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Investor presentation 31st July 2026 Alpha Bank Q2 2026 Results
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2 Disclaimer This presentation has been prepared and issued by Alpha Bank S.A. (“Alpha Bank”), solely for informational purposes. It is hereby noted that on 27.6.2025, the merger by absorption of “Alpha Services and Holdings S.A.” by Alpha Bank was completed. References to “Alpha Services and Holdings S.A.”., if any, shall be construed to be references to Alpha Bank. For the purposes of this disclaimer, this presentation shall mean and include materials, including and together with any oral commentary or presentation and any question and answer session. By attending a meeting at which the presentation is made, or otherwise viewing or accessing the presentation, whether live or recorded, you will be deemed to have agreed to the following restrictions and acknowledged that you understand the legal and regulatory sanctions attached to the misuse, disclosure or improper circulation of the presentation or any information contained herein. By reading this presentation, you agree to be bound by the following limitations: No representation or warranty, express or implied, is or will be made in relation to, and no responsibility is or will be accepted by Alpha Bank (or any member of its Group as to the accuracy, fairness, completeness, reliability or sufficiency of the information contained in this presentation and nothing in this presentation shall be deemed to constitute such a representation or warranty. The information contained in this presentation may contain and/or be based on information that has been derived from publicly available sources that have not been independently verified. Alpha Bank is not under any obligation to update, revise or supplement this presentation or any additional information or to remedy any inaccuracies in or omissions from this presentation. This presentation does not constitute an offer, invitation or recommendation to subscribe for or otherwise acquire securities. Also, it is not intended to be relied upon as advice to investors or potential investors and does not take into account the objectives, financial situation or needs of any particular investor. You are solely responsible for forming own opinion and conclusion. Certain statements in this presentation may be deemed to be “forward-looking”. You should not place undue reliance on such forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect current expectations and assumptions as to future events and circumstances that may not prove accurate. Forward-looking statements are not guarantees of future performance, and the actual results, performance, achievements or industry results of Alpha Bank’s operations, results of operations, financial position and the development of the markets and the industry in which they operate or are likely to operate may differ materially from those described in, or suggested by, the forward-looking statements contained in this presentation. In addition, even if the operations, results of operations, financial position and the development of the markets and the industry in which Alpha Bank operates is consistent with the forward-looking statements contained in this document, those results or developments may not be indicative of results or developments in subsequent periods. A number of factors could cause results and developments to differ materially from those expressed or implied by the forward-looking statements including, without limitation, general economic and business conditions, competition, changes in banking regulation and currency fluctuations. Forward-looking statements may, and often do, differ materially from actual results. Any forward-looking statements in this document reflect Alpha Bank’ current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to Alpha Bank’s financial position, operations, results of operations, growth, strategy and expectations. Any forward-looking statement speaks only as of the date on which it is made. New factors will emerge in the future, and it is not possible for Alpha Bank to predict which factors they will be. In addition, Alpha Bank cannot assess the impact of each factor on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those described in any forward looking statements. Alpha Bank disclaims any obligation to update any forward-looking statements contained herein, except as required pursuant to applicable law. About Alpha Bank Alpha Bank S.A. (under the distinctive title Alpha Bank) is a credit institution, listed on the Athens Stock Exchange, and the parent company of the group of companies (Alpha Bank Group). Subsequent to the corporate transformation that took place in June 2025, Alpha Bank absorbed its 100% parent company, Alpha Services and Holdings S.A. and substituted ipso jure, in its capacity as a universal successor, in all assets and liabilities of Alpha Services and Holdings S.A. Alpha Bank Group is one of the leading Groups of the financial sector in Greece which was founded in 1879 by J.F. Costopoulos. The Bank offers a wide range of high-quality financial products and services, including retail banking, SMEs and corporate banking, asset management and private banking, the distribution of insurance products, investment banking, brokerage and real estate management. https://www.alpha.gr/en/Group/investor-relations
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3 Alpha Bank Pages Business Update Financial Performance Financial Performance Macroeconomic Update Macroeconomic Update PL P&L Balance Sheet Balance Sheet Asset Quality Asset Quality Capital Capital Segmental Information Segmental Information Recent MA Recent M&A Digital Digital ESG ESG 3 12 20 22 35 47 53 59 65 73 75
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4 4 H1 2026 results H1 2026 Group Results Payout accrual3 55% or €273mn of H1 26 reported profit Set strong profitability foundation Resilient Top line & Growth in Fees Low NPE ratio & Cost of Risk de-escalation Increase in customer balances Excess capital growth allows for distribution Reported Profit After Tax Normalised Profit After Tax Net Interest Income Fee services income NPE ratio Cost of Risk Performing loans Customer funds Organic capital generation Growth in Tangible Book Value4 1| Based on normalized profit after tax over average TBV; Calculated after deduction of AT1 coupon payments; Adjusted excluding capital above management target and dividends accrued but not paid; 2| Earnings per share Diluted; based on normalized profit after tax post AT1 coupon; 3| Subject to regulatory approval; 4| Adjusted for dividend and buyback; €497mn (5%) €495mn +6% y/y €853mn +7% y/y €326mn +34% y/y 3.6% 42bp +14% y/y +22% y/y +71bp Return on Tangible Equity1 Earnings Per Share2 CET1 Ratio 14.0% or 12.0% reported +7% y/y €0.20 or €0.20 reported 14.3% €124mn interim proposed to be paid3 in Q4
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5 Transaction Banking International solutions Investment Banking & Capital Markets Lending Treasury Trade Finance We have upgraded Wholesale Banking into a holistic coverage platform One coverage model One client wallet Multiple revenue streams Lending led corporate bank Universal Business Bank From To >
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6 Transaction Banking: Increasing product density and share of wallet Transaction Banking revenue (4 quarter rolling) 40 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 +38% • Expanded transaction banking product suite across payments, FX and trade finance, strengthening our ability to capture clients' operating flows • Re-engineered coverage model by integrating transaction banking specialists into client teams and aligning RM incentives. • Enhanced digital and international capabilities through a new business banking platform and the UniCredit partnership → +€11m in 1.5 years Market share gains during 2025: +9.9pp in Import Letters of Credit +11.7pp in Foreign Guarantees Issued Higher, more diversified revenue base
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7 Investment Banking: AXIA transforms our corporate franchise AXIA participating in landmark transactions €550m 5 - year corporate bond AXIA & UC JBRs Feb 2026 €4.5 bn fully marketed share offering AB & UC JBRs May 2026 Specialized Investment Banking capabilities translating into client relevance, international distribution and capital-light fee income • Stronger client coverage: expands Alpha’s ability to serve Greek corporates, international issuers and institutional investors. • International capital mobilisation: attracts foreign demand and supports stronger execution outcomes for clients. • Capital-light growth engine: deepens share of wallet and creates recurring fee income less dependent on the rate cycle. 17 transactions advised 10 sectors covered €10bn+ Cumulative transaction value Advisory ECM & DCM Full spectrum IB capabilities Fees from Investment Banking & Other 26 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 €659m fully marketed accelerated book building AB JBR June 2026
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8 UniCredit expands the platform beyond Greece Cross-border coverage • Access to a pan-European network of 13 countries • Streamlined access to cash management through EuropeanGate service c €100m Trade finance in H1 c €250m Joint financing in H1 > 60 Total cross-country referrals Greater international reach, enhanced product capabilities, stronger client dialogue and a broader opportunity set for fee and balance-sheet growth. Product depth • Trade finance guarantees and Letter of Credit volumes continue to grow • Bilateral euro payments between Italy, Greece and Germany • PayFX Direct onboarded • Expanding collaboration in factoring Joint opportunities • Joint UC/AB client engagement • Joint financing momentum improving, active pipeline of joint international financing • AXIA fully embedded in cooperation workstreams and supported clients in issuing in excess of €6.2bn equity and debt capital YTD
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9 9 In 2026 we are going to increase EPS by 13% Investor Day November 2026 EPS1 € 0.36 0.41 FY 25 FY 26 +13% 1| Earnings per share; based on normalized profit after tax after deduction of AT1 coupon payments; 2026 based on 2,267 number o f outstanding ordinary shares for diluted earnings per share as of 30/06/2026 ▪ 13% growth in EPS benefiting from increased contribution of fee-generating business on the back of investment in the preceding years ▪ Ongoing initiatives and synergies arising from completed M&A to further boost EPS ambition going forward ▪ Positive impact from €259m approved buyback a further tailwind to EPS growth not captured in the 13% growth
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10 10 Structural advantages accelerating earnings growth Alpha Bank’s structural advantages Outlook Comprehensive coverage of corporate clients… …supporting individuals across the financial services spectrum… …all further supported by UniCredit partnership… …and a performance led culture • Significant investment in corporate solutions bearing fruit • Accelerating growth in transaction banking and IB • Further upside from franchise positioning • Integrated wealth engine serving all segments • Retail advisory mandates increasing AuM penetration • Significant enhancement in recurring fee income • Positioning franchise as bank of choice for cross-border activity • Broader product palette to improve cross-selling • Unify commercial framework to mutually benefit both groups • Efficiency gains fund investments to grow, preserving discipline • Technology investments directly supporting revenue growth • Employee proposition promoting mobility and performance Accelerating earnings growth and capital generation
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11 Significant potential to create and return value to shareholders Excess capital Capital allocation framework Organic growth Ordinary payout Share buybacks & extraordinary dividends Bolt-on acquisitions • Accelerating delivery on our strategy • No change to distribution policy • Return on investment of >15% • RoCET accretive • EPS accretive in 2-3 years 1 2 3 B A Strict criteria for any M&A Organic RWA expansion in wholesale and retail segments in Greece and Cyprus Increasing ordinary payout over 2025-2027
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12 Alpha Bank Pages Business Update Business Update Financial Performance Macroeconomic Update Macroeconomic Update PL P&L Balance Sheet Balance Sheet Asset Quality Asset Quality Capital Capital Segmental Information Segmental Information Recent MA Recent M&A Digital Digital ESG ESG 3 12 20 22 35 47 53 59 65 73 75
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13 Group Profit & Loss Summary Profit & Loss (€ mn) H1 2025 H1 2026 Δ % Net Interest Income 795 853 7% Fee services income 244 326 34% Trading & Other Income 70 35 (50%) Operating Income 1,108 1,214 10% Total Operating Expenses (412) (470) 14% Pre Provision Income 697 744 7% Impairment Losses (91) (93) 2% Profit/ (Loss) before income tax 609 651 7% Income Tax (150) (161) 7% Impact from NPA transactions, discontinued operations & other adjustments 64 7 (89%) Reported Profit/ (Loss) after income tax 522 497 (5%) Normalised Profit After Tax 465 495 6% Q1 2026 Q2 2026 Δ % 416 436 5% 140 187 34% 31 4 (87%) 587 627 7% (229) (241) 5% 358 386 8% (49) (44) (9%) 302 349 15% (79) (82) 3% (42) 49 … 182 316 74% 221 275 25% 1| Q1 2026 included €47m provision for a Voluntary Separation scheme addressing c350 FTEs, a goodwill write-down at Nexi Greece and in part due to a provision top-up in Romania. Q2 2026 included €118m DTA recognition, €38m partial derecognition of a cashflow hedge, €18m provision for a Voluntary Separation scheme in Cyprus and a €20m negative impact from legacy items.
