Αποτελέσματα Α’ τριμήνου 2026

Alpha Bank Q1 2026 Results

Investor presentation

20th May 2026

‌Pages

Business Update 3

Alpha Bank

Financial Performance 12

Macroeconomic Update 20

P&L 22

Balance Sheet 34

Asset Quality 46

Capital 52

Segmental Information 58

Recent M&A 64

Digital 71

ESG 73

3

Q1 2026 results

Q1 2026 Group Results

Set strong profitability foundation

Reported Profit After Tax Normalised Profit After Tax

Net Interest Income

€182mn (17%)

€221mn (6%)

€416mn +5% y/y

Return on Tangible Equity1

12.6% or 8.6% reported

Earnings Per Share2

Resilient Top line & Growth in Fees

Fee services income

€140mn +29% y/y

€0.08

or €0.06 reported

Low NPE ratio &

Cost of Risk de-escalation

Increase in customer balances

Excess capital growth allows for distribution

NPE ratio

Cost of Risk

Performing loans

Customer funds

Organic capital generation Growth in Tangible Book Value4

3.7%

44bp

+11% y/y

+18% y/y

+25bp

+10% y/y

Fully Loaded CET1 Ratio

14.7%

3

ccrual

0.0Payout a

55% or €100mn

of Q1 26 reported profit

4

1| Based on normalized profit after tax over average TBV; Calculated after deduction of AT1 coupon payments; Adjusted excluding capital above management target and dividends accrued but not paid; 2| Earnings per share Diluted; based on 4

normalized profit after tax post AT1 coupon; 3| Subject to regulatory approval; out of which 111mn interim dividend was paid in December 2025; 4| Adjusted for dividend and buyback

Greece entered 2026 with improved credibility and strengthened macroeconomic performance

De-escalation of Public Debt Greek Economy Dashboard

200

180

160

140

(% GDP)

120

100

80

60

40

20

0

177.8

164.3

Greece

154.2

Euro area

146.1

90.6

88.1

88.1

88.8

2022 2023 2024 2025

Real GDP growth

2.1%

2025

…outperforming the

EA average (1.4%) for the fifth consecutive year

HICP inflation

Investment growth

8.9%

2025

…accounting for the largest contribution to GDP growth for the first time in the post-pandemic period

Unemployment

Exports growth

1.7%

2025

…remaining on an upward trajectory since 2021 and reaching 40% of GDP compared to 22% in 2010

Travel Receipts

Sizable primary surpluses, compared to deficits in the euro area

6

Greece Euro area

2.0

-0.1

-1.7

-1.2

-1.2

-1.8

5

4

3

(% GDP)

2

1

0

-1

-2

-3

4.8 4.9

…mainly driven by services but picking up in Mar-26 (3.4%) and Apr-26 (4.6%) due to Middle East war and rising energy prices

Residential Real Estate

+7.8%

2025

…surpassing the pre-crisis peak

…breaching the 10% threshold

after 15 years

Sovereign Credit Rating

BBB

Fitch, Nov-25

…standing one notch above the

investment-grade threshold

…increasing by 9.4% to a new

record high

Economic Sentiment

105.7

Apr-2026

…receding in Mar-26 and Apr-26 but still exceeding the EA and EU averages since Jul-22

2022 2023 2024 2025

Sources: ELSTAT, Eurostat, Bank of Greece, European Commission, Fitch Ratings. 5

Macroeconomic implications of the war in the Middle East

Uncertainty over the duration, nature, scale and spillover effects Directionally, the conflict could affect the Greek economy through several interconnected economic and sectoral channels:

Recent revisions of 2026 macroeconomic projections*

2.2%

2.3%

1.9%

3.3%

Energy supply shock

• Supply chain disruptions

• Pass-through into CPI

• Widening of the trade deficit

  Tourism shock

• Regional risk affecting Eastern Mediterranean travel

• Hit in cruises activity

• Pressures on travel receipts in peak quarters

• Potential substitution effect (Arab Spring experience)

  Shipping & Logistics

• Longer routes, higher freight and insurance costs impact maritime activity, exports and supply-chain predictability

• Capacity shortages leading to higher freight rates

  Uncertainty shock

• Prolonged uncertainty can delay investment decisions

• Re-pricing of risks

GDP growth Inflation

Pre-war Post-war

• Risks to the outlook are tilted to the downside for GDP, reflecting weaker demand, lower inbound tourist flows, and higher-for-longer interest rates, while risks to inflation are tilted to the upside, driven by higher energy prices and potential second-round effects in other categories, such as food.

