Optima Bank S.A.

Quarterly Report • Nov 11, 2025

Condensed Interim Consolidated Financial Statements for the period 1 st January – 30 th September, 2025

The information contained in these Condensed Interim Financial Statements has been translated from the original Condensed Interim Financial Statements that have been prepared in the Greek language. In the event that differences exist between this translation and the original Greek language, the Greek language will prevail over this document.

Table of contents

Conder	sed interim consolidated statement of profit or loss and other comprehensive income	2
Conder	sed interim consolidated statement of financial position	3
Conder	sed interim consolidated statement of changes in equity	4
Conder	sed interim consolidated cash flow statement	5
1.	General information	€
2.	Material accounting policies	6
2.1	Basis of preparation	6
2.2	Going concern	7
2.3	New Standards, standard amendments and interpretations	7
2.4	Accounting estimates and assumptions in the application of accounting policies	8
3.	Financial Risk Management	8
3.1	Credit risk	8
3.2	Liquidity Risk	. 14
3.3	Capital Adequacy	. 14
4.	Fair value of financial assets and liabilities	. 16
4.1	Financial assets and liabilities not carried at fair value	. 16
4.2	Fair Value Hierarchy	. 16
5.	Net interest income	. 20
6.	Net fee and commission income	. 20
7.	Gains/(losses) from the derecognition of financial assets measured at amortized cost	. 20
8.	Provision for expected credit losses	. 2:
9.	Income tax	. 2:
10.	Earnings per share	. 2:
11.	Cash and balances with the central bank	. 22
12.	Due from banks	. 23
13.	Financial assets at fair value through profit and loss	. 23
14.	Loans and advances to customers	. 23
15.	Financial assets at fair value through other comprehensive income	. 24
16.	Debt securities at amortized cost	. 24
17.	Investments in subsidiaries and associates	. 24
18.	Due to banks	. 25
19.	Due to customers	. 25
20.	Debt securities in issue and other borrowed funds	. 26
21.	Share Capital	. 26
22.	Commitments, pledged assets, contingent liabilities and assets	. 26
23.	Related party balances and transactions	. 28
23.1	Transactions with associates of Optima Bank	. 28
23.2	Related party transactions with managers, directors and persons related to them	. 28
23.3	Remuneration of Management and members of the Board of Directors	. 29
24.	Segment Reporting	. 29
25.	Events after the reporting period date	. 30

Condensed interim consolidated statement of profit or loss and other comprehensive income

Amounts in Eur '000	Note	1/1/2025- 30/9/2025	1/1/2024- 30/9/2024
Interest and similar income	5	204,788	187,005
Interest expense and similar charges	5	(51,354)	(45,912)
Net interest income		153,434	141,093
Fee and commission income	6	47,683	34,097
Fee and commission expense	6	(7,488)	(4,827)
Net fee and commission income		40,195	29,270
Dividend income		534	474
Gains/(losses) from financial transactions	7	13,382	14,829
Gains/(losses) from the derecognition of financial assets measured at amortized cost		4,073	1,998
Other operating income		1,106	363
		19,095	17,664
Total operating income		212,724	188,027
Staff costs		(26,685)	(22,876)
Other operating expenses		(15,494)	(12,306)
Depreciation & Amortization		(6,687)	(5,982)
Total operating expenses		(48,866)	(41,164)
Profit before provisions and taxes		163,858	146,863
Provision for expected credit losses	8	(15,117)	(10,726)
Total provisions		(15,117)	(10,726)
Share of profit/(loss) of associates		0	144
Profit before tax		148,741	136,281
Income tax	9	(25,384)	(28,099)
Profit after tax (a)		123,357	108,182
Profit attributable to:
Shareholders of the parent company		123,352	108,180
Non-controlling interests		5 123,357	2 108,182
Other comprenhesive income
Items that may be reclassified subsequently to the income statement
Reserve of debt instruments measured at fair value through other comprehensive income ("FVTOCI")		337	1,632
Deferred tax on reserve from valuation of debt instruments measured at fair value
through other comprehensive income ("FVTOCI")		(74)	(359)
Provision for expected credit losses for instruments measured at fair value through
other comprehensive income ("FVTOCI")		3	24
Total items that may be reclassified subsequently to the income statement		266	1,297
Other comprehensive income after tax (b)		266	1,297
Total comprehensive income after tax (a)+(b)		123,623	109,479
Total comprehensive income attributable to:
Shareholders of the parent company Non-controlling interests		123,618 5	109,477 2
		123,623	109,479
Earnings after tax per share - basic (in Eur)	10	0.56	0.49
Earnings after tax per share - adjusted (in Eur)	10	0.56	0.49

Condensed interim consolidated statement of financial position

Amounts in Eur '000	Note	30/9/2025	31/12/2024
ASSETS
Cash and balances with central bank	11	846,232	797,646
Due from banks	12	324,331	171,309
Financial assets measured at fair value through profit or loss	13	298,703	264,442
Derivative financial instruments		1,117	2,210
Loans and advances to customers	14	4,368,403	3,612,598
Financial assets measured at fair value through other comprehensive income	15	44,316	47,390
Debt securities at amortized cost	16	631,848	413,844
Investment in associates	17	609	609
Property, plant and equipment		10,626	10,717
Intangible assets		11,002	11,396
Right of use assets		17,817	19,595
Deferred tax assets		12,450	9,685
Other assets		152,976	179,506
Total assets		6,720,430	5,540,947
EQUITY AND LIABILITIES
Due to banks	18	148,798	115,563
Due to customers	19	5,648,054	4,643,412
Derivative financial instruments		4,073	5,318
Debt securities in issue and other borrowed funds	20	148,668	0
Lease liabilities		19,730	21,220
Retirement benefit obligations		1,210	1,027
Income tax liabilities		772	5,573
Other liabilities		44,143	124,368
Provisions		4,114	4,167
Total liabilities		6,019,562	4,920,648
Shareholders equity
Share capital	21	254,521	254,521
Share premium		84,114	84,114
Fair value through other comprehensive income reserve		(1,198)	(1,464)
Less: Treasury shares		(135)	(112)
Other reserves		31,620	31,620
Retained earnings		331,919	251,598
Total equity attributable to the Company's shareholders		700,841	620,277
Non-controlling interests		27	22
Total equity		700,868	620,299
Total liabilities and equity		6,720,430	5,540,947

