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4 th quarter - FY 2025 results

Consolidated Accounts

Consolidated Income Statements	3
Consolidated Balance Sheet	4
Group Shareholder's Equity & Tangible Equity	5
Group Shares	6
Asset Quality Group	7
Asset Quality by Division	8
Capital Position	9

Contribution of Divisions to Group Results
Italy	10
Germany	11
Austria	12
CEE	13
CEE Countries	14 - 21
Russia	22
GCC	23
Group Fees	24
Branches	25
Notes	26

NOTE: Numbers throughout the Divisional DataBase may not add up precisely to the totals provided in tables and text due to rounding

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					20	)24			20	)25
	FY25	FY24	Change (%)	10	2Q	3Q	4Q	10	2Q	3Q	4Q
Consolidated Income Statement, m
Net interest	13,732	14,348	-4.3%	3,575	3,562	3,561	3,649	3,473	3,461	3,368	3,430
Dividends	980	470	n.m.	108	118	151	93	129	317	248	287
Fees Net insurance result	8,502 190	8,228 0	+3.3% n.m.	2,130 0	2,142 0	1,975 0	1,980 0	2,306 0	2,120 0	2,037 88	2,039 101
Trading income	1,131	1,679	-32.6%	534	454	417	274	641	192	432	-133
Other expenses/income	0	140	-100.0%	28	56	45	11	6	38	-7	-37
Revenue	24,536	24,865	-1.3%	6,376	6,333	6,149	6,006	6,555	6,127	6,167	5,687
HR Cost	-5,872	-5,853	+0.3%	-1,429	-1,424	-1,427	-1,572	-1,436	-1,429	-1,432	-1,576
Non HR Cost Recovery of expenses	-2,636 94	-2,601 108	+1.3% -13.4%	-633 23	-649 36	-624 19	-695 31	-647 21	-653 22	-624 20	-711 30
Amortisation & depreciation	-1,027	-1,062	-13.4% -3.3%	-268	-260	-261	-272	-259	-254	-255	-258
Operating costs	-9,441	-9,407	+0.4%	-2,307	-2,298	-2,294	-2,508	-2,321	-2,315	-2,291	-2,514
Gross Operating Profit	15,094	15,458	-2.4%	4,069	4,035	3,856	3,499	4,234	3,812	3,876	3,173
Loan Loss Provisions (LLPs)	-662	-641	+3.3%	-103	-15	-165	-357	-83	-109	-113	-356
Net Operating Profit	14,433	14,817	-2.6%	3,965	4,020	3,691	3,141	4,151	3,703	3,763	2,816
Other Charges & Provisions	-862	-1,088	-20.7%	-349	-232	-115 75	-392	-207	-235	-49	-371
o/w Systemic Charges o/w DGS	-382 - 75	-534 -254	-28.5% -70.6%	-364 -229	-49 -14	-75 -10	-46 -2	-187 -44	-40 -2	-62 -6	-93 -23
o/w Bank levies	-75 -253	-233	-70.0% +8.8%	-106	-33	-10 -60	-2 -33	-117	-2 -39	- 0 -49	-23 -48
o/w SRF	-16	-23	-30.8%	-25	3	0	0	-20	5	0	0
Integration costs	-1,177	-841	+40.0%	-18	-35	-34	-753	-30	-40	-53	-1,053
Net income from investments	1,284	-29	n.m.	1	-24	-19	13	0	865	-21	440
Profit (loss) Before Tax	13,677	12,860	+6.4%	3,599	3,728	3,523	2,010	3,913	4,293	3,639	1,832
Income taxes	-2,591	-3,085	-16.0%	-1,033	-1,043	-1,003	-7	-1,124	-934	-959	426
Net Profit (loss) of disc. operat.	0 11,086	0 9,775	n.m. +13.4%	0	0 2,685	0 2,520	0 2,003	0 2,790	0 3,359	0 2,680	0 2,257
Net Profit (loss) for the period Minorities	-64	-55	+15.4%	2,566 -8	-7	-7	-34	-19	-15	-16	-14
Net profit attributable to the Group before PPA	11,022	9,719	+13.4%	2,558	2,679	2,513	1,969	2,771	3,344	2,664	2,244
Purchase Price Allocation (PPA)	-107	0	n.m.	0	0	0	0	0	0	-31	-76
Goodwill impairment	0	0	n.m.	0	0	0	0	0	0	0	0
Stated Net Profit*	10,915	9,719	+12.3%	2,558	2,679	2,513	1,969	2,771	3,344	2,633	2,167
DTAs from tax loss carry forward sustainability test**	-336	-405	-17.1%	0	0	0	-405	0	0	-2	-334
Net Profit***	10,579 -206	9,314	+13.6%	2,558	2,679	2,513	1,564	2,771	3,344	2,631	1,833
Cashes Coupons AT1 Coupons	-206 -292	-247 -196	-16.6% +48.8%	-63 0	-63 -110	-62 0	-59 -86	-56 0	-52 -153	-49 0	-48 -139
Net Profit after AT1 / Cashes****	10,082	8,871	+13.6%	2,495	2,506	2,452	1,419	2,715	3,139	2,583	1,646
Income Statement Ratios
Cost income ratio, %	38.5%	37.8%	+0.6 р.р.	36.2%	36.3%	37.3%	41.8%	35.4%	37.8%	37.1%	44.2%
Cost of Risk, bps	15	15	1	10	1	15	34	8	10	10	33
Tax rate, %	18.9%	24.0%	-5.0 p.p.	28.7%	28.0%	28.5%	0.3%	28.7%	21.8%	26.4%	n.m.
Volumes, bn
Customers Loans (excl. Repos)	419.0	404.3	+3.6%	407.8	406.6	403.3	404.3	405.4	409.8	409.7	419.0
Customer Depos (excl. Repos)	491.7	475.9	+3.3%	466.7	464.4	457.7	475.9	466.2	465.3	476.5	491.7
o/w Sight Deposits	364.7	346.2	+5.3%	332.4	334.7	328.9	346.2	334.7	340.4	348.8	364.7
o/w non Sight Deposits	127.1	129.7	-2.1%	134.3	129.7	128.8	129.7	131.5	124.9	127.7	127.1
Retail ¹	272.4	265.4	+2.7%	264.4	263.1	260.2	265.4	259.3	261.7	265.7	272.4
Corporate ²	200.2	193.8	+3.3%	186.4	185.7	184.1	193.8	183.4	182.7	191.2	200.2
Central Functions ³	19.1	16.7	+14.4%	15.9	15.6	13.4	16.7	23.5	20.9	19.6	19.1
Total Financial Asset ⁴	871.5	815.8	+6.8%	796.1	799.4	807.8	815.8	819.1	826.7	849.3	871.5
o/w AuM ⁵ + AuA	193.7	165.1	+17.4%	151.7	155.4	162.7	165.1	171.7	178.2	185.9	193.7
o/w AuC	214.8	200.7	+7.0%	198.5	198.5	204.4	200.7	208.9	207.2	213.6	214.8
o/w Insurance ⁶	59.4	58.1	+2.1%	57.6	58.1	58.1	58.1	57.2	57.3	58.6	59.4
Total RWA	296	277	+6.9%	280	277	278	277	287	288	291	296
Other Figures, units / %
o and injeree, or me, in
FTEs (100%) RoTE ⁷	67,118 19.2%	69,722 17.7%	-3.7% +1.5 p.p.	70,159 19.5%	69,454 19.8%	69,184 19.7%	69,722 11.5%	69,294 22.0%	68,710 24.1%	67,766 19.1%	67,118 12.1%

^(*) Stated Net profit: means accounting net profit | (**) Reversal of the impact booked in the Income Tax line where applicable | (****) Net Profit means Stated net profit adjusted for impacts from DTAs tax loss carry forward resulting from sustainability test | (*****) Net Profit after AT1/Cashes: means Net Profit as defined above adjusted for impacts from AT1 and Cashes Coupons. The result is used for cash dividend accrual and Total distribution, as well as RoTE and RoAC calculation

⁽¹⁾ Retail: includes Individuals (mass market, affluent, Private and Wealth) and micro-business

⁽²⁾ Corporate: includes SME, Large and most of Financial Institutions

⁽³⁾ Central Functions: includes relationships with counterparties classified Accounting wise as "Customers" held by Treasury or by Corporate Centres for liquidity management purpose

⁽⁴⁾ Refers to Group commercial Total Financial Assets. Non-commercial elements, i.e. Large Corporates and Central Functions are excluded. Numbers are managerial figures

⁽⁵⁾ Includes Funds and Segregated accounts

⁽⁶⁾ Life products

⁽⁷⁾ RoTE means (i) net profit after AT1/Cashes coupons [as defined above] over (ii) average tangible equity excluding AT1, Cashes & DTA from tax loss carry forward contribution

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Shareholders' Equity attributable to the Group & Shares, m

Shareholders' equity as at 31 December 2024	62,441
Dividends and other allocations	-4,487
Share buyback	-2,934
Change in reserve related coupon on AT1 instruments	-292
Charges related to transaction denominated "Cashes"	-206
Change in the valuation reserve relating to the financial assets and liabilities at fair value	494
Change in the valuation reserve relating to exchange differences	637
Change in the valuation reserve relating to the actuarial gains/losses on defined benefit plans	180
Other changes	963
Profit (loss) for the year	10,915
Shareholders' equity as at 31 December 2025	67,711

Notes:

The change in the valuation reserve relating to exchange differences is mainly due to the impact of Russian Ruble for +€536 million and Czech Crown for +€107 million.

(i) the variation in equity instruments due to new issue net of associated transaction cost for +€994 million and repayment for -€1,000 million (gross of transaction cost for €10 million);
(ii) the cumulated change in fair value, net of taxes, of equity investments in Commerzbank AG and Alpha Bank S.A. reversed from Revaluation Reserve to Retained Earnings following the acquisition of significant influence;
(iii) the tax effect associated with the reserve for tax on banks' extra-profits.

				2024				2025	5
	FY25	FY24	10	2Q	3Q	4Q	1 Q	2Q	3Q	4Q
Tangible Equity, EoP & AVG , m		_
Shareholders' Equity	67,711	62,441	65,420	62,013	63,691	62,441	65,322	68,023	68,994	67,711
Goodwill	843	38	0	0	0	38	294	1,091	1,090	843
Intangible	2,097	2,191	2,210	2,194	2,157	2,191	2,201	2,180	2,174	2,097
HFS intangible	0	0	0	0	0	0	0	2	0	0
AT1	4,952	4,958	4,863	3,965	4,958	4,958	5,942	4,962	4,961	4,952
Tangible Equity	59,819	55,254	58,347	55,854	56,576	55,254	56,884	59,788	60,769	59,819
Cashes EOP	2,983	2,983	2,983	2,983	2,983	2,983	2,983	2,983	2,983	2,983
TLCF EOP	3,087	3,874	3,577	3,582	3,415	3,874	3,394	3,194	2,967	3,087
Tangible Equity (for RoTE calculation purposes only), EOP	53,749	48,397	51,788	49,289	50,178	48,397	50,507	53,612	54,819	53,749
Tangible Equity (for RoTE calculation purposes only), AVG	52,503	50,155	51,059	50,538	49,733	49,288	49,452	52,059	54,215	54,284

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Group Shares

		202	24			202	25
	3M	1H	9M	FY	3M	1H	9M	FY
Average & EoP YtD number of outstanding and diluted shares								_
EoP number of Ordinary Shares	1,681,835,671	1,636,976,500	1,636,976,500	1,551,419,850	1,557,675,176	1,557,675,176	1,557,675,176	1,557,675,176
(-) Treasury shares (including buyback)	0	-6,574,254	-54,635,845	0	0	0	-27,505,165	-44,920,759
(-) Shares held under the CASHES usufruct contract	-9,675,640	-9,675,640	-9,675,640	-9,675,640	-9,675,640	-9,675,640	-9,675,640	-9,675,640
EoP number of outstanding shares	1,672,160,031	1,620,726,606	1,572,665,015	1,541,744,210	1,547,999,536	1,547,999,536	1,520,494,371	1,503,078,777
(+) Potentially dilutive shares	16,064,911	16,489,784	16,701,996	16,835,472	11,115,112	12,039,407	13,096,894	13,431,968
EoP number of diluted shares	1,688,224,942	1,637,216,390	1,589,367,011	1,558,579,682	1,559,114,648	1,560,038,943	1,533,591,265	1,516,510,745
Average number of outstanding shares*	1,684,627,440	1,671,270,715	1,645,740,490	1,621,646,008	1,544,593,859	1,546,306,105	1,543,611,496	1,535,901,752
Average number of diluted shares*	1,700,692,350	1,687,760,499	1,662,442,486	1,638,481,480	1,555,708,971	1,558,345,512	1,556,274,709	1,549,038,143

The average number of outstanding shares is net of the average number of treasury shares and of further average No.9,675,640 shares held under a contract of usufruct.