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14 Q2 26 Group Profit and Loss Impairment losses Operating Expenses Profit After Tax Operating Income Operating income ▪ Net interest income +4.8% q/q on higher volumes and rates ▪ Fee services income +5.3% q/q excluding Prodea dividend Operating expenses ▪ Costs +5.1% q/q driven by collective agreement and bonus ▪ 38% cost-income ratio better than guidance Impairment losses ▪ Cost of Risk at 39bp in Q2 ▪ Asset quality environment remains benign Reported Profit After Tax ▪ Bottom line +74% q/q impacted by one-offs1 ▪ Normalised profit of €275mn in the quarter +25% q/q Group, € mn 558 520 583 587 627 +7% (212) (211) (227) (229) (241) +5% (40) (45) (61) (49) (44) (9%) 304 184 237 182 316 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 +74% Q2 y/y +11% +12% +14% +4% 1| Q1 2026 included €47m provision for a Voluntary Separation scheme addressing c350 FTEs, a goodwill write-down at Nexi Greece and in part due to a provision top-up in Romania. Q2 2026 included €118m DTA recognition, €38m partial derecognition of a cashflow hedge, €18m provision for a Voluntary Separation scheme in Cyprus and a €20m negative impact from legacy items.
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15 Q2 26 Group Balance Sheet Tangible Book Value Customer Funds CET1 ratio Performing loans1 Group, € bn Performing loans ▪ €1.6bn net credit expansion in Q2 ▪ Growth driven by corporates outside RRF perimeter Customer funds ▪ Deposits up €3.1bn in the quarter driven by corporates ▪ AuM net sales at €0.6bn in the quarter Tangible Book Value ▪ Growth before payouts at 2.1% q/q and 7.4% y/y CET1 ratio ▪ 71bp of organic capital generation in the quarter affected by RWA growth. Alpha Trust acquisition reflected in Q2 ▪ €273mn of dividend accrual 1 | Excluding senior notes, including CLOs. 2| Adjusted for dividend and buyback 71.6 74.2 77.5 82.0 87.6 +7% 7.5 7.6 7.6 7.7 7.8 +2%2 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 16.1% 16.0% 15.4% 15.0% 14.3% (66bp) 34.9 35.7 37.5 38.2 39.9 +5% Q2 y/y +7%2 +14% +22% (173bp)
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16 Net interest income and Fees 110 110 112 116 126 417 410 417 417 433 (75) (70) (68) (70) (72) (70) (63) (64) (63) (68) 18 Q2 25 15 Q3 25 16 Q4 25 16 Q1 26 17 Q2 26 Deposits Funding & Other Loans NPE Bonds Loans PE 399 402 413 416 436 Interest Income / Interest Expense breakdown Group, € mn 14 14 14 18 26 14 10 4642 36 32 32 3628 32 37 38 35 32 33 41 41 38 5 Q2 25 5 2 Q3 25 3 Q4 25 7 4 Q1 26 6 Q2 26 135 122 136 140 187 Business credit related Asset management Bancassurance Cards & Payments Real estate income Investment Banking & Other Fee services income Group, € mn 1| Q1 2026 impacted by €9m calendar effect 1 Including €40mn Prodea dividend
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17 2.7 7.2 28.3 Mar 2026 2.7 7.2 30.0 Jun 2026 26.6 7.2 1.8 1.7 2.6 7.3 7.3 25.9 Sep 2025 27.7 Dec 2025 34.9 35.7 37.5 38.2 39.9 Jun 2025 +2% +5% +14% +2% +5% Performing loans and Customer Funds Performing loan book expansion Group, € bn International Greece Individuals Greece Businesses (1%) +16% 57% YoY Customer Funds evolution Group, € bn 71.6 82.0 87.6 3.1 0.6 2.0 AuMs Deposits Jun 2026 29.1 58.5 Valuation & Other Net Sales 51.3 DepositsMar 2026 26.6 55.4 Jun 2025 20.3 +22% +7%
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18 18 Asset quality NPE coverage Cost of Risk Group, bps Group % NPE ratio at 3.6% stable year on year Cost of Risk at 39bp reflecting benign environment Coverage at 55%57% 55% 58% 55% 55% Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 NPE ratio Group % 3.5% 3.6% 3.6% 3.7% 3.6% 11 12 16 810 26 108 40 78 29 86 26 Servicing fees Securitization expenses Underlying 39 44 58 44 39
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19 34.832.5 RWAs H1 26 evolution in Capital CET1 % €bn 0.7% Organic Capital Generation 1.5% 0.4% Transactions & one-offs 15.4% (0.5%) other capital elements (0.2%) AT1 (0.1%) RWAsDTA (0.9%) DTC (0.2%) 15.4% H1 26 Organic capital Dec-25 Jun-26 14.3% Jun-26 post dividend accrual
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20 Alpha Bank Pages Business Update Business Update Financial Performance Financial Performance Macroeconomic Update PL P&L Balance Sheet Balance Sheet Asset Quality Asset Quality Capital Capital Segmental Information Segmental Information Recent MA Recent M&A Digital Digital ESG ESG 3 12 20 22 35 47 53 59 65 73 75
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21 Rising geopolitical risk fuels inflationary pressures via energy markets Sources: European Commission, Eurostat, Caldara & Iacoviello Geopolitical Risk (GPR) Index: measures global geopolitical tensions by tracking the frequency of newspaper articles related to wars, terrorist acts, military tensions and other adverse geopolitical events. Geopolitical shocks add renewed momentum to inflation Energy costs put upward pressures on HICP ▪ Geopolitical tensions in the Middle East triggered a sharp rise in oil and natural gas prices amid concerns over energy supply disruptions and shipping through the Strait of Hormuz. ▪ The escalation was also reflected in a steep increase in the Geopolitical Risk (GPR) Index, mirroring levels observed following Russia’s invasion of Ukraine. ▪ Although the mid-June US-Iran agreement helped energy prices retreat towards pre-conflict levels, renewed flare-ups have partially reversed this trend. ▪ The recent surge in the GPR Index has coincided with a sharp rise in consumer inflation expectations in Greece, underscoring the sensitivity of inflation sentiment to geopolitical developments. ▪ Higher energy prices drove up energy inflation, as well as the general price level. ▪ In Q2 2026 headline HICP averaged 4.5% y-o-y, while its energy component rose by 18.8% y-o-y. ▪ HICP in Greece decelerated to 3.9% y-o-y in June, from 4.9% y-o-y in May. Services inflation continues to be the main contributor to inflationary pressures. ▪ Inflation forecasts for 2026 were revised upwards by almost 1.5pps, currently standing at around 4%, with the balance of risks remaining tilted on the upside. 0 50 100 150 200 250 300 350 -30 -20 -10 0 10 20 30 40 50 60 Jan-19 May-19 Sep-19 Jan-20 May-20 Sep-20 Jan-21 May-21 Sep-21 Jan-22 May-22 Sep-22 Jan-23 May-23 Sep-23 Jan-24 May-24 Sep-24 Jan-25 May-25 Sep-25 Jan-26 May-26 Consumers' Price Expectations over the next 12 months Geopolitical risk index (GPR, 2019=100), rhs -10 -5 0 5 10 15 20 25 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 (annual % changes) Headline HICP Processed food including alcohol and tobacco Unprocessed food Energy
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22 Alpha Bank Pages Business Update Business Update Financial Performance Financial Performance Macroeconomic Update Macroeconomic Update P&L Balance Sheet Balance Sheet Asset Quality Asset Quality Capital Capital Segmental Information Segmental Information Recent MA Recent M&A Digital Digital ESG ESG 3 12 20 22 35 47 53 59 65 73 75
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23 Group Profit & Loss Summary 1| Q2 2026 includes 1mn impact from NPA transactions. 2| Normalised Profit After Tax of €275mn in Q2 2026, is Reported Profit /(Loss) After Tax of 316mn excluding (a) NPA transactions impact of€1mn, (b) €43mn on other adjustments and tax charge related to the above. €304mn €184mn €237mn €182mn €316mn Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 +4% +74% Reported Profit After Tax €231mn €216mn €225mn €221mn €275mn Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 +19% +25% Normalised Profit After Tax2 Profit & Loss (€ mn) H1 2026 H1 2025 yoy % change Q2 2026 Q1 2026 qoq % change Net Interest Income 853 795 7% 436 416 5% Fee services income 326 244 34% 187 140 34% Trading & Other Income 35 70 (50%) 4 31 (87%) Operating Income 1,214 1,108 10% 627 587 7% Recurring Operating Expenses (468) (412) 14% (240) (228) 5% Extraordinary (2) 0 (1) (1) Total Operating Expenses (470) (412) 14% (241) (229) 5% Pre Provision Income 744 697 7% 386 358 8% Impairment Losses (93) (91) 2% (44) (49) (9%) Profit/ (Loss) before income tax 651 609 7% 349 302 15% Income Tax (161) (150) 7% (82) (79) 3% Impact from NPA transactions, discontinued operations & other adjustments 7 64 (89%) 49 (42) … Reported Profit/ (Loss) after income tax 497 522 (5%) 316 182 74% Normalised Profit After Tax 495 465 6% 275 221 25% 1 2 40%…
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24 Profit & Loss - Detailed (€ mn) Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 qoq% change yoy% change Net Interest Income 399.3 402.2 413.3 416.3 436.4 4.8% 9.3% Fee services income 135.3 121.5 136.1 139.7 186.7 33.6% 38.0% Income from financial operations 7.1 (8.0) 14.2 26.3 (14.9) … … Other income 16.4 4.3 19.1 4.8 18.8 … 14.4% Operating Income 558.1 519.9 582.7 587.0 627.1 6.8% 12.4% Staff costs (97.0) (93.9) (101.7) (107.9) (117.1) 8.5% 20.6% General Administrative Expenses (81.6) (87.4) (96.7) (85.5) (84.8) (0.8%) 3.9% Depreciation and amortization (33.0) (30.0) (34.8) (34.9) (37.7) 7.8% 14.1% Recurring Operating Expenses (211.6) (211.2) (233.2) (228.3) (239.5) 4.9% 13.2% Extraordinary costs 0.0 0.0 6.7 (1.0) (1.4) 40.0% … Total Operating expenses (211.6) (211.2) (226.5) (229.3) (240.9) 5.1% 13.9% Core Pre-Provision Income 339.4 316.7 335.3 332.4 402.4 21.0% 18.6% Ιmpairment losses (39.7) (45.4) (61.5) (48.6) (44.2) (9.0%) 11.4% Other items (0.4) 12.9 17.4 (6.7) 6.7 … … Impairments & Gains/(Losses) on financial instruments, fixed assets and equity investments (2.2) 1.6 (6.6) (1.3) (1.0) (22.0%) (54.5%) Provisions and transformation costs (0.1) (2.2) 2.3 0.6 (0.5) … … Share of profit/(loss) of associates and joint ventures 2.0 13.4 21.7 (6.0) 8.2 … … Profit/ (Loss) before income tax 306.4 276.1 312.1 302.4 348.6 15.3% 13.8% Income Tax (78.7) (73.5) (84.4) (79.0) (81.6) 3.3% 3.7% Profit/ (Loss) after income tax from continuing operations 227.7 202.6 227.7 223.4 267.0 19.5% 17.2% Impact from NPA transactions (76.8) (2.5) (4.8) 10.8 (0.7) … (99.1%) Profit/ (Loss) after income tax from discontinued operations 2.9 13.7 8.2 (3.6) 6.1 … … Other adjustments 149.9 (29.4) 5.4 (49.1) 43.3 … (71.1%) Profit/ (Loss) after Income tax 303.7 184.5 236.6 181.5 315.7 73.9% 3.9% Net interest Margin (NIM) 2.18% 2.17% 2.18% 2.12% 2.16%
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25 Main P&L items 1| Q1 2026 impacted by €9m calendar effect; 2| Includes underlying impairments and servicing fees Cost of Risk2 €mn & bps over net loans Recurring operating expenses Net Interest Income1 Group, € mn Group, € mn Group, € mn 135 122 136 140 187 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 39bps 44bps 58bps 44bps 39bps Fee services income Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 399 402 413 416 436 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 212 211 233 228 240 40 45 61 49 44
