Banco Comercial Português S A : Earnings presentation (EarningsPres 03M26 06052026)

About this update from Banco Comercial Portugues S.a.

Miilennium Presentation Earnings Banco Comercial Portugues, S.A. AGENDA 3 01 4 Highlights Supporting the Economy and Generating Value Profitability Group's net income of 305.8 million in Q1'26, corresponding to an increase of 25.6% compared with the same period last year (243.5 million). This performance resulted in a ROE of 15.9% (13.9% in Q1'25) and reflects the Bank's ability to generate value Net income in Portugal stood at 265.4 million in Q1'26 , representing an increase of 21.2% compared with the same period last year (218.9 million) Net income from international operations up by 65.0% 1 , reaching to 77.7 1 million in Q1'26, compared with 47.1 1 million in Q1'25. Highlight for Bank Millennium , which recorded a net income of 71.2 1 million, representing a 67.8% 2 increase compared to Q1'25. This evolution largely reflects the 61% 3 reduction in charges associated with the CHF mortgage loan portfolio , which stood at 50.1 million in the first three months of the year Business Model Solid capital ratios, CET1 4 of 15.1% and total capital ratio 4 of 19.3%, after deducting the maximum amount distributable to shareholders in respect of 2025 net profit, which reflects 50% in the form of dividends (509.3 million) and 40% through share buybacks (407.5 million) Liquidity indicators well above regulatory requirements. LCR 5 at 319%, NSFR 5 at 179% and LtD 5 at 68%. Eligible assets available for financing with the ECB of 30 billion Group's Loans to Customers increased by 7.2% YoY to 63.4 billion and total Customer funds grew by 7.9% YoY to 112.8 billion. In Portugal, Loans to Customers increased by 9.6% YoY and total Customer funds rose by 6.3% YoY. Bank Millennium loans to companies up by 26.5% 6 YoY Significant reduction in non-performing assets , highlighting the decrease in the Group's NPE of 238 million compared to March 2025 Cost of risk in Q1'26 stood at 35bp for the Group , compared with 38bp in the same period last year. In Portugal , the cost of risk stood at 33bp in Q1'26, in line with the figure for the same period last year Active customers increased by 5% YoY to 7.4 million, Mobile customers rose by 8% and accounted for 75% of the customer base in March 2026 BCP received authorization from the competent authorities for the proposed share buyback equivalent to 40% (407.5 million) of the annual net income of 2025. 5 1 Before non-controlling interests. | 2 FX effect excluded. 66.3% with FX effect | 3 Includes provisions for legal risks, costs relating to out-of-court settlements and legal advice. Does not include provisions for legal risk on CHF mortgages of Euro Bank (guaranteed by Société Générale). Before taxes and non-controlling interests, FX effect excluded. 62% with FX effect | 4 Estimated fully implemented ratio (March 2026) including 10% of unaudited Q1'26 net income. Excluding any distributions, the proforma CET1 ratio would be 15.7% .| 5 Liquidity Coverage Ratio (LCR); Net Stable Funding Ratio (NSFR); Loans to Deposits Ratio (LtD). | 6 FX effect excluded. 23.4% with FX effect Customer base growth Based on the quality of the Teams and distinctive digital skills Customer Recognition These awards are the exclusive responsibility of the attributing entities. 