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Alpha Bank Q3 2026 Results Investor presentation 30th October 2026
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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 he reb y 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 A lpha 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 contai ned 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 acc epted 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 for ming own opinion and conclusion. Certain statements in this presentation may be deemed to be “forward - looking”. You should not place undue reliance on such forwa rd-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 prov e 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 po sition 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 docu ment 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, operati ons, 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 pred ict 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 tho se 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 th e 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 S ervices 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 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 5 13 15 28 40 46 52 58 66 68 Table of contents
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41| 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 a pproval; 4| Adjusted for dividend and buyback 9M 2026 results Payout accrual3 55% or €421mn of 9M 26 reported profit Set strong profitability foundation Resilient Top line & Growth in Fees Asset Quality remains solid despite uncertainty Increase in customer balances Excess capital growth allows for distribution €766mn +8% y/y €779mn +14% y/y €1,325mn +11% y/y €483mn +32% y/y 3.8% 42bp +13% y/y +19% y/y +124bp CET1 Ratio 14.5% or 12.3% reported +11% y/y €124mn interim to be paid in December 2026 NPE ratio Cost of Risk Reported Profit After Tax Normalised Profit After Tax Net Interest Income Fee services income Performing loans Customer funds Organic capital generation Growth in Tangible Book Value4 Return on Tangible Equity1 Earnings Per Share2 €0.31 or €0.31 reported 14.5%
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5 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 5 13 15 28 40 46 52 58 66 68 Table of contents Pages
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6 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 Separa tion scheme in Cyprus and a €20m negative impact from legacy items. Group Profit & Loss Summary Profit & Loss ( € mn) 9M 2025 9M 2026 Δ % Net Interest Income 1,197 1,325 11% Fee services income 365 483 32% Trading & Other Income 66 40 (39%) Operating Income 1,628 1,848 13% Total Operating Expenses (623) (702) 13% Pre Provision Income 1,005 1,146 14% Impairment Losses (137) (142) 4% Profit/ (Loss) before income tax 885 1,013 15% Income Tax (224) (250) 12% Impact from NPA transactions, discontinued operations & other adjustments 46 3 (94%) Reported Profit/ (Loss) after income tax 707 766 8% Normalised Profit After Tax 681 779 14% Q2 2026 Q3 2026 Δ % 436 472 8% 187 156 (16%) 4 5 39% 627 634 1% (241) (232) (4%) 386 402 4% (44) (49) 11% 349 362 4% (82) (90) 10% 49 (4) … 316 269 (15%) 275 283 3%
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7 Group, € mn Q3 26 Group Profit and Loss Impairment losses Operating Expenses Profit After Tax Operating Income 520 583 587 627 634 +1% (211) (227) (229) (241) (232) (4%) (45) (61) (49) (44) (49) +11% 184 237 182 316 269 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 (15%) Q3 y/y +9% +22% +10% +46% • Bottom line -15% q/q • Normalised profit +3% q/q to €283mn • Net interest income +8.2% q/q on higher volumes and rates • Fee services income +6.2% q/q excluding Prodea dividend • Costs -3.8% q/q driven by Q2 26 bonus accrual • 36% cost-income ratio better than guidance • Cost of Risk at 43bp in Q3 • External macro concerns not translating into asset quality deterioration
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81| Excluding senior notes, including CLOs. 2| Adjusted for dividend and buyback Group, € bn Q3 26 Group Balance Sheet Tangible Book Value Customer Funds CET1 ratio Performing loans1 74.2 77.5 82.0 87.6 88.1 +1% 7.6 7.6 7.7 7.8 7.9 +5%2 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026 16.0% 15.4% 15.0% 14.3% 14.5% +11bp 35.7 37.5 38.2 39.9 40.4 +1% +11%2 +13% +19% (155bp) • €0.4bn net credit expansion in Q3 • Growth continues to be driven by corporates • Growth before payouts at 4.6% q/q and 10.7% y/y • 124bp of organic capital generation in 9M, partly absorbed by RWA growth • €421mn of dividend accrual • Deposits up €1.5bn in the quarter driven by corporates • AuM net sales at €0.4bn in the quarter Q3 y/y
