Alpha Services and Holdings S.A.

Investor Presentation • Nov 7, 2025

Alpha Bank Q3 2025 Results

Investor presentation

7 th November 2025

Disclaimer

This presentation has been prepared and issued by Alpha Bank S.A. ("Alpha Bank"), solely for informational purposes. It is hereby noted that on 27.6.2025, the merger by absorption of "Alpha Services and Holdings S.A." by Alpha Bank was completed. References to "Alpha Services and Holdings S.A."., if any, shall be construed to be references to Alpha Bank.

For the purposes of this disclaimer, this presentation shall mean and include materials, including and together with any oral commentary or presentation and any question and answer session. By attending a meeting at which the presentation is made, or otherwise viewing or accessing the presentation, whether live or recorded, you will be deemed to have agreed to the following restrictions and acknowledged that you understand the legal and regulatory sanctions attached to the misuse, disclosure or improper circulation of the presentation or any information contained herein. By reading this presentation, you agree to be bound by the following limitations:

No representation or warranty, express or implied, is or will be made in relation to, and no responsibility is or will be accepted by Alpha Bank (or any member of its Group as to the accuracy, fairness, completeness, reliability or sufficiency of the information contained in this presentation and nothing in this presentation shall be deemed to constitute such a representation or warranty. The information contained in this presentation may contain and/or be based on information that has been derived from publicly available sources that have not been independently verified. Alpha Bank is not under any obligation to update, revise or supplement this presentation or any additional information or to remedy any inaccuracies in or omissions from this presentation.

This presentation does not constitute an offer, invitation or recommendation to subscribe for or otherwise acquire securities. Also, it is not intended to be relied upon as advice to investors or potential investors and does not take into account the objectives, financial situation or needs of any particular investor. You are solely responsible for forming own opinion and conclusion.

Certain statements in this presentation may be deemed to be "forward-looking". You should not place undue reliance on such forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect current expectations and assumptions as to future events and circumstances that may not prove accurate. Forward-looking statements are not guarantees of future performance, and the actual results, performance, achievements or industry results of Alpha Bank's operations, results of operations, financial position and the development of the markets and the industry in which they operate or are likely to operate may differ materially from those described in, or suggested by, the forward-looking statements contained in this presentation. In addition, even if the operations, results of operations, financial position and the development of the markets and the industry in which Alpha Bank operates is consistent with the forward-looking statements contained in this document, those results or developments may not be indicative of results or developments in subsequent periods. A number of factors could cause results and developments to differ materially from those expressed or implied by the forward-looking statements including, without limitation, general economic and business conditions, competition, changes in banking regulation and currency fluctuations.

Forward-looking statements may, and often do, differ materially from actual results. Any forward-looking statements in this document reflect Alpha Bank' current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to Alpha Bank's financial position, operations, results of operations, growth, strategy and expectations. Any forward-looking statement speaks only as of the date on which it is made. New factors will emerge in the future, and it is not possible for Alpha Bank to predict which factors they will be. In addition, Alpha Bank cannot assess the impact of each factor on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those described in any forward looking statements. Alpha Bank disclaims any obligation to update any forward-looking statements contained herein, except as required pursuant to applicable law.

About Alpha Bank

Alpha Bank S.A. (under the distinctive title Alpha Bank) is a credit institution, listed on the Athens Stock Exchange, and the parent company of the group of companies (Alpha Bank Group). Subsequent to the corporate transformation that took place in June 2025, Alpha Bank absorbed its 100% parent company, Alpha Services and Holdings S.A. and substituted ipso jure, in its capacity as a universal successor, in all assets and liabilities of Alpha Services and Holdings S.A.

Alpha Bank Group is one of the leading Groups of the financial sector in Greece which was founded in 1879 by J.F. Costopoulos. The Bank offers a wide range of high-quality financial products and services, including retail banking, SMEs and corporate banking, asset management and private banking, the distribution of insurance products, investment banking, brokerage and real estate management. https://www.alpha.gr/en/Group/investor-relations

Alpha Bank

Pages

Business Update	3
Financial Performance	15
Macroeconomic Update	23
P&L	25
Balance Sheet	36
Asset Quality	48
Capital	54
Segmental Information	60
Digital	66
ESG	68

9M 2025 performance reinforces outlook

9M 2025 Group Results

Set strong profitability foundation

Reported Profit After Tax

Normalised Profit After Tax

€704mn +44% y/y

€677mn +2% y/y

Resilient Top line & Growth in Fees

Net Interest Income

€1197mn (4%) y/y

€349mn +14% y/y

Low NPE ratio & Cost of Risk de-escalation NPE ratio

Fee Income

3.6%

Cost of Risk

45bp

Increase in customer balances

Performing loans

+13% y/y

Customer funds

+9% y/y

Excess capital growth allows for distribution

Organic capital generation

+150bp

Growth in Tangible Book Value⁵

+13% y/y

Return on Tangible Equity¹

13.9% or 11.9% reported

Earnings Per Share²

€0.27 or €0.28 reported

Fully Loaded CET1 Ratio 3

15.7% or 15.8% pro-forma

50% or €352mn

of 9M 25 reported profit

€111mn interim

to be paid in December 2025

Strengthening a pan-European partnership

Wealth & Asset management

>€880m 2024 and YTD 2025

OneMarkets funds distribution

Wholesale

€475m

2024 and YTD 2025

Approved syndications abroad

€300m

2024 and YTD 2025

LCs and LGs exchange

Impact areas

Continued roll-out of enhanced Wealth product palette 01

02 Increased deployment in International Syndications alongside Unicredit

Enhanced flows in Trade and Transaction Banking 03

UniCredit's increase in shareholding to c.29% reconfirms confidence in the prospects of the Greek & Cypriot economies, underpinning the strength of our partnership and continued delivery on our Strategic Priorities

Structural advantages leading to earnings growth

Alpha Bank's structural advantages Outlook for 2027

Positioned to absorb rate cuts and grow NII…

…strong loan growth in corporate lending…

…and accelerating momentum in fee generation capabilities…

…all further supported by UniCredit partnership

• Dynamic management of interest rate sensitivity
• Significant potential from structural growth dynamics
• Further upside from balance sheet and franchise positioning
• Pace of growth retained above the €2bn mark
• Significant expansion in Large Corporates and SMEs
• Strong demand dynamics while lower rates reduce repayments
• Significant investment in corporate solutions bearing fruit
• Accelerate growth in transaction banking and IB
• Increasing growth and penetration in Wealth management
• Positioning franchise as bank of choice for cross-border activity
• Unify commercial framework to mutually benefit both groups

Accelerating earnings growth and capital generation as rates stabilize

+10% EPS CAGR in 2024-2027

EPS expansion to continue across 2025-2027

+14%2,3 EPS CAGR in 2024-2027 including buyback effect

+10% Guided EPS CAGR in 2024-2027 excluding buyback effect

c. +3% above consensus⁴ 2025 & 2027 estimates

On track to sustain positive EPS trajectory:

+10% EPS CAGR in 2024-2027

Lower gearing to interest rates, coupled with…

…leading positions in corporate lending and asset management…

…resulting in a differentiating positive EPS growth trend in the medium term

Significant potential to create and return value to shareholders

Loan growth to remain supportive

Capital allocation in 2025-2027

Corporate loan growth sustainable in the medium term….