6 New Companies Website Group '000 Customers 5,090 +426 +8% 5,515 75% Mobile Active Digital '000 Customers 1,784 +8% 1,935 Mobile 67% Active Digital +5% 7,363 7,040 Mar 25 Mar 26 5,562 +385 +7% 5,947 81% Portugal 2,790 2,896 +151 2,024 +143 +7% 2,167 75% Mar 25 Mar 26 Customer counting criteria used in the Strategic Plan. Mobile with a complete and innovative value proposition, combined with a superior experience, translates into consolidated growth in interactions and sales Strong mobile growth N U M B E R O F T R A N S A C T I O N S Y / Y jan-mar 2026 vs jan-mar 2025 P E N E T R A T I O N R A T E 2026 1Q +6% Transactions 1 +5% Sales +10% 75% 88% P2P Transfers (#) % Digital Personal Loans (#) Total Mortgage fundings with Approval Letters digitally signed (#) +18% 77% 40% Credit Cards (#) % Digital Investment funds(#) Mortgage fundings with Digital Mortgage Deed Appointments (#) # Digital Interactions (mio) 2 195 99.6 99.6 11 9 89 91 Q1'26 Q1'25 D gital Q1'26 ATM 182 % Digital Transactions (#) 3 % Digital Sales (#) 4 74 9 83 83 NPS 5 Digital Customers # Mar 2026 1 5 largest Banks Q1'25 i Includes P2P transfers in Millennium app Interactions (Millennium website and app), individuals includes AB 74 9 Q1'25 Q1'26 App Site Millennium App leads ratings 4.8 4.8 7 7 4.9 Includes mobile, online and ATMs, excludes branches and contact center that counts for 0.48% of total transactions Digital sales (Millennium website and app) in number of operations Digital channels satisfaction (NPS), 5 largest banks, Source: BASEF-Marktest Net income of 305.8 million in Q1'26 (Million euros) Q1'25 Q1'26 % Δ Net interest income 721.1 738.4 +2.4% +17.3 Commissions 201.4 218.0 +8.2% +16.6 Core income 922.5 956.3 +3.7% +33.9 Operating costs -339.7 -354.9 +4.5% -15.2 Core operating profit 582.8 601.4 +3.2% +18.7 Other income 1 -13.3 26.7 +40.0 Profit before impairment and provisions 569.4 628.1 +10.3% +58.7 Impairment, other provisions and results on modification -191.2 -148.1 -22.6% +43.1 Of which: Loans impairment -55.6 -55.9 +0.4% -0.2 Of which: legal risk on CHF mortgages (Poland) 2 -98.1 -44.9 -54.2% +53.2 Profit before income tax 378.2 480.1 +26.9% +101.8 Income taxes, non-controlling interests and discontinued operations -134.8 -174.3 +29.3% -39.5 Net income 243.5 305.8 +25.6% +62.3 1 Includes dividends from equity instruments, other net operating income, net trading income and equity accounted earnings. 8 2 Does not include provisions for legal risks on CHF mortgages of Euro Bank (guaranteed by Société Générale) Delivering value ROE 15.9% EPS +29.1% 2 BVPS + DPS +18.2% 1 ROTE 16.6% ore value 9 Return on Equity (RoE) | Return on Tangible Equity (RoTE) | Book value per share (BVPS) | Dividend per share (DPS) | Earnings per share (EPS) | 1 Considering the evolution of the book value per share (AT1 adjusted) from March 2025 to March 2026 and the €0.03 dividend per share relating to 2024 earnings, paid in 2025. | 2 Evolution of the net income for the period (adjusted for AT1 coupons) divided by the average number of shares outstanding, compared with the same period last year. 02 10 Group Profitability Net interest income Group (Consolidated, million euros) 3.00% Net interest margin 2.86% 2.12% +2.4% Portugal (Million euros) Net interest margin 2.20% 325.8 357.7 +9.8% 721.1 738.4 Q1'25 Q1'26 International operations (Million euros) 4.55% 3.95% Net interest margin -3.7% 395.2 380.6 Q1'25 Q1'26 Q1'25 Q1'26 11 Fees and commissions Group (Consolidated, million euros) 180.9 170.5 30.9 37.1 201.4 +8.2% 218.0 Portugal (Million euros) +8.5% 147.8 160.4 133.9 125.0 22.7 26.4 Market-related fees and commissions Banking fees and commissions Q1'25 Q1'26 International operations (Million euros) +7.4% 53.6 57.6 8.2 45.4 47.0 10.7 Q1'25 Q1'26 Q1'25 Q1'26 12 Other operating income Group (Consolidated, million