Slide 1: Alpha Bank Q2 2025 Results
Alpha Bank Q2 2025 Results Investor presentation 1st August 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared and issued by Alpha Bank S.A. (“Alpha Bank”), solely for informational purposes. It is hereby noted that on 27.6.2025, the merger by absorption of “Alpha Services and Holdings S.A.” by Alpha Bank was completed. References to “Alpha Services and Holdings
Slide 3: Pages
Pages Business Update 3 Financial Performance Financial Performance 10 Alpha Bank Macroeconomic Update Macroeconomic Update 19 PL P&L 21 Balance Sheet Balance Sheet 32 Asset Quality Asset Quality 44 Capital Capital 50 Segmental Information Segmental Information 56 Digital Digital 62 ESG ESG 64 3
Slide 4: H1 2025 performance reinforces outlook
H1 2025 performance reinforces outlook H1 2025 Group Results Return on Tangible Equity1 Reported Profit After Tax €517mn +60% y/y 14.2% or 11.7% reported Set strong profitability foundation Normalised Profit After Tax €460mn +5% y/y Net Interest Income €795mn (5%) y/y Earnings Per Share2 Resilient T
Slide 5: ELTA: strategic partnership for nationwide financial inclusion
ELTA: strategic partnership for nationwide financial inclusion Rationale of the partnership 01 Expands Alpha Bank’s physical footprint to 1,400+ locations, Signed a new … promoting Alpha Bank’s enhancing access for exclusive financial technology and individuals and SMEs partnership to inclusion for
Slide 6: Unicredit partnership reinforced
Unicredit partnership reinforced COMMERCIAL PARTNERSHIP WEALTH & ASSET MANAGEMENT WHOLESALE • Continued successful collaboration in Wealth with onemarkets Funds • Providing Alpha Bank’s clients with access to UniCredit’s pan-European network, launched in 2024, and offering being continuously enhance
Slide 7: Structural advantages leading to earnings growth
Structural advantages leading to earnings growth Alpha Bank’s structural advantages Outlook for 2027 • Dynamic management of interest rate sensitivity Positioned to absorb rate • Significant potential from structural growth dynamics cuts and grow NII… • Further upside from balance sheet and franchis
Slide 8: EPS expansion to continue across 2025-2027
EPS expansion to continue across 2025-2027 +15%2,3 On track to sustain EPS trajectory1 EPS CAGR in 2024-2027 positive EPS trajectory: 0.533 including buyback effect • +5% EPS growth in 2025 +9% Guided EPS CAGR • +12% EPS CAGR in 0.46 in 2024-2027 2026-2027 excluding buyback effect Consensus 0.44 c.
Slide 9: Significant potential to create and return value to shareholders
Significant potential to create and return value to shareholders 1 Organic RWA expansion in wholesale and retail segments in Greece and Cyprus Organic growth 2 Increasing ordinary payout over 2025-2027 Ordinary payout Capital allocation in A Share buybacks & extraordinary dividends 2025-2027 3 B Bol
Slide 10: Pages
Pages Business Update Business Update 3 Financial Performance 10 Alpha Bank Macroeconomic Update Macroeconomic Update 19 PL P&L 21 Balance Sheet Balance Sheet 32 Asset Quality Asset Quality 44 Capital Capital 50 Segmental Information Segmental Information 56 Digital Digital 62 ESG ESG 64 10
Slide 11: Group Profit & Loss Summary
