Slides
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Q2 25 results presentation Vienna, 1 August 2025 Strong business performance, fast capital build Peter Bosek, CEO Erste Group Stefan Dörfler, CFO Erste Group Alexandra Habeler-Drabek, CRO Erste Group
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Page THE INFORMATION CONTAINED IN THIS DOCUMENT HAS NOT BEEN INDEPENDENTLY VERIFIED AND NO REPRESENTATION OR WARRANTY EXPRESSED OR IMPLIED IS MADE AS TO, AND NO RELIANCE SHOULD BE PLACED ON, THE FAIRNESS, ACCURACY, COMPLETENESS OR CORRECTNESS OF THIS INFORMATION OR OPINIONS CONTAINED HEREIN. CERTAIN STATEMENTS CONTAINED IN THIS DOCUMENT MAY BE STATEMENTS OF FUTURE EXPECTATIONS AND OTHER FORWARD-LOOKING STATEMENTS THAT ARE BASED ON MANAGEMENT’S CURRENT VIEWS AND ASSUMPTIONS AND INVOLVE KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS, PERFORMANCE OR EVENTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED IN SUCH STATEMENTS. NONE OF ERSTE GROUP OR ANY OF ITS AFFILIATES, ADVISORS OR REPRESENTATIVES SHALL HAVE ANY LIABILITY WHATSOEVER (IN NEGLIGENCE OR OTHERWISE) FOR ANY LOSS HOWSOEVER ARISING FROM ANY USE OF THIS DOCUMENT OR ITS CONTENT OR OTHERWISE ARISING IN CONNECTION WITH THIS DOCUMENT. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO PURCHASE OR SUBSCRIBE FOR ANY SHARES AND NEITHER IT NOR ANY PART OF IT SHALL FORM THE BASIS OF OR BE RELIED UPON IN CONNECTION WITH ANY CONTRACT OR COMMITMENT WHATSOEVER. 2 Cautionary note regarding forward-looking statements DISCLAIMER
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Page EXECUTIVE SUMMARY 3 PRESENTATION TOPICS MACROECONOMIC AND BUSINESS UPDATE OPERATING TRENDS WHOLESALE FUNDING AND CAPITAL FINANCIAL OUTLOOK APPENDIX
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Page QoQ net profit development YTD net profit development 4 Continued strong top line driven by NII − NII continues to consolidate along the top Swing in other result mainly due to positive one-off − Additionally, Q1 25 was affected by negative items, such as additional provisions in AT and seasonally higher banking taxes Strong revenue backdrop: NII up 2.7%, fees up 8.3% − More than offsetting lower, but still strong net trading & FV result and one-off rental income in Q1 24 Costs up mainly due to higher personnel expenses − Higher IT, marketing and consulting expenses also contributed Risk costs slightly up on lower overlay releases Strong top line performance drives guidance upgrade EXECUTIVE SUMMARY: P&L PERFORMANCE 64 182 45 Q1 25 Operating income 17 Operating expenses 11 Risk costs Other result Taxes on income 5 Minorities Q2 25 743 921 +24.0% 147 158 56 58 42 1-6 24 Operating income Operating expenses Risk costs Other result 2 Taxes on income Minorities 1-6 25 1,629 1,665 +2.2% in EUR m in EUR m
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Page Net interest margin 5 Cost/income ratio Risk cost ratio Banking levies Earnings per share Return on tangible equity Excellent P&L indicators EXECUTIVE SUMMARY: P&L DASHBOARD in EUR m in EUR 46.3 Q2 24 45.1 Q3 24 51.4 Q4 24 48.0 Q1 25 47.5 Q2 25 2.43 Q2 24 2.45 Q3 24 2.46 Q4 24 2.33 Q1 25 2.41 Q2 25 6 Q2 24 16 Q3 24 34 Q4 24 15 Q1 25 17 Q2 25 17.2 Q2 24 19.5 Q3 24 11.5 Q4 24 15.2 Q1 25 17.5 Q2 25 G25: <50% G25: ~20 bps G25: >15% 1.87 2.14 1.33 1.82 2.11 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 48 59 51 121 76 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 in % in bpsin % in %
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Page YTD total asset development YTD equity & total liability development 6 Customer loans up 2.7% ytd − Increase primarily in Retail (+4.3% ytd) and CEE (+4.1% ytd) − Main geographic drivers: CZ, SK, HR, RS and increasingly Austria Only moderate ytd increase in interest-bearing assets − Mainly due to lower level of interbank business Customer deposits increase by 2.8% ytd − Core deposits (Retail, SME, Savings Banks) rise by 1.8% ytd − Particularly strong ytd deposit inflows in public sector business Increase in debt securities due to regular funding activity Increase in equity driven by profits, AT1 issuance Well-balanced customer volume growth EXECUTIVE SUMMARY: BALANCE SHEET PERFORMANCE 2.5 30/06/25Miscella- neous assets 0.4 Intangibles 0.0 Net loans 353.7 361.1 5.9 Loans to banks 4.2 Trading, financial assets 2.7 Cash31/12/24 +2.1% 31/12/24 0.9 Trading liabilities 5.9 Bank deposits 6.8 Customer deposits 2.9 Debt securities 0.7 Miscellaneous liabilities 1.8 Equity 30/06/25 353.7 361.1 in EUR bn in EUR bn
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Page Loan/deposit ratio 7 Loan & deposit growth Asset quality Capital ratios (reported) Liquidity ratios Leverage ratio Strong balance sheet metrics EXECUTIVE SUMMARY: BALANCE SHEET DASHBOARD in % in % 3.1 -0.4 Q2 24 3.5 1.7 Q3 24 4.9 3.8 Q4 24 5.8 4.6 Q1 25 6.0 3.4 Q2 25 87.9 Q2 24 89.0 Q3 24 90.2 Q4 24 89.4 Q1 25 90.1 Q2 25 in % yoy, in % Loan growth Deposit growth G25: >5% 80.6 Q2 24 78.7 Q3 24 72.5 Q4 24 74.6 Q1 25 73.6 Q2 25 2.4 2.4 2.6 2.5 2.5 NPL coverage ratio NPL ratio in % 19.7 15.5 Q2 24 19.3 15.2 Q3 24 19.7 15.3 Q4 24 20.7 15.9 Q1 25 22.6 17.4 Q2 25 Total capital ratio CET 1 ratio 153.8 141.7 Q2 24 157.7 144.3 Q3 24 151.6 143.9 Q4 24 158.6 142.4 Q1 25 164.4 141.9 Q2 25 Liquidity coverage ratio Net stable funding ratio 7.2 Q2 24 7.1 Q3 24 7.1 Q4 24 7.1 Q1 25 7.9 Q2 25 in % *) NSFR as of 05/25. *)
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Page EXECUTIVE SUMMARY 8 PRESENTATION TOPICS MACROECONOMIC AND BUSINESS UPDATE OPERATING TRENDS WHOLESALE FUNDING AND CAPITAL FINANCIAL OUTLOOK APPENDIX
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Page Consumer price inflation Labour markets expected to remain strong despite slower growth, supporting domestic demand Current account balance picture mixed in CEE, fiscal deficits set to improve in the medium term MACROECONOMIC AND BUSINESS UPDATE: ECONOMIC FORECASTS * Current account balance General government balance Public debt CEE set to grow moderately in 2025, to accelerate in 2026 Robust GDP growth forecasts across CEE; Austrian outlook improved slightly Broadly unchanged, low to mid-single digit inflation rates expected across Erste footprint Unemployment rate Real GDP growth 9 -0.2 2.0 1.5 1.3 0.8 2.8 3.1 0.4 2.2 1.5 3.1 3.0 2.6 3.9 AT CZ SK RO HU HR RS 2.9 2.6 3.9 6.3 4.7 3.2 4.4 2.0 2.3 3.3 5.6 4.1 2.5 3.3 AT CZ SK RO HU HR RS 5.3 2.9 5.3 5.6 4.2 4.7 8.7 5.1 3.5 5.7 5.5 4.0 4.5 8.4 AT CZ SK RO HU HR RS 2.0 1.9 -3.0 -7.8 1.9 -2.3 -5.6 2.0 1.4 -3.0 -6.8 1.7 -2.7 -5.3 AT CZ SK RO HU HR RS -4.5 -2.4 -4.5 -7.5 -4.5 -2.8 -3.0-4.2 -2.5 -3.8 -6.4 -4.5 -2.5 -3.0 AT CZ SK RO HU HR RS -3 84 44 61 58 74 57 47 86 45 62 60 74 57 47 AT CZ SK RO HU HR RS 60 * Source: Erste Group Research. avg, in % avg, in %in %2025 2026 % of GDP % of GDP % of GDP