Condensed interim consolidated statement of changes in equity

Amounts in Eur '000	Share capital	Share Premium	Fair value through other comprehensive income reserve	Treasury shares	Other reserves	Retained earnings	Total	Non Controlling Interest	Total
Balance as at 1 January 2024	254,245	84,114	(2,935)	(164)	30,146	144,651	510,057	20	510,077
Profit for the period, after income tax	0	0	0	0	0	108,180	108,180	2	108,182
Other comprehensive income
Gain from valuation recognised directly in equity	0	0	1,632	0	0	0	1,632	0	1,632
Loss transferred directly to equity	0	0	24	0	0	0	24	0	24
Minus: related income tax	0	0	(359)	0	0	0	(359)	0	(359)
Total comprehensive income (after taxes)	0	0	1,297	0	0	108,180	109,477	2	109,479
Retained earnings capitalisation	276	0	0	0	0	(276)	0	0	0
Dividends paid	0	0	0	0	0	(32,460)	(32,460)	0	(32,460)
Transfers	0	0	0	(84)	(5,827)	5,911	0	0	0
(Purchases)/sales treasury shares	0	0	0	209	0	0	209	0	209
Stock awards to personnel	0	0	0	0	501	233	734	0	734
Total transactions with equity shareholders	276	0	0	125	(5,326)	(26,592)	(31,517)	0	(31,517)
Balance as at 30 September 2024	254,521	84,114	(1,638)	(39)	24,820	226,239	588,017	22	588,039
Profit for the period, after income tax	0	0	0	0	0	32,044	32,044	0	32,044
Other comprehensive income
Gain from valuation recognised directly in equity	0	0	278	0	0	0	278	0	278
Loss transferred directly to equity	0	0	(43)	0	0	0	(43)	0	(43)
Minus: related income tax	0	0	(61)	0	33	0	(28)	0	(28)
Net actuarial loss recognised directly in equity	0	0	0	0	(152)	0	(152)	0	(152)
Total comprehensive income (after taxes)	0	0	174	0	(119)	32,044	32,099	0	32,099
Transfer to statutory reserve	0	0	0	0	6,918	(6,918)	0	0	0
Dividends paid	0	0	0	0	0	(1)	(1)	0	(1)
(Purchases)/sales of treasury shares	0	0	0	(73)	0	0	(73)	0	(73)
Stock awards to personnel	0	0	0	0	0	234	234	0	234
Total transactions with equity shareholders	0	0	0	(73)	6,918	(6,685)	160	0	160
Balance as at 31 December 2024	254,521	84,114	(1,464)	(112)	31,620	251,598	620,277	22	620,299
Balance at 1 January 2025	254,521	84,114	(1,464)	(112)	31,620	251,598	620,277	22	620,299
Profit for the period, after income tax	0	0	0	0	0	123,352	123,352	5	123,357
Other comprehensive income
Loss from valuation recognised directly in equity	0	0	337	0	0	0	337	0	337
Gain transferred directly to equity	0	0	3	0	0	0	3	0	3
Minus: related income tax	0	0	(74)	0	0	0	(74)	0	(74)
Total comprehensive income (after taxes)	0	0	266	0	0	123,352	123,618	5	123,623
Divestment from a subsidiary	0	0	0	0	0	(982)	(982)	0	(982)
Dividends paid	0	0	0	0	0	(42,049)	(42,049)	0	(42,049)
(Purchases)/sales treasury shares	0	0	0	(23)	0	0	(23)	0	(23)
Total transactions with equity shareholders	0	0	0	(23)	0	(43,031)	(43,054)	0	(43,054)
Balance as at 30 September 2025	254,521	84,114	(1,198)	(135)	31,620	331,919	700,841	27	700,868

Condensed interim consolidated cash flow statement

Amounts in Eur '000	Note	1/1/2025 - 30/9/2025	1/1/2024 - 30/9/2024
Cash flows from operating activities
Profit before tax		148,741	136,281
Adjustments for:
Depreciation & amortization		6,687	5,982
Fair value losses from financial assets measured at fair value		(10,937)	(7,614)
Interest and non-cash expenses		589	535
Dividend income		(534)	(474)
(Gain)/loss from derivatives valuation		643	(9,041)
Share of profit or loss from investments using the equity method		0	(144)
Provision for retirement benefit obligations		183	138
Employee benefits & other staff provisions		0	735
Provision for expected credit losses	8	15,117	10,726
(Gain)/loss from sale of assets		6	22
(Gain)/loss from carbon emission inventory at fair value		2,463	5,171
Accrued interest from financing activities		2,241	0
Foreign exchange differences		143	16
(Gains)/losses from sale of financial assets at fair value		0	(33)
Interest income from loans		(42)	0
		165,300	142,300
Changes in operating assets and liabilities
Financial assets measured at fair value through profit or loss		(24,843)	165,122
Loans and advances to customers		(771,334)	(848,952)
Due from banks		1,728	4,866
Other assets		18,727	(26,301)
Due to banks		33,235	35,878
Due to customers		1,002,414	939,824
Other liabilities		(79,319)	(5,876)
Interest paid		(1)	(1)
Net cash flows from operating activities before income tax		345,907	406,860
Income tax paid		(28,338)	(6,496)
Net cash flows from operating activities		317,569	400,364
Investing activities
Divestment from subsidiary		982	0
Acquisition of subsidiaries, associates, joint ventures and other investments		(353,469)	(338,586)
Disposal/maturity of investment portfolio securities		125,524	221,466
Interest received from investment portfolio securities		14,449	2,020
Dividends received		534	474
Proceeds from PPE sales		17	1
Purchase of PPE		(1,463)	(751)
Purchase of intangible assets		(1,991)	(1,724)
Net cash flow from investing activities		(215,417)	(117,100)
Financing activities
Purchase of treasury shares		(1,631)	(1,935)
Proceeds from disposal of treasury shares		1,608	2,143
Proceed/(repayments) from loans issued/undertaken		(42,049)	(32,460)
Proceeds from the issuance of debt securities and other borrowed funds		148,506	0
Payment of interest from the issuance of credit securities and other borrowed funds		(2,079)	0
Proceed/(repayments) from loans issued/undertaken		0	(2,024)
Repayments of lease liabilities (capital and interest)		(3,069)	(2,756)
Net cash flow from financing activities		101,286	(37,032)
Effect of exchange rate changes on cash and cash equivalents		(136)	(14)
Net increase/(decrease) in cash and cash equivalents		203,302	246,218
Cash and cash equivalents at beginning of period		941,070	577,613
Cash and cash equivalents at the end of period		1,144,372	823,831

Notes to the condensed interim financial statements 30 September 2025

1. General information

Optima Bank S.A. arose from the renaming of INVESTMENT BANK OF GREECE S.A.

The Bank provides a wide range of banking and brokerage services as well as investment banking services. It operates in accordance with the provisions of Law 4261/2014 and Law 4548/2014, as in force, under the supervision of the Bank of Greece, while being a member of the Athens Exchange and the Cyprus Stock Exchange. As of 30/9/2025 the Group employed 610 persons in total, while its registered office is located in the Municipality of Maroussi, Attica (32 Aigialeias St.)

The branches operating in Greece amount to 30.

The Condensed Interim Consolidated Financial Statements as of 30/9/2025, have been approved by the Board of Directors on 10/11/2025.

2. Material accounting policies

2.1 Basis of preparation

The Group prepared the condensed interim consolidated financial statements as of 30/9/2025 in accordance with the International Accounting Standard (IAS) 34 "Interim Financial Reporting", as adopted by the European Union, which should be read in combination with the annual financial statements of the Group for the fiscal year ending on 31/12/2024.

The accounting principles followed by the Group for the preparation of the condensed interim financial statements are consistent with those described in the published financial statements for the year ended 31/12/2024. Also, the amendments to standards issued by the International Accounting Standards Board (IASB), adopted by the European Union and applied from 1/1/2025 should be taken into account as detailed in note 2.3.

These condensed interim consolidated financial statements have been prepared on a historical cost basis, except for financial assets and liabilities (including derivative financial instruments and carbon emission rights) which are measured at fair value, and on the going concern basis.

The preparation of financial statements in accordance with IFRS requires the use of certain significant accounting estimates and the exercise of judgment by Management in the process of applying the accounting principles.

The amounts are presented in Euros, rounded to the nearest thousand (unless otherwise stated) to facilitate their presentation.

2.2 Going concern

The interim consolidated financial statements as of 30 September 2025 have been prepared on a going concern basis.

The Board of Directors has concluded that there are no material uncertainties that could raise significant doubt about the Group's ability to continue as a going concern for a period of at least twelve months from the date of the Interim Financial Statements.

