Slides
Page 1
Consolidated unaudited results as of 30 September 2025 KomerčníbankaGroup Prague, 30 October 2025
Page 2
2 Disclaimer This document contains a number of forward-looking statements relating to the targets and strategies of the Komerční banka Group. These statements are based on a series of assumptions, both general and specific. As a result, there is a risk that these projections will not be met. Readers are therefore advised not to rely on these figures more than is justified as the Group’s future results are liable to be affected by a number of factors and may therefore differ from current estimates. Readers are advised to take into account factors of uncertainty and risk when basing their investment decisions on information provided in this document. Results and ratios in this presentation are as of 30 September 2025, unless stated otherwise. Komerční banka, a.s., public limited company with registered office: Prague 1, Na Příkopě 33/ 969; identification number: 45 31 70 54; registered in the Commercial Register maintained by the Municipal Court in Prague, Section B, file 1360 KB Group results as of 30 September 2025
Page 3
3 Agenda KB Group results as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story KB transformation story Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk Capital and dividends Capital and dividends Outlook for 2025 Outlook for 2025 Appendix Appendix
Page 4
Income statement 9M 2025 Group net income CZK 13.6 billion +8.3% YoY (recurring* +35.1% YoY) CZK 71.93 per share Cost / Income ratio 46.4% (46.1% IFRIC 21 linearised) ROE 14.5% (14.6% IFRIC 21 linearised) KB in 9 months of 2025: Growth in revenues amid declining operating costs, excellent asset quality Other highlights Successful acquisition of new clients and migration of retail clients from legacy systems to KB+ new digital bank. As of 30 Sep 2025, 1,460,000 customers enrolled in KB+, of which 283,000 new customers As of 25 September, Cécile Bartenieff has become member and chairperson of the Supervisory Board Further renewal of the senior management team. Etienne Loulergue to become KB’s Chief Financial Officer from 15 December 2025 KB ranked #1 in Czechia in Euromoney’s Cash Management Survey 2025 Highlights of 9M & 3Q 2025 KB Group results as of 30 September 2025 Balance sheet & Capital Total capital ratio Core Tier 1 18.4% 17.6% Loan/Deposit ratio LCR NSFR 82.0% (excluding repo) 144% 131% Business performance Gross loans (outstanding volume) +3.6% YoY +1.0% QoQ Housing loan sales in 9M +48.2% YoY Deposits +0.1% YoY +2.6% QoQ Current account volumes +3.2% YoY Other assets under management +6.6% YoY +0.7% QoQ Mutual funds +9.6% YoY Q3 2025 Group net income CZK 4.8 billion -22.9% YoY (recurring* +28.6% YoY) CZK 25.28 per share Cost / Income ratio 43.4% (44.4% IFRIC 21 linearised) ROE 15.9% (15.6% IFRIC 21 linearised) 4 * Excluding one-off gain from sale of HQ building in 3Q 2024
Page 5
5 Agenda KB Group results as of 30 September 2025 Highlights as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk Capital and dividends Capital and dividends Outlook for 2025 Outlook for 2025 Appendix Appendix
Page 6
Distinct features of KB’s new digital bank proposition with KB+ application KB Transformation KB Group results as of 30 September 2025 6 ▪ Net Promoter Score at 38 (September, clients using KB+ 6 months and more) ▪ No. 1 most downloaded banking app in the Czech Republic in Apple’s App Store and Google Play ▪ Rated 4.3 in App Store, 4.5 in Google Play ▪ 99.8% vital process availability for KB+ customers Limited edition payment cards with unique design ▪ Significant simplification of products and processes including single navigation environmentin mobile app, desktop for clients as well as in dashboards for relationship managers ▪ Full functionality of the application for new clients authorized via BankID identity in digital onboarding within 10 minutes ▪ One multicurrency current account for up to 15 currencies comprising (depending on subscription plan): ▪ Instant outgoing and incoming payments (CZK wire transfers), virtual payment cards ▪ Instant currency exchange with preferential rates for premium subscribers ▪ Term and savings deposits with dedication envelopes and preferential rates for premium subscribers, building savings ▪ Domestic and international ATM withdrawals and deposits free -of-charge ▪ Travel and injury insurance, insurance of personal belongings and payment cards ▪ Chat and videocall button in the app, Ruby virtual assistant ▪ Debit and credit cards, overdraft, mortgages, consumer loan, loan consolidation ▪ Pension savings, mutual funds investment contracts ▪ Periodic cash-flow reviews and outlook ▪ To arrive in 2026: online brokerage
Page 7