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Page Retail loan demand accelerates noticeably − Housing finance volumes improve across the group (+1.9% qoq, +5.5% yoy) as customer demand is supported by lower rates − Consumer finance up as well (+4.2% qoq, +9.4% yoy) supported by simplified digital access and lower rates − Risk profile of the retail loan portfolio remains excellent Retail deposit growth driven by current accounts − Retail deposits up 2.0% and 6.7%, qoq and yoy, respectively − Favourable structural shift towards overnight deposits Stock of securities savings plans up again − Strategic focus on long-term savings plans pays off, creating a constant inflow of new assets under management despite volatile markets and supports a long-term sustainable asset growth − George Invest, new investment interface for clients, launched in CZ and AT, substantially increasing the number of younger first -time investors George hits 9 million active monthly users − 11 million users onboarded to George across 6 markets − Digital sales at >60%, supported by assisted digital sales initiatives − ~70% of consumer loans and almost 55% of insurance products sold digitally 10 Retail business enjoys good volume momentum Gross retail loans by product * Securities savings plans by country MACROECONOMIC AND BUSINESS UPDATE: RETAIL BUSINESS in thds, eop in EUR bn 71.5 17.0 10.3 5.5 Q2 24 72.3 17.5 10.1 5.7 5.8 Q4 24 74.1 17.9 10.3 5.7 Q1 25 75.5 18.6 Q3 24 5.8 Q2 25 17.6 10.2 73.2 104.3 105.7 106.8 108.0 110.4 10.5 +5.8% Other retail loans Commercial loans Consumer finance Housing finance Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 1,460 1,519 1,599 1,754 1,813 +24.1% Croatia Hungary Slovakia Romania Czech Republic Austria *) Figures comprise segments Retail and Savings Banks (retail products)
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Page Growing wholesale business and strong fee performance − Growth impulses since YE 24 from Large Corporates across the region, SME market demand picking up. Besides investment activities and guarantee business, growing use of working capital visible − Operating income slightly lower yoy due to squeezed margins on deposits in the context of interest rate reductions and a positive one -off in H1 24 − Fee income continues to rise in line with long-term strategy, up 10%+ yoy Group Markets business running ahead of 2024 results − Fee-generating business up 15% yoy, strong performance continues on the back of ECM/DCM activities, with issuance volumes increasing by 35% yoy and a total of 165 executed deals − Solid positioning on Trading and FI desks support operating income Asset management continues to grow despite market volatility − Assets under management rise to new all-time high of EUR 95.6bn, supported by Retail (incl. savings plans) and institutional sales as well as M&A activities − Sustainable funds (SFDR Art. 8 and 9) slightly up to EUR 32.1bn − George business roll-out continues with migration completed in AT and good progress in RO and CZ − Total of 63,200 clients on the platform as of H1 25 11 Corporates & Markets business performs well Net loan stock of Corporate segment Operating income of Corporates & Markets segments MACROECONOMIC AND BUSINESS UPDATE: CORPORATES & MARKETS BUSINESS Q2 24 21.0 28.6 22.0 6.7 Q3 24 21.5 29.0 23.0 7.0 Q4 24 21.4 29.9 20.9 6.8 Q1 25 22.0 31.2 23.0 6.6 Q2 25 28.8 21.6 6.6 77.9 78.4 80.5 81.1 82.8 22.9 +6.3% Public sector Commercial Real Estate Large Corporates Small and Medium Enterprises 457 443 430 394 248 246 160 159 1-6 24 1-6 25 1,295 1,243 -4.0% in EUR m in EUR bn 407 428 1-6 24 1-6 25 +5.0% Corporates Markets Small and Medium Enterprises Large Corporates Public sector Commercial Real Estate
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Page EXECUTIVE SUMMARY 12 PRESENTATION TOPICS MACROECONOMIC AND BUSINESS UPDATE OPERATING TRENDS WHOLESALE FUNDING AND CAPITAL FINANCIAL OUTLOOK APPENDIX
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Page Loan growth accelerates in Q2 25, including in Austria − Yoy growth strong across the board, but more pronounced in Retail than in Corporate business, up 7.6% vs 6.3%, with retail growth mostly driven by HR, CZ and SK − Qoq similar trend as yoy: Retail (+2.7%), Corporate (+2.1%) − Austria saw uptick in loan demand in Q2 25, driven equally by Retail and Corporate demand (qoq) − CEE yoy, qoq loan growth trends strong, particularly in CZ, SK, HR and RS, with good balance between Retail and Corporate 2025 loan growth target upgraded to >5% − Strong dynamics in key markets (CZ, SK) and improving trend in AT − Annual growth rates in Retail and Corporate already >5% Q2 25 loan growth drivers − CZ: qoq, yoy strong momentum in retail (primarily in mortgages) and corporate business amid solid economy; FX effect +EUR 0.8bn − SK: yoy driven by better retail demand, qoq faster corporate growth − AT/EBOe & AT/SB: stable corporate growth, despite continued economic weakness; improved mortgage demand − AT/OA: up yoy, qoq on better Large Corporate business volumes − RO: yoy, qoq impacted by public sector business volatility, despite strong growth in consumer loans 13 Loan growth momentum continues to build – 2025 guidance upgraded Net loan stock Growth rates OPERATING TRENDS: NET LOAN STOCK AND GROWTH CZ RO SK HU HR RS Other 211.3 220.1 224.0 41.1 42.5 42.9 58.9 60.1 60.8 21.5 23.5 24.1 41.8 44.2 45.7 12.8 13.4 13.1 19.0 19.6 20.2 5.8 5.8 6.1 Group 10.0 10.1 2.2 2.3 2.5 9.6 -1.4 -1.5 AT/EBOe AT/SB AT/OA -1.4 1.8% 6.0% 1.0% 4.5% 1.2% 3.3% 2.2% 11.8% 3.4% 9.3% -2.4% 2.3% 2.9% 6.5% 4.5% 5.2% 0.9% 4.7% 7.6% 14.9% 30/06/24 31/03/25 30/06/25 in EUR bn Not meaningful QoQ YoY
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Page Erste Group’s favourable deposit mix is a key competitive advantage – overweight retail, sight, LCY deposits Key Q2 25 deposit drivers − Core deposits (Retail, SME & Savings Banks) post healthy growth of 5.3% yoy, up 1.6% qoq, while public sector deposits, mainly in CZ, grow faster in Q2 25, at 16.9% − AT/OA: qoq, yoy down on lower financial institutions deposits − CZ: growth across all segments, strongest in public sector business − HR: well-balanced growth on strong macro backdrop − RO: qoq decline on lower large corporate and public sector deposits 14 Retail deposit growth accelerates Customer deposits Growth rates OPERATING TRENDS: CUSTOMER DEPOSIT STOCK AND GROWTH AT/EBOe AT/SB AT/OA CZ RO SK HU HR RS Other 240.2 246.1 248.5 46.4 47.5 47.7 64.8 66.8 68.1 15.2 12.0 9.1 59.8 61.8 65.8 16.4 18.1 17.0 18.1 18.8 18.9 Group 8.6 8.7 11.0 12.2 12.8 8.0 2.5 2.5 -2.0 -2.2 -2.0 2.5 1.0% 3.4% 0.5% 2.8% 1.8% 5.1% -24.5% -40.4% 6.5% 10.0% -6.1% 3.3% 0.7% 4.3% 0.9% 8.2% 4.2% 16.1% 1.5% 3.2% QoQ YoY in EUR bn 30/06/24 31/03/25 30/06/25 Not meaningful Deposits by clients * Deposits by currency 7% 8% 68% 17% Retail Corporate Public sector Other 30/06/25 30/06/25 *) Split by customer groups, not segments; Retail includes Savings Banks and their retail associated client groups; may contain rounding differences 64% 32% 3% 1% EUR LCY USD Other
