GRÁNIT Bank Nyilvánosan Működő Részvénytársaság

Investor Presentation • Sep 17, 2025

Investor presentation on GRÁNIT Bank Nyrt. 2025. First half-year results (based on unaudited separate and consolidated figures)

Budapest, August 25, 2025

Gránit Bank closed the first half of the year with record-high results, outstanding growth, excellent cost efficiency, high-quality portfolio, and cutting-edge innovations

• Record high pre-tax and after-tax results for the first half of the year
  • HUF 11.6 billion pre-tax profit, 19.8% higher than in the same period a year earlier and 40% higher than in the previous half-year.
  • The HUF 10.6 billion after-tax profit exceeded the half-year profit of the previous year by 25.9% and the adjusted profit of the previous half-year (H2 2024) by 50%.
• Outstanding business activity, multiple growth rate compared to the banking sector average
  • Ten times faster growth in customer loans and bond portfolios compared to the banking sector average, both in the past year and in the last half-year (H1 2025 Y/Y: GB: 55.8% / Banking sector: 4.1%, H1 2025 H/H: GB: 25.7% / Banking sector: 0.5%), driven mainly by corporate and institutional lending activity (H1 2025 Y/Y: GB: 57.9% / Banking sector: 1.3%, H1 2025 H/H: GB: 26.6% / Banking sector: -1.4%).
  • Customer deposits grew at twice the rate (Y/Y: 12%) of the banking sector average (Y/Y: 6%) over the past year, and the growth rate was more than three times that of the banking sector in the first half of 2025 (GB: H/H:1.9%, banking sector H/H: 0.6%). The growth dynamics of the deposit portfolio were largely driven by retail deposits growth: retail deposits grew three times faster than the market average (GB: 28.3% Y/Y, banking sector 9.3% Y/Y), with a 15% increase compared to the end of the previous half-year, which is also nearly three times the market's 5.5% growth.
• Excellent cost efficiency and high profitability
  • The Bank's cost efficiency advantage remains significant, adjusted operating cost/total assets ratio was twice as good as the banking sector average; stood at 0.93% at the end of H1 2025, compared to 1.82% for the banking sector. During the same period, the adjusted operating cost/net income ratio was 31.1%, which is 5.13 percentage points better than the banking sector average. The Bank achieved an extremely high return on equity of 27.9% in the first half of 2024, which was went down to 12% due to the HUF 64.6 billion capital increase completed in the Q4 last year. The Bank's exceptional results in the first half of 2025 led to a significant improvement in profitability, increasing ROE to 18.6%.
• Excellent asset quality
  • The non-performing loan (NPL) ratio is 0.11%, compared to the banking sector's around 2% (Q1 2025 data). The asset quality indicator is 0.09% better than a year ago and 0.10% better than at the end of the previous half-year.
• Cutting edge innovations
  • The Bank released a new version of its mobile banking app every two and a half weeks in the first half of 2025, enhancing the UX experience and introducing new features and products, while continuously developing and fine-tuning its Agentic AI solutions and investment services. It enables customers to use daily banking and investment services in a single mobile application as part of a fully end-to-end digital solution. New products were added to Gránit Guru, and a brand new Agentic AI solution has been launched in processing mortgage loan applications. The Bank has become a sub-aggregator in the qvik payment system and is the only institution capable of performing batch settlement. The Bank has introduced a credit card that can be applied for fully digitally in the e-banking mobile app.
• Stable capital position
  • Both T1 and total standalone capital adequacy ratios were 20.9% at the end of the first half of the year, which is significantly higher than regulatory requirements.
• ESG commitment
  • Carbon-neutral operation since 2020

Gránit Bank's pre-tax profit was HUF 11.6 billion, which is the highest half-year result of all time, exceeding the previous half-year's performance by nearly 40%