euros) 49.8 29.5 -56.3 -38.8 15.8 -13.3 26.7 Portugal (Million euros) 23.7 57.6 Equity earnings + dividends Net trading income 1 13.5 Mandatory contributions 12.4 13.3 37.4 14.4 5.7 -2.0 Q1'25 Q1'26 Other net operating income 2 International operations (Million euros) 16.2 1.1 12.4 1.4 -54.3 -44.6 Q1'25 46 Q1'26 52 -37.0 -30.9 Mandatory contributions Q1'25 Q1'26 46 52 Mandatory contributions 13 1 Net trading income includes -5.3 million in Q1'25 of costs related to out-of-court settlements with Customers related with CHF loan portfolio. | 2 Other operating income includes +8.1 million in Q1'25 and +8.5 million in Q1'26 related with the compensation for provisions for legal risk on CHF mortgages of Euro Bank (guaranteed by Société Générale) and includes charges related with negotiation costs and legal procedures of CHF loans. Operating costs Group (Consolidated, million euros) 37% Cost to income 196.4 188.1 113.0 118.4 38.6 40.2 339.7 34% +4.5% 36% 354.9 Portugal (Million euros) Cost to income 168.6 +4.5% 31% 176.2 97.4 96.9 56.2 51.9 22.7 19.9 Depreciation Other administrative costs Q1'25 Q1'26 International operations (Million euros) 42% 44% Cost to income 171.1 18.7 61.2 178.7 17.5 62.2 99.0 91.2 +4.4% Staff costs Q1'25 Q1'26 Q1'25 Q1'26 14 Cost of risk and provisions Group (Consolidated, million euros) 38bp Cost of risk Loans 55.9 55.6 33.3 47.0 44.9 98.1 187.0 CHF mortgage legal risk (Poland) 1 -21.0% 35bp 147.7 Portugal (Million euros) 5.1 33.3 35.8 Cost of risk Loan-loss reserves 38.5 Q1'25 +33.5% 33bp 777 +0.8% 33bp 51.3 15.6 Q1'26 783 -54.2% International operations 47bp (Million euros) Other Cost of risk 28.1 98.1 22.3 20.1 148.5 -35.1% -54.2% 41bp 96.4 44.9 31.4 Loan-loss reserves Q1'25 Q1'26 1.395 1.419 -1.7% Loan-loss reserves Q1'25 Q1'26 612 642 -4.6% 1 Does not include provisions for legal risks on CHF mortgages of Euro Bank (guaranteed by Société Générale): 8.1 million in Q1'25 and 8.5 million in Q1'26. 15 Continued decrease of NPEs Group (Consolidated, billion euros) -238 million Portugal NPL>90d 0.77 0.84 0.71 0.88 NPE Other 1.72 1.48 -13.9% Mar 25 Mar 26 (Billion euros) 0.841 -96 million -11.4% 0.746 NPE loans ratio Mar 25 2.1% Mar 26 1.7% NPE ratio (EBA) 1.5% 1.3% Mar 25 Mar 26 (Total impairment + collaterals*)/ NPE 118.6% 127.7% Total impairment / NPE 82.6% 94.3% Impairments allocated to NPE / NPE 52.9% 55.3% NPL>90 days ratio 1.4% 1.2% NPE ratio 2.9% 2.3% NPE ratio inc. securities and off-BS (EBA) 1.8% 1.4% NPE include loans to Customers only. International operations (Billlion euros) 0.876 -143 million -16.3% 0.734 Mar 25 Mar 26 3.8% 1.7% 4.6% 2.3% NPE loans ratio NPE ratio (EBA) 16 * Considering State guarantees or supranational, the ratio would stand at 122.4% in March 2025 and 132.5% in March 2026. 02 17 Group Business activity Customer funds Group (Consolidated, billion euros) 104.6 +7.9% +13.0% 112.8 Portugal (Billion euros) 1.3 16.9 1.6 15.3 25.7 26.0 28.6 31.0 70.9 +6.3% 75.4 Off-BS funds Other BS funds Term deposits 18.2 1.3 36.6 48.5 +6.8% 1.6 20.5 36.8 Mar 25 Mar 26 International operations (Billlion euros) Demand deposits +11.1% 22.9 19.9 10.9 10.9 3.7 33.7 37.4 2.9 53.9 Mar 25 Mar 26 Mar 25 Mar 26 Deposits, debt securities, assets under management, assets placed with Customers and insurance products (savings and investments). 