More specifically, the Board took into consideration:

• The Greek economy's continued growth, despite existing macroeconomic risks (United States trade policy, war in Ukraine, tensions in the Middle East) mainly due to reliable fiscal policy and productive investments. Greece's inflation in the first nine months of 2025 declined compared to the corresponding period last year, the unemployment rate continues its downward trend and the state budget shows increased surpluses.
• The Group's ability to generate increasing profits. Specifically, during the first nine months of 2025, the Group's net profits amounted to Eur 123.4 million compared to Eur 108.2 million in the corresponding period of 2024, showing an increase of 14.02%. Furthermore, on 30/9/2025, the cost to income ratio (Cost to Income) amounted to 22.9% and the return on equity ratio (ROTE) to 25.3% - continuing to be consistently higher than the industry.
• Maintaining the Group's liquidity at high levels, by maintaining a high-quality liquid assets buffer. Specifically , the Group's Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) as of 30/9/2025 amounted to 227.45% and 135.97% respectively, well above the minimum regulatory threshold of 100%.
• The successful completion, on 25/6/2025, of the issuance of Eur 150 million Tier 2 unsecured subordinated notes within the framework of a medium-term issuance (EMTN) program of a total amount of Eur 500 million , which resulted in the strengthening of the Bank's capital position and capital adequacy ratios.

2.3 New Standards, standard amendments and interpretations

The amendments to standards that were applied from 1/1/2025 are listed below:

‣ Amendment to International Accounting Standard 21 "Lack of Exchangeability": The Effects of Changes in Foreign Exchange Rates.

Applicable for annual periods beginning on or after 1/1/2025.

The above amendment is not expected to have an impact on the Group's financial statements.

Additionally, the International Accounting Standards Board has issued the following standards and amendments to standards, which have not yet been adopted by the European Union and have not been early applied by the Group.

‣ Amendment to International Financial Reporting Standard 9 and International Financial Reporting Standard 7 "Classification and Measurement of Financial Instruments": Classification of financial assets and financial liabilities and settlement date.

Effective for annual periods beginning on or after 1/1/2026.

The above amendment is not expected to have an impact on the Group's financial statements.

‣ Amendment to International Financial Reporting Standard 9 and International Financial Reporting Standard 7 "Contracts Referring to Nature-Dependent Electricity": Under which conditions can a contract for renewable electricity dependent on the natural environment be defined as a hedging instrument.

Effective for annual periods beginning on or after 1/1/2026.

The Group will assess whether the above amendment will have an impact on the financial statements of the Group.

‣ New International Financial Reporting Standard 18 "Presentation and Disclosure in Financial Statements": Classification of income and expenses in the Financial Statements.

Effective for annual periods beginning on or after 1/1/2027.

The Group is assessing the impact it will have on the presentation of the financial statements of the Group.

‣ New International Financial Reporting Standard 19 "Non-Publicly Accountable Subsidiaries":

Disclosures by Non-Publicly Accountable Subsidiaries

Effective for annual periods beginning on or after 1/1/2027.

The above amendment is not expected to have an impact on the Group's financial statements.

2.4 Accounting estimates and assumptions in the application of accounting policies

In preparing the Interim Financial Statements for the period ended September 30, 2025, Management has applied accounting estimates and assumptions consistent with those disclosed in the Annual Financial Statements as of December 31, 2024. The key sources of estimation uncertainty and critical judgments that may affect the carrying amounts of assets and liabilities at the reporting date remain unchanged, and continue to reflect Management's best assessment based on the prevailing economic conditions and available information.

3. Financial Risk Management

3.1 Credit risk

Credit risk is the risk of financial loss due to the potential inability or unwillingness of a counterparty to fulfill its contractual obligations, resulting in the loss of capital and profit. Credit risk management focuses on ensuring a disciplined culture, transparency and rational risk-taking, based on recognised international practices.

Credit risk management methodologies are adjusted to reflect the economic environment at each time. The various methods used are annually reviewed, or whenever necessary, and are adjusted according to the Group's strategy and its short-term and long-term goals of the Group.

Loans and advances to customers

	Loans and advances to customers and impairment provisions per IFRS 9 Stage
Amounts in Eur ΄000	Stage 1		Stage 2		Stage 3		POCI			Total
30/9/2025	Gross loans and advances to customers	Impairments	Gross loans and advances to customers	Impairments	Gross loans and advances to customers	Impairments	Gross loans and advances to customers	Impairments	Gross loans and advances to customers	Impairments	Loans and advances to customers net value
Individuals
Consumer, personal &
other	31,337	289	25	1	26	26	0	0	31,388	316	31,072
Mortgages	166,949	398	197	10	19	7	0	0	167,165	415	166,750
Corporate
Large Corporate	2,045,735	13,718	134,388	6,740	24,628	5,482	0	0	2,204,751	25,940	2,178,811
SMEs	1,808,776	8,913	173,558	3,066	38,732	20,376	3,293	234	2,024,359	32,589	1,991,770
Total	4,052,797	23,318	308,168	9,817	63,405	25,891	3,293	234	4,427,663	59,260	4,368,403
Commitments relevant to credit risk
Letters of guarantee	953,971	2,042	126,310	1,556	0	0	0	0	1,080,281	3,598	1,076,683
Loan commitments	11,692	0	30	0	0	0	0	0	11,722	0	11,722
Total	965,663	2,042	126,340	1,556	0	0	0	0	1,092,003	3,598	1,088,405

			Loans and advances to customers and impairment provisions per IFRS 9 Stage
Amounts in Eur ΄000		Stage 1	Stage 2			Stage 3		POCI		Total
31/12/2024	Gross loans and advances to customers	Impairments	Gross loans and advances to customers	Impairments	Gross loans and advances to customers	Impairments	Gross loans and advances to customers	Impairments	Gross loans and advances to customers	Impairments	Loans and advances to customers net value
Individuals
Consumer, personal & other	34,965	127	29	3	19	19	0	0	35,013	149	34,864
Mortgages	132,641	371	0	0	0	0	0	0	132,641	371	132,270
Corporate
Large Corporate	1,606,696	10,559	99,297	4,072	11,720	4,096	0	0	1,717,713	18,727	1,698,986
SMEs	1,613,336	10,854	132,238	3,589	19,426	10,834	7,132	377	1,772,132	25,654	1,746,478
Total	3,387,638	21,911	231,564	7,664	31,165	14,949	7,132	377	3,657,499	44,901	3,612,598
Commitments relevant to credit risk
Letters of guarantee	765,362	2,952	89,770	696	0	0	0	0	855,132	3,648	851,484
Loan commitments	10,525	0	47	0	0	0	0	0	10,572	0	10,572
Total	775,887	2,952	89,817	696	0	0	0	0	865,704	3,648	862,056

				Movement in ECL allowance of loans and advances to customers measured at amortized						cost
					30/9/2025
			Individuals					Corporate					Total
Amounts in Eur ΄000	Stage 1	Stage 2	Stage 3	POCI	Total	Stage 1	Stage 2	Stage 3	POCI	Total	Stage 1	Stage 2	Stage 3	POCI	Total
ECL allowance as at 1/1/2025	498	3	19	0	520	21,413	7,661	14,930	377	44,381	21,911	7,664	14,949	377	44,901
Transferred from Stage 1 to Stage 2 or Stage 3	(20)	20	0	0	0	(3,813)	1,534	2,279	0	0	(3,833)	1,554	2,279	0	0
Transferred from Stage 2 to Stage 1 or Stage 3	254	(254)	0	0	0	2,523	(3,631)	1,108	0	0	2,777	(3,885)	1,108	0	0
Transferred from Stage 3 to Stage 1 or Stage 2	2	0	(2)	0	0	1,398	1,068	(2,466)	0	0	1,400	1,068	(2,468)	0	0
Allowances:	(47)	242	16	0	211	1,110	3,174	10,007	(143)	14,148	1,063	3,416	10,023	(143)	14,359
ECL impairment charge/(release) for the period (P&L) ECL impairment charge for new financial assets	(746)	242	16	0	(488)	(13,412)	3,144	10,007	(143)	(404)	(14,158)	3,386	10,023	(143)	(892)
originated or purchased (P&L)	699	0	0	0	699	14,522	30	0	0	14,552	15,221	30	0	0	15,251
ECL allowance as at 30/9/2025	687	11	33	0	731	22,631	9,806	25,858	234	58,529	23,318	9,817	25,891	234	59,260

