Optima Bank Sa · ATHEX:OPTIMA
Optima Bank Sa — Q1 2026 Earnings Presentation
39 slides from Optima Bank Sa's earnings presentation, May 12, 2026
Slide 1: 1Q 2026 Results
1Q 2026 Results 12 May 2026
Slide 2: Key highlights
Key highlights €47.5mn +22% YoY 25.0% Net Profit ROTE €5.5bn €6.4bn TCR * Loans Δ Depos Δ €1.5bn €1.6bn 14.27% 1.31% +38% YoY +34% YoY Loans Deposits Capital NPEs (%) *Capital ratio incorporates period profits, dividend provision 2
Slide 3: Higher NIM and leverage underpin the growth in profitability
Higher NIM and leverage underpin the growth in profitability Income statement KPIs €mn €mn 1Q 2026 4Q 2025 1Q 2025 QoQ YoY 1Q 2026 4Q 2025 1Q 2025 NIM 3.23% 3.17% 3.53% NII 62.0 56.6 49.5 9% 25% NFM 0.99% 1.21% 0.86% Fees 19.0 21.6 12.1 -12% 56% Cost to Core Income 23.2% 22.6% 26.3% PPI 65.3 67.2 52
Slide 4: Another quarter of solid credit expansion
Another quarter of solid credit expansion Gross loans grew 38% YoY +€1.5bn YoY Loan disbursements Δ +312 +276 +183 +690 +379 €mn €mn 1,252 5,497 5,118 4,245 4,428 1,233 3,970 1,184 985 937 1,027 1,042 927 775 746 3,934 4,264 3,042 3,219 3,386 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 1Q 2025 2Q 2025 3
Slide 5: Deposits run rate broadly on track with guidance
Deposits run rate broadly on track with guidance Deposits grew 34% YoY; +€1.6bn YoY Time deposits share in the mix Δ +129 +420 +456 +651 +105 59% €mn 6,299 6,404 57% 5,648 5,192 4,773 2,123 1,973 1,713 55% 1,609 55% 1,573 54% 3,935 4,176 4,431 3,200 3,584 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 1Q 2
Slide 6: Asset under management up by 29% YoY at €5.6bn
Asset under management up by 29% YoY at €5.6bn Total AuM* at €5.6bn; +€1.25bn Significant increase in mutual funds inflows in 1Q 2026 Δ +156 +439 +388 +188 +237 €mn €mn +29% +53% 5,560 5,135 5,323 561 126.7 6.9 383.6 4,747 520 4,308 487 544 415 507 510 356 576 752 250 4,141 4,294 4,455 3,756 3,200 1
Slide 7: Defensive balance sheet with solid liquidity metrics and €1.3bn in HQLAs
Defensive balance sheet with solid liquidity metrics and €1.3bn in HQLAs Strong Liquidity Metrics HQLAs 1Q 2026 Other securities 6% LCR NSFR 144.7% 119.2% Government bonds 50% €1,297mn Cash & Cash at Central Bank 43% L/D ECB funding/assets €mn 85% 0% 1,136 1,332 1,587 1,297 876 1Q 2025 4Q 2025 3Q 20
Slide 8: Consistent expansion in the asset base, now at €7.8bn with TBV at €0.8bn
Consistent expansion in the asset base, now at €7.8bn with TBV at €0.8bn 1Q 2026 assets grew 37% YoY Tangible Equity (€m) €mn €mn 1Q 2025 1Q 2026 Δ Cash & Cash at banks 842 1,044 202 499 Securities 746 1,102 356 144 736 783 Net Loans 3,920 5,422 1,503 609 Assets 5,686 7,791 2,105 355 243 118 148 Dep
Slide 9: CX a key pillar of our business model
CX a key pillar of our business model NPS (Net Promoter Score) Consistently high NPS 12M rolling 90.25 50 40 60 30 70 20 80 7.26 10 87.75 90 2023 2024 2025 2026 2.50 0 100 NPS measures the loyalty of customers to a company First developed in 2003 by Bain and Company Management Consultants Detrac
Slide 10: We reiterate our FY 2026 guidance
We reiterate our FY 2026 guidance FY 2026 guidance Loan growth +€1.1bn €6.2bn loans Deposits growth +€1.4bn €7.7bn deposits Net profit >€195mn +15% growth Implied ROTE ~24% Cost of Risk 55bps Cost to core income <30% 10
Slide 11: Lower capital requirements to support the Bank’s growth
Lower capital requirements to support the Bank’s growth New capital requirements Credit upgrades & ESG developments Previous New Previous New Actual LT dep. outlook Stable Positive 8.97% 11.76% T2 B1 Ba3 CET1 9.47% Tier1 11.54% 10.88% 11.76% TCR 14.31% 13.42% 14.27% 11
Slide 12: Euroxx bid to strengthen our position in investment banking and asset management
