Bank Of Cyprus Holdings Plc · CSECY:BOCH
Bank Of Cyprus — Q1 2026 Earnings Presentation
78 slides from Bank Of Cyprus's earnings presentation, May 11, 2026
Slide 1: Bank of Cyprus Group Financial Results
Bank of Cyprus Group GROUP FINANCIAL RESULTS For the quarter ended 31 March 2026
Slide 2: Disclaimer
Disclaimer The financial information included in this presentation is not audited by the Group’s external Forward-looking statements can be made in writing but also may be made verbally by auditors. directors, officers and employees of the Group (including during management presentations) in connect
Slide 3: Contents
01 1Q2026 financial performance 02 Contents ESG update 03 Appendix 3
Slide 4: 1Q2026 financial performance
01 1Q2026 financial performance
Slide 5: Why Bank of Cyprus
Why Bank of Cyprus Supportive Macro Leading Position in Banking and • Faster growth than Euro area average, Broader Financial Services despite ongoing geopolitical tension; • #1-2 positions across banking, insurance resilient to external shocks and payment solutions in Cyprus • Cyprus is a regional
Slide 6: Resilient and growing Cypriot economy amid global economic uncertainty
Resilient and growing Cypriot economy amid global economic uncertainty Entering a heightened geopolitical risk environment with solid Cyprus inflation at 3.0% in April 2026 economic growth Cyprus HICP2 index (yoy% change) Real GDP (yoy % change) 5.4% 14.0% 9.0% 6.3% 5.9% 2.4% 3.0% 3.6% 3.9% 3.8% 2.7
Slide 7: Strong fiscal foundations to withstand external shocks
Strong fiscal foundations to withstand external shocks Low public debt to GDP, outpacing Eurozone average Positive budget surpluses since 2022 As at 31 December 2025 Budget surplus as % of GDP1 146% Expected to 2.1% 2.6% 1.7% 1.5% 2.3% 137% decrease to 50%1 1.0% 4.3% 3.4% 116% by end-2026 101% 90% 8
Slide 8: 1Q2026 snapshot; strong start to the year
1Q2026 snapshot; strong start to the year Strong profitability at €121 mn NII stabilising at €181 mn, as expected (€ mn) (€ mn) 2.8% 128 Average ECB 2.3% 2.0% 2.0% 117 118 118 121 2.0% Deposit rate 186 182 180 183 181 1Q2025 2Q2025 3Q2025 4Q2025 1Q2026 1Q2025 2Q2025 3Q2025 4Q2025 1Q2026 Cost to inco
Slide 9: Sustainable growth of shareholder value
Sustainable growth of shareholder value Strong ROTE at 18.0% for 1Q2026 Growing TBV per share; €705 mn Well-capitalised with strong organic cumulative distributions since 2022 capital generation2 p.a. ROTE on 15% CET1 ratio Distribution (€ mn) Organic capital generation2 (bps) 25.9% 26.1% 25.9% 27.7
Slide 10: Financial targets set at Investor Update event in March 2026
Financial targets set at Investor Update event in March 2026 1Q2026 2026 2027 - 2028 ROTE 18.0% Mid-teens Mid-teens ROTE ON 15% CET1 RATIO 26.5% >20% >20% DISTRIBUTIONS PAYOUT1 Ordinary 70% 70% p.a. Up to 20%2 Up to 30%2 p.a. Top-up To be assessed annually ORGANIC CAPITAL GENERATION3 114 bps 350-400
Slide 11: 1Q2026 highlights
1Q2026 highlights • Strong new lending of €829 mn, up 9% qoq PAT STRONG VOLUME GROWTH • Gross performing loans at €11.1 bn, up 2% qoq • Mainly retail deposit base at €22.3 bn, flat qoq €121 mn • Profit after tax of €121 mn1 ATTRACTIVE ROTE PROFITABILITY • Basic earnings per share of €0.28 • Cost to
Slide 12: Income statement
Income statement 1Q2026 PAT of €121 mn; ROTE of 18.0% € mn 1Q2026 1Q2025 yoy% 4Q2025 qoq% Net interest income 181 186 -3% 183 -1% NII at €181 mn reflecting fewer calendar days in 1Q2026 Recurring non-interest income 65 60 8% 68 -5% Recurring non-NII down 5% qoq, on Other non-interest income 4 9 -56%
Slide 13: Highly liquid, customer funded balance sheet