Earnings

• Gránit Bank's pre-tax profit was HUF 11.6 billion, which is 39.6% higher than that of the previous half-year and 19.8% higher than that of the same period of the previous year.
• Its adjusted profit after tax was HUF 10.6 billion, which is 50.5% higher than that of the previous six months and 25.9% higher than that of the same period of the previous year.
• The increase in profit is the result of the combination of higher interest income from lending activities, dividends received and lower interest income from excess liquidity.
• The net business margin was 3.1% at the end of H1 2025, of which the net interest margin was 2.1% in the first half of this year, which was 7 basis points higher than in the previous half-year period and 35 basis points lower than in the same period of the previous year. There are essentially two reasons for this: the Bank consistently maintains a loan-to-deposit ratio below the sector average, and the more than 2% decline in the forint interest rate environment reduced the interest income available on excess liquid assets, which was only partially offset by robust loan growth.

Profitability

Return on equity was 18.6%, which is 55.4% higher than in the previous half-year. The reason for the lower return on equity compared to the same period a year earlier is that pre-tax profit increased by nearly 20% over the year, while equity was 74.3% higher as a result of the capital increases and the retained profits. In line with its strategic path, the Bank began developing higher-margin business lines and products for both retail and corporate customers (credit cards, standardized SME services) this year.

after tax: HUF 8.4 billion

Gránit Bank maintains the cost efficiency advantages of its digital operating model

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|4 | ¹Excluding the effects of special systemic taxes

Gránit Bank achieved its highest pre-tax and after-tax profit in the recent period, which contributed to its performance exceeding the strategic goal

10,6

+25,9%

0,5 1,5 1,7 2,8 2020 H2 2021 H1 2021 H2 2022 H1 2023 H1 2023 H2 2024 H1 2024 H2 2025 H1 7,0 10,5 11,3 6,0 9,7 2022 H2 11,6 2020 H1 8,3 +19,8% The standalone pre-tax profit in H1 2025 is nearly 40% higher +39,6% than in the second half of last year and nearly 20% higher than in the same period of the previous year.

The standalone accounting profit after tax in H1 2025 is nearly 26% higher than in the first half of last year (H1 2024) and 50.5% higher than that of the previous half-year (H2 2024).

Standalone after-tax profit compared to strategic goal (2025 H1, individual; HUF billion)

*Data without special tax adjustments, accounting profit after tax: HUF 8.4 billion

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Gránit Bank's total assets amounted to HUF1,599 billion, representing a 10.8% increase compared to the same period last year, while equity rose by 74% in one year. Both capital and total assets growth rate exceeded banking sector average

• Total assets grew by 10.8% over the past year (first half of 2025/first half of 2024), significantly exceeding the market average growth rate of 2.7%. The growth was driven by a 12% increase in deposits (HUF 126 billion) and a 74.3% increase in equity (the total of HUF 64.4 billion from capital increase and retained profit).
• Equity increased by 7.3% compared to the end of the previous half-year, versus the 6% growth in the banking sector.
• The HUF 64.4 billion increase in equity is the result of HUF 16.9 billion retained earnings after 2024, HUF 30 billion in capital increase by ESOP (Employee Stock Ownership Program) Organization, and HUF 17.7 billion in IPO capital increase.

Over the past year, Gránit Bank has increased its loan portfolio¹ more than ten times faster than the market average, and its deposit portfolio nearly twice as fast

• The loan portfolio, including financing provided to corporates, institutions and individuals grew by 55.8% in one year, while the market expanded by 4.1%. Gránit Bank also outperformed its competitors on average in the first half of the year (Gránit Bank: 25.7%, banking sector: 0.5%).
• Customer deposits grew by 12.0% over 12 months, compared to a 6.1% increase in the market, with the growth rate difference exceeding threefold in the past six months (Gránit Bank: 1.9%, banking sector: 0.6%).
• With the expanding business activity, the loan-to-deposit ratio rose to 75.2%, which is still significantly more conservative than the sector average of 103.4%.
• The ratio of non-performing loans was 0.11% (0.10 percentage points lower than in the previous period), and the risk cost was 0.11%.

¹Corporate, institutional and retail loans, corporate and institutional bonds at gross book value, excluding accrued interest;² first half-year market data to be published in September

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Loans to corporates and institutions grew more than forty times faster than the sector average over the course of a year, while in a half-year comparison growth rates difference was more than twentyfold

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1 First half-year market data will be published in September.