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91| Q1 2026 impacted by €9m calendar effect Group, € mn Net interest income and Fees 110 112 116 126 144 410 417 417 433 466 (70) (68) (70) (72) (72) (63) (64) (63) (68) (83) 15 Q3 25 16 Q4 25 16 Q1 261 17 Q2 26 18 Q3 26 402 413 416 436 472 14 14 18 26 2310 46 36 32 32 36 47 32 37 38 35 4233 41 41 38 32 5 2 Q3 25 3 Q4 25 7 4 Q1 26 6 Q2 26 6 7 Q3 26 122 136 140 187 156 Interest Income / Interest Expense breakdown Fee services income Deposits Funding & Other Loans NPE Bonds Loans PE Business credit related Asset management Bancassurance Cards & Payments Real estate income Investment Banking & Other Including €40mn Prodea dividend
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10 2.7 7.2 30.0 Jun 2026 2.9 7.2 30.3 Sep 2026 27.7 7.3 2.6 1.8 2.7 7.2 7.2 26.6 Dec 2025 28.3 Mar 2026 35.7 37.5 38.2 39.9 40.4 Sep 2025 +5% +2% +13% +5% +1% Group, € bn Performing loans and Customer Funds International Greece Individuals Greece Businesses (1%) +14% +57% YoY 1.5 0.4 21.3 Sep 2025 58.5 29.1 Jun 2026 Deposits Net Sales (1.4) Valuation & Other 88.1 Sep 2026 52.9 28.274.2 87.6 59.9 +19% +1% Performing loan book expansion Customer Funds evolution Deposits AuMs
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11 Asset quality NPE coverage Group % Cost of Risk Group, bps NPE ratio at 3.8% 55% 58% 55% 55% 52% Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026 NPE ratio Group % 3.6% 3.6% 3.7% 3.6% 3.8% 8 10 26 10 8 40 7 8 29 8 6 26 83 32 44 58 44 39 43 Coverage at 52% Cost of Risk at 43bp Models to be reviewed in Q4 Servicing fees Securitization expenses Underlying
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12 CET1, % 2.4% 0.6% Transactions Sep-26other capital elements (0.2%) AT1 (0.2%) RWAsDTA (1.2%) DTC (0.3%) 9M 26 Organic capital 15.4% Dec-25 14.5% Sep-26 post dividend accrual 16.1% (0.3%) 35.032.5 9M 26 evolution in Capital 1.2% Organic Capital Generation RWAs, €bn
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13 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 5 13 15 28 40 46 52 58 66 68 Table of contents Pages
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14Sources: European Commission, Eurostat Strong fiscal fundamentals provide a shield against a more challenging external environment Greece stands out on debt reduction and primary balances Energy-driven inflation adds to a more demanding backdrop -35 -30 -25 -20 -15 -10 -5 0 5 10 15 Greece Cyprus Portugal Croatia Spain Ireland Slovenia Denmark Malta Netherlands Italy Euro area Germany EU-27 Lithuania Hungary Sweden Luxembourg Czechia Latvia Austria Slovakia France Belgium Estonia Bulgaria Romania Poland Finland (% GDP) General Government debt (2022-2025 difference) Primary balance (2022-2025, average), rhs
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15 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 5 13 15 28 40 46 52 58 66 68 Table of contents Pages
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161| Q3 2026 includes 0.2mn impact from NPA transactions. 2| Normalised Profit After Tax of €283mn in Q3 2026, is Reported Profit /(Loss) After Tax of 269mn excluding (a) NPA transactions impact of €0.2mn, (b) €11mn on other adjustments and tax charge related to the above. Group Profit & Loss Summary €184mn €237mn €182mn €316mn €269mn Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 +46% (15%) Reported Profit After Tax €216mn €225mn €221mn €275mn €283mn Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 +31% +3% Normalised Profit After Tax2 Profit & Loss ( € mn) 9M 2026 9M 2025 yoy % change Q3 2026 Q2 2026 qoq % change Net Interest Income 1,325 1,197 11% 472 436 8% Fee services income 483 365 32% 156 187 (16%) Trading & Other Income 40 66 (39%) 5 4 39% Operating Income 1,848 1,628 13% 634 627 1% Recurring Operating Expenses (699) (623) 12% (231) (240) (4%) Extraordinary (3) 0 (1) (1) Total Operating Expenses (702) (623) 13% (232) (241) (4%) Pre Provision Income 1,146 1,005 14% 402 386 4% Impairment Losses (142) (137) 4% (49) (44) 11% Profit/ (Loss) before income tax 1,013 885 15% 362 349 4% Income Tax (250) (224) 12% (90) (82) 10% Impact from NPA transactions, discontinued operations & other adjustments1 3 46 (94%) (4) 49 … Reported Profit/ (Loss) after income tax 766 707 8% 269 316 (15%) Normalised Profit After Tax2 779 681 14% 283 275 3% (50%) …
