47

37. RELATED PARTY TRANSACTIONS

Parties are generally considered to be related if the parties are under common control, or one party has the ability to control the other party or can exercise significant influence over the other party in making financial or operational decisions. In considering each possible related party relationship, attention is directed to the substance of the relationship, not merely the legal form.

The Group entered into a number of transactions with its related parties in the normal course of business. These transactions were carried out in the normal course of business on commercial terms and conditions and at market rates.

The Group performed related party transactions during period ended March 31 th 2025 with EEAF Financial Services B.V. (immediate parent), the members of the Board of Directors, the members of the Executive Management and Bank's employees that hold key-functions.

EEAF Financial Services B.V.(EEAFSBV) is owned and fully controlled by Emerging Europe Accesion Fund Cooperatief UA.

NOTES TO THE INTERIM CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE PERIOD ENDED AT 31

MARCH 2025 (All amounts are in Thousand RON)

The Group's income and expenses items with related parties are as follows:

	31 March 2025			31 March 2024
Thousand RON	Immediate parent company	Other affiliated entities	Key personnel	Other affiliated parties	Immediate parent company	Other affiliated entities	Key personnel	Other affiliated parties
Interest and similar income calculated using the effective interest rate	-	-	5	353	-	-	1	378
Interest and similar expense	-	-	(23)	(13)	-	-	(21)	(11)
Fee and commission income	-	-	1	70	-	-	-	35
Fee and commission expense	-	-	(2)	-	-	-	(1)	-
Net charge with impairment of financial assets	-	-	2	1,435	-	-	-	(2,097)
Other operating and administrative expenses	-	-	(6)	-	-	-	(7)	-
Dividends income	-	-	-	-	-	-	-	-

The Group's outstanding balances with related parties were as follows:

		31 March 2025			31 December 2024
Thousand RON	Immediate parent company	Other affiliated entities	Key personnel	Other affiliated parties	Immediate parent company	Other affiliated entities	Key personnel	Other affiliated parties
Financial Assets
Financial asset evaluated at fair value through other comprehensive income	-	2,187	-	-	-	2,187	-	-
Loans and advances to customers	-	-	966	15,256	-	-	1,032	12,139
Other financial assets	-	-	-	0	-	-	-	-
Liabilities
Deposits from customers	69	-	3,880	5,021	69	-	9,631	5,138
Subordinated liabilities	-	-	-	-	-	-	179	-
Provisions	-	-	-	16	-	-	1	21
Other financial liabilities	-	-	-	-	-	-	-	4
Commitments to customers	-	-	152	14,316	-	-	180	14,994

Notes 1 to 39 are part of the consolidated and separate financial statements.

(*) Unaudited / unrevised by the financial auditor.

Page 43 from 47

NOTES TO THE INTERIM CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE PERIOD ENDED AT 31

MARCH 2025 (All amounts are in Thousand RON)

The Bank's income and expenses items with related parties are as follows:

			31 March 2025		31 March 2024
Thousand RON	Immediate parent company	Other affiliated entities	Key personnel	Subsidiaries	Other affiliated parties	Immediate parent company	Other affiliated entities	Key personnel	Subsidiaries	Other affiliated parties
Interest and similar income calculated using the effective interest rate	-	-	5	259	353	-	-	1	143	378
Interest and similar expense	-	-	(23)	(56)	(13)	-	-	(21)	(20)	(11)
Fee and commission income	-	-	1	9	70	-	-	-	7	35
Fee and commission expense	-	-	(2)	-	-	-	-	(1)	-	-
Net gain/(loss) from financial assets at fair value through profit or loss	-	-	-	239	-	-	-	-	484	-
Net charge with impairment of financial assets	-	-	2	-	1,435	-	-	-	-	(2,097)
Other operating and administrative expenses	-	-	(6)	-	-	-	-	(7)	-	-
Depreciation and amortization	-	-	-	(42)	-	-	-	-	(42)	-
Dividends income	-	-	-	-	-	-	-	-	-	-

The Bank's outstanding balances with related parties were as follows:

	31 March 2025						31 December 2024
Thousand RON	Immediate parent company	Other affiliated entities	Key personnel	Subsidiaries	Other affiliated parties	Immediate parent company	Other affiliated entities	Key personnel	Subsidiaries	Other affiliated parties
Financial Assets
Financial asset evaluated at fair value through other comprehensive income	-	2,187	-	-	-	-	2,187	-	-	-
Financial assets at fair value through profit or loss	-	-	-	17,918	-	-	-	-	17,663	-
Loans and advances to customers	-	-	966	20,397	15,256	-	-	1,032	20,378	12,139
Investment in subsidiaries	-	-	-	40,296	-	-	-	-	40,296	-
Other financial assets Liabilities	-	-	-	364	-	-	-	-	411	-
Deposits from customers	69	-	3,880	33,394	5,021	69	-	9,631	48,458	5,138
Subordinated liabilities	-	-	-	-	-	-	-	179	-	-
Provisions	-	-	-	1	16	-	-	1	1	21
Other financial liabilities	-	-	-	-	-	-	-	-	-	4
Commitments to customers	-	-	152	4,338	14,316	-	-	180	4,208	14,994

Notes 1 to 39 are part of the consolidated and separate financial statements.