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26 Net Interest Income driver headlines 1| Deposit beta refers to total cost of deposits in Greece versus 3M Euribor. 2| Time deposit pass through refers to the deposit rate offered to a client over the relevant reference rate at the time of offer. 3| Spreads contain MFR methodology modification impact calculation now uses long term curves to take into account the estimated average life of the products Performing loan spreads3 Greece, % Deposit costs Deposit beta1 Greece, % 24% 22% 21% 20% 20% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 2.98% 2.98% 3.01% 2.97% 2.94% 2.39% 2.32% 2.27% 2.24% 2.47% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Individuals Business 65% 65% 64% 63% 64% 0 10 20 30 40 50 60 70 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Term Deposit pass-through2 EUR, %
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27 747 746 737 740 736 Loan and deposit spreads Net loan balances & spreads € bn Deposit mix & cost evolution bps, € bn Lending spreads (Greece and International) Deposit spreads (Greece and International) bps bps End of quarter balances Note: Lending Spreads are revised backwards and recalculated on interest bearing loan balances vs. net balances before. 41.0 41.7 43.5 44.1 45.9 256 250 245 241 238 0 100 200 300 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Group Loans Spread Net Loans 29% 71% % Total 37.6 38.5 40.2 40.1 41.8 13.7 14.4 14.9 15.3 16.7 190 170 174 180 198 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 51.3 52.9 55.1 55.4 58.5 Group Deposits Spread Time Deposits Core Deposits 268 252 246 Q2 25 264 244 238 160 Q3 25 268 246 230 163 Q4 25 265 245 225 158 Q1 26 264 222 157 Q2 26 231 165 83 74 73 74 77 230 203 210 218 243 165 152 157 157 169 Q1 25 Q2 25 Q4 25 Q1 26 Q2 26 International Deposits Sight & Savings Time Deposits SBL International Loans Large Corporates Mortgages Consumer Credit
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28 Sensitivity to interest rates 7.9bnFloating rate Assets Floating rate Liabilities Balance Sheet structure as of Q2 2026 c. 20mn per 25bp 17% 75% 9% 24% 13% 50% 5% 7% Securities Due from banks Loans Cash Time Deposits Hedging Debt issued Due to banks 41.9 34.0 7.8bnFloating rate Assets Floating rate Liabilities Balance Sheet structure as of Q1 2026 c. 20mn per 25bp 8% 22% 75% 9% 23% 13% 46% 4% Securities Due from banks Loans Cash Time Deposits Hedging Debt issued Due to banks 40.1 32.3
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29 Fee services income Group Segments 14 10 46 33 5 7 8 4141 36 42 43 59 43 42 48 52 34 36 28 32 5 (1) Q2 25 02 Q3 25 1 Q4 25 14 Q1 26 8 (1) Q2 26 135 122 136 140 187 € mn € mn Retail Wholesale Wealth International NPAs Corporate Center 14 14 14 18 26 14 10 4642 36 32 32 3628 32 37 38 35 32 33 41 41 38 5 Q2 25 5 2 Q3 25 3 Q4 25 7 4 Q1 26 6 Q2 26 135 122 136 140 187 Business credit related Asset management Bancassurance Cards & Payments Real estate income Investment Banking & Other
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30 Year to date investment banking transaction activity Co-advised with UniCredit Euromoney Awards
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31 Costs 33 30 35 35 38 97 94 102 108 117 82 Q2 25 87 Q3 25 97 Q4 25 85 Q1 26 85 Q2 26 212 211 233 228 240 Staff costs General expenses General Administrative expenses 16 18 14 17 21 23 32 32 3515 16 17 18 17 49 50 51 53 54 99 100 102 100 104 12 Q2 25 12 10 Q3 25 12 Q4 25 12 Q1 26 13 Q2 26 212 211 233 228 240 € mn € mn Cost-Income ratio Retail Wholesale Wealth International NPAs Corporate Center Group Segments 38% 41% 40% 39% 38%
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32 Operating Expenses Recurring Operating Expenses evolution Employees Branches €mn Group, € mn Q2 26 Q2 25 yoy % Q2 26 Q1 26 qoq % Staff costs (117.1) (97.0) 20.6% (117.1) (107.9) 8.5% General Administrative expenses (84.8) (81.6) 3.9% (84.8) (85.5) (0.8%) Depreciation and amortisation (37.7) (33.0) 14.1% (37.7) (34.9) 7.8% Recurring Operating Expenses (239.5) (211.6) 13.2% (239.5) (228.3) 4.9% Extraordinary costs (1.4) 0.0 … (1.4) (1.0) 40.0% Total Operating Expenses (240.9) (211.6) 13.9% (240.9) (229.3) 5.1% Greece 8,147 7,354 7,503 5,925 5,940 5,678 5,513 5,585 5,691 5,822 5,882 5,754 VSS Gr -523 Greece1 443 394 336 313 284 265 263 262 262 261 261 261 1| Includes corporate and private banking centers. 2| including sabbaticals VSS Gr -836 2 VSS Gr -550 Albania -410 33 30 35 35 38 82 87 97 85 85 97 94 102 108 117 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Staff costs General Administrative Expenses Depreciation & amortization 212 211 233 228 240 11,314 10,530 10,528 8,529 8,460 6,138 6,011 6,106 6,213 6,699 6,750 6,639 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 629 581 520 465 431 279 277 276 276 288 288 278 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Cepal -818 Astrro +317 AXIA +50 Astrro +15 Fexfin +26
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33 Reported to Normalised Profit & Loss (€ mn) Bridge between reported and normalised profit Q2 2026 Published Delta Normalised Net Interest Income 436 0 436 Fee services income 187 (46) 141 Trading income (15) 0 (15) Other income 19 46 64 Operating Income 627 627 Staff costs (117) 0 (117) General Administrative Expenses (85) 0 (85) Depreciation and amortization (38) 0 (38) Recurring Operating Expenses (240) (240) Extraordinary (1) 1 0 Total Operating Expenses (241) (240) Core Pre Provision Income 402 402 Pre Provision Income 386 388 Impairment Losses (44) 0 (44) o/w Underlying 29 0 0 o/w servicing fees 8 0 0 o/w securitization expenses 7 0 0 Other impairments (0) 0 (0) Impairment losses of fixed assets and equity investments (1) 0 (1) Gains/(Losses) on disposal of fixed assets and equity investments (0) 0 (0) Provisions and transformation costs (0) 0 (0) Share of profit/(loss) of associates and joint ventures 8 0 8 Profit/ (Loss) before income tax 349 350 Income Tax (82) 0 (81) Profit/ (Loss) after income tax 267 269 Impact from NPA transactions (1) 1 0 Profit/ (Loss) after income tax from discontinued operations 6 0 6 Other adjustments 43 (43) 0 Reported Profit/ (Loss) after income tax 316 (41) 275
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34 Reported to Normalised Bridge between Reported and Normalised Profit - Quarterly (€ mn) Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Reported Profit/ (Loss) after income tax 191 195 121 213 111 171 158 218 304 184 237 182 316 Net Interest Income 0 0 0 0 0 0 (1) (3) (3) (4) (2) 0 0 Fee services income 0 0 0 (0) (2) 0 (0) (1) (14) (2) (10) (4) (46) Trading income 0 0 0 0 0 0 1 3 3 4 2 0 0 Other income 0 0 0 0 2 (0) 0 1 14 2 10 4 46 Staff costs 0 0 0 0 0 0 0 0 0 0 0 0 0 General Administrative Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 Depreciation and amortization 0 0 0 (2) 0 0 (5) 0 0 0 0 0 0 Extraordinary 5 0 (5) 3 1 0 5 0 0 0 (7) 1 1 Impairment Losses 0 0 0 0 (0) 0 0 0 0 0 0 0 0 Other impairments 0 0 0 0 0 0 0 0 0 0 0 0 0 Impairment losses of fixed assets and equity investments 0 0 0 0 0 0 0 0 0 0 0 (0) 0 Gains/(Losses) on disposal of fixed assets and equity investments 0 0 0 0 0 0 0 0 0 0 0 0 0 Provisions and transformation costs 0 0 0 0 0 0 0 0 (0) 0 0 0 0 Share of profit/(loss) of associates and joint ventures 0 0 0 0 0 0 0 0 0 0 0 0 0 Income Tax (1) 0 2 1 (1) 9 0 0 0 0 (4) (0) 0 Impact from NPA transactions (5) (2) 109 5 102 18 19 12 77 2 5 (11) 1 Profit/ (Loss) after income tax from discontinued operations 0 0 12 0 2 1 0 0 0 0 0 0 0 Other adjustments 5 22 (22) 3 (1) 34 12 4 (150) 29 (5) 49 (43) Normalised Profit After Tax 195 215 216 224 215 233 189 234 231 216 225 221 275
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35 Alpha Bank Pages Business Update Business Update Financial Performance Financial Performance Macroeconomic Update Macroeconomic Update PL P&L Balance Sheet Asset Quality Asset Quality Capital Capital Segmental Information Segmental Information Recent MA Recent M&A Digital Digital ESG ESG 3 12 20 22 35 47 53 59 65 73 75
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36 Q2 2026 Group Balance Sheet Summary Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 7.5 7.6 7.6 7.7 7.8 +3% +2% Tangible Book Value Group, € bn CET1 Group, € bn Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 4.9 5.0 5.0 5.0 5.0 +1.6% (1%) Balance Sheet (€ bn) Jun 2026 Mar 2026 Jun 2025 q/q Total Assets 82.0 79.3 73.5 2.7 Securities 19.3 18.2 17.2 1.1 Cash & Cash Balances 3.9 4.3 3.1 (0.4) Net Loans 45.9 44.1 41.0 1.7 ECB balances 2.7 2.8 2.5 (0.1) Deposits 58.5 55.4 51.3 3.1 Tangible Equity 7.8 7.7 7.5 0.1 NPE ratio 3.6% 3.7% 3.5% … NPE Cash Coverage 55% 55% 57% … CET1 ratio 15.0% 16.1% … Total Capital ratio 20.1% 21.7% … 14.3% 19.3%
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37 4.8 4.8 44.1 18.2 4.3 2.5 0.7 Mar-26 Cash Due from Banks Securities Net loans PPE DTA Other (incl. HFS) Balance sheet composition 3.6 9.0 4.5 41.8 16.7 3.6 2.7 Jun-26 ECB Due to Banks Time Deposits Core Deposits Debt securities Equity Other Asset split € bn Liabilities and Equity split € bn 4.9 4.8 45.9 19.3 3.9 2.6 0.7 Jun-26 Cash Due from Banks Securities Net loans PPE DTA Other (incl. HFS) 82.0 3.4 8.9 4.1 40.1 15.3 4.7 2.8 Mar-26 ECB Due to Banks Time Deposits Core Deposits Debt securities Equity Other 79.3 55.4 82.0 58.5 79.3
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38 Business Volumes (€ mn) Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 % YoY Group Gross Loans 41,687 42,361 44,181 44,820 46,574 11.7% Mortgages 6,744 6,767 6,972 6,967 6,966 3.3% Consumer Loans 1,217 1,233 1,315 1,337 1,329 9.3% Credit Cards 942 950 1,017 983 1,020 8.2% Small Business Loans 1,831 1,845 1,921 1,920 1,970 7.6% Medium and Large Business Loans 30,226 30,875 32,251 32,825 34,501 14.1% CLOs 727 691 705 787 788 8.4% of which: Domestic 39,834 40,424 41,488 42,023 43,691 9.7% Mortgages 6,062 6,060 6,068 6,048 6,031 (0.5%) Consumer Loans 1,149 1,164 1,190 1,199 1,206 5.0% Credit Cards 936 943 1,006 972 1,009 7.8% Small Business Loans 1,813 1,826 1,880 1,900 1,932 6.6% Medium and Large Business Loans 29,148 29,740 30,638 31,116 32,725 12.3% of which: Shipping Loans 3,682 3,903 3,989 4,264 4,874 32.4% CLOs 727 691 705 787 788 8.4% International 1,853 1,936 2,693 2,797 2,883 55.6% Accumulated Provisions1 (715) (718) (723) (731) (743) 3.5% Group Net Loans 40,997 41,667 43,483 44,112 45,851 11.8% Customer Assets 71,572 74,222 77,469 81,968 87,556 22.3% of which: Group Deposits 51,306 52,884 55,084 55,410 58,467 14.0% Sight & Savings 37,604 38,487 40,210 40,125 41,770 11.1% Time deposits 13,702 14,397 14,873 15,285 16,697 21.9% Domestic 47,450 49,111 48,925 49,239 52,261 10.1% Sight & Savings 35,866 36,748 37,139 37,130 38,763 8.1% Time deposits 11,584 12,363 11,786 12,109 13,498 16.5% International 3,856 3,773 6,159 6,171 6,206 60.9% Mutual Funds 8,281 8,916 9,321 9,169 10,325 24.7% Fixed Income 2,857 2,817 2,875 2,871 2,982 4.4% Equities 8,057 8,481 9,029 13,369 14,526 80.3% Managed Accounts 1,072 1,124 1,161 1,150 1,256 17.2% Total Private Banking Balances (incl. Deposits) 8,068 8,482 8,954 9,003 9,723 20.5% 1| Include off balance sheet items