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17 Profit & Loss - Detailed ( € mn) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 qoq% change yoy% change Net Interest Income 402.2 413.3 416.3 436.4 472.2 8.2% 17.4% Fee services income 121.5 136.1 139.7 186.7 156.3 (16.3%) 28.6% Income from financial operations (8.0) 14.2 26.3 (14.9) (1.1) (92.7%) (86.5%) Other income 4.3 19.1 4.8 18.8 6.5 (65.4%) 52.6% Operating Income 519.9 582.7 587.0 627.1 633.9 1.1% 21.9% Staff costs (93.9) (101.7) (107.9) (117.1) (106.2) (9.3%) 13.1% General Administrative Expenses (87.4) (96.7) (85.5) (84.8) (89.9) 6.0% 2.9% Depreciation and amortization (30.0) (34.8) (34.9) (37.7) (34.9) (7.2%) 16.5% Recurring Operating Expenses (211.2) (233.2) (228.3) (239.5) (231.0) (3.6%) 9.4% Extraordinary costs 0.0 6.7 (1.0) (1.4) (0.7) (50.4%) … Total Operating expenses (211.2) (226.5) (229.3) (240.9) (231.7) (3.8%) 9.7% Core Pre-Provision Income 316.7 335.3 332.4 402.4 404.0 0.4% 27.5% Ιmpairment losses (45.4) (61.5) (48.6) (44.2) (49.3) 11.4% 8.5% Other items 12.9 17.4 (6.7) 6.7 9.5 42.2% (26.0%) Impairments & Gains/(Losses) on financial instruments, fixed assets and equity investments 1.6 (6.6) (1.3) (1.0) (1.1) 9.3% … Provisions and transformation costs (2.2) 2.3 0.6 (0.5) (2.7) … 23.8% Share of profit/(loss) of associates and joint ventures 13.4 21.7 (6.0) 8.2 13.3 62.2% (1.2%) Profit/ (Loss) before income tax 276.1 312.1 302.4 348.6 362.4 4.0% 31.3% Income Tax (73.5) (84.4) (79.0) (81.6) (89.5) 9.7% 21.8% Profit/ (Loss) after income tax from continuing operations 202.6 227.7 223.4 267.0 272.9 2.2% 34.7% Impact from NPA transactions (2.5) (4.8) 10.8 (0.7) (0.2) Profit/ (Loss) after income tax from discontinued operations 13.7 8.2 (3.6) 6.1 6.8 Other adjustments (29.4) 5.4 (49.1) 43.3 (10.6) Profit/ (Loss) after Income tax 184.5 236.6 181.5 315.7 268.9 (14.8%) 45.7% Net interest Margin (NIM) 2.17% 2.18% 2.12% 2.16% 2.30%
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181| Q1 2026 impacted by €9m calendar effect; 2| Includes underlying impairments and servicing fees Main P&L items 122 136 140 187 156 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 44bps 58bps 44bps 39bps 43bps Cost of Risk2 €mn & bps over net loans Recurring operating expenses Group, € mn Net Interest Income1 Group, € mn Fee services income Group, € mn Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 402 413 416 436 472 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 211 233 228 240 231 45 61 49 44 49
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19 Performing loan spreads3 Greece, % Deposit costs Deposit beta1 Greece, % 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 Net Interest Income driver headlines 22% 21% 20% 20% 20% 3.01% 2.97% 2.94% 2.94% 2.93% 2.39% 2.32% 2.27% 2.23% 2.17% Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Individuals Business 65% 64% 63% 64% 66% 20 40 60 80 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Term Deposit pass-through2 EUR, %
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20 264 244 238 160 Q3 25 268 246 230 163 Q4 25 265 245 225 158 Q1 26 264 231 222 157 Q2 26 227 216 157 Q3 26 261 74 73 74 77 78 210 218 243 244 152 157 157 169 170 203 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 746 737 740 736 730 Note: Lending Spreads are revised backwards and recalculated on interest bearing loan balances vs. net balances before. Loan and deposit spreads Net loan balances & spreads € bn Deposit mix & cost evolution bps, € bn Lending spreads (Greece and International) bps Deposit spreads (Greece and International) bps 41.7 43.5 44.1 45.9 46.3 250 245 241 238 232 0 100 200 300 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Group Loans Spread Net Loans 29% 71% % Total 38.5 40.2 40.1 41.8 42.6 14.4 14.9 15.3 16.7 17.3 170 174 180 198 197 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 52.9 55.1 55.4 58.5 59.9 Group Deposits Spread Time Deposits Core Deposits International Deposits Sight & Savings Time DepositsSBL International Loans Large Corporates Mortgages Consumer Credit End of quarter balances