Highly liquid, customer funded balance sheet Total assets AIEA1 1Q2026 Total liabilities & equity (€ bn) (€ bn) 28.6 28.7 Cash balances 28.6 28.7 Other assets 1.9 with Central Banks Other 1.7 1.5 2.0 REMU repossessed 0.4 0.4 properties 30% Equity (incl AT1) 2.9 3.1 Net loans 42% Wholesale 1.4 1.4 €2
Slide 14: NII stabilises at €181 mn in 1Q2026
NII stabilises at €181 mn in 1Q2026 NII at €181 mn, taking into account fewer NII broadly flat qoq at €181 mn Healthy volume growth increases AIEA2 by calendar days qoq driven by: 2% qoq (€ bn) • Gross performing loans up 2% qoq NIM1 • Fixed income portfolio up 5% qoq 313 +8% +2% (bps) 298 286 To st
Slide 15: Sustained hedging activity to manage the NII sensitivity
Sustained hedging activity to manage the NII sensitivity Hedging (€ bn) Dec 24 Mar 25 Dec 25 Mar 26 €0.45 bn hedging in 1Q2026, totaling €12.6 bn; covering Receive fixed IRSs1 on non- 48% of interest earning assets (vs 40% at 31 Mar 2025) 2.91 3.40 5.04 5.20 maturing deposits Average Receive fixed I
Slide 16: Deposits and pricing remained flat qoq
Deposits and pricing remained flat qoq Deposits at €22.3 bn, flat qoq and up 8% yoy Cost of deposits stabilising at 27 bps Deposits at €22.3 bn, flat qoq (€ bn) reflecting strong inflows at the +8% Cost of 35 end 1Q2026 29 27 27 27 20.7 22.2 22.3 Deposits1 (bps) 33% 6.8 30% 6.8 31% 6.9 100 88 80 80
Slide 17: Strong new lending of €829 mn in 1Q2026
Strong new lending of €829 mn in 1Q2026; gross performing loans up 2% qoq Strong new lending of €829 mn New lending remains high, close to historically high levels Gross performing loans up 2% qoq across all business lines (€ mn) (€ mn) New lending up 9% qoq driven mainly by corporate demand 842 829
Slide 18: Broad-based growth in performing loans
Broad-based growth in performing loans supported by domestic and international demand Gross performing loans1 Effective yield on performing loans Gross performing loans at €11.1 bn, (€ bn) (bps) up 2% qoq +2% 11.10 510 10.87 484 1.43 458 Effective yield on performing 1.36 0.5% 440 434 431 loans broa
Slide 19: Fixed income portfolio up 5% qoq
Fixed income portfolio up 5% qoq, at 19% of total assets Fixed income portfolio at Fixed income securities– NBV Fixed income securities per issuer type - NBV €5.4 bn up 5% qoq (€ bn) Other financial & other corporations Average yield of new % Cyprus Government 17% 18% 19% assets 8% investments in 1Q
Slide 20: Non-NII covering 70-80% of total operating expenses
Non-NII covering 70-80% of total operating expenses YoY Performance (1Q2026 vs 1Q2025) Non-NII at €69 mn in 1Q2026 (€ mn) Non-NII at €69 mn in 1Q2026, flat yoy 79% 77% 77%1 73%1 76% Recurring non-NII at €65 mn, up 8% yoy due to higher net 90 insurance result, primarily from the acquisition of Ethnik
Slide 21: Life and Non-Life insurance businesses contribution
Life and Non-Life insurance businesses – valuable and sustainable contribution to the Group CONTRIBUTION TO THE GROUP 24% Net insurance result (€ mn) +59% Recurring insurance PAT1 (€ mn) +46% contribution to Non-NII 10.8 8.7 c.33%2 c.293% Highly profitable; 6.8 5.9 Market Solvency share (#1) ratio 1
Slide 22: Leveraging digital offerings to enhance sales and customer experience
Leveraging digital offerings to enhance Group’s sales and customer experience… Increased use across all digital channels As at 31 March 2026 Of which 508K 1/3rd 478k 248k active users of digital Login to digital channels active mobile app users active QuickPay users channels daily Strong results fro
Slide 23: Continuously investing in digital initiatives engaging clients
…while continuously investing in digital initiatives engaging clients Digital Housing Loans • Banking for minors (age 6-17) • Digital application with instant decision • Parents can set up a Joey account for their child • €22 mn as at 31 March 2026 even if the child does not have a mobile phone • c.