Successful digitalisation path KB Group results as of 30 September 2025 7 Digital sales in KB+ 40% 58% 58% 36% 33% 100%12% 48% 41% 38% 63% 65% Consumer loan 1% Personal account packages 4% Insurance 1% Saving and term accounts 1% Overdraft 0%0% Investment contracts End-to-end digital (self-service) Partially digital Assisted 0 10 20 30 40 50 60 0 2,500 2,600 2,700 2,800 2,900 3,000 3,100 16.7% 2020 2,970 18.4% 2021 2,862 23.6% 2022 2,715 34.3% 2023 2,473 52.7% 2024 2,383 54.0% 1H2025 3,080 Number of FTEs in distribution KB’s share of digital sales KB+ launch Productivity of distribution network supported by rising share of digital sales KB Transformation Increasing number of client interactions with the bank in KB+ Logins to KB’s digital banking tools (mil.) 0 5 10 15 20 25 30 35 2022 2023 2024 2025 Legacy system KB+ 84% 16% 1% mobile banking other digital channels classical channel Predominant share of mobile banking transactions in KB+ Digital transactions in KB’s Fast switching of individual customers to KB+ (millions of KB individual customers) Jan-23 Jul-23 Jan-24 Jul-24 Jan-25 Jul-25 Jan-26 0.0 0.5 1.0 1.5 2.0 KB+ Individuals Total KB Individuals
Page 8
KB Group’s transformation: success stories of efficiency improvement and synergy enhancements KB Group results as of 30 September 2025 8 OneGroup ▪ Unifying marketing communication under the KB brand ▪ Simplifying the product portfolio, offering consistent solutions to customer needs ▪ Sharing the distribution networks. Expanding product and service offer of the Group network (KB Poradenství) ▪ Harmonising cooperation with third parties while deepening expertise ▪ Harmonising the IT environment, converging all subsidiaries to high KB’s technology standards, merging systems and applications ▪ Centralisation expert and support functions (including risk, compliance, legal, HR, finance, comms, sourcing, payroll, facility services) ▪ Bringing KB Group’s head office teams together from multiple locations into a state-of-the art office centre in Prague-Stodůlky Modrá pyramida ▪ Full responsibility for development, processing and administration of housing loans for KB Group ▪ New fully digital housing loans product factory merged two product lines in one while improving significantly efficiency of all housing-loan related processes, increasing processing capacity and shortening time-to-market SGEF Czech Republic and Slovakia ▪ Acquisition of the remaining stake in the domestic leader in asset-based corporate financing complementing the bank loan financing ▪ Unlocking potential for further operational and commercial synergies Upvest ▪ Online investment platform for debt and equity structuring and financing of real estate ▪ High standard of diligence and risk management for all investment opportunities brokered ▪ High sales efficiency underpinned by fully online onboarding of new clients based on BankID authentication. The volume of newly brokered financing increased 29-fold between 2020 and 2024 KB Transformation
Page 9
9 Agenda KB Group results as of 30 September 2025 Highlights as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story KB transformation story Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk Capital and dividends Capital and dividends Outlook for 2025 Outlook for 2025 Appendix Appendix
Page 10
Czech GDP development (% year-on-year) KB Group results as of 30 September 2025 10 Economy underpinned by domestic consumption GDP in 2Q 20251) up by 0.5% QoQ and up by 2.6% YoY. YoY growth supported by domestic demand, mainly household consumption Industrial production -4.2% YoY, construction output +17.1% YoY in August 2025 Wages in 2Q 2025 up +7.8% YoY nominal and +5.3% YoY real Unemployment rate at 3.2% in August 20252) Consumer price inflation at 2.3% YoY in September (-0.6% MoM). Core inflation at 2.8% YoY. HICP (Eurostat) at 2.0% YoY in September As of 30 September 2025, EUR/CZK at 24.34, CZK stronger by 1.7% QoQ and by 3.3% YoY; USD/CZK was at 20.73, CZK stronger by 1.9% QoQ and by 7.9% YoY CNB 2W repo rate at 3.5% (-50 bps Ytd) As of 30 September 2025, 3M PRIBOR was 3.51% (-41bps Ytd). 10Y IRS was at 4.17% (+36bps Ytd), 5Y IRS at 3.92% (+26bps Ytd) and 10Y CZGB at 4.56% (+34bps Ytd) Notes: Source of indicators Czech Statistical Office, CNB, unless stated otherwise. 1) According to final estimate of Czech Statistical Office from 30 September 2025 2) According to Eurostat, seasonally adjusted Czech Republic - economy -6 -4 -2 0 2 4 6 8 2021 2022 2023 2024 2025F 2026F 4.1 2.9 0.2 1.1 2.1 1.6 GDP Households Government Fixed investment Inventories Net export Others KB Economic Research Forecast Stagnating industrial production offset by dynamic construction (% year-on-year, working day adjusted) -10 -5 0 5 10 15 20 01/24 06/24 01/25 06/25 Industry Construction Construction - trend
Page 11
11 Agenda KB Group results as of 30 September 2025 Highlights as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story KB transformation story Macroeconomic environment Macroeconomic environment Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk Capital and dividends Capital and dividends Outlook for 2025 Outlook for 2025 Appendix Appendix
Page 12