Retail deposits at Gránit Bank are growing three times faster than the industry average, while loan volumes are expanding at 2.5 times the sector rate

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June market data will be published in September.

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Leading innovations: expanding AI capabilities, launching a mortgage-loan document agent, credit cards, and broadening the savings product lineup

Business development | Retail banking

Credit card

The Bank has entered the credit card market: the Gránit Gold Mastercard Credit Card can be applied for digitally from the eBank application, initially for our existing customers. The credit application can be submitted with just a few clicks, and the credit card can be used as early as the next day.

Customers can use eBank to make a single transaction to open a "Hozampáros" deposit account and purchase investment funds. This function checks that a securities account exists and that new-fund and minimum requirements are met — then makes transactions easier with pre-filled fields, validations, and a top-3 featured investment funds list.

C

Regular investment fund purchase

The bank's aim is to encourage customers to save regularly. Customers can easily place recurring investment-fund purchase orders in the eBank. The bank also incentivize regular savings with a promotion: if a customer saves monthly for one year, the bank credits them an amount equal to one month's savings (up to HUF 40,000). The bank provides tips to help customers choose the right account (TBSZ or securities account), features the top three investment funds, shows the funds' risk ratings, and obtains the customer's acceptance of the promotional terms.

Workers' loans can be applied for digitally

The product can be applied for via the eBank application or submitted by email, and the contract is concluded via VideoBank.

Discounted currency exchange is also available in Romanian lei

Foreign currency exchange at the mid-market rate is also available for Romanian Lei-based accounts.

Efficiency improvement | Document processing using AI

Mortgage loan AI assistant

• As the next step in the long-term strategy, Gránit Bank has launched an artificial intelligencesupported mortgage lending process.
• The aim of the solution is to
  • o reduce the time required to disburse loan amounts,
  • o increase the efficiency of loan officers, and
  • o thereby further improve cost efficiency.
• With this new solution, an AI-based agent will participate alongside loan officers in assessing the documentation submitted by clients.

Gránit Bank's performance has been recognized with 10 awards to date in 2025

The Gránit Bank Group continues growth at the consolidated level, in full alignment with strategy

Pre-tax profit for the first half of the year increased compared to the previous half-year, excluding special taxes

Pre-tax profit excluding special systemic taxes was HUF 13.5 billion, which is 1.6% higher than in the previous half-year. Accounting pre-tax profit was HUF 9.2 billion, which is HUF 1.6 billion lower than a year earlier and HUF 3.3 billion lower than in the previous half-year. The principal driver is that, across a one-year period, the Bank consistently operated with a loan-to-deposit ratio below the sector average, while the 2.3% drop in BUBOR interest-rate depressed interest income on excess forint liquidity. So far, this has only been partially offset by higher interest income from the robust loan growth. The latter positive trend is indicated by the fact that, on a half-year basis, interest and commission income increased by more than 5.0% compared to the previous half-year.

Outstanding business activity across loans, deposits and assets under management

• Over both the past year and the last six months, the banking group significantly increased its business activity, with growth of 59.9% year-on-year and 25.7% on a half-year basis.
• In the first half of the year the Group's customer deposits increased 12.1% year-on-year and 2.4% over the past six months.
• Assets under management totaled HUF 3,315 billion, up 13.8% compared with the same period last year.

Excellent cost efficiency and strong profitability

At group level, adjusted operating costs to total assets stood at 1.6% and adjusted operating costs to net income at 48.2% — both higher than Gránit Bank's standalone ratios, primarily reflecting the different operating models of group members. Operating costs to total assets remained virtually unchanged (H1 2024: 1.48%; H2 2024: 1.48%; H1 2025: 1.58%). The adjusted cost-to-income ratio rose materially (H1 2024: 41.8%; H2 2024: 47.3%; H1 2025: 48.2%), largely due to the August 2024 acquisition of the leasing company amid significant business development. The Bank Group's capital-adjusted profit was 20.7% at the end of H1 2025, below both the year-ago and the previous half-year figures, mainly because of the capital increases during the period and lower interest income on excess liquidity.