Slide 24: Cost to income ratio remains low at 37%
Cost to income ratio remains low at 37% in 1Q2026 Yoy Performance (1Q2026 vs 1Q2025) Total operating expenses1 Total operating expenses1 up 4% yoy reflecting +4% (€ mn) 114 higher variable pay 87 94 91 23 91 2 8 3 5 Staff costs broadly stable yoy at €48 mn 48 47 48 46 48 +2% • Salary increments and
Slide 25: Healthy asset quality with NPE ratio at 1.1%
Healthy asset quality with NPE ratio to 1.1%; REMU stock <€0.4 bn Net release of 17 bps in cost of risk, driven by customer specific reversal NPE ratio at 1.1%; robust asset quality maintained 0.39% 0.32% 0.33% 0.26% Cost of risk at a credit of 17 bps (credit of €5 mn) in 1Q2026 reflecting: • a larg
Slide 26: Robust capital position; CET1 at 20.7%
Robust capital position; CET1 at 20.7% Organic capital generation of 114 bps3 in 1Q2026 Regulatory capital ratios 25.9% 25.3% Acquisition of a portfolio of performing loans & deposits of CDB 24.0% Bank at nearly par; estimated capital impact at completion of c.35 22.4% 20.4% 21.0% 20.5% bps4 19.2% 1
Slide 27: Small, bolt-on transactions in 1Q2026
Small, bolt-on transactions in 1Q2026 Acquisition of Performing Loan and Deposit portfolio of CDB Bank Agreement for the acquisition of Performing Loans & Deposit portfolio of CDB Bank Strategic rationale • Accelerates balance sheet growth • Expands customer reach • Modest positive impact on profita
Slide 28: BOC is investment grade rated by all credit rating agencies
BOC is investment grade rated by all 3 credit rating agencies Moody’s affirmed rating to A3 S&P affirmed rating to BBB- Fitch upgraded rating to BBB in December 2025; outlook positive in December 2025; outlook positive in November 2025; outlook stable A3 A3 A- A- A- A- Baa1 A3 BBB+ BBB+ Baa2 BBB BBB
Slide 29: Key information and contact details
Key information and contact details Contacts Investor Relations & ESG Executive Director Finance Tel: +357 22 122239, Email: investors@bankofcyprus.com Eliza Livadiotou, Tel: +35722 122128, Email: eliza.livadiotou@bankofcyprus.com Annita Pavlou Manager Strategy, Investor Relations & ESG Tel: +357 22
Slide 30: ESG update
02 ESG update Click here to find out more in our Annual Report
Slide 31: Key milestones achieved by 1Q2026
Key milestones achieved by 1Q2026 • c.€504 mn Green Housing gross loans with EPC Category A as of March 2026, compared to c.€452 mn as of December 2025 E • Environmentally friendly gross loans of c.€623 mn as of March 2026 compared to c.€572 mn as of December 2025 • Scope 1 and Scope 2 GHG emissions
Slide 32: ESG journey
ESG journey The ESG strategy formulated in 2021 is continuously expanding. The Group is maintaining its leading role in the Social and Governance pillars and focuses on increasing the Group’s positive impacts on the Environment, by transforming not only its own operations, but also the operations of
Slide 33: Delivering on our ESG commitments
Sustainable Development Goals: Delivering on our ESG commitments Stakeholder: Investors Regulatory Customers & Markets • Publish the second PRB Self- • Publish the second Sustainability Statement • Continue Assessment for FY2025 (CSRD report) enhancement of & Progress Report • Narrow gaps identified
Slide 34: Delivering on our ESG commitments
Delivering on our ESG commitments Climate Change – Target 1: GHG Emissions¹ – Scope 1 & Scope 2 (tCO2e) Bank’s performance against baseline of 2021: Reducing Scope 1 & Scope 2 GHG emissions by 42% by 2030 -3%³ compared to 2021 baseline (27%) (42%) (11%) (25%) (25%) Base 1,850 -4% 1,782 Scope 2 Purch