Group Profit & Loss Summary Profit & Loss (€ mn) H1 2024 H1 2025 Δ% Q1 2025 Q2 2025 Δ% Net Interest Income 833 795 (5%) 395 399 1% Net fee and commission Income 197 229 16% 108 122 13% Trading & Other Income 67 86 28% 56 30 (46%) Operating Income 1,097 1,110 1% 559 551 (1%) Total Operating Expenses
Slide 12: Q2 25 Group Profit and Loss
Q2 25 Group Profit and Loss (1%) Group, € mn 578 542 544 559 551 Q2 y/y Operating income: ▪ Net interest income +1% q/q offsetting deterioration from +2% Operating Income rates and US $. Fee income +3% q/q underlying ▪ Quarterly decline reflecting normalization of trading 5% Operating expenses: +1%
Slide 13: Q2 25 Group Balance Sheet
Q2 25 Group Balance Sheet +1% Group, € bn 34.9 31.6 34.1 34.5 Q2 y/y Performing loans: 30.5 ▪ Growth fueled by corporates despite FX headwinds Performing loans1 +15% ▪ €1.5bn net credit expansion in H1, partially offset by FX headwinds and NPE portfolio reclassified to Held-For-Sale +2.7% 71.6 69.5
Slide 14: Net interest income and Fees
Net interest income and Fees Interest Income / Interest Expense breakdown Fees o/w c. (€5mn) impact Group, € mn Group, € mn from government measures 411 408 406 122 395 114 399 109 108 100 32 29 38 30 24 28 Loans PE 481 475 472 22 439 419 22 25 30 5 5 5 4 7 40 42 38 34 29 Bonds 101 104 107 106 110 1
Slide 15: Performing loans and Customer Funds
Performing loans and Customer Funds Performing loan book expansion Customer Funds evolution Group, € bn Group, € bn YoY +15% +9% +2.7% +1% 71.6 7% +1% 0.5 34.9 0.5 69.7 0.9 34.1 34.5 31% +4% 1.7 1.6 1.6 31.6 65.8 20.3 30.5 (5)% 1.5 19.3 7.4 7.3 1.3 7.5 AuMs 17.6 7.6 7.7 +20% 25.5 25.9 25.0 22.6 48.2
Slide 16: Asset quality
Asset quality NPE ratio Group % 4.6% 4.5% NPE ratio target for the 3.7% 3.7% year achieved 3.5% 65 56 57 52 Cost of Risk 12 Cost of Risk at 39bp 13 13 11 9 39 Servicing fees Group, bps 13 12 13 11 reflecting benign 32 42 12 Securitization expenses 31 30 environment 16 Underlying 57% Coverage at 57%
Slide 17: Quarterly evolution in Capital
Quarterly evolution in Capital FL CET1 Phased in 16.1% 16.6% % 0.8% 0.1% (0.1%) 0.2% (0.3%) (0.4%) 0.4% Organic Capital Generation 16.3% 16.2% 16.2% 15.7% 1 Mar-25 Q2 25 Organic DTA DTC RWAs other capital Transactions Jun-25 Jun-25 post Jun-25 capital elements dividend accrual pro forma RWAs €bn 31.
Slide 18: Outlook update
Outlook update Previously…. Updated Revenues 2025 confirmed >2.2bn • NII: $ and rate pressure • Fees & other better Guidance on costs reiterated Cost of Risk sustainably at c45bp ROTE c13% in 2027 EPS 2% higher • 0.37 in 2025 • 0.46 in 2027 (incl. acquisitions) Capital >15% in 2025 and >16% in 2027
Slide 19: Pages
Pages Business Update Business Update 3 Financial Performance Financial Performance 10 Alpha Bank PL Macroeconomic Update 19 P&L 21 Balance Sheet Balance Sheet 32 Asset Quality Asset Quality 44 Capital Capital 50 Segmental Information Segmental Information 56 Digital Digital 62 ESG ESG 64 19
Slide 20: Solid growth dynamics, declining unemployment and persistent inflation
Solid growth dynamics, declining unemployment and persistent inflation Selected indicators in H1 2025 Unemployment rate in euro area countries Spain 10,9 15,7 Year-to-Date Finland 8,2 9,1 Greece 8,9 16,3 New Passenger Car Registrations 1.9% Estonia France 7,3 6,7 7,9 8,1 (Jan – June 25) Latvia 7,0 7
Slide 21: Pages