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Page NII continues consolidation along the top − NII up 4.3% yoy, with increase driven by strong performance in CEE, partly offset by decline in Austrian entities − NII up 2.3% qoq, supported by deposit repricing in Austrian retail & corporate, strong performance in CZ and SK − NIM up qoq on stable interest-bearing assets (due to lower interbank business volumes), higher NII Key NII drivers in Q2 25 − AT/EBOe, AT/SB: qoq stabilisation on lower deposit rates; yoy down on lower central bank rates triggering variable rate loan repricing, lower income from liquidity placements − CZ: strong qoq, yoy performance supported by volume growth and continued deposit repricing − SK: yoy increase on resetting of fixed mortgages interest rates − HU: yoy, qoq decline on lower market interest rates 2025 NII guidance upgraded to >0% − Positive business effects expected to more than offset decelerating central bank rate cuts − Tailwinds: loan growth, fixed rate loan repricing in selected markets, lower funding costs, higher bond portfolio income − Headwinds: lower market interest rates across all markets, variable rate loan repricing in Austria 15 NII up yoy & qoq, NIM bounces back Net interest income Net interest margin OPERATING TRENDS: NET INTEREST INCOME (NII) AND NET INTEREST MARGIN (NIM) 280 457 137 347 188 134 103 103 28 57 253 420 153 366 201 145 107 102 28 98 257 434 149 380 196 150 98 102 29 119 Group AT/EBOe AT/SB AT/OA CZ RO SK HU HR RS Other 1,835 1,872 1,914 2.43% 2.33% 2.41% 2.19% 1.92% 1.96% 2.44% 2.18% 2.24% 1.02% 1.10% 1.16% 1.80% 1.87% 1.95% 3.99% 3.75% 3.77% 2.33% 2.41% 2.43% 4.03% 4.20% 3.74% 3.27% 3.12% 3.04% 3.90% 3.68% 3.74% Q2 24 Q1 25 Q2 25 in EUR m Q2 24 Q1 25 Q2 25 Not meaningful
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Page Net fee income by segment Net fee income by fee type 16 Key fee drivers in Q2 25 − Yoy strong performance across all relevant fee categories (payments, securities & insurance brokerage); payment fees impacted by reclassification of loan account fees to lending fees as of Q1 25 − Qoq fees declined slightly on lower contributions from securities business and other fees 2025 fee growth guidance confirmed at > +5% Key long-term structural fee growth drivers − CEE customers are becoming wealthier − CEE pension systems are less generous − Higher demand for capital markets investments Fees consolidate close to record levels OPERATING TRENDS: NET FEE AND COMMISSION INCOME 130 142 143 144 143 172 180 190 195 184 84 86 91 106 102 127 124 140 128 123 54 59 63 57 5258 58 61 59 6273 78 84 83 877 7 7 7 7 33 -29 Q2 24 35 -35 Q3 24 34 -33 Q4 24 33 -33 Q1 25 35 -34 Q2 25 711 735 780 780 762 +7.2% Other RS HR HU SK RO CZ AT/OA AT/SB AT/EBOe 337 341 359 325 331 252 251 277 288 273 46 4859 67 72 67 6921 23 2316 19 18 26 Q2 24 27 26 Q3 24 31 23 Q4 24 31 Q1 25 23 Q2 25 711 735 780 780 762 -2.4% Other Documentary fees Insurance products Lending business Securities Payment services in EUR m in EUR m
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Page Operating expenses by segment Operating expenses by type 17 Key cost drivers in Q2 25 − Yoy development mainly driven by higher personnel costs (wage settlements), as well as increased other administrative expenses, primarily for IT, marketing and consulting − Minor qoq cost increase mainly attributable to higher personnel costs (wage settlements) and other administrative costs, partly offset by lower deposit insurance contributions 2025 guidance maintained at ~ +5% − Lower wage increases to be offset by additional costs for strategic initiatives that are expected to result in revenue and cost benefits in the medium-term Operating expenses driven by personnel, other admin costs OPERATING TRENDS: OPERATING EXPENSES 186 192 213 197 208 314 319 371 339 342 103 105 108 108 114 236 230 263 253 249 108 116 131 109 11786 83 96 94 9370 71 83 82 7768 70 74 73 7222 23 30 23 2553 102 Q2 24 Q3 24 Q4 24 Q1 25 64 Q2 25 1,265 1,262 1,470 1,345 1,361 74 66 +7.6% Other RS HR HU SK RO CZ AT/OA AT/SB AT/EBOe 787 785 884 794 830 135 136 142 136 138 158 150 171 166 178 85 87 97 93 90107 3 176 54101 102 123 -7 Q2 24 Q3 24 0 Q4 24 Q1 25 1 Q2 25 1,265 1,262 1,470 1,345 1,361 +1.2% Residual other admin Deposit insurance contribution Office expenses IT expenses Depreciation and amortisation Personnel expenses in EUR m in EUR m
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Page Operating result Cost/income ratio 18 Key operating result drivers in Q2 25 − Increased core revenues yoy (driven by both NII and fees) and qoq (driven by NII), supported by robust customer volumes − Expenses tracking slightly above guidance on wage settlements, investments 2025 CIR guidance confirmed at <50% − Based on improved revenue outlook… − … unchanged cost inflation of about 5%, subject to booking of integration costs in relation to Polish market entry Operating efficiency outlook confirmed OPERATING TRENDS: OPERATING RESULT AND COST/INCOME RATIO (CIR) 2020 2021 2022 2023 2024 59.0 55.6 53.4 47.6 47.2 46.3 Q2 24 45.1 Q3 24 51.4 Q4 24 48.0 Q1 25 47.5 Q2 25 G25: <50 % in EUR m 255 238 243 225 221 332 352 297 296 297 145 150 137 180 154 276 321 290 274 291 164 168 168 175 164 115 122 119 118 123 133 143 109 122 143 18 18 7 16 16 24 75 -44 Q2 24 80 -56 Q3 24 72 -53 Q4 24 69 -17 Q1 25 71 Q2 25 1,468 1,536 1,390 1,458 1,505 +2.5% Other RS HR HU SK RO CZ AT/OA AT/SB AT/EBOe in %
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Page Risk costs by segment * Risk cost ratio * 19 Key risk costs drivers in Q2 25 − Higher allocations in Austria on rating downgrades, new defaults, primarily in corporate business − Continued strong risk performance across CEE − Net releases of FLI provisions, industry overlays of EUR 6m (Q2 24: EUR 88m) 2025 guidance upgraded to ~20 bps − Minority-owned savings banks expected to post comparatively higher risk costs, limiting bottom line impact − EUR 481m of portfolio overlays and FLI provisions available for portfolio/macro deterioration, of which EUR ~140m expected to be released in 2025 Moderate ytd risk costs drive guidance upgrade OPERATING TRENDS: CREDIT RISK/RISK COSTS 2020 2021 2022 2023 2024 78 9 15 6 18 6 Q2 24 16 Q3 24 34 Q4 24 15 Q1 25 17 Q2 25 G25: ~20 bps *) A positive (absolute) figure denotes a net allocation, a negative figure denotes a net release. The risk cost ratio is calculated as annualised quarterly impairment result of financial instruments over average gross customer loans. in EUR m Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 31 86 186 85 97 Other RS HR HU SK RO CZ AT/OA AT/SB AT/EBOe in bps
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Page 20 NPL ratio and NPL coverage (exc collateral) stable − Fewer defaults result in lower NPL inflows year-to-date − Strong work-out activity resulting in higher recoveries, esp in Other Austria (AT Holding) and at the savings banks − RO: isolated defaults related to agricultural exposures NPL ratio expected broadly unchanged in 2025 Stable stage 2 and improved stage 3 coverage qoq − Further supported by high collateralisation, especially in Austria Gross loans by stages IFRS 9 stage coverage Asset quality remains strong across footprint OPERATING TRENDS: CREDIT RISK/ASSET QUALITY NPL ratio NPL coverage ratio 2.4 2.0 3.2 2.0 1.8 2.7 1.9 2.4 2.7 2.6 2.5 2.4 3.7 1.6 1.8 2.7 2.0 1.9 2.9 2.5 2.5 2.5 3.5 1.3 1.7 3.5 2.0 1.7 2.9 2.3 Group AT/EBOe AT/SB AT/OA CZ RO SK HU HR RS Other 80.6 52.0 61.7 39.8 107.1 176.1 102.1 116.5 107.4 111.7 74.6 46.8 56.6 47.2 104.0 164.7 93.1 125.8 91.9 105.0 73.6 46.6 58.2 58.5 97.9 130.4 90.5 134.9 91.2 103.9 30/06/24 31/03/25 30/06/25 in % 30/06/24 31/03/25 30/06/25 Not meaningfulNot meaningful in % 4.3 45.6 50.9 Q2 24 3.7 44.7 51.0 Q3 24 3.8 42.7 50.4 Q4 24 3.8 43.8 49.1 Q1 25 3.8 44.6 49.4 Q2 25 Stage 2 Stage 3 NPL collateralization 15% 17% 16% 16% 14% 2% 2% 2% 2% 2% Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 215.4 217.6 222.2 224.3 228.2 Stage 1 Stage 2 Stage 3 POCI Not IFRS 9 in %in EUR bn