• Growth turning positive with help from government measures
• Housing affordability dynamics improving on growing disposable incomes

• Room to grow residential construction: 2.6% of GDP in 2024 vs 5.6% EUR average

• GDP at 201bn in 2024 vs 240bn in 2008, only 1/3 of the €100bn capital depletion stock has been recovered

• Investment contribution to GDP at 15%, vs 21% EU average and pre-crisis peak of 25%
• Positive outlook: (i) accelerating flow of RRF funds, (ii) improved funding opportunities, following rate cuts

…while mortgages are turning a corner

Mid to high single digit loan growth confirmed for medium term

9

Delivering revenue diversification

Capital allocation in 2025-2027

Consistent growth in Trade Finance and Transaction Banking income

• 8% CAGR with Transaction Banking at 25%, leveraging the partnership with UniCredit
• Continuous growth on increased demand, improved offering and competitive pricing
• Retail affected by government measures to rationalise fees (c€5m per quarter since Q1 '25)

Asset Management doubling fees and AuMs

• AuMs have doubled since 2022, with >60% of growth coming from net sales, alongside positive valuation effects
• 32% fee CAGR in Asset Management since Q1 2023 with resilient profit margins driven by a robust mix
• Positive outlook given growing disposable incomes and improving financial literacy

Increasing shareholder remuneration

Strong strategic fit for bolt-on acquisitions…

...with an accretive financial impact and a clear integration plan

Investor Day 2026

Investor Day

Q2 2026

Stay tuned

Alpha Bank

	Pages
Business Update	3
Financial Performance	15
Macroeconomic Update Macroeconomic Update	23
P&L	25
Balance Sheet	36
Asset Quality	48
Capital Segmental Information	54
Segmental Information	60
Digital	66
ESG	68

Group Profit & Loss Summary

Profit & Loss (€ mn)	9M 2024	9M 2025	Δ %	Q2 2025	Q3 2025	Δ %
Net Interest Income	1,241	1,197	(4%)	399	402	1%
Net fee and commission Income	306	349	14%	122	120	(2%)
Trading & Other Income	95	88	(7%)	30	1	(95%)
Operating Income	1,641	1,633	0%	551	523	(5%)
Total Operating Expenses	(627)	(632)	1%	(214)	(214)	0%
Pre Provision Income	1,014	1,002	(1%)	337	309	(8%)
Impairment Losses	(173)	(137)	(21%)	(40)	(45)	14%
Profit/ (Loss) before income tax	836	881	5%	298	276	(7%)
Income Tax	(247)	(224)	(9%)	(80)	(72)	(10%)
Impact from NPA transactions, discontinued operations & other adjustments	(99)	47	…	76	(17)	…
Reported Profit/ (Loss) after income tax	489	704	44%	294	187	(36%)
Normalised Profit After Tax	665	677	2%	221	217	(2%)

Q3 25 Group Profit and Loss Impairment losses Operating Expenses Profit After Tax Operating Income Group, € mn ^{544 578 559 551 523} (5%) (211) (239) (204) (214) (214) 0% (53) (63) (52) (40) (45) 14% ^{167 165 223} 294 187 (36%) Q3 y/y (14%) (4%) +2% +12%

Q3 24 Q4 24 Q1 25 Q2 25 Q3 25

Operating income

• Quarterly decline reflecting trading loss on early refinancing of Tier 2
• Net interest income +1% q/q benefiting from lower funding cost. Fee income +7% q/q underlying

Operating expenses

• Costs up 1.5% y/y reflecting VSS and IT benefits
• Cost pressures expected to return to more normal levels

Impairment losses

• Cost of Risk at 44bp in Q3
• Asset quality environment remains benign

Reported Profit After Tax

• Bottom line -36% q/q on Q2 positive one-off
• Normalised profit of €217mn in the quarter

Q3 25 Group Balance Sheet

Performing loans

• €2.2bn net credit expansion in 9M, partially offset by FX headwinds and NPE portfolio reclassified to Held-For-Sale
• Growth fueled by corporates despite FX headwinds

Customer funds

• Deposit inflows of €1.6bn in the quarter, mainly corporates
• AuM net sales at €0.4bn

Tangible Book Value

Growth ex-payouts at 1.3% q/q and 13% y/y

CET1 ratio

• 38bp of organic capital generation
• €93mn of dividend accrual in the quarter

Net interest income and Fees

Performing loans and Customer Funds

Performing loan book expansion

Asset quality

NPE ratio target for the year achieved

Cost of Risk at 44bp reflecting benign environment

Coverage at 55%

Quarterly evolution in Capital

Alpha Bank

	Pages
Business Update	3
Financial Performance	15
Macroeconomic Update	23
P&L	25
Balance Sheet	36
Asset Quality	48
Capital	54
Segmental Information	60
Digital	66
ESG	68

Resilient real GDP growth, consistently outpacing the euro area

Growth dynamics in Greece and the euro area

Greek Economy Dashboard

Note:

^*Overall index except automotive fuel. Durable goods contain furniture, electrical and household equipment.

Alpha Bank

	Pages
Business Update Business Update Financial Performance	3
Financial Performance	15
Macroeconomic Update Macroeconomic Update	23
P&L Balance Sheet	25
Balance Sheet Asset Quality	36
Asset Quality Capital	48
Capital Segmental Information	54
Segmental Information Digital	60
Digital ESG	66
ESG	68

Group Profit & Loss Summary

Profit & Loss (€ mn)	9M 2025	9M 2024	yoy % change	Q3 2025	Q2 2025	qoq % change
Net Interest Income	1,197	1,241	(4%)	402	399	1%
Net fee and commission Income Trading & Other Income	349 88	306 95	14% (7%)	120 1	122 30	(2%) (95%)
Operating Income	1,633	1,641	0%	523	551	(5%)
Recurring Operating Expenses Extraordinary	(632) 0	(623) (5)	1% (100%)	(214) 0	(214) 0	0%
Total Operating Expenses Core Pre Provision Income Pre Provision Income	(632) 955 1,002	(627) 956 1,014	1% 0% (1%)	(214) 317 309	(214) 330 337	0% (4%) (8%)
Impairment Losses	(137)	(173)	(21%)	(45)	(40)	14%
Profit/ (Loss) before income tax	881	836	5%	276	298	(7%)
Income Tax 1 Impact from NPA transactions, discontinued operations & other adjustments	(224) 47	(247) (99)	(9%) …	(72) (17)	(80) 76	(10%) …
Reported Profit/ (Loss) after income tax	704	489	44%	187	294	(36%)
2 Normalised Profit After Tax	677	665	2%	217	221	(2%)