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LOANS TO CUSTOMERS

				025
Asset Quality - Group, m FY25 FY24 Change (%) 1Q 2Q	3Q 4Q	1 Q	2Q	3Q	4Q
Gross Bad Loans 3,448 3,077 12.1% 3,305 3,398	3,213 3,077	3,364	3,323	3,357	3,448
Writedowns 2,169 2,133 1.7% 2,187 2,218	2,200 2,133	2,336	2,224	2,203	2,169
Coverage Ratio 62.9% 69.3% -6.4 p.p. 66.2% 65.3%	68.5% 69.3%	69.5%	66.9%	65.6%	62.9%
Net Bad Loans 1,279 944 35.5% 1,119 1,181	1,013 944	1,027	1,099	1,154	1,279
Gross Unlikely to pay 8,001 7,275 10.0% 8,028 7,509	7,796 7,275	7,390	7,666	7,518	8,001
Writedowns 2,910 2,724 6.8% 3,063 3,035	3,070 2,724	2,792	2,851	2,801	2,910
Coverage Ratio 36.4% 37.4% -1.1 p.p. 38.2% 40.4%	39.4% 37.4%	37.8%	37.2%	37.3%	36.4%
Net Unlikely to pay 5,091 4,552 11.9% 4,965 4,474	4,726 4,552	4,597	4,816	4,716	5,091
Gross Past-due loans 634 806 -21.3% 760 773	770 806	646	702	680	634
Writedowns 234 262 -10.5% 257 260	265 262	220	236	240	234
Coverage Ratio 36.9% 32.5% +4.4 p.p. 33.8% 33.7%	34.4% 32.5%	34.1%	33.7%	35.3%	36.9%
Net Past-due loans 400 544 -26.4% 504 513	505 544	426	466	440	400
Gross Non Performing Exposures 12,084 11,158 8.3% 12,094 11,681	11,779 11,158	11,400	11,692	11,554	12,084
Writedowns 5,313 5,118 3.8% 5,507 5,513	5,535 5,118	5,349	5,311	5,244	5,313
Coverage Ratio 44.0% 45.9% -1.9 p.p. 45.5% 47.2%	47.0% 45.9%	46.9%	45.4%	45.4%	44.0%
Net Non Performing Exposures 6,770 6,040 12.1% 6,587 6,168	6,244 6,040	6,051	6,381	6,310	6,770
Gross Performing loans 430,141 416,387 3.3% 432,759 432,185	428,909 416,387	422,128	430,414	433,106	430,141
Writedowns 3,371 4,049 -16.7% 4,512 4,356	4,213 4,049	3,832	3,642	3,553	3,371
Coverage Ratio 0.8% 1.0% -0.2 p.p. 1.0% 1.0%	1.0% 1.0%	0.9%	0.8%	0.8%	0.8%
Net Performing Loans 426,770 412,339 3.5% 428,247 427,829	424,696 412,339	418,296	426,772	429,553	426,770

2024				)25
Asset Quality - Ratios (%) FY25 FY24 Change (%) 1Q 2Q	3Q 4Q	1 Q	2Q	3Q	4Q
Gross Bad Loans ratio 0.8% 0.7% +0.1 p.p. 0.7% 0.8%	0.7% 0.7%	0.8%	0.8%	0.8%	0.8%
Net Bad Loans ratio 0.3% 0.2% +0.1 p.p. 0.3% 0.3%	0.2% 0.2%	0.2%	0.3%	0.3%	0.3%
Gross Unlikely to pay ratio 1.8% 1.7% +0.1 p.p. 1.8% 1.7%	1.8% 1.7%	1.7%	1.7%	1.7%	1.8%
Net Unlikely to pay ratio 1.2% 1.1% +0.1 p.p. 1.1% 1.0%	1.1% 1.1%	1.1%	1.1%	1.1%	1.2%
Gross Past-due loans ratio 0.1% 0.2% -0.0 p.p. 0.2% 0.2%	0.2% 0.2%	0.1%	0.2%	0.2%	0.1%
Net Past-due loans ratio 0.1% -0.0 p.p. 0.1% 0.1%	0.1% 0.1%	0.1%	0.1%	0.1%	0.1%
Gross NPE Ratio 2.7% 2.6% +0.1 p.p. 2.7% 2.6%	2.7% 2.6%	2.6%	2.6%	2.6%	2.7%
Net NPE Ratio 1.6% 1.4% +0.1 p.p. 1.5% 1.4%	1.4% 1.4%	1.4%	1.5%	1.4%	1.6%

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LOANS TO CUSTOMERS

					20	)24			20	)25
Asset Quality - by Division, m	FY25	FY24	Change (%)	10	2Q	3Q	4Q	10	2Q	3Q	4Q


Italy
Gross Non Performing Exposures	4,380	4,270	2.6%	4,958	4,927	4,783	4,270	4,425	4,369	4,484	4,380
Net Non Performing Exposures	2,302	2,319	-0.7%	2,620	2,663	2,489	2,319	2,369	2,341	2,439	2,302
NPE Coverage Ratio	47.44%	45.70%	+1.7 p.p.	47.17%	45.95%	47.95%	45.70%	46.46%	46.42%	45.61%	47.44%
Gross Customer Loans	162,356	160,600	1.1%	178,947	177,023	172,874	160,600	164,446	167,709	168,335	162,356
Net Customer Loans	158,732	156,897	1.2%	174,785	172,930	168,761	156,897	160,741	164,084	164,738	158,732
Gross NPE Ratio	2.70%	2.66%	+0.0 p.p.	2.77%	2.78%	2.77%	2.66%	2.69%	2.60%	2.66%	2.70%
Net NPE Ratio	1.45%	1.48%	-0.0 p.p.	1.50%	1.54%	1.48%	1.48%	1.47%	1.43%	1.48%	1.45%
Germany
Gross Non Performing Exposures	3,240	2,844	13.9%	2,769	2,665	3,197	2,844	2,846	3,121	2,900	3,240
Net Non Performing Exposures	2,254	1,852	21.7%	1,875	1,639	2,049	1,852	1,786	1,995	1,865	2,254
NPE Coverage Ratio	30.43%	34.89%	-4.5 p.p.	32.28%	38.50%	35.88%	34.89%	37.25%	36.08%	35.69%	30.43%
Gross Customer Loans	131,473	128,686	2.2%	131,448	131,481	132,760	128,686	129,406	130,813	131,961	131,473
Net Customer Loans	130,092	127,190	2.3%	129,828	129,858	131,108	127,190	127,913	129,312	130,553	130,092
Gross NPE Ratio	2.46%	2.21%	+0.3 p.p.	2.11%	2.03%	2.41%	2.21%	2.20%	2.39%	2.20%	2.46%
Net NPE Ratio	1.73%	1.46%	+0.3 p.p.	1.44%	1.26%	1.56%	1.46%	1.40%	1.54%	1.43%	1.73%
Austria
Gross Non Performing Exposures	2,051	1,943	5.6%	2,231	1,995	1,858	1,943	1,881	1,829	1,784	2,051
Net Non Performing Exposures	1,365	1,211	12.7%	1,411	1,182	1,127	1,211	1,185	1,239	1,204	1,365
NPE Coverage Ratio	33.44%	37.68%	-4.2 p.p.	36.75%	40.73%	39.34%	37.68%	36.98%	32.27%	32.50%	33.44%
Gross Customer Loans	63,284	61,014	3.7%	62,134	62,185	61,502	61,014	60,589	61,165	62,040	63,284
Net Customer Loans	62,116	59,676	4.1%	60,683	60,692	60,077	59,676	59,297	60,007	60,870	62,116
Gross NPE Ratio	3.24%	3.18%	+0.1 p.p.	3.59%	3.21%	3.02%	3.18%	3.10%	2.99%	2.88%	3.24%
Net NPE Ratio	2.20%	2.03%	+0.2 p.p.	2.33%	1.95%	1.88%	2.03%	2.00%	2.06%	1.98%	2.20%
CEE
Gross Non Performing Exposures	2,105	1,791	17.6%	1,664	1,629	1,598	1,791	1,808	1,919	1,956	2,105
Net Non Performing Exposures	772	620	24.5%	488	487	469	620	612	695	700	772
NPE Coverage Ratio	63.32%	65.36%	-2.0 p.p.	70.68%	70.10%	70.64%	65.36%	66.16%	63.76%	64.20%	63.32%
Gross Customer Loans	83,034	74,391	11.6%	68,022	69,222	70,401	74,391	75,667	78,776	80,418	83,034
Net Customer Loans	80,778	72,152	12.0%	65,739	67,021	68,226	72,152	73,439	76,566	78,149	80,778
Gross NPE Ratio	2.53%	2.41%	+0.1 p.p.	2.45%	2.35%	2.27%	2.41%	2.39%	2.44%	2.43%	2.53%
Net NPE Ratio	0.96%	0.86%	+0.1 p.p.	0.74%	0.73%	0.69%	0.86%	0.83%	0.91%	0.90%	0.96%
Russia
	240	240	10.0%	474	ACE	245	240	400	44.4	202	240
Gross Non Performing Exposures	248	310	-19.9%	471	465	345	310	408	414	393	248
Net Non Performing Exposures	36	38	-4.9%	193	197	110	38	67	71	64	36
NPE Coverage Ratio	85.49%	87.78%	-2.3 p.p.	59.00%	57.74%	68.15%	87.78%	83.53%	82.89%	83.58%	85.49%
Gross Customer Loans	855	1,583	-46.0%	3,365	3,006	2,203	1,583	1,690	1,473	1,121	855
Net Customer Loans	626	1,192	-47.5%	2,862	2,547	1,820	1,192	1,232	1,024	775	626
Gross NPE Ratio	29.05%	19.60%	+9.4 p.p.	13.99%	15.47%	15.65%	19.60%	24.15%	28.09%	35.03%	29.05%
Net NPE Ratio	5.76%	3.18%	+2.6 p.p.	6.75%	7.72%	6.03%	3.18%	5.45%	6.91%	8.32%	5.76%

{8}------------------------------------------------

GROUP CAPITAL STRUCTURE*

		20	)24			20	)25		Cha	nge %
Capital Position ,bn	10	2Q	3Q	4 Q	1 Q	2Q	3 Q	4Q	q/q	y/y
Common Equity Tier I Capital ¹	45.7	45.2	45.1	44.2	46.3	46.1	43.0	43.7	+1.6	-1.2
Tier I Capital ^1,2	50.6	49.1	50.1	49.2	52.2	51.1	48.0	48.7	+1.4	-1.1
Total Capital ^1,2	59.4	57.9	57.4	56.6	59.5	58.6	55.6	56.3	+1.2	-0.4
Total RWA ³	279.6	276.9	277.8	277.1	287.0	287.7	291.5	296.3	+1.7	+6.9
Credit Risk	236.9	235.6	235.7	235.6	229.5	230.7	233.9	235.2	+0.6	-0.2
Market Risk	10.9	10.1	11.1	9.8	10.2	9.7	10.3	10.8	+4.8	+9.5
Operational Risk	31.8	31.2	31.0	31.6	47.3	47.3	47.3	50.3	+6.3	+59.0
		20	)24			20	)25		D	elta
Capital Ratios	10	2Q	3Q	4Q	1Q	2Q	3Q	4Q	q/q	y/y
Common Equity Tier I Capital Ratio ^1,3	16.4%	16.3%	16.2%	16.0%	16.1%	16.0%	14.8%	14.7%	-2bp	-121bp
Tier I Capital Ratio 1,2,3	18.1%	17.7%	18.0%	17.7%	18.2%	17.7%	16.5%	16.4%	-4bp	-133bp
Total Capital Ratio ^1,2,3	21.2%	20.9%	20.7%	20.4%	20.7%	20.4%	19.1%	19.0%	-9bp	-141bp
MDA buffer (CET1 ratio) ⁴	6.1%	5.7%	6.0%	5.6%	5.8%	5.4%	4.1%	4.0%	-6bp	-155bp

(*) for 2024 Basel 3 and for 2025 Basel 4
(1) 2024 figures include IFRS9 transitional adjustment ended on 1 January 2025
(2) Including transitional adjustments referred to grandfathering of Additional Tier 1 and Tier 2 instruments, applicable till 29 June 2025
(3) Starting from 1Q25, based on "Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024"
(4) MDA buffer 4Q25 (including a gap of 20bps vs. the 1.88% AT1 bucket requirement) computed vs MDA requirement at 10.50% as of 4Q25

Noto:

Total RWA amount includes RWA equivalent to points 1 "Credit risk (excluding CCR)", 6 "Counterparty credit risk CCR", 16 "Securitisation exposures in the non-trading book (after the cap)", 10 "Credit valuation adjustments risk CVA risk", 15 "Settlement risk", 20 "Position, foreign exchange and commodities risks (Market risk)", 24 "Operational risk" and EU 24a "Exposure to crypto assets" related to "Template EU 0V1 Overview of total risk exposure amounts" of Pillar III.
Credit and Counterparty Risk RWA amount includes RWA equivalent to points 1 "Credit risk (excluding CCR)", 6 "Counterparty credit risk CCR" and 16 "Securitisation exposures in the non-trading book (after the cap)" related to "Template EU OV1 Overview of total risk exposure amounts" of Pillar III.
Market Risk RWA amount includes RWA equivalent to points 10 "Credit valuation adjustments risk CVA risk", 15 "Settlement risk" and 20 " Position, foreign exchange and commodities risks (Market risk) related to "Template EU OV1 Overview of total risk exposure amounts" of Pillar III.
Operational Risk RWA amount includes RWA equivalent to point 24 "Operational risk" related to "Template EU OV1 Overview of total risk exposure amounts" of Pillar III.