18 Loan portfolio Group (Consolidated, billion euros) 22.4 24.7 7.6 7.9 29.2 30.7 59.2 NPE: -13.9% (-0.238 billion) +7.2% 63.4 Portugal 43.92 +9.6% (Billion euros) 40.08 +3.84 billion -0.10 +3.94 Mortgage +5.2% Mar 25 NPE Performing Mar 26 International operations (Billlion euros) Personal Companies +10.6% -0.14 19.08 +0.42 billion +2.2% +0.56 19.50 Mar 25 Mar 26 NPE include loans to Customers only, except if otherwise indicated. Mar 25 NPE Performing Mar 26 19 02 20 Group Capital and liquidity Solid capital ratios Common equity tier 1 (CET1) 1 (Fully implemented) 15.9% 15.1% +4.8pp +9.4pp 10.29% 4.58% 1.21% 4.5% Combined buffer reserve 2 Pillar 2 (P2R) Pillar 1 CET1 1 of 15.1% and total capital ratio 1 of 19.3%, after deducting the maximum amount distributable to shareholders in respect of 2025 net profit, which reflects 50% in the form of dividends (509.3 million) and 40% through share buybacks (407.5 million) Capital ratios comfortably above regulatory requirements (including the conservation buffer, O-SII buffer, countercyclical buffer and sectoral systemic risk buffer) Leverage ratio at 6.2% as of March 2026 Fully implemented vs requirement Mar 25 Mar 26 Requirements Total capital ratio 1 (Fully implemented) 2.15% 4.58% 20.0% 19.3% +4.6pp Fully implemented vs requirement 14.73% +9.1pp Combined buffer reserve 2 8.0% Pillar 2 (P2R) Pillar 1 Mar 25 Mar 26 Requirements 21 1 Estimated fully implemented ratio (March 2026) including 10% of unaudited Q1'26 net income. Excluding any distributions, the proforma CET1 ratio would be 15.7%. | 2 Combined buffer reserve comprises: the conservation buffer, the O-SII buffer, the countercyclical buffer (including the increase in the percentage applicable to exposures to counterparties resident in Portugal) and the sectoral systemic risk buffer. Common equity tier 1 (CET1) 1 quarterly evolution 15.9% +70 bp -66 bp -35 bp 15.6% -15 bp -9 bp -10 bp -9 bp -13 bp 15.1% -20 bp Dec 25 15% of 2025 Dec 25 P&L Dividends Credit Risk Credit Risk AFS RWA Other Mar 26 Additional proforma +SBB RWA RWA Reserves Securitisation SBB Poland Portugal Poland 1 Estimated fully implemented ratio (March 2026) including 10% of the unaudited net income of Q1'26. 22 MREL requirements and Funding Plan MREL position (BCP Resolution Group - 31 Mar 2026)* 32.4% 11.7% T2 29.56% MREL Requirement 1 + CBR 4 AT1 6.86% MREL Requirement 1 CET1 3 19.8% CET1 3 7.2% 0.5% 1.4% 2.7% Resolution strategy: MPE (Multi Point of Entry) 2 BCP Resolution Group : Perimeter centred in Portugal Preferred Resolution Measure: Bail-in No subordination requirements have been applied to the BCP Resolution Group As of March 31, 2026, BCP complied with MREL requirement, including CBR, applicable since July, 2025 (with a buffer of 2.8% of TREA, amounting to c. EUR 790 million) Funding Plan execution in 2026 Early redemption of the EUR 500 million of SP on February 12, 2026 (not eligible as of January 31, 2026). 500 million of Senior Preferred issued on February 5, 2026 with a maturity of 6.25 years and Call Option on the year 5.25. Until year-end 2026 the Bank estimates to issue approximately EUR 1,000 million. SP 7.4% T2 3.7% AT1 1.4% SP Mar 26 (%TREA) Mar 26 (%LRE) MREL - Minimum Requirement for own funds and Eligible Liabilities | TREA - Total Risk Exposure Amount; LRE - Leverage Ratio Exposure; CBR - Combined Buffer Requirements *Preliminary data 1 Requirements covered by the 2024 Resolution Planning Cycle, applicable since July 2025 (24.89%). MREL requirements are subject to periodic review by the SRB and changes in the regulatory framework. 2 In addition to the resolution perimeter centered in Portugal, BIM in Mozambique and Bank Millennium in Poland were established as additional groups. With regard to Mozambique, as European rules do not apply, no minimum MREL requirement has been set. With regard to Bank Millennium were set minimum requirements of MREL - TREA of 15.36% and MREL - TEM of 5.91% from 29May 2025. 