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21 Sensitivity to interest rates 8% 14% 75% 11% 23% 13% 52% 4% Securities Due from banks Loans Cash Time Deposits Hedging Debt issued Due to banks 43.0 33.7 Balance Sheet structure as of Q3 2026Balance Sheet structure as of Q2 2026 7.9bn c. 20mn per 25bp 7% 17% 75% 9% 24% 13% 50% 5% Securities Due from banks Loans Cash Time Deposits Hedging Debt issued Due to banks 41.9 34.0 Floating rate Assets Floating rate Liabilities 9.2bn c. 23mn per 25bp Floating rate Assets Floating rate Liabilities
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22 € mn Fee services income Group Segments 10 46 5 8 41 48 36 42 43 59 49 42 48 52 34 45 36 28 32 02 Q3 25 7 Q4 25 14 Q1 26 8 (1) Q2 26 8 (2) 7 Q3 26 122 136 140 187 156 Retail Wholesale Wealth International NPAs Corporate Center 14 14 18 26 2310 46 36 32 32 36 47 32 37 38 35 4233 41 41 38 32 5 2 Q3 25 3 Q4 25 7 4 Q1 26 6 Q2 26 6 7 Q3 26 122 136 140 187 156 Business credit related Asset management Bancassurance Cards & Payments Real estate income Investment Banking & Other
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23 Year to date investment banking transaction activity Co-advised with UniCredit Euromoney Awards
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24 € mn Costs 94 102 108 117 106 30 35 35 38 35 87 Q3 25 97 Q4 25 85 Q1 26 85 Q2 26 90 Q3 26 211 233 228 240 231 100 102 100 104 100 50 51 53 54 53 16 17 18 17 16 23 32 32 34 3412 12 12 13 1210 18 14 17 16 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 211 233 228 240 231 Corporate Center NPAs International Wealth Wholesale Retail 41% 40% 39% 38% Group Segments Cost-Income ratio 36% Depreciation and amortization expensesGeneral expensesStaff costs
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25 Operating Expenses Recurring Operating Expenses evolution € mn Employees Branches Group, € mn Q3 26 Q3 25 yoy % Q3 26 Q2 26 qoq % Staff costs (106.2) (93.9) 13.1% (106.2) (117.1) (9.3%) General Administrative expenses (89.9) (87.4) 2.9% (89.9) (84.8) 6.0% Depreciation and amortisation (34.9) (30.0) 16.5% (34.9) (37.7) (7.2%) Recurring Operating Expenses (231.0) (211.2) 9.4% (231.0) (239.5) (3.6%) Extraordinary costs (0.7) 0.0 … (0.7) (1.4) (50.4%) Total Operating Expenses (231.7) (211.2) 9.7% (231.7) (240.9) (3.8%) Greece 8,147 7,354 7,503 5,925 5,940 5,678 5,513 5,691 5,822 5,882 5,754 5,784 Greece1 443 394 336 313 284 265 263 262 261 261 261 261 94 102 108 117 106 87 97 85 85 90 30 35 35 38 35 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Staff costs General Administrative Expenses Depreciation & amortization 211 233 228 240 231 11,314 10,530 10,528 8,529 8,460 6,138 6,011 6,213 6,699 6,750 6,639 6,670 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026 629 581 520 465 431 279 277 276 288 288 278 278 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026 1| Includes corporate and private banking centers. 2| including sabbaticals +317 Astro +50 AXIA +26 Fexfin +15 Astro -550 VSS GR -410 Albania -818 Cepal -836 VSS GR2 -523 VSS GR
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26 Reported to Normalised Profit & Loss ( € mn) Bridge between reported and normalised profit Q3 2026 Published Delta Normalised Net Interest Income 472 472 Fee services income 156 (7) 149 Trading income (1) (1) Other income 6 7 13 Operating Income 634 634 Staff costs (106) (106) General Administrative Expenses (90) (90) Depreciation and amortization (35) (35) Recurring Operating Expenses (231) (231) Extraordinary (1) 1 0 Total Operating Expenses (232) (231) Core Pre Provision Income 404 404 Pre Provision Income 402 403 Impairment Losses (49) (49) o/w Underlying 36 0 o/w servicing fees 9 0 o/w securitization expenses 4 0 Other impairments (0) (0) Impairment losses of fixed assets and equity investments (1) (1) Gains/(Losses) on disposal of fixed assets and equity investments (0) (0) Provisions and transformation costs (3) (3) Share of profit/(loss) of associates and joint ventures 13 13 Profit/ (Loss) before income tax 362 363 Income Tax (90) 3 (87) Profit/ (Loss) after income tax 273 276 Impact from NPA transactions (0) 0 0 Profit/ (Loss) after income tax from discontinued operations 7 7 Other adjustments (11) 11 0 Reported Profit/ (Loss) after income tax 269 14 283