KB Group results as of 30 September 2025 12 Gross loans to clients up 3.6% Net loans to deposits ratio at 82.0% Liquidity coverage ratio 144%. Net stable funding ratio 131% Development of additional consumer finance products in KB+ banking app New sales of housing loans in 9M25 up by 48.2% YoY. Quarterly sales in Q3 the highest since 2021 Business lending growth faster in working capital financing, while demand for investment lending affected by global economic uncertainty and increased corporate clients’ bond issuance Negative contribution from 3.3% YoY appreciation of CZK v. EUR represents 1.1% of total lending. Negative contribution from 1.7% QoQ appreciation of CZK v. EUR represents 0.4% of total lending. 13,675 14,000 12,448 13,192 18,787 21,700 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 +55.2% +15.5% Group lending (excl. repo, incl. client bonds) (CZK billion) Sales volume of housing loans (KB mortgages + MPSS loans) (CZK million) 418.6 424.9408.8 424.7 429.6 429.9 284.2 286.6281.6 287.3 291.7 299.3 39.1 4Q 2024 98.1 39.1 1Q 2025 98.7 39.5 2Q 2025 99.095.1 3Q 2025 38.6 2Q 2024 96.4 39.0 3Q 2024 97.6 824.1 838.2 848.3 849.3 859.5 868.0 39.8 +3.6% +1.0% Building saving loans Mortgages to individuals Consumer loans Business and other loans 2.7% 5.3% 2.0% 2.7% Group business and other loans (excl. repo, incl. client bonds) (CZK billion) 325.8 335.1 340.4 341.3 344.2 343.7 36.6 4Q 2024 47.9 35.5 1Q 2025 48.7 36.7 2Q 2025 49.747.9 3Q 2025 35.2 2Q 2024 48.3 35.2 3Q 2024 47.9 408.8 418.6 424.9 424.7 429.6 429.9 36.5 +2.7% +0.1% Small businesses (KB, ESSOX) KB corporates, ESSOX Wholesale, Factoring and other SGEF leasing 2.8% 2.6% 3.7% Loans to clients
Page 13
13KB Group results as of 30 September 2025 Tombstones Selected corporate deals 3Q 2025
Page 14
KB Group results as of 30 September 2025 14 Client deposits stable, other AUM up +6.6% Group deposits (excluding repo operations) (CZK billion) Non-deposit assets under management (CZK billion) 75.5 73.8 73.7 73.4 75.2 76.1 146.8 153.6 158.9 163.1 167.6 168.4 46.2 2Q 2024 46.4 3Q 2024 46.1 4Q 2024 46.5 1Q 2025 47.1 2Q 2025 47.4 3Q 2025 268.5 273.9 278.7 283.0 290.0 291.9 +6.6% +0.7% AUM in mutual funds KP Life insurance reserves (total savings) Client assets managed by KB Pension company 2.1% 3.1% Sales of mutual funds (CZK billion) 2.4 2.7 5.8 4.1 3.0 2.77.0 6.4 6.0 7.8 6.8 4.9 9.5 9.1 11.8 11.9 9.8 7.6 0.4 1.3 3.2 1.8 1.61.5 0.52.9 2Q 2024 2.8 3Q 2024 4Q 2024 2.6 1Q 2025 2.2 2Q 2025 1.0 3Q 2025 3.3 4.2 4.7 4.5 3.8 1.5 Fixed income funds Equity & other funds Gross Net 660.3 661.6 630.9 644.4 639.7 661.0 340.0 337.4 341.4 337.1 338.2 343.0 6.9 4Q 2024 48.6 8.9 1Q 2025 46.4 7.3 2Q 2025 45.150.8 3Q 2025 8.3 2Q 2024 50.4 8.3 3Q 2024 50.4 1,059.4 1,057.6 1,029.5 1,038.9 1,031.5 1,058.3 9.1 +0.1% +2.6% Building savings KB Individual deposits Business deposits Other deposits 475.8 476.9 340.5 454.2 436.9 458.1 577.6 574.6 682.3 577.7 587.9 593.1 5.9 2Q 2024 6.1 3Q 2024 6.7 4Q 2024 7.1 1Q 2025 6.7 2Q 2025 7.1 3Q 2025 1,059.4 1,057.6 1,029.5 1,038.9 1,031.5 1,058.3 +0.1% +2.6% Current accounts Term and savings accounts Other payables to customers Deposits and other AUM -10.4% 1.7% -0.1% 3.2% -3.9% 9.6%
Page 15
15 Agenda KB Group results as of 30 September 2025 Highlights as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story KB transformation story Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Asset quality and cost of risk Asset quality and cost of risk Capital and dividends Capital and dividends Outlook for 2025 Outlook for 2025 Appendix Appendix
Page 16
KB Group results as of 30 September 2025 16 Dynamic net profit growth despite material one-off gain in the comparative base Development of quarterly net profit… (CZK million) Drivers for year-on-year change in attributable net profit (as of 30 September 2025) … and its drivers (CZK million) Profit & Loss 3,540 3,713 4,705 4,186 4,623 4,775 2Q 2024 6,195 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 +28.6% +3.3% 8,724 1,649 10,059 496 529 328 -4,241 9,181 -4,371 9,135 9,039 9,322 -31 -4,257 -4,213 -4,107 -4,035-100 -40 -382 -812 -369 -931 -850 -817 -830 2Q 2024 -9 3Q 2024 -12 4Q 2024 1Q 2025 -21 2Q 2025 -10 3Q 2025 NBI OPEX w/o Regulatory funds Regulatory funds CoR Other 619 168 381 194 2,307 191 OPEX (w/o Regul. funds) CoR -314 Tax 13,584 Reported 9M 2025 Reported 9M 2024 12,539 -2,481 One- off in 9M 2024 Other* 10,057 Recurring 9M 2024 NII NFC -19 NPFO & other NBI Regul. funds +8.3% +35.1% *Other includes: Income from share of associated companies, Net profit/(loss) on subsidiaries and associates, Net profits on other assets and Profit attributable to the Non-controlling owners Reported profit attributable to the shareholders Recurring profit* Profitability indicators for 9M 2025 (annualised) Return on avg. equity (ROAE) Return on avg. Tier 1 capital (RoT1) Return on avg. tangible equity (ROTE) Return on avg. assets (ROAA) Reported 14.5% 18.2% 16.4% 1.1% Adj. for IFRIC 21* 14.6% 18.3% 16.5% 1.2% * Assuming linear accrual of regulatory funds charges over the whole year (IFRIC 21 linearisation) * Excluding one-off gain from sale of HQ building in 3Q 2024
Page 17