{9}------------------------------------------------

to Progress.					20	)24			20	)25
Italy	FY25	FY24	Change (%)	10	2Q	3Q	4 Q	10	2Q	3Q	4Q
Income Statement, m

Net interest	6,149	6,669	-7.8%	1,664	1,657	1,639	1,708	1,599	1,548	1,486	1,516
Dividends	88	142	-38.1%	39	30	41	31	33	34	13	7
Fees	4,479	4,384	+2.2%	1,151	1,152	1,036	1,045	1,240	1,117	1,051	1,070
Net insurance result	191	0	n.m.	0	0	0	0	0	0	89	102
Trading income	202	114	+77.6%	66	23	37	-12	115	86	36	-35
Other expenses/income	-105	42	n.m.	1	42	23	-25	-27	-23	-32	-24
Revenue	11,003	11,349	-3.1%	2,921	2,904	2,776	2,748	2,961	2,762	2,643	2,637
HR Cost	-2,361	-2,371	-0.4%	-584	-584	-587	-617	-585	-586	-581	-609
Non HR Cost	-1,272	-1,307	-2.7%	-339	-342	-306	-321	-322	-325	-312	-312
Recovery of expenses	36	38	-6.4%	8	12	9	9	7	10	8	11
Amortisation & depreciation	-221	-256	-13.7%	-65	-64	-64	-64	-57	-53	-55	-55
Operating costs	-3,818	-3,896	-2.0%	-978	-977	-947	-993	-957	-955	-940	-965
Gross Operating Profit	7,185	7,453	-3.6%	1,943	1,927	1,829	1,754	2,004	1,807	1,703	1,672
Loan Loss Provisions (LLPs)	-438	-501	-12.5%	-144	-102	-118	-137	-103	-104	-65	-166
Net Operating Profit	6,747	6,953	-3.0%	1,799	1,825	1,711	1,618	1,901	1,703	1,637	1,506
Other Charges & Provisions	-253	-255	-1.0%	-177	-14	-39	-26	-23	-1	-19	-210
o/w Systemic Charges	-87	-259	-66.4%	-194	-18	-21	-26	-12	-16	-16	-43
o/w DGS	-13	-171	-92.1%	-174	3	0	0	0	0	0	-13
o/w Bank levies	-57	-82	-30.2%	-20	-21	-21	-21	-13	-16	-14	-14
o/w SRF	0	0	n.m.	0	0	0	0	0	0	0	0
Integration costs	-741	-384	+93.1%	-10	-11	-8	-354	-7	-7	-7	-721
Net income from investments	623	-127	n.m.	-9	-15	-25	-78	2	616	5	1
Profit (loss) Before Tax	6,376	6,186	+3.1%	1,602	1,785	1,640	1,159	1,872	2,312	1,616	576
Stated Net Profit	4,530	4,771	-5.1%	1,099	1,207	1,159	1,307	1,241	1,760	1,067	462
DTAs from tax loss carry forward sustainability test*	-8	-405	-97.9%	0	0	0	-405	0	0	0	-8
Net Profit**	4,522	4,366	+3.6%	1,099	1,207	1,159	901	1,241	1,760	1,067	454
Net Profit after AT1/Cashes***	4,370	4,201	+4.0%	1,075	1,142	1,137	847	1,221	1,702	1,049	398
Income Statement Ratios
Cost income ratio, %	34.7%	34.3%	+0.4 p.p.	33.5%	33.6%	34.1%	36.1%	32.3%	34.6%	35.6%	36.6%
Cost of Risk, bps	27	29	+υ.+ μ.μ. -2	33.3 %	23	28	34	26	26	16	41
cost of Risk, ops	L		2	33	LJ	20	34	20	20	10	7.
Volumes, bn
•
Customers Loans (excl. Repos and IC)	148.4	144.6	+2.7%	149.8	147.8	146.1	144.6	145.0	145.6	145.2	148.4
Customer Depos (excl. Repos and IC)	190.9	183.9	+3.8%	184.8	186.3	181.2	183.9	177.8	180.3	183.2	190.9
Total RWA	110.5	101.1	+9.3%	104.2	102.9	102.6	101.1	100.8	106.6	108.2	110.5

Other Figures, units / %
other rigores, ornes / 70
FTEs (100%)	26,637	26,813	-0.7%	27,250	27,040	26,983	26,813	26,330	26,325	26,386	26,637

^(*) Reversal of the impact booked in the Income Tax line where applicable

^(**) Net Profit means Stated net profit as defined in page 3 (Income Statement) adjusted for impacts from DTAs tax loss carry forward resulting from sustainability test

^(***) Net Profit after AT1/Cashes: means Net Profit as defined above adjusted for impacts from AT1 and Cashes charges. The result is used for cash dividend accrual and Total distribution, as well as RoTE and RoAC calculation (****) Annualized ratio between (i) Net profit after AT1/Cashes charges minus Excess Capital charge and (ii) Allocated capital

{10}------------------------------------------------

to Progress.						2024				2025
Germany	FY25	FY24	Change (%)	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q
Income Statement, m

Net interest	2,787	2,770	+0.6%	712	690	689	680	664	685	714	723
Dividends	3	3	-7.0%	1	0	1	1	1	0	0	1
Fees	1,687	1,616	+4.4%	454	426	394	342	459	418	409	401
Net insurance result	0	0	n.m.	0	0	0	0	0	0	0	0
Trading income	862	867	-0.6%	228	243	240	156	319	262	154	127
Other expenses/income	125	95	+31.1%	19	20	17	39	26	42	29	27
Revenue	5,462	5,351	+2.1%	1,413	1,379	1,341	1,218	1,468	1,407	1,307	1,280
HR Cost	-1,159	-1,193	-2.9%	-296	-288	-290	-320	-290	-285	-289	-294
Non HR Cost	-865	-912	-5.1%	-233	-234	-227	-218	-227	-228	-205	-205
Recovery of expenses	6	8	-23.1%	1	0	1	6	1	1	1	3
Amortisation & depreciation	-68	-74	-7.5%	-19	-17	-18	-21	-18	-17	-17	-17
Operating costs	-2,086	-2,171	-3.9%	-547	-539	-533	-552	-534	-530	-510	-513
Gross Operating Profit	3,376	3,180	+6.2%	866	840	808	665	934	878	797	767
Loan Loss Provisions (LLPs)	-261	-271	-3.7%	-66	-69	-51	-84	-35	-44	-59	-122
Net Operating Profit	3,115	2,909	+7.1%	800	771	757	581	899	833	738	645
Other Charges & Provisions	-4	-10	-57.7%	-8	1	4	-7	-2	-10	4	4
o/w Systemic Charges	-10	-29	-64.2%	-11	-12	-4	-2	-4	-4	0	-2
o/w DGS	-10	-28	-63.8%	-11	-12	-4	-1	-4	-4	0	-2
o/w Bank levies	0	0	-100.0%	0	0	0	0	0	0	0	0
o/w SRF	0	0	n.m.	0	0	0	0	0	0	0	0
Integration costs	-125	-140	-10.6%	-4	-9	-7	-120	-6	-7	-5	-107
Net income from investments	0	-33	n.m.	1	-23	-3	-8	-1	0	3	-2
Profit (loss) Before Tax	2,986	2,726	+9.5%	790	741	750	445	890	816	740	540
Stated Net Profit	2,080	1,879	+10.7%	536	502	510	330	603	544	535	398
DTAs from tax loss carry forward sustainability test*	0	0	n.m.	0	0	0	0	0	0	0	0
Net Profit**	2,081	1,879	+10.7%	536	502	510	330	603	544	535	399
Net Profit after AT1/Cashes***	1,982	1,772	+11.8%	521	460	496	296	590	506	523	363
Income Statement Ratios
Cost income ratio	38.2%	40.6%	-2.4 p.p.	38.7%	39.1%	39.8%	45.4%	36.4%	37.6%	39.0%	40.1%
Cost of Risk (LLP annualised on Avg Loans) in basis points	20	21	-1	21	21	16	26	11	14	18	37
Volumes, bn

Customers Loans (excl. Repos and IC)	126.4	125.4	+0.8%	127.8	127.5	126.1	125.4	124.7	124.5	124.0	126.4
Customer Depos (excl. Repos and IC)	137.1	138.5	-1.1%	135.2	130.4	130.3	138.5	132.4	130.1	135.7	137.1
Total RWA	68.2	64.6	+5.5%	67.9	66.8	64.7	64.6	67.9	68.5	68.6	68.2
Other Figures, units / %
FTEs (100%)	8,336	8,860	-5.9%	9,401	9,295	9,261	8,860	8,800	8,638	8,581	8,336
RoAC****	21.3%	19.2%	+2.1 p.p.	22.1%	19.9%	22.0%	12.7%	26.1%	21.9%	22.3%	15.2%

^(*) Reversal of the impact booked in the Income Tax line where applicable

^(**) Net Profit means Stated net profit as defined in page 3 (Income Statement) adjusted for impacts from DTAs tax loss carry forward resulting from sustainability test

^(****) Annualized ratio between (i) Net profit after AT1/Cashes charges minus Excess Capital charge and (ii) Allocated capital (***) Net Profit after AT1/Cashes: means Net Profit as defined above adjusted for impacts from AT1 and Cashes charges. The result is used for cash dividend accrual and Total distribution, as well as RoTE and RoAC calculation