Pages Business Update Business Update 3 Financial Performance Financial Performance 10 Alpha Bank Macroeconomic Update Macroeconomic Update 19 P&L 21 Balance Sheet Balance Sheet 32 Asset Quality Asset Quality 44 Capital Capital 50 Segmental Information Segmental Information 56 Digital Digital 62 ESG
Slide 22: Group Profit & Loss Summary
Group Profit & Loss Summary Profit & Loss H1 H1 yoy % Q2 Q1 qoq % Reported Profit After Tax (€ mn) 2025 2024 change 2025 2025 change +166% +31% Net Interest Income 795 833 (5%) 399 395 1% €294mn Net fee and commission Income 229 197 16% 122 108 13% €223mn Trading & Other Income 86 67 28% 30 56 (46%)
Slide 23: Profit & Loss - Detailed
Profit & Loss - Detailed qoq% yoy% (€ mn) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 change change Net Interest Income 411.1 408.2 405.7 395.3 399.3 1.0% (2.9%) Net fee and commission income 100.1 108.8 114.4 107.5 121.6 13.1% 21.4% Income from financial operations 13.3 17.6 43.5 47.3 7.1 (85.0%) (47.0
Slide 24: Main P&L items
Main P&L items Net Interest Income Net fee and commission income Group, € mn Group, € mn 411 122 408 114 406 399 109 108 395 100 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Recurring operating expenses Cost of Risk1 Group, € mn €mn & bps over net loans 65bps 234 56bps 57bps 52bps 211
Slide 25: Net Interest Income driver headlines
Net Interest Income driver headlines Performing loan spreads3 Deposit costs Individuals Greece, % Deposit beta1 Greece, % Business 24% 24% 22% 17% 18% 3.11% 3.07% 3.04% 3.04% 2.99% Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 2.83% Term Deposit pass-through2 EUR, % 2.73% 70 64% 65% 60% 60 53% 56% 2.66% 50 2.56% 40
Slide 26: Loan and deposit spreads
Loan and deposit spreads Net loan balances & spreads Deposit mix & cost evolution € bn bps, € bn 274 274 221 201 190 287 278 273 263 258 300 % Total 48.2 49.7 51.0 50.4 51.3 41.0 200 13.7 39.8 40.2 13.1 13.9 14.9 14.3 27% 37.6 100 73% End of 36.5 35.0 35.9 36.1 36.1 37.6 quarter balances 0 Q2 24 Q3
Slide 27: Fees
Fees € mn € mn Group Segments 122 122 114 114 109 108 109 108 100 32 100 43 29 38 35 30 30 24 44 40 28 22 22 25 30 5 41 33 38 5 5 4 29 7 29 40 42 38 34 29 37 37 29 32 28 12 13 14 11 14 5 5 5 5 5 0 (1) 0 2 0 1 0 2 0 (1) Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Business credit relat
Slide 28: Costs
Costs € mn € mn Group Segments Cost-Income 39% 39% 41% 36% 39% ratio 234 234 211 211 214 211 211 214 204 204 97 107 102 100 99 93 92 88 97 94 92 49 78 73 44 45 42 47 80 83 16 13 14 16 16 21 19 20 22 21 16 17 40 45 45 35 34 16 14 15 17 15 23 15 16 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q2 24 Q3 24 Q4 24 Q1 25
Slide 29: Operating Expenses
Operating Expenses Group, € mn Q2 25 Q2 24 yoy % Q2 25 Q1 25 qoq % Recurring Operating Expenses evolution €mn Staff costs (97.0) (92.8) 4.6% (97.0) (88.2) 10.0% 234 General Administrative 211 211 214 (83.1) (78.3) 6.2% (83.1) (80.4) 3.5% 204 expenses 97 Staff costs Depreciation and 93 92 97 (34.0) (
Slide 30: Reported to Normalised
Reported to Normalised Profit & Loss (€ mn) Bridge between reported and normalised profit Q2 2025 Published Delta Normalised Net Interest Income 399 (3) 396 Net fee and commission Income 122 0 122 Trading income 7 3 10 Other income 23 0 23 Operating Income 551 551 Staff costs (97) 0 (97) General Adm