KB Group results as of 30 September 2025 17 Balance sheet down by 2.3% year-on-year Statement of financial position 125 130 124 13 13 12 1,319 1,175 1,246 11974 66 64 30 Sep 2024 92 66 62 31 Dec 2024 63 58 30 Sep 2025 1,660 1,536 1,622 -2.3% Amounts due to banks Amounts due to customers Securities issued Subordinated and senior non preferred debt Other liabilities Total equity 61.1% -5.5% -3.6% -3.4% -9.2% -0.6% Year-on-year 228 236 226 846 853 870 548 409 487 38 30 Sep 2024 38 31 Dec 2024 40 30 Sep 2025 1,660 1,536 1,622 -2.3% Amounts due/from banks incl. central bank Loans and advances to customers (net) Securities and trading derivatives Other assets Year-on-year -11.2% 2.8% -0.6% 3.9% Assets (CZK billion) Liabilities and Equity (CZK billion)
Page 18
KB Group results as of 30 September 2025 18 NIM marginally higher upon improved deposit mix, stable loan spreads Net interest income Average market rates on new CZK loans (%, until Aug/Sep 2025) 07/23 01/24 07/24 01/25 07/25 0 8 6 10 4 01/23 7.96 4.62 4.65 3.49 3.81 Consumer loans Mortgages Business loans 3M PRIBOR 5Y IRS 1.64% 1.64% 1.72% 1.71% 1.67% 1.68%1.71% 1.64% 1.74% 1.71% 1.70% 1.70% 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Quarter-to-date Year-to-date Net interest margin (%) Year-to-date (CZK million) Quarterly (CZK million) 7,569 7,839 8,433 8,781 1,300 1,388 9M 2024 1,296 1,393 9M 2025 18,691 19,310 +3.3% Other NII from deposits NII from loans NII from IB 0% 4% 4% 0% 2,570 2,524 2,602 2,583 2,578 2,678 2,739 2,987 3,107 2,868 2,950 2,964 464 4Q 2024 423 530 1Q 2025 449 428 2Q 2025 425447 3Q 2025 402 2Q 2024 360 386 3Q 2024 4146,158 6,256 6,587 6,404 6,404 6,501 435 +3.9% +1.5% NII from deposits – supported by higher share of current accounts on total deposits. Non-interest-bearing mandatory reserve requirement doubled (to 4%) from January NII from loans – overall lending spreads stable, except slightly declining consumer and large corporate loan spreads Other NII – dividend payout in late May, profit accrual, rates development
Page 19
KB Group results as of 30 September 2025 19 Fee income driven by cross-selling, services for corporates. Inflection in deposit product fees Transaction fees Financial trajectory driven by gradual migration of clients to KB+ new digital bank and inclusion of wire transfers in KB+ subscription plans. Total number of transactions up driven by card and other non-cash payments. In 2Q25, one-time settlement with a card association Deposit product fees Clients are moving to new KB+ offer and gradually upgrading to higher subscription plans within KB+. Lower fees for building savings accounts Loan fees Stable income from retail business loans and consumer loans. Lower housing loan, credit card and overdraft fees Fees from cross-selling Better income from mutual funds, insurance, card acquiring Specialised financial services and other fees Strong contribution from loan syndications and private banking mainly in 4Q24 and 1Q25. Positive trend also in DCM services, custody Net fees and commissions Year-to-date* (CZK million) Quarterly* (CZK million) 1,053 1,191 1,631 1,866 555 564 1,373 1,208 312 9M 2024 263 9M 2025 4,925 5,093 +3.4% -12% 2% -16% 14% 362 361 636 506 327 358 541 567 963 582 615 669 106 102 132 97 84 82182 180 188 185 191 478 455 470 394 440 373 2Q 2024 3Q 2024 165 4Q 2024 1Q 2025 2Q 2025 3Q 2025 1,669 1,665 2,366 1,768 1,652 1,673 +0.4% +1.3% 13% Transaction fees Deposit product fees Loan fees Fees from cross-selling Spec. fin. services & Other * Structure of fees and commissions adjusted in 2025 to better reflect the advances in transformation of retail banking.
Page 20
KB Group results as of 30 September 2025 20 Healthy FX flows despite softer hedging demand from stronger Koruna Net profit from financial operations Year-to-date (CZK million) Quarterly (CZK million) 1,6701,666 1,3261,116 2 9M 2024 0 9M 2025 2,783 2,996 +7.6% 19% 0% 632 568 529 544 598550 457 480 408 412 505 306 2 2Q 2024 0 3Q 2024 0 4Q 2024 0 1Q 2025 0 2Q 2025 0 3Q 2025 857 1,089 1,048 937 956 1,103 +1.3% +15.4% Sales activity Client activity influenced by global economic news flow, seasonal patterns. Continued competitive pressure on pricing/spread levels Solid FX flow business, clients’ FX hedging activity impacted by CZK appreciation Decent IR hedging activity reflecting new financing volumes and rates shifts Net gains on FX from payments Seasonally strong FX conversions activity related to travelling in Q3 Overall higher number of FX transactions YoY, adjusted spreads Capital markets Net gains on FX from payments Other
Page 21