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27 Reported to Normalised Bridge between Reported and Normalised Profit - Quarterly ( € mn) Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Reported Profit/ (Loss) after income tax 195 121 213 111 171 158 218 304 184 237 182 316 269 Net Interest Income 0 0 0 0 0 (1) (3) (3) (4) (2) 0 0 0 Fee services income 0 0 (0) (2) 0 (0) (1) (14) (2) (10) (4) (46) (7) Trading income 0 0 0 0 0 1 3 3 4 2 0 0 0 Other income 0 0 0 2 (0) 0 1 14 2 10 4 46 7 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 (2) 0 0 (5) 0 0 0 0 0 0 0 Extraordinary 0 (5) 3 1 0 5 0 0 0 (7) 1 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 0 2 1 (1) 9 0 0 0 0 (4) (0) 0 3 Impact from NPA transactions (2) 109 5 102 18 19 12 77 2 5 (11) 1 0 Profit/ (Loss) after income tax from discontinued operations 0 12 0 2 1 0 0 0 0 0 0 0 0 Other adjustments 22 (22) 3 (1) 34 12 4 (150) 29 (5) 49 (43) 11 Normalised Profit After Tax 215 216 224 215 233 189 234 231 216 225 221 275 283
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28 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 5 13 15 28 40 46 52 58 66 68 Table of contents Pages
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29 Q3 2026 Group Balance Sheet Summary Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 7.6 7.6 7.7 7.8 7.9 +4% +2% Tangible Book Value Group, € bn CET1 Group, € bn Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 5.0 5.0 5.0 5.0 5.1 +2% +1% Balance Sheet ( € bn) Sep 2026 Jun 2026 Sep 2025 q/q Total Assets 82.6 82.0 74.5 0.6 Securities 19.2 19.3 17.2 (0.1) Cash & Cash Balances 4.3 3.9 3.5 0.4 Net Loans 46.3 45.9 41.7 0.4 ECB balances 1.3 2.7 2.3 (1.4) Deposits 59.9 58.5 52.9 1.5 Tangible Equity 7.9 7.8 7.6 0.2 NPE ratio 3.8% 3.6% 3.6% … NPE Cash Coverage 52% 55% 55% … CET1 ratio 14.3% 16.0% … Total Capital ratio 19.3% 21.5% … 14.5% 19.3%
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30 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 Other4.9 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) € bn Balance sheet composition 3.6 9.2 4.9 42.6 17.3 3.7 1.3 Sep-26 ECB Due to Banks Time Deposits Core Deposits Debt securities Equity Other Asset split Liabilities and Equity split 4.9 4.7 46.3 19.2 4.3 2.5 0.7 Sep-26 Cash Due from Banks Securities Net loans PPE DTA Other (incl. HFS) 82.6 82.0 58.5 82.6 59.9 82.0
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311| Include off balance sheet items Business Volumes ( € mn) Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026 % YoY Group Gross Loans 42,361 44,181 44,820 46,574 47,015 11.0% Mortgages 6,767 6,972 6,967 6,966 6,982 3.2% Consumer Loans 1,233 1,315 1,337 1,329 1,360 10.3% Credit Cards 950 1,017 983 1,020 1,024 7.7% Small Business Loans 1,845 1,921 1,920 1,970 2,001 8.4% Medium and Large Business Loans 30,875 32,251 32,825 34,501 34,831 12.8% CLOs 691 705 787 788 817 18.4% of which: Domestic 40,424 41,488 42,023 43,691 43,975 8.8% Mortgages 6,060 6,068 6,048 6,031 6,028 (0.5%) Consumer Loans 1,164 1,190 1,199 1,206 1,236 6.2% Credit Cards 943 1,006 972 1,009 1,012 7.4% Small Business Loans 1,826 1,880 1,900 1,932 1,966 7.6% Medium and Large Business Loans 29,740 30,638 31,116 32,725 32,916 10.7% CLOs 691 705 787 788 817 18.4% International 1,936 2,693 2,797 2,883 3,040 57.0% Accumulated Provisions1 (718) (723) (731) (740) (740) 3.1% Group Net Loans 41,667 43,483 44,112 45,851 46,293 11.1% Customer Assets 74,222 77,469 81,968 87,556 88,095 18.7% of which: Group Deposits 52,884 55,084 55,410 58,467 59,938 13.3% Sight & Savings 38,487 40,210 40,125 41,770 42,642 10.8% Time deposits 14,397 14,873 15,285 16,697 17,296 20.1% Domestic 49,111 48,925 49,239 52,261 53,366 8.7% Sight & Savings 36,748 37,139 37,130 38,763 39,522 7.5% Time deposits 12,363 11,786 12,109 13,498 13,844 12.0% International 3,773 6,159 6,171 6,206 6,572 74.2% Mutual Funds 8,916 9,321 9,169 10,325 10,768 20.8% Fixed Income 2,817 2,875 2,871 2,982 2,998 6.4% Equities 8,481 9,029 13,369 14,526 13,128 54.8% Managed Accounts 1,124 1,161 1,150 1,256 1,264 12.5% Total Private Banking Balances (incl. Deposits) 8,482 8,954 9,003 9,723 10,087 18.9%
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321| Adjusted for syndication Net Credit Expansion trends Net credit expansion Greece, € bn DisbursementsRepayments Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 0.1 2.9 (1.7) (0.2) Q3 24 0.2 3.9 (1.9) (0.2) Q4 24 0.1 2.4 (0.2) Q1 25 0.2 2.6 (1.7) (0.2) Q2 25 0.2 2.8 (2.1) (0.2) Q3 25 0.7 Q1 26 0.3 Q3 26 (0.2) 1.6 Q2 26 (2.5) (1.7) 2.0 3.0 (0.2) (0.2) 0.20.9 1.3 Q4 25 (2.0) (2.5) (0.2) 0.4 3.5 (2.8) 0.6 2.8 3.9 0.30.5 0.3 1.2 Individuals Businesses 2.9 2.6 1.2 0.7 0.2 1.1 1.4 1.61 2.61 3.21 4.11 4.6 4.1 3.2 3.1 3.8 3.5 Business net credit expansion 4 quarter rolling average