					Movement in ECL allowance of loans and advances to customers measured at amortized cost
					31/12/2024
			Individuals					Corporate					Total
Amounts in Eur ΄000	Stage 1	Stage 2	Stage 3	POCI	Total	Stage 1	Stage 2	Stage 3	POCI	Total	Stage 1	Stage 2	Stage 3	POCI	Total
ECL allowance as at 1/1/2024	602	9	1,809	0	2,420	13,114	4,494	7,545	22	25,175	13,716	4,503	9,354	22	27,595
Transferred from Stage 1 to Stage 2 or Stage 3	0	0	0	0	0	(705)	602	103	0	0	(705)	602	103	0	0
Transferred from Stage 2 to Stage 1 or Stage 3	4	(9)	5	0	0	962	(1,140)	178	0	0	966	(1,149)	183	0	0
Transferred from Stage 3 to Stage 1 or Stage 2	8	2	(10)	0	0	1,561	2,138	(3,699)	0	0	1,569	2,140	(3,709)	0	0
Allowances:	(52)	4	(1,740)	0	(1,788)	5,158	(600)	4,856	(1)	9,413	5,106	(596)	3,116	(1)	7,626
ECL impairment charge/(release) for the period (P&L) ECL impairment charge for new financial	(619)	4	(1,740)	0	(2,355)	(9,841)	(600)	4,836	(1)	(5,606)	(10,460)	(596)	3,096	(1)	(7,961)
assets originated or purchased (P&L)	567	0	0	0	567	14,999	0	20	0	15,019	15,566	0	20	0	15,586
ECL allowance as at 30/9/2024	562	6	64	0	632	20,090	5,494	8,983	21	34,588	20,652	5,500	9,047	21	35,220
ECL allowance as at 1/10/2024	562	6	64	0	632	20,090	5,494	8,983	21	34,588	20,652	5,500	9,047	21	35,220
Transferred from Stage 1 to Stage 2 or Stage 3	0	0	0	0	0	(916)	893	23	0	0	(916)	893	23	0	0
Transferred from Stage 2 to Stage 1 or Stage 3	1	(2)	1	0	0	519	(533)	14	0	0	520	(535)	15	0	0
Transferred from Stage 3 to Stage 1 or Stage 2	0	0	0	0	0	263	252	(515)	0	0	263	252	(515)	0	0
Allowances:	(65)	(1)	1	0	(65)	1,457	1,555	6,425	356	9,793	1,392	1,554	6,426	356	9,727
ECL impairment charge/(release) for the period (P&L) ECL impairment charge for new financial assets	(115)	(1)	1	0	(115)	(4,142)	1,445	6,425	52	3,780	(4,257)	1,444	6,426	52	3,665
originated or purchased (P&L)	50	0	0	0	50	5,599	110	0	304	6,013	5,649	110	0	304	6,063
Write-offs	0	0	(47)	0	(47)	0	0	0	0	0	0	0	(47)	0	(47)
ECL allowance as at 31/12/2024	498	3	19	0	520	21,413	7,661	14,930	377	44,381	21,911	7,664	14,949	377	44,901

Bonds

The following table presents the quality of the bonds of the Group's own portfolio.

			30/9/2025
Debt Securities	Securities measured at fair value through other comprehensive income	Securities measured at fair value through profit or loss	Securities measured at amortized cost	Total	Expected credit loss for securities measured at fair value through other comprehensive income	Expected credit loss for securities measured at amortized cost	Total
Α- to ΑΑΑ	3,059	22,753	175,323	201,135	2	247	249
Β- to ΒΒΒ+	41,014	181,392	438,754	661,160	63	887	950
C- to CCC+	0	1,483	4,968	6,451	0	1	1
Not rated	0	54,080	14,071	68,151	0	132	132
Total	44,073	259,708	633,116	936,897	65	1,267	1,332

All securities in the portfolio measured through other comprehensive income and of the amortized cost portfolio are classified at "Stage 1".

			31/12/2024
Debt Securities	Securities measured at fair value through other comprehensive income	Securities measured at fair value through profit or loss	Securities measured at amortized cost	Total	Expected credit loss for securities measured at fair value through other comprehensive income	Expected credit loss for securities measured at amortized cost	Total
Α- to ΑΑΑ	2,286	19,153	50,354	71,793	0	28	28
Β- to ΒΒΒ+	44,839	191,199	333,685	569,723	62	485	547
C- to CCC+	0	3,900	15,346	19,246	0	178	178
Not rated	0	38,066	15,263	53,329	0	112	112
Total	47,125	252,318	414,648	714,091	62	803	865

All securities in the portfolio measured through other comprehensive income and of the amortized cost portfolio are classified at "Stage 1".

3.2 Liquidity Risk

The Group monitors and manages the Liquidity Coverage Ratio (LCR) and Net Fixed Funding Ratio (NSFR) in order to comply with the requirements of the regulatory framework.

The table below shows the relevant ratios.

		30/9/2025	31/12/2024
Regulatory Ratios	Minimum threshold	Ratio	Minimum threshold	Ratio
Liquidity Coverage Ratio (LCR)	LCR>100%	227.45%	LCR>100%	246.54%
Net Stable Funding Ratio (NSFR)	NSFR>100%	135.97%	NSFR>100%	127.11%

3.3 Capital Adequacy

The Group is subject to the supervision of the Bank of Greece, which sets and monitors the Group's capital adequacy requirements.

For the calculation of capital adequacy, the supervisory framework is applied, which was incorporated into European Union (EU) legislation with the adoption of Regulation (EU) 575/2013 of the European Parliament and of the Council ("CRR") on prudential requirements for credit institutions and investment companies, as amended and in force, as well as Directive 2013/36 (Capital Requirements Directive-CRD IV) and in Greek legislation by Law 4261/2014, as amended and in force.

According to this (Article 92(1) of Regulation (EU) No. 575/2013), the minimum capital adequacy ratios that each credit institution must comply with are the following:

• minimum Common Equity Tier 1-CET1 capital ratio of 4.5%,
• minimum Tier 1 capital ratio of 6%,
• and minimum total capital ratio (TCR) of 8%.

Under Pillar I, the Capital Adequacy Ratio is calculated as the ratio of regulatory own funds to total riskweighted assets relating to credit, operational and market risk and is related to internal and external asset items at an individual and consolidated level.

In March 2025, by decision of the Bank of Greece's Credit and Insurance Committee ("Determination of supervisory requirements for the credit institution "Optima Bank S.A.", based on the Supervisory Review and Evaluation Procedure (SREP)"), the Bank is required to maintain on an individual and consolidated basis a total SREP capital requirement (TSCR) of 11.06% and an overall capital requirement (Overall Capital Ratio - OCR) of 13.56%.

In the same decision, the direction to the Group and the Bank to maintain additional capital of 0.50%, in addition to the total capital requirements of the SREP and the capital conservation reserves, as Pillar 2 Capital Guidance, which will be covered by Common Equity Tier 1 (CET1) capital.

The total capital requirements on an individual and consolidated basis are detailed in the table below:

	Total Capital
Total Capital Requirements	(%)
Minimum Total Capital Ratio	8.00%
Additional Pillar II Own Funds Requirements (P2R)	3.06%
Total Capital Requirements EDEA (TSCR)	11.06%
(Capital Conservation Buffer - CCB)	2.50%
Overall Capital Requirements (OCR)	13.56%
Pillar 2 Guidance – P2G	0.50%
Overall Capital Requirements (OCR) & Pillar 2 Guidance (P2G) – (TRCR)	14.06%

More specifically, compliance with SREP's overall capital requirements includes:

• The total capital requirements of Pillar I amounting to 8% which should be satisfied at all times in accordance with article 92 paragraph 1 of Regulation (EU) no. 575/2013
• The additional capital requirements of Pillar II (P2R) amounting to 3.06% in the context of the implementation of the provisions of article 96A paragraph 1 (a) of Law 4261/2014
• The capital requirement to maintain a capital conservation buffer (CCB) of 2.5% in accordance with article 122 of Law 4261/2014.
• The direction in terms of additional Equity (Pillar 2 Capital Guidance) of maintaining an amount of 0.5% plus SREP's total capital requirements and safety reserves.