KB Group results as of 30 September 2025 21 Operating expenditures Cost to Income ratio (%) Year-to-date (CZK million) Quarterly (CZK million) -6,581 -6,297 -3,156 -3,017 -2,811 -3,041 -793 9M 2024 -412 9M 2025 -13,341 -12,767 -4.3% -4% -4% -2,217 -2,233 -2,150 -2,226 -2,085 -1,986 -1,091 -1,048 -1,214 -982 -1,010 -1,026 -31 -9 -12 -21 -10 -933 -977 -1,006 -1,005 -1,013 -1,023 2Q 2024 3Q 2024 4Q 2024 -382 1Q 2025 2Q 2025 3Q 2025 -4,272 -4,267 -4,382 -4,595 -4,128 -4,044 -3.4% -2.0% 47.3 47.0 46.0 46.1 45.8 44.9 2.2 1H 2024 2.2 9M 2024 2.2 FY 2024 1.0 1Q 2025 1.1 1H 2025 1.1 9M 2025 49.5 49.2 48.2 47.2 46.9 46.1 Regulatory funds linearised YtD excl. Res. and similar funds Year-to-date (IFRIC linearised) Quarter-to-date (as reported) 48.6 46.4 43.4 46.1 45.4 43.3 0.4 2Q 2024 0.1 3Q 2024 0.1 4Q 2024 4.2 1Q 2025 0.2 2Q 2025 0.1 3Q 2025 49.0 46.5 43.6 50.3 45.7 43.4 Regulatory funds contribution QtD excl. Res. and similar funds -48% 8% Personnel costs GAE (excl. Res. and similar funds) Resolution and similar funds Depreciation Personnel expenses – average number of employees (FTE) in 9M25 decreased by -5.5% YoY to 7,064 Administrative costs – savings across all main categories Regulatory funds – lower 2025 charge for Resolution Fund due to achieving the target volume of the Fund and yield on Fund’s assets D&A – still reflecting mainly investments in digitalisation, some impact from reduction of branch premises Reduction in operating costs, benefiting from ongoing digitalisation and optimisation
Page 22
22 Agenda KB Group results as of 30 September 2025 Highlights as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story KB transformation story Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Capital and dividends Capital and dividends Outlook for 2025 Outlook for 2025 Appendix Appendix
Page 23
KB Group results as of 30 September 2025 23 Loan portfolio up by 3.6% YoY and by 1% QoQ Stable credit risk profile • Stage 2 share down to 9.7% (vs. 10.2% in 2Q 2025), driven by post-inflation reserve release on small business segment • NPL share at 1.8% (vs. 1.9% in 2Q 2025) • NPL provision coverage ratio up to 47.8% (vs. 46.3% in 2Q 2025) Group lending (CZK billion) Asset quality Loan portfolio quality 16.2 16.8 16.4 16.9 16.2 15.5122.8 121.9 123.4 118.0 87.5 84.0 685.1 699.6 708.5 714.4 755.8 768.6 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 824.1 838.2 848.3 849.3 859.5 868.0 Loans - Stage 1 Loans - Stage 2 NPL loans Provision coverage (CZK billion) -1,609 -1,647 -1,567 -1,502 -1,491 -1,476 -4,170 -4,095 -4,182 -3,493 -3,036 -2,750 -6,966 -7,428 -7,273 -7,522 -7,514 -7,397 -12,745 -13,170 -13,023 -12,517 -12,040 -11,623 Provisions for Stage 1 Provisions for Stage 2 Provisions for NPL loans NPL ratio evolution 2.0% 2Q 2024 2.0% 3Q 2024 1.9% 4Q 2024 2.0% 1Q 2025 1.9% 2Q 2025 1.8% 3Q 2025 43.1% 44.2% 44.3% 44.6% 46.3% 47.8% NPL coverage ratio
Page 24
KB Group results as of 30 September 2025 24 Total Cost of risk (Year-to-date, in basis points) Cost of risk development Cost of risk -22 -22 -20 12 -49 -36 17 17 9 3 -4 13 10 2Q 2024 14 12 3Q 2024 11 10 4Q 2024 -56 1Q 2025 2Q 2025 3Q 2025 Total Non-retail Retail Total Cost of risk (CZK million) 607 479 -168 192 -214 112 2 2Q 2024 -202 1 3Q 2024 106 -152 6 4Q 2024 -1110 1Q 2025 49 1 2Q 2025 1360 3Q 2025 -100 -369 -40 496 529 328 CoR Retail CoR Non-retail CoR legacy 3Q 2025 CoR net release at CZK 328 million • CZK 136 million in net release on non-retail exposures driven by the successful resolution of a few NPL corporate client situations • CZK 192 million in net release on retail exposures driven by the release of post-inflation reserve on small business segment 9M 2025 CoR at -20 bps • Non-retail CoR at -36 bps driven by the (i) successful resolution of one watch-listed corporate client situation, (ii) successful resolution of a few NPL corporate client situations • Retail CoR at -4 bps reflecting (i) YoY lower inflows into default for small business and consumer lending exposures, (ii) the release of post- inflation reserve on mortgage loan exposures and small business segment Segment and stage contribution to 9M 2025 CoR Non-retail NPL portfolio Non-retail performing portfolio (Stage 1 & 2) Retail NPL portfolio Retail performing portfolio (Stage 1 & 2) -20 bps -4 bps -14 bps 1 bps -3 bps
Page 25
25 Agenda KB Group results as of 30 September 2025 Highlights as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story KB transformation story Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk Capital and dividends Outlook for 2025 Outlook for 2025 Appendix Appendix
Page 26
Contributions to shareholders’ equity in 9M 2025 (CZK million) 26 Capital remains strong Contributions to capital adequacy ratio in 9M 2025 (%) Total capital adequacy at 18.4% over the Overall Capital Requirement of 16.6% CET 1 ratio at 17.6% over the required 12.0% (minimum T1 at 14.0%) as from 1 Jan 25 Tier 2 capital represented 0.8% of RWA KB has taken EUR 2.4 billion of senior non-preferred loans to meet MREL MREL adequacy at 28.8% vis-à-vis 20.8% MREL requirement, 27.1% total (MREL+CBR) requirement as from 11 August 2025 KB Group results as of 30 September 2025 Capital 0.44 2.40 31 Dec 2024 RWA Credit Risk -0.42 RWA Other Current year profit -2.40 Dividend provision (100%) -0.36 OCI & Other 30 Sep 2025 18.77 18.43 * Re-measurement of securities, cash flow hedges, FX positions, pension benefits and equity stakes in associates 31-Dec-24 Total capital adequacy 18.8% Core Tier 1 ratio 17.6% Total capital (CZK billion) 106.3 CET1 capital (CZK billion) 99.9 Total RWA (CZK billion) 566.3 Credit RWA (CZK billion) 462.2 RWA / Total assets 36.9% 30-Sep-24 19.0% 17.9% 106.4 99.9 558.7 448.7 33.7% 1 Jan 2025 13,584 YtD profit -17,243 Dividends -292 Revaluations* -1,712 Minority interest 30 Sep 2025 130,037 124,373 30-Sep-25 18.4% 17.6% 104.3 99.6 565.7 448.5 34.9%