Reported Profit After Tax

Normalised Profit After Tax²

Profit & Loss - Detailed

(€ mn)	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	qoq% change	yoy% change
Net Interest Income	408.2	405.7	395.3	399.3	402.2	0.7%	(1.5%)
Net fee and commission income	108.8	114.4	107.5	121.6	119.7	(1.6%)	10.1%
Income from financial operations	17.6	43.5	47.3	7.1	(8.0)	…	…
Other income	9.6	13.9	8.6	23.2	9.5	(58.9%)	(0.6%)
Operating Income	544.2	577.5	558.7	551.2	523.4	(5.0%)	(3.8%)
Staff costs	(92.2)	(97.3)	(88.2)	(97.0)	(93.9)	(3.3%)	1.8%
General Administrative Expenses	(73.3)	(91.9)	(80.4)	(83.1)	(88.9)	6.9%	21.2%
Depreciation and amortization	(45.2)	(45.0)	(35.1)	(34.0)	(31.2)	(8.2%)	(30.9%)
Recurring Operating Expenses	(210.7)	(234.2)	(203.6)	(214.2)	(213.9)	(0.1%)	1.5%
Extraordinary costs	0.0	(4.7)	0.0	0.0	0.0	…	…
Total Operating expenses	(210.7)	(238.9)	(203.6)	(214.2)	(213.9)	(0.1%)	1.5%
Core Pre-Provision Income	315.8	299.8	307.8	330.0	317.5	(3.8%)	0.5%
Ιmpairment losses	(53.1)	(63.2)	(51.6)	(39.7)	(45.4)	14.4%	(14.4%)
Other items	3.0	(5.1)	4.0	0.7	11.7	…	…
Impairments & Gains/(Losses) on financial instruments, fixed assets and equity investments	0.3	(7.2)	(1.7)	(1.2)	0.4	…	48.4%
Provisions and transformation costs	0.9	1.6	(0.2)	(0.1)	(2.2)	…	…
Share of profit/(loss) of associates and joint ventures	1.9	0.4	5.9	2.0	13.4	…	…
Profit/ (Loss) before income tax	283.4	270.3	307.4	298.0	275.7	(7.5%)	(2.7%)
Income Tax	(84.4)	(69.1)	(71.9)	(80.4)	(72.2)	(10.2%)	(14.5%)
Profit/ (Loss) after income tax from continuing operations	199.0	201.2	235.6	217.7	203.5	(6.5%)	2.2%
Impact from NPA transactions	(18.4)	(19.2)	(12.1)	(76.8)	(2.5)	(96.8%)	(86.5%)
Profit/ (Loss) after income tax from discontinued operations	19.7	(5.2)	3.8	2.9	13.7	…	(30.1%)
Other adjustments	(33.6)	(11.9)	(3.9)	149.9	(28.1)	…	(16.4%)
Profit/ (Loss) after Income tax	166.7	164.9	223.3	293.7	186.7	(36.4%)	12.0%
Net interest Margin (NIM)	2.20%	2.21%	2.18%	2.18%	2.17%

Main P&L items

Net Interest Income

Group, € mn

Recurring operating expenses

Group, € mn

Net fee and commission income

Group, € mn

Cost of Risk¹

€mn & bps over net loans

1| Includes underlying impairments and servicing fees

Net Interest Income driver headlines

Deposit costs

Deposit beta¹ Greece, %

Term Deposit pass-through² EUR, %

29

Loan and deposit spreads

Net loan balances & spreads

Lending spreads (Greece and International)

Deposit mix & cost evolution

Deposit spreads (Greece and International)

Fees

Costs

Operating Expenses

Group, € mn	Q3 25	Q3 24	yoy %	Q3 25	Q2 25	qoq %
Staff costs	(93.9)	(92.2)	1.8%	(93.9)	(97.0)	(3.3%)
General Administrative expenses	(88.9)	(73.3)	21.2%	(88.9)	(83.1)	6.9%
Depreciation and amortisation	(31.2)	(45.2)	(30.9%)	(31.2)	(34.0)	(8.2%)
Recurring Operating Expenses	(213.9)	(210.7)	1.5%	(213.9)	(214.2)	(0.1%)
Extraordinary costs	0.0	0.0	…	0.0	0.0	…
Total Operating Expenses	(213.9)	(210.7)	1.5%	(213.9)	(214.2)	(0.1%)

Employees Branches

Greece 8,147 7,354 7,503 5,925 5,940 5,678 5,798 5,513 5,637 5,585 5,668

Recurring Operating Expenses evolution €mn

Greece¹ 443 394 336 313 284 265 265 263 265 262 262

Reported to Normalised

Profit & Loss (€ mn)	Bridge between reported and normalised profit
Q3 2025	Published	Delta	Normalised
Net Interest Income	402	(4)	398
Net fee and commission Income	120	0	120
Trading income	(8)	4	(4)
Other income	10	0	10
Operating Income	523		523
Staff costs	(94)	0	(94)
General Administrative Expenses	(89)	0	(89)
Depreciation and amortization	(31)	0	(31)
Recurring Operating Expenses	(214)		(214)
Extraordinary	0	0	0
Total Operating Expenses	(214)		(214)
Core Pre Provision Income	317		313
Pre Provision Income	309		309
Impairment Losses	(45)	0	(45)
o/w Underlying	27	0	0
o/w servicing fees	9	0	0
o/w securitization expenses	10	0	0
Other impairments	1	0	1
Impairment losses of fixed assets and equity investments	(0)	0	(0)
Gains/(Losses) on disposal of fixed assets and equity investments	0	0	0
Provisions and transformation costs	(2)	0	(2)
Share of profit/(loss) of associates and joint ventures	13	0	13
Profit/ (Loss) before income tax	276		276
Income Tax	(72)	0	(72)
Profit/ (Loss) after income tax	203		203
Impact from NPA transactions	(2)	2	0
Profit/ (Loss) after income tax from discontinued operations	14	0	14
Other adjustments	(28)	28	0
Reported Profit/ (Loss) after income tax	187	31	217

Reported to Normalised

Bridge between Reported and Normalised Profit - Quarterly (€ mn)	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Reported Profit/ (Loss) after income tax	70	59	111	191	195	121	212	110	167	165	223	294	187
Net Interest Income	0	0	0	0	0	0	0	0	0	(1)	(3)	(3)	(4)
Net fee and commission Income	0	0	0	0	0	0	0	0	0	0	0	0	0
Trading income	(69)	0	0	0	0	0	0	0	0	1	3	3	4
Other income	0	0	0	0	0	0	0	0	0	0	0	0	0
Staff costs	0	0	0	0	0	0	0	0	0	0	0	0	0
General Administrative Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation and amortization	0	0	0	0	0	0	(2)	0	0	(5)	0	0	0
Extraordinary	(1)	3	(0)	5	0	(5)	3	1	0	5	0	0	0
Impairment Losses	0	0	0	0	0	0	0	(0)	0	0	0	0	0
Other impairments	0	0	0	0	0	0	0	0	0	0	0	0	0
Impairment losses of fixed assets and equity investments	(0)	0	0	0	0	0	0	0	0	0	0	0	0
Gains/(Losses) on disposal of fixed assets and equity investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Provisions and transformation costs	(0)	0	(0)	0	0	0	0	0	0	0	0	(0)	0
Share of profit/(loss) of associates and joint ventures	0	0	0	0	0	0	0	0	0	0	0	0	0
Income Tax	26	(3)	(0)	(1)	0	2	1	(1)	9	0	0	0	0
Impact from NPA transactions	77	36	23	(5)	(2)	109	5	102	18	19	12	77	2
Profit/ (Loss) after income tax from discontinued operations	(4)	(5)	0	0	0	12	0	2	1	0	0	0	5
Other adjustments	(6)	10	27	5	22	(22)	3	(1)	34	12	4	(150)	23
Normalised Profit After Tax	94	102	162	195	215	216	222	214	228	196	239	221	217

Alpha Bank

	Pages
Business Update	3
Financial Performance	15
Macroeconomic Update Macroeconomic Update	23
P&L	25
Balance Sheet Asset Quality	36
Asset Quality Capital	48
Capital Segmental Information	54
Segmental Information Digital	60
Digital	66
ESG	68

Q3 2025 Group Balance Sheet Summary

Balance Sheet (€ bn)	Sep 2025	Jun 2025	Sep 2024	q/q
Total Assets	74.5	73.5	74.6	1.0
Securities	17.2	17.2	16.7	(0.1)
Cash & Cash Balances	3.5	3.1	4.1	0.4
Net Loans	41.7	41.0	37.6	0.7
ECB balances	2.3	2.5	2.5	(0.2)
Deposits	52.9	51.3	49.7	1.6
Tangible Equity	7.6	7.5	6.8	0.1
CET1 ratio (Fully loaded)	15.7%	15.7%	15.5%	…
Total Capital ratio (Fully loaded)	21.0%	21.2%	20.9%	…
NPE ratio	3.6%	3.5%	4.5%	…
NPE Cash Coverage	55%	57%	48%	…