Slide 31: Reported to Normalised
Reported to Normalised Bridge between Reported and Normalised Profit - Quarterly (€ mn) Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Reported Profit/ (Loss) after income tax 115 70 59 111 191 195 121 212 110 167 165 223 294 Net Interest Inco
Slide 32: Pages
Pages Business Update Business Update 3 Financial Performance Financial Performance 10 Alpha Bank Macroeconomic Update Macroeconomic Update 19 PL P&L 21 Balance Sheet 32 Asset Quality Asset Quality 44 Capital Capital 50 Segmental Information Segmental Information 56 Digital Digital 62 ESG ESG 64 32
Slide 33: Q2 2025 Group Balance Sheet Summary
Q2 2025 Group Balance Sheet Summary Balance Sheet Tangible Book Value Jun 2025 Mar 2025 Jun 2024 q/q (€ bn) Group, € bn +12% +4% Total Assets 73.5 73.1 73.5 0.3 7.5 Securities 17.2 17.3 16.5 0.0 7.2 7.0 Cash & Cash Balances 3.1 3.5 4.2 (0.4) 6.8 6.7 Net Loans 41.0 40.2 36.5 0.8 Q2 24 Q3 24 Q4 24 Q1
Slide 34: Balance sheet composition
Balance sheet composition Asset split Liabilities and Equity split € bn € bn 73.5 73.1 73.5 73.1 Cash 3.5 Cash 3.1 2.8 ECB 2.5 ECB Due from Banks 2.3 Due from Banks 2.3 4.8 Due to Banks 5.3 Due to Banks Securities 17.3 Securities 17.2 13.7 Time Deposits 14.3 Time Deposits 50.4 51.3 36.1 Core Deposit
Slide 35: Business Volumes
Business Volumes (€ mn) Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 % YoY Group Gross Loans 37,236 38,318 40,479 40,786 41,687 12.0% Mortgages 7,083 7,065 6,888 6,846 6,744 (4.8%) Consumer Loans 1,253 1,255 1,212 1,197 1,217 (2.9%) Credit Cards 1,003 976 994 943 942 (6.1%) Small Business Loans 1,94
Slide 36: Net Credit Expansion trends
Net Credit Expansion trends Net credit expansion Individuals Businesses Greece, € bn 2.0 0.2 Disbursements 1.2 1.1 0.1 0.9 0.2 0.6 0.2 0.0 0.1 0.0 3.9 0.1 0.2 0.1 0.2 2.9 2.7 2.6 2.4 1.9 1.7 1.7 1.9 Repayments (1.7) (1.6) (1.6) (1.7) (1.9) (1.7) (1.9) (1.7) (1.7) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2)
Slide 37: Net credit expansion breakdown
Net credit expansion breakdown Performing loans New disbursements – per category Greece, € bn Greece, € mn Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Beginning of period 36.2 36.5 35.9 36.8 38.9 39.1 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Disbursements 1.9 2.1 3.0 4.0 2.5 2.8 Individuals 112
Slide 38: Loan portfolio breakdown
Loan portfolio breakdown Information Total Group loans – per segment Group Loans portfolio structure1 and € bn € bn communication Consumer loans Households Credit Cards 3% 1% 21% 2% Small Business Loans Administrative Financial and insurance activities 4% and 19% Mortgages support 16% service activi
Slide 39: Securities portfolio
Securities portfolio Securities portfolio Group, Book value, Mar-25, € bn ▪ The “Other/ECB eligible” bonds of €8.2bn is broken down to the following T-bills Mutual Funds & Equities categories: 0.5 0.4 o/w 15.1bn • €4.8bn other sovereign bonds HQLAs • €0.9bn bonds issued by supranationals GGBs 17.2bn
Slide 40: Customer Funds trends
Customer Funds trends Customer Funds evolution Deposit Mix Group, € bn Greece, € bn +9% +2.7% 47.4 47.4 46.2 46.7 71.6 44.8 1% 1% 1% 69.7 1% 0.9 0.5 0.5 State 1% 65.8 26% 23% 25% 25% 20.3 Time 25% 19.3 AUMS 17.6 74% 73% 74% 76% 50.4 51.3 Core 75% Deposits 48.2 Jun 2024 Mar 2025 Deposits Net Sales Va