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33 Net credit expansion breakdown Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Beginning of period 32.9 33.2 33.9 35.0 35.5 37.2 Disbursements 2.8 3.0 4.2 3.2 3.8 3.1 Repayments (1.9) (2.3) (2.9) (2.7) (2.2) (2.7) Net Flows to/from NPE (0.1) (0.1) (0.1) 0.0 0.0 0.0 Other Movements (0.4) 0.1 (0.1) (0.0) 0.1 (0.1) End of period 33.2 33.9 35.0 35.5 37.2 37.5 Net Credit Expansion 0.9 0.7 1.3 0.5 1.6 0.4 Performing loans Greece, € bn New disbursements – per category Greece, € mn Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 26 Individuals 144 180 145 217 237 300 234 252 265 Business 2,892 3,860 2,360 2,555 2,759 3,904 2,981 3,537 2,806 Total 3,035 4,040 2,505 2,772 2,996 4,204 3,215 3,789 3,071
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341| Breakdown analysis pro-forma for €5bn of senior notes € bn Loan portfolio breakdown Administrative and support service activities 1% Information and communication 2% Professional, scientific and technical activities 1% Construction 3% Other 3% Real Estate 7% Tourism 7% Energy 9% Trade 8% Manufacturing 10% Transportation 14% Financial and insurance activities 14% Households 20%Credit Cards 2% Consumer loans 3% Small Business Loans 4% Mortgages 15% Wholesale loans 76% € 47bn € 47bn Total Group loans – per segment Group Loans portfolio structure1 Shipping loans portfolio structure Handysize/Handymax (Bulk Carriers) 6% Panamax (Bulk Carriers) 20%Capesize (Bulk Carriers) 7% Product (Tankers) 8% Panamax (Tankers) 4% Aframax (Tankers) 13% Suezmax (Tankers) 17% VLCC (Tankers) 5% Containers 7% LNG 13% Tankers 47% Dry Bulk 33% € 5.4bn
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35 65% 2% Dec-20 35% 62% 2% Dec-21 84% 14% 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 2% 7% 2% Sep-25 92% 7% 2% Dec-25 92% 6% 2% Mar-26 91% 6% 2% Jun-26 Amortized Cost FVOCI FVTPL 33% €10.1bn €10.6bn €13.4bn €15.6bn €15.7bn €16.5bn €16.7bn €16.9bn €17.3bn 91% €17.2bn €17.7bn €18.2bn €19.3bn Sep-26 €19.2bn 92% 6% 2% €17.2bn Securities portfolio GGBs 7.6 T-bills 0.5 Mutual Funds & Equities 0.5 Other/ECB eligible 10.7 19.2bn ▪ The “Other/ECB eligible” bonds of € 10.7bn is broken down to the following categories: • €6.4bn other sovereign bonds • €1.6bn bonds issued by supranationals • €1.4bn bonds investment grade bonds by other issuers • € 1.3bn bonds issued by Greek corporates o/w 16.7bn HQLAs 14% 14% 17% 21% 21% 22% 22% 23% 23% Securities portfolio Group, Book value, Sep-26, € bn Portfolios evolution Group, Book value % of total assets 23% 23% 22% 22% 24% Mod. Duration c.2.5Y 23%
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36 Customer Funds trends 75% 24% 1% Sep-25 76% 23% 1% Dec-25 75% 23% 2% Mar-26 74% 24% 2% Jun-26 74% 24% 2% Sep-26 Core Time State 49.1 48.9 49.2 52.3 53.4 52.9 58.5 59.9 21.3 29.1 1.5 0.4 28.2 Sep 2025 Jun 2026 Deposits Net Sales (1.4) Valuation & Other Sep 2026 Deposits AUMS 74.2 87.6 88.1 +19% +1% Customer Funds evolution Group, € bn Deposit Mix Greece, € bn
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37Note: Business deposits include State deposits Deposits flow per quarter Deposits breakdown – Sep 2026 . Deposits breakdown – Sep 2026 49.1 48.9 49.2 52.3 53.4 0.4 0.3 1.6 1.4 0.8 0.3 Sep- 25 Core Time Dec- 25 Core Time Mar- 26 Core Time Jun- 26 Core Time Sep- 26 (0.6) (0.0) Δ Core Δ Time 74% 26% Core Time 49.1 48.9 49.2 52.3 53.4 0.6 0.5 2.9 0.2 1.1 Sep- 25 Bus. Indiv. Dec- 25 Bus. Indiv. Mar- 26 Bus. Indiv. Jun- 26 Bus. Indiv. Sep- 26 (0.8) (0.2) 0.0 Δ Business Δ Individuals 42% 58% Business Individuals Alpha Bank deposits evolution in Greece; € bn Alpha Bank deposits evolution in Greece; € bn ( €0.2bn) Q4 €0.3bn Q1 €3.0bn Q2 €1.1bn Q3
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381| Commercial Surplus defined as the difference between Deposits and Net Loans ECB Balances and Liquidity metrics Group LCR & LDR % ECB balances Group, € bn 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 1.3 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 Sep- 26 ECB Collateral pledged • Credit claims • Other bonds 194% 80% 195% 79% 184% 79% 176% 80% 197% 78% 180% 77% LCR LDR Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 10.3 11.2 11.6 11.3 12.6 13.6 Commercial Surplus1 17% 12% 7% 7% 5%17% 5% 3% 4% 4% 3% 3% 3% 4% 3% over Total Assets% 2%