*Sources: Average of forecasts by Ministry of Economy and Finance (November 2025 vs. April 2026), International Monetary Fund WEO (October 2025 vs. April 2026) and Bank of Greece (December 6

2025 vs. March 2026).

Value-accretive M&A accelerating our strategy:

>9% EPS accretion at <100bps of Capital

Retail

Announced

Closing

Full integration date

EPS

ROTE

Capital impact

Fintech factoring platform enhancing our solutions

for SMEs in Greece and Cyprus

28/01/25

05/08/25

Q1 26

Accretive in 2025

n/a

Minimal

Consolidating 3rd largest bank position in Cyprus with complementary franchise, doubling profitability and improving performance in the country

27/02/25

31/10/25

Q3 26

+5% in

2027

+ c.60bp

c. 40bp

Enhancing fee-generating capabilities by creating the leading IB platform in Greece and Cyprus expanding our corporate offering

31/03/25

16/12/25

Q2 26

+ 1.4% in

2027

+ c. 15bp

< 20bp

Strategic combination of insurance activities in Cyprus, between Universal Life Insurance and Altius

19/12/25

H2 26

2027

+2% in

2027

+ >30bp

c. 23bps

Acquisition of 69.61% of Alpha Trust, a leading

independent asset manager in Greece

07/04/26

Q2 26

Q2 27

+1%

+ >10bps

c. 17bps

Alpha Trust reinforces our leading position in Wealth Management

Acquisition of 69.61% in Alpha Trust Holdings and VTO1 for remainder.

Alpha Trust is a leading independent asset manager with >€2.2bn of AuMs

(+19% CAGR 2022-2025) retail, private and institutional clients.

Expands client base, including a meaningful number of HNWI2, supporting further growth in AuMs

Enhances product offering, with a wider suite of mutual funds and alternative investment solutions

Supports the development of the offshore wealth proposition

Addition of a seasoned management team and a strong pool of private banking and asset management professionals.

Completion of the transaction is expected by end of Q2 2026, subject to regulatory approvals

M&A criteria fully met

c. 1%

EPS accretion

>15%

Return on Capital employed

>10bps

ROTE uplift

c. 17bps

CET1 impact

In 2026 we are going to increase EPS by 11%

EPS1

€

0.36

+11%

0.40

• 11% growth in EPS benefiting from increased contribution of fee-generating business on the back of investment in the preceding years

• Ongoing initiatives and synergies arising from completed M&A to further boost EPS ambition going forward

• Positive impact from proposed buybacks a further tailwind to EPS growth (€259m proposed) not captured in the 11% growth

Investor Day H2 2026

FY 25 FY 26

9

1| Earnings per share; based on normalized profit after tax after deduction of AT1 coupon payments; 2026 based on 2,275 number of outstanding ordinary shares for diluted earnings per share 9

as of 27/02/2025

Structural advantages accelerating earnings growth

Alpha Bank's structural advantages Outlook

Comprehensive coverage

of corporate clients…

• Significant investment in corporate solutions bearing fruit

• Accelerating growth in transaction banking and IB

• Further upside from franchise positioning

  …supporting individuals across the financial services spectrum…

  …all further supported by UniCredit partnership…

  …and a performance led

  culture

• Integrated wealth engine serving all segments

• Retail advisory mandates increasing AuM penetration

• Significant enhancement in recurring fee income

• Positioning franchise as bank of choice for cross-border activity

• Broader product palette to improve cross-selling

• Unify commercial framework to mutually benefit both groups

• Efficiency gains fund investments to grow, preserving discipline

• Technology investments directly supporting revenue growth

• Employee proposition promoting mobility and performance

  Accelerating earnings growth and capital generation

  10

  10

  
  
  Significant potential to create and return value to shareholders
  
  

  1

  Organic growth

  Organic RWA expansion in wholesale and retail segments in Greece and Cyprus

  Capital allocation framework

  2

  Ordinary payout

  Increasing ordinary payout over 2025-2027

  A Share buybacks & extraordinary dividends

  3 B Bolt-on acquisitions

  Excess capital

  Strict criteria for any M&A

  • Accelerating delivery on our strategy

  • No change to distribution policy

  • Return on investment of >15%

  • RoCET accretive

    
    