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Page Other result by segment Other result by accounting categories 21 Key other result drivers in Q2 25 − Yoy up on positive one-off of EUR 88m related to a technical change in the inclusion of associate in Q2 25, offsetting higher banking taxes in AT; Q2 24 affected by negative one-off of EUR 90m related to VAT ruling in AT − Qoq improvement due to positive one-off (see yoy) and seasonally lower banking taxes in HU, higher provisions in AT in Q1 25 Other result benefits from positive one-off OPERATING TRENDS: OTHER RESULT Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 -129 -57 -193 -190 -8 Other RS HR HU SK RO CZ AT/OA AT/SB AT/EBOe -15 -51 -121 -76-59 -48 -1 Q2 24 0 Q3 24 0 Q4 24 Q1 25 0 Q2 25 -129 -57 -193 -190 -8 Other Result from other operating expenses/income Resolution fund contributions Banking levies Net other provisions Derecognition of financial instruments in EUR m in EUR m
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Page Net result by segment EPS & ROTE 22 Key net profit drivers in Q2 25 − Record quarterly operating income − Operating expenses driven by wage inflation, investments − Continued moderate risk costs and healthy asset quality − Tailwind from strong other operating result 2025 ROTE target upgraded to >15% Strong track record of earning premium on cost of capital Strong ytd business performance drives 2025 ROTE guidance upgrade OPERATING TRENDS: NET RESULT, EARNINGS PER SHARE (EPS) & RETURN ON TANGIBLE EQUITY (ROTE) 17.2% Q2 24 19.5% Q3 24 11.5% Q4 24 15.2% Q1 25 17.5% Q2 25 1.87 2.14 1.33 1.82 2.11 Return on tangible equity Earnings per share Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 846 886 609 743 921 +8.9% Other RS HR HU SK RO CZ AT/OA AT/SB AT/EBOe in EUR m in EUR
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Page EXECUTIVE SUMMARY 23 PRESENTATION TOPICS MACROECONOMIC AND BUSINESS UPDATE OPERATING TRENDS WHOLESALE FUNDING AND CAPITAL FINANCIAL OUTLOOK APPENDIX
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Page Liabilities and equity 24 Debt securities Interbank deposits Comments Highly granular and well- diversified Retail & SME deposit base is key source of long-term funding Increase in debt securities − Covered bonds − Local (MREL) as well as holding issuance of senior unsecured bonds Vast retail deposit base provides competitive funding advantage WHOLESALE FUNDING AND CAPITAL: ISSUED DEBT AND INTERBANK FUNDING 21.3 241.7 51.9 30.8 31/12/24 15.4 248.5 54.8 32.6 30/06/25 353.7 361.1 Equity Miscellaneous liabilities Debt securities Customer deposits Bank deposits Trading liabilities 5.4 5.1 17.9 5.7 16.5 31/12/24 4.9 5.0 19.4 5.6 18.7 30/06/25 51.9 54.8 Public sector CBs Mortgage CBs Other CDs, name cert’s Certificates of deposit Senior unsec. bonds Senior non-preferred bonds Sub debt 2.9 10.7 7.7 31/12/24 2.7 9.5 3.2 30/06/25 21.3 15.4 Repurchase agreements Term deposits Deposits repayable on demand in EUR bn in EUR bnin EUR bn
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Page 25 2025 funding targets well advanced after Q2 25 activities − Following the publication of Q1 25 financial results and the announcement to purchase a 49% controlling stake in Santander Ba nk Polska, Erste Group successfully issued EUR 1bn AT1 (6.375% perpNC32 with a reset spread of MS+400.8bps) − Given the opportunity to achieve longer dated covered bond funding Erste Group launched a EUR 1bn 10y mortgage covered bond (MS+52bps) in May 2025 funding plan well on track WHOLESALE FUNDING AND CAPITAL: LONG TERM FUNDING Maturity profile of debt 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037+ 2.9 7.5 9.2 5.8 5.7 5.1 2.8 2.0 1.3 1.0 1.2 0.1 1.0 Debt CEE & EBOe Tier 2 Covered bonds Senior non-preferred bonds Senior unsec. bonds in EUR bn
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Page Basel 3 capital (phased-in) Risk-weighted assets (phased-in) 26 CET 1 capital soars ytd − Interim profit inclusion: +EUR 1,365m − Retained earnings (mainly cancellation of previously announced share buyback): +EUR 755m − OCI impact, other reserve and prudential filters: +EUR 94m AT1 capital up on EUR 1 bn issuance in May 2025 Fast capital build, measured RWA inflation WHOLESALE FUNDING AND CAPITAL: CAPITAL AND RISK-WEIGHTED ASSETS (RWA) 23.7 2.7 3.6 30/06/24 23.6 2.7 3.6 30/09/24 24.0 2.7 4.2 31/12/24 24.0 2.7 4.6 31/03/25 26.6 3.7 4.2 30/06/25 30.1 29.9 30.9 31.4 34.5 +11.5% CET1 AT1 Tier 2 129.8 16.2 6.8 30/06/24 131.2 16.3 7.4 30/09/24 134.0 16.7 6.6 31/12/24 124.4 21.1 6.1 31/03/25 126.1 21.1 5.4 30/06/25 152.7 154.8 157.2 151.6 152.6 -3.0% Credit Operational Market in EUR bn in EUR bn RWAs decline ytd on CRR3 implementation effects − Credit RWA decline by EUR 7.9bn; CRR3 implementation offsetting business growth and minor portfolio effects − Operational risk up on risk insensitive CRR3 standardised measurement implementation, stable qoq − Market risk RWA down ytd by EUR 1.2bn
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Page CET 1 ratio development Basel 3 capital ratios (reported, phased-in) 27 CET1 ratio rises to 17.45% − H1 25 profit of EUR 1.7bn and deduction of expected pro -rata dividend (considering a dividend payout of 10% including AT1 coupon ) − Lower RWAs mainly due to CRR3 (credit risk RWA –EUR 7.9bn partially offset by OpRisk +EUR 4.5bn and business growth) 2025 CET1 target (prior to Santander Polska consolidation): >18.25%, 2026 target CET1 ratio confirmed at >14.25% CET 1 ratio surpasses 17.4% well ahead of plan WHOLESALE FUNDING AND CAPITAL: COMMON EQUITY TIER 1 (CET1), TIER 1 AND TOTAL CAPITAL RATIOS CET1 other YE 24 0.52 ∆ RWA 1.05 Profit 0.18 Dividends & AT1 coupons 0.45 Cancel- lation of SBB 0.07 15.26 17.45 OCI 0.02 NPE backstop 0.19 Minorities 0.12 Q2 25 15.5 15.2 15.3 15.9 17.417.3 17.0 17.0 17.6 19.919.7 19.3 19.7 20.7 22.6 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 CET1 Tier 1 Total capital in % in %
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Page EXECUTIVE SUMMARY 28 PRESENTATION TOPICS MACROECONOMIC AND BUSINESS UPDATE OPERATING TRENDS WHOLESALE FUNDING AND CAPITAL FINANCIAL OUTLOOK APPENDIX
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Page 29 Broad-based 2025 guidance upgrade FINANCIAL OUTLOOK Risk factors to guidance − Political, regulatory, geopolitical, economic, health and competition risks, also non-financial and legal risks − Indirect effects from international (military) conflicts, such as the Russia/Ukraine war or in the mid-east region, prolonged supply chain disruptions, additional shock on energy prices and/or supply, deterioration of investment and consumption appetite − Economic downturn may put goodwill at risk Variable 2025 guidance Key assumptions/additional comments Real GDP ~ +0-4% CEE GDP growth remains on the agenda Loans > 5% Upgrade driven by strong growth dynamics in key markets, improving trend in Austria NII > 0% Solid volume growth and manageable interest rate environment support upgrade Fees > +5% Fees to remain pillar of revenue growth Costs ~ +5% Costs impacted by strategic initiatives CIR < 50% Upside potential due to better revenue backdrop Risk costs ~ 20 bps Positive ytd risk performance underpins guidance upgrade ROTE > 15% ROTE upgrade reflects better volume and P&L dynamics, despite material increase in equity Capital return max 10% Temporarily reduced dividend payment, supporting internal funding of Santander Polska acquisition CET1 ratio > 18.25% CET1 uplift ahead of first-time consolidation of Santander Polska around year -end of 2025