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39Notes: 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 seg ments amounting to 1bn. Group, € bn Funds under management 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 10.8 3.0 13.1 1.3 Sep-26 21.3 22.4 26.6 29.1 28.2 Mutual Funds Fixed Income Equities Managed Accounts 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 2.8 3.0 1.7 2.6 Sep-26 8.5 9.0 9.0 9.7 10.1 Deposits Mutual Funds Fixed Income Equities Asset Management balances Private Banking 6.9 3.6 0.3 Alpha Asset Management 3rd-party Money Market 10.8 0% 27% 28% 20% 24% MM Bond Balanced Equity Other 12% 23% Mkt Share 36% 2% 35%
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40 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 5 13 15 28 40 46 52 58 66 68 Table of contents Pages
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41Note: Gross formation including curings, repayments, liquidations and debt forgiveness NPE flows and Cost of Risk trends Cost of Risk bps (over net loans) NPE formation Greece, € bn 0.18 0.17 0.20 0.15 0.20 (0.09) (0.11) (0.10) (0.11) (0.10) (0.02) (0.03) (0.02) (0.02) (0.02) Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Single ticket Inflows Cures & repayments CPs & write offs 8 10 26 Q3 25 10 8 40 Q4 25 7 8 29 Q1 26 8 6 26 Q2 26 8 3 32 Q3 26 44 58 44 39 43 Servicing fees Securitization expenses Underlying 0.1 0.0 0.1 0.0 0.1
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42Note: Gross formation including curings, repayments, liquidations and debt forgiveness. Greece, € mn Gross organic NPE formation in Greece per segment (284) 334 70 (353) (38) 320 76 58 105 30 44 2020 2021 2022 2023 2024 2025 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Gross formation (Organic) - SBL Gross formation (Organic) - Wholesale Gross formation (Organic) - Retail (155) 111 0 (60) (8) 55 12 13 23 13 9 2020 2021 2022 2023 2024 2025 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Gross formation (Organic) - Mortgages (324) 191 74 (237) (1) 239 60 40 70 11 27 2020 2021 2022 2023 2024 2025 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Gross formation (Organic) - Consumer (141) 32 (4) (55) (29) 26 4 5 12 7 8 2020 2021 2022 2023 2024 2025 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 80 (254) (155) 170 (10) (25) 7 (16) (14) (11) 46 2020 2021 2022 2023 2024 2025 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26
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43Note 1: Including €7mn equity participation Auctions and repossession activity evolution Auctioned properties (Conducted) 3Q2026 • The auction activity continues to exhibit a downward trend. During 3Q2026, 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 9M 2026, the Bank continued with its disinvestment strategy through the completion of € 26mn foreclosed assets sales in Greece and € 3mn in Cyprus. Sales in Greece included both commercial as well as residential assets. 653 88 94 29% 42 29%33% FY 2020 42% FY 2021 40% FY 2022 FY 2023 FY2024 FY2025 1.344 236 199 749 1.729 Conducted % of successful over conducted auctions Q1 2026 15%25% 484 467 116 115 115 20 Balance FY25A 6 Inflows (26) (3) Outflows 3(1) Other 20 Balance 9M26A (55) Held for sale 20 Balance 9M26A (excl. Held for sale) 621 7 (29) 2 601 546 412 Foreclosed Assets Evolution 9M26 (excl. own used) SEE Cyprus Greece Q2 2026 23% Q3 2026
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44 Detailed overview of asset quality by portfolio - Greece ( € bn) Wholesale SBL Mortgages Consumer Total Gross loans 33.7 2.0 6.0 2.2 44.0 (-) Accumulated Provisions (0.2) (0.2) (0.3) (0.2) (0.8) Net loans 33.6 1.8 5.7 2.1 43.1 NPLs 0.1 0.3 0.5 0.2 1.1 NPL ratio 0.3% 12.8% 9.1% 7.1% 2.4% NPEs 0.2 0.3 0.9 0.2 1.6 NPE ratio 0.7% 16.3% 14.2% 9.9% 3.7% NPL collateral 0.1 0.2 0.5 0.0 0.8 NPE collateral 0.2 0.2 0.8 0.1 1.2 Coverage ratio NPLs 0.1 0.3 0.5 0.2 1.1 (+) Forborne NPLs < 90 dpds 0.1 0.1 0.3 0.1 0.5 (+) Unlikely to pay 0.0 0.0 0.0 0.0 0.1 NPEs 0.2 0.3 0.9 0.2 1.6 Forborne NPLs >90dpd 0.0 0.1 0.2 0.1 0.4 Forborne NPLs <90dpd 0.1 0.1 0.3 0.1 0.5 Performing forborne 0.1 0.1 0.5 0.1 0.8 Total forborne 0.2 0.2 1.0 0.2 1.6 147% 72% 81% 63% 54% 34% 102% 73% 77% 51% 72% 65% 68% 70% 92% 93% 29% 30% 75% 76% 219% 137% 149% 133% 145% 127% 132% 104% 152% 127% NPL NPE NPL NPE NPL NPE NPL NPE NPL NPE Collateral Cash