{11}------------------------------------------------

Income Statement	to riogress.					20	)24			20	)25
The Linears	Austria	FY25	FY24	Change (%)	10	2Q	3Q	4Q	10	2Q	3Q	4 Q
The Linears	Income Statement m
Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part Part	meome Statement, m
1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5	Net interest	1,456	1,583	-8.0%	395	399	388	400	362	365	354	375
Methodology	Dividends	293	284	+3.2%	50	80	101	54	75	76	74	68
1	Fees	805	791	+1.8%	202	192	191	206	219	202	194	190
Color Separate Name 28 40 22/54 7 13 9 11 7 12 0 2	Net insurance result	0	0	n.m.	0	0	0	0	0	0	0	0
Presence 2,858 2,908 -3,006 696 696 696 696 696 695 637 646	Trading income	33	1	n.m.	3	6	-3	-5	5	10	7	11
## 1500 1.575 5.53 1.528 1.428 1.429 1.425 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428 1.428	Other expenses/income	29	40	-27.5%	7	13	9	11	7	12	8	2
Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Marificial Mar	Revenue	2,616	2,698	-3.0%	656	690	686	666	669	665	637	646
New Processing	HR Cost	-575	-583	-1.4%	-140	-145	-143	-154	-146	-145	-141	-144
### A 1-60% 1 1 1 1 1 1 1 1 1 0 1 4 9 4 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9	Non HR Cost	-416	-407	+2.2%	-101	-102	-101	-102	-106	-102	-99	-108
1,027 1,031 1,034 1,035 1,036 1,037 1,038 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,036 1,03	Recovery of expenses	0	3	-87.1%	0	0	0	3	0	0	0	0
1,589 1,67 4.7% 4.03 4.11 4.11 4.01 4.08 4.08 4.08 3.88 3.85	Amortisation & depreciation	-37	-44	-16.0%	-11	-11	-11	-11	-10	-9	-9	-9
100 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1	Operating costs	-1,027	-1,031	-0.3%	-253	-258	-255	-265	-261	-257	-249	-261
Net Operating Profit 1,556 1,624 -4.2% 451 388 415 370 429 431 366 330 Titles Changes & Providing 7/3 2.1 7.0% 1.13 4 6 3.4 2.1 2.2 1.2 1.2 5.5 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 An William 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2	Gross Operating Profit	1,589	1,667	-4.7%	403	431	431	401	408	408	388	385
Other Charges & Problems 111 50 Arm 15 4 6 34 23 21 122 55 Other Specime Charges 773 7-21 Arm 1-15 7-5 7-5 5 7-71 7-10 7-10 7-10 Other Charges 7-72 7-71 Arm 1-10 0 0 10 0 5 Other Specime Charges 7-72 7-72 Arm 1-10 0 0 0 0 0 0 0 Other Specime Charges 7-72 7-72 Arm 1-10 0 0 0 0 0 0 0 0 Other Specime Charges 7-72 7-72 Arm 1-10 0 0 0 0 0 0 0 0 0	Loan Loss Provisions (LLPs)	-33	-43	-23.9%	48	-44	-16	-31	22	22	-21	-55
Over Systemic Charless	Net Operating Profit	1,556	1,624	-4.2%	451	388	415	370	429	431	366	330
Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue Continue	Other Charges & Provisions	-111	-50	n.m.	-15	4	-6	-34	-23	-21	-12	-55
Own Barth Leveles	o/w Systemic Charges	-73	-21	n.m.	-15	-5	-5	5	-23	-18	-18	-14
O	o/w DGS	0	0	n.m.	-10	0	0	10	-5	0	0	5
145 48	o/w Bank levies	-72	-21	n.m.	-5	-5	-5	-5	-18	-18	-18	-18
Net income from investments 164 73	o/w SRF	0	0	n.m.	0	0	0	0	0	0	0	0
Profit (loss) Before Tax	Integration costs	-145	-88	+64.2%	-2	-5	-6	-76	-9	-2	-11	-123
1,260 1,263 -0.3% 348 334 299 282 333 341 278 309	Net income from investments	164	73	n.m.	1	-2	-1	75	1	24	4	136
OTHER From tax less carry forward sustainability test* 1,260 1,263 1,263 1,264 1,263 1,204 1,204 1,204 1,205 1,204 1,205 1,204 1,206 1,207 1,206 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,207 1,20	Profit (loss) Before Tax	1,464	1,558	-6.0%	435	386	403	335	399	432	347	287
Net Profit** 1,260 1,263 1,204 1,204 1,204 1,204 1,204 1,204 1,205 1,204 1,206 1,207 1,208 1,209 1,208 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,209 1,20	Stated Net Profit	1,260	1,263	-0.3%	348	334	299	282	333	341	278	309
Net Profit after ATI/Cashes*** 1,202 1,204 -0.2% 340 312 291 263 325 318 271 288 Income Statement Ratios Cost income ratio Cost income ratio Cost income ratio Cost of Risk (LIP annualised on Avg Loans) in basis points 5 7 -2 -31 29 11 21 -15 -15 14 36 Volumes, bn Customers Loans (excl. Repos and IC) Customer Depos (excl. Repos and IC) 61.6 59.6 +3.2% 60.6 60.6 60.0 59.6 59.3 59.9 60.8 61.6 Customer Depos (excl. Repos and IC) 61.8 60.2 +2.6% 59.7 59.5 58.2 60.2 58.0 58.8 59.5 61.8 Total RWA 38.8 39.0 -0.4% 37.2 37.4 37.5 39.0 40.4 39.2 39.4 38.8 Other Figures, units / % FTES (100%) 4,025 4,483 -10.2% 4,624 4,562 4,553 4,483 4,464 4,448 4,129 4,025	DTAs from tax loss carry forward sustainability test*	0	0	n.m.	0	0	0	0	0	0	0	0
Cost income ratio 39.3% 38.2% +1.1 p.p. 38.5% 37.5% 37.1% 39.8% 39.1% 38.6% 39.1% 40.4%	Net Profit**	1,260	1,263	-0.3%	348	334	299	282	333	341	278	309
Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost of Risk (LIP annualised on Avg Loans) in basis points 5 7 -2 -31 29 11 21 -15 -15 14 36 Volumes, bn Customers Loans (excl. Repos and IC) Customer Depos (excl. Repos and IC) 61.6 59.6 +3.2% 60.6 60.6 60.0 59.6 59.3 59.9 60.8 61.6 Customer Depos (excl. Repos and IC) 61.8 60.2 +2.6% 59.7 59.5 58.2 60.2 58.0 58.8 59.5 61.8 Total RWA 38.8 39.0 -0.4% 37.2 37.4 37.5 39.0 40.4 39.2 39.4 38.8 Other Figures, Units / % FTES (100%) 4,025 4,483 -10.2% 4,624 4,562 4,553 4,483 4,464 4,448 4,129 4,025	Net Profit after AT1/Cashes***	1,202	1,204	-0.2%	340	312	291	263	325	318	271	288
Cost of Risk (LLP annualised on Avg Loans) in basis points 5 7 -2 -31 29 11 21 -15 -15 14 36 Volumes, bn Customers Loans (excl. Repos and IC) 61.6 59.6 +3.2% 60.6 60.6 60.0 59.6 59.3 59.9 60.8 61.6 Customer Depos (excl. Repos and IC) 61.8 60.2 +2.6% 59.7 59.5 58.2 60.2 58.0 58.8 59.5 61.8 Total RWA 38.8 39.0 -0.4% 37.2 37.4 37.5 39.0 40.4 39.2 39.4 38.8 Other Figures, units / % FTEs (100%) 4,025 4,483 -10.2% 4,624 4,562 4,553 4,483 4,464 4,448 4,129 4,025	Income Statement Ratios
Cost of Risk (LLP annualised on Avg Loans) in basis points 5 7 -2 -31 29 11 21 -15 -15 14 36 Volumes, bn Customers Loans (excl. Repos and IC) 61.6 59.6 +3.2% 60.6 60.6 60.0 59.6 59.3 59.9 60.8 61.6 Customer Depos (excl. Repos and IC) 61.8 60.2 +2.6% 59.7 59.5 58.2 60.2 58.0 58.8 59.5 61.8 Total RWA 38.8 39.0 -0.4% 37.2 37.4 37.5 39.0 40.4 39.2 39.4 38.8 Other Figures, units / % FTEs (100%) 4,025 4,483 -10.2% 4,624 4,562 4,553 4,483 4,464 4,448 4,129 4,025
Volumes, bn Customers Loans (excl. Repos and IC) Customer Depos (excl. Repos and IC) 61.6 61.8 60.2 +2.6% 59.7 59.5 58.2 60.2 58.0 58.8 59.5 61.8 Total RWA 38.8 39.0 -0.4% 37.2 37.4 37.5 39.0 40.4 39.2 39.4 38.8 Other Figures, units / % FTEs (100%) 4,025 4,483 -10.2% 4,624 4,562 4,553 4,483 4,464 4,488 4,129 4,025
Customers Loans (excl. Repos and IC) 61.6 59.6 +3.2% 60.6 60.0 59.5 59.5 58.2 60.2 58.0 58.8 59.5 61.8 70tal RWA 61.6 61.8 60.2 +2.6% 59.7 59.5 58.2 60.2 58.0 58.8 59.5 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.8 61.	Cost of Risk (LLP annualised on Avg Loans) in basis points	5	7	-2	-31	29	11	21	-15	-15	14	36
Customer Depos (excl. Repos and IC) 61.8 60.2 +2.6% 59.7 59.5 58.2 60.2 58.0 58.8 59.5 61.8 Total RWA 38.8 39.0 -0.4% 37.2 37.4 37.5 39.0 40.4 39.2 39.4 38.8 Other Figures, Units / % FTEs (100%) 4,025 4,483 -10.2% 4,624 4,562 4,553 4,483 4,464 4,448 4,129 4,025	Volumes, bn
Customer Depos (excl. Repos and IC) 61.8 60.2 +2.6% 59.7 59.5 58.2 60.2 58.0 58.8 59.5 61.8 Total RWA 38.8 39.0 -0.4% 37.2 37.4 37.5 39.0 40.4 39.2 39.4 38.8 Other Figures, Units / % FTEs (100%) 4,025 4,483 -10.2% 4,624 4,562 4,553 4,483 4,464 4,448 4,129 4,025	Customers Loans (excl. Repos and IC)	61.6	59.6	+3.2%	60.6	60.6	60.0	59.6	59.3	59.9	60.8	61.6
Total RWA 38.8 39.0 -0.4% 37.2 37.4 37.5 39.0 40.4 39.2 39.4 38.8 Other Figures, units / % FTEs (100%) 4,025 4,483 -10.2% 4,624 4,562 4,553 4,483 4,464 4,448 4,129 4,025	Customer Depos (excl. Repos and IC)
FTEs (100%) 4,025 4,483 -10.2% 4,624 4,562 4,553 4,483 4,464 4,448 4,129 4,025	Total RWA
	Other Figures, units / %
		400-	4 400	40.724	4.65	4.555	4555	4.405	4.45.	4.445	4400	100-
	FTEs (100%) RoAC****	4,025 22.6%	4,483 23.8%	-10.2% -1.1 p.p.	4,624 27.1%	4,562 24.8%	4,553 23.1%	4,483 20.2%	4,464 24.4%	4,448 23.9%	4,129 20.1%	4,025 22.1%

^(*) Reversal of the impact booked in the Income Tax line where applicable

^(**) Net Profit means Stated net profit as defined in page 3 (Income Statement) adjusted for impacts from DTAs tax loss carry forward resulting from sustainability test

{12}------------------------------------------------

to Progress.						20	24			20	25
CEE	FY25	FY24	Change (%)	Ch. Const FX (%)	1Q	2Q	3Q	4Q	1 Q	2Q	3Q	4Q
Income Statement, m

Net interest	3,222	3,143	+2.5%	+2.5%	790	772	785	795	799	794	802	826
Dividends	14	8	+64.0%	+64.6%	2	3	2	1	4	6	2	1
Fees	1,355	1,222	+10.9%	+10.7%	288	324	287	324	335	329	351	340
Net insurance result	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Trading income	100	60	+67.0%	+68.7%	23	19	10	8	11	21	43	25
Other expenses/income	43	52	-17.5%	-17.4%	9	7	24	13	19	21	9	-6
Revenue	4,733	4,485	+5.5%	+5.5%	1,113	1,125	1,107	1,140	1,168	1,170	1,208	1,187
HR Cost	-841	-766	+9.7%	+9.7%	-178	-182	-188	-219	-202	-203	-204	-232
Non HR Cost	-606	-543	+11.5%	+11.5%	-131	-131	-132	-150	-149	-148	-149	-160
Recovery of expenses	5	3	+58.5%	+58.6%	0	0	1	1	1	1	1	3
Amortisation & depreciation	-196	-177	+10.4%	+10.3%	-44	-44	-40	-48	-49	-49	-49	-49
Operating costs	-1,637	-1,483	+10.4%	+10.3%	-353	-357	-358	-415	-399	-398	-400	-440
Gross Operating Profit	3,096	3,002	+3.1%	+3.1%	760	768	749	725	769	772	808	747
Loan Loss Provisions (LLPs)	-83	30	n.m.	n.m.	22	101	3	-96	21	18	-66	-56
Net Operating Profit	3,013	3,032	-0.6%	-0.7%	782	868	752	629	790	791	742	691
Other Charges & Provisions	-215	-270	-20.4%	-20.0%	-144	-24	-51	-52	-147	5	-25	-48
o/w Systemic Charges	-205	-215	-4.7%	-4.4%	-139	-11	-43	-22	-146	0	-27	-33
o/w DGS	-45	-44	+0.8%	+0.8%	-30	-3	-4	-8	-33	4	-4	-11
o/w Bank levies	-123	-129	-4.7%	-4.4%	-81	-7	-34	-8	-87	-4	-17	-15
o/w SRF	-15	-23	-32.6%	-32.7%	-25	3	0	0	-20	5	0	0
Integration costs	-65	-79	-17.0%	-16.3%	-1	-5	-3	-69	0	-7	-15	-43
Net income from investments	1	6	-85.3%	-86.3%	1	0	4	1	0	3	0	-2
Profit (loss) Before Tax	2,733	2,689	+1.6%	+1.6%	638	840	702	509	643	791	702	598
Stated Net Profit	2,210	2,160	+2.3%	+2.2%	521	678	574	388	510	647	572	481
DTAs from tax loss carry forward sustainability test*	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net Profit**	2,210	2,160	+2.3%	+2.2%	521	678	574	388	510	647	572	481
Net Profit after AT1/Cashes***	2,131	2,081	+2.4%	+2.3%	510	647	562	363	499	616	563	453

Income Statement Ratios
Cost income ratio	34.6%	33.1%	+1.5 p.p.		31.7%	31.7%	32.4%	36.4%	34.2%	34.0%	33.1%	37.0%
Cost of Risk (LLP annualised on Avg Loans) in basis points	11	-4	15		-13	-61	-2	55	-11	-10	34	28
		,	15		-3	51	-	55	**	10	J ,	20
Volumes, bn
•
Customers Loans (excl. Repos and IC)	80.8	72.2	+12.0%		65.7	67.0	68.2	72.2	73.4	76.6	78.1	80.8
Customer Depos (excl. Repos and IC)	96.9	89.8	+8.0%		80.2	81.9	83.2	89.8	90.0	91.1	93.0	96.9
Total RWA	58.5	54.0	+8.3%		51.2	51.5	51.5	54.0	55.6	55.6	55.8	58.5
	22.2		/-		-	2		-				22.3
Other Figures, units / %
2 mar 1 130100
FTEs (100%)	18,959	19,996	-5.2%		18,338	18,111	18,155	19,996	19,808	19,537	19,008	18,959
RoAC****	27.4%	29.3%	-1.9 p.p.		28.5%	36.9%	31.4%	19.4%	26.4%	31.7%	29.1%	22.5%

^(*) Reversal of the impact booked in the Income Tax line where applicable

(***) Net Profit after AT1/Cashes: means Net Profit as defined above adjusted for impacts from AT1 and Cashes charges. The result is used for cash dividend accrual and Total distribution, as well as RoTE and RoAC calculation (****) Annualized ratio between (i) Net profit after AT1/Cashes charges minus Excess Capital charge and (ii) Allocated capital

N.B. CEE results include CEE Countries results and Profit Center CEE.