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Page EXECUTIVE SUMMARY 30 PRESENTATION TOPICS MACROECONOMIC AND BUSINESS UPDATE OPERATING TRENDS WHOLESALE FUNDING AND CAPITAL FINANCIAL OUTLOOK APPENDIX: ERSTE GROUP BASICS, ERSTE GROUP DETAILED FINANCIALS & ERSTE GROUP ESG PROFILE
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Page 31 Banking leadership in Central and Eastern Europe (1) APPENDIX: ERSTE GROUP‘S GEOGRAPHIC FOOTPRINT http://upload.wikimedia.org/wikipedia/commons/thumb/c/cb/Flag_of_the_Czech_Republic.svg/125px-Flag_of_the_Czech_Republic.svg.png http://upload.wikimedia.org/wikipedia/commons/thumb/e/e6/Flag_of_Slovakia.svg/125px-Flag_of_Slovakia.svg.png http://upload.wikimedia.org/wikipedia/commons/thumb/c/c1/Flag_of_Hungary.svg/125px-Flag_of_Hungary.svg.png http://upload.wikimedia.org/wikipedia/commons/thumb/7/73/Flag_of_Romania.svg/125px-Flag_of_Romania.svg.png http://upload.wikimedia.org/wikipedia/commons/thumb/1/1b/Flag_of_Croatia.svg/125px-Flag_of_Croatia.svg.png http://upload.wikimedia.org/wikipedia/commons/thumb/f/ff/Flag_of_Serbia.svg/125px-Flag_of_Serbia.svg.png http://upload.wikimedia.org/wikipedia/commons/thumb/4/41/Flag_of_Austria.svg/125px-Flag_of_Austria.svg.png AT CZ SK HU ROHR RS SI BIH MN MK Czech Republic Customers: 4.6m Employees: 9,629 Branches: 336 Retail loan share: 27.0% Retail deposit share: 24.3% Slovakia Customers: 2.1m Employees: 3,548 Branches: 150 Retail loan share: 24.7% Retail deposit share: 27.4% Hungary Customers: 1.1m Employees: 3,413 Branches: 98 Retail loan share: 11.6% Retail deposit share: 10.7% Romania Customers: 3.0m Employees: 5,155 Branches: 298 Retail loan share: 17.1% Retail deposit share: 12.5% Austria Customers: 4.3m Employees: 16,842 Branches: 737 Retail loan share: 21.8% Retail deposit share: 24.7% Croatia Customers: 1.3m Employees: 3,198 Branches: 128 Retail loan share: 16.2% Retail deposit share: 15.1% Serbia Customers: 0.5m Employees: 1,275 Branches: 88 Retail loan share: 6.9% Retail deposit share: 5.4% Erste Group Customers: 17.0m Employees: 45,942 Branches: 1,841 Leading retail and corporate bank in 7 geographically connected core markets Favourable mix of mature & emerging markets with low penetration rates Potential for cross selling and organic growth in CEE Employees: FTEs as of end of reporting period (The presented FTE data per country exclude FTEs outside Erste Group’s core markets in Austria and CEE as well as FTEs of specific services entities not located in Austria) Core markets Indirect presence Market shares for Austria are as of March 2025
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Page 32 Banking leadership in Central and Eastern Europe (2) APPENDIX: ERSTE GROUP STRATEGY Retail banking Corporate banking Capital markets Public sector Interbank business Eastern part of EU Focus on CEE, limited exposure to other Europe Acting as financial health advisor for the people in our region Support customers to build up and secure wealth Active management of customer journeys to increase customer satisfaction and profitability Focus on customer business, including customer-based trading activities In addition to core markets, presences in Poland, Germany, New York and Hong Kong with institutional client focus and selected product mix Building debt and equity capital markets in CEE Financing sovereigns and municipalities with focus on infrastructure development in core markets Any sovereign holdings are held for market-making, liquidity or balance sheet management reasons SME and large corporate banking Advisory services, with focus on providing access to capital markets and corporate finance Transaction banking services (trade finance, factoring, leasing) Commercial real estate business Focus on banks that operate in the core markets Any bank exposure is only held for liquidity or balance sheet management reasons or to support client business Developing innovative financial health propositions Driving efficiency through digitisation Providing everyone with access to financial expertise and financial advice Expanding through organic and inorganic growth Building a distinctive brand identity
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Page Gross retail loans 33 Retail deposits Gross corporate loans Corporate deposits Commanding market shares across the CEE region APPENDIX: MARKET SHARES 21.4% 26.8% 24.5% 17.0% 11.5% 15.4% 6.9% 21.8% 26.9% 24.6% 16.7% 11.6% 16.2% 6.7% 27.0% 24.7% 17.1% 11.6% 16.2% 6.9% AT CZ SK RO HU HR RS 30/06/24 31/03/25 30/06/25 24.4% 24.3% 26.9% 12.6% 10.3% 14.9% 5.7% 24.7% 24.3% 27.3% 12.4% 10.4% 15.0% 5.5% 24.3% 27.4% 12.5% 10.7% 15.1% 5.4% AT CZ SK RO HU HR RS 24.4% 22.6% 20.4% 12.5% 6.5% 23.4% 7.4% 24.7% 22.5% 19.8% 11.8% 6.2% 21.7% 7.4% 22.7% 20.4% 11.9% 6.2% 22.0% 7.7% AT CZ SK RO HU HR RS 22.4% 14.8% 17.8% 11.2% 7.4% 19.6% 7.6% 22.8% 14.2% 16.9% 11.6% 7.2% 21.1% 7.3% 14.9% 16.6% 10.8% 7.2% 21.3% 7.2% AT CZ SK RO HU HR RS 30/06/24 31/03/25 30/06/25 Market shares for Austria are not yet available as of 30/06/2025
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Page 34 Strong track record of profitability APPENDIX: ERSTE GROUP FINANCIALS/PROFIT AND LOSS ACCOUNT in EUR million 1-6 24 1-6 25 YOY-Δ Q2 24 Q1 25 Q2 25 YOY-Δ QOQ-Δ Net interest income 3,687.5 3,786.4 2.7% 1,835.0 1,872.1 1,914.4 4.3% 2.3% Interest income 7,850.7 7,037.4 -10.4% 3,884.7 3,548.8 3,488.6 -10.2% -1.7% Other similar income 2,036.9 1,497.1 -26.5% 956.4 769.6 727.6 -23.9% -5.5% Interest expenses -3,934.2 -3,264.0 -17.0% -1,952.5 -1,674.7 -1,589.3 -18.6% -5.1% Other similar expenses -2,265.9 -1,484.2 -34.5% -1,053.6 -771.6 -712.6 -32.4% -7.6% Net fee and commission income 1,422.9 1,541.7 8.3% 710.7 780.0 761.7 7.2% -2.4% Fee and commission income 1,668.2 1,838.5 10.2% 832.2 917.9 920.6 10.6% 0.3% Fee and commission expenses -245.3 -296.9 21.0% -121.5 -137.9 -158.9 30.8% 15.2% Dividend income 27.8 28.8 3.6% 24.2 3.1 25.7 6.2% >100.0% Net trading result 137.2 140.8 2.7% 30.7 46.8 94.0 >100.0% >100.0% Gains/losses from financial instruments measured at fair value through profit or loss 111.1 59.5 -46.4% 78.1 50.0 9.5 -87.8% -80.9% Net result from equity method investments 11.6 23.5 >100.0% 8.1 7.4 16.1 97.9% >100.0% Rental income from investment properties & other operating leases 123.5 87.8 -29.0% 46.9 43.1 44.7 -4.6% 3.8% Personnel expenses -1,533.5 -1,624.4 5.9% -787.1 -794.4 -830.0 5.5% 4.5% Other administrative expenses -744.6 -807.8 8.5% -342.7 -414.5 -393.3 14.8% -5.1% Depreciation and amortisation -269.6 -273.6 1.5% -135.5 -135.6 -138.0 1.9% 1.8% Gains/losses from derecognition of financial assets measured at amortised cost -2.1 -13.1 >100.0% 0.0 -5.7 -7.4 n/a 28.9% Other gains/losses from derecognition of financial instruments not measured at fair value through profit or loss 0.4 -1.8 n/a 1.5 -0.4 -1.4 n/a >100.0% Impairment result from financial instruments -125.9 -182.0 44.6% -31.0 -85.4 -96.6 >100.0% 13.1% Other operating result -254.3 -182.9 -28.1% -130.9 -183.9 1.0 n/a n/a Levies on banking activities -134.3 -197.0 46.7% -48.3 -121.3 -75.7 56.8% -37.6% Pre-tax result from continuing operations 2,591.9 2,582.9 -0.4% 1,308.0 1,182.4 1,400.4 7.1% 18.4% Taxes on income -531.3 -529.5 -0.4% -274.6 -242.4 -287.1 4.6% 18.4% Net result for the period 2,060.6 2,053.4 -0.4% 1,033.5 940.0 1,113.3 7.7% 18.4% Net result attributable to non-controlling interests 431.1 388.7 -9.8% 187.3 196.7 192.0 2.5% -2.4% Net result attributable to owners of the parent 1,629.5 1,664.7 2.2% 846.2 743.3 921.4 8.9% 24.0% Operating income 5,521.6 5,668.4 2.7% 2,733.7 2,802.3 2,866.1 4.8% 2.3% Operating expenses -2,547.8 -2,705.8 6.2% -1,265.3 -1,344.5 -1,361.3 7.6% 1.2% Operating result 2,973.8 2,962.6 -0.4% 1,468.4 1,457.8 1,504.8 2.5% 3.2% Year-to-date view Quarterly view