Slide 35: Delivering on our ESG commitments
Delivering on our ESG commitments Climate Change: Climate Change³: Climate Change: Increase portfolio of environmentally Decrease utilisation of renewable energy Reduce paper consumption² friendly loans in own operations Gross loans (€ mn) Renewable energy (kWh) 623 -14% 572 2.5 3 11 12 105 105 -31%
Slide 36: Delivering on our ESG commitments
Delivering on our ESG commitments Learning & Development1,2 Gender Diversity: Provide upskilling/reskilling employee opportunities At least 30% women in ExCo and Senior Management by 2030 Training Attendance (hours) Women Men 5,356 33% 33% (38%) ≥ 30% 5,254 9,612 8,245 1Q2024 1Q2025 1Q2026 2030 Targ
Slide 37: Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) BOC Oncology Centre¹: BOC Cultural Foundation: Wellbeing program “Well at Work”: Bank of Cyprus Cultural Foundation activities Contribute and support cancer patients 4 ~321 2 and their families through the Bank of 7,963 Cyprus Oncology Centre. 4,838 • Cumulative
Slide 38: Appendix
03 Appendix
Slide 39: Table of contents
Table of contents Executive Summary – Updated Financial Targets FY2022 Financial Performance Appendix Macroeconomic overview
Slide 40: Cyprus is a growing regional business and tech hub
Cyprus is a growing regional business and tech hub Well educated, highly skilled labour force Cyprus as an attractive business hub… Level of education • Cyprus is the eastern gateway to the European Union and a safe, stable and business friendly hub for the region Tertiary 47% #2 country in Europe •
Slide 41: Table of contents
Table of contents Executive Summary – Updated Financial Targets FY2022 Financial Performance Appendix Additional financial information
Slide 42: Robust liquidity position; significant surplus liquidity of €8.9 bn
Robust liquidity position; significant surplus liquidity of €8.9 bn Diversified, mainly retail funded deposit base Highly liquid balance sheet Group deposits Liquid assets ts posi 6% e SMEs 11% 20% 2% Cash balances with Central Banks d ed Retail Placements with Banks n cash 53% insur €22.3 bn Corpor
Slide 43: Analysis of deposits
Analysis of deposits Deposits by Type Deposits by Customer Sector Deposits by Currency (€ bn) (€ bn) (€ bn) Sector Dec 24 Dec 25 Mar 26 Type Dec 24 Dec 25 Mar 26 Currency Dec 24 Dec 25 Mar 26 Retail 12.61 13.50 13.53 Current, Demand 13.83 15.44 15.39 EUR 18.56 20.25 20.24 & Savings SME 1.16 1.40 1.3
Slide 44: Income statement
Income statement 1Q2026 1Q2026 1Q2025 yoy% 4Q2025 qoq% In July 2025, the Group received Net Interest Income 181 186 -3% 183 -1% notification that the Management Net fee and commission income 44 44 1% 47 -4% Committee of the Deposit Net foreign exchange gains and net gains/(losses) on financial Guara
Slide 45: Consolidated balance sheet
Consolidated balance sheet Assets (€ mn) 31.03.2026 31.12.2025 % change Liability and equity (€ mn) 31.03.2026 31.12.2025 % change Cash and balances with central banks 7,659 7,933 -3% Deposits by banks 365 404 -10% Customer deposits 22,260 22,187 0% Loans and advances to banks 536 576 -7% Debt secur
Slide 46: ROTE on 15% CET1 ratio
ROTE on 15% CET1 ratio TBV adjusted for excess CET1 capital on a 15% CET1 ratio ROTE on 15% CET1 € mn Dec 24 Dec 25 Mar 26 € mn Dec 24 Dec 25 Mar 26 Shareholders’ equity 2,590 2,710 2,829 PAT annualised 508 481 490 - Intangible assets (50) (52) (52) Average TBV adjusted for excess 1,839 1,823 1,848