Slide 41: Deposits flow per quarter
Deposits flow per quarter Alpha Bank deposits evolution in Greece Deposits breakdown – June 2025 Greece, € bn Q3: Q4: Q1: Q2: €1.4bn €1.2bn (€0.7bn) €0.7bn Time 1.0 47.4 46.7 1.4 47.4 24% 0.8 0.6 46.2 0.2 44.8 (0.1) (0.6) (0.7) Δ Core Δ Time 76% Core Jun-24 Core Time Sep-24 Core Time Dec-24 Core Tim
Slide 42: ECB Balances and Liquidity metrics
ECB Balances and Liquidity metrics ECB balances Group LCR & LDR Group, € bn % % over 17% 17% 12% 7% 7% 5% 5% 3% 4% 4% 3% 203% 192% 190% 194% 193% Total Assets 13.0 ECB Collateral pledged ▪ Credit claims LCR ▪ GGBs & T-bills LDR ▪ Other bonds 9.0 78% 80% 80% 76% 76% 12.2 5.0 5.0 5.0 11.7 4.0 4.0 11.2
Slide 43: Wealth management
Wealth management Asset Management balances Private Banking Group, € bn Group, € bn 8.7 20.3 8.5 19.3 8.3 8.3 8.1 18.2 18.5 7.9 0.4 Money Market 17.6 1.8 2.0 2.2 1.8 3rd-party 1.7 1.9 8.3 7.6 6.8 7.3 Alpha Asset 6.5 5.8 Management 2.2 2.3 2.1 2.4 2.4 3.0 2.9 1% 3.4 Mkt 3.2 3.2 Share 14% MM Equity 2.
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Pages Business Update Business Update 3 Financial Performance Financial Performance 10 Macroeconomic Update Alpha Bank PL Macroeconomic Update 19 P&L 21 Balance Sheet Balance Sheet 32 Asset Quality 44 Capital Capital 50 Segmental Information Segmental Information 56 Digital Digital 62 ESG ESG 64 44
Slide 45: NPE flows and Cost of Risk trends
NPE flows and Cost of Risk trends NPE (0.1) 0.0 (0.0) 0.0 0.1 Cost of Risk formation bps (over net loans) Greece, € bn 65 56 57 12 52 0.19 0.20 0.20 Inflows 0.18 13 13 0.14 11 9 39 13 12 13 11 (0.09) Cures & (0.10) (0.12) repayments 12 42 (0.16) (0.18) CPs 31 32 (0.02) 30 (0.02) (0.08) & write offs
Slide 46: Gross organic NPE formation in Greece per segment
Gross organic NPE formation in Greece per segment Gross formation (Organic) - Wholesale Gross formation (Organic) - Retail Greece, € mn Greece, € mn 334 80 170 70 8 32 102 84 18 (10) (4) (29) (11) (5) (38) (50) (155) (186) (192) (254) (284) (353) (461) (994) 2018 2019 2020 2021 2022 2023 2024 Q2 Q3
Slide 47: Auctions and repossession activity evolution
Auctions and repossession activity evolution Auctioned properties (Conducted) 2Q2025 ▪ The auction process has shown a slight downward trend. During 2Q2025, the volume of conducted auctions remained elevated, 1.729 which is particularly notable given the historically lower levels of 1.344 auction ac
Slide 48: Detailed overview of asset quality by portfolio - Greece
Detailed overview of asset quality by portfolio - Greece (€ bn) Wholesale SBL Mortgages Consumer Total Gross loans 29.9 1.8 6.1 2.1 39.8 (-) Accumulated Provisions (0.2) (0.2) (0.3) (0.1) (0.8) Net loans 29.7 1.6 5.8 1.9 39.1 NPLs 0.1 0.2 0.4 0.1 0.9 NPL ratio 0.3% 10.8% 6.8% 7.0% 2.1% NPEs 0.2 0.3
Slide 49: Detailed overview of asset quality by portfolio - Group
Detailed overview of asset quality by portfolio - Group (€ bn) Wholesale SBL Mortgages Consumer Total Gross loans 31.0 1.8 6.7 2.2 41.7 (-) Accumulated Provisions (0.2) (0.2) (0.3) (0.1) (0.8) Net loans 30.7 1.6 6.4 2.0 40.8 NPLs 0.1 0.2 0.5 0.1 0.9 NPL ratio 0.4% 10.8% 7.0% 6.9% 2.3% NPEs 0.3 0.3 0
Slide 50: Pages