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Page 35 Strong balance sheet dominated by customer loans APPENDIX: ERSTE GROUP FINANCIALS/BALANCE SHEET/ASSETS in EUR million Jun 24 Sep 24 Dec 24 Mar 25 Jun 25 YOY-Δ YTD-Δ QOQ-Δ Cash and cash balances 26,231 23,972 25,129 23,940 27,652 5.4% 10.0% 15.5% Financial assets held for trading 7,525 10,645 11,463 10,811 8,688 15.5% -24.2% -19.6% Derivatives 1,048 1,103 1,226 1,032 1,230 17.4% 0.3% 19.1% Other financial assets held for trading 6,478 9,542 10,236 9,779 7,459 15.1% -27.1% -23.7% Non-trading financial assets at fair value through profit and loss 3,029 3,084 3,040 3,108 3,171 4.7% 4.3% 2.0% Equity instruments 488 521 464 453 474 -3.0% 2.0% 4.6% Debt securities 1,458 1,435 1,468 1,485 1,479 1.4% 0.7% -0.4% Loans and advances to banks 0 0 0 0 0 n/a n/a n/a Loans and advances to customers 1,082 1,129 1,108 1,171 1,218 12.6% 10.0% 4.1% Financial assets at fair value through other comprehensive income 8,724 9,149 9,498 9,811 9,870 13.1% 3.9% 0.6% Equity instruments 99 100 109 111 104 5.0% -5.2% -6.5% Debt securities 8,625 9,050 9,388 9,700 9,767 13.2% 4.0% 0.7% Financial assets at amortised cost 283,403 284,698 288,894 294,303 295,280 4.2% 2.2% 0.3% Debt securities 45,966 46,696 52,889 56,596 57,937 26.0% 9.5% 2.4% Loans and advances to banks 34,966 33,212 26,972 26,770 22,818 -34.7% -15.4% -14.8% Loans and advances to customers 202,471 204,790 209,034 210,938 214,526 6.0% 2.6% 1.7% Finance lease receivables 5,198 5,218 5,248 5,259 5,328 2.5% 1.5% 1.3% Hedge accounting derivatives 168 185 181 190 205 21.9% 13.3% 7.8% Fair value changes of hedged items in portfolio hedge of interest rate risk -26 -16 -19 -31 -25 -5.0% 28.4% -21.1% Property and equipment 2,658 2,612 2,754 2,742 2,749 3.5% -0.2% 0.3% Investment properties 1,544 1,513 1,678 1,734 1,823 18.1% 8.7% 5.1% Intangible assets 1,282 1,277 1,382 1,366 1,387 8.2% 0.3% 1.5% Investments in associates and joint ventures 273 272 280 291 390 43.0% 39.2% 34.1% Current tax assets 64 63 45 67 67 3.8% 48.0% 0.3% Deferred tax assets 399 341 266 239 212 -46.9% -20.3% -11.3% Assets held for sale 25 151 154 157 254 >100.0% 65.2% 61.9% Trade and other receivables 2,525 2,325 2,677 2,702 2,910 15.3% 8.7% 7.7% Other assets 1,120 1,040 1,066 1,314 1,109 -1.0% 4.0% -15.6% Total assets 344,141 346,529 353,736 358,003 361,072 4.9% 2.1% 0.9% Quarterly data Change
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Page 36 Liabilities dominated by retail deposits APPENDIX: ERSTE GROUP FINANCIALS/BALANCE SHEET/ EQUITY AND LIABILITIES in EUR million Jun 24 Sep 24 Dec 24 Mar 25 Jun 25 YOY-Δ YTD-Δ QOQ-Δ Financial liabilities held for trading 2,003 1,770 1,821 2,094 2,729 36.2% 49.8% 30.3% Derivatives 1,211 1,015 1,149 1,152 1,384 14.3% 20.5% 20.1% Other financial liabilities held for trading 793 755 672 942 1,345 69.7% >100.0% 42.8% Financial liabilities at fair value through profit or loss 10,561 10,478 10,281 10,209 10,199 -3.4% -0.8% -0.1% Deposits from customers 107 96 115 124 158 47.3% 36.9% 27.3% Debt securities issued 10,321 10,255 10,030 9,945 9,911 -4.0% -1.2% -0.3% Other financial liabilities 133 128 136 139 131 -1.6% -3.8% -6.3% Financial liabilities at amortised cost 297,006 298,596 305,332 307,952 309,614 4.2% 1.4% 0.5% Deposits from banks 17,484 16,889 21,261 16,588 15,368 -12.1% -27.7% -7.4% Deposits from customers 240,130 239,638 241,535 246,025 248,341 3.4% 2.8% 0.9% Debt securities issued 37,596 41,011 41,859 44,348 44,898 19.4% 7.3% 1.2% Other financial liabilities 1,795 1,058 676 991 1,007 -43.9% 48.9% 1.6% Lease liabilities 691 707 691 700 708 2.5% 2.4% 1.1% Hedge accounting derivatives 221 224 194 188 188 -14.9% -3.0% 0.3% Fair value changes of hedged items in portfolio hedge of interest rate risk 0 0 0 0 0 0.0% 0.0% 0.0% Provisions 1,595 1,607 1,626 1,677 1,622 1.7% -0.2% -3.3% Current tax liabilities 292 287 241 314 310 6.0% 28.6% -1.2% Deferred tax liabilities 23 16 31 35 42 81.5% 32.7% 18.9% Liabilities associated with assets held for sale 0 8 93 89 114 n/a 22.3% 28.5% Other liabilities 2,776 2,725 2,658 2,920 2,944 6.0% 10.8% 0.8% Total equity 28,973 30,112 30,767 31,826 32,603 12.5% 6.0% 2.4% Equity attributable to non-controlling interests 7,238 7,459 7,633 7,832 7,956 9.9% 4.2% 1.6% Additional equity instruments 2,688 2,688 2,688 2,688 3,682 37.0% 37.0% 37.0% Equity attributable to owners of the parent 19,047 19,965 20,447 21,306 20,965 10.1% 2.5% -1.6% Subscribed capital 842 827 821 821 821 -2.5% 0.0% 0.0% Additional paid-in capital 1,495 1,511 1,516 1,516 1,516 1.4% 0.0% 0.0% Retained earnings and other reserves 16,709 17,627 18,110 18,969 18,627 11.5% 2.9% -1.8% Total liabilities and equity 344,141 346,529 353,736 358,003 361,072 4.9% 2.1% 0.9% Quarterly data Change
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Page 37 Capital requirements for 2025 slightly up on higher buffers APPENDIX: REGULATORY CAPITAL POSITION/REQUIREMENT (SREP – SUPERVISORY REVIEW AND EVALUATION PROCESS) Buffer to MDA restriction as of 30 Jun 2025: 593 bps Available distributable items (ADI) as of 30 Jun 2025: EUR 7.7bn (post dividend for the fiscal year 2025); based on CRR II, which allows additional own funds components to be included, ADIs are at EUR 10.2bn 1. Planned values based on Q2 2025 exposure. 2. As of end of May 2021 Art. 70b (7) ABA applies using P2R according to the capital stack: 56.25% for CET1 capital and 75% for Tier 1 capital. The overall P2R increased from 1.90% to 2.00% as of 1.1.2025. 3. Consolidated capital ratios pursuant to IFRS on phased-in basis. Unconsolidated capital ratios pursuant to IFRS as of Mar 2025. ADIs pursuant to Austrian Commercial Code (UGB). 4. Implemented as of 1.7.2025. YE 25 estimate based on Q2 25 exposure. 2023 2024 Q2 2025 YE 2025 2023 2024 Q2 2025 YE 2025 Pillar 1 CET1 requirement 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% Combined buffer requirement 5.46% 5.63% 5.89% 6.03% 5.31% 5.32% 5.33% 5.46% Capital conservation buffer (CCB) 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% Countercyclical capital buffer (CCyB) 1) 0.71% 0.63% 0.64% 0.68% 0.56% 0.57% 0.58% 0.69% OSII buffer 1.25% 1.50% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% Systemic risk buffer (SRB) 1.00% 1.00% 1.00% 1.00% 0.50% 0.50% 0.50% 0.50% sectoral Systemic risk buffer for CRE (sSRB)4) 0.10% 0.02% Pillar 2 CET1 requirement (P2R) 2) 0.98% 1.07% 1.13% 1.13% 0.98% 1.07% 1.13% 1.13% Pillar 2 CET1 guidance (P2G) 1.00% 1.00% 1.00% 1.00% 0.00% 1.00% 1.00% 1.00% Regulatory minimum ratios excluding P2G CET1 requirement 10.95% 11.19% 11.51% 11.65% 10.80% 10.89% 10.95% 11.08% Regulatory minimum ratios including P2G CET1 requirement 11.95% 12.19% 12.51% 12.65% 10.80% 11.89% 11.95% 12.08% Reported CET1 ratio as of June 2025 17.45% 22.75% 3) Erste Group Consolidated Erste Group Unconsolidated