Tangible Book Value

CET1 (Fully loaded)

Group, € bn

Balance sheet composition

5.0 41.0 2.3 0.5 Cash Due from Banks Securities Net loans PPE DTA Asset split € bn 4.9 41.7 2.5 0.6 Cash Due from Banks Securities Net loans PPE DTA 74.5 73.5

4.3

Other (incl. HFS)

Sep-25

4.3

Other (incl. HFS)

Jun-25

Liabilities and Equity split

Business Volumes

(€ mn)	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	% YoY
Group Gross Loans	38,318	40,479	40,786	41,687	42,361	10.6%
Mortgages	7,065	6,888	6,846	6,744	6,767	(4.2%)
Consumer Loans	1,255	1,212	1,197	1,217	1,233	(1.8%)
Credit Cards	976	994	943	942	950	(2.7%)
Small Business Loans	1,956	1,864	1,835	1,831	1,845	(5.7%)
Medium and Large Business Loans	26,385	28,746	29,170	30,226	30,875	17.0%
CLOs	680	776	795	727	691	1.6%
of which:
Domestic	36,785	38,879	39,134	39,834	40,424	9.9%
Mortgages	6,463	6,275	6,218	6,062	6,060	(6.2%)
Consumer Loans	1,190	1,148	1,133	1,149	1,164	(2.1%)
Credit Cards	970	988	937	936	943	(2.8%)
Small Business Loans	1,939	1,848	1,818	1,813	1,826	(5.8%)
Medium and Large Business Loans	25,543	27,845	28,233	29,148	29,740	16.4%
of which: Shipping Loans	3,530	3,772	3,812	3,682	3,903	10.6%
CLOs	680	776	795	727	691	1.6%
International	1,532	1,600	1,652	1,853	1,936	26.4%
Accumulated Provisions 1	(770)	(677)	(626)	(715)	(718)	(6.8%)
Group Net Loans	37,573	39,825	40,183	40,997	41,667	10.9%
Customer Assets	67,944	69,487	69,661	71,572	74,222	9.2%
of which:	,	,	,	,	•
Group Deposits	49,745	51,032	50,363	51,306	52,884	6.3%
Sight & Savings	35,856	36,138	36,051	37,604	38,487	7.3%
Time deposits	13,889	14,894	14,311	13,702	14,397	3.7%
Domestic	46,234	47,420	46,737	47,450	49,111	6.2%
Sight & Savings	34,365	34,549	34,483	35,866	36,748	6.9%
Time deposits	11,869	12,871	12,254	11,584	12,363	4.2%
International	3,510	3,611	3,626	3,856	3,773	7.5%
Mutual Funds	6,757	7,276	7,567	8,281	8,916	32.0%
Fixed Income	3,354	3,163	2,960	2,857	2,817	(16.0%)
Equities	7,149	7,040	7,752	8,057	8,481	18.6%
Managed Accounts	940	976	1,019	1,072	1,124	19.5%
Total Private Banking Balances (incl. Deposits)	8,466	8,745	7,853	8,068	8,482	0.2%

1| Include off balance sheet items

Net Credit Expansion trends

40

Net credit expansion breakdown

Performing loans

Greece, € bn

	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25
Beginning of period	36.5	35.9	36.8	38.9	39.1	39.8
Disbursements	2.1	3.0	4.0	2.5	2.8	3.0
Repayments	(2.0)	(1.9)	(2.1)	(1.9)	(1.9)	(2.3)
Net Flows to/from NPE	0.0	(0.0)	(0.1)	(0.1)	(0.1)	(0.1)
Other Movements	(0.7)	(0.2)	0.2	(0.2)	(0.0)	(0.0)
End of period	35.9	36.8	38.9	39.1	39.8	40.4
Net Credit Expansion	0.0	1.2	2.0	0.6	0.9	0.7

New disbursements – per category

Greece, € mn

	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25
Individuals	123	169	187	162	144	180	145	217	237
Business	1,729	2,669	1,713	1,916	2,892	3,860	2,360	2,555	2,759
Total	1,852	2,838	1,900	2,078	3,035	4,040	2,505	2,772	2,996

Loan portfolio breakdown

Securities portfolio

Securities portfolio

Group, Book value, Sep-25, € bn

• The "Other/ECB eligible" bonds of €8.1bn is broken down to the following categories:
• €4.8bn other sovereign bonds
• €0.9bn bonds issued by supranationals
• €1.2bn bonds investment grade bonds by other issuers
• €1.2bn bonds issued by Greek corporates

Portfolios evolution

Group, Book value

Customer Funds trends

Deposits flow per quarter

Alpha Bank deposits evolution in Greece

Deposits breakdown – September 2025

Δ Core Δ Time

Alpha Bank deposits evolution in Greece

Greece, € bn

Deposits breakdown – September 2025

45

Note: Business deposits include State deposits.

ECB Balances and Liquidity metrics

Wealth management

Asset Management balances

Group, € bn

Private Banking

Group, € bn

47

Alpha Bank

	Pages
Business Update	3
Financial Performance Macroeconomic Update	15
Macroeconomic Update	23
P&L	25
Balance Sheet Balance Sheet	36
Asset Quality Capital	48
Capital Segmental Information	54
Segmental Information Digital	60
Digital	66
ESG	68

NPE flows and Cost of Risk trends

49

Gross organic NPE formation in Greece per segment

Gross formation (Organic) - Wholesale

Gross formation (Organic) - Retail

Gross formation (Organic) - SBL

Gross formation (Organic) - Mortgages

Gross formation (Organic) - Consumer

Greece, € mn

Auctions and repossession activity evolution

Auctioned properties (Conducted) 3Q2025

• The auction process continues to exhibit a downward trend. During 3Q2025, the volume of conducted auctions declined significantly, largely reflecting the absence of auctions in August. A substantial number of auctions were unsuccessful, primarily due to the lack of bidders.
• During the nine-month period of 2025, the Bank continued with its disinvestment strategy through the completion of €39mn foreclosed assets sales in Greece (including €29mn Skyline perimeter) and €4mn in Cyprus. Sales in Greece included both commercial as well as residential assets.

Detailed overview of asset quality by portfolio - Greece

(€ bn)		Wholesale	SBL	Mortgages	Consumer	Total
Gross loans		30.4	1.8	6.1	2.1	40.4
(-) Accumulated Prov	visions	(0.2)	(0.2)	(0.3)	(0.1)	(0.8)
Net loans		30.3	1.6	5.8	2.0	39.7
NPLs		0.1	0.2	0.5	0.1	0.9
NPL ratio		0.3%	11.5%	7.7%	7.1%	2.3%
NPEs		0.2	0.3	0.7	0.2	1.4
NPE ratio		0.8%	14.5%	11.8%	10.0%	3.5%
NPL collateral		0.1	0.1	0.4	0.0	0.7
NPE collateral		0.2	0.2	0.7	0.1	1.1
Coverage ratio	□ Collateral □ Cash	73% 151% 156% 82% 69% NPL NPE	155% 139% 69% 70% 87% 69% NPL NPE	151% 131% 92% 39% NPL NPE	126% 98% 97% 69% 29% NPL NPE	157% 131% 74% 77% 83% 54% NPL NPE
NPLs		0.1	0.2	0.5	0.1	0.9
(+) Forborne NPLs <	: 90 dpds	0.1	0.0	0.2	0.1	0.4
(+) Unlikely to pay		0.0	0.0	0.0	0.0	0.1
NPEs		0.2	0.3	0.7	0.2	1.4
Forborne NPLs >90d	lpd	0.0	0.1	0.1	0.1	0.3
Forborne NPLs <90d	dpd	0.1	0.0	0.2	0.1	0.4
Performing forborne		0.1	0.1	0.6	0.1	0.9
Total forborne		0.2	0.2	1.0	0.2	1.6