Euroxx bid to strengthen our position in investment banking and asset management Euroxx as a strategic opportunity and a ❖ Optima bank seeks a 67-80.8% stake in Euroxx bolt on acquisition for Optima bank ❖ All cash offer stands at €65.5mn for the maximum 80.8% stake Euroxx is the #3 Greek investment
Slide 13: Financial Analysis
Optima bank Financial Analysis
Slide 14: Strong core income growth driven by loan growth and strong fees
Strong core income growth driven by loan growth and strong fees NII grew 25% YoY Fees grew 56% YoY NIM 3.53% 3.23% NFM 0.86% 0.99% €mn €mn 12.1 0.1 0.5 62.0 -0.2 1.4 19.0 3.8 49.5 1.6 12.1 1Q 2025 Loans Securities Deposits Other 1Q 2026 1Q 2025 Loans/LGs Wealth Mngt. Other 1Q 2026 14
Slide 15: Higher base rate and increased volumes boosted NII in 1Q
Higher base rate and increased volumes boosted NII in 1Q NII Breakdown €mn 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 NIM down by 30bps YoY but on a QoQ basis, NIM Loans 55.3 56.6 56.0 60.5 67.4 was up by 6bps, due to higher volumes and marginally higher spreads and base rate. Fixed income 7.0 6.7 5.1
Slide 16: Fees grew 56% YoY with most lines increasing in the double digits
Fees grew 56% YoY with most lines increasing in the double digits NFI Breakdown €mn 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Fees from mutual funds (+100% YoY), brokerage Loans 2.6 2.9 2.6 5.6 3.0 (+85% YoY) and other fees (+96%, mainly due to IB) the key drivers in Q1. LGs 3.9 4.0 4.3 4.9 5.0 Broker
Slide 17: Cost efficiency remains top class
Cost efficiency remains top class Operating expenses Cost to core income FTEs (#) 590 605 610 627 641 €mn 26.3% 18.7 17.6 16.2 16.0 16.6 2.2 24.6% 24.8% 2.6 2.2 2.3 2.2 6.2 5.4 23.17% 5.4 4.9 5.2 22.6% 9.1 9.6 10.3 8.7 8.9 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Staff Costs G&A Costs Depreciation 1Q
Slide 18: Well diversified loan book
Well diversified loan book Loan book rate Gross loans breakdown 1Q 2026 5.3% Households 2.4% General services 7.06% 3.9% Prof.activities 6.95% 6.74% 3.7% IT 6.26% 4.5% Other 5.69% +0.8% QoQ 7.8% Transport/storage 5.29% 7.3% Construction 4.89% 4.87% 4.92% 10.0% Financial/insurance 10.2% Hospitality 1
Slide 19: Loan book breakdown
Loan book breakdown Retail Wholesale Consumer/margin SMEs - Mortgages Revolving 5% 15% 12% SMEs - Term 27% BB - €1,233mn €4,264mn Revolving 27% Large BB - Term Corporates - Large 53% Revolving Corporates - 28% Term 33% BB: Business banking-companies with turnover of €2.5-7.5mn SME: Small and medium
Slide 20: Deposit growth driven primarily by retail customers
Deposit growth driven primarily by retail customers Deposits movement Deposits mix 505 6,404 69% 726 244 156 4,773 Retail, Time Retail, 37% Demand 33% Wh/sale Demand Retail, Demand 1Q 2026 1Q 2025 Wh/sale Time Retail, Time €6,404mn Wholesale Demand 13% Deposits rate 1.63% 1.68% 1.62% Wholesale 1.43%
Slide 21: Well diversified securities book
Well diversified securities book Securities book mix Breakdown per classification FVTPL 22% GGBs 8% €1,102mn OCI 13% T-Bills 20% AMOC 65% Other 42% €1,102mn Securities over assets Other sovereigns 30% 17.6% 14.5% 14.1% 13.1% 12.8% 1Q 2025 1H 2025 9M 2025 FY 2025 1Q 2026 21
Slide 22: Asset Quality
Optima Asset Quality
Slide 23: Healthy balance sheet with broadly stable NPEs
Healthy balance sheet with broadly stable NPEs Cost of Risk NPE/NPL ratio (bps) 52 56 41 79 54 59 NPE NPL 1.48% 1.43% 9.4 1.31% 1.31% 7.1 0.90% 5.7 5.0 4.4 0.53% 0.52% 0.41% 0.46% 0.43% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 1Q 2025 1H 2025 9M 2025 FY 2025 1Q 2026 *Recurring cost of risk 23
Slide 24: 2/3s of NPEs at 0-89dpd with solid cash coverage
2/3s of NPEs at 0-89dpd with solid cash coverage Stage 3 coverage NPE buckets 189% 156% >90dpd 33% 0 dpd 28% 149% 148% 138% 134% 114% 115% 100% 91% €72.0mn 55% 41% 48% 47% 34% 1-89dpd 1Q 2025 1H 2025 9M 2025 FY 2025 1Q 2026 40% Cash coverage Collateral coverage 24
Slide 25: Capital
Optima Capital