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Page & local subsidiaries & local subsidiaries & local subsidiaries & local subsidiaries & local subsidiaries 38 MREL compliance at point of entry level (bail-in) APPENDIX: MULTIPLE POINT OF ENTRY (MPE) RESOLUTION STRATEGY & Savings Banks + other subs Erste Group Bank AG Resolution Groups * Česká spořitelna Slovenská sporiteľňa Erste Bank Hungary Banca Comercială Română Erste Bank Croatia Erste Group follows an MPE resolution strategy with each resolution group issuing its external MREL debt 100% 69.3%** 100% 99.9% 100% * Through indirect participation of Erste Group Bank AG (Holding) in Banka Sparkasse d.d., Slovenia: defined as a separate MPE resolution group from Q2 24 (previously part of the Austrian resolution group) and subject to an MREL requirement from 1.7.2025 ** Erste Bank Croatia: direct stake of 59%; indirect stake through Steiermärkische Sparkasse
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Page MREL capacity based on TREA (RWA)* Key take-aways Erste Group adopted multiple point of entry (MPE) resolution approach − In Q2 25, Erste Group Bank AG received its MREL requirement calibrated on 31 Dec 2023 balance sheet data − From 6 May 2025, Erste Group Bank AG, as the resolution entity of the Austrian resolution group, must comply with a MREL requirement of 28.52% of TREA (excl. CBR) and 9.85% of Leverage Ratio Exposure (LRE). In addition, the subordination requirement is set at 13.50% (excl. CBR) of TREA and 6.28% of LRE, respectively. − As of Q2 25 the Combined Buffer Requirement (CBR) of the Austrian Resolution Group is 5.57% of TREA − Based on the Austrian resolution group’s RWAs as of June 2025 of approx. EUR 92.1bn, the current MREL ratio stands at 43.63%, thereof 31.77% being subordinated eligible liabilities. As of Q2 25 the AT resolution group is compliant with the MREL and subordination requirements (TREA and LRE- based) to be fulfilled from 6 May 2025 − Potential changes in the MREL requirement will be reflected in Erste Group Bank AG’s funding plan as to ensure compliance with MREL & subordination targets 39 Austrian resolution group: MREL requirement based on RWA fulfilled APPENDIX: DETAILS ON AUSTRIAN RESOLUTION GROUP 4.00% 3.78% 23.52% 0.47% 11.86% Jun 25 CET1 AT1 T2 Other subordinated > 1yr Other Senior Unsec > 1yr Fully-loaded MREL target** from 6.5.2025: 34.09% Subordination target** from 6.5.2025: 19.07% 43.63% in % * TREA… total risk exposure amount ** Target including the Combined Buffer Requirement (CBR)
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Page MPE resolution groups MREL issuance plan (by year-end 2025) 40 Multiple point of entry (MPE) resolution strategy − 7 MPE resolution groups − 4 (AT, SK, HR; SI*) covered by the Single Resolution Board − 3 (CZ, RO, HU) covered by the respective National Resolution Authority Features of the Austrian resolution group − Covers parent company (Holding), EBOe and savings banks − Not considered a legal entity or reporting unit, hence there is neither a statutory reporting nor a capital requirement More than EUR 5.0bn MREL-related CEE issuances placed in domestic and euro markets in 2023, 2024 and 2025 − Holding: ~EUR 5.5bn PS (thereof latest EUR 750m PS benchmarks in Jan and Mar 25) − CZ: ~EUR 2.0bn, thereof 4 international EUR 500m NPS (Q2 23, Q3 23, Q1 24 and Q3 24) − SK: ~EUR 1.0bn PS (several domestic & international issues, latest sub-benchmark EUR 300m in Q4 23) − RO: ~EUR 1.0bn, thereof 1 domestic RON 1.0bn NPS and 1 EUR 700m NPS benchmark (Q2 23) − HU: ~EUR 0.6bn PS (domestic issues) − HR: ~EUR 0.5bn PS (thereof 1 domestic EUR 90m and 1 sub-benchmark EUR 400m in Q1 24) MREL issuance progresses to plan APPENDIX: MULTIPLE POINT OF ENTRY (MPE) RESOLUTION STRATEGY 27 24 16 13 29 11 13 7 6 AT CZ SK RO HR HU 207 92 84 Total assets Total RWA ~1,000 – 2,000 Holding CZ SK RO HR HU ~350-500 ~250-350 ~50-150 ~0-150 ~250-350 in EUR bn, as of Jun 2025 in EUR m *) SI: indirect participation of Erste Group Bank AG AG (Holding) and until YE 2023 part of the Austrian resolution group; formally defined as an MPE resolution group from Q2 24 and subject to an MREL requirement as of 1.7.2025
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Page Gross customer loans by industry 41 By currency By business segment By interest rate By risk category Erste Group benefits from a highly diversified loan book APPENDIX: GROSS CUSTOMER LOANS BY RISK CATEGORY, CURRENCY AND INDUSTRY 5.8 7.3 5.9 5.7 7.2 8.5 8.4 8.6 8.4 42.5 92.7 31/12/24 0.0 4.4 4.4 3.2 0.1 4.8 9.3 5.9 7.7 5.8 6.0 7.4 8.7 3.9 9.3 8.7 9.5 42.9 7.7 30/06/25 222.2 228.2 3.6 96.3 Other Machinery Financial institutions TMT Transportation Energy Automotive Cyclical consumer products Non-cyclical consumer products Construction and building materials Public sector Healthcare & services Hotels & leisure industry Natural resources & commodities Real estate Private households 74% 74% 22% 23%1% 1% 1% 1%2% 31/12/24 2% 30/06/25 Other CHF USD CEE-LCY EUR 79% 79% 15% 15% 3% 3%4% 31/12/24 4% 30/06/25 Non-performing Substandard Management attention Low risk 56% 55% 44% 45% 31/12/24 30/06/25 Fixed Variable 35% 36% 37% 37% 27% 27% 0% 31/12/24 0% 30/06/25 Other Savings banks Corporate Retail in EUR bn
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Page Sound lending standards − Income producing projects (>80%) − Ring-fenced, A-class buildings in prime locations with risk-mitigating structures − Highly collateralised business with conservative valuation approach (application of valuation haircuts) and LTVs in the 50 -60% range Diversified strong portfolio with some market-specific headwinds in Austria − ~ 40% of exposure is related to AT-focused residential real estate (RRE) with a high share of low risk, state-subsidised non-profit housing associations (NPHAs) − Commercial real estate (CRE) is well-diversified and performs well, heavily weighted towards lower risk economies, such as AT and CZ − CRE yields stabilised, improvement in office vacancy rates across various home markets − Other real estate relates to RE management services and small RRE and CRE projects, typically in the minority -owned savings banks (>65%) 42 Real estate gross exposure as of Q2 25 (EUR 51.6bn) (Asset location view, in EUR bn) Real estate snapshot APPENDIX: CREDIT RISK/EXPOSURE HIGHLIGHT: REAL ESTATE (RE) 5.8 1.8 4.3 7.1 AT/EBOe + Holding AT/SB CZ SK RO HU HR PL DE Other 14.5 15.3 5.7 2.0 1.8 1.4 1.5 1.7 1.3 6.3 Other categories Tourism Retail Office Logistic/Industrial RRE RRE- NPHANon-profit housing associations with top asset quality track record Income-producing residential exposures with conservative risk profile and high collateralisation ~30% of total exposure belongs to minority-owned savings banks
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Page Financial assets – geographic view in EUR bn Financial assets – accounting view 43 AC by issuer and currency Financial assets are geographically well-diversified − Main rationale is maintenance of strong levels of highly liquid assets − Focus on Erste Group core markets − Largest exposure is to Czech sovereign Amortised cost portfolio as at Q2 25 − Amounts to EUR 57.9bn or 83% of total financial assets − Portfolio duration: 4.0 years − Portfolio yield: 2.9% − Rolling maturities are re-invested at higher yields − Focus on euro driven by investments in core markets (AT, SK) as well as other euro zone exposures − Focus on strong ratings: ~80% A or higher, ~19% BBB Financial asset portfolio contributes to net interest income APPENDIX: FINANCIAL ASSET DRILL-DOWN 12.5 30/06/24 11.2 16.5 7.3 6.6 3.7 2.4 3.1 8.7 31/03/25 11.6 17.0 7.4 6.7 3.7 15.2 2.2 6.4 3.0 6.3 17.9 30/06/25 3.5 17.5 1.2 56.5 68.2 69.6 2.7 +23.2% AT CZ RO SK HU US DE Other 14% 83% 3% EUR 69.6 bn FVPL FVOCI Amortised cost 57%25% 6% 6% 4% 1% EUR CZK RON HUF RSD USD Other EUR 57.9 bn 83% 14% 3% EUR 57.9 bn GOVT BANK CORP
