FY25 Financial Results

18.8% CET1

Ordinary payout

C0%2 / €0.7b2

Proposal for additional distribution of €0.3b2 in 202C

Net PE expansion

+€3.5byoy

Performing loans

€37.0b in FY25

c€1.3b1 PAT

€1.381 EPS

15.5%1 RoTE

1 Before one-offs | 2 Proposal is subject to regulatory approvals and the 2026 AGM

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• FY25 Group PAT of c€1.3b1 absorbs c1G0bps of benchmark rate normalization

  • FY25 NII at -9.3% yoy, in line with our guidance, absorbs interest rate normalization due to strong credit growth and solid liability management; NII evolution in 4Q25 (+1% qoq) marks the end of its normalization, setting credit dynamics as the key driver going forward

  • Fee income growth accelerated in 4Q25, reaching double digits (+10% yoy) at the FY level, driven by investment product fee growth, treasury sales and loan origination fees; the former grew +70% yoy, leveraging successful cross selling, delivering impressive mutual fund market share gains of +6ppts over the past two years

  • FY25 OpEx up by +7.3% yoy, driven by our long-term strategy to invest in (i) our people through the onboarding of new talent and variable remuneration, as well as (ii) technology and digital infrastructure, with tangible benefits in our productivity, commercial effectiveness, digital offering and cyber risk security

  • FY25 C:I stood at a low 34.1%, even following the interest rate normalization

  • FY25 CoR at 40bps, well inside our guidance, reaffirms our strategy for gradual normalization and limited volatility, reflecting benign asset quality conditions and sector-leading coverages across Stages

  • RoTE at 15.5%1 before adjusting for excess capital, fulfills our FY25 guidance of >15%

• Our robust Balance Sheet provides strategic flexibility

  • Disbursements accelerated in 4Q25 - driven by multiple sectors - yielding an impressive FY25 PE expansion of

    +€3.5b, or +10% yoy, far exceeding the >€2.5b FY guidance; corporate credit growth was up in the low teens (+13% yoy), while retail business offered support (+€0.3b yoy) driven by solid growth in SBs (+16% yoy) and consumer lending (+7% yoy)

  • Deposits, up by +€2b yoy, reflect sustained low-cost core deposit growth, with time deposit migration to mutual funds continuing, benefitting our funding mix and cost

  • Retail client FuMs at €9.3b, up by a solid +€2.3b, or +35% yoy, supporting our fee income line

  • Term deposit yields drop further, driving our overall deposit cost below 30bps and our funding cost to c60bps, both the lowest in Greece due to our superior mix

  • Fixed income securities up by €1.8b yoy, grew in alignment with our balance sheet dynamics, leveraging our excess cash position to provide incremental support to NII going forward

  • NPE ratio at 2.4%, reflects benign asset quality trends; highest coverage across stages by European standards provides resilience

• CET1 at 18.8%, total capital ratio at 21.5%

  • CET1 at 18.8%, +50bps yoy, absorbs solid credit growth and highest payout2 accruals; total capital ratio at 21.5% or 22.7% pro forma for the Feb26 AT1 issuance of €500m

  • MREL ratio at 29.2%, above the new MREL target of 26.7%3

• Our Transformation Program supports the delivery of sustainable results

  • In Corporate, we have scaled up our international lending and structured finance portfolio, while further strengthening fee generation via an enriched Global Markets offering

  • In Retail, we have completed the roll-out of our new service model for individuals and further strengthened our frontline of RMs for Premium clients, while continuing to switch simple transactions to digital channels and uncomplicated loans to embedded banking

  • Our leading digital franchise exceeds 4.5m subscribers and 3.3m active users, powered by our next-generation retail mobile banking platform and our enhanced Next app for the youth segment

  • The migration to our Core Banking System (CBS) nears completion, while we progress with the modernization of our workflow platforms, introducing new GenAI solutions across the Bank; the implementation and adoption of AI technologies is gaining traction, including our customer facing chatbot "Sophia", which is widely used by our clients

• ESG strategy

  • On Climate s Environment, we issued our fourth Green Senior Preferred Bond of €600m in January 2026, demonstrating our commitment to financing the energy transition of the Greek economy, while we continue to enable sustainable finance solutions for our Corporate C Retail clients

  • On Social Responsibility, we continue to actively support the public schools' renovation programme "Marietta Giannakou", with an additional €25m donation for 2026 works. We also implement impactful initiatives in the areas of financial empowerment and inclusion (ENNOIA initiative) and entrepreneurship and innovation (NBG Business Seeds program)

1 Before one-offs | 2 Proposal is subject to regulatory approvals and the 2026 AGM | 3 Applicable as of 02.03.2026