^(**) Net Profit means Stated net profit as defined in page 3 (Income Statement) adjusted for impacts from DTAs tax loss carry forward resulting from sustainability test

{13}------------------------------------------------

to Frogress.						20	)24			20	)25
Czech Republic_&_Slovakia	FY25	FY24	Change (%)	Ch. Const FX (%)	10	2Q	3Q	4Q	1 Q	2Q	3Q	4Q
Income Statement, m

Net interest	632	630	+0.3%	-1.4%	163	154	158	156	155	160	156	160
Dividends	3	2	+67.9%	+67.7%	0	0	0	0	0	1	1	0
Fees	307	268	+14.4%	+12.5%	63	77	58	70	80	76	77	74
Net insurance result	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Trading income	11	6	+71.3%	+68.4%	1	2	2	2	2	3	3	3
Other expenses/income	16	16	-4.1%	-5.3%	3	1	5	8	5	4	4	3
Revenue	967	922	+4.9%	+3.2%	229	234	223	235	242	244	240	241
HR Cost	-188	-176	+6.9%	+5.1%	-42	-44	-44	-46	-45	-45	-46	-52
Non HR Cost	-130	-123	+5.5%	+3.7%	-30	-31	-32	-30	-31	-32	-33	-35
Recovery of expenses	1	1	-13.2%	-14.7%	0	0	1	0	0	0	0	1
Amortisation & depreciation	-48	-47	+2.3%	+0.6%	-12	-12	-11	-13	-12	-12	-12	-13
Operating costs	-366	-346	+5.8%	+4.0%	-84	-88	-86	-88	-88	-89	-91	-98
Gross Operating Profit	601	576	+4.4%	+2.7%	145	146	137	147	154	156	150	142
Loan Loss Provisions (LLPs)	10	-7	n.m.	n.m.	2	4	8	-22	-7	-2	-5	24
Net Operating Profit	611	569	+7.5%	+5.7%	148	150	146	125	147	153	144	167
Other Charges & Provisions	-8	-19	-61.0%	-61.6%	-18	0	-1	0	-9	2	0	-1
o/w Systemic Charges	-8	-18	-53.6%	-54.4%	-18	1	0	0	-10	2	0	0
o/w DGS	-4	-3	+32.1%	+29.9%	-2	0	0	0	-2	-1	0	0
o/w Bank levies	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
o/w SRF	-4	-15	-70.8%	-71.3%	-16	1	0	0	-8	3	0	0
Integration costs	-5	-11	-55.6%	-56.3%	0	0	0	-11	0	-1	0	-5
Net income from investments	-1	0	n.m.	n.m.	0	0	0	0	-1	0	0	0
Profit (loss) Before Tax	598	538	+11.1%	+9.2%	129	150	145	114	137	155	144	162
Stated Net Profit	481	425	+13.4%	+11.5%	104	118	115	88	108	125	114	134
DTAs from tax loss carry forward sustainability test*	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net Profit**	481	425	+13.4%	+11.5%	104	118	115	88	108	125	114	134
Net Profit after AT1/Cashes***	462	402	+14.9%	+12.9%	100	109	112	81	106	117	112	127
Income Statement Ratios

Cost income ratio	37.8%	37.5%	+0.3 p.p.		36.6%	37.5%	38.6%	37.4%	36.4%	36.3%	37.8%	40.8%
Cost of Risk (LLP annualised on Avg Loans) in basis points	-4	3	-7		-4	-7	-15	38	12	4	8	-39
Volumes, bn
Customera Lagra (and December 210)	25.4	22.5	0.407		22.1	22.4	22.4	22.5	24.2	25.5	25.4	25.4
Customers Loans (excl. Repos and IC)	25.4	23.5	+8.1%		23.1	23.1	23.4	23.5	24.2	25.5	25.1	25.4
Customer Depos (excl. Repos and IC)	27.2	25.4	+7.0%		22.7	24.3	23.9	25.4	25.4	25.6	26.2	27.2
Total RWA	13.7	12.7	+8.1%		14.3	13.9	13.6	12.7	13.4	13.4	13.2	13.7
Other Figures, units / %
FTEs (100%)	2,988	3,098	-3.6%		3,102	3,063	3,116	3,098	3,065	3,025	3,019	2,988
RoAC****	23.8%	19.6%	+4.2 p.p.		18.8%	21.4%	22.4%	15.7%	22.4%	24.0%	23.0%	25.8%

^(*) Reversal of the impact booked in the Income Tax line where applicable

^(**) Net Profit means Stated net profit as defined in page 3 (Income Statement) adjusted for impacts from DTAs tax loss carry forward resulting from sustainability test

{14}------------------------------------------------

to riogress.						20	)24			20	)25
Hungary	FY25	FY24	Change (%)	Ch. Const FX (%)	10	2 Q	3Q	4 Q	10	2Q	3Q	4Q
Income Statement, m
meome Statement, m
Net interest	332	351	-5.4%	-4.8%	99	86	83	83	79	82	84	87
Dividends	1	0	n.m.	n.m.	0	0	0	0	0	1	0	0
Fees	166	159	+4.5%	+5.1%	36	44	39	41	40	41	41	44
Net insurance result	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Trading income	15	-1	n.m.	n.m.	3	5	0	-9	-1	-1	20	-3
Other expenses/income	0	-2	n.m.	n.m.	-1	-2	0	1	0	3	-2	-1
Revenue	515	507	+1.4%	+2.1%	137	132	122	116	119	126	143	127
HR Cost	-79	-76	+4.9%	+5.5%	-18	-18	-19	-21	-19	-19	-20	-22
Non HR Cost	-61	-56	+8.9%	+9.6%	-14	-14	-14	-15	-15	-15	-15	-16
Recovery of expenses	1	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Amortisation & depreciation	-19	-19	+2.9%	+3.5%	-4	-5	-5	-5	-4	-4	-5	-6
Operating costs	-159	-150	+5.6%	+6.2%	-36	-36	-37	-41	-38	-38	-39	-44
Gross Operating Profit	356	357	-0.3%	+0.4%	101	96	85	74	81	88	104	83
Loan Loss Provisions (LLPs)	-11	1	n.m.	n.m.	-3	7	3	-6	3	-3	4	-15
Net Operating Profit	345	358	-3.7%	-3.1%	99	103	88	68	84	85	108	68
Other Charges & Provisions	-98	-120	-18.1%	-17.6%	-83	-1	-32	-4	-89	0	-3	-6
o/w Systemic Charges	-98	-121	-18.8%	-18.3%	-83	-2	-31	-4	-89	2	-5	-6
o/w DGS	-3	-3	+8.1%	+8.8%	-3	0	0	0	-3	0	0	0
o/w Bank levies	-74	-100	-25.6%	-25.1%	-74	0	-27	1	-78	4	0	0
o/w SRF	-2	-2	-11.2%	-10.7%	-3	1	0	0	-3	1	0	0
Integration costs	-4	0	n.m.	n.m.	0	0	0	-1	0	0	0	-4
Net income from investments	-2	3	n.m.	n.m.	1	0	2	0	0	0	0	-1
Profit (loss) Before Tax	241	240	+0.2%	+0.9%	17	102	58	64	-5	85	104	57
Stated Net Profit	205	204	+0.4%	+1.1%	11	89	49	55	-10	75	92	48
DTAs from tax loss carry forward sustainability test*	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net Profit**	205	204	+0.4%	+1.1%	11	89	49	55	-10	75	92	48
Net Profit after AT1/Cashes***	198	195	+1.1%	+1.8%	10	86	48	52	-11	72	91	45
Income Statement Ratios

Cost income ratio	30.8%	29.6%	+1.2 p.p.		26.1%	27.4%	30.3%	35.7%	31.7%	29.9%	27.3%	34.9%
Cost of Risk (LLP annualised on Avg Loans) in basis points	19	-2	21		19	-48	-18	42	-19	23	-28	94
Volumes, bn
Customore Lane (ovel Banes and IC)	6.3	E.C.	.1200/		E 7	E 7	E 7	E 6	E 6	E 0	c 1	6.3
Customers Loans (excl. Repos and IC) Customer Depos (excl. Repos and IC)	6.3	5.6	+13.9% +10.9%		5.7	5.7 7.6	5.7	5.6 7.9	5.6 7.5	5.8	6.1	6.3
	8.8	7.9			7.9 5.3		7.5			7.9 5.0	8.3	8.8
Total RWA	5.3	5.1	+5.6%		5.3	5.2	5.2	5.1	4.7	5.0	5.0	5.3
Other Figures, units / %
FTEs (100%)	1,710	1,742	-1.8%		1,765	1,730	1,736	1,742	1,725	1,731	1,721	1,710
RoAC****	26.4%	24.7%	+1.7 p.p.		1.2%	47.1%	24.1%	27.0%	-10.7%	39.9%	53.1%	22.9%

^(*) Reversal of the impact booked in the Income Tax line where applicable

^(**) Net Profit means Stated net profit as defined in page 3 (Income Statement) adjusted for impacts from DTAs tax loss carry forward resulting from sustainability test

{15}------------------------------------------------

to Frogress.						20	)24			20	)25
Slovenia	FY25	FY24	Change (%)	Ch. Const FX (%)	10	2Q	3Q	4 Q	10	2Q	3Q	4Q
Income Statement, m
Theorite Statement, in
Net interest	85	103	-17.4%	-17.4%	27	26	25	24	22	21	20	22
Dividends	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Fees	32	31	+1.3%	+1.3%	8	8	8	8	8	8	8	8
Net insurance result	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Trading income	0	-1	n.m.	n.m.	-1	0	1	-1	0	0	0	0
Other expenses/income	0	0	+1.8%	+1.8%	0	0	0	0	0	0	0	0
Revenue	117	133	-12.1%	-12.1%	34	34	34	32	30	29	28	30
HR Cost	-28	-27	+1.3%	+1.3%	-7	-7	-7	-7	-7	-7	-7	-7
Non HR Cost	-15	-13	+12.8%	+12.8%	-4	-4	-4	-2	-4	-4	-4	-4
Recovery of expenses	0	0	+89.8%	+89.8%	0	0	0	0	0	0	0	0
Amortisation & depreciation	-5	-6	-8.7%	-8.7%	-1	-1	-1	-1	-1	-1	-1	-1
Operating costs	-48	-46	+3.2%	+3.2%	-12	-12	-12	-11	-11	-12	-12	-13
Gross Operating Profit	69	87	-20.2%	-20.2%	22	22	22	21	19	17	16	17
Loan Loss Provisions (LLPs)	-35	2	n.m.	n.m.	1	-2	3	-1	-1	-2	-6	-27
Net Operating Profit	34	88	-61.7%	-61.7%	24	20	25	20	18	15	10	-10
Other Charges & Provisions	-19	-36	-47.1%	-47.1%	-6	-10	-9	-11	-6	-3	-3	-8
o/w Systemic Charges	-11	-11	-6.4%	-6.4%	-4	-2	-2	-3	-5	-3	-3	-1
o/w DGS	-2	-1	+36.8%	+36.8%	-1	0	0	0	-2	0	0	0
o/w Bank levies	-6	-7	-20.5%	-20.5%	-2	-2	-2	-2	-2	-2	-2	0
o/w SRF	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Integration costs	-1	0	n.m.	n.m.	0	0	0	0	0	0	0	-1
Net income from investments	0	0	+50.0%	+50.0%	0	0	0	0	0	0	0	0
Profit (loss) Before Tax	13	52	-74.4%	-74.4%	18	10	17	8	12	12	8	-19
Stated Net Profit	11	41	-74.2%	-74.2%	14	8	13	6	10	10	6	-15
DTAs from tax loss carry forward sustainability test*	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net Profit**	11	41	-74.2%	-74.2%	14	8	13	6	10	10	6	-15
Net Profit after AT1/Cashes***	9	39	-77.8%	-77.8%	13	7	13	6	9	9	6	-15
Income Statement Ratios

Cost income ratio	40.7%	34.7%	+6.0 p.p.		34.5%	34.7%	34.9%	34.7%	37.6%	41.5%	41.5%	42.5%
Cost of Risk (LLP annualised on Avg Loans) in basis points	181	-8	189		-25	36	-67	25	19	35	124	524
Volumes, bn
Customers Loans (excl. Repos and IC)	2.2	1.9	+13.0%		1.9	1.9	2.0	1.9	2.0	1.9	1.9	2.2
Customer Depos (excl. Repos and IC)	3.2	3.1	+1.7%		3.0	3.0	3.1	3.1	3.0	3.0	3.1	3.2
Total RWA	1.4	1.4	-0.2%		1.3	1.4	1.4	1.4	1.3	1.3	1.3	1.4
Other Figures, units / %
Other Figures, Utility //
FTEs (100%) RoAC****	463	476	-2.7%		484	481	478	476	478	472	466	463
KOAL	3.7%	21.0%	-17.3 p.p.		30.1%	15.3%	27.4%	11.5%	20.2%	19.3%	11.9%	-35.1%

^(*) Reversal of the impact booked in the Income Tax line where applicable

^(**) Net Profit means Stated net profit as defined in page 3 (Income Statement) adjusted for impacts from DTAs tax loss carry forward resulting from sustainability test