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39 Net Credit Expansion trends Net credit expansion Greece, € bn DisbursementsRepayments Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 0.2 1.9 (1.9) (0.1) Q2 24 0.1 2.9 (1.7) (0.2) Q3 24 0.2 (1.9) (0.2) Q4 24 0.1 2.4 (1.7) (0.2) Q1 25 0.2 2.6 (1.7) (0.2) Q2 25 0.2 0.3 Q4 25 1.6 0.9 (0.2) Q1 26 3.9 (2.8) (0.2) 0.5 3.9 (0.2) 0.7 0.3 (2.0)(2.5) Q3 25 2.0 0.6 (0.2) 3.0 3.5 (2.1) 1.3 0.2 2.8 Q2 26 Individuals Businesses o/w 0.31 syndication 2.8 2.9 2.6 1.2 0.7 0.2 1.1 1.4 1.6 2.6 3.2 4.1 4.6 4.1 3.2 3.1 3.8 Business net credit expansion 4 quarter rolling average 1 1| Adjusted for syndication 1 1 1
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40 Net credit expansion breakdown Performing loans Greece, € bn Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Beginning of period 32.5 32.9 33.2 33.9 35.0 35.5 Disbursements 2.5 2.8 3.0 4.2 3.2 3.8 Repayments (1.9) (1.9) (2.3) (2.9) (2.7) (2.2) Net Flows to/from NPE (0.1) (0.1) (0.1) (0.1) 0.0 0.0 Other Movements (0.2) (0.4) 0.1 (0.1) (0.0) 0.1 End of period 32.9 33.2 33.9 35.0 35.5 37.2 Net Credit Expansion 0.6 0.9 0.7 1.3 0.5 1.6 New disbursements – per category Greece, € mn Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Individuals 162 144 180 145 217 237 300 234 252 Business 1,916 2,892 3,860 2,360 2,555 2,759 3,904 2,981 3,537 Total 2,078 3,035 4,040 2,505 2,772 2,996 4,204 3,215 3,789
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41 Handysize/Handymax (Bulk Carriers) 7% Panamax (Bulk Carriers) 22% Capesize (Bulk Carriers) 6% Product (Tankers) 8% Panamax (Tankers) 3% Aframax (Tankers) 11% Suezmax (Tankers) 14% VLCC (Tankers) 5% Containers 10% LNG 11% Passenger Vessels 1% Loan portfolio breakdown Information and communication 1% Administrative and support service activities 1% Professional, scientific and technical activities 1% Construction 3% Other 3% Real Estate 6% Tourism 7% Trade 8% Energy 9% Manufacturing 10% Transportation 13% Financial and insurance activities 19% Households 20%Credit Cards 2% Consumer loans 3% Small Business Loans 4% Mortgages 15% Wholesale loans 76% €46.6bn€46.6bn €4.9bn Total Group loans – per segment € bn Tankers 41% Dry Bulk 36% Group Loans portfolio structure1 € bn Shipping loans portfolio structure € bn 1| Breakdown analysis pro-forma for €5bn of senior notes
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42 2% Dec-20 35% 62% 2% Dec-21 84% 14%2% Dec-22 90% 9%1% Dec-23 91% 8%1% Mar-24 91% 8%1% Jun-24 92% 6%1% Sep-24 93% 6%1% Dec-24 92% 7%2% Mar-25 91% 7%2% Jun-25 91% 7%2% Sep-25 92% 7%2% Dec-25 92% 6%2% Mar-26 Amortized Cost FVOCI FVTPL 33% 65% €10.6bn €13.4bn €15.6bn €15.7bn €16.5bn €16.7bn €16.9bn €17.3bn €10.1bn €17.2bn €17.7bn €18.2bn Jun-26 €19.3bn 91% 6%2%€17.2bn Securities portfolio GGBs 8.0 T-bills 0.5 Mutual Funds & Equities 0.5 Other/ECB eligible 10.3 19.3bn Securities portfolio Group, Book value, Jun-26, € bn ▪ The “Other/ECB eligible” bonds of €10.3bn is broken down to the following categories: • €6.3bn other sovereign bonds • €1.2bn bonds issued by supranationals • €1.4bn bonds investment grade bonds by other issuers • €1.4bn bonds issued by Greek corporates o/w 16.9bn HQLAs 14% 14% 17% 21% 21% 22% 22% 23% 23% Portfolios evolution Group, Book value Mod. Duration c.2.6Y % of total assets 23% 23% 22% 22% 24%
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43 Customer Funds trends Customer Funds evolution Group, € bn Deposit Mix Greece, € bn 76% 23% 1% Jun-25 75% 24% 1% Sep-25 76% 23% 1% Dec-25 75% 23% 2% Mar-26 74% 24% 2% Jun-26 Core Time State 47.4 49.1 48.9 49.2 52.3 51.3 55.4 58.5 20.3 26.6 3.1 0.6 2.0 29.1 Jun 2025 Mar 2026 Deposits Net Sales Valuation & Other Jun 2026 Deposits AUMS 71.6 82.0 87.6 +22% +7%
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44 Deposits flow per quarter Alpha Bank deposits evolution in Greece Alpha Bank deposits evolution in Greece Deposits breakdown – June 2026 Note: Business deposits include State deposits. Deposits breakdown – June 2026 Core Time Sep-25 Core Time Dec-25 Core Jun-26TimeCoreMar-26Time (0.6) (0.0) 47.4 0.9 0.8 49.1 0.4 48.9 0.3 49.2 1.6 1.4 52.3 Jun-25 Δ Core Δ Time 74% 26% Core Time Indiv. Mar-26 Bus. Indiv. Jun-26Bus.Jun-25 Bus. Indiv. Sep-25 Indiv. Dec-25 (0.8) (0.2) 47.4 Bus. 0.1 49.1 0.6 48.91.5 49.2 2.9 0.2 52.3 0.5 Δ Business Δ Individuals 41% 59% Business Individuals Greece, € bn Greece, € bn Q3: €1.7bn Q4: (€0.2bn) Q1: €0.3bn Q2: €3.0bn
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45 ECB Balances and Liquidity metrics Group LCR & LDR %Group, € bn ECB balances 13.0 9.0 5.0 5.0 5.0 4.0 4.0 2.5 2.6 2.8 2.5 2.3 2.3 2.8 2.7 Dec- 22 Mar- 23 Jun- 23 Sep- 23 Dec- 23 Mar- 24 Jun- 24 Sep- 24 Dec- 24 Mar- 25 Jun- 25 Sep- 25 Dec- 25 Mar- 26 Jun- 26 % over Total Assets ECB Collateral pledged ▪ Credit claims ▪ Other bonds 1| Commercial Surplus defined as the difference between Deposits and Net Loans 194% 80% 194% 80% 195% 79% 184% 79% 176% 80% 197% 78% LCR LDR Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 10.2 10.3 11.2 11.6 11.3 Jun-26 12.6 Commercial Surplus 1 17% 12% 7% 7% 5%17% 5% 3% 4% 4% 3% 3% 3% 4% 3%
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46 Funds under management 8.3 2.9 8.1 1.1 Jun-25 8.9 2.8 8.5 1.1 Sep-25 9.3 2.9 9.0 1.2 Dec-25 9.2 2.9 13.4 1.1 Mar-26 10.3 3.0 14.5 1.3 Jun-26 20.3 21.3 22.4 26.6 29.1 Mutual Funds Fixed Income Equities Managed Accounts Asset Management balances Group, € bn 1.9 2.4 1.8 1.9 Jun-25 2.1 2.6 1.7 2.0 Sep-25 2.3 2.7 1.7 2.2 Dec-25 2.5 2.7 1.7 2.2 Mar-26 2.6 2.9 1.7 2.5 Jun-26 8.1 8.5 9.0 9.0 9.7 Deposits Mutual Funds Fixed Income Equities Private Banking Group, € bn Notes: Investment AUMs also includes Equities & Bonds for non Private Banking customers. Private Banking Investment AUMs also includes AB Mutual Funds. Private Banking Investment AUMs does not include Alpha Life Mutual Funds. Private Banking figures reflect internal client segmentation to other Bank segments amounting to 1bn. 6.8 3.2 0.3 Alpha Asset Management 3rd-party Money Market 10.3 0% 31% 27% 18% 24% MM Bond Balanced Equity Other 35% 23% Mkt Share 13% 2% 35%
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47 Alpha Bank Pages Business Update Business Update Financial Performance Financial Performance Macroeconomic Update Macroeconomic Update PL P&L Balance Sheet Balance Sheet Asset Quality Capital Capital Segmental Information Segmental Information Recent MA Recent M&A Digital Digital ESG ESG 3 12 20 22 35 47 53 59 65 73 75
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48 NPE flows and Cost of Risk trends Cost of Risk bps (over net loans) NPE formation Greece, € bn 0.20 0.18 0.17 0.20 0.15 (0.09) (0.11) (0.10) (0.11)(0.10) (0.02) (0.03) (0.02) (0.02) (0.02) Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Inflows Cures & repayments CPs & write offs 11 12 16 Q2 25 8 10 26 Q3 25 10 8 40 Q4 25 7 8 29 Q1 26 8 6 26 Q2 26 39 44 58 44 39 Servicing fees Securitization expenses Underlying Note: Gross formation including curings, repayments, liquidations and debt forgiveness 0.1 0.1 0.0 0.1 0.0
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49 Gross organic NPE formation in Greece per segment Note: Gross formation including curings, repayments, liquidations and debt forgiveness. (284) 334 70 (353) (38) 320 84 76 58 105 30 2020 2021 2022 2023 2024 2025 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Gross formation (Organic) - Wholesale Greece, € mn Gross formation (Organic) - SBL Greece, € mn Gross formation (Organic) - Retail Greece, € mn (155) 111 0 (60) (8) 55 14 12 13 23 13 202020212022202320242025 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Gross formation (Organic) - Mortgages Greece, € mn (324) 191 74 (237) (1) 239 59 60 40 70 11 202020212022202320242025 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Gross formation (Organic) - Consumer Greece, € mn (141) 32 (4) (55) (29) 26 11 4 5 12 7 202020212022202320242025 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 80 (254) (155) 170 (10) (25) (5) 7 (16) (14) (11) 2020 2021 2022 2023 2024 2025 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26
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50 Auctions and repossession activity evolution Auctioned properties (Conducted) 2Q2026 ▪ The auction activity continues to exhibit a downward trend. During 2Q2026, the volume of conducted auctions remained low, which is reasonable, given the historically low levels of auction activity typically observed in the second quarter. A substantial number of auctions were unsuccessful, primarily due to the lack of bidders. ▪ During H1 2026, the Bank continued with its disinvestment strategy through the completion of €21mn foreclosed assets sales in Greece (including €11mn Skyline perimeter) and €1mn in Cyprus. Sales in Greece included both commercial as well as residential assets. 653 88 94 29%33% FY 2020 42% FY 2021 40% FY 2022 FY 2023 23% FY2024 FY2025 1.344 236 199 749 1.729 Conducted % of successful over conducted auctions Q1 2026 15%25% 116 116 116 484 470 413 Balance FY25A Inflows -21 Outflows -1 Other Balance 6M26A -58 Held for sale Balance 6M26A (excl. Held for sale) 621 5 606 549 2 3 -22 -15 2020 20 Foreclosed Assets Evolution 6M26 (excl. own used) Greece Cyprus SEENote 1: Including €7mn equity participation Q2 2026
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51 Detailed overview of asset quality by portfolio - Greece (€ bn) Wholesale SBL Mortgages Consumer Total Gross loans 33.5 1.9 6.0 2.2 43.7 (-) Accumulated Provisions (0.2) (0.2) (0.3) (0.2) (0.8) Net loans 33.4 1.7 5.7 2.1 42.9 NPLs 0.1 0.2 0.5 0.2 1.0 NPL ratio 0.3% 12.7% 8.7% 6.9% 2.4% NPEs 0.2 0.3 0.8 0.2 1.5 NPE ratio 0.6% 16.1% 13.8% 9.8% 3.5% NPL collateral 0.1 0.2 0.5 0.0 0.8 NPE collateral 0.1 0.2 0.8 0.1 1.2 Coverage ratio NPLs 0.1 0.2 0.5 0.2 1.0 (+) Forborne NPLs < 90 dpds 0.0 0.1 0.3 0.1 0.4 (+) Unlikely to pay 0.0 0.0 0.0 0.0 0.1 NPEs 0.2 0.3 0.8 0.2 1.5 Forborne NPLs >90dpd 0.0 0.1 0.2 0.1 0.3 Forborne NPLs <90dpd 0.0 0.1 0.3 0.1 0.4 Performing forborne 0.1 0.1 0.5 0.1 0.8 Total forborne 0.1 0.2 1.0 0.2 1.5 147% 86% 82% 64% 59% 37% 104% 74% 81% 54% 69% 78% 69% 70% 92% 93% 30% 30% 75% 78% 216% 164% 151% 135% 151% 130% 134% 104% 156% 132% NPL NPE NPL NPE NPL NPE NPL NPE NPL NPE Collateral Cash
