Banco BPM SpA

Capital/Financing Update • Oct 23, 2025

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Data/Ora Ricezione : 23 Ottobre 2025 17:54:27

Oggetto : DBRS upgrades Banco BPM's Long-Term

Deposit Rating to 'A (low)'

Testo del comunicato

After upgrading Banco BPM's long-term Issuer rating by one notch on April 16, bringing it to 'BBB (high)', the rating agency Morningstar DBRS (DBRS) today also raised the Bank's longterm Deposit rating, improving it from 'BBB (high)' to 'A (low),' with a Stable Trend (from Positive).

PRESS RELEASE

DBRS upgrades Banco BPM's Long-Term Deposit Rating to 'A (low)'

This decision follows the April 2025 upgrade by DBRS of the Bank's Issuer Rating by one notch

For the first time, a rating on Banco BPM's deposits has been upgraded to 'A'

Milan, 23 October 2025 – After upgrading Banco BPM's long-term Issuer rating by one notch on April 16, bringing it to 'BBB (high)', the rating agency Morningstar DBRS (DBRS) today also raised the Bank's long-term Deposit rating, improving it from 'BBB (high)' to 'A (low),' with a Stable Trend (from Positive).

The short-term Deposit rating was confirmed at 'R-1 (low)', with a Stable Trend.

This rating action reflects the improvement in Italy's Long-Term Foreign and Local Currency Issuer Rating to 'A (low)' on 17 October 2025 and brings a rating on Banco BPM's deposits into the 'A' category for the first time.

For further details, please refer to the DBRS press release.

For information:

Media Relations e-mail: stampa@bancobpm.it

Investor Relations e-mail: investor.relations@bancobpm.it