    

  • EPS accretive in 2-3 years

‌Pages

Financial Performance 12

Business Update 3

Alpha Bank

Macroeconomic Update 20

P&L 22

Balance Sheet 34

Asset Quality 46

Capital 52

Segmental Information 58

Recent M&A 64

Digital 71

ESG 73

Group Profit & Loss Summary Q1 26 Group Profit and Loss

+1%

Group, € mn 550 558 520 583 587

Operating Income

Q1 y/y

+7%

Operating income

• Net interest income +2.2% q/q excluding M&A impact and less calendar days

• Fee services income +4.4% q/q excluding M&A impact

  Operating Expenses

  Impairment losses

  +1%

  (200) (212) (211) (227) (229)

  (22%)

  (52) (40) (45) (61) (48)

  (23%)

  304

  +15%

  (7%)

  Operating expenses

  • Costs -3.1% q/q excluded M&A impact (+7.8% y/y)

  • 39% const-income ratio in line with guidance

    Impairment losses

  • Cost of Risk at 44bp in Q1

  • Asset quality environment remains benign

    Profit After Tax

    218

    184 237 182

    (17%)

    Reported Profit After Tax

  • Bottom line -23% q/q impacted by one-offs1

    Q1 25 Q2 25 Q3 25 Q4 25 Q1 26

    • Normalised profit of €221mn in the quarter

      
      
      Q1 26 Group Balance Sheet

      +2%

      Performing loans1

      
      
      

      Group, € bn

      34.5 34.9 35.7 37.5 38.2

      Q1 y/y

      +11%

      Performing loans

• €0.5bn net credit expansion in Q4

• Growth continues to be driven by corporates

  Customer Funds

  
  
  

  69.7

  Tangible Book Value

  
  
  

  7.2

  +6%

  82.0

  71.6 74.2 77.5

  +2%2

  7.5 7.6 7.6 7.7

  +18%

  +10%2

  Customer funds

  • Deposit up €0.3bn in the quarter against seasonal trend

  • AuM net sales at €0.2bn,

    Tangible Book Value

  • Growth before payouts at 2% q/q and 10% y/y

CET1 ratio

16.2% 15.7% 15.7%

(36bp) 15.0% 14.7%

(149bp)

CET1 ratio

• 25bp of organic capital generation in the quarter, affected by RWA growth

  Mar 2025

  Jun 2025

  Sep 2025

  Dec 2025

  Mar 2026

  • €100mn of dividend accrual

Net interest income and Fees

Interest Income / Interest Expense breakdown

Group, € mn

395 399 402 413 416

Fee services income

Group, € mn

108

135

122

136 140

Loans PE 37

3

Bonds Loans NPE

Funding & Other

19

18

110

15

112

16

16

29

11

1

Q1 25

Q2 25

14

Q3 25

32

14

Q4 25

32

4 18

Q1 26

Deposits

Q1 25

Q2 25

(63)

Q3 25

(64)

Q4 25

Q1 26 1

Business credit related

Asset management Bancassurance

Cards & Payments

Real estate income Investment Banking & Other

Performing loans and Customer Funds

Performing loan book expansion

Group, € bn

Customer Funds evolution

Group, € bn

+11%

+2%

+5%

38.2

37.5

+2%

+1%

35.7

34.5

34.9

25.5

25.9

26.6

27.7

28.3

7.4

7.3

7.2

7.3

7.2

YoY

+18% +6%

22.4

77.5

82.0

66%1

(2%)

AuMs

69.7

0.3

0.2

26.6

Including

€5.8bn single ticket transfer

50.4

19.3

+11%

55.1

55.4

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Deposits

International Greece Individuals Greece Businesses

Mar 2025

Dec 2025 Deposits

Net Sales Valuation

& Other

Mar 2026

Asset quality

NPE ratio

Group %

3.7% 3.5% 3.6% 3.6% 3.7%

NPE ratio at 3.7% stable

year on year

52

58

10

44 44

8

Cost of Risk

Group, bps

NPE coverage

Group %

50%

39

11

12

57%

8

10

55%

8

58%

7

55%

Servicing fees Securitization expenses Underlying

Cost of Risk at 44bp in

line with coverage reflecting benign environment

Coverage at 55%

Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026

18

18

13

9

Q1 26 evolution in Capital

15.0%

Phased in

CET1

0.2%

0.8%

(0.1%)