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52 Detailed overview of asset quality by portfolio - Group (€ bn) Wholesale SBL Mortgages Consumer Total Gross loans 35.3 2.0 7.0 2.3 46.6 (-) Accumulated Provisions (0.2) (0.2) (0.4) (0.2) (0.9) Net loans 35.1 1.8 6.6 2.2 45.6 NPLs 0.1 0.2 0.6 0.2 1.1 NPL ratio 0.4% 12.7% 8.5% 7.2% 2.5% NPEs 0.2 0.3 0.9 0.2 1.7 NPE ratio 0.6% 16.1% 13.0% 9.9% 3.6% NPL collateral 0.1 0.2 0.5 0.1 0.8 NPE collateral 0.2 0.2 0.8 0.1 1.3 Coverage ratio NPLs 0.1 0.2 0.6 0.2 1.1 (+) Forborne NPLs < 90 dpds 0.1 0.1 0.3 0.1 0.4 (+) Unlikely to pay 0.0 0.0 0.0 0.0 0.1 NPEs 0.2 0.3 0.9 0.2 1.7 Forborne NPLs >90dpd 0.0 0.1 0.2 0.1 0.4 Forborne NPLs <90dpd 0.1 0.1 0.3 0.1 0.4 Performing forborne 0.1 0.1 0.5 0.1 0.8 Total forborne 0.2 0.2 1.0 0.2 1.6 144% 86% 82% 65% 60% 39% 103% 75% 81% 55% 74% 81% 68% 70% 89% 91% 30% 31% 74% 77% 217% 167% 151% 135% 148% 130% 133% 105% 155% 132% NPL NPE NPL NPE NPL NPE NPL NPE NPL NPE Collateral Cash
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53 Alpha Bank Pages Business Update Business Update Financial Performance Financial Performance Macroeconomic Update Macroeconomic Update PL P&L Balance Sheet Balance Sheet Asset Quality Asset Quality Capital Segmental Information Segmental Information Recent MA Recent M&A Digital Digital ESG ESG 3 12 20 22 35 47 53 59 65 73 75
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54 H1 26 evolution in Capital 0.7% Organic Capital Generation 1.5% 0.4% Dec-25 H1 26 Organic capital (0.5%) other capital elements Transactions & one-offs 15.4% Jun-26 14.3% Jun-26 post dividend accrual (0.2%) AT1 (0.1%) RWAs (0.9%) DTC (0.2%) DTA 15.4% CET1 q/q % RWAs q/q % 29.5 30.7 1.2 0.1 3.50.6 Mar-26 Credit Market Operational 3.50.7 Jun-26 33.5 0.0 34.8 €1.30bn Operational Market Credit
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55 Actuals and regulatory requirements 1.6% Q2 2026 CET1 Required 14.3% Q2 2026 CET1 1.5%0.5% Q2 2026 T1 Required 16.4% Q2 2026 T1 2.0% 0.7% Q2 2026 OCR 19.3% Q2 2026 CAD 27.5% 30.06.2026 MREL Final Binding Target (incl. CBR) 4.5% Q2 2026 MREL Pillar 1 CCB O-S II P2R 10.1% 14.3% 12.1% 16.4% 14.8% 19.3% 27.5% 29.3% CCyB 0.4% 2.5% 1.0% 29.3%
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56 Regulatory Capital composition € mn 9.5% Tangible book value / Tangible Assets Equity to regulatory capital bridge 700 1,037 (666) 4,997 5,697 6,734 Ordinary Equity Intangibles Tangible Book Value DTA deduction DTC accelaration CET1 AT1 & Hybrids Tier 1 Lower Tier II Total CAD 7,773 8,330 (557) Other (1,880) (230)
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57 Group RWAs and Regulatory Capital Group Risk Weighted Assets evolution € bn 30.3 31.5 1.2 0.1 3.5 3.5 0.6 Mar 2026 Credit Market 0.0 Operational 0.7 Jun 2026 34.3 35.6 €1.32bn Credit Risk Weights per portfolio DTA & Tax Credit with CET1 Capital € bn % Credit Market Operational 46% 100% 48% Performing Net NPE Total Loan Portfolio RWA Density 0.7 0.7 1.9 1.9 0.0 Jun 2026(phased-in) 0.0 Jun 2026 2.7 2.7 DTA 250% RWf DTC 100% RWf CET1 5.0 5.0 DTC IFRS9 Other DTA
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58 Further progress towards meeting MREL Requirements 18.6% 21.21% 1| The Combined Buffer Requirement (CBR) applies on top of MREL target. 2| Including period profits. 3| MREL requirements applicable only to the Bank on a consolidated basis. CBR applicable as of the reference date MREL Binding Target Senior Preferred Other MREL eligible liabilities Total Capital Ratio Group 2 1 Issuance date Tenor Size (€mn) Next Call Maturity Coupon AT1 08/02/2023 PerpNC5.5 400 08/02/2028 Perpetual 11.875% 10/09/2024 PerNC6 300 10/06/2030 Perpetual 7.5% Tier II 23/07/2025 11NC6 500 23/07/2031 23/07/2036 4.308% 13/06/2024 10.25NC5.25 500 13/06/2029 13/09/2034 6.00% Senior preferred 23/09/2021 6.5NC5.5 500 23/03/2027 23/03/2028 2.50% 13/02/2023 6NC5 70 13/02/2028 13/02/2029 6.75% 27/06/2023 6NC5 500 27/06/2028 27/06/2029 6.875% 22/11/2023 6NC5 50 22/11/2028 22/11/2029 6.50% 12/02/2024 6.25NC5.25 400 12/05/2029 12/05/2030 5.00% 30/10/2025 6NC5 500 30/10/2030 30/10/2031 3.125% 10/02/2026 7NC6 750 10/02/2032 10/02/2033 3.500% 06/05/2026 6NC5 600 06/05/2031 06/05/2032 3.750% 3 ▪ No subordinated MREL requirement ▪ Expect Alpha Bank to continue to be a regular issuer in the debt capital markets Outstanding Debt Instruments ▪ MREL ratio as of 30.06.2026 stands at 29.3%, well above the final MREL binding target of 30.06.2026 (27.52%). 23.58% 19.33% 3.94% 9.67% 30.06.2026 MREL Final Binding Target (incl. CBR) 27.52% MREL ratio Q2 2026 Group 29.34% 0.33%
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59 Alpha Bank Pages Business Update Business Update Financial Performance Financial Performance Macroeconomic Update Macroeconomic Update PL P&L Balance Sheet Balance Sheet Asset Quality Asset Quality Capital Capital Segmental Information Recent MA Recent M&A Digital Digital ESG ESG 3 12 20 22 35 47 53 59 65 73 75
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60 Retail (in €mm) H1 2026 H1 2025 ∆difference, % Net loans 8,693 8,906 (2%) Deposits 35,491 34,585 3% Total revenues 371 360 3% Recurring Operating expenses (204) (193) 6% Normalised Profit 94 107 (13%) Allocated CET1 @13% 734 774 (5%) Cost / Income ratio 55% 54% 2% RoCET1 ratio1 25% 26% (4%) 1I Return on FL CET1 employed capital at 13% management target. 2I Includes profit after tax from Performing Assets; Based on Normalised profit after tax. 3I Based on Normalised profit after tax. Contribution to Group Revenues, ’Q1 24 Deposits y/y REVENUES / PROFITABILITY VOLUMESKey figures RoCET11COST / INCOME Revenues y/y Profits3 y/y Net Loans y/y H1 2025 H1 2026 54% 55% H1 2025 H1 2026 26% 25% (1p.p.) 31% Contribution to Group Revenues, ’H1 26 Contribution to Group recurring profits, ’H1 26 19% +€11mn (€14mn) €0.9bn +0.5mn(0.2bn) 2
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61 Wholesale (in €mm) H1 2026 H1 2025 ∆difference, % Net loans 32,294 28,863 12% Deposits 12,970 10,235 27% Total revenues 518 480 8% Recurring Operating expenses (107) (92) 16% Normalised Profit 272 259 5% Allocated CET1 @13% 2,536 2,187 16% Cost / Income ratio 21% 19% 7% RoCET1 ratio1 22% 25% (10%) 1I Return on FL CET1 employed capital at 13% management target. 2I Includes profit after tax from Performing Assets; Based on Normalised profit after tax. 3I Based on Normalised profit after tax. Contribution to Group Revenues, ’Q1 24 Deposits y/y REVENUES / PROFITABILITY VOLUMESKey figures RoCET11COST / INCOME Revenues y/y Profits3 y/y Net Loans y/y H1 2025 H1 2026 19% 21% H1 2025 H1 2026 25% 22% (3p.p.) 43% Contribution to Group Revenues, ’H1 26 Contribution to Group recurring profits, ’H1 26 55% +€38mn +€13mn €2.7bn €3.4bn 2
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62 Wealth (in €mm) H1 2026 H1 2025 ∆difference, % Assets under Management 29,088 20,267 44% Total revenues 95 76 26% Recurring Operating expenses (35) (30) 18% Normalised Profit 45 35 30% Allocated CET1 @13% 38 24 60% Cost / Income ratio 37% 39% (6%) RoCET1 ratio1 268% 289% (7%) 1I Return on FL CET1 employed capital at 13% management target. 2I Includes profit after tax from Performing Assets; Based on Normalised profit after tax. 3I Based on Normalised profit after tax Contribution to Group Revenues, ’Q1 24 Mutual Funds y/y REVENUES / PROFITABILITY VOLUMESKey figures RoCET11COST / INCOME Revenues y/y Profits3 y/y Other AUMs y/y H1 2025 H1 2026 39% 37% H1 2025 H1 2026 289% 268% (21p.p.) 8% Contribution to Group recurring profits, ’H1 26 Contribution to Group Revenues, ’H1 26 9% +€20mn +€11mn €2bn €6.8bn 2
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63 International (in €mm) H1 2026 H1 2025 ∆difference, % Net loans 2,750 1,714 60% Deposits 6,206 3,856 61% Total revenues 110 78 41% Recurring Operating expenses (67) (43) 56% Normalised Profit 46 47 (2%) Allocated CET1 @13% 339 271 25% Cost / Income ratio 60% 55% 10% RoCET1 ratio1 28% 36% (24%) 1I Return on FL CET1 employed capital at 13% management target. 2I Includes profit after tax from Performing Assets; Based on Normalised profit after tax. REVENUES / PROFITABILITY VOLUMESKey figures RoCET11COST / INCOME Revenues y/y Profits y/y H1 2025 H1 2026 55% 60% H1 2025 H1 2026 36% 28% (9p.p) Deposits y/y Net Loans y/y 9% 9% Contribution to Group Revenues, ’H1 26 Contribution to Group recurring profits, ’H1 26 +€32mn (€1mn) €2.4bn €1bn 2
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64 NPAs and Corporate Center (in €mm) H1 2026 H1 2025 ∆difference, % Net loans 1,471 1,006 46% Assets 2,292 1,824 26% Total revenues 19 13 44% Recurring Operating expenses (24) (23) 6% Normalised Profit (18) (38) (52%) Allocated CET1 @13% 252 223 13% RoCET1 ratio1 (16%) (42%) … Non Performing Assets (NPAs) (in €mm) H1 2026 H1 2025 ∆difference, % Assets 22,542 20,448 10% TBV 1,763 1,562 13% Total revenues 100 103 (3%) Recurring Operating expenses (31) (31) (0%) Normalised Profit 55 54 2% Allocated CET1 @13% 625 500 25% RoCET1 ratio1 19% 21% (9%) Corporate Center 1I Return on FL CET1 employed capital at 13% management target. 2I Includes profit after tax from Performing Assets; Based on Normalised profit after tax 2% (4%) 8% 11% Contribution to Group Revenues, ’H1 26 Contribution to Group Revenues, ’H1 26 Contribution to Group recurring profits, ’H1 26 Contribution to Group recurring profits, ’H1 262 2
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65 Alpha Bank Pages Business Update Business Update Financial Performance Financial Performance Macroeconomic Update Macroeconomic Update PL P&L Balance Sheet Balance Sheet Asset Quality Asset Quality Capital Capital Segmental Information Segmental Information Recent M&A Digital Digital ESG ESG 3 12 20 22 35 47 53 59 65 73 75
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66 Value-accretive M&A accelerating our strategy: >9% EPS accretion at <100bps of Capital Retail EPS Capital impact Full integration date Closing Fintech factoring platform enhancing our solutions for SMEs in Greece and Cyprus Consolidating 3rd largest bank position in Cyprus with complementary franchise, doubling profitability and improving performance in the country Enhancing fee-generating capabilities by creating the leading IB platform in Greece and Cyprus expanding our corporate offering ROTE Strategic combination of insurance activities in Cyprus, between Universal Life Insurance and Altius Announced +5% in 2027 c. 40bp H2 2026 31/10/25 + c.60bp 27/02/25 + 1.4% in 2027 < 20bp H2 2026 16/12/25 + c. 15bp 31/03/25 Accretive in 2025 Minimal Q1 2027 05/08/25 n/a 28/01/25 +2% in 2027 c. 23bps 2027 Q4 ’26- 2027 + >30bp 19/12/25 Acquisition of Alpha Trust, a leading independent asset manager in Greece +1% in 2027 c. 17bps Q2 27 24/06/26 + >10bps 07/04/26 Closed Closed Closed Closed