{16}------------------------------------------------

Notice	to riogress.						20	)24			20	)25
The state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the s	Croatia	FY25	FY24	Change (%)	Ch. Const FX (%)	10	2Q	3Q	4Q	10	2Q	3Q	4 Q
The state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the s	Income Statement m
Marchest 7	meome Statement, in
The fire of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the content of the conte	Net interest	566	601	-5.9%	-5.9%	151	150	152	149	143	141	141	141
No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No. No.	Dividends	7	5	+49.7%	+49.7%	2	1	1	1	4	2	1	1
Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Second Company Seco	Fees	207	184	+12.5%	+12.5%	44	46	47	47	51	49	57	50
15	Net insurance result	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
March 197 208 10.78 10.78 12.78 209 200 200 200 200 200 201 202 202 201 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 20	Trading income	9	-1	n.m.	n.m.	2	0	1	-4	2	2	2	3
Fook 1-33 1-27 1-77 1-77 1-77 1-77 1-77 1-71 1-71 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72 1-72	Other expenses/income	18	17	+9.8%	+9.8%	1	7	9	0	9	8	2	-1
Very New New New New New New New New New New	Revenue	807	806	+0.2%	+0.2%	200	204	210	192	209	201	203	194
1	HR Cost	-133	-127	+4.7%	+4.7%	-29	-30	-32	-36	-31	-31	-31	-39
Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Processing control Process	Non HR Cost	-93	-94	-0.5%	-0.5%	-24	-23	-23	-24	-23	-21	-23	-26
1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5%	Recovery of expenses	1	1	+79.2%	+79.2%	0	0	0	1	0	0	0	1
14	Amortisation & depreciation	-22	-23	-5.4%	-5.4%	-6	-5	-5	-6	-5	-5	-5	-5
1	Operating costs	-246	-243	+1.5%	+1.5%	-59	-58	-60	-66	-60	-58	-60	-69
New Operand Fred Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred Changes & Fred	Gross Operating Profit	561	563	-0.3%	-0.3%	141	146	150	126	150	143	143	125
Their Charges A Problems 9 41 276 478 788 72 5 1 33 1 4 0 0 0 72 cick Spranic Charges 9 7 4 705 1 1 705 1 1 1 1 1 1 0 0 0 72 cick Spranic Charges 9 8 7 4 705 1 1 705 1 1 1 1 1 1 0 0 0 72 cick Spranic Charges 9 9 1 4 705 1 1 1 1 1 1 0 0 0 72 cick Spranic Charges 9 0 0 0 0 0 4 0 0 0 0 0 0 0 0 0 0 0 0 0	Loan Loss Provisions (LLPs)	15	30	-51.3%	-51.3%	16	12	5	-4	5	9	-12	13
The System Citages	Net Operating Profit	576	593	-2.9%	-2.9%	157	159	155	123	155	152	131	138
## Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common Common	Other Charges & Provisions	-9	-41	-78.5%	-78.5%	-2	-5	-1	-33	-1	0	0	-7
ON Bank levies 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0	o/w Systemic Charges	-7	-4	+70.1%	+70.1%	0	0	0	-4	0	0	0	-7
OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW SPF OW	o/w DGS	-7	-4	+70.1%	+70.1%	0	0	0	-4	0	0	0	-7
1	o/w Bank levies	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
1	o/w SRF	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Profit (loss) Before Tax 566 552 +2.6% +2.6% 155 153 154 89 155 153 131 128 Stated Net Profit 447 435 +2.7% +2.7% +2.7% 123 121 122 69 123 122 103 99 Net Profit and substainability text* 0 0 0 0 0 0 0 0 0	Integration costs	-2	-4	-59.8%	-59.8%	0	0	0	-4	0	0	0	-2
Stated Net Profit	Net income from investments	1	4	-73.0%	-73.0%	0	0	0	4	1	1	0	-1
Differ from tax loss carry forward sustainability test*	Profit (loss) Before Tax	566	552	+2.6%	+2.6%	155	153	154	89	155	153	131	128
Net Profit * 447	Stated Net Profit	447	435	+2.7%	+2.7%	123	121	122	69	123	122	103	99
New Profit after ATI/Cashes***	DTAs from tax loss carry forward sustainability test*	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Cost income ratio 30.5% 30.1% +0.4 p.p. 29.6% 28.4% 28.7% 34.1% 28.5% 28.9% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 35.5% 28.0% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4% 29.4	Net Profit**	447	435	+2.7%	+2.7%	123	121	122	69	123	122	103	99
Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income	Net Profit after AT1/Cashes***	434	423	+2.7%	+2.7%	121	116	120	65	121	117	102	94
Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income ratio Cost income	Income Statement Ratios
Cost of Risk (LLP annualised on Avg Loans) in basis points -12 -27 15 -60 -45 -19 13 -19 -28 38 -39 Volumes, bn Customers Loans (excl. Repos and IC) 13.3 11.4 +16.5% 10.8 11.3 11.4 11.4 11.4 11.9 12.5 12.8 13.3 Customer Depos (excl. Repos and IC) 16.4 16.6 17.1 17.4 17.5 17.9 18.3 18.1 Total RWA Other Figures, units / % Other Figures, units / % FTES (100%) 2,986 3,061 -2.4% 3,163 3,171 3,077 3,061 3,062 3,060 2,964 2,986
Volumes, bn Customers Loans (excl. Repos and IC) 13.3 11.4 11.6.5% 10.8 11.3 11.4 11.4 11.9 12.5 12.8 13.3 13.4 14.0% 16.4 16.6 17.1 17.4 17.5 17.9 18.3 18.1 17.4 19.8 Other Figures, Units / % FTEs (100%) 2,986 3,061 -2.4% 3,163 3,171 3,077 3,061 3,062 3,060 2,964 2,986							28.4%		34.1%	28.5%
Customers Loans (excl. Repos and IC) 13.3 11.4 15.5 10.8 11.3 11.4 11.4 11.9 12.5 12.8 13.3 13.4 15.1 15.4 16.6 17.1 17.4 17.5 17.9 18.3 18.1 16.4 16.6 17.1 17.4 17.5 17.9 18.3 18.1 18.1 18.1 18.2 8.2 8.5 8.8 9.3 9.3 9.4 9.8 Other Figures, Units / % FTES (100%) 2,986 3,061 -2.4% 3,163 3,171 3,077 3,061 3,062 3,060 2,964 2,986	Cost of Risk (LLP annualised on Avg Loans) in basis points	-12	-27	15		-60	-45	-19	13	-19	-28	38	-39
Customer Depos (excl. Repos and IC) 18.1 17.4 +4.0% 9.8 8.8 +12.1% 16.4 16.6 17.1 17.4 17.5 17.9 18.3 18.1 17.4 9.8 Other Figures, Units / % FTEs (100%) 2,986 3,061 -2.4% 3,163 3,171 3,077 3,061 3,062 3,060 2,964 2,986	Volumes, bn
Customer Depos (excl. Repos and IC) 18.1 17.4 +4.0% 9.8 8.8 +12.1% 16.4 16.6 17.1 17.4 17.5 17.9 18.3 18.1 17.4 9.8 Other Figures, Units / % FTEs (100%) 2,986 3,061 -2.4% 3,163 3,171 3,077 3,061 3,062 3,060 2,964 2,986	Customers Loans (excl. Renos and IC)	13.3	11 4	+16.5%		10.8	11 3	11 4	11 4	11.9	12.5	128	13 3
Other Figures, units / % FTES (100%) 9.8 8.8 +12.1% 8.2 8.5 8.5 8.5 8.8 9.3 9.3 9.4 9.8 5.6 5.7 5.7 5.7 5.7 5.7 5.7 5.7
FTEs (100%) 2,986 3,061 -2.4% 3,163 3,171 3,077 3,061 3,062 3,060 2,964 2,986	Total RWA
FTEs (100%) 2,986 3,061 -2.4% 3,163 3,171 3,077 3,061 3,062 3,060 2,964 2,986	Other Figures, units / %

	FTEs (100%) RoAC****

^(*) Reversal of the impact booked in the Income Tax line where applicable

^(**) Net Profit means Stated net profit as defined in page 3 (Income Statement) adjusted for impacts from DTAs tax loss carry forward resulting from sustainability test

{17}------------------------------------------------

to riogress.						20	)24			20	025
Romania	FY25	FY24	Change (%)	Ch. Const FX (%)	10	2Q	3Q	4 Q	1 Q	2Q	3Q	4Q
Income Statement
Income Statement, m
Net interest	675	520	+30.0%	+31.7%	117	121	122	159	170	163	168	174
Dividends	2	1	+80.9%	+83.4%	0	1	0	0	0	2	0	0
Fees	222	177	+25.3%	+27.0%	40	43	43	50	53	59	56	54
Net insurance result	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Trading income	44	32	+38.1%	+40.0%	9	7	9	7	9	9	11	14
Other expenses/income	4	0	n.m.	n.m.	1	-2	0	1	2	1	2	-1
Revenue	946	729	+29.7%	+31.5%	168	170	173	218	233	234	238	241
HR Cost	-184	-133	+37.9%	+39.8%	-29	-29	-31	-45	-46	-46	-45	-46
Non HR Cost	-133	-87	+53.1%	+55.2%	-18	-18	-18	-32	-34	-34	-32	-34
Recovery of expenses	0	0	+50.2%	+52.3%	0	0	0	0	0	0	0	0
Amortisation & depreciation	-50	-31	+65.4%	+67.6%	-8	-8	-5	-11	-13	-13	-13	-11
Operating costs	-367	-251	+46.5%	+48.5%	-55	-55	-54	-88	-93	-93	-89	-92
Gross Operating Profit	579	479	+20.9%	+22.6%	113	115	120	131	140	140	149	150
Loan Loss Provisions (LLPs)	-67	-45	+48.0%	+50.0%	8	16	-16	-53	5	-23	-33	-16
Net Operating Profit	512	433	+18.1%	+19.7%	121	131	104	78	145	117	116	133
Other Charges & Provisions	-59	-30	+94.0%	+96.7%	-13	-5	-5	-7	-19	-6	-14	-20
o/w Systemic Charges	-55	-30	+85.4%	+88.0%	-13	-5	-5	-7	-19	-6	-15	-14
o/w DGS	-2	-1	+60.1%	+62.3%	-1	0	0	0	-3	0	0	0
o/w Bank levies	-43	-22	+93.8%	+96.4%	-5	-5	-5	-7	-7	-7	-15	-14
o/w SRF	-9	-6	+59.3%	+61.5%	-6	0	0	0	-10	1	0	0
Integration costs	-41	-48	-14.4%	-13.3%	0	-1	-1	-46	-1	-7	-14	-20
Net income from investments	0	1	-9.7%	-8.5%	0	0	0	0	0	0	1	-1
Profit (loss) Before Tax	412	356	+15.9%	+17.5%	108	125	98	24	125	104	90	93
Stated Net Profit	296	257	+14.8%	+16.6%	88	102	79	-12	91	76	65	64
DTAs from tax loss carry forward sustainability test*	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net Profit**	296	257	+14.8%	+16.6%	88	102	79	-12	91	76	65	64
Net Profit after AT1/Cashes***	281	246	+14.2%	+16.0%	87	97	77	-15	89	71	63	59
Income Statement Ratios

Cost income ratio	38.8%	34.4%	+4.5 p.p.		32.6%	32.3%	31.0%	40.1%	40.0%	39.9%	37.4%	37.9%
Cost of Risk (LLP annualised on Avg Loans) in basis points	53	51	2		-40	-75	74	199	-18	75	103	50
Volumes, bn
					_
Customers Loans (excl. Repos and IC)	13.2	12.4	+5.9%		8.2	8.6	8.9	12.4	12.5	12.5	13.0	13.2
Customer Depos (excl. Repos and IC)	15.1	14.1	+7.2%		10.3	10.2	10.7	14.1	14.7	14.4	14.1	15.1
Total RWA	11.2	11.2	-0.5%		7.7	8.0	8.1	11.2	10.9	10.9	10.8	11.2
Other Figures, units / %
FTEs (100%)	4,475	5,169	-13.4%		3,291	3,251	3,268	5,169	5,052	4,851	4,510	4,475
RoAC****	18.6%	22.5%	-3.9 p.p.		31.5%	35.4%	27.2%	-6.5%	24.6%	17.4%	17.0%	15.4%

^(*) Reversal of the impact booked in the Income Tax line where applicable

^(**) Net Profit means Stated net profit as defined in page 3 (Income Statement) adjusted for impacts from DTAs tax loss carry forward resulting from sustainability test

{18}------------------------------------------------

to Frogress.						20	)24			20	)25
Bulgaria	FY25	FY24	Change (%)	Ch. Const FX (%)	10	2Q	3Q	4Q	1 Q	2Q	3Q	4Q
Income Statement, m
income Statement, iii
Net interest	508	507	+0.2%	+0.2%	126	127	127	127	125	124	127	132
Dividends	1	1	+37.0%	+37.0%	0	1	0	0	0	0	1	0
Fees	234	214	+9.6%	+9.6%	50	56	51	57	56	54	59	65
Net insurance result	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Trading income	19	19	+0.1%	+0.1%	7	3	4	5	4	4	5	5
Other expenses/income	0	15	-97.0%	-97.0%	4	3	6	2	1	2	1	-4
Revenue	763	755	+1.0%	+1.0%	187	189	189	191	187	185	193	198
HR Cost	-115	-108	+6.6%	+6.6%	-25	-25	-27	-30	-26	-26	-28	-35
Non HR Cost	-60	-58	+2.4%	+2.4%	-15	-13	-14	-16	-16	-15	-14	-15
Recovery of expenses	1	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Amortisation & depreciation	-30	-29	+1.5%	+1.5%	-7	-7	-7	-7	-7	-7	-8	-7
Operating costs	-203	-195	+4.3%	+4.3%	-47	-46	-48	-53	-49	-48	-49	-57
Gross Operating Profit	559	560	-0.2%	-0.2%	140	143	140	137	138	137	144	141
Loan Loss Provisions (LLPs)	-7	-43	-83.4%	-83.4%	-10	-12	-10	-11	3	30	-9	-32
Net Operating Profit	552	518	+6.7%	+6.7%	130	131	130	127	141	167	135	109
Other Charges & Provisions	-11	-8	+31.3%	+31.3%	-18	1	0	9	-19	9	0	0
o/w Systemic Charges	-11	-17	-36.9%	-36.9%	-18	1	0	0	-19	9	0	0
o/w DGS	-11	-17	-36.9%	-36.9%	-18	1	0	0	-19	9	0	0
o/w Bank levies	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
o/w SRF	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Integration costs	-8	-6	+45.7%	+45.7%	0	-2	-2	-2	0	-1	-1	-7
Net income from investments	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Profit (loss) Before Tax	534	504	+5.9%	+5.9%	112	130	128	133	122	176	134	102
Stated Net Profit	448	426	+5.1%	+5.1%	94	109	108	114	105	150	110	83
DTAs from tax loss carry forward sustainability test*	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net Profit**	448	426	+5.1%	+5.1%	94	109	108	114	105	150	110	83
Net Profit after AT1/Cashes***	435	414	+5.1%	+5.1%	93	105	106	110	103	144	109	79
Income Statement Ratios
income Statement Ratios
Cost income ratio	26.7%	25.8%	+0.8 p.p.		25.3%	24.3%	25.5%	28.0%	26.2%	26.0%	25.5%	28.8%
Cost of Risk (LLP annualised on Avg Loans) in basis points	6	44	-37		41	50	42	41	-12	-110	31	106
Volumes, bn
Totomes, on
Customers Loans (excl. Repos and IC)	12.4	10.6	+17.0%		9.5	9.9	10.2	10.6	10.9	11.2	11.7	12.4
Customer Depos (excl. Repos and IC)	15.9	13.5	+17.8%		12.5	12.6	12.9	13.5	13.8	14.1	14.8	15.9
Total RWA	9.4	8.1	+15.1%		7.5	7.8	7.8	8.1	9.2	8.5	8.7	9.4
Other Figures, units / %
FTEs (100%)	3,455	3,582	-3.5%		3,641	3,558	3,612	3,582	3,550	3,528	3,463	3,455
RoAC****	35.0%	39.7%	-4.7 p.p.		37.2%	40.9%	39.7%	40.9%	34.9%	46.7%	34.4%	24.2%