Slide 26: The bank’s capital base will be strengthened by an AT1 instrument in Q2
The bank’s capital base will be strengthened by an AT1 instrument in Q2 TCR trajectory RWA density 0.84% 14.87% -0.24% 14.27% 78% 78% -1.20% 75% 74% 74% 1Q 2025 1H 2025 9M 2025 FY 2025 1Q 2026 4Q 2025 Organic Dividend accrual RWAs 1Q 2026 *Capital ratios incorporate period profits and dividend provi
Slide 27: Sustainability
Optima Sustainability
Slide 28: 2025 sustainability achievements
2025 sustainability achievements Support energy transition Memberships, Ratings & ✓ 95% renewable energy consumption (electricity) ✓ Green Asset Ratio: 1.26% (turnover)/ 2.66% (CAPEX) Awards ✓ 102.16 Kg CO2 emissions, avoided from being released ✓ 93 % reduction in Scope 2 (market- based) into the e
Slide 29: Sustainability targets – monitoring our sustainability journey
Sustainability targets – monitoring our sustainability journey Support energy transition Create value for people and the society Maintain sound governance model Target 2025 Target 2025 Target 2025 • 100% renewable energy in our 95% • Implement initiatives in 12 own operations support of a flexible a
Slide 30: Appendix
Optima Appendix
Slide 31: Income Statement
Income Statement in EURmn 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Net interest income 48.8 49.5 51.7 52.2 56.6 62.0 Net fee and commission income 12.1 12.1 13.3 14.7 21.6 19.0 Core Income 60.8 61.6 65.1 66.9 78.2 80.9 Other income 0.9 2.5 1.5 1.7 2.2 0.5 Trading Income 5.0 4.3 5.3 3.8 4.5 2.
Slide 32: Income Statement
Income Statement in EURmn FY 2024 1Q 2025 1H 2025 9M 2025 FY 2025 1Q 2026 Net interest income 189.9 49.5 101.2 153.4 210.0 62.0 Net fee and commission income 41.3 12.1 25.5 40.2 61.8 19.0 Core Income 231.2 61.6 126.7 193.6 271.8 80.9 Other income 3.7 2.5 4.0 5.7 7.9 0.5 Trading Income 19.8 4.3 9.6 1
Slide 33: Balance Sheet
Balance Sheet in EURmn FY 2024 1Q 2025 1H 2025 9M 2025 12M 2025 1Q 2026 Cash & Cash at C.B. 969 842 1,091 1,171 1,005 1,044 Securities 728 748 800 975 1,333 1,102 Net Loans 3,613 3,920 4,190 4,368 5,050 5,422 PP&E 11 10 10 11 11 10 Intangible Assets 11 11 11 11 11 11 RoU assets 20 20 19 18 18 17 DTA
Slide 34: Macroeconomic environment
Macroeconomic environment CPI Jan 2022 - March 2026 GDP Jan 2022 – 4Q 2025 Nominal GDP* 9.2% 9.2% 9.6% 7.8% 4.4% 5.3% 7.1% 4.7% 3.90% 2.5% 5.5% 3.5% 2.8% 3.0% 2.70% 2.00% 3.10% 2.60% 3.5% Real GDP* 1.9% 2.9% 2.8% 3Q 20 1Q 22 3Q 23 1Q 20 2Q 20 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 2Q 22 3Q 22 4Q 22 1Q 23 2Q
Slide 35: Positive outlook for the Greek economy
Positive outlook for the Greek economy Greek sovereign ratings Greek economic sentiment index Latest credit ratings Outlook 106.8 Last upgrade: 11/2025 BBB Stable (11/2025) Last upgrade: 4/2025 BBB Stable Jun 19 Jun 20 Jun 21 Jun 22 Jun 23 Jun 24 Jun 25 Sep 19 Dec 19 Dec 20 Sep 21 Dec 21 Dec 22 Dec
Slide 36: Glossary
Glossary Adjusted net profit: Net profit/loss adjusted after adding back one off expenses or deducting one off revenues Basic Earnings per share (EPS): Net profit attributable to ordinary shareholders divided by the weighted average number of shares Common Equity Tier 1 (CET1): Common Equity T
Slide 37: Disclaimer
Disclaimer This is a presentation of an exclusively informative nature, intended to provide general information about the Bank. Your participation in any way in an event at which the presentation is shown or your access to it in any other way constitutes an acknowledgment that you have read the term
Slide 38: Contact information
Contact information Kostantinos Vatousis, Head of Strategy, IR & ESG George Doukas, IRO kvatousis@optimabank.gr gdoukas@optimabank.gr 32 Aigialeias & Paradeisou str. Maroussi Athens 15125 Greece OPTIMAr.AT OPTIMA GA ISIN: GRS533003000 www.optimabank.gr 38
Slide 39: Optima bank
Optima bank