The Capital Adequacy ratio of the Group on 30/9/2025 and 31/12/2024 was structured as follows:

Amounts in Eur '000	30/9/2025(1)	30/9/2025	31/12/2024
Share Capital	254,521	254,521	254,521
Share premium	84,114	84,114	84,114
Less: Treasury Shares	(135)	(135)	(112)
Other Reserves	30,421	30,421	30,155
Retained Earnings	296,091	266,088	210,582
Less: Intagible assets	(10,416)	(10,416)	(10,775)
Other regulatory adjustments	(349)	(349)	5,720
Common Equity Tier 1 Capital ( CET1)	654,247	624,244	574,205
Additional Tier 1 instruments (ΑΤ1)	0	0	0
Additional Tier 1 Capital (ΑΤ1)	0	0	0
Tier 2 Capital (TIER2) Supplementary Own Funds	654,247	624,244	574,205
Tier 1 Capital (TIER1)	148,668	148,668	0
Total regulatory capital	802,915	772,912	574,205
Total risk weighted assets	4,940,033	4,940,033	3,988,249
CET1 Capital Ratio	13.24%	12.64%	14.40%
T1 Capital Ratio	13.24%	12.64%	14.40%
Total Regulatory Capital Ratio (TRCR)	16.25%	15.65%	14.40%

⁽¹⁾ The amounts have been calculated by including the profits of the period, incorporating a dividend distribution provision.

4. Fair value of financial assets and liabilities

4.1 Financial assets and liabilities not carried at fair value

The fair value represents the amount for which an asset could be replaced, or a liability settled, through an orderly transaction on the main or most advantageous market on the date of the measurement and under current market conditions (exit price). Differences may arise between the carrying amount and the fair value of financial assets of the statement of financial position and liabilities. At fair value are not measured:

(a) Due from banks

Due from other banks mainly include short-term interbank placements as well as other receivables such as loans to credit institutions.

The vast majority of placements mature within one month and therefore their fair value closely approximates their carrying amount.

(b) Loans and advances to customers

Loans to customers are presented after deducting the provision for impairment and most of the above are charged at a floating rate.

(c) Debt securities at amortised cost

Debt securities at amortised cost include bonds that are intended to be held to maturity for the purpose of collecting principal and interest.

(d) Due to customers

The fair value of deposits without fixed maturity (savings and sight) is the amount that the Group should repay upon whenever requested by the customer. Their fair value is equal to their carrying amount.

(e) Debt securities in issue and other borrowed funds

Liabilities from debt securities in issue and other borrowed funds include the subordinated bond (Tier II) issued by the Bank under the EMTN program, the fair value of which is determined by the stock exchange price.

4.2 Fair Value Hierarchy

IFRS 13 defines the valuation and control procedures regarding the objectivity of the data used by these models. The observable data are based on active markets and derived from independent sources, while nonobservable data refers to the Management assumptions and valuation models. These two methods for retrieving information generate the following hierarchy:

Level 1 - Quoted prices in active markets for identical financial assets or financial liabilities. This level includes listed shares, debt securities and listed derivatives.

Level 2 - Includes inputs other than the quoted prices included in Level 1. For similar financial asset or financial liability, for prices from inactive markets and data which are available in the market and can be used in calculating the value of the financial asset or financial liability. This level includes the majority of over-the-

counter (OTC) derivative contracts and various debt securities, the value of which is determined by valuation models, discounted cash flows and similar techniques using data related to the prices of the underlying securities, their volatility as well as interest rate curves such as ESTR and SOFR.

Level 3 – Includes inputs that are not based on observable market data (unobservable inputs). The Group adjusts the unobservable inputs according to the best possible information at its disposal and using in its assessment assumptions that would be used by market participants for the valuation of the financial asset or financial liability. This level includes capital investment and loan funds that are not traded in an active market, and there are no similar products that are traded. The valuation is based on data, observations and assumptions that require significant judgment from the Management.

Fair value hierarchy as of September 30, 2025:

Financial items measured at fair value

Amounts in Eur '000	30/9/2025
Financial assets measured at fair value	Level 1	Level 2	Level 3	Total fair value	Total accounting value
Financial assets measured at fair value through
profit and loss	263,581	1,304	33,818	298,703	298,703
Derivative financial instruments	894	223	0	1,117	1,117
Financial assets measured at fair value through
other comprehensive income	44,316	0	0	44,316	44,316
Total	308,791	1,527	33,818	344,136	344,136

Level 3 includes a bond from loan securitization which is calculated at fair value using the income approach method through the application of the discounted cash flow method. Its valuation depends on unobservable values which include future revenues, operating expenses and discount rates. The fair value of the bond from loan securitization held by the Group on 30/9/2025 was Eur 23,720 thousand and on 31/12/2024 Eur 26,080 thousand. Additionally, Level 3 includes a bond measured at fair value, amounting to Eur 10,098 thousand, which concerns a financial instrument that constitutes additional tier 1 capital (AT1), the fair value of which is estimated based on unobservable data.

Amounts in Eur '000 30/9/2025

Financial liabilities measured at fair value	Level 1	Level 2	Level 3	Total fair value	Total accounting value
Derivative financial instruments	750	3,323	0	4,073	4,073
Financial liabilities measured at fair value
through profit and loss	434	0	0	434	434
Total	1,184	3,323	0	4,507	4,507

There was no transfer of financial assets and financial liabilities between Levels 1 and 2 during the periods ended 30 September 2025 and 31 December 2024 for the Bank. During the aforementioned periods there are no transfer to and from Level 3.

Transfers between levels are considered to have occurred at the end of the reporting periods during which the financial instruments were transferred.

Financial items not measured at fair value

Amounts in Eur '000	30/9/2025
Financial assets	Level Level 1 2		Total fair value	Total accounting value
Due from banks	315,353	0	9,441	324,794	324,331
Loans and advances to customers	0	0	4,591,557	4,591,557	4,368,403
Debt securities at amortized cost	638,133	0	0	638,133	631,848
Total	953,486	0	4,600,998	5,554,484	5,324,582

Amounts in Eur '000	30/9/2025
Financial liabilities	Level 1	Level 2	Level 3	Total fair value	Total accounting value
Debt securities in issue and other borrowed
funds	154,133	0	0	154,133	148,668
Total	154,133	0	0	154,133	148,668

The following methods and assumptions were used to estimate the fair value of the above financial instruments on September 30, 2025 and December 31, 2024.

Due from banks: The fair value of due from banks approximates their carrying amount and is calculated using discounted cash flow models. Discount rates incorporate interest rate curves taking into account market data, expected credit risk and specific Bank/customer parameters.

Loans and advances to customers at amortized cost: Fair value is calculated using discounted cash flow models. Discount rates incorporate interest rate curves taking into account market data, expected credit risk and specific Bank/customer parameters.

Debt securities at amortized cost: Fair value is calculated with prices traded in the market.

Debt securities in issue and other borrowed funds: The fair value of the subordinated bond (Tier II) issued by the Bank on June 25, 2025, is determined based on the price on the Luxembourg stock exchange.