^(*) Reversal of the impact booked in the Income Tax line where applicable

^(**) Net Profit means Stated net profit as defined in page 3 (Income Statement) adjusted for impacts from DTAs tax loss carry forward resulting from sustainability test

{19}------------------------------------------------

to Progress.						20	)24			20	)25
Bosnia	FY25	FY24	Change (%)	Ch. Const FX (%)	10	2Q	3Q	4Q	1 Q	2Q	3Q	4 Q
Income Statement, m

Net interest	154	148	+3.6%	+3.6%	37	37	37	37	36	37	40	40
Dividends	0	0	-100.0%	-100.0%	0	0	0	0	0	0	0	0
Fees	80	78	+2.8%	+2.8%	19	19	19	22	18	20	22	21
Net insurance result	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Trading income	3	3	-7.4%	-7.4%	1	1	1	1	1	1	1	1
Other expenses/income	6	5	+14.4%	+14.4%	1	1	1	2	1	3	2	0
Revenue	243	235	+3.5%	+3.5%	57	58	57	62	56	60	64	62
HR Cost	-46	-45	+1.6%	+1.6%	-11	-11	-11	-12	-11	-11	-11	-13
Non HR Cost	-34	-32	+5.8%	+5.8%	-8	-8	-8	-9	-9	-8	-8	-9
Recovery of expenses	0	0	-37.2%	-37.2%	0	0	0	0	0	0	0	0
Amortisation & depreciation	-10	-10	-5.8%	-5.8%	-3	-3	-3	-3	-2	-2	-2	-2
Operating costs	-90	-88	+2.4%	+2.4%	-21	-22	-22	-23	-22	-22	-22	-25
Gross Operating Profit	153	147	+4.1%	+4.1%	36	36	36	39	34	39	43	38
Loan Loss Provisions (LLPs)	-2	-3	-26.0%	-26.0%	2	-2	-1	-1	-1	0	1	-3
Net Operating Profit	151	144	+4.7%	+4.7%	38	34	35	37	33	39	44	35
Other Charges & Provisions	-9	-10	-9.9%	-9.9%	-2	-2	-2	-3	-2	-1	-3	-3
o/w Systemic Charges	-10	-9	+6.7%	+6.7%	-2	-2	-2	-2	-2	-2	-2	-2
o/w DGS	-10	-9	+6.7%	+6.7%	-2	-2	-2	-2	-2	-2	-2	-2
o/w Bank levies	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
o/w SRF	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Integration costs	-1	-1	+68.3%	+68.3%	0	0	0	-1	0	0	0	-1
Net income from investments	0	0	n.m.	n.m.	1	1	0	-2	0	0	-1	1
Profit (loss) Before Tax	141	133	+5.8%	+5.8%	36	32	33	32	30	38	40	32
Stated Net Profit	123	116	+6.0%	+6.0%	31	28	29	29	26	33	35	30
DTAs from tax loss carry forward sustainability test*	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net Profit**	123	116	+6.0%	+6.0%	31	28	29	29	26	33	35	30
Net Profit after AT1/Cashes***	119	113	+6.1%	+6.1%	30	26	28	28	25	31	34	28
Income Statement Ratios

Cost income ratio	37.1%	37.5%	-0.4 р.р.		36.9%	37.7%	37.5%	37.9%	39.8%	35.8%	33.9%	39.3%
Cost of Risk (LLP annualised on Avg Loans) in basis points	7	11	-4		-26	38	8	22	11	-4	-16	37
Volumes, bn
Customers Loans (excl. Repos and IC)	3.0	2.6	+14.9%		2.4	2.5	2.6	2.6	2.7	2.9	2.9	3.0
Customer Depos (excl. Repos and IC)	4.2	3.9	+7.2%		3.7	3.7	3.8	3.9	3.8	3.9	4.1	4.2
Total RWA	2.8	2.5	+12.0%		2.3	2.3	2.4	2.5	2.6	2.7	2.6	2.8
Other Figures, units / %
FTEs (100%)	1,459	1,470	-0.8%		1,485	1,475	1,474	1,470	1,468	1,462	1,452	1,459
RoAC****	34.7%	37.3%	-2.6 p.p.		42.0%	35.5%	36.7%	35.2%	30.6%	35.8%	40.1%	32.29

^(*) Reversal of the impact booked in the Income Tax line where applicable

^(**) Net Profit means Stated net profit as defined in page 3 (Income Statement) adjusted for impacts from DTAs tax loss carry forward resulting from sustainability test

{20}------------------------------------------------

to Progress.						20	)24			20	25
Serbia	FY25	FY24	Change (%)	Ch. Const FX (%)	1 Q	2Q	3Q	4 Q	1 Q	2Q	3Q	4 Q
Income Statement, m
meome Statement, m
Net interest	236	234	+0.8%	+0.9%	57	57	59	61	57	58	60	61
Dividends	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Fees	82	82	+0.7%	+0.9%	21	19	19	22	21	19	21	22
Net insurance result	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Trading income	7	4	+60.6%	+60.7%	2	2	0	0	2	3	2	1
Other expenses/income	-1	-1	-12.5%	-12.4%	0	0	0	-1	0	0	0	0
Revenue	324	319	+1.6%	+1.7%	80	78	79	82	80	79	81	84
HR Cost	-48	-44	+10.0%	+10.1%	-10	-10	-11	-12	-11	-12	-11	-14
Non HR Cost	-36	-32	+11.7%	+11.8%	-7	-8	-7	-10	-8	-8	-8	-11
Recovery of expenses	0	0	-6.6%	-6.5%	0	0	0	0	0	0	0	0
Amortisation & depreciation	-10	-11	-6.7%	-6.6%	-3	-3	-3	-3	-3	-2	-3	-3
Operating costs	-94	-86	+8.6%	+8.7%	-19	-21	-21	-25	-22	-22	-22	-27
Gross Operating Profit	231	233	-0.9%	-0.8%	61	57	57	57	58	57	59	56
Loan Loss Provisions (LLPs)	0	8	n.m.	n.m.	10	-1	8	-10	1	-3	2	0
Net Operating Profit	231	240	-4.1%	-4.0%	71	56	66	48	59	54	61	56
Other Charges & Provisions	-3	-6	-45.1%	-45.1%	-2	-1	-1	-2	-1	4	-2	-4
o/w Systemic Charges	-6	-6	+6.4%	+6.5%	-1	-1	-1	-1	-1	-1	-2	-2
o/w DGS	-6	-6	+6.4%	+6.5%	-1	-1	-1	-1	-1	-1	-2	-2
o/w Bank levies	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
o/w SRF	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Integration costs	-1	0	n.m.	n.m.	0	0	0	0	0	0	0	-1
Net income from investments	1	-1	n.m.	n.m.	0	0	0	0	1	0	0	0
Profit (loss) Before Tax	228	234	-2.6%	-2.5%	69	56	64	45	59	58	59	51
Stated Net Profit	200	204	-2.2%	-2.1%	61	48	56	40	52	51	53	45
DTAs from tax loss carry forward sustainability test*	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net Profit**	200	204	-2.2%	-2.1%	61	48	56	40	52	51	53	45
Net Profit after AT1/Cashes***	194	199	-2.3%	-2.2%	61	46	55	38	51	49	52	43
Income Statement Ratios

Cost income ratio	28.9%	27.0%	+1.8 p.p.		24.2%	26.6%	26.8%	30.3%	27.1%	28.0%	27.5%	32.7%
Cost of Risk (LLP annualised on Avg Loans) in basis points	0	-24	24		-135	11	-102	119	-15	31	-18	3
Volumes, bn			'
Customers Loans (excl. Repos and IC)	3.8	3.3	+13.8%		3.0	3.1	3.2	3.3	3.3	3.4	3.6	3.8
Customer Depos (excl. Repos and IC)	4.5	4.4	+0.9%		3.6	4.0	4.1	4.4	4.2	4.3	4.2	4.5
Total RWA	4.2	3.8	+9.9%		3.4	3.6	3.6	3.8	3.7	4.0	4.0	4.2
Other Figures, units / %
FTEs (100%)	1,364	1,310	+4.1%		1,286	1,283	1,303	1,310	1,328	1,336	1,349	1,36
RoAC****	35.8%	40.5%	-4.7 p.p.		52.6%	38.6%	43.2%	28.5%	39.0%	36.4%	37.2%	30.8%

^(*) Reversal of the impact booked in the Income Tax line where applicable

^(**) Net Profit means Stated net profit as defined in page 3 (Income Statement) adjusted for impacts from DTAs tax loss carry forward resulting from sustainability test