Excellent asset quality

The non-performing loan (NPL) ratio stands at 0.2% and is effectively unchanged, considering the leasing company's higher NPL ratio of 1.6%.

Cutting edge innovations and growing synergies

During H1 2025 Gránit Bank released a new version of its mobile banking app every 2.5 weeks, improving the UX and adding new features and products. At the same time the Bank continuously developed its Agentic AI solutions and investment services, enabling customers to access daily banking, savings and investment services through a single end-to-end mobile app. Gránit Guru was expanded with new products and Agentic AI is now used in mortgage-application processing. The Bank became a sub-aggregator in the qvik payment system and the only provider capable of batch settlement. The Bank also launched a credit card with a fully digital application process. Subsidiaries further enhanced their digital offerings, and the Group is harnessing synergies across areas such as making investment funds available to purchase in the mobile app, cross-serving customers, and sharing analyst resources.

Stable capital position

Both the consolidated Tier-1 (T1) and total capital adequacy ratios stand at 17.3%, well above regulatory requirements.

ESG commitment

ESG fund management, greening of real estate funds.

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The Granit Bank Group's pre-tax profit was HUF 13.5 billion (excluding lump-sum special systemic taxes), up 1.6% from the previous half-year

Profit

• Gránit Bank's consolidated pre-tax profit was HUF 9.2 billion, and HUF 13.5 billion excluding lump-sum special systemic taxes, which is 1.6% higher than in the previous half-year. The pre-tax profit without special systemic taxes increased by HUF 0.2 billion in the first half of 2025 versus H2 2024, which is the result of a HUF 0.64 billion rise in interest and commission income and a smaller HUF 0.37 billion increase in operating costs.
• Profit adjusted for special systemic taxes in H1 2025 decreased by HUF 1.2 billion compared to the same period of the previous year, due to a decline in interest income on excess liquidity parallel with the decreasing interest rate environment. The dynamic growth of the loan portfolio has already compensated for two-thirds of the decline in interest income in the first half of 2025 compared to the first half of 2024, and interest income has already increased by 6.4% compared to the previous half-year. The bank group's loan portfolio grew by 59.9% year-on-year, but the positive impact of this increased activity on interest income evolves fully on a longer time frame. The Bank continues to maintain a conservative loan-to-deposit ratio below the banking sector average.
• Accounting after-tax profit for H1 2025 was HUF 7.7 billion, and HUF 11.3 billion excluding special systemic taxes.

Profitability

Return on equity, excluding special systemic taxes, was 20.7%. The year-on-year decline in ROE mainly reflects a 72.7% rise in equity—driven by capital increases and retained earnings—and lower interest income on liquid assets amid a falling interest-rate environment.

Efficiency

Adjusted operating costs as a percentage of total assets (1.58%) are higher than Gránit Bank's standalone number, but still lower than the sector average (1.82%). The trend is practically flat (H1 2024: 1.48%; H2 2024: 1.52%; H1 2025: 1.58%), while significant business development and the acquisition of leasing companies have been completed. Adjusted operating costs/net income is 48.2%. The leasing companies' expenses were recorded in the Bank's accounts from 1 August 2024, temporarily increasing the values of the two indicators compared with the previous period. Had the leasing company not been consolidated, the indicators would be 1.53% and 46.6%.

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The Gránit Bank Group's balance sheet total was HUF 1,679 billion, up 12.8% year-on-year. Total equity rose 72.7% and shareholders' equity increased 118.5% over the same period. Assets under management grew 14.5% year-on-year.

Equilor

• Compared with the same period last year, after-tax profit rose substantially by 21.7%. As a result, return on equity increased to 48.9%, up 8.2 percentage points from H1 2024.
• Assets under management totaled HUF 697.5 billion at 30 June 2025, a 15.5% year-on-year increase driven by activity from both existing and new customers.
• Based on spot trading on the Budapest Stock Exchange, Equilor maintained its position year-on-year.
• Ongoing IT developments including the mobile app and web interface continue to enhance the customer experience.