Fair value hierarchy as of December 31, 2024:

Financial assets measured at fair value

Amounts in Eur '000 31/12/2024 Financial assets measured at fair value Level 1 Level 2 Level 3 Total fair value Total accounting value Financial assets measured at fair value through profit and loss 235,546 2,816 26,080 264,442 264,442 Derivative financial instruments 56 2,154 0 2,210 2,210 Financial assets measured at fair value through other comprehensive income 47,390 0 0 47,390 47,390 Total 282,992 4,970 26,080 314,042 314,042

Amounts in Eur '000	31/12/2024
Financial liabilities measured at fair value	Level 1	Level 2	Level 3	Total fair value	Total accounting value
Derivative financial instruments	37	5,281	0	5,318	5,318
Total	37	5,281	0	5,318	5,318

Financial items not measured at fair value

Amounts in Eur '000 31/12/2024 Financial assets Level 1 Level 2 Level 3 Total fair value Total accounting value Due from Banks 162,356 0 9,332 171,688 171,309 Loans and advances to customers 0 0 3,830,727 3,830,727 3,612,598 Debt securities at amortized cost 420,226 0 0 420,226 413,844 Total 582,582 0 3,840,059 4,422,641 4,197,751

Movement of financial instruments at Level 3
Financial instruments measured at fair value through profit or loss
Balance as of 1/1/2024	30,696
Gain/(loss) recognised at profit or loss	2,042
Repayments	(5,435)
Balance as of 30/9/2024	27,303
Gain/(loss) recognised at profit or loss	1
Repayments	(1,224)
Balance as of 31/12/2024	26,080
Gain/(loss) recognised at profit or loss	1,749
Purchases/initial recognition	10,000
Repayments	(4,011)
Balance as of 30/9/2025	33,818

5. Net interest income

The breakdown of net interest income is as follows:

Amounts in Eur '000	1/1/2025 - 30/9/2025	1/1/2024 - 30/9/2024
Interest and similar income
Interest on debt securities at amortized cost	16,096	11,959
Interest on loans at amortized cost	167,717	152,965
Interest on due from banks	14,124	13,086
Other interest income	774	448
Interest on debt securities measured at fair value through other comprehensive
income	954	961
Total interest and similar income for financial instrument not measured at
FVTPL	199,665	179,419
Debt securities at fair value through profit and loss	4,203	5,579
Interest on derivatives	920	2,007
Total interest and similar income from financial instruments	204,788	187,005
Interest expense and similar charges
Interest on deposits	(44,726)	(40,399)
Interest on due to banks	(1,839)	(2,480)
Interest on debt securities and other borrowed funds	(2,241)	0
Interest on rights of use assets	(588)	(537)
Other interest expenses	(1,117)	(278)
Total interest expense and similar charges on financial instruments not
measured at FVTPL	(50,511)	(43,694)
Interest on derivatives	(843)	(2,218)
Total interest expense and similar charges	(51,354)	(45,912)
Net interest income	153,434	141,093

6. Net fee and commission income

The breakdown of net fee and commission income is as follows:

Amounts in Eur '000	1/1/2025 - 30/9/2025	1/1/2024 - 30/9/2024
Fee and commission income
Commission income from commercial transactions	3,953	3,209
Commission income from loans and letters of guarantee	18,261	15,066
Commission income from investment banking	7,549	4,740
Commission income from brokerage services	17,920	11,082
Total fee and commission income	47,683	34,097
Fee and commission expense
Commission expense from commercial transactions	(548)	(718)
Commission expense from brokerage services	(6,940)	(4,109)
Total fee and commission expense	(7,488)	(4,827)
Net fee and commission income	40,195	29,270

7. Gains/(losses) from the derecognition of financial assets measured at amortized cost

Amounts in Eur '000	1/1/2025 - 30/9/2025	1/1/2024 - 30/9/2024
Gains/(losses) from the derecognition of financial assets measured at amortized cost	4,073	1,998
Total	4,073	1,998

Gains/(losses) from the derecognition of financial assets measured at amortized cost include an amount of Eur 1,248 thousand relating to individual sales from the bond portfolio measured at amortized cost.

8. Provision for expected credit losses

The impairment provisions are broken down as follows:

Amounts in Eur '000	1/1/2025 - 30/9/2025	1/1/2024 - 30/9/2024
Provisions for loan impairment	(14,359)	(7,626)
Provision for impairment of letters of guarantee	50	(1,893)
Provisions for impairment of debt securities at amortized cost	(464)	(344)
Provisions for impairment of other receivables	34	41
Provisions for impairment of financial assets at fair value through the statement of
other income	(3)	(24)
Recoveries from written-off receivables	12	0
Gain/(loss) from modification of loans contractual terms	(387)	(880)
Total	(15,117)	(10,726)

9. Income tax

Amounts in Eur '000	1/1/2025 - 30/9/2025	1/1/2024 - 30/9/2024
Deferred tax	2,840	(12)
Current tax	(28,224)	(28,087)
Total	(25,384)	(28,099)

According to Law 4172/2013, the tax rate applicable in Greece for the reporting periods from 2021 onwards is 22%. Unaudited fiscal years for the Group's companies, are presented in note 17.

For the fiscal year 2024, the tax audit for the Bank performed by the Certified Auditors to obtain a tax certificate is in progress. Upon completion of the tax audit, the Group's management does not expect any significant tax liabilities to arise beyond those already recorded and reflected in the financial statements.

10. Earnings per share

The earnings per share are analysed as follows:

Basic and adjusted earnings per share

	1/1/2025 -	1/1/2024 -
Amounts in Eur '000	30/9/2025	30/9/2024
Profits attributable to the shareholders of the parent company	123,354	108,180
Weighted average number of common shares (in thousands)	221,297	221,296
Earnings after tax per share - basic (in Eur)	0.56	0.49

On May 23, 2024, the Bank's Annual General Meeting of Shareholders approved an increase in share capital through the capitalization of part of the undistributed profits of the 2023 financial year, amounting to €276,000. This was effected through the issuance of 80,000 new ordinary registered voting shares.

Ον April 29, 2025, the Bank's Annual General Meeting resolved to implement a stock split of all existing ordinary shares, without any change to the Bank's share capital. The split was effected at a ratio of three new shares for each existing share, resulting in a reduction in the nominal value per share from €3.45 to €1.15 and an increase in the total number of ordinary shares from 73,774,142 to 221,322,426.On 4 July 2025, the Athens Stock Exchange approved the listing for trading of the Bank's new shares resulting from the aforementioned. The ex-date for the right to participate in the share split was set as 9 July 2025, while the beneficiaries of the corporate action were the Bank's shareholders registered in the Dematerialized Securities System on 10 July 2025.The commencement of trading of the new common shares on the Athens Stock Exchange began on 14 July 2025.

In accordance with paragraph 64 of IAS 33, the weighted average number of ordinary shares has been retrospectively adjusted for all periods presented to reflect the impact of both the share capital increase and the share split.

11. Cash and balances with the central bank

The balance of cash and cash equivalents available for use, as well as central bank balances for the Group is broken down as follows:

Amounts in Eur '000	30/9/2025	31/12/2024
Cash	21,006	16,268
Deposits with central bank	825,226	781,378
Total	846,232	797,646

Cash and cash equivalents (as reported in the Cash Flow Statement)

Amounts in Eur '000	Note	30/9/2025	31/12/2024
Cash and deposits with central bank		846,232	797,646
Due from banks	12	298,140	143,424
Total		1,144,372	941,070

According to requirements from the Bank of Greece, the Group should keep deposits with the Bank of Greece with an average balance corresponding to 1.00% of their clients' total deposits.

The mandatory deposits at the central bank amount to €55,044 thousand as at 30/9/2025 (€39,718 thousand 31/12/2024).