Pages Business Update Business Update 3 Financial Performance Financial Performance 10 Alpha Bank Macroeconomic Update Macroeconomic Update 19 PL P&L 21 Balance Sheet Balance Sheet 32 Asset Quality Asset Quality 44 Capital 50 Segmental Information Segmental Information 56 Digital Digital 62 ESG ESG
Slide 51: Quarterly evolution in Capital
Quarterly evolution in Capital FL CET1 q/q % 0.8% 0.1% 0.2% (0.1%) (0.3%) (0.4%) 16.2% 16.3% 15.7% 16.2% 0.4% Organic Capital Generation Mar-25 Q2 25 Organic DTA DTC RWAs other capital Transactions Jun-25 Jun-25 post Jun-25 1 capital elements dividend accrual pro forma RWAs q/q % €0.18bn 31.1 0.1 0.
Slide 52: Actuals and regulatory requirements
Actuals and regulatory requirements 28.6% 27.3% 21.9% 18.5% 16.2% 14.7% 0.8% 28.6% 11.9% 27.3% 2.0% 9.9% 0.6% CCyB 1.5% 21.9% 0.2% 18.5% P2R 1.7% 1.0% 16.2% O-S II 2.5% CCB Pillar 1 4.5% 1 1 1 1 Q2 2025 CET1 Q2 2025 CET1 Q2 2025 T1 Q2 2025 T1 Q2 2025 OCR Q2 2025 CAD 30.06.2025 MREL Q2 2025 MREL Requ
Slide 53: Regulatory Capital composition
Regulatory Capital composition Equity to regulatory capital bridge € mn 10.3% Tangible book value / Tangible Assets 7,906 7,510 (396) 1,017 6,638 700 5,621 (1,943) 4,921 (646) Ordinary Equity Intangibles Tangible DTA deduction Other CET1 AT1 & Hybrids Tier 1 Lower Tier II Total CAD Book Value 53
Slide 54: Group RWAs and Regulatory Capital
Group RWAs and Regulatory Capital Group Risk Weighted Assets evolution Credit Risk Weights per portfolio € bn % €0.18bn 100% 31.1 0.1 0.1 31.3 43% 44% 3.6 0.0 3.6 0.4 0.5 Performing Net NPE Total Loan Portfolio RWA Density 27.1 27.2 DTA & Tax Credit with CET1 Capital € bn CET1 5.0 5.0 3.0 3.0 Mar 20
Slide 55: Further progress towards meeting MREL Requirements
Further progress towards meeting MREL Requirements +2.21% ▪ No subordinated MREL requirement surplus 29.49% ▪ Expect Alpha Bank to continue to be a regular issuer in the debt capital markets 27.28% 0.52% 3.71% 6.63% ▪ MREL ratio as of 30.06.2025 stands at 28.6%, well above the final MREL binding tar
Slide 56: Pages
Pages Business Update Business Update 3 Financial Performance Financial Performance 10 Macroeconomic Update Alpha Bank PL Macroeconomic Update 19 P&L 21 Balance Sheet Balance Sheet 32 Asset Quality Asset Quality 44 Capital Capital 50 Segmental Information 56 Digital Digital 62 ESG ESG 64 56
Slide 57: Retail
Retail Key figures REVENUES / VOLUMES PROFITABILITY (in €mm) H1 25 H1 24 ∆difference, % (€44mn) €0.9bn Net loans 8,906 9,198 (3%) Revenues y/y Deposits y/y Deposits 34,585 33,642 3% (€36mn) +0.5mn (0.3bn) Total revenues 360 404 (11%) Profits3 y/y Net Loans y/y Recurring Operating (193) (200) (3%) ex
Slide 58: Wholesale
Wholesale Key figures REVENUES / VOLUMES PROFITABILITY (in €mm) H1 25 H1 24 ∆difference, % +€26mn €1.3bn Net loans 28,844 24,280 19% Revenues y/y Deposits y/y Deposits 10,235 8,900 15% +€20mn €4.6bn Total revenues 470 444 6% Profits3 y/y Net Loans y/y Recurring Operating (89) (85) 5% expenses Normal
Slide 59: Wealth
Wealth Key figures REVENUES / VOLUMES PROFITABILITY (in €mm) H1 25 H1 24 ∆difference, % +€21mn €1.7bn Assets under 20,267 17,591 15% Revenues y/y Mutual Funds y/y Management Total revenues 85 64 32% +€10mn €0.9bn Recurring Operating (33) (26) 27% Profits3 y/y Other AUMs y/y expenses Normalised Profi
Slide 60: International