Slide 47: Risk weighted assets– regulatory capital
Risk weighted assets– regulatory capital Risk weighted assets by geography Reconciliation of group equity to CET1 31.03.2026 € mn 31.12.24 31.12.25 31.03.26 € mn 31.03.26 Inc. retained Cyprus 10,810 10,403 10,543 earnings Shareholder’s equity 2,829 2,829 Overseas 24 21 21 Less: Intangibles (23) (23)
Slide 48: Overall capital requirements
Overall capital requirements CET1 and Total capital ratio minimum capital CET1 ratio requirements on 31 March 2026 at 11.93% and 16.53% 11.93% respectively 11.34% 11.38% c.1.28% CCyB c.0.92% c.0.90% 2.25% O-SII c.1.88% c.1.94% Pillar 2 requirement decreased by 25 bps to 2.50%, CCB 2.50% 2.50% 2.50%
Slide 49: Buffer to MDA restrictions level & distributable items
Buffer to MDA restrictions level & distributable items Significant CET1 MDA buffer as at 31 March 2026: 854 bps Regulatory CET1 Ratio CET1 Ratio including retained earnings (€902 mn) Distance to MDA: Distance to MDA: 854 bps 873 bps Including retained earnings for the period 31 March 2026, 20.5% 20.
Slide 50: Significant buffer above the MREL requirement
Significant buffer above the MREL requirement MREL ratio including capital used to meet the CBR1 (as % of MREL (% of RWAs) RWAs) at 34.5% as at 31 March 2026; 34.7%2 including retained earnings 34.5% 34.7% c.30.1% 3 3 MREL ratio (as % of Leverage Ratio Exposure (LRE)) at 12.9% as 9.1% 9.1% at 31 Mar
Slide 51: Income statement bridge for 1Q2026
Income statement bridge1 for 1Q2026 Underlying Statutory € mn Other basis basis Net interest income 181 - 181 Net fee and commission income 44 - 44 Net foreign exchange gains and net losses on financial instruments 4 - 4 Net gains on derecognition of financial assets measured at amortised cost - 3 3
Slide 52: Analysis of interest income and interest expense
Analysis of interest income and interest expense Analysis of Interest Income (€ mn) 1Q2024 2Q2024 3Q2024 4Q2024 1Q2025 2Q2025 3Q2025 4Q2025 1Q2026 Loans and advances to customers 138 139 139 132 124 121 119 119 115 Loans and advances to banks and central banks 92 73 69 64 57 46 42 42 40 Repurchase a
Slide 53: Current Market Forward curves
Current Market Forward curves Average ECB Deposit rate Average 6m Euribor Jan 2026 Apr 2026 Jan 2026 Apr 2026 FY2026: 2.1% FY2026: 2.6% 3.0% 2.8% 2.8% 2.8% 2.7% 2.6% 2.6% 2.5% 2.3% 2.3% 2.2% 2.5% 2.2% 2.2% 2.0% 2.0% 2.6% 2.4% 2.4% 2.1% 2.0% 2.2% 2.2% 2.2% 2.0% 2.0% 2.0% 2.0% 1.5% 1.0% 2025 1Q2026 2Q
Slide 54: Income statement by business line for 1Q2026
Income statement by business line for 1Q2026 IBU & Consumer SME Corporate € mn International RRD REMU Insurance Treasury JCC Other Total Banking Banking Banking corporate Net interest income/(expense) 83 13 31 30 2 (1) - 26 - (3) 181 Net fee & commission income/(expense) 16 3 5 13 1 - (2) 2 7 (1) 44
Slide 55: Statutory income statement for insurance businesses for 1Q2026
Statutory income statement for insurance businesses for 1Q2026 € mn 1Q2026 1Q2025 yoy% € mn 1Q2026 1Q2025 yoy% Insurance revenue 24.2 20.6 17% Insurance revenue 22.5 17.9 26% Insurance service expense (12.3) (13.2) -7% Insurance service income/ (expense) 11.5 (8.7) -233% Net insurance service result
Slide 56: Leading card processing and payment solutions business in Cyprus
Leading card processing and payment solutions business in Cyprus Strong transaction growth in value; up 12% yoy Net fee and commission income up 6% yoy, driven by Value of transactions (€ mn) higher volume of transactions and by structural +12% improvements in third-party cost absorption 4,372 3,914
