Optima Bank S.A.

Earnings Release • Aug 1, 2025

Results 1Η 2025

Press release | 1 August 2025

16.40%

Κεφάλαια Total capital ratio

1H 2025 key highlights

Management statement

As we reflect on our performance in the second quarter of 2025, I am proud to share that our bank has continued to deliver strong results, underpinned by our deep relationships with corporate clients and the trust of our individual depositors.

Despite a declining interest rate environment, the bank delivered a net profit of €81.1 million for the first half, up 18% year-on-year — the highest six-month earnings in our history. Q2 alone contributed €42.1 million, an all-time quarterly record and 8% above Q1.

Commercial momentum remained strong throughout the quarter. Our deposit franchise remains a core strength, supported by steady inflows from individual clients who value the hightouch service and bespoke wealth advisory solutions offered by Optima bank. Customer deposits increased by €1.5 billion, reaching €5.2 billion, a remarkable 40% increase year-onyear, reflecting the continued appeal of our offering.

We saw robust credit demand across our core sectors, particularly infrastructure, energy, and export-oriented industries, while we continued to serve our clients with tailor-made lending solutions and sector-specific expertise, maintaining a disciplined approach to capital deployment. Our newly launched leasing subsidiary is performing ahead of expectations and already proving to be a valuable strategic lever, expanding our offering and deepening client engagement.

Total loan disbursements reached €1.7 billion, the highest six-month performance in the bank's history, while net loan balances rose by €1.2 billion, totalling €4.2 billion, up 39% versus the first half of 2024.

The quarter was also marked by two important milestones in our strategic evolution. We successfully executed our inaugural Tier 2 bond issuance, raising €150 million to further bolster our capital base and fund future growth. The 11x oversubscription not only speaks to the quality of our franchise but also to the confidence of the investor community in our long-term strategy and financial strength.

In parallel, we were assigned our first credit rating by Moody's, which awarded us a Ba1 longterm deposit rating with a stable outlook. This independent endorsement enhances our visibility in capital markets and lays the groundwork for a more diversified funding base going forward.

Looking ahead, we remain focused on navigating an evolving macroeconomic landscape characterized by interest rate normalization. We are confident in our ability to adapt and grow, supported by a fortified balance sheet, a loyal client base, and a clear strategic vision.

I want to express my deep appreciation to our clients for their ongoing trust, and to our people for their exceptional commitment and professionalism. Together, we are building a resilient, future-ready institution, delivering value with discipline, ambition, and purpose — for all our shareholders.

Dimitris Kyparissis CEO, Optima bank

Profitability

• 1H 2025 ΝΙΙ grew 11% YoY to €101.2mn due to 39% higher loan balances and resilient spreads
• NIM stood at 3.43% vs 4.36% in 1H 2024, mainly due to the fall of the 3m Euribor
• 2Q 2025 NIM stood at 3.47% vs 3.53% in 1Q 2025
• Net fee and commission income grew 33% YoY at €25.5mn, driven by higher loan, asset management and investment banking fees

Operating expenses were 21% higher YoY at €32.3mn (+17% on a recurring basis) due to 18% higher staff costs while G&A costs were 31% higher YoY (+11% on a recurring basis) 1H 2025 Cost to core income stood at 25.5% from 25.4% in 1H 2024

Profitability

1H 2025 cost of risk stood at 54bps compared to 52bps in the same period last year

Net profit stood at €81.1mn, 18% higher vs €69.0mn in 1H 2024

Gross loans stood at €4.25bn, an increase of 39% YoY and 7% QoQ

New disbursements in 1H 2025 stood at €1.7bn compared to €1.2bn in the same period last year, with the overwhelming majority being corporate loans

Deposits grew 40% YoY and 9% QoQ at €5.2bn

Loans to deposits ratio stood at 80.7% from 81.5% in 1H 2024. Other liquidity metrics remained robust with LCR at 271.7% and NSFR at 132.6%, while the bank retained zero ECB funding

The NPE/NPL ratios stood at 1.48% and 0.46%. NPE coverage, including collaterals stood at 149%