Detailed overview of asset quality by portfolio - Group

(€ bn)		Wholesale	SBL	Mortgages	Consumer	Total
Gross loans		31.6	1.8	6.8	2.2	42.4
(-) Accumulated Prov	visions	(0.2)	(0.2)	(0.3)	(0.1)	(0.8)
Net loans		31.4	1.7	6.5	2.0	41.5
NPLs		0.1	0.2	0.5	0.2	1.0
NPL ratio		0.4%	11.5%	7.7%	7.1%	2.4%
NPEs		0.3	0.3	0.8	0.2	1.5
NPE ratio		0.9%	14.4%	11.5%	9.9%	3.6%
NPL collateral		0.1	0.1	0.5	0.0	0.8
NPE collateral		0.2	0.2	0.7	0.1	1.2
Coverage ratio	□ Collateral □ Cash	78% 154% 82% 72% NPL NPE	155% 139% 68% 70% 87% 69% NPL NPE	148% 130% 88% 90% 59% 40% NPL NPE	126% 98% 97% 29% 69% 29% NPL NPE	156% 131% 74% 77% 82% 55% NPL NPE
NPLs		0.1	0.2	0.5	0.2	1.0
(+) Forborne NPLs <	< 90 dpds	0.1	0.0	0.2	0.1	0.4
(+) Unlikely to pay		0.1	0.0	0.0	0.0	0.1
NPEs		0.3	0.3	0.8	0.2	1.5
Forborne NPLs >900	dpd	0.0	0.1	0.2	0.1	0.3
Forborne NPLs <900	dpd	0.1	0.0	0.2	0.1	0.4
Performing forborne		0.1	0.1	0.7	0.1	1.0
Total forborne		0.2	0.2	1.0	0.2	1.7

Alpha Bank

	Pages
Business Update Business Update Financial Performance	3
Financial Performance	15
Macroeconomic Update Macroeconomic Update PL	23
P&L Balance Sheet	25
Balance Sheet Asset Quality	36
Asset Quality	48
Capital Segmental Information	54
Segmental Information Digital	60
Digital ESG	66
ESG	68

54

Quarterly evolution in Capital

Actuals and regulatory requirements

Regulatory Capital composition

Equity to regulatory capital bridge

€ mn

10.3% Tangible book value / Tangible Assets

Group RWAs and Regulatory Capital

Group Risk Weighted Assets evolution

€bn

Credit Risk Weights per portfolio

DTA & Tax Credit with CET1 Capital

€ bn

Further progress towards meeting MREL Requirements

• No subordinated MREL requirement
• Expect Alpha Bank to continue to be a regular issuer in the debt capital markets
• MREL ratio as of 30.09.2025 stands at 28.3%, well above the final MREL binding target of 30.09.2025 (27.28%).

Outstanding Debt Instruments

Issuance date	Tenor	Size (€mn)	Next Call	Maturity	Coupon
AT1
08/02/2023	PerpNC5.5	400	08/02/2028	Perpetual	11.875%
10/09/2024	PerNC5.75	300	10/06/2030	Perpetual	7.5%
Tier II
23/07/2025	10.25NC5.25	500	23/07/2031	23/07/2036	4.308%
13/06/2024	10.25NC5.25	500	13/09/2029	13/09/2034	6.00%
Senior preferred
23/09/2021	6.5NC5.5	500	23/03/2027	23/03/2028	2.50%
16/12/2022	4.5NC3.5	450	16/06/2026	16/06/2027	7.50%
13/02/2023	6NC5	70	13/02/2028	13/02/2029	6.75%
27/06/2023	6NC5	500	27/06/2028	27/06/2029	6.875%
22/11/2023	6NC5	50	22/11/2028	22/11/2029	6.50%
12/02/2024	6.25NC5.25	400	12/05/2029	12/05/2030	5.00%
30/10/2025	6NC5	500	30/10/2031	30/10/2031	3.125%

Alpha Bank

	Pages
Business Update Financial Performance	3
Financial Performance Macroeconomic Update	15
Macroeconomic Update PL	23
P&L Balance Sheet	25
Balance Sheet Asset Quality	36
Asset Quality Capital	48
Capital	54
Segmental Information Digital	60
Digital ESG	66
ESG	68

Retail

Key figures
(in €mm)	9M 25	9M 24	∆difference, %
Net loans	8,896	9,178	(3%)
Deposits	35,094	34,348	2%
Total revenues	545	600	(9%)
Recurring Operating expenses	(293)	(300)	(2%)
Normalised Profit	172	215	(20%)
Allocated CET1 @13%	772	881	(12%)
Cost / Income ratio	54%	50%	8%
RoCET1 ratio 1	28%	33%	(15%)
Contribution Group Rever '9M 25		25% Gro	ntribution to up recurring fits 2 , '9M 25

Wholesale

(in €mm)	9M 25	9M 24	9M 25
Net loans	29,335	25,025	17%
Deposits	11,191	9,654	16%
Total revenues	710	658	8%
Recurring Operating expenses	(137)	(130)	5%
Normalised Profit	380	347	10%
Allocated CET1 @13%	2,235	1,811	23%
Cost / Income ratio	19%	20%	(2%)
RoCET1 ratio 1	24%	25%	(3%)

Wealth

Key figures
(in €mm)	9M 25	9M 24	∆difference, %
Assets under Management	21,338	18,200	17%
Total revenues	131	98	33%
Recurring Operating expenses	(50)	(40)	25%
Normalised Profit	61	44	38%
Allocated CET1 @13%	42	32	32%
Cost / Income ratio	38%	41%	(6%)
RoCET1 ratio 1	209%	169%	24%
Contribution Group Rever		( 9% ) Gre	ntribution to oup recurring ofits, '9M 25

International

Key figures
-------------

(in €mm)	9M 25	9M 24	∆difference, %
Net loans	1,796	1,617	11%
Deposits	3,773	3,510	7%
Total revenues	112	117	(4%)
Recurring Operating expenses	(66)	(58)	15%
Normalised Profit	70	97	(28%)
Allocated CET1 @13%	263	475	(45%)
Cost / Income ratio	59%	49%	20%
RoCET1 ratio 1	37%	28%	32%

Contribution to Group recurring profits, '9M 25

NPAs and Corporate Center

(in €mm)	9M 25	9M 24	∆difference, %
Net loans	1,056	1,251	(16%)
Assets	2,069	3,110	(33%)
Total revenues	27	37	(26%)
Recurring Operating expenses	(44)	(48)	(9%)
Normalised Profit	(59)	(86)	(32%)
Allocated CET1 @13%	262	313	(16%)
RoCET1 ratio 1	(42%)	(43%)	1%

Contribution to Group recurring profits, '9M 25

20.005
20,805	20,079	4%
1,365	1,612	(15%)
109	130	(17%)
(42)	(47)	(11%)
53	49	9%
453	551	(18%)
	109 (42) 53	109 130 (42) (47) 53 49 453 551

Contribution to Group Revenues, '9M 25

Contribution to Group recurring profits, '9M 25

Alpha Bank

	Pages
Business Update Business Update Financial Performance
Financial Performance	15
Macroeconomic Update Macroeconomic Update PL	23
P&L Balance Sheet	25
Balance Sheet Asset Quality	36
Asset Quality Capital	48
Capital Segmental Information	54
Segmental Information	60
Digital ESG	66
ESG	68