{21}------------------------------------------------

Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property	to Progress.						20	)24			20	)25
Mathimene	Russia	FY25	FY24	Change (%)	Ch. Const FX (%)	10	2Q	3Q	4Q	10	2 Q	3Q	4Q
Maintenesi	Income Statement
March 1	income Statement, in
14	Net interest	730	818	-10.7%	-16.1%	200	201	210	207	191	196	176	167
No.	Dividends	0	0	+15.6%	+8.8%	0	0	1	0	0	0	0	0
Transpirence	Fees	214	249	-14.0%	-19.1%	44	58	74	73	67	60	43	44
Mere specialization	Net insurance result	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Methods	Trading income	165	224	-26.4%	-30.8%	39	39	98	48	108	42	3	13
Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Methods Meth	Other expenses/income	1	1	-33.1%	-37.1%	0	0	0	0	0	1	-1	0
Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin M	Revenue	1,110	1292	-14.1%	-19.2%	282	298	383	329	366	298	222	225
Remove principal principal programs 0	HR Cost	-96	-113	-14.8%	-19.9%	-29	-28	-29	-27	-24	-25	-24	-24
Avant Selection Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement Agreement	Non HR Cost	-77	-76	+0.8%	-5.2%	-18	-18	-19	-21	-21	-20	-15	-20
More Indication Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation Assume in the Computation													0
Operating profit 120 126 6.6% 1.24% 1.56 1.57 1.56 1.57 1.56 1.57 1.56 1.57 1.56 1.57 1.56 1.57 1.56 1.57 1.56 1.57 1.56 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.5			-36			-9			-8	-9	-9	-9	-11
Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Control Cont											-54		-55
Med Part Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med Med			1067	-15.6%	-20.6%	226		327	272	312	244	174	170
Note 1,068 121 11.9% 16.5% 264 340 344 263 325 251 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270													53
Content Charges & Provisions 77											251		223
## Cost of Risk (LiPanes) 6 10 41.7% 45.2% -3 3 -2 2 -2 -2 -2 -2													-3
O/W DGS		-6				-3				-2			-1
## Start levies ## O						-3							-1
1		0				0	0	0		0		0	0
Integration costs 14		0	0	n.m.		0			0	0	0	0	0
Net income from investments 32 52 -37.6% -41.9% 5 16 7 23 5 21 6 Profit (Loss) Before Tax 1,079 719 +50.1% +41.8% 266 157 328 -32 328 271 274 14.2% 14.2% 14.2% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% 15	Integration costs	-14	-44	-68.9%	-70.8%	0	0	0	-44	0	0	-1	-13
State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit Net Profit Net Profit State Net Profit State Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit Net Profit			52			5	16	7	23	5	21	6	0
State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net Profit State Net P	Profit (loss) Before Tax	1,079	719	+50.1%	+41.8%	266	157	328	-32	328	271	274	207
DTAs from tax loss carry forward sustainability test 0 0 0 n.m. n.m. Net Profit 814 577 +41.2% +33.3% 213 116 270 -22 256 216 238 Net Profit after AT1/Cashes** 797 555 +43.7% +35.5% 210 108 266 -29 254 209 236 Income Statement Ratios Cost income ratio 18.9% 17.5% +1.5 p.p. Cost of Risk (LLP annualised on Avg Loans) in basis points n.m. -612 n.m. Volumes, bn Customers Loans (excl. Repos and IC) 0.0 0 0 0 0 0 0 0 0 0.0 0 0 0 0.0 0 0 0 0.0 0 0 0 0.0 0 0 0 0.0 0 0 0 0.0 0 0 0	Stated Net Profit		577	+41.2%	+33.3%	213		270	-22	256	216	238	104
Net Profit Net Profit after ATI/Cashes* 797 555 443.7% 41.2% 433.3% 213 116 270 -22 256 216 238	DTAs from tax loss carry forward sustainability test*	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net Profit after AT1/Cashes*** 797 555 +43.7% +35.5% 210 108 266 -29 254 209 236		814		+41.2%		213		270	-22	256	216	238	104
Cost income ratio Cost of Risk (LLP annualised on Avg Loans) in basis points n.m612 n.m. Customers Loans (excl. Repos and IC) Customer Depos (excl. Repos and IC) Customer Depos (excl. Repos and IC) Customer Depos (excl. Repos and IC) 19.8% 19.0% 14.7% 17.2% 14.8% 18.1% 21.3% 18.1% 21.3% 19.0% 14.7% 17.2% 14.8% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1% 18.1%													98
Cost income ratio Cost of Risk (LLP annualised on Avg Loans) in basis points n.m612 n.m. Customers Loans (excl. Repos and IC) Customer Depos (excl. Repos and IC) Customer Depos (excl. Repos and IC) Customer Depos (excl. Repos and IC) 19.8% 19.0% 14.7% 17.2% 14.8% 18.1% 21.3% 19.0% 14.7% 17.2% 14.8% 18.1% 21.3% 1.0 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0	Income Statement Ratios
Cost of Risk (LLP annualised on Avg Loans) in basis points n.m. -612 n.m. -498 n.m. -305 246 -424 -234 n.m. Customers, bn Customers Loans (excl. Repos and IC) Customer Depos (excl. Repos and IC) 2.7 3.5 -21.1% 6.8 6.3 4.8 3.5 4.2 3.4 3.2 Total RWA 10.7 10.8 -1.6% 13.6 14.4 12.2 10.8 11.9 11.4 11.2
Volumes, bn Customers Loans (excl. Repos and IC) Customer Depos (excl. Repos and IC) 1.2 -47.5% 2.9 2.5 1.8 1.2 1.2 1.0 0.8 3.5 -21.1% 6.8 6.3 4.8 3.5 4.2 3.4 3.2 Total RWA 1.07 10.8 -1.6% 1.18 1.2 1.2 1.0 1.0 1.0 1.19 11.4 11.2	Cost income ratio	18.9%		+1.5 p.p.		19.8%	19.0%		17.2%			21.3%	24.5%
Customers Loans (excl. Repos and IC) 0.6 1.2 -47.5% 2.9 2.5 1.8 1.2 1.2 1.0 0.8 Customer Depos (excl. Repos and IC) 6.8 6.3 4.8 3.5 4.2 3.4 3.2 Total RWA 10.7 10.8 -1.6% 13.6 14.4 12.2 10.8 11.9 11.4 11.2	Cost of Risk (LLP annualised on Avg Loans) in basis points	n.m.	-612	n.m.		-498	n.m.	-305	246	-424	-234	n.m.	n.m.
Customer Depos (excl. Repos and IC) 2.7 3.5 -21.1% 6.8 6.3 4.8 3.5 4.2 3.4 3.2 Total RWA 10.7 10.8 -1.6% 13.6 14.4 12.2 10.8 11.9 11.4 11.2	Volumes, bn
Customer Depos (excl. Repos and IC) 2.7 3.5 -21.1% 6.8 6.3 4.8 3.5 4.2 3.4 3.2 Total RWA 10.7 10.8 -1.6% 13.6 14.4 12.2 10.8 11.9 11.4 11.2	Customers Loans (excl. Renos and IC)	0.6	1.2	-47 5%		29	25	18	12	12	1.0	0.8	0.6
Total RWA 10.7 10.8 -1.6% 13.6 14.4 12.2 10.8 11.9 11.4 11.2													2.7
													10.7
Other Figures, units / %		20.7	25.5	2.0 /0		25.0	- ··· T		20.0	11.5	T		20.7
	Other Figures, units / %
FTEs (100%) 1,563 2,590 -39.6% 3,116 3,064 2,955 2,590 2,517 2,355 2,111	FTFs (100%)	1 563	2 590	-39.6%		3 116	3.064	2 955	2 590	2 517	2 355	2 111	1,563
RoAC**** 10.0% 6.0% +3.9 p.p. 28.2% -3.8% 26.9% -32.8% 34.9% -9.0% -27.7%													43.3%

^(*) Reversal of the impact booked in the Income Tax line where applicable

NOTE: «Russia» means «Participation in AO Bank + Profit Centre Russia»

^(**) Net Profit means Stated net profit as defined in page 3 (Income Statement) adjusted for impacts from DTAs tax loss carry forward resulting from sustainability test

{22}------------------------------------------------

to Progress.					20	24			20	)25
GCC	FY25	FY24	Change (%)	1 Q	2Q	3Q	4 Q	1 Q	2Q	3Q	4Q
Income Statement, m
income Statement, m
Net interest	-611	-635	-3.8%	-186	-157	-150	-142	-143	-127	-164	-177
Dividends	582	32	n.m.	16	5	6	6	16	200	157	209
Fees	-37	-34	+8.8%	-8	-10	-7	-9	-14	-6	-10	-7
Net insurance result	-1	0	n.m.	0	0	0	0	0	0	0	-1
Trading income	-231	414	n.m.	176	124	35	79	82	-228	189	-275
Other expenses/income	-92	-89	+3.3%	-8	-25	-28	-27	-19	-15	-20	-37
Revenue	-389	-312	+24.8%	-10	-63	-145	-94	-77	-176	151	-287
HR Cost	-841	-826	+1.7%	-202	-198	-192	-235	-190	-185	-194	-272
Non HR Cost	600	644	-6.9%	189	178	160	117	178	171	156	95
Recovery of expenses	47	57	-17.0%	14	23	8	12	13	11	11	13
Amortisation & depreciation	-468	-474	-1.3%	-121	-114	-120	-119	-117	-118	-117	-117
Operating costs	-468 -662	-4/4 -599	-1.3% +10.4%	-121 - 121	-114 - 110	-120 - 143	-119 -225	-117 - 115	-116 - 121	-117 - 144	-117 -281
Gross Operating Profit	-1,051	-911	+15.3%	-121	-173	-288	-319	-113	-297	7	-568
Loan Loss Provisions (LLPs)	-1,031	0	n.m.	0	0	0	0	0	-8	3	-11
Net Operating Profit	- 1,066	- 911	+17.0%	- 130	- 173	- 288	- 320	- 192	-305	10	-579
Other Charges & Provisions	-1,000 -272	-311		-3	-1/3	0	2	-112	-207	4	-59
o/w Systemic Charges			n.m.	-s 0	0		0	0		0
o/w DGS	-1	0	n.m.		0	0	0	0	0	0	-1
o/w Bank levies	0	0	n.m.	0		0		0	0		0
o/w SRF	-1	0	n.m.	0	0	0	0	0	0	0	-1
	0	-106	n.m.					-	0		0
Integration costs Net income from investments	-86 463		-18.5%	-1	-5	-10	-89	-9 -7	-17	-15	-46 207
	462	0	n.m.	1	0	0	0		201	-38	307
Profit (loss) Before Tax	-962	-1,019	-5.6%	-132	-180	-300	-407	-218	-329	-38	-377
Stated Net Profit	21	-932	n.m.	-159	-159	-298	-316	-172	-163	-57	413
DTAs from tax loss carry forward sustainability test*	-328	0	n.m.	0	0	0	0	0	0	-2	-326
Net Profit**	-307	-932	-67.1%	-159	-159	-298	-316	-172	-163	-58	87
Net Profit after AT1/Cashes***	-401	-942	-57.4%	-160	-162	-299	-321	-173	-212	-60	44
Income Statement Ratios
Cost income ratio	n m	n m	n m	n m	n m	n m	n m	n m	n m	n m	n m
Cost of Risk (LLP annualised on Avg Loans) in basis points	n.m.	n.m. n.m.	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.	n.m. n.m.	n.m.
Cost of Risk (LEF affiliatises off Avg Loans) in casis points	n.m.	11.111.	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.	11.111.	n.m.
Volumes, bn
Customers Loans (excl. Repos and IC)	1.2	1.3	-7.1%	1.1	1.1	1.0	1.3	1.8	2.2	0.8	1.2
Customer Depos (excl. Repos and IC)	2.3	0.0	n.m.	0.0	0.0	0.0	0.0	3.8	1.6	1.9	2.3
Total RWA	9.7	7.6	+27.1%	5.4	3.8	9.4	7.6	10.4	6.3	8.2	9.7
Other Figures, units / %
other rigures, units / /0
FTEs (100%)	7,598	6,981	+8.8%	7,430	7,382	7,277	6,981	7,375	7,406	7,551	7,598

^(*) Reversal of the impact booked in the Income Tax line where applicable $% \left( x\right) =\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +\left( x\right) +$

^(**) Net Profit means Stated net profit as defined in page 3 (Income Statement) adjusted for impacts from DTAs tax loss carry forward resulting from sustainability test

{23}------------------------------------------------

					2024				2025
Group Fees, m	FY25	FY24	Change (%)	1 Q	2Q	3Q	4 Q	1 Q	2Q	3Q	4Q

Investment Products	2,609	2,401	+8.7%	646	619	578	557	725	648	621	615
Insurance	897	890	+0.8%	245	231	193	221	258	223	206	210
Financing & Advisory Fees	1,810	1,773	+2.1%	454	472	430	417	470	443	446	450
Current Accounts and Payments Fees	2,507	2,537	-1.2%	637	668	601	631	647	635	629	596
Client Hedging Fees*	860	772	+11.4%	195	180	207	190	242	215	182	221
Securitization	-181	-145	+24.6%	-47	-28	-34	-37	-36	-44	-47	-54
TOTAL FEE & COMMISSIONS	8,502	8,228	+3.3%	2,130	2,142	1,975	1,980	2,306	2,120	2,037	2,039

(*) Shift from Trading Income to Fees of the client hedging markup (commercial margin between final price to the client and the offer price, the latter being quoted by the trader and containing bid/offer, market risk hedging costs and day one XVA) for: FX spot operations, plain vanilla derivatives on FX, Fixed Income and Equity, Commodities derivatives.

{24}------------------------------------------------

		20	24			20
Branches, unit*	10	2Q	3Q	4 Q	10	2Q	3Q	4 Q
Total Group	3,078	3,073	3,064	3,039	3,005	2,990	3,100	3,075
Italy	1,950	1,950	1,944	1,943	1,943	1,942	1,941	1,941
Germany	261	261	260	251	223	214	215	213
Austria	104	104	104	104	102	104	104	104
CEE	707	704	704	701	702	701	819	809
Czech Republic	104	104	104	104	103	102	103	103
Hungary	50	50	50	50	50	50	50	50
Slovenia	16	13	12	12	12	12	12	12
Croatia	98	98	99	99	99	100	100	100
Romania	141	141	141	141	141	141	258	253
Bulgaria	128	128	128	125	127	126	126	121
Bosnia	99	99	99	99	99	99	99	99
Bosnia NBB	30	30	30	30	30	30	30	30
Bosnia Zabamostar	69	69	69	69	69	69	69	69
Serbia	71	71	71	71	71	71	71	71
Russia	56	54	52	40	35	29	21	8

Following the merge in UniCredit Bank Romania, starting from 3Q25 also the former Alpha Bank Romania branches are reported in the country Romania.

^* Retail Branches only; for Italy, Germany, AUT and CEE excluding minor premises, Corporate and Private Banking.

{25}------------------------------------------------

Disclaimer on Recast

#1 P&L Item Reclassification

2024 quarterly figures have been subject to a reclassification from Trading to Fees related to client hedging markup of the non linear derivative products

2004 and 1Q25 quartrly figures have been subject to reclassification from Fees to Risk & Charges of a levy on a specific type of financial transaction (Financial transaction tax - FTT); such fees paid to the State apply to, cash withdrawals, transfers to domestic or foreign accounts, currency exchange, and transactions related to various securities. Reclassification adopted for Hungary and Slovenia impacting consequently CEE Division and Group figures

#2 Division Austria figures

2024 quarterly figures have been subject to recast due to a shift to Germany of a portfolio of corporate clients belonging to the "Iberia portfolio", previously managed in Austria

#3 Division Germany figures

2024 quarterly figures have been subject to recast due to a shift to Germany of a portfolio of corporate clients belonging to the "Iberia portfolio", previously managed in Austria and a shift to Group Corporate Center of trading related activities concerning Bond & Rates, Brokerage and FX,Credit (in this case also impacting 1 and 2Q 25), previously managed in Germany

AI assistant

Unicredit Earnings Release 2025

4272_rns_2026-02-09_b3e79798-9295-4aaa-8ab7-7ee497482119.pdf

4 th quarter - FY 2025 results

Consolidated Accounts

Shareholders' Equity attributable to the Group & Shares, m

Notes:

Group Shares

LOANS TO CUSTOMERS

LOANS TO CUSTOMERS

GROUP CAPITAL STRUCTURE*

Noto:

Disclaimer on Recast

#1 P&L Item Reclassification

#2 Division Austria figures

#3 Division Germany figures

AI assistant

Unicredit — Earnings Release 2025

4272_rns_2026-02-09_b3e79798-9295-4aaa-8ab7-7ee497482119.pdf

4 th quarter - FY 2025 results

Consolidated Accounts

Shareholders' Equity attributable to the Group & Shares, m

Notes:

Group Shares

LOANS TO CUSTOMERS

LOANS TO CUSTOMERS

GROUP CAPITAL STRUCTURE*

Noto:

Disclaimer on Recast

#1 P&L Item Reclassification

#2 Division Austria figures

#3 Division Germany figures

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Unicredit Earnings Release 2025