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Page APPENDIX: ESG PROFILE (1)/ESG STRATEGY OF ERSTE GROUP 44 Erste Group’s sustainability strategy is centered on two main pillars GREEN TRANSITION • Our goal is to achieve net zero status for our portfolio by 2050, adhering to sector-specific decarbonisation pathways for high-emission sectors. • We will continue to maintain our strong role in sustainable financing across CEE by supporting climate action and adaptation initiatives. Our targets include achieving 25% sustainable corporate financing by 2026 and 15% sustainable retail mortgages by 2027. • We aim to achieve net zero status for our banking operations by 2030. SOCIAL INCLUSION • We enhance financial inclusion through our social banking initiatives, fostering community cohesion by providing EUR 1bn in social banking financing by 2030 and creating 200,000 jobs. • We empower our customers by improving their financial health and literacy. • We promote diversity, with a focus on gender diversity, aiming to increase the share of women in board positions to 30% by 2028. Strong ESG ratings AA (6.0)2024 Low Risk 16.0 / 100 C “Prime” 55.69 B+ 2025 AA (5.9) Low Risk 16.0 / 100 C “Prime” 55.7 B
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Page 45 Portfolio towards our environmental targets APPENDIX: ESG PROFILE (2)/ENVIRONMENT – NET-ZERO TARGET SETTING 1) as defined in Erste Group’s Sustainable Finance Guideline 2) volume represents the Carbon Footprint Calculation on-balance exposure as of that is in scope of the decarbonisation targets (incl. savings banks) Volume 2) as of Jun 25 Sector Metric Methodology Scenario/ pathway Emissions scope Year Value 2030 reduction in EUR bn Mortgages kgCO2e/m² SBTiSDA IEA B2DS 1+2 2022 48.7 27.1 -44% Commercial real estate kgCO2e/m² SBTiSDA IEA B2DS 1+2 2022 45.9 22.2 -52% Electricity production kgCO2e/MWh PACTA IEA NZE2050 1+2 2022 357.1 182.7 -49% Heat & steam production thousand tCO2e SBTiAC IEA NZE2050 1+2 2022 1,614.3 924.0 -43% Oil and gas extraction thousand tCO2e PACTA IEA NZE2050 1+2+3 2023 1,020.4 923.7 -9% Automotive production gCO2e/km PACTA IEA NZE2050 1+2+3 2023 169.8 103.6 -39% Iron and steel production tCO2e/t steel PACTA IEA NZE2050 1+2 2023 1.5 1.1 -24% Cement production 1) tCO2e/t cement SBTiSDA IEA NZE2050 1+2 2023 0.6 0.5 -19% 1.0 Baseline Targets incl. savings banks segment 116.3 4.3 Sustainable finance corporate New specific purpose Sustainable Financing1 Committed amount (total), June 2025 in EUR m Construction and real estate 1,280 Renewable energy 286 Transportation 32 Other Corporate 459 Total 2,057 Financed emissions Scope 3, financed emissions, covering EUR 193.1bn exposure 237 gCO2e/€ financing low emission intensity 13.7 million tonnes of CO2e total financed emissions Scope 1 and 2 and biogenic 32.0 million tonnes of CO2e total financed emissions Scope 3 Portfolio net-zero target setting
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Page By investor By region 46 Notes to shareholder structure − Foundations include Erste Employees Private Foundation, Syndicated Savings Banks Foundations, own holdings of Savings Banks − Identified Trading includes market makers, prime brokerage, proprietary trading, collateral and stock lending positions which are visible throug h custodian bank lists − Unidentified include unidentified institutional and retail investors − The shareholder structure may contain rounding differences Erste Group benefits from strong and well-diversified shareholder base APPENDIX. SHAREHOLDER STRUCTURE 5.98% 12.59% 3.60% 4.27% 6.32% 61.18% 4.59% 0.23% 1.24% 33.06% 30.92% 16.04% 16.14% 2.37% 0.23% 1.24% Austria North America UK & Ireland Continental Europe Rest of world Identified Trading Unidentified Status as of 30 June 2025 Erste Foundation direct Sparkassen Beteiligungs GmbH & Co KG Foundations Wiener Städtische Versicherungsverein Retail Institutional BlackRock Inc. Identified Trading Unidentified
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Page 47 Erste Group Bank AG boasts strong issuer ratings APPENDIX: CREDIT RATINGS Status as of 29 November 2024 Asset Risk baa1 Capital baa1 Profitability baa3 Funding Structure a2 Liquid Resources baa1 Business Diversification 0 Opacity and Complexity 0 Corporate Behaviour 0 BCA Baseline Credit Assessment baa1 Affiliate Support 0 Adjusted BCA baa1 LGF Loss Given Failure + 2 Government Support +1 Qualitative Factors Financial Profile + + = Senior Unsecured Lo ng-T erm / Outlo o k / Sho rt-T erm A1 / Stable / P-1 = + = A / Stable / F1 VR - Viability Rating (Individual Rating ) a SRF - Support Rating Floor NF (No Floor) IDR - Issuer Default Rating Lo ng-T erm / Outlo o k / Sho rt-T erm Anchor Business position Strong +1 Capital and earnings Strong +1 Risk position Adequate 0 Funding Strong Liquidity Strong -1 Support ALAC Support GRE Support Group Support Sovereign Support Additional Factors SACP - Stand-Alone Credit Profile a +1 0 + bbb+ +1 ▲ ▲ +1 CRA adjustment = Issuer Credit Rating Lo ng-T erm / Outlo o k / Sho rt-T erm A+ / Positive / A-1 0 0 0 +
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Page 48 Geographical/operating and business segment view APPENDIX: SEGMENT REPORTING STRUCTURE Erste Group – Geographical/operating segments Austria Central and Eastern Europe Other EBOe & Subsidiaries (AT/EBOe) Savings Banks (AT/SB) Other Austria (AT/OA) Czech Republic (CZ) Slovakia (SK) Romania (RO Hungary (HU) Croatia (HR) Serbia (RS) − Holding Business − Erste Group Immorent − Erste Asset Management − Intermarket Bank AG − Holding ALM − Holding CC − Other Subsidiaries − Group bookings and IC elimination − Free Capital Retail Erste Group – Business segments Corporates Savings Banks Group Markets Group Corporate Center − Intragroup − Elimination − Asset/Liability Management − Local Corporate Center − SME − Large Corporate − Commercial Real Estate − Public Sector − Other Subsidiaries − Group bookings − Holding Corporate Center − Free Capital ALM & Local CC (ALM&LCC)
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Page IR Team Role Phone Email Catherina Frass IR Assistant +4350100 17731 catherina.frass@erstegroup.com Gerald Krames IR Manager +4350100 12751 gerald.krames@erstegroup.com Peter Makray IR Manager +4350100 16878 peter.makray@erstegroup.com Alexandra Negrin IR Assistant +4350100 17741 alexandra.negrin@erstegroup.com Monika Peraus IR Analyst +4350100 11282 monika.peraus@erstegroup.com Simone Pilz IR Manager +4350100 13036 simone.pilz@erstegroup.com Thomas Sommerauer Head of Group IR +4350100 17326 thomas.sommerauer@erstegroup.com 49 Erste Group IR contact details APPENDIX: INVESTOR RELATIONS CONTACTS AND SHARE INFO Further contact details Postal address Erste Group Bank AG, Am Belvedere 1, 1100 Vienna General email investor.relations@erstegroup.com Web address http://www.erstegroup.com/investorrelations ISIN, Bloomberg and Reuters codes AT0000652011, EBS AV, ERST.VI