(*) Unaudited / unrevised by the financial auditor.

Page 44 from 47

38. LEASES

A. Leases as lessee (IFRS 16)

The Group leases a number of branch and office premises. The leases typically run for a period up to 10 years, with an option to renew the lease after that date. For some leases, payments are renegotiated every five years to reflect market rentals. Some leases provide for additional rent payments that are based on changes in local price indices. The Group has in place some contracts for premises that are running for a period less than one year for which the Group decided not to recognize right-of-use assets and lease liabilities.

The Group also leases IT equipment, ATMs and cars with contract terms up to five years for which the Group recognise right-of-use assets and lease liabilities.

Previously, these leases were classified as operating leases under IAS 17.

Right-of-use assets relate to leased branch and office premises that are presented within property and equipment (see Note 23).

Information about leases for which the Group is a lessee is presented below:

Thousand RON		Group 31 March 2025	Group 31 December 2024
	Land and buildings	Equipments	Cars	Total	Land and buildings	Equipments	Cars	Total
Right of use at 1 January	53,400	8,915	5,325	67,640	45,766	8,731	4,338	58,835
New contracts during the period	2,833	-	-	2,833	8,079	829	987	9,895
Contracts closed during the period	-	-	(1,488)	(1,488)	(445)	(645)	-	(1,090)
Balance at the end of the period	56,233	8,915	3,837	68,985	53,400	8,915	5,325	67,640
Depreciation at 1 January	34,363	3,952	1,884	40,199	28,017	2,934	293	31,244
Expenses with depreciation during the period	2,383	424	320	3,127	6,346	1,663	1,591	9,600
Depreciation for contrats closed during the period	-	-	(520)	(520)	-	(645)	-	(645)
Balance at the end of the period	36,746	4,376	1,684	42,806	34,363	3,952	1,884	40,199
Balance at 1 January	19,037	4,963	3,441	27,441	17,749	5,797	4,045	27,591
Balance at the end of the period	19,487	4,539	2,153	26,179	19,037	4,963	3,441	27,440

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 45 from 47

Information about leases for which the Bank is a lessee is presented below:

		Bank		Bank
Thousand RON		31 March 2025
	Land and buildings	Furniture and equipment	Cars	Total	Land and buildings	Furniture and equipment	Cars	Total
Right of use at 1 January	51,267	8,599	3,837	63,703	44,351	8,415	3,867	56,634
New contracts during the period	1,537	-	-	1,537	8,079	829	(30)	8,877
Contracts closed during the period	(274)	-	-	(274)	(1,163)	(645)	-	(1,808)
Balance at the end of the period	52,530	8,599	3,837	64,966	51,267	8,599	3,837	63,703
Depreciation at 1 January	33,521	3,683	1,364	38,568	27,437	2,713	78	30,228
Expenses with depreciation during the period	1,965	412	320	2,697	7,247	1,615	1,286	10,148
Depreciation for contrats closed during the period	(269)	-	-	(269)	(1,163)	(645)	-	(1,808)
Balance at the end of the period	35,217	4,095	1,684	40,996	33,521	3,683	1,364	38,568
Balance at 1 January	17,746	4,916	2,473	25,135	16,914	5,702	3,789	26,406
Balance at the end of the period	17,313	4,504	2,153	23,971	17,746	4,916	2,473	25,135

The future minimum lease payments under non-cancellable operating leases were payable as follows:

		Group	Bank
Thousand RON	31 March 2025	31 December 2024	31 March 2025	31 December 2024
Not later than 1 year Later than 1 year and not later than 5 years More than 5 years	12,815 14,466 -	12,807 15,818 -	10,921 14,466 -	10,822 15,818 -
Total	27,281	28,625	25,387	26,640

B. Leases as lessor

The Group leases out certain property and equipment under finance leases in its capacity as a lessor. For interest income on the Group's lease receivables, see Note 4.

The following table sets out a maturity analysis of lease receivables, showing the undiscounted lease payments to be received after the reporting date.

Notes 1 to 39 are part of the consolidated and separate financial statements. (*) Unaudited / unrevised by the financial auditor. Page 46 from 47

Operating lease commitments - Group as lessor

The Group concluded rental agreements for commercial premises. The future value of the minimum revenues from operating leasing is presented in the table below:

	Group		Bank
Thousand RON	31 March 2025	31 December 2024	31 March 2025	31 December 2024
Not later than 1 year	-	-	189	190
Later than 1 year and not later than 5 years More than 5 years	- -	- -	175 -	221 -
Total	-	-	364	411

39. SUBSEQUENT EVENTS

Not the case