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67 Flexfin expands factoring platform enhancing solutions for SMEs Innovative factoring platform, primarily serving Greek and Cypriot small and medium enterprises. Focus on an underpenetrated market segment with significant growth potential and strong risk-adjusted returns Best-in-class, data-driven IT infrastructure within a customer-centric environment, whilst offering a tailored product range adhering to strict regulatory requirements Higher revenues from faster market penetration and cross-sale opportunities in the high-potential factoring segment Cost-effectiveness through leveraging Flexfin’s strong IT platform Enhanced expertise in factoring space as co-founders strengthen existing team M&A criteria fully met 100% cash acquisition minimal capital impact >€1bn target for factoring financing 4.5k SMEs target perimeter EPS accretive in Year 1
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68 AstroBank acquisition consolidates third largest bank position in Cyprus 1| Based on European Commission’s European Economic Forecast report as of November 2024; 2| Based on 1H24 financials 100% cash acquisition of the banking operations of AstroBank Fast growing Eurozone economy with real GDP growth of 2.5% over 2025-2026, outpacing broader Euro area (1.6%)1 Consolidating position as third largest bank in Cyprus with c.10% market share in assets • Uplift in loans +>60% and deposits c. +70% in Cyprus • Profitability doubled with significant performance uplift Complementary franchises with AstroBank contributing diversified loan book skewed towards SMEs Key financials2 4th Largest bank in Cyprus by net loans market share €0.8bn Net loans to customers €2.2bn Customers’ deposits 15 Branches >€250mn TBV 1| Based on European Commission’s European Economic Forecast report as of November 2024; 2| Based on 1H24 financials
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69 Significant EPS & RoTE accretion with limited impact on capital Impact of transaction on Alpha Bank: Combined entity in Cyprus will contribute c. €100mn of net income to Alpha Bank Group post cost synergies Exposure in Cyprus will increase from c. 5% to >8% of Alpha Group’s total assets1 Further upside in revenues through the acquisition of c. 50k new customers not in estimates NPE ratio neutral transaction for Group M&A criteria fully met c. 5% EPS accretion from year 2 > 40% Return on Capital employed c. 60bps ROTE uplift c. 40bps CET1 impact 1| Pro-forma based on 1H24 financials ; 2| pro forma on a fully phased-in synergies basis
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70 AXIA acquisition to form the regional IBCM leader Creating the largest and only vertically integrated Investment Banking and Capital Markets (IBCM) platform in Greece and Cyprus AXIA's expertise in financial advisory complements Alpha's existing IBCM and financing services, expanding the offering suite to clients Leveraging the combined offering will support clients vis-a-vis growth initiatives and international expansion Unicredit partnership will enhance the combined entity's international presence and credentials Group revenues from investment banking and capital markets to triple following the transaction1 1| Pro-forma based on FY24 financials ; 2| pro forma on a fully phased-in synergies basis M&A criteria fully met c. 1.4%2 EPS accretion from year 2 > 20% Return on Capital employed c. 15bps ROTE uplift < 20bps CET1 impact
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71 Scaling our top3 presence in Cyprus Alpha Bank announced agreement on the key commercial and legal terms of strategic insurance transactions in Cyprus between Universal Life and Altius: ▪ The acquisition of 100% of Altius Insurance; definitive agreement executed and completion expected in 2026, subject to customary conditions and regulatory approvals; and ▪ And the Merger of Universal Life and Altius into a single Combined Entity, in which Alpha Bank Group will acquire a majority stake. Creates the 3rd-largest insurance platform in Cyprus, strengthening Alpha’s franchise with scale across Life, Health and Non-Life Expands distribution reach through c. 400 agents and >100k clients, enabling deeper penetration and two-way cross-selling with banking Enhances Group earnings resilience via capital-light, fee-based income and exposure to a fast-growing, high-penetration insurance market M&A criteria fully met c. 2% EPS accretion > 20% Return on Capital employed > 30bps ROTE uplift c. 23bps CET1 impact
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72 Alpha Trust reinforces our leading position in Wealth Management Acquisition of 69.61% in Alpha Trust Holdings and VTO1 for remainder. Alpha Trust is a leading independent asset manager with >€2.2bn of AuMs (+19% CAGR 2022-2025) retail, private and institutional clients. Expands client base, including a meaningful number of HNWI2, supporting further growth in AuMs Enhances product offering, with a wider suite of mutual funds and alternative investment solutions Supports the development of the offshore wealth proposition Addition of a seasoned management team and a strong pool of private banking and asset management professionals. Completion of the transaction in 24.06.2026, following receipt of the regulatory approvals M&A criteria fully met c. 1% EPS accretion >15% Return on Capital employed >10bps ROTE uplift c. 17bps CET1 impact 1| Voluntary Tender Offer; 2| High net worth individuals
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73 Alpha Bank Pages Business Update Business Update Financial Performance Financial Performance Macroeconomic Update Macroeconomic Update PL P&L Balance Sheet Balance Sheet Asset Quality Asset Quality Capital Capital Segmental Information Segmental Information Recent MA Recent M&A Digital ESG ESG 3 12 20 22 35 47 53 59 65 73 75
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74 Continuous improvement in key digital metrics +16.5% Mobile Transactions YoY 30.4% Digital Sales (of total sales) ~ 9 in 10 Consumer loans originated digitally 35% Credit cards issued Digitally (like for like) Metric Digital Sales Active Users (m) 2024 2025 2026 Q1 27% 31% 31.5% 2.0 2.0+ 2.1 98% Transaction penetration 61% Individual client penetration 74% Business client penetration Overall Digital Penetration % Digital Sales by Product Prepaid Cards Consumer Loans Term Deposits Credit Cards Debit Cards 89% 46% 35% 36% 86% 2026 Q2 30.4% 2.1
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75 Alpha Bank Pages Business Update Business Update Financial Performance Financial Performance Macroeconomic Update Macroeconomic Update PL P&L Balance Sheet Balance Sheet Asset Quality Asset Quality Capital Capital Segmental Information Segmental Information Recent MA Recent M&A Digital Digital ESG 3 12 20 22 35 47 53 59 65 73 75
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76 Our approach to ESG business opportunities We are committed to supporting a transition to a resilient, Net-zero economy by 2050 Value creation impact Sustainability growth strategy » Setting Science-Based Targets for material sectors, to align our portfolio with the Paris Objectives, mitigate transition risk & allocate capital to support our clients’ transition » Sustainable Finance Framework lays the groundwork for Green & Social lending, including tailored pricing to incentivize and facilitate sustainable investments » Green Bond Framework provides a transparent mechanism to allocate funding towards projects that advance environmental objectives, in line with investor goals » Climate and Environmental Risk Management integrated within our credit & investment appraisal cycle » Client engagement to support energy transition, including providing guidance & expertise in accessing co-financing programs » Decarbonizing Own Operations through various initiatives to drive energy efficiency and emissions’ reduction 64% of in-scope emissions & c. 80% of exposure covered by science based targets1 € 2.9 billion for Sustainable Disbursements since 2025 Green Bond Issuances € 500 million Green Preferred Bond issued in 2025 € 600 million Green Preferred Bond issued in 2026 Zero financing to new investments in thermal coal mining, upstream oil exploration or coal-fired electricity generation € 402 million In new sustainable loans via co-funding programs2 since 2025 38% Share of renewable sources in total energy consumption 1. Excluding shipping | 2. Includes projects co-funded with the EU Recovery & Resilience Facility, InvestEU program et al
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77 1. Before exclusions on segments on value chain covered and SMEs 2. Excluding shipping financed emissions Net Zero targets disclosed = Commitment Strategy Governance › Target setting and monitoring › Risk management › Transition products › Engaging with our clients › Engaging with other stakeholders › Processes › Roles › Training Progress › Transition paths for disclosed targets › Expansion of portfolio coverage Design elements Baseline Progress Target Sector Value chain Measure Primary metric Emission coverage Year Value by 31.12.2025 by 2030 Power generation Generation only Physical intensity kgCO2e / MWh Scope 1 2022 223 142 132 Oil & Gas Refining Absolute financed emissions Indexed tCO2e of 2022 = 100 Scope 1 + 2 2022 100 104.3 74 Cement Clinker & cement manufacturing Physical intensity kgCO2e / t Cement Scope 1 + 2 2022 687 623 584 Iron & Steel Manufacturing & casting Physical intensity kgCO2e / t Steel Scope 1 + 2 2022 540 390 Intensity of portfolio to remain below the reference pathway 1. Before exclusions on segments on value chain covered and SMEs 2. Excluding shipping financed emissions The targets have been set taking into account clients’ decarbonization plans While reducing transition risk, these targets will not materially constrain the Bank’s ability to serve these sectors The Bank is monitoring these sectors, and how its clients are progressing towards meeting their targets The Bank has identified a set of contingency actions, if required These sectors represent ~20% 1,2 of exposure and ~64% 2 of financed emissions (excluding Shipping) of NZBA sectors