CET1 and Total Capital ratio, stood at 13.25% and 16.40% respectively, including the impact from the adoption of Basel 4

Financial highlights

P&L (€mn)	1H 2025	1H 2024	% change
Net interest income	101.2	91.5	11%
Net fees	25.5	19.1	33%
Trading & other income	13.6	10.9	25%
Total income	140.3	121.5	16%
Total operating expenses	-32.3	-26.6	21%
Pre-Provision income normalized	108.1	94.8	14%
Impairments	-10.7	-7.2	50%
Profit before tax	97.4	87.8	11%
Profit after tax reported	81.1	69.0	18%

Balance Sheet (€mn)

Total assets	6,250	4,529	38%
Net loans	4,190	3,029	38%
Securities	800	602	33%
Deposits	5,192	3,715	40%
Tangible equity	648	537	21%

KPIs

NIM	3.43%	4.36%
NFM	0.86%	0.91%
Cost to core income	25.5%	25.4%
Cost of risk	0.54%	0.52%
NPE ratio	1.48%	1.03%
FLB4 CAR	16.4%	15.8%
RoTE	25.8%	26.7%

Glossary - Definition of alternative performance measures (APMs)

Adjusted net profit: Net profit/loss adjusted after adding back one off expenses or deducting one off revenues
Basic earnings per share (EPS): Net profit attributable to ordinary shareholders divided by the weighted average number of shares
Common equity tier 1 (CET1): Common equity tier I regulatory capital as defined by Regulation (EU) No 575/2013 as in force. based on the transitional rules for the reported period. divided by total Risk Weighted Assets (RWA)
Core operating income: The total of net interest income. net banking fee and commission income and income from non banking services
Cost to core income ratio: Total operating expenses divided by total core operating income.
Cost to income ratio: Total operating expenses divided by total operating income
Cost of risk (CoR): Impairment charge in the P&L, annualized, divided by the average net loans over the period
Earnings per share (EPS) underlying: Net profit attributable to ordinary shareholders excluding one off items, divided by the number of shares that resulted post the latest share capital increase
Fees and commissions: The total of net banking fee and commission income and income from non banking services of the reported period
Fully loaded common equity tier 1: Common Equity Tier I regulatory capital as defined by Regulation (EU) No 575/2013 as in force without the application of the relevant transitional rules for the reported period. divided by total Risk Weighted Assets (RWA)
Gross loans: Loans and advances to customers at amortised cost before expected credit loss allowance for impairment on loans and advances to customers at amortized cost and Loans and advances to customers mandatorily measured at FVTPL
Liquidity coverage ratio (LCR): total amount of high quality liquid assets over the net liquidity outflows for a 30-day stress period
Loans to deposits ratio (L/D): Loans and advances to customers at amortised cost divided by due to customers at the end of the reported period
Impairments on loans: Impairment charge for expected credit loss

Glossary - Definition of alternative performance measures (APMs)

Disclaimer

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The information contained herein does not take into account individual circumstances, investment objectives, financial ability, experience and knowledge and, therefore, in no way constitutes or may be construed, directly or indirectly, as a proposal or solicitation for carrying out transactions on the bank's shares, nor as a recommendation or advice for making relevant investment decisions. Before making any investment decision, please do your own research, analysis and confirmation of the information herein and seek independent legal, tax and financial advice from professionals.

Statements, estimates and forecasts concerning mainly the bank's strategy, business objectives and development, the results of operations and its financial position, the evolution of the bank's branches of activity, as well as in general the economic and other conditions in Greece and abroad, are based on the bank's current view, based on information available to it at the time of writing and reflect current expectations and assumptions regarding future events and circumstances which, however, may not be verified. These statements are not guarantees of future performance and contain many risks, uncertainties, general and specific and assumptions that are difficult to predict by the bank and are beyond its control. You should not, therefore, rely on these statements, estimates and forecasts. The bank does not undertake any responsibility to update or revise the statements herein, unless otherwise required by applicable law.

Investor Relations

32 Aigialeias & Paradeisou str. Tel: (+30)-210-81 73 000 investors@optimabank.gr Athens 15125 Greece

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