Page 27
27 Agenda KB Group results as of 30 September 2025 Highlights as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story KB transformation story Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk Capital and dividends Capital and dividends Outlook for 2025 Appendix Appendix
Page 28
28 Assumptions and outlook for 2025 Macro- economic assumptions Banking market assumptions KB business outlook KB financial outlook Potential risks • Czech economy expected to accelerate marginally in full 2025 and to stagnate in its second half. The growth of GDP should be driven predominantly by gradually recovering domestic demand • Inflation should remain within the CNB's 1-3% tolerance band, on average just slightly above its midpoint • Lending market to grow at a mid-single-digit pace, unsecured consumer lending to maintain high-single-digit pace, housing loans to accelerate to higher mid- single-digits. Corporate lending to grow more slowly than retail loans • Bank deposits market should grow at mid-single-digits pace overall, relatively slightly faster in retail • Group’s lending should grow at a mid-single-digit rate. Housing loans should grow at mid- single-digits supported by improved sales volumes and lower interest rates. Consumer lending to increase at low- to mid-single-digits. Corporate lending should expand also at a mid-single digit rate • Total deposits expected to expand at a low- to-mid-single-digit pace. Share of current accounts expected to increase marginally • Continuation of strategic transformation, including completion of migration of individual clients to the new digital bank (NDB), commencing transition of entrepreneurs and small business clients into the NDB • Revenues should improve at a low- to mid-single-digit rate year on year, supported by a mid-single-digit growth of NII and NPFO, while NFC may retreat slightly • OPEX to be reduced by a mid-single-digit rate. Continuing overall simplification, optimisation of branch network, decrease in staff number by approx. 500 (FTE), lower contributions to Resolution Fund, growing amortisation charge reflecting digitalisation investments • Credit risk profile expected to remain resilient despite the geopolitical and macroeconomic uncertainties, with a full year 2025 cost of risk expected to record a net release at the level of low-teens bps, primarily supported by the release of provisions booked on non-defaulted loan exposures • Geopolitical conflicts, weak external demand, disruption of international trade due to protectionism, sharp changes in interest or FX rates, monetary or fiscal policy The text below updates and replaces outlook for 2025 first presented alongside release of KB’s full year 2024 results on 6 February 2025 and updated with 1st quarter 2025 results on 30 April 2025 and with 2nd quarter results on 31 July 2025. Investors are advised to consider high level of uncertainty and risks when formulating their investment decisions based on expectations provided below. Outlook for 2025 KB Group results as of 30 September 2025
Page 29
29 Agenda KB Group results as of 30 September 2025 Highlights as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story KB transformation story Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk Capital and dividends Capital and dividends Outlook for 2025 Outlook for 2025 Appendix
Page 30
Number of clients and distribution network 30-Sep-24 YoY Number of clients KB Group’s clients 2,184,000 -13,000 Komerční banka 1,709,000 55,000 – Individual clients 1,467,000 56,000 – KB+ users 717,000 743,000 Modrá pyramida 399,000 -44,000 KB Penzijní společnost 431,000 -31,000 ESSOX (Group) 112,000 -12,000 Distribution network ATMs (KB network) ATMs (Total shared network) 1,980 -39 Number of active debit cards 1,577,000 61,000 Number of active credit cards 226,000 6,000 1,641 1,625 1,652 1,664 1,727 1,764 2020 2021 2022 2023 2024 Sep-25 3 22 50 137 281 482 717 1,028 1,136 1,269 1,460 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 KB Group clients and distribution network KB Group results as of 30 September 2025 30 KB Retail branches 205 -18 KB+ users (thousands) Number of bank clients (thousands, CZ) 30-Sep-25 2,171,000 1,764,000 1,460,000 354,000 400,000 100,000 187 KB Poradenství outlets 188 195 7 791 759 -32 1,941 1,638,000 232,000 1,523,000
Page 31