12. Due from banks

The claims of the Group from deposits and transactions with other financial institutions are analyzed as follows:

Amounts in Eur '000	30/9/2025	31/12/2024
Due from banks - time deposits	0	10,016
Due from banks - sight deposits	298,140	133,408
Loans to financial institutions	8,978	8,953
Blocked deposits	5,519	3,485
Derivatives margin account	11,694	15,447
Total	324,331	171,309

13. Financial assets at fair value through profit and loss

Amounts in Eur '000	30/9/2025	31/12/2024
Shares and other variable yield securities
Equity securities listed in Athens Stock Exchange	37,691	9,308
Treasury bills	170,911	186,918
Corporate bonds	52,972	39,320
Bank bonds	2,007	0
Financial assets mandatorily classified at fair value through profit and loss
Mutual funds	1,304	2,816
Other bonds	33,818	26,080
Total	298,703	264,442

14. Loans and advances to customers

The loans portfolio is broken down as follows:

Amounts in Eur '000	30/9/2025	31/12/2024
Loans and advances to customers measured at amortized cost
Consumer, personal & other	31,388	35,013
Mortgages	167,165	132,641
Large Corporate	2,157,108	1,717,713
SMEs	1,987,474	1,772,132
Leasing	84,528	0
	4,427,663	3,657,499
Less: Provisions for impairment of loans and advances to customers	(59,260)	(44,901)
Carrying amount of loans and advances to customers measured at
amortized cost after provisions	4,368,403	3,612,598

The movement in the expected credit losses are broken down as follows:

Amounts in Eur '000

	Note
Balance at 1 January 2024	(27,595)
Provisions for the period	8 (7,626)
Balance at 30 September 2024	(35,220)
Balance a 1 October 2024	(35,220)
Provisions for the period	(9,728)
Loans written-off	47
Balance at 31 December 2024	(44,901)
Balance at 1 January 2025	(44,901)
Provisions for the period	8 (14,359)
Balance at 30 September 2025	(59,260)

15. Financial assets at fair value through other comprehensive income

The portfolio measured at fair value through other comprehensive income includes shares and bonds.

Amounts in Eur '000	30/9/2025	31/12/2024
Fixed income securities
Government bonds	20,165	17,432
Corporate bonds	3,708	10,877
Bank bonds	20,199	18,815
Total fixed income securities	44,072	47,124
Variable yield securities
Equity securities listed in Athens Stock Exchange	238	260
Non-listed securities	6	6
Total equity variable yield securities	244	266
Total	44,316	47,390

The Group has classified financial assets at fair value through other comprehensive income shares which are strategic and operational investments with a long-term horizon.

16. Debt securities at amortized cost

The Group's debt securities at amortized cost are analyzed as follows:

Amounts in Eur '000	30/9/2025	31/12/2024
Debt securities at amortized cost
Government Bonds	347,311	161,834
Treasury bills	34,784	0
Corporate bonds	117,026	102,371
Bank bonds	133,995	150,442
Expected credit losses	(1,268)	(803)
Total	631,848	413,844

17. Investments in subsidiaries and associates

Subsidiaries					30/9/2025		31/12/2024
Corporate Name	Country	Business activity	Tax unaudited years	% Direct investment	% Indirect investment	% Direct investment	% Indirect investment
IBG CAPITAL S.A.	Greece	Capital & Holdings Company	2020-2024	100,00%	0,00%	100,00%	0,00%
ΙΒG INVESTMENTS S.A.	British Virgin Islands	Investment Company	2020-2024	0,00%	0,00%	79,04%	20,96%
OPTIMA FACTORS S.A.	Greece	Factoring Company	2020-2024	100,00%	0,00%	100,00%	0,00%
OPTIMA ASSET MANAGEMENT Α.Ε.D.Α.Κ.	Greece	Asset Management Company	2020-2024	99,44%	0,00%	99,44%	0,00%
OPTIMA LEASING S.A.	Greece	Leasing Company	2024	100,00%	0,00%	100,00%	0,00%

Associates				30/9/2025	31/12/2024
Corporate Name	Country	Business activity	Tax unaudited years	% Investment	% Investment
NOTOS COM HOLDINGS S.A.	Greece	Commercial representative, exclusive import and trading of cosmetics, personal care products, clothing, footwear and stationery	2020-2024	25,00%	25,00%

The above tables present the participations held by the Bank. The liquidation and write off of IBG INVESTMENTS S.A. from the relevant companies register , a subsidiary of the Bank based in the British Virgin Islands, was completed on 27/6/2025. At Group level, the financial outcome arising from the liquidation of the company amounted to Eur 979 thousand and has been classified under 'Other Operating Income'.

The movement in the item "Investments in subsidiaries and associates" of the Group and the Bank is broken down as follows:

The movement in the item "Investments in associates" of the Group is broken down as follows:

Amounts in Eur '000	30/9/2025	31/12/2024
Balance at 1 January 2025	609	260
- Share of profit/(loss) of associates	0	349
Balance at 30 September 2025	609	609

18. Due to banks

The due to other credit institutions are broken down as follows:

Amounts in Eur '000	30/9/2025	31/12/2024
Due to banks - sight deposits	2,044	421
Due to banks - time deposits	75,673	71,035
Listed derivatives margin account	0	850
Other Deposits	71,081	43,257
Total	148,798	115,563

The "Other Deposits" line includes the balances of agreements to grant government bonds to credit institutions with parallel repurchase agreements (repo transactions) for the purposes of raising liquidity.

The fair value of liabilities to financial institutions approximates their carrying amount.

19. Due to customers

The deposits and other customers' accounts are broken down as follows:

Amounts in Eur '000	30/9/2025	31/12/2024
Sight deposits	2,153,854	1,617,438
Savings accounts	1,577	1,494
Time deposits	3,086,675	2,701,079
Blocked deposits	264,192	218,071
Other deposits	126,553	83,261
Cheques payable	15,203	22,069
Total	5,648,054	4,643,412

The item "Other Deposits" includes the balances of the brokerage accounts of the Bank's customers. The fair value of "due to customers" approximates their carrying amount.

20. Debt securities in issue and other borrowed funds

On 25/6/2025, the Bank issued, within the framework of the European Medium Term Note Programme (Euro Medium Term Note), a Tier II Subordinated Bond with a nominal value of Eur 150 million. Its duration is 10.25 years with a fixed interest rate of 5.50% for the first 5.25 years, which in the event of non-call, is adjusted to a 5-year mid SWAP plus 3.251%.

21. Share Capital

The share capital as of 30 September 2025 and 31 December 2024 amounts to €254,521 thousand. On 30 September 2025, the share capital is divided into 221,322,426 common registered shares with voting rights, with a nominal value of €1.15 each (73,774,142 common registered shares with voting rights with a nominal value of €3.45 as of 31 December 2024).As of 30 September 2025, the Bank holds 34,641 treasury shares.

		Number of Shares
	Bank		Group
			Net number of
	Issued shares	Treasury shares	shares
Balance 1 January 2024	73,694,142	(23,298)	73,670,844
Capitalisation of earnings	80,000		80,000
Purchases of treasury shares		(302,174)	(302,174)
Sales of treasury shares		316,279	316,279
Balance 31 December 2024	73,774,142	(9,193)	73,764,949
Balance 1 January 2025 Share capital decrease with split (1 old for 3	73,774,142	(9,193)	73,764,949
new shares)	147,548,284	(18,386)	147,529,898
Purchases of treasury shares	0	(1,054,907)	(1,054,907)
Sales of treasury shares	0	1,047,845	1,047,845
Balance 30 September 2025	221,322,426	(34,641)	221,287,785

22. Commitments, pledged assets, contingent liabilities and assets

a) Contingent liabilities from guarantees

The nominal values of the contingent and undertaken liabilities are broken down as follows:

Amounts in Eur '000	30/9/2025	31/12/2024
Letters of guarantee issued	1,080,288	855,132
Total	1,080,288	855,132

In addition to the above, on September 30, 2025 the credit commitments include approved loan agreements and credit limits of Eur 1,624,585 thousand for the Group (December 31, 2024: Eur 1,317,046 thousand).