Slide 57: JINIUS; leader in shaping the digital local economy
JINIUS; leader in shaping the digital local economy Business-to-Business (B2B) Business-to-Consumer (B2C) Going forward… • Electronic Invoicing • First service launched in April 2024 • Embed banking services & insurance products in Jinius (i.e do • Remittance management • Product Marketplace (15 pro
Slide 58: Table of contents
Table of contents Executive Summary – Updated Financial Targets FY2022 Financial Performance Appendix Additional Asset Quality Slides
Slide 59: Well diversified loan portfolio with high quality collateral
Well diversified loan portfolio with high quality collateral Gross performing loans1 by business sector of €11.1 bn € bn Housing Other Private 4.14 0.76 4.90 Individuals Hotels & 1.27 Catering Trade 0.90 Private individuals Private individuals Business LTV2 Housing Other €6.20 bn Real Estate 1.06 €4
Slide 60: Loans by economic activity, customer type and arrears analysis
Loans by economic activity, customer type and arrears analysis Gross loans (€ mn) Mar 25 Dec 25 Mar 26 Gross loans by customer Mar 25 Dec 25 Mar 26 Trade 910 921 908 type (€ mn) Manufacturing 408 460 457 Retail 3,620 3,740 3,780 Hotels & Catering 1,189 1,188 1,273 Retail other 1,081 1,115 1,129 Cons
Slide 61: Gross loans by IFRS 9 stage
Gross loans by IFRS 9 stage Gross loans by IFRS 9 stage Stage 2 ratio and coverage Stage 3 ratio and coverage € mn 10,955 11,188 1% Coverage 5.0% 6.4% 6.1% Coverage 56% 70% 71% 127 121 10,261 814 7% Stage 3 202 804 Stage 2 802 2.0% 7.8% 7.3% 7.3% 9,257 10,024 10,253 92% 1.2% 1.1% Stage 1 Stage 2 as
Slide 62: Stage exposures at 7% of loan book; 99% present no arrears
Stage 2 exposures at 7% of loan book; 99% of exposures present no arrears € mn 814 31 Limited migration rate of Stage 2 to Stage 3 at 2.0% 3.6% Hotel & catering 40 Trade 6.5% 5.2% 5.9% Other 206 • €271 mn (33%) Performing Forborne 2.5% • €127 mn (16%) Individual assessments 2.2% 2.0% 6.1% Real estat
Slide 63: Rescheduled Loans
Rescheduled Loans Rescheduled loans1 by customer type Fair value of collateral and credit enhancements € bn Dec 24 Dec 25 Mar 26 Loans and advances to customers (€ mn) Mar 26 Retail housing 0.09 0.04 0.04 Cash 626 Retail other 0.02 0.01 0.01 Securities 573 Letters of credit / guarantee 229 SMEs 0.03
Slide 64: REMU - the engine for dealing with foreclosed assets
REMU - the engine for dealing with foreclosed assets REMU repossessed stock reduced to €362 mn in March 2026 Organic sales1 comfortably above Book Value BV to 80% 76% 72% 71% 69% 68% 125% OMV 2.0 114% 109% 108% 105% 1.5 1.08 87% 88% 1.0 0.86 80% 77% Group BV 0.66 0.63 73% (€ bn) 0.5 0.38 0.36 0.0 De
Slide 65: REMU - the engine for dealing with foreclosed assets
REMU - the engine for dealing with foreclosed assets €2.49 bn sales1 of 5,411 properties across all property classes €13 mn sales1 in 1Q2026; comfortably above Book Value since set-up Sales € mn (contract prices1) 125% 128% 122% 88% 93% 83% 99 331 575 579 492 1,130 674 569 486 382 94 505 6 330 160 2
Slide 66: REMU - the engine for dealing with foreclosed assets
REMU - the engine for dealing with foreclosed assets Repossessed properties sold exceed properties acquired since 2019 REMU repossessed stock by type 31 March 2026 Group BV (€ mn) 19 37 Land Golf 524 1,488 Commercial & Manufacturing 62 €362 mn (1,363) Residential 213 Overseas 31 (18) (269) 362 Jan 1