KB Group results as of 30 September 2025 31 Income statement – reported Consolidated income statement (CZK million, unaudited) Net interest income Net fee & commission income 3Q 2024 2Q 2025 3Q 2025 YoY QoQ 6,256 6,404 6,501 3.9% 1.5% 1,666 1,652 1,673 0.5% 1.3% Net profit of financial operations 1,089 956 1,103 1.3% 15.4% Dividend and other income 170 27 44 -74.2% 61.4% Net banking income 9,181 9,039 9,322 1.5% 3.1% Personnel expenses -2,233 -2,085 -1,986 -11.0% -4.7% General admin. expenses (excl. regulatory funds) -1,048 -1,010 -1,026 -2.1% 1.6% Resolution and similar funds -9 -21 -10 5.4% -53.4% Depreciation, amortisation and impairment of operating assets -977 -1,013 -1,023 4.7% 1.0% Total operating expenses -4,266 -4,128 -4,044 -5.2% -2.0% Operating profit 4,915 4,911 5,277 7.4% 7.5% Cost of risk -369 529 328 +/- -38.0% Net operating income 4,546 5,440 5,605 23.3% 3.0% Income from share of associated companies 58 92 99 70.2% 7.0% Net profit/(loss) on subsidiaries and associates 0 0 0 n.a. n.a. Net profits on other assets 2,401 -4 11 -99.6% +/- Profit before income taxes 7,005 5,528 5,715 -18.4% 3.4% Income taxes -819 -887 -919 12.2% 3.6% Net profit 6,186 4,642 4,796 -22.5% 3.3% Profit attributable to the Non-controlling owners -8 18 21 +/- 17.3% Profit attributable to the Group’s equity holders 6,195 4,623 4,775 -22.9% 3.3% 9M 2024 9M 2025 YoY 18,691 19,310 3.3% 4,925 5,093 3.4% 2,783 2,996 7.6% 329 97 -70.5% 26,728 27,495 2.9% -6,581 -6,297 -4.3% -3,156 -3,017 -4.4% -793 -412 -48.0% -2,811 -3,041 8.1% -13,342 -12,767 -4.3% 13,385 14,728 10.0% -954 1,353 +/- 12,431 16,081 29.4% 191 267 40.1% -54 0 +/- 2,368 22 -99.1% 14,937 16,371 9.6% -2,296 -2,697 17.5% 12,641 13,673 8.2% 102 89 -12.5% 12,539 13,584 8.3% Year-to-date Quarter-to-date
Page 32
KB Group results as of 30 September 2024 32 (CZK million, unaudited) Net interest income 3Q 2024 2Q 2025 3Q 2025 YoY QoQ 6,256 6,404 6,501 3.9% 1.5% Net fee & commission income 1,666 1,652 1,673 0.5% 1.3% Net profit of financial operations 1,089 956 1,103 1.3% 15.4% Dividend and other income 170 27 44 -74.2% 61.4% Net banking income 9,181 9,039 9,322 1.5% 3.1% Personnel expenses -2,233 -2,085 -1,986 -11.0% -4.7% General admin. expenses (excl. regulatory funds) -1,048 -1,010 -1,026 -2.1% 1.6% Resolution and similar funds -9 -21 -10 5.4% -53.4% Depreciation, amortisation and impairment of operating assets -977 -1,013 -1,023 4.7% 1.0% Total operating expenses -4,266 -4,128 -4,044 -5.2% -2.0% Operating profit 4,915 4,911 5,277 7.4% 7.5% Cost of risk -369 529 328 +/- -38.0% Net operating income 4,546 5,440 5,605 23.3% 3.0% Income from share of associated companies 58 92 99 70.2% 7.0% Net profit/(loss) on subsidiaries and associates 0 0 0 n.a. n.a. Net profits on other assets 7 -4 11 45.2% +/- Income statement – recurring* Profit before income taxes 4,611 5,528 5,715 23.9% 3.4% 9M 2024 9M 2025 YoY 18,691 19,310 3.3% 4,925 5,093 3.4% 2,783 2,996 7.6% 329 97 -70.5% 26,728 27,495 2.9% -6,581 -6,297 -4.3% -3,156 -3,017 -4.4% -793 -412 -48.0% -2,811 -3,041 8.1% -13,342 -12,767 -4.3% 13,385 14,728 10.0% -954 1,353 +/- 12,431 16,081 29.4% 191 267 40.1% -54 0 +/- -26 22 +/- 12,543 16,371 30.5% Consolidated income statement Income taxes -2,383 -2,697 13.2% -906 -887 -919 1.4% 3.6% Year-to-date Quarter-to-date Net profit 10,160 13,673 34.6% 3,705 4,642 4,796 29.5% 3.3% Profit attributable to the Non-controlling owners 102 89 -12.5% -8 18 21 +/- 17.3% Profit attributable to the Group’s equity holders 10,057 13,584 35.1% 3,713 4,623 4,775 28.6% 3.3% * Excluding one-off gain from sale of HQ building in 3Q 2024
Page 33
(CZK million, unaudited) Assets Cash and current balances with central bank 30-Sep-24 31-Dec-24 YoY rel. YoY abs. 1,659,905 1,536,000 -2.3% -37,518 24,313 72,956 >100% 49,554 Loans and advances to banks 523,457 335,834 -21.2% -110,768 Loans and advances to customers (net) 846,394 853,022 2.8% 23,541 Securities and trading derivatives 227,713 235,974 -0.6% -1,334 Other assets 38,028 38,214 3.9% 1,489 Liabilities and shareholders’ equity 1,659,905 1,536,000 -2.3% -37,518 Amounts due to banks 73,681 91,574 61.1% 44,997 Amounts due to customers 1,319,047 1,174,525 -5.5% -73,181 Securities issued 12,634 12,629 -3.6% -454 Subordinated and senior non preferred debt 65,723 65,715 -3.4% -2,260 Other liabilities 63,706 61,520 -9.2% -5,879 Total equity 125,115 130,037 -0.6% -742 o/w Minority equity 3,317 3,379 -49.8% -1,650 Balance sheet Consolidated statement of financial position KB Group results as of 30 September 2025 3333 30-Sep-25 1,622,387 73,866 412,689 869,935 226,379 39,518 1,622,387 118,678 1,245,865 12,181 63,463 57,827 124,373 1,667 Ytd rel. Ytd abs. 5.6% 86,387 1.2% 911 22.9% 76,855 2.0% 16,914 -4.1% -9,596 3.4% 1,304 5.6% 86,387 29.6% 27,104 6.1% 71,340 -3.5% -448 -3.4% -2,252 -6.0% -3,693 -4.4% -5,664 -50.7% -1,712
Page 34