Continuous improvement in key digital metrics

9m '25 Key Achievements

+29% Increase in Mobile Transactions YoY

+26% Digital Sales Items in 9m YoY (30% of total sales)

4 out of 5 Consumer Loans digitally

37% of Credit Cards issued digitally in like for like category

New version of Digital Retail Onboarding launched in myAlpha Mobile

Investor Day KPIs

Digital Sales	2023 23%	2024 27%	9m/2025 30%	$\rightarrow$	2025 Target 30%
Daily Banking Digitalization 1	82%	90%	97%	$\rightarrow$	100%
Active Users 1,2 In mil.	1.9	2.0	2.0	$\rightarrow$	2.0+

% Digital Sales | 9m '25 Production

Alpha Bank

	Pages
Business Update	3
Financial Performance Macroeconomic Update	15
Macroeconomic Update	23
P&L	25
Balance Sheet Balance Sheet Asset Quality	36
Asset Quality	48
Capital Segmental Information	54
Segmental Information	60
Digital	66
ESG	68

Accelerating our journey to Net Zero

Our strategy for a resilient, net-zero economy by 2050

Setting Science-Based Targets

for selected material-impact sectors, including Transition Pathways to support corporate clients to meet the Bank's climate targets

Sustainable Finance Framework & Green Bond Framework

lay the groundwork for sustainability strategy, including tailored pricing to incentivize and facilitate Sustainable Financing and channeling capital into projects that advance environmental goals

Climate and Environmental Risk Management

integrated within our core processes and risk cycle phase

Client engagement

to support energy transition, including agreements with third parties for advice to clients

Decarbonizing Own Operations

through various initiatives to drive energy efficiency and emissions' reduction

Financed emissions targets set on 4 sectors in Nov 2024 (1/2)

Alpha Bank

Alpha Bank has set out an ambition to support the transition to a net zero economy

commitment 2030 targets Impact Next Steps

The Bank has set 2030 financed emissions targets on four sectors: Power, Oil & Gas, Iron & Steel and Cement

The targets for these sectors decarbonize the portfolio, reducing transition risk

The Bank is developing a transition plan outlining actions to meet its targets within the relevant timeframe. Additionally, the Bank will disclose targets for the next set of sectors in a subsequent phase

• The targets have been set taking into account clients' decarbonization plans
• While reducing transition risk, these targets will not materially constrain the Bank's ability to serve these sectors
• The Bank is monitoring these sectors, and how its clients are progressing towards meeting their targets
• The Bank has identified a set of contingency actions, if required
• These sectors represent ~20% 1,2 of exposure and ~64% ² of financed emissions (excluding Shipping) of NZBA sectors

Financed emissions targets set on 4 sectors in Nov 2024 (2/2)

Our Sustainable Finance Framework as an enabler in our Sustainability Strategy

financing

- ff

Social Loan Themes

Inclusive access to credit and

Economic Inclusion

Employment generation and job training

Affordable Basic Infrastructure

• Transport infrastructure
• Other basic infrastructure

Access to Essential Services

• Health
• Education

Affordable Housing

Affordable social housing

Best-practice Climate & Environmental Risk Management embedded in credit decisions and loan pricing

ESG Assessment of all Clients Transaction Assessment

• Assessment via interbank ESG questionnaire since 2023
• Sector-based questionnaires, including climate data (Emissions & Targets)
• Clients classified as High-Medium-Low risk
• Requests corrective action plan in case of high-risk outcome

• Assesses Environmental and Social impact of specific economic activity to be financed
• Assessment criteria per our Sustainable Finance Framework, integrating EU Taxonomy if applicable
• Corrective actions requested if negative impact is identified

Loan Pricing

• Loan Pricing Framework takes into consideration the overall ESG assessment in the pricing of facilities
• Sustainable investments benefit from selective discounts when appropriate
• High risk clients' pricing incorporates additional risk premium component to incentivize improvement in sustainability

Our Green Bond Framework outlines the commitment to supporting sustainable development through green financing

• A clear and transparent roadmap for how the Bank intends to channel capital into projects that advance environmental goals.
• Developed in alignment with the International Capital Markets Association ("ICMA") Green Bond Principles, 2021
• Builds on Alpha Bank Sustainable Finance Framework ("SFF")
• The Framework has received a positive external verification by ISS-Corporate.

USE OF PROCEEDS

• Eliqible Green Loan Categories: Green Loans, Recovery and Resilience Facility (RRF) financing, and General Purpose or Company Business Mix Loans (pure players).
• Eligible Green Loan Themes: Energy Efficiency, Renewable Energy, Sustainable Transport, Resource Efficiency and Pollution Control, and Green Buildings.

Sustainability highlights: Delivering tangible results¹

Support an environmentally sustainable Economy

Foster healthy economies & Societal progress

Ensure robust & transparent Governance

€ 2.9 billion

for Sustainable Disbursements since 2024

€ 746 million

for Renewable Energy Projects since 2024

Zero financing

to new investments in thermal coal mining, upstream oil exploration or coal-fired electricity generation

100% of electricity from renewable sources

for all our buildings & Branches

58% of total energy consumed came from renewable sources

10.7% reduction

of Scope 2 location- based emissions of the Group (vs 2023)

86%

of the Group's branches are accessible

51% Increase Youth employment

at Group level

42% Women

in managerial posts at Group level

80% Employees in Wholesale Banking Business trained for ESG

"IQonomy"

Educational program that instills fundamental financial knowledge and skills in students, women, and individuals aged 55+

Together for Better Health

Offered > 92k medical supplies across Greece, particularly for the most vulnerable citizens

• SDG 3: Good health & Well being
• SDG 10: Reduced inequalities
• SDG 17: Partnerships for the Goals

33% Women

at Board of Directors

58%

Independent Non-Executive Board Members

All Committee Chairs are Independent

Sustainability integration Into Remuneration

Training & development of Board Members

Recognition of our commitment to Sustainability

Rating

Performance 52.05

Decile Rank

3

Trend

TransparencyVery High

Prime Status

Prime

We have submitted our first Communication on Progress (CoP) to the UN Global Compact

NEGL 0-10

LOW 10-20

HIGH 20-30 MED 30-40

SEVERE 40+

Memberships

net-zero banking

Glossary (1/5)