(0.5%)

(0.1%)

(0.1%)

0.3% Organic Capital Generation

(0.1%)

15.0%

15.1%

14.7%

FL

%

Dec-25

Q1 26 Organic capital

DTA

DTC

RWAs

AT1

other capital elements

Transactions

Mar-26

Mar-26 post dividend accrual

RWAs

34.3

33.2

€bn

‌Pages

Alpha Bank

Business Update 3

Macroeconomic Update 20

Financial Performance 12

P&L 22

Balance Sheet 34

Asset Quality 46

Capital 52

Segmental Information 58

Recent M&A 64

Digital 71

ESG 73

Solid growth dynamics amid heightened geopolitical uncertainty

Robust real GDP growth, mainly driven by investment in 2025… …and resilient Economic Sentiment Indicator, both outpacing EA

(Contributions to GDP growth)

12%

8%

4%

0%

-4%

-8%

-12%

*Including statistical discrepancies

2019 2020 2021 2022 2023 2024

2025

120

115

110

105

100

95

90

Feb-22 Apr-22 Jun-22 Aug-22 Oct-22 Dec-22 Feb-23 Apr-23 Jun-23 Aug-23 Oct-23 Dec-23 Feb-24 Apr-24 Jun-24 Aug-24 Oct-24 Dec-24 Feb-25 Apr-25 Jun-25 Aug-25 Oct-25 Dec-25 Feb-26

Apr-26

85

Investment Private Consumption Public Consumption

Inventories* Net Exports GDP growth, Greece GDP growth, Euro area

Greece Euro area

HICP inflation edged up in Mar-Apr 2026 due to energy prices Residential RE prices continue to grow at a moderating pace

5

(Contributions to inflation)

120

4

100

3

80

2

60

1

40

0

20

Jan-25

Feb-25

Mar-25

Apr-25

May-25

Jun-25

Jul-25

Aug-25

Sep-25

Oct-25

Nov-25

Dec-25

Jan-26

Feb-26

Mar-26

Apr-26

-1 0

15%

10%

5%

0%

-5%

-10%

2024

2025(p)

-15%

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

Core inflation** Food Energy Headline HICP (annual % change) Index (2007=100), lhs % change

‌Pages

Alpha Bank

Business Update 3

Financial Performance 12

P&L 22

Macroeconomic Update 20

Balance Sheet 34

Asset Quality 46

Capital 52

Segmental Information 58

Recent M&A 64

Digital 71

ESG 73

Group Profit & Loss Summary

Reported Profit After Tax

(17%)

€304mn

(23%)

€218mn

€237mn

€184mn €182mn

Q1 25 Q2 25 Q3 25 Q4 25 Q1 26

(6%)

(2%)

€234mn

€231mn

€216mn

€225mn

€221mn

Normalised Profit After Tax2

discontinued operations & other adjustments

(43) (12) … (43) 9 …

221 234 (6%) 221 225 (2%)

Normalised Profit After Tax 2

Q1 25 Q2 25 Q3 25 Q4 25 Q1 26

1| Q1 2026 includes 10mn impact from NPA transactions. 2| Normalised Profit After Tax of €221mn in Q1 2026, is Reported Profit /(Loss) After Tax of 182mn excluding (a) NPA transactions impact of€10mn, (b) €50mn on other 23

adjustments and tax charge related to the above.