KB Group results as of 30 September 2025 34 Capital & profitability indicators Financial ratios (year-to-date, IFRS 9) 31-Dec-24 30-Sep-25 30-Sep-24 30-Sep-25 Capital adequacy 18.8% 18.4% Tier 1 ratio = Core Tier 1 ratio 17.6% 17.6% Risk weighted assets for credit risk (CZK billion) 462.2 448.5 Net interest margin, annualised 1.7% 1.7% Loan (net) / deposit ratio (excl. repo with clients) 82.9% 82.0% Cost / income ratio 48.2% 46.4% 49.2% 46.1% Return on average equity (ROAE), annualised 13.7% 14.5% 13.7% 14.6% Return on average Tier 1 capital 17.3% 18.2% 17.0% 18.3% Return on average tangible equity (ROTE) 15.4% 16.4% 15.5% 16.5% Return on average assets (ROAA), annualised 1.1% 1.1% 1.1% 1.2% Earnings per share (CZK), annualised 91 96 90 96 Average number of employees during the period acc. to CSO 7,456 7,064 Reported Recurring* 30-Sep-24 19.0% 17.9% 448.7 1.6% 80.0% 49.9% 13.5% 16.7% 15.3% 1.1% 89 7,478 Average number of employees during the period (based on CSRD) 7,642 7,618 7,228 * Excluding one-off gain from sale of HQ building in 3Q 2024 and assuming linear accrual of regulatory funds charges over the whole year (IFRIC 21 linearisation)
Page 35
35 Business performance of subsidiaries (1/2) YoY Modrá pyramida (100%) Volume of new loans (CZK million) 5% Volume of total loans (gross, CZK million) 3% Volume of deposits (CZK million) -10% Number of clients -11% Average number of FTEs* -25% KB Penzijní společnost (100%) Number of new contracts -12% Number of clients -7% Assets under management (CZK million) 3% of which in Transformed fund -5% Average number of FTEs* -16% ESSOX (50.93%) Volume of total loans (gross, CZK million) 2% Number of active clients -11% Average number of FTEs* -9% building savings & loans company manager of pension funds non-bank consumer lender and car financing company KB Group results as of 30 September 2025 Overview of KB subsidiaries 9M 2025 9,786 99,014 45,126 354,197 429 18,481 400,039 76,080 44,291 40 21,894 100,066 302 9M 2024 9,308 96,376 50,377 398,571 571 20,982 431,251 73,816 46,860 47 21,382 112,428 333 * Based on CSRD
Page 36
36 Business performance of subsidiaries (2/2) YoY Factoring KB (100%) Volume of total financing (gross, CZK million) 6% Average number of FTEs* -75% KB Pojišťovna (49%) Volume of technical reserves - Savings (CZK million) 2% Gross written premium (CZK million) 13% of which in life insurance 13% of which in non-life insurance SGEF Czech Republic (100%) Volume of new financing (CZK million) 3% Volume of total financing (gross, CZK million) 4% Average number of FTEs* 2% Factoring turnover (CZK million) 2% 12% Average number of FTEs 2% factoring company universal insurance company provider of asset-backed financing in Czechia and Slovakia KB Group results as of 30 September 2025 Overview of KB subsidiaries 9M 2025 55,361 10,676 0.25 47,437 5,961 4,914 1,046 287 11,664 36,544 146 ** Influenced by outsourcing of Factoring KB functions into Komerční banka. ** 9M 2024 54,064 10,060 1.00 46,445 5,263 4,333 931 283 11,279 35,230 143 * Based on CSRD
Page 37
Own funds and eligible liabilities (for MREL) KB Group results as of 30 September 2025 37 Capital requirements, MREL*, Tier 2 Own funds and eligible liabilities (for MREL) call option schedule§ MREL requirement 20.8% RWA, 5.91% Total Risk Exposure Total requirement = MREL + CBR = 20.8% + 6.25% = 27.05% (as of 11 August 2025) Volume of Senior Non-Preferred Loans EUR 2.4 billion Volume of Tier 2 capital EUR 0.2 billion 250 250 250 250 250 450 200 250 250 100 100 2023 2024 2025 2026 2027 2028 2029 Senior non-preferred loan Subdebt § Maturity date is one year after the call option exercise date and in the case of subordinated debt five years after the call option exercise date * In Single Point of Entry concept applied in SG Group, KB takes senior non-preferred loans from SG 10.4% 0.8% 17.6% 30 Sep 2025 28.8% Senior non-preferred loan Eligible T2 Common Equity Tier 1 capital (CET1) Total requirement = MREL + CBR (27.1% as of 11 August 2025) MREL (20.8% as of 11 August 2025) MREL, TIER 2 Regulatory capital requirements as announced by Czech National Bank As from 01/01/2024 01/04/2024 01/07/2024 01/01/2025 Own funds 8.00% 8.00% 8.00% 8.00% Systemic risk buffer** n.a. n.a. n.a. 0.50% O-SII 2.00% 2.00% 2.00% 2.00% Conservation buffer 2.50% 2.50% 2.50% 2.50% Countercyclical buffer** 2.00% 1.75% 1.25% 1.25% Pilar 2 2.60% 2.60% 2.60% 2.40% Total capital requirement 17.10% 16.85% 16.35% 16.65% Core Tier 1 requirement 12.46% 12.21% 11.71% 12.10% Tier 1 requirement 14.45% 14.20% 13.70% 14.05% SREP (own funds + Pilar 2) 10.60% 10.60% 10.60% 10.40% ** on Czech exposures (the actual total requirements cover also non-Czech exposures and may therefore slightly differ from the values in the table above.)
Page 38
38 Czech macroeconomic environment and interest rates KB Group results as of 30 September 2025 Czech macroeoconomic environment and interest rates
Page 39
KB - #1 listed Czech bank KB Group results as of 30 September 2025 • The number of shareholders comprised 79,840 corporate entities and private individuals as of 30 September 2025 • Of the Bank’s total share capital of CZK 19,004,926,000 divided into 190,049,260 shares with a nominal value of CZK 100 each, Société Générale S.A. held 60.35% • KB held 1,193,360 own shares in treasury, representing 0.63% stake on registered capital 39 KB shares and shareholder structure
Page 40
Investor relations Komerční banka, a.s. Na Příkopě 33, 114 07 Prague 1 Email: investor_relations@kb.cz Tel.: +420 955 532 156 Internet: www.kb.cz/investors Reuters: BKOM.PR Bloomberg: KOMB CP