Reference number	Terms	Definitions	Relevance of the metric	Abbreviation
1	Accumulated Provisions and FV adjustments	Sum of Provision for impairment losses for loans and advances to customers, the Provision for impairment losses for the total amount of off balance sheet items exposed to credit risk as disclosed in the Consolidated Financial Statements of the reported period, and the Fair Value Adjustments (10).	Standard banking terminology	LLR
2	Core Banking Income	Sum of Net interest income and Net fee and commission income as derived from the Consolidated Financial Statements of the reported period.	Profitability metric
3	Core deposits	Sum of "Current accounts", "Savings accounts" and "Cheques payable", as derived from the Consolidated Financial Statements of the reported period, taking into account the impact from any potential restatement.	Standard banking terminology	Core depos
4	Core Operating Income	Operating Income (37) less Income from financial operations (19) less management adjustments on operating income for the corresponding period.	Profitability metric
5	Core Pre-Provision Income	Core Operating Income (4) for the period less Recurring Operating Expenses (48) for the period.	Profitability metric	Core PPI
6	Cost of Risk	Impairment losses (14) for the period divided by the average Net Loans of the relevant period. Average balances is defined as the arithmetic average of balance at the end of the period and at the end of the previous period.	Asset quality metric	(Underlying) CoR
7	Cost/Assets	Recurring Operating Expenses (48) for the period (annualised) divided by Total Assets (19).	Efficiency metric
8	Deposits	The figure equals Due to customers as derived from the Consolidated Balance Sheet of the reported period.	Standard banking terminology
9	Extraordinary costs	Management adjustments on operating expenses, that do not relate to other PnL items.	Standard banking terminology
10	Fair Value adjustments	The item corresponds to the accumulated Fair Value adjustments for non-performing exposures measured at Fair Value Through P&L (FVTPL).	Standard banking terminology	FV adj.
11	Fully-Loaded Common Equity Tier 1 ratio	Common Equity Tier 1 regulatory capital as defined by Regulation No 2024/1623 (Full implementation of Basel 3), divided by total Risk Weighted Assets	Regulatory metric of capital strength	FL CET 1 ratio
12	Gross Loans	The item corresponds to Loans and advances to customers, as reported in the Consolidated Balance Sheet of the reported period, gross of the Accumulated Provisions and FV adjustments (1) excluding the accumulated provision for impairment losses on off balance sheet items, as disclosed in the Consolidated Financial Statements of the reported period.	Standard banking terminology
13	Impact from NPA transactions	Management adjustments to income and expense items as a result of NPE/NPA exposures transactions	Asset quality metric
14	Impairment losses	Impairment losses on loans (16) excluding impairment losses on transactions (17).	Asset quality metric
15	Impairment losses of which Underlying	Impairment losses (14) excluding Loans servicing fees and Commision expenses for credit protection as disclosed in the Consolidated Financial Statements of the reported period.	Asset quality metric
16	Impairment losses on loans	Impairment losses and provisions to cover credit risk on Loans and advances to customers and related expenses as derived from the Consolidated Financial Statements of the reported period, taking into account the impact from any potential restatement, less management adjustments on impairment losses on loans for the corresponding period. Management adjustments on impairment losses on loans include events that do not occur with a certain frequency, and events that are directly affected by the current market conditions and/or present significant variation between the reporting periods.	Standard banking terminology	LLP
17	Impairment losses on transactions	Represent the impact of incorporating sale scenario in the estimation of expected credit losses.	Asset quality metric

Glossary (2/5)

Reference number	Terms	Definitions	Relevance of the metric	Abbreviation
18		Sum of Impairment losses of fixed assets and equity investments, Gains/(Losses) on disposal of fixed assets and equity investments and o/w Impairment losses, provisions to cover credit risk on other financial instruments as derived from the Consolidated Income Statement of the reported speriod, less management adjustments on Impairments & Gains/(Losses) on fixed assets and equity investments. Management adjustments on Impairments & Gains/(Losses) on financial instruments, fixed assets and equity investments include events that do not occur with a certain frequency, and events that are directly affected by the current market conditions and/or present significant variation between the reporting periods.	Standard banking terminology
19	"Income from financial operations" or "Trading Income"	Sum of Gains less losses on derecognition of financial assets measured at amortised cost and Gains less losses on financial transactions, as derived from the Consolidated Income Statement of the reported period ,adding the NII effect resulting from the hedge of the net investment in RON through foreign exchange swap derivatives, amounting to €1.5m in Q4 2024, €2.5m in Q1 2025, €3.1m in Q2 2025 and €4m in Q3 2025, and less management adjustments on trading income for the corresponding period. Management adjustments on trading income include events that do not occur with a certain frequency, and events that are directly affected by the current market conditions and/or present significant variation between the reporting periods.	Standard banking terminology
20	Income tax	The figure equals Income tax as disclosed in the Consolidated Financial Statements of the reported period, less management adjustments on income tax for the corresponding period. Management adjustments on income tax include events that do not occur with a certain frequency, and events that are directly affected by the current market conditions and/or present significant variation between the reporting periods.	Standard banking terminology
21	Leverage Ratio	This metric is calculated as Tier 1 capital divided by Total Assets (58).	Standard banking terminology
22	Loan to Deposit ratio	Net Loans (25) divided by Deposits (8) at the end of the reported period.	Liquidity metric	LDR or L/D ratio
23	Net Interest Income	Net interest income as derived from the Consolidated Financial Statements of the reported period, excluding the NII effect resulting from the hedge of the net investment in RON through foreign exchange swap derivatives, amounting to €1.5m in Q4 2024 and €2.5m in Q1 2025, €3.1m in Q2 2025 and €4m in Q3 2025.	Profitability metric	NII
24	Net Interest Margin	Net interest income for the period (annualised) divided by the average Total Assets (58) of the relevant period. Average balance is defined as the arithmetic average of balance at the end of the period and at the end of the previous relevant period.	Profitability metric	NIM
25	Net Loans	Loans and advances to customers as derived from the Consolidated Balance Sheet of the reported period.	Standard banking terminology
26	Non Performing Exposure Coverage	Accumulated Provisions and FV adjustments (1) plus CET 1 deductions used to cover calendar provisioning shortfall divided by NPEs (29) at the end of the reference period.	Asset quality metric	NPE (cash) coverage
27	Non Performing Exposure ratio	NPEs (29) divided by Gross Loans (12) at the end of the reference period.	Asset quality metric	NPE ratio
28	Non Performing Exposure Total Coverage	Accumulated Provisions and FV adjustments (1) plus the value of the NPE collateral, plus CET 1 deductions used to cover calendar provisioning shortfall divided by NPEs (29) at the end of the reported period.	Asset quality metric	NPE Total coverage
29	Non Performing Exposures	Non-performing exposures (29) are defined according to EBA ITS on forbearance and Non Performing Exposures as exposures that satisfy either or both of the following criteria: a) material exposures which are more than 90 days past-due b)The debtor is assessed as unlikely to pay its credit obligations in full without realisation of collateral, regardless of the existence of any past-due amount or of the number of days past due.	Asset quality metric	NPEs
30	Non Performing Exposures Collateral Coverage	Value of the NPE collateral divided by NPEs (29) at the end of the reference period.	Asset quality metric	NPE collateral Coverage
31	Non Performing Loan Collateral Coverage	Value of collateral received for Non Performing Loans (29) divided by NPLs (35) at the end of the reference period.	Asset quality metric	NPL collateral Coverage
32	Non Performing Loan Coverage	Accumulated Provisions and FV adjustments (1) plus CET 1 deductions used to cover calendar provisioning shortfall divided by NPLs (35) at the end of the reference period.	Asset quality metric	NPL (cash) Coverage

Glossary (3/5)