3 Including unaudited net income for 1Q26. 23 4 Including RRE - Sectoral Systemic Risk Buffer and CCyB - Countercyclical Capital Buffer. Robust liquidity position Liquidity ratios (CRD/CRR) 319% Liquidity excess in ECB (Billion euros) 31.4 30.3 Eligible assets 179% 100% +0.20 billion 0.72 0.92 Mar 25 Mar 26 Net loans to deposits ratio 68% 68% NSFR (Net stable funding ratio) LCR (Liquidity coverage ratio) Mar 25 Mar 26 24 03 25 Portugal Profitability in Portugal Net income Net operating revenue +15.8% 497.3 575.7 (Million euros) (Million euros) 218.9 +21.2% 265.4 Q1'25 Q1'26 Operating Costs (Million euros) Q1'25 Q1'26 Impairment and other provisions (Million euros) 168.6 +4.5% 176.2 +33.5% 51.3 38.5 Q1'25 Q1'26 Q1'25 Q1'26 26 Net interest income (Million euros) +57.8 -64.1 -2.0 -2.0 -1.5 2.12% 2.20% 325.8 +9.8% +33.6 +10.1 357.7 Q1'25 Performing credit volume effect Credit rate effect Impact of NPE reduction Deposit's cost effect Securities portfolio effect Wholesale cost effect Excess liquidity and other Q1'26 The positive effects of performing loans volume, deposit's cost and wholesale funding offset the impact of interest rates decrease on the loan portfolio. NPE include loans to Customers only. 27 Commissions and other income Commissions Other income (Million euros) (Million euros) Q1'25 Q1'26 YoY Banking fees and commissions 125.0 133.9 +7.1% Cards and transfers 34.5 40.3 +16.8% Loans and guarantees 21.6 22.0 +2.1% Bancassurance 31.4 33.5 +6.9% Management and maintenance of accounts 36.9 38.3 +3.6% Other fees and commissions 0.7 -0.2 -127.3% Market related fees and commissions 22.7 26.4 +16.2% Securities operations 8.3 10.5 +25.8% Asset management and distribution 14.4 15.9 +10.7% Total fees and commissions 147.8 160.4 +8.5% Equity earnings + dividends Net trading income Other operating income 23.7 13.3 12.4 -2.0 57.6 37.4 14.4 5.7 Q1'25 Q1'26 28 Operating costs Operating Costs Employees (Million euros) Cost to income Staff costs 97.4 96.9 51.9 56.2 19.9 22.7 Depreciation Other administrative costs 168.6 34% +4.5% 31% 176.2 Branches 6,229 6,043 Mar 25 Mar 26 397 388 Q1'25 Q1'26 Mar 25 Mar 26 29 NPEs decrease Non-performing exposures (NPE) NPE build-up (Million euros) (Million euros) Net outflows/inflows Write-offs Sales 84 -37 -143 12 -14 0 Ending balance 746 746 (Million euros) Mar 26 vs. Mar 25 Mar 26 vs. Dec 25 Opening balance 841 749 -96 million Other NPE 841 NPL>90d 362 408 384 433 -11.4% 746 Mar 25 Mar 26 Loan impairment (net of recoveries) NPE in Portugal total 746 million at the end of March 2026, a decrease of 96 million from March 2025 The decrease in NPEs compared with March 2025 is attributable to a reduction of 49 million in other NPEs and 46 million in NPL>90d Cost of risk of 33bp in Q1'26, in line with Q1'25, with the loan-loss reserves / NPE ratio ascending to 105% in March 2026 and 92% in March 2025 (Million euros) 33bp 33bp 777 783 Cost of risk Loan-loss reserves 33.3 35.8 Q1'25 Q1'26 NPE include loans to Customers only 30 NPE coverage NPE total coverage* NPL>90d total coverage* 128% 10% 94% 100% 24% 64% 0% 36% 154% 105% Real estate collateral Cash, other fin. collat. 