Slide 67: Appendix: Footnotes
Table of contents Appendix Footnotes
Slide 68: Footnotes
Footnotes Slide 5 – Why Bank of Cyprus 1) Subject to market conditions as well as the outcome of the Group’s ongoing capital and liquidity planning strategy at the time Source: Cystat, Eurostat Slide 6 -Resilient and growing Cypriot Economy 1) Projections on Cypriot economy based on Ministry of Fina
Slide 69: Footnotes
Footnotes 1) Net of non-recurring items; relates to insurance reimbursement (€2 mn in 4Q2025 and €8 mn in 3Q2025) and release on premium tax of life insurance as part of the latest Slide 20 - Non-NII covering 70-80% of total tax reform of €5 mn (all recognised in 4Q2025) operating expenses 2) Exclud
Slide 70: Footnotes
Footnotes 1) The EPC is available at collateral level in the Group’s database therefore the one to one (one account number one collateral property with EPC A) assumption has been applied to identify the Green Housing loans. Slide 35 - Delivering on our ESG commitments 2) Reduction of paper consumpti
Slide 71: Footnotes
Footnotes 1) Please refer to section F.1 ‘Reconciliation of Interim Consolidated Income statement for the three months ended 31 March 2026 between the statutory and underlying basis’’ Slide 51-Income statement bridge for 1Q2026 of the Results Announcement Slide 53- Current Market Forward curves 1) S
Slide 72: Table of contents
Table of contents Executive Summary – Updated Financial Targets FY2022 Financial Performance Appendix Glossary & Definitions
Slide 73: Glossary & Definitions
Glossary & Definitions AC Amortised cost bonds. The Group’s profit after tax (attributable to the owners of the Company) as reported, adjusted for the results of certain one-off items (e.g. capital gains, certain write-downs/write-ups relating to certain re-organisation activities and/or legacy rela
Slide 74: Glossary & Definitions
Glossary & Definitions DTA Deferred tax asset. DFAs Debt for Asset Swaps. DFEs Debt for Equity Swaps. DTC Deferred Tax Credit. Effective yield Interest Income on Loans/Average Net Loans. Effective yield of liquid assets Interest income on liquids after hedging, over average liquids (Cash and balance
Slide 75: Glossary & Definitions
Glossary & Definitions Legacy exposures Legacy exposures are exposures relating to (i) Restructuring and Recoveries Division (RRD), (ii) Real Estate Management Unit (REMU), and (iii) non-core overseas exposures. Leverage Ratio Exposure (LRE) Leverage Ratio Exposure (LRE) is defined in accordance wit
Slide 76: Glossary & Definitions
Glossary & Definitions Non-interest income comprises Net fee and commission income, Net foreign exchange gains and net gains/(losses) on financial instruments and (excluding net gains on loans and advances to Non-interest income customers at FVPL), Net insurance result, Net (losses)/ gains from reva
Slide 77: Glossary & Definitions
Glossary & Definitions Non-legacy (performing) Relates to all business lines excluding Restructuring and Recoveries Division (“RRD”), REMU and non-core overseas exposures. The NSFR is calculated as the amount of “available stable funding” (ASF) relative to the amount of “required stable funding” (RS
Slide 78: Glossary & Definitions
Glossary & Definitions Return on Tangible equity (ROTE) Calculated as Profit/(loss) after tax (attributable to the owners of the Company) (annualised - (based on year - to - date days), divided by the quarterly average of Shareholders’ equity on 15% CET1 ratio minus intangible assets and after deduc