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78 Driving Sustainable Progress Support an Environmentally Sustainable Economy € 785 million for Sustainable Disbursements in 2026 Advancing our Net Zero target setting through higher portfolio coverage and transition plan € 6.6 million for Circularity-related Projects in 2025 38% Share of renewable sources in total energy consumption Zero financing to new investments in thermal coal mining, upstream oil exploration or coal-fired electricity generation Ensure Robust and Transparent Governance 45% Women at Board of Directors 73% Independent Non-Executive Board Members All Committee Chairs are Independent 2 Women Committee Chairs 43% Women in managerial posts at Group level Full ESG integration into policies and processes Foster Healthy Economies and Societal Progress 87% branches of the Group are accessible1 172,235 beneficiaries From CSR initiatives in 2025 90% of Employees participated in regular performance and career development reviews 0.11% CSR spend to operating income Education & Health 4 programs implemented for financial inclusion 97% of own workforce who are covered by health and safety management system € 328 million for Disbursements of Retail Green and Social Loans and Sustainable Loans to small businesses Green Bond Issuances € 500 million Green Preferred Bond issued in 2025 € 600 million Green Preferred Bond issued in 2026 1. Alpha Bank S.A : 85% accessible , Alpha Bank Cyprus: 100% accessible
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79 Recognition of our commitment to Sustainability 1. Ratings are displayed as per 31/12/2025 2. Europe’s Climate Leaders 2026: interactive listing CCC B BBB A AA AAABB Severe Risk (100-40) High Risk (40-30) Low Risk (20-10) Medium Risk (30-20) Negligible Risk (10-0) C- BB-C A- AD- D Disclosure Awareness Management Leadership 10 9 8 7 6 5 4 3 2 1 10 9 8 7 6 5 4 3 2 1 E S Poor (0-19) Below Average (20-39) Average (40-59) Good (60-79) Excellent (80-100) 10 9 8 7 6 5 4 3 2 1G
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80 Glossary (1/5) Reference number Terms Definitions Relevance of the metric Abbreviation 1 Accumulated Provisions and FV adjustments Sum of Provision for impairment losses for loans and advances to customers, the Provision for impairment losses for the total amount of off balance sheet items exposed to credit risk as disclosed in the Consolidated Financial Statements of the reported period,and the Fair Value Adjustments (10). Standard banking terminology LLR 2 Core Banking Income Sum of Net interest income (24) and Fee services income (11) of the reported period. Profitability metric 3 Core deposits Sum of "Current accounts", "Savings accounts" and "Cheques payable", as derived from the Consolidated Financial Statements of the reported period, taking into account the impact from any potential restatement. Standard banking terminology Core depos 4 Core Operating Income Operating Income (38) less Income from financial operations (20) less management adjustments on operating income for the corresponding period. Profitability metric 5 Core Pre-Provision Income Core Operating Income (4) for the period less Recurring Operating Expenses (49) for the period. Profitability metric Core PPI 6 Cost of Risk Impairment losses (15) for the period divided by the average Net Loans of the relevant period. Average balances is defined as the arithmetic average of balance at the end of the period and at the end of the previous period. Asset quality metric (Underlying) CoR 7 Cost/Assets Recurring Operating Expenses (49) for the period (annualised) divided by Total Assets (20). Efficiency metric 8 Deposits The figure equals Due to customers as derived from the Consolidated Balance Sheet of the reported period. Standard banking terminology 9 Extraordinary costs Management adjustments on operating expenses, that do not relate to other PnL items. Standard banking terminology 10 Fair Value adjustments The item corresponds to the accumulated Fair Value adjustments for non-performing exposures measured at Fair Value Through P&L (FVTPL). Standard banking terminology FV adj. 11 Fee services income Sum of and Net fee and commission income as derived from the Consolidated Financial Statements of the reported period, including the dividend stream from equity investments in REITs, excluding Gain/(Losses) from valuation of investment properties Profitability metric Fees 12 Fully-Loaded Common Equity Tier 1 ratio Common Equity Tier 1 regulatory capital as defined by Regulation No 2024/1623 (Full implementation of Basel 3) , divided by total Risk Weighted Assets Regulatory metric of capital strength FL CET 1 ratio 13 Gross Loans The item corresponds to Loans and advances to customers, as reported in the Consolidated Balance Sheet of the reported period, gross of the Accumulated Provisions and FV adjustments (1) excluding the accumulated provision for impairment losses on off balance sheet items, as disclosed in the Consolidated Financial Statements of the reported period. Standard banking terminology 14 Impact from NPA transactions Management adjustments to income and expense items as a result of NPE/NPA exposures transactions Asset quality metric 15 Impairment losses Impairment losses on loans (17) excluding impairment losses on transactions (18). Asset quality metric 16 Impairment losses of which Underlying Impairment losses (15) excluding Loans servicing fees and Commision expenses for credit protection as disclosed in the Consolidated Financial Statements of the reported period. Asset quality metric 17 Impairment losses on loans Impairment losses and provisions to cover credit risk on Loans and advances to customers and related expenses as derived from the Consolidated Financial Statements of the reported period, taking into account the impact from any potential restatement, less management adjustments on impairment losses on loans for the corresponding period.Management adjustments on impairment losses on loans include events that do not occur with a certain frequency, and events that are directly affected by the current market conditions and/or present significant variation between the reporting periods. Standard banking terminology LLP
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81 Glossary (2/5) Reference number Terms Definitions Relevance of the metric Abbreviation 18 Impairment losses on transactions Represent the impact of incorporating sale scenario in the estimation of expected credit losses. Asset quality metric 19 Impairments & Gains/(Losses) on financial instruments, fixed assets and equity investments Sum of Impairment losses of fixed assets and equity investments ,Gains/(Losses) on disposal of fixed assets and equity investments and o/w Impairment losses, provisions to cover credit risk on other financial instruments as derived from the Consolidated Income Statement of the reported period, less management adjustments on Impairments & Gains/(Losses) on fixed assets and equity investments. Management adjustments on Impairments & Gains/(Losses) on financial instruments, fixed assets and equity investments include events that do not occur with a certain frequency, and events that are directly affected by the current market conditions and/or present significant variation between the reporting periods. Standard banking terminology 20 "Income from financial operations" or "Trading Income" Sum of Gains less losses on derecognition of financial assets measured at amortised cost and Gains less losses on financial transactions, as derived from the Consolidated Income Statement of the reported period ,adding the NII effect resulting from the hedge of the net investment in RON through foreign exchange swap derivatives, amounting to €1.5m in Q4 2024, €2.5m in Q1 2025, €3.1m in Q2 2025, €4m in Q3 2025 and €2.4m in Q4 25, and less management adjustments on trading income for the corresponding period. Management adjustments on trading income include events that do not occur with a certain frequency, and events that are directly affected by the current market conditions and/or present significant variation between the reporting periods. Standard banking terminology 21 Income tax The figure equals Income tax as disclosed in the Consolidated Financial Statements of the reported period, less management adjustments on income tax for the corresponding period. Management adjustments on income tax include events that do not occur with a certain frequency, and events that are directly affected by the current market conditions and/or present significant variation between the reporting periods. Standard banking terminology 22 Leverage Ratio This metric is calculated as Tier 1 capital divided by Total Assets (59). Standard banking terminology 23 Loan to Deposit ratio Net Loans (26) divided by Deposits (8) at the end of the reported period. Liquidity metric LDR or L/D ratio 24 Net Interest Income Net interest income as derived from the Consolidated Financial Statements of the reported period, excluding the NII effect resulting from the hedge of the net investment in RON through foreign exchange swap derivatives, amounting to €1.5m in Q4 2024 and €2.5m in Q1 2025, €3.1m in Q2 2025, €4m in Q3 2025 and €2.4m in Q4 25. Profitability metric NII 25 Net Interest Margin Net interest income (24) for the period (annualised) divided by the average Total Assets (59) of the relevant period. Average balance is defined as the arithmetic average of balance at the end of the period and at the end of the previous relevant period. Profitability metric NIM 26 Net Loans Loans and advances to customers as derived from the Consolidated Balance Sheet of the reported period. Standard banking terminology 27 Non Performing Exposure Coverage Accumulated Provisions and FV adjustments (1) plus CET 1 deductions used to cover calendar provisioning shortfall divided by NPEs (30) at the end of the reference period. Asset quality metric NPE (cash) coverage 28 Non Performing Exposure ratio NPEs (30) divided by Gross Loans (13) at the end of the reference period. Asset quality metric NPE ratio 29 Non Performing Exposure Total Coverage Accumulated Provisions and FV adjustments (1) plus the value of the NPE collateral, plus CET 1 deductions used to cover calendar provisioning shortfall divided by NPEs (30) at the end of the reported period. Asset quality metric NPE Total coverage 30 Non Performing Exposures Non-performing exposures (30) are defined according to EBA ITS on forbearance and Non Performing Exposures as exposures that satisfy either or both of the following criteria: a) material exposures which are more than 90 days past-due b)The debtor is assessed as unlikely to pay its credit obligations in full without realisation of collateral, regardless of the existence of any past-due amount or of the number of days past due. Q2 2026 NPEs exclude €308m of paying mortgage exposures (under 30dpd) that have been classified as Stage 3 following a Bank-initiated reprofiling (€219m in Q1 2026 and €70m in Q4 2025). Asset quality metric NPEs 31 Non Performing Exposures Collateral Coverage Value of the NPE collateral divided by NPEs (30) at the end of the reference period. Asset quality metric NPE collateral Coverage