Approved undisbursed loan agreements and approved lines of credit are revocable commitments as they include amounts that can be unconditionally canceled at any time without notice and require the Bank's prior approval.

b) Contingent tax liabilities

For the fiscal years 2011 to 2016, the Greek entities of the Group were subject to mandatory tax audits conducted by statutory auditors, in accordance with Law 4174/2013 (Article 65A, as currently in force, and previously under Article 82 of Law 2238/1994). As of the fiscal year 2016, the issuance of the Tax Certificate became optional. Nevertheless, management has opted to continue this practice for the company and its domestic subsidiaries, aiming to ensure a high level of tax compliance.

The Bank has been audited by independent auditors (Deloitte S.A.) for the fiscal years 2017 through 2023, with the corresponding Tax Certificate issued without qualifications or findings. The tax audit for the fiscal year 2024 is currently in progress and is not expected to have a material impact on the Consolidated Financial Statements.

In accordance with the new Tax Procedure Code (Law 5104/2024), the Tax Administration retains the right to conduct audits within the statutory limitation periods. As of September 30, 2024, the State's right to issue corrective tax assessment acts has lapsed for fiscal years up to and including 2019. For subsequent fiscal years, even in cases where an unqualified Tax Certificate has been issued, the competent authorities retain the right to perform regular tax audits, pursuant to POL.1006/2016.

Information regarding the unaudited tax years of the Bank's subsidiaries is disclosed in Note 17.

c) Contingent legal obligations

There are no pending legal liabilities or obligations that could materially affect the financial position of the Group on September 30, 2025, except the cases for which a relevant provision has been formed.

d) Assets commitments

Due from banks:

• Placements of Eur 25,585 thousand concern derivative instruments transaction guarantees as of 30/9/2025 (Eur 25,622 thousand as of 31/12/2024).
• Carrying amount of Eur 5,519 thousand as of 30/9/2025 (Eur 3,485 thousand on 31/12/2024) relates to counter-guarantees for letters of guarantee issued by cooperating banks. These are cases where the Bank does not have a correspondence relation with the beneficiary's Bank.

Investment and trading portfolio securities:

• Carrying amount of Eur 3,326 thousand on 31/12/2024 concerns the lending of securities to cooperating banking institutions in the framework of the utilization of the bank's assets while earning interest income. At 30/9/2025, no securities were outstanding under lending arrangements.

Loans and advances to customers:

A nominal amount of Eur 44,438 thousand corresponds to a portfolio of loan claims against businesses (pool of credit demands) on 31/12/2024, which is accepted by the Bank of Greece as security for monetary policy

operations of the Eurosystem. The upper amount is subject to a 60% cut (haircut) and is finally set at Eur 17,775 thousand, which is also the maximum potential amount of funding from the Eurosystem against the portfolio of loan claims. As of 30/9/2025, the pool of credit demands was zero.

23. Related party balances and transactions

All transactions are objective, are conducted at arm's length and fall within the scope of the normal activities of the Group. The volume of transactions per category is presented below.

23.1 Transactions with associates of Optima Bank

Amounts in Eur '000	30/9/2025	31/12/2024
a) Accounts Receivable
Receivables from associates
Loans and advances to customers Other receivable	15,767 14	16,343 0
Total	15,781	16,343
	1/1/2025-	1/1/2024 -
Amounts in Eur '000	30/9/2025	30/9/2024
b) Income
Income from associates
Interest and similar income	781	673
Fee and commission income	164	74
Total	945	747
	1/1/2025-	1/1/2024 -
Amounts in Eur '000	30/9/2025	30/9/2024
c) Expenses
Expenses from associates
Fee and commission expenses Total	(1) (1)	0 0

It is noted that the above transactions are carried out within the framework of business as usual, based on the arm's length principle and the usual commercial terms for relevant transactions with third parties (market terms).

23.2 Related party transactions with managers, directors and persons related to them

Amounts in Eur '000	30/9/2025	31/12/2024
a) Accounts receivable
Loans and advances to customers	2,166	1,848
Total	2,166	1,848
Amounts in Eur '000	30/9/2025	31/12/2024
b) Accounts payable
Due to customers	4,654	5,413
Total	4,654	5,413

Amounts in Eur '000 c) Income	1/1/2025- 30/9/2025	1/1/2024 – 30/9/2024
Interest and similar income	36	62
Fee and commission income	10	16
Total	46	78

It is noted that the above transactions are carried out within the framework of business as usual, based on the arm's length principle and the usual commercial terms for relevant transactions with third parties (market terms).

23.3 Remuneration of Management and members of the Board of Directors

Amounts in Eur '000	1/1/2025 - 30/9/2025	1/1/2024 - 30/9/2024
Salaries, social insurance contributions and other expenses	2,475	3,159
Compensation & other benefits	114	106
Share based payments	0	735
Total	2,589	4,000

24. Segment Reporting

Bank's management monitors returns from banking, treasury, and capital market activities on an aggregated basis. The amounts related to the net revenues of the business sectors derive from direct net revenues and do not include internal allocations and financing between sectors.

As regards the costs, they are reported in total, since they are monitored at the level of the business owner by the Bank's management.

At the same time, the Bank's Management monitors separately the results of the Group's subsidiaries.

Amounts in Eur '000	1/1/2025 - 30/9/2025 Total					Total
	Banking	Brokerage	Treasury	Other	Bank	Subsidiaries	Eliminations	Group
Income from operating activities
Net interest income	118,550	1,919	32,767	(2,828)	150,408	2,989	37	153,434
Net fee and commission income	26,744	9,364	0	9	36,117	4,078	0	40,195
Gains/losses from financial transactions	0	0	12,192	1,651	13,843	73	0	13,916
Other operating income	0	0	1,765	3,419	5,184	(5)	0	5,179
Total operating income	145,294	11,283	46,724	2,251	205,552	7,135	37	212,724
Other non allocated amounts					(61,797)	(2,185)	0	(63,982)
Profit before tax					143,755			148,741
Profit after tax					119,412			123,357
Assets 30/9/2025	4,314,892	115,586	2,109,702	161,160	6,701,340	291,084	(271,994)	6,720,430
Liabilities 30/9/2025	5,588,602	83,357	157,994	190,738	6,020,691	250,827	(251,956)	6,019,562

Amounts in Eur '000					1/1/2024 - 30/9/2024
	Banking	Brokerage	Treasury	Other	Total Bank	Subsidiaries	Eliminations	Total Group
Income from operating activities
Net interest income	108,685	2,010	28,821	(536)	138,980	2,068	45	141,093
Net fee and commission income	19,793	6,210	0	20	26,023	3,214	33	29,270
Gains/losses from financial transactions	0	0	13,166	2,043	15,209	94	0	15,303
Other operating income	0	0	355	2,131	2,486	18	(143)	2,361
Total operating income	128,478	8,220	42,342	3,658	182,698	5,394	(65)	188,027
Other non allocated amounts					(49,787)	(1,719)	(240)	(51,746)
Profit before tax					132,911			136,281
Profit after tax					105,321			108,182
Assets 31/12/2024	3,588,389	90,987	1,707,272	145,545	5,532,193	186,053	(177,299)	5,540,947
Liabilities 31/12/2024	4,609,620	50,978	212,484	56,066	4,929,148	147,499	(155,999)	4,920,648

25. Events after the reporting period date

There were no events after the reporting date that would require disclosure or adjustment in the financial statements.

Maroussi, November 10, 2025

The Chairman of the Board of Directors

The Chief Executive Officer

Georgios Taniskidis Dimitrios Kyparissis

The Head of Finance The Head of Accounting and Tax Services

Angelos Sapranidis Eleni Peristera