International Key figures REVENUES / VOLUMES PROFITABILITY (in €mm) H1 25 H1 24 ∆difference, % +€0mn €0.5bn Net loans 1,714 1,296 32% Revenues y/y Deposits y/y Deposits 3,856 3,396 14% (€22mn) €0.4bn Total revenues 78 78 0% Profits y/y Net Loans y/y Recurring Operating (43) (37) 15% expenses Normali
Slide 61: NPAs and Corporate Center
NPAs and Corporate Center Non Performing Assets (NPAs) Corporate Center (in €mm) H1 25 H1 24 ∆difference, % (in €mm) H1 25 H1 24 ∆difference, % Net loans 1,006 1,289 (22%) Assets 20,124 19,254 5% Assets 2,107 3,271 (36%) TBV 1,312 1,568 (16%) Total revenues 18 25 (30%) Total revenues 99 81 22% Recur
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Pages Business Update Business Update 3 Financial Performance Financial Performance 10 Alpha Bank Macroeconomic Update Macroeconomic Update 19 PL P&L 21 Balance Sheet Balance Sheet 32 Asset Quality Asset Quality 44 Capital Capital 50 Segmental Information Segmental Information 56 Digital 62 ESG ESG
Slide 63: Continuous improvement in key digital metrics
Continuous improvement in key digital metrics H1 ’25 Key Achievements Investor Day KPIs +31% Increase in Mobile Transactions YoY 2023 2024 H1/2025 2025 Target +27% Digital Sales Items in 6m YoY (30% of total sales) Digital Sales 23% 27% 30% 30% 3 out of 4 Consumer Loans digitally Daily Banking 39% o
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Pages Business Update Business Update 3 Financial Performance Financial Performance 10 Macroeconomic Update Alpha Bank PL Macroeconomic Update 19 P&L 21 Balance Sheet Balance Sheet 32 Asset Quality Asset Quality 44 Capital Capital 50 Segmental Information Segmental Information 56 Digital Digital 62
Slide 65: Accelerating our journey to Net Zero
Accelerating our journey to Net Zero 2019 - 2022 2023 2024 2025- Scale up Set the foundations Fully embed Set sustainable finance for our sustainability sustainability into science-based to achieve full Strategy our Business Plan net-zero targets potential 2019 UNEP FI signatory and adoption 2023 Fi
Slide 66: Our strategy for a resilient, net-zero economy by 2050
Our strategy for a resilient, net-zero economy by 2050 Setting Science-Based Targets for selected material-impact sectors, including Transition Pathways to support corporate clients to meet the Bank’s climate targets Sustainable Finance Framework & Green Bond Framework lay the groundwork for sustain
Slide 67: Financed emissions targets set on 4 sectors in Nov 2024 (1/2)
Financed emissions targets set on 4 sectors in Nov 2024 (1/2) Alpha Bank commitment 2030 targets Impact Next Steps Alpha Bank has set out an The Bank has set 2030 The targets for these The Bank is developing a transition plan ambition to support the transition financed emissions targets sectors deca
Slide 68: Financed emissions targets set on sectors in Nov 2024 (2/2)
Financed emissions targets set on 4 sectors in Nov 2024 (2/2) Sector Baseline 2030 target xx% Percent reduction from 2022 to 2030 IEA NZE1 186 Power scope 1, kgCO2e / MWh 223 -41% 132 IEA NZE1 77 Oil & Gas scope 1+2, indexed to 2022 = 100 -26% 100 74 IEA NZE1 Cement 465 scope 1+2, kgCO2e / t Cement
Slide 69: Our Sustainable Finance Framework as an enabler in our Sustainability Strategy