Profit after tax (HUF billion)

Profit after tax (HUF billion)

Gránit Fund Management

• After-tax profit rose 16.6% year-on-year to HUF 2.0 billion, while return on equity increased by 0.9 percentage points to 39.5%.
• Assets under management exceeded HUF 1,200 billion at the end of H1 2025, up 7.9% versus the end of the previous year and 15.4% year-on-year.
• Funds managed by the Fund Manager are available to purchase in Gránit Bank's mobile app, and the bank also offers customers savings products bundled with bank deposits.

Gránit Leasing

• The leasing companies became subsidiaries of the banking group in August 2024. Integration into Gránit Bank and the establishment of operational cooperation have been completed. The slight loss in the first half of 2025 is due to the higher cost of financing provided by Gránit Bank for the existing portfolio.
• The leasing portfolio exceeded HUF 60 billion up 26.5% versus year-end and 35.2% year-on-year —outpacing the market's 1.9% annual growth several times over.
• The leasing company entered the market with a new strategy by launching passenger-car financing and is participating in the Demján Sándor programme to boost the competitiveness of domestic SMEs.
• It continues to streamline internal processes and offers a broad range of digital solutions to deliver a fast, flexible customer experience.

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The Granit Bank Group will continue to grow above the sector average in 2025 in line with its approved strategy

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Important notice

This presentation has been prepared by GRÁNIT Bank Nyrt. ("GRÁNIT Bank").

This presentation contains or may contain statements that are forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology or the negatives of these terms, such as "plans," "expects," "unexpected," "expected," "ongoing," "assumes," "subject to," "budget," "scheduled," "estimate," "aim," "forecast," "risk," "intend," "positioned," "predict," "anticipate," "does not anticipate," "believes," or combinations of these words or comparative terminology and expressions, or statements that certain actions, events, or results may, could, will, or might occur, arise, or arise. Such statements express, in their entirety, risks and uncertainties associated with future expectations. Forward-looking statements are not based on historical facts, but on current forecasts, expectations, beliefs, judgments, plans, objectives, aspirations, and projections regarding future events, results of operations, prospects, financial conditions, and strategic discussions. By their nature, forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the control of GRÁNIT Bank. Forward-looking statements do not guarantee future performance and may often differ significantly from actual results. Neither GRÁNIT Bank nor its subsidiaries, directors, officers or advisors make any representation, warranty or guarantee that the forward-looking statements contained in this presentation will actually occur, either expressly or implicitly. Please do not place undue reliance on these forward-looking statements, which are valid at the time of this presentation. In accordance with legal and regulatory requirements, GRÁNIT Bank assumes no obligation and, together with its subsidiaries, expressly disclaims any intention, obligation or commitment to update or revise any forward-looking statements in light of new information, future events or other reasons. Under no circumstances shall this presentation imply that GRÁNIT Bank's business or management practices will not change after the presentation, or that the information provided herein will be correct at any time after the presentation.

This presentation is not comprehensive and does not constitute an offer, investment recommendation, invitation to tender, investment advice, investment or financial analysis, or encouragement to invest. The past performance and returns of a financial instrument are no guarantee of future performance or returns. It is not possible to draw reliable conclusions about actual future returns, changes or performance from the data. The recipient bears the risk of specific individual decisions and investments made on the basis of this presentation, and GRÁNIT Bank is not responsible for the success of investment decisions or the achievement of the recipient's objectives.

The distribution of this presentation under other jurisdictions may be restricted by law, and persons who come into possession of this presentation must be aware of and comply with such restrictions. Failure to comply with these restrictions may constitute a violation of the laws of other countries.

The information contained in this presentation is current as of the date of the presentation and is subject to change without prior notice. The information contained in this presentation has not been independently verified.

The information provided herein does not constitute a prospectus within the meaning of the EU Prospectus Regulation.

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Thank you for your kind attention!

E-mail: investor.relations@granitbank.hu www.granitbank.hu

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