Reference	e Terms	Definitions	Relevance of the metric	Abbreviation
33	Non Performing Loan ratio	NPLs (35) divided by Gross Loans (12) at the end of the reference period.	Asset quality metric	NPL ratio
34	Non Performing Loan Total Coverage	Accumulated Provisions and FV adjustments (1) plus the value of the NPL collateral, plus CET 1 deductions used to cover calendar provisioning shortfall divided by NPLs (35) at the end of the reference period.	Asset quality metric	NPL Total Coverage
35	Non Performing Loans	Non Performing Loans (35) are Gross loans (12) that are more than 90 days past-due.	Asset quality metric	NPLs
36	Normalised Net Profit after (income) tax	Normalised profits between financial year 2022 and 2021 are not comparable due to initiation of a new normalized profits procedure effective since 1.1.2022 which does not exclude specific accounts such as the trading gains account and is based on specific principles and criteria. Main Income and expense items that are excluded for purposes of the normalized profit calculation are listed below: 1. Transformation related: a. Transformation Costs and related Expenses b. Expenses and Gains/Losses due to Non-Core Assets' Divestiture c. Expenses/Gains/Losses as a result of NPE/NPA exposures transactions' 2. Other non-recurring related: a. Expenses/Losses due to non anticipated operational risk b. Expenses/Losses due to non anticipated legal disputes c. Expenses/Gains/Losses due to short-term effect of non-anticipated and extraordinary events with significant economic impact d. Non-recurring HR/Social Security related benefits/expenses e. Impairment expenses related to owned used [and inventory] real estate assets f. Initial (one off) impact from the adoption of new or amended IFRS g. Tax related one-off expenses and gains/losses 3. Income Taxes Applied on the Aforementioned Transactions.	Profitability metric	Normalised Net PAT
37	Operating Income	Sum of Net interest income, Net fee and commission income, Income from financial operations or Trading Income (19) and Other income, as derived from the Consolidated Income Statement of the reported period, taking into account the impact from any potential restatement.	Standard banking terminology
38	Other (operating) income	Sum of Dividend income, Other incomeand insurance revenue/(expenses) and financial income/(expenses) from insurance contracts as derived for the Consolidated Income Statements of the reported period, taking into account the impact from any potential restatement.	Standard banking terminology
39	Other adjustments	Include management adjustments for events that occur with a certain frequency, and events that are directly affected by the current market conditions and/or present significant variation between the reporting periods and are not reflected in other lines in Income Statement.
40	Other items	Sum of Impairment losses of fixed assets and equity investments, Gains/(Losses) on disposal of fixed assets and equity investments, o/w Impairment losses, provisions to cover credit risk on other financial instruments, Provisions and transformation costs and Share of profit/(loss) of associates and joint ventures as derived from the Consolidated Financial Statements of the reported period, taking into account the impact from any potential restatement, less management adjustments on other items for the corresponding period. Management adjustments on other items include events that do not occur with a certain frequency, and events that are directly affected by the current market conditions and/or present significant variation between the reporting periods.	Standard banking terminology
41	PPI/Average Assets	Pre-Provision Income for the period (42) (annualised) divided by Average Total Assets (58) of the relevant period. Average balance is defined as the arithmetic average of balance at the end of the period and at the end of the previous relevant period.	Profitability metric

Glossary (4/5)

Reference number	Terms	Definitions	Relevance of the metric	Abbreviation
42	Pre-Provision Income	Operating Income (37) for the period less Total Operating Expenses (59) for the period.	Profitability metric	PPI
43		Profit/ (Loss) before income tax Operating Income (37) for the period less Total Operating Expenses (59) plus Impairment losses on loans (16), plus Other items (40)	Profitability metric
44	Profit/ (Loss) after income tax from continuing operations	Profit/ (Loss) before income tax (43) for the period less Income tax (20) for the period	Profitability metric
45	Profit/ (Loss) after income tax from discontinued operations	The figure equals Net profit/(loss) for the period after income tax, from Discontinued operations as disclosed in Consolidated Income Statement of the reported period, less management adjustments. Management adjustments on operating expenses include events that do not occur with a certain frequency, and events that are directly affected by the current market conditions and/or present significant variation between the reporting periods.	Profitability metric
46	Profit/ (Loss) attributable to shareholders	Profit/ (Loss) after income tax from continuing operations (44) for the period, plus Impact from NPA transactions (13), plus Profit/ (Loss) after income tax from discontinued operations (45), plus Other adjustments (39), plus Non-controlling interests as disclosed in Consolidated Income Statement of the reported period.	Profitability metric
47	Recurring Cost to Income ratio	Recurring Operating Expenses (48) for the period divided by Operating Income (37) for the period.	Efficiency metric	C/I ratio
48	Recurring Operating Expenses	Total Operating Expenses (59) less management adjustments on operating expenses. Management adjustments on operating expenses include events that do not occur with a certain frequency, and events that are directly affected by the current market conditions and/or present significant variation between the reporting periods.	Efficiency metric	Recurring OPEX
49	Return on Equity	Net profit/(loss) attributable to: Equity holders of the Bank (annualised), as disclosed in Consolidated Income Statement divided by the Average balance of Equity attributable to holders of the Company, as disclosed in the Consolidated Balance sheet at the reported date, taking into account the impact from any potential restatement. Average balance is defined as the arithmetic average of the balance at the end of the period and at the end of the previous relevant period.	Profitability metric	RoE
50	"Return on Tangible Book Value" or "Return on Tangible Equity"	Normalised Net Profit after (income) tax (36) (annualised), less "Payment of AT1 dividend", as disclosed in Consolidated Statement of Changes in Equity divided by the Average balance of adj. Tangible Book Value (56). Average balance is defined as the arithmetic average of the balance at the end of the period and at the end of the previous relevant period.	Profitability metric	RoTBV or RoTE
51	Return on Tangible Equity (headline)	Normalised Net Profit after (income) tax (36) (annualised), less "Payment of AT1 dividend", as disclosed in Consolidated Statement of Changes in Equity divided by the Average balance of Tangible Book Value (55). Average balance is defined as the arithmetic average of the balance at the end of the period and at the end of the previous relevant period.	Profitability metric	RoTBV or RoTE (headline)
52	Return on Tangible Equity (reported)	Net profit/(loss) attributable to: Equity holders of the Bank (annualised), less "Payment of AT1 dividend", as disclosed in Consolidated Statement of Changes in Equity divided by the Average balance of Tangible Book Value (55). Average balance is defined as the arithmetic average of the balance at the end of the period and at the end of the previous relevant period.	Profitability metric	RoTBV or RoTE (reported)
53	RWA Density	Risk Weighted Assets divided by Total Assets (58) of the relevant period.	Standard banking terminology

Glossary (5/5)

Reference number	Terms	Definitions	Relevance of the metric	Abbreviation
54	Securities	Sum of Investment securities and Trading securities, as defined in the consolidated Balance Sheet of the reported period.	Standard banking terminology
55		Total Equity excluding the sum of Goodwill and other intangible assets, Non-controlling interests and Additional Tier 1 capital & Hybrid securities. All terms disclosed in the Consolidated Balance sheet at the reported date, taking into account the impact from any potential restatement.	Standard banking terminology	TBV or TE
56	Tangible Book Value or Tangible Equity (Adjusted)	Tangible Book Value or Equity (55) less provision for dividend not paid less excess capital calculated on 13% CET1 target.	Standard banking terminology	Adj. TBV or Adj. TE
57	Tangible Book Value per share	Tangible Book Value (55) divided by the outstanding number of shares.	Valuation metric	TBV/share
58	Total Assets	Total Assets (58) as derived from the Consolidated Balance Sheet of the reported period, taking into account the impact from any potential restatement.	Standard banking terminology	TA
59		Sum of Staff costs, General administrative expenses, Depreciation and amortization, and Other expenses as derived from the Consolidated Income Statement of the reported period taking into account the impact from any potential restatement.	Standard banking terminology	Total OPEX

Alpha Bank Contacts

Vasileios Kosmas

CFO

+30 210 326 2291

Iason Kepaptsoglou

Director Investor Relations Division

• +30 210 326 2271
• iason.kepaptsoglou@alpha.gr

Stella Traka

Manager Investor Relations Division

+30 210 326 2274

stella.traka@alpha.gr

Selini Milioni

Senior Specialist Investor Relations Division

+30 210 326 2273

selini.milioni@alpha.gr

Investor Relations Division

40 Stadiou Street, 102 52, Athens

+30 210 326 2271 +30 210 326 2277

ir@alpha.gr

Internet : www.alpha.gr Reuters : ACBr.AT (shares) Bloomberg : ALPHA GA (shares)

Alpha Bank Depository Receipts (ADRs)

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