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82 Glossary (3/5) Reference number Terms Definitions Relevance of the metric Abbreviation 32 Non Performing Loan Collateral Coverage Value of collateral received for Non Performing Loans (30) divided by NPLs (36) at the end of the reference period. Asset quality metric NPL collateral Coverage 33 Non Performing Loan Coverage Accumulated Provisions and FV adjustments (1) plus CET 1 deductions used to cover calendar provisioning shortfall divided by NPLs (36) at the end of the reference period. Asset quality metric NPL (cash) Coverage 34 Non Performing Loan ratio NPLs (36) divided by Gross Loans (13) at the end of the reference period. Asset quality metric NPL ratio 35 Non Performing Loan Total Coverage Accumulated Provisions and FV adjustments (1) plus the value of the NPL collateral, plus CET 1 deductions used to cover calendar provisioning shortfall divided by NPLs (36) at the end of the reference period. Asset quality metric NPL Total Coverage 36 Non Performing Loans Non Performing Loans (36) are Gross loans (13) that are more than 90 days past-due. Asset quality metric NPLs 37 Normalised Net Profit after (income) tax Normalised profits between financial year 2022 and 2021 are not comparable due to initiation of a new normalized profits procedure effective since 1.1.2022 which does not exclude specific accounts such as the trading gains account and is based on specific principles and criteria. Main Income and expense items that are excluded for purposes of the normalized profit calculation are listed below: 1. Transformation related: a. Transformation Costs and related Expenses b. Expenses and Gains/Losses due to Non-Core Assets’ Divestiture c. Expenses/Gains/Losses as a result of NPE/NPA exposures transactions’ 2. Other non-recurring related: a. Expenses/Losses due to non anticipated operational risk b. Expenses/Losses due to non anticipated legal disputes c. Expenses/Gains/Losses due to short-term effect of non-anticipated and extraordinary events with significant economic impact d. Non-recurring HR/Social Security related benefits/expenses e. Impairment expenses related to owned used [and inventory] real estate assets f. Initial (one off) impact from the adoption of new or amended IFRS g. Tax related one-off expenses and gains/losses 3. Income Taxes Applied on the Aforementioned Transactions. Profitability metric Normalised Net PAT 38 Operating Income Sum of Net interest income (24), Fee services income (11), Income from financial operations or Trading Income (20) and Other income (39) of the reported period, taking into account the impact from any potential restatement. Standard banking terminology 39 Other (operating) income Sum of Dividend income, Gain/(Losses) from valuation of investment properties and Other income as derived for the Consolidated Income Statements of the reported period, taking into account the impact from any potential restatement, excluding the dividend stream from equity investments in REITs. Standard banking terminology 40 Other adjustments Include management adjustments for events that occur with a certain frequency, and events that are directly affected by the current market conditions and/or present significant variation between the reporting periods and are not reflected in other lines in Income Statement.
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83 Glossary (4/5) Reference number Terms Definitions Relevance of the metric Abbreviation 41 Other items Sum of Impairment losses of fixed assets and equity investments, Gains/(Losses) on disposal of fixed assets and equity investments, o/w Impairment losses, provisions to cover credit risk on other financial instruments, Provisions and transformation costs and Share of profit/(loss) of associates and joint ventures as derived from the Consolidated Financial Statements of the reported period, taking into account the impact from any potential restatement, less management adjustments on other items for the corresponding period. Management adjustments on other items include events that do not occur with a certain frequency, and events that are directly affected by the current market conditions and/or present significant variation between the reporting periods. Standard banking terminology 42 PPI/Average Assets Pre-Provision Income for the period (43) (annualised) divided by Average Total Assets (59) of the relevant period. Average balance is defined as the arithmetic average of balance at the end of the period and at the end of the previous relevant period. Profitability metric 43 Pre-Provision Income Operating Income (38) for the period less Total Operating Expenses (60) for the period. Profitability metric PPI 44 Profit/ (Loss) before income tax Operating Income (38) for the period less Total Operating Expenses (60) plus Impairment losses on loans (17), plus Other items (41) Profitability metric 45 Profit/ (Loss) after income tax from continuing operations Profit/ (Loss) before income tax (44) for the period less Income tax (21) for the period Profitability metric 46 Profit/ (Loss) after income tax from discontinued operations The figure equals Net profit/(loss) for the period after income tax, from Discontinued operations as disclosed in Consolidated Income Statement of the reported period, less management adjustments. Management adjustments on operating expenses include events that do not occur with a certain frequency, and events that are directly affected by the current market conditions and/or present significant variation between the reporting periods. Profitability metric 47 Profit/ (Loss) attributable to shareholders Profit/ (Loss) after income tax from continuing operations (45) for the period, plus Impact from NPA transactions (14), plus Profit/ (Loss) after income tax from discontinued operations (46), plus Other adjustments (40), plus Non-controlling interests as disclosed in Consolidated Income Statement of the reported period. Profitability metric 48 Recurring Cost to Income ratio Recurring Operating Expenses (49) for the period divided by Operating Income (38) for the period. Efficiency metric C/I ratio 49 Recurring Operating Expenses Total Operating Expenses (60) less management adjustments on operating expenses. Management adjustments on operating expenses include events that do not occur with a certain frequency, and events that are directly affected by the current market conditions and/or present significant variation between the reporting periods. Efficiency metric Recurring OPEX 50 Return on Equity Net profit/(loss) attributable to: Equity holders of the Bank (annualised), as disclosed in Consolidated Income Statement divided by the Average balance of Equity attributable to holders of the Company, as disclosed in the Consolidated Balance sheet at the reported date, taking into account the impact from any potential restatement. Average balance is defined as the arithmetic average of the balance at the end of the period and at the end of the previous relevant period. Profitability metric RoE 51 "Return on Tangible Book Value" or "Return on Tangible Equity" Normalised Net Profit after (income) tax (37) (annualised), less “Payment of AT1 dividend”, as disclosed in Consolidated Statement of Changes in Equity divided by the Average balance of adj. Tangible Book Value (57). Average balance is defined as the arithmetic average of the balance at the end of the period and at the end of the previous relevant period. Profitability metric RoTBV or RoTE 52 Return on Tangible Equity (headline) Normalised Net Profit after (income) tax (37) (annualised), less “Payment of AT1 dividend”, as disclosed in Consolidated Statement of Changes in Equity divided by the Average balance of Tangible Book Value (56). Average balance is defined as the arithmetic average of the balance at the end of the period and at the end of the previous relevant period. Profitability metric RoTBV or RoTE (headline)
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84 Glossary (5/5) Reference number Terms Definitions Relevance of the metric Abbreviation 53 Return on Tangible Equity (reported) Net profit/(loss) attributable to: Equity holders of the Bank (annualised), less “Payment of AT1 dividend”, as disclosed in Consolidated Statement of Changes in Equity divided by the Average balance of Tangible Book Value (56). Average balance is defined as the arithmetic average of the balance at the end of the period and at the end of the previous relevant period. Profitability metric RoTBV or RoTE (reported) 54 RWA Density Risk Weighted Assets divided by Total Assets (59) of the relevant period. Standard banking terminology 55 Securities Sum of Investment securities and Trading securities, as defined in the consolidated Balance Sheet of the reported period. Standard banking terminology 56 Tangible Book Value or Tangible Equity Total Equity excluding the sum of Goodwill and other intangible assets, Non-controlling interests and Additional Tier 1 capital & Hybrid securities. All terms disclosed in the Consolidated Balance sheet at the reported date, taking into account the impact from any potential restatement. Standard banking terminology TBV or TE 57 Tangible Book Value or Tangible Equity (Adjusted) Tangible Book Value or Equity (56) less provision for dividend not paid less excess capital calculated on 13% CET1 target. Standard banking terminology Adj. TBV or Adj. TE 58 Tangible Book Value per share Tangible Book Value (56) divided by the outstanding number of shares. Valuation metric TBV/share 59 Total Assets Total Assets (59) as derived from the Consolidated Balance Sheet of the reported period, taking into account the impact from any potential restatement. Standard banking terminology TA 60 Total Operating Expenses Sum of Staff costs, General administrative expenses, Depreciation and amortization, and Other expenses as derived from the Consolidated Income Statement of the reported period taking into account the impact from any potential restatement. Standard banking terminology Total OPEX
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85 Alpha Bank Contacts Internet : www.alpha.gr Reuters : ACBr.AT (shares) Bloomberg : ALPHA GA (shares) Alpha Bank Depository Receipts (ADRs) Reuters : ALBKY.PK Bloomberg : ALBKY US Director Investor Relations Division Iason Kepaptsoglou +30 210 326 2271 iason.kepaptsoglou@alpha.gr Manager Investor Relations Division Stella Traka +30 210 326 2274 stella.traka@alpha.gr Investor Relations Division +30 210 326 2271 +30 210 326 2277 ir@alpha.gr 40 Stadiou Street, 102 52, Athens Senior Specialist Investor Relations Division Selini Milioni +30 210 326 2273 selini.milioni@alpha.gr CFO Vasileios Kosmas vgk-cfo-office@alpha.gr +30 210 326 2291