43% 5% LLRs 100% 154% 25% 127% 2% 128% 35% 1% 91% Real estate collateral Cash, other fin. collat. LLRs Individuals Companies Total Individuals Companies Total 55% 44% 1% Total coverage* ≥100% for both NPE categories (NPL>90d and other NPE) Higher levels of coverage by loan-loss reserves in loans to companies, where real-estate collateral, which is usually more predictable in value and has greater market liquidity, is less prevalent than in the retail sector: coverage by loan-losses was 94% for companies NPE as of March 2026, reaching 128% for companies NPL>90d Other NPE total coverage* 100% 108% 18% 81% 0% 24% 67% 17% 104% 51% 9% 44% Real estate collateral Cash, other fin. collat. LLRs Individuals Companies Total NPE include loans to Customers only. 31 *By loan-loss reserves and collaterals. Foreclosed assets and corporate restructuring funds Foreclosed assets Corporate restructuring funds (Million euros) (Million euros) 89 50 32 36 38 68 Impairment Net value Turismo Algarve FCR fund * Corporate restructuring funds -5.2% 334 317 293 41 42 275 Mar 25 Mar 26 Mar 25 Mar 26 Sales of foreclosed assets Net foreclosed assets were down by 36.9% between March 2026 and March 2025 23 properties were sold in Q1'26 compared to 114 properties sold in Q1'25 Restructuring funds amounted to 317 million in March 2026 a decrease of 5.2% from March 2025 (Million euros) 11 6 114 23 Sale value # properties sold 8 Book value 4 Q1'25 Q1'26 * The participation in Turismo Algarve FCR was reclassified to investments in associated companies in Q2'24 32 Customer funds and loans to Customers Total Customers Funds* Loans to Customers (gross) (Milhões de euros*) (Billion euros) 31.0 26.0 1.6 16.9 Off-BS funds Other BS funds Term deposits 70.9 15.3 1.3 25.7 +6.3% 28.6 +5.2% 75.4 (Billion euros) (Milhões de euros*) 20.0 2.6 17.5 18.8 2.8 22.3 Mortgage Personal 40.1 +9.6% +11.1% 43.9 Demand deposits Companies Mar 25 Mar 26 Mar 25 Mar 26 *Deposits, debt securities, assets under management, assets placed with Customers and insurance products (savings and investments). 33 Performing loans in Portugal Performing loans portfolio (Billion euros) +10.0% tgage 19.8 +11.5% 22.1 rsonal 2.6 panies 17.1 +8.2% 18.5 39.2 43.2 Mo Pe Com Mar 25 Mar 26 Evolution of performing loans 39.2 43.2 +1.4 +0.2 +2.3 +3.9 billion s) (Billlion euro Mar 25 Mortgages Personal Companies Mar 26 *Source: SWIFT Watch Analytics March 2026 **Source: ALF (December 2025). Performing loans to individuals increased by 11.5%, highlighting the mortgage loan portfolio which increased by 2.3 billion. Performing loans to companies increased by 8.2% The Bank maintains a prominent position in the corporate segment: PME Leader programme reference Bank, winner of 6 of the last 7 editions Leading Bank in Inovadora COTEC programme for the 5 th consecutive year, with a market share of 48%; Leading Bank in the Inovadora Evolution programme, recognition of good practices in ESG risk management; Main Bank for companies: Best Bank for companies, Most innovative Bank, Most efficient Bank and Bank with the Most appropriate products according to DATAE 2025; Best Bank for Sustainable Finance in Portugal 2025 by Global Finance; Trade Finance with a market share of 23.5%* and Best Foreign Exchange Bank in Portugal in 2026 according to Global Finance; Best Bank for SMEs - Euromoney Award given based on the investment made in Digitalization and Innovation and personalized Financial Support to SMEs; Leading Bank in Banco Fomento Guarantees; Leading Bank in Confirming, with a market share of 28.1%**; Leading Bank in Leasing , with a market share of 25.9%**; Reference commercial bank in Portugal for the EIF and the EIB; Corporates' website named Product of the Year 2026 (by, PRODUCT OF THE YEAR PORTUGAL) and Best Customer Experience solution (by Finnovate) These awards are of the exclusive responsibility of the attributing entities . 