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45 Detailed overview of asset quality by portfolio - Group ( € bn) Wholesale SBL Mortgages Consumer Total Gross loans 35.6 2.0 7.0 2.4 47.0 (-) Accumulated Provisions (0.2) (0.2) (0.3) (0.2) (0.9) Net loans 35.4 1.8 6.6 2.2 46.1 NPLs 0.1 0.3 0.6 0.2 1.2 NPL ratio 0.4% 12.8% 8.9% 7.3% 2.5% NPEs 0.3 0.3 0.9 0.2 1.8 NPE ratio 0.8% 16.2% 13.4% 10.0% 3.8% NPL collateral 0.1 0.2 0.5 0.1 0.9 NPE collateral 0.2 0.2 0.8 0.1 1.4 Coverage ratio NPLs 0.1 0.3 0.6 0.2 1.2 (+) Forborne NPLs < 90 dpds 0.1 0.1 0.3 0.1 0.5 (+) Unlikely to pay 0.1 0.0 0.0 0.0 0.1 NPEs 0.3 0.3 0.9 0.2 1.8 Forborne NPLs >90dpd 0.0 0.1 0.2 0.1 0.4 Forborne NPLs <90dpd 0.1 0.1 0.3 0.1 0.5 Performing forborne 0.1 0.1 0.5 0.1 0.8 Total forborne 0.2 0.2 1.1 0.2 1.7 145% 70% 81% 64% 54% 36% 101% 74% 78% 52% 76% 71% 68% 69% 89% 91% 30% 30% 74% 76% 221% 142% 148% 133% 143% 127% 131% 105% 152% 128% NPL NPE NPL NPE NPL NPE NPL NPE NPL NPE Collateral Cash
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46 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 5 13 15 28 40 46 52 58 66 68 Pages Table of contents
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47 CET1 q/q 2.4% 0.6% (0.2%) 15.4% Dec-25 Transactions 16.1% Sep-26 14.5% Sep-26 post dividend accrual 9M 26 Organic capital DTA (0.3%) DTC (1.2%) RWAs (0.2%) AT1 (0.3%) other capital elements 28.5 30.7 2.2 0.3 3.50.5 Dec-25 Credit Market Operational 3.50.8 Sep-26 32.5 0.0 35.0 €2.56bn Operational Market Credit 9M 26 evolution in Capital % RWAs q/q % 1.2% Organic Capital Generation
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48 Actuals and regulatory requirements 14.5% 16.5% 19.3% 29.8% 4.5% 2.5% 1.0% 1.6% 0.5% Q3 2026 CET1 Required Q3 2026 CET1 1.5% 0.5% Q3 2026 T1 Required Q3 2026 T1 2.0% 0.7% Q3 2026 OCR Q3 2026 CAD 27.6% 30.09.2026 MREL Final Binding Target (incl. CBR) Q3 2026 MREL Pillar 1 CCB O-S II P2R CCyB 10.1% 12.1% 14.9% 27.6%
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49 Regulatory Capital composition 9.7% Tangible book value / Tangible Assets Equity to regulatory capital bridge € mn 700 997 Intangibles Tangible Book Value 5,766 DTA deduction DTC accelaration CET1 AT1 & Hybrids Tier 1 Lower Tier II Total CAD 8,494 (560) (1,843) (273) 7,934 (752) 5,066 Other 6,763 Ordinary Equity
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50 Group RWAs and Regulatory Capital 30.7 30.7 0.2 3.5 3.5 0.7 Jun 2026 Credit Market 0.0 Operational 0.8 Sep 2026 34.8 0.0 35.0 €0.21bn Group Risk Weighted Assets evolution € bn Credit Risk Weights per portfolio % DTA & Tax Credit with CET1 Capital € bn Operational Market Credit 46% 100% 48% Performing Net NPE Total Loan Portfolio RWA Density 1.9 1.9 0.7 0.70.0 Sep 2026(phased-in) 0.0 Sep 2026 2.6 2.6 DTC 100% RWf DTA 250% RWf CET1 5.0 5.0 Other DTA IFRS9 DTC
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511| The Combined Buffer Requirement (CBR) applies on top of MREL target. 2| Including period profits. 3| MREL requirements app licable only to the Bank on a consolidated basis. Further progress towards meeting MREL Requirements 21.21% CBR applicable as of the reference date1 MREL Binding Target Senior Preferred Other MREL eligible liabilities Total Capital Ratio Group2 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% 28/09/2026 4.5NC3.5 700 28/03/2030 28/03/2031 4.389% ▪ No subordinated MREL requirement ▪ Expect Alpha Bank to continue to be a regular issuer in the debt capital markets ▪ MREL ratio as of 30.09.2026 stands at 29.8%, well above the final MREL binding target of 30.09.2026 (27.55%). Outstanding Debt Instruments 23.58% 19.30% 3.97% 10.19% 30.09.2026 MREL Final Binding Target (incl. CBR) 0.29% MREL ratio Q3 2026 Group3 27.55% 29.77%
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52 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 5 13 15 28 40 46 52 58 66 68 Pages Table of contents
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53 (0.2bn) Key figures 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. Retail (in €mm) 9M 2026 9M 2025 ∆difference, % Net loans 8,704 8,896 (2%) Deposits 36,106 35,094 3% Total revenues 578 545 6% Recurring Operating expenses (304) (293) 4% Normalised Profit 164 172 (5%) Allocated CET1 @13% 734 772 (5%) Cost / Income