Our Sustainable Finance Framework as an enabler in our Sustainability Strategy Resource efficiency Energy Efficiency Green Buildings Renewable Energy Sustainable Transport and pollution control Green Loan • Transmission and Distribution • Construction/ Purchase of new • Generation of electricity fro
Slide 70: Best-practice Climate & Environmental Risk Management embedded in credit decisions
Best-practice Climate & Environmental Risk Management embedded in credit decisions and loan pricing ESG Assessment of all Clients Transaction Assessment • Assessment via interbank ESG questionnaire since 2023 • Assesses Environmental and Social impact of specific economic activity to be financed • S
Slide 71: Our Green Bond Framework outlines the commitment to green financing
Our Green Bond Framework outlines the commitment to supporting sustainable development through green financing • A clear and transparent roadmap for how the Bank intends to channel capital USE OF PROCEEDS into projects that advance environmental goals. • Eligible Green Loan Categories: Green Loans,
Slide 72: Sustainability highlights: Delivering tangible results
Sustainability highlights: Delivering tangible results1 Support an Foster healthy Ensure robust environmentally economies & transparent sustainable Economy & Societal progress Governance € 2.9 billion 86% 33% Women for Sustainable Disbursements since 2024 of the Group’s branches are accessible at Bo
Slide 73: Recognition of our commitment to Sustainability
Recognition of our commitment to Sustainability Rating Performance Decile Rank 52.05 3 Memberships C Trend Transparency Prime Status Very High Prime NEGL LOW HIGH MED SEVERE 0-10 10-20 20-30 30-40 40+ 2023 2025 2023 2024 2023 2025 2023 2024 2023 2024 2023 2024 JUNE JUNE A A E: 2 E: 1 C C S: 3 S: 1 G
Slide 74: Glossary (1/4)
Glossary (1/4) Reference Terms Definitions Relevance of the metric Abbreviation number Accumulated Provisions and Sum of Provision for impairment losses for loans and advances to customers, the Provision for impairment losses for the total amount of off balance Standard banking 1 LLR FV adjustments
Slide 75: Glossary (2/4)
Glossary (2/4) Reference Terms Definitions Relevance of the metric Abbreviation number Sum of Impairment losses of fixed assets and equity investments ,Gains/(Losses) on disposal of fixed assets and equity investments and Impairments & Gains/(Losses) on Impairment losses, provisions to cover credit
Slide 76: Glossary (3/4)
Glossary (3/4) Reference Terms Definitions Relevance of the metric Abbreviation number Non Performing Loan Total Accumulated Provisions and FV adjustments (1) plus the value of the NPL collateral, plus CET 1 deductions used to cover calendar provisioning NPL Total 34 Asset quality metric Coverage sh
Slide 77: Glossary (4/4)
Glossary (4/4) Reference Terms Definitions Relevance of the metric Abbreviation number 43 Profit/ (Loss) before income tax Operating Income (37) for the period less Total Operating Expenses (56) plus Impairment losses on loans (16), plus Other items (40) Profitability metric Profit/ (Loss) after inc
Slide 78: Alpha Bank Contacts
Alpha Bank Contacts Vasileios Kosmas CFO +30 210 326 2291 vgk-cfo-office@alpha.gr Iason Kepaptsoglou Stella Traka Selini Milioni Director Manager Senior Specialist Investor Relations Division Investor Relations Division Investor Relations Division +30 210 326 2271 +30 210 326 2274 +30 210 326 2273 i