34 04 35 International operations Contribution from international operations Contribution from international operations 1 (Million euros) Q1'25 Q1'26 Δ % (Million euros) +64.6% 40.4 24.5 Poland 42.4 71.2 67.8% Mozambique 3.3 5.5 68.2% Other 0.6 1.1 83.6% Exchange rate effect 0.9 -- -- Net income international 47.1 77.7 65.0% Non-controlling int. -22.6 -37.3 65.4% Contribution from international 24.5 40.4 64.6% operations (Poland+Mozambique) operations Q1'25 Q1'26 1 Subsidiaries' net income presented for Q1'25 reflect the same exchange rate as of Q1'26 for comparison purposes. 36 Bank Millennium Net income Net operating revenue (Million euros 1 ) (Million euros 1 ) 71.2 42.4 Net income Excluding extraordinary effects 2 Net income 169.9 +67.8% 121.7 -0.1% WIBOR 3 months (average) Q1'25 Q1'26 5.86% 3.87% 394.5 394.3 Q1'25 Q1'26 Net income of 71.2 million in Q1'26, compared to 42.4 million in the same period last year (+67.8%) Net income influenced by charges associated with the CHF mortgage loan portfolio despite falling 61% 3 YoY , standing at 50.1 million in Q1'26 Customer funds grew by 14.5%. Loans to Customers (gross) increased by 4.8%, with corporate loans increasing by 26.5% CET1 ratio of 13.8% and a total capital ratio of 17.6%, both above the minimum requirements of 8.3% and 11.8%, respectively. Operating Costs (Million euros 1 ) +11.6% 158.1 176.5 22.3 148.8 135.7 27.6 Resol. Fund + DGF Q1'25 Q1'26 37 1 FX effect excluded.€/Zloty constant at March 2026 levels: Income Statement 4.23; Balance Sheet 4.30. | 2 Excludes FX mortgage legal risk provisions, as well as costs of litigations and settlements with Clients. | 3 Includes provisions for legal risk, costs with out-of-court settlements and legal advice, before taxes. Does not include provisions for legal risk on CHF mortgages of Euro Bank (guaranteed by Société Générale). Before taxes. Net interest income resilient despite interest rates decrease Net interest income Operating costs (Million euros*) (Million euros*) 3.65% 4.23% NIM 336.8 329.0 Staff costs 84.4 76.2 81.9 92.1 -2.3% Other 158.1 +11.6% 176.5 Q1'25 Q1'26 Q1'25 Q1'26 Commissions and other income (Million euros*) Mandatory contributions (Million euros*) Other Fees and commissions +13.1% 57.7 65.2 48.4 43.2 14.5 16.8 Banking tax on assets Resol. Fund DGF 45.7 27.6 24.3 18.0 23.3 4.3 +13.6% 51.9 Q1'25 Q1'26 *FX effect excluded. €/Zloty constant at March 2026 levels: Income Statement 4.23. Balance Sheet 4.30. Q1'25 Q1'26 38 Credit quality NPL>90d Loan-loss reserves (Million euros*) (Million euros*) Credit ratio NPL>90d 2.2% 2.1% 398.7 390.7 Mar 25 Mar 26 Coverage ratio NPL>90d 150% 144% 596.8 561.2 Mar 25 Mar 26 Loan impairment (net of recoveries) NPL>90d accounted for 2.1% of total loans as of March 2026, compared to 2.2% in March 2025 Coverage of NPL>90d by loan-loss reserves stood at 144% as of March 2026 (150% in March 2025) Cost of risk in Q1'26 at 45bp, in line with the same period last year (Million euros*) 45bp 45bp Cost of risk 18.8 17.9 Q1'25 Q1'26 *FX effect excluded. €/Zloty constant at March 2026 levels: Income Statement 4.23. Balance Sheet 4.30. 39 Customers funds and loans to Customers Customers funds Loans to Customers (gross) (Million euros*) (Million euros*) +14.5% Off-BS funds Term deposits 30,592 35,037 Mortgage 17,925 +4.8% 5,554 4,390 4,599 4,783 8,936 8,441 18,778 Demand deposits Personal Companies +26.5% 21,365 18,130 9,676 2,787 10,019 3,653 Mar 25 Mar 26 *FX effect excluded. €/Zloty constant at March 2026 levels: Income Statement 4.23. Balance Sheet 4.30. Mar 25 Mar 26 40 Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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