Profit & Loss - Detailed Main P&L items Net Interest Income driver headlines

Performing loan spreads3

Greece, %

Individuals Business

Deposit costs

Deposit beta1 Greece, %

22%

21%

20%

24% 24%

2.99%

2.98%

2.98%

3.01%

2.97%

Q1 25 Q2 25 Q3 25 Q4 25 Q1 26

2.56%

2.47%

2.39%

2.32%

2.27%

Term Deposit pass-through2 EUR, %

64% 65% 65% 64% 63%

Q1 25 Q2 25 Q3 25 Q4 25 Q1 26

Q1 25 Q2 25 Q3 25 Q4 25 Q1 26

1| Deposit beta refers to total cost of deposits in Greece versus 3M Euribor. 2| Time deposit pass through refers to the deposit rate offered to a client over the relevant reference rate at the time of offer. 3| Spreads contain MFR 26

methodology modification impact calculation now uses long term curves to take into account the estimated average life of the products

Loan and deposit spreads

Net loan balances & spreads

€ bn

263 256 250 245 241

Deposit mix & cost evolution

bps, € bn

% Total

201 190 170 174 180

14.3

36.1

38.5

37.6

40.1

40.2

50.4 51.3 52.9 55.1 55.4

28%

End of quarter balance

Group Loans Spread

Net Loans

72%

Q1 25 Q2 25 Q3 25 Q4 25 Q1 26

Group Deposits Spread

Time Deposits Core Deposits

Lending spreads (Greece and International) Deposit spreads (Greece and International)

bps

741 747 746 737 740

285

Consumer Credit SBL

International Loans

Large Corporates Mortgages

bps

210

218

243

203

176

230

165 152 157 157

International Deposits Sight & Savings

Time Deposits

268

268

253

169

252

246

165

264

244

238

268

265

160

246

230

163

252

225

158

97 83

74 73 74

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q4 24 Q1 25 Q2 25 Q4 25 Q1 26

Sensitivity to interest rates

Balance Sheet structure as of Q1 2026

40.1 32.3

Securities Due from banks

Loans

Cash

4%

Time Deposits

Hedging

Debt issued Due to banks

Floating rate

Assets

Floating rate

Liabilities

7.8bn c. 20mn per 25bp

Fee services income

€ mn

Group

€ mn

Segments

135

136 140

135

136 140

108

29

122

37

3

32

32

36

2 4

108

30

37

33

122 28 32

43

36

48 52

41

42

33 42 43

36

5 7

1

14 1 2 5

14

(1)

2 0 5

10 1

8

4 1

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Business credit related Asset management Bancassurance

Cards & Payments Real estate income

Investment Banking & Other

Retail

Wholesale

Wealth

International

NPAs

Corporate Center

Costs

32

15

Operating Expenses

Recurring Operating Expenses evolution

€mn

200

233 229

212 211

Staff costs

General Administrative Expenses

Depreciation

Expenses

33 33 30 35 35 & amortization

Q1 25 Q2 25 Q3 25 Q4 25 Q1 26

-523

VSS Gr2

-836

Cepal

-818

-410

VSS Gr

-550

AXIA

+50

629

581

520

Astrro

+15

465

431

279 277 279 276 276 288 288

Astrro

11,314 10,530 10,528

8,529 8,460

+317

6,138 6,011 6,154 6,106 6,213 6,699 6,750

Dec

2018

Dec

2019

Dec

2020

Dec

2021

Dec

2022

Dec

2023

Dec

2024

Mar

2025

Jun

2025

Sep

2025

Dec

2025

Mar

2026

Dec

2018

Dec

2019

Dec

2020

Dec

2021

Dec

2022

Dec

2023

Dec

2024

Mar

2025

Jun

2025

Sep

2025

Dec

2025

Mar

2026

Reported to Normalised

Profit & Loss (€ mn) Bridge between reported and normalised profit

Reported to Normalised

‌Pages

Alpha Bank

Business Update 3

Financial Performance 12

Macroeconomic Update 20

Balance Sheet 34

P&L 22

Asset Quality 46

Capital 52

Segmental Information 58

Recent M&A 64

Digital 71

ESG 73

Q1 2026 Group Balance Sheet Summary

Tangible Book Value

Group, € bn

+6%

+1%

7.6

7.7

7.5

7.6

7.2

Q1 25 Q2 25 Q3 25 Q4 25 Q1 26

CET1 (Fully loaded)

Group, € bn

+0.1%

+1%

5.0

5.0

5.0

5.0

4.9

Q1 25 Q2 25 Q3 25 Q4 25 Q1 26

Balance sheet composition

Asset split

Liabilities and Equity split

€ bn

Cash

77.5

3.5

Cash

79.3

4.3

€ bn

77.5

2.3

ECB

79.3

2.8

ECB

Due from Banks

Securities

2.8

Due from Banks

Securities

2.5

4.2

Due to Banks

Time Deposits

4.7

Due to Banks

Time Deposits

55.1

55.4

Net loans

Net loans

Core Deposits

Core Deposits

PPE

DTA

Other (incl. HFS)

0.6

4.8

Dec-25

PPE

DTA

Other (incl. HFS)

0.7

4.8

Mar-26

3.8

8.8

Dec-25

Debt securities Equity

Other

8.9

Mar-26

Debt securities Equity

Other

Business Volumes Net Credit Expansion trends

Net credit expansion

Greece, € bn

Individuals Businesses

0.2

0.3

1.2

0.1

0.5

0.2

3.9

0.6

0.1

2.4

0.9

0.2

0.7

0.2

3.9

0.2

1.7

0.2

2.9

2.6

2.8

3.0

(1.7)

(0.2)

(1.9)

(0.1)

(1.7)

(0.2)

(1.9)

(0.2)

(1.7)

(0.2)

(1.7)

(0.2)

(2.1)

(2.8)

(2.5)

(0.2)

(0.2)

Q1 22

Q2 22

Q3 22

Q4 22

Q1 23

Q2 23

Q3 23

Q4 23

Q1 24

Q2 24

o/w 0.31

syndication

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

(0.2)

Q4 25

Q1 26

Business net credit expansion 4 quarter rolling average

Disbursements

2.0

1.3

4.1

4.1

1

2.8

2.9

1

3.2

3.2

3.1

2.2

2.6

2.6

1.2

1.4

1.6

1

0.7

1.1

0.2

Repayments

1 4.6

Net credit expansion breakdown

Performing loans

Greece, € bn

New disbursements - per category

Greece, € mn

Loan portfolio breakdown

Total Group loans - per segment

Group Loans portfolio structure1 Information

€ bn

Credit Cards

2%

Consumer loans 3%

Small Business Loans

4%

Mortgages 16%

€ bn

Financial and insurance activities

19%

Transportation

Households communication

and

21% 1%

Administrative

and support

service activities

Wholesale loans

75%

€44.8bn

12%

Manufacturing

10%

Trade

8%

€44.8bn

1%

Professional, scientific

and technical activities

1%

Shipping loans portfolio structure

€ bn

VLCC (Tankers)

Energy

8%

Tourism

Construction

3%

Other

Tankers 40%

Suezmax (Tankers) 5%

14%

Aframax (Tankers)

10%

Containers

10%

LNG 12%

7% 3%

Real Estate

6%

Panamax (Tankers)

3%

Product (Tankers)

8%

Capesize (Bulk Carriers)

€4.3bn

Passenger Vessels 1%

Cruise Vessels

1%

Handysize/Handymax (Bulk Carriers)

7%

Panamax (Bulk Carriers) 7%

22%

Dry Bulk 36%

Securities portfolio

Securities portfolio

Group, Book value, Dec-25, € bn

T-bills Mutual Funds & Equities

o/w 15.8bn

HQLAs

18.2bn

Other/ECB eligible

9.4

0.5 0.4

GGBs

7.9

• The "Other/ECB eligible" bonds of €9.4bn is broken down to the following

  categories:

  • €5.6bn other sovereign bonds

  • €1.1bn bonds issued by supranationals

  • €1.4bn bonds investment grade bonds by other issuers

  • €1.3bn bonds issued by Greek corporates

Portfolios evolution

22%

€18.2bn

Mod.

Duration c.2.4Y

Group, Book value

% of total assets

14%

14%

17%

21%

21%

22%

22%

23%

23%

23%

23%

22%

€16.5bn €16.7bn €16.9bn €17.3bn

€17.2bn

€17.2bn €17.7bn

%

%

%

%

%

%

€15.6bn €15.7bn

1% 6 1%

6 1%

7 2%

7 2%

7 2%

7 2%

6 2%

FVTPL

FVOCI

Amortized Cost

€10.1bn

2% 65%

33%

€10.6bn

2%

62%

35%

€13.4bn

%

14 2%

84%

9 1%

%

90%

8 1%

%

91%

8

91%

92%

93%

92%

91%

91%

92%

%

%

92%

Dec-20

Dec-21

Dec-22

Dec-23

Mar-24

Jun-24

Sep-24

Dec-24

Mar-25

Jun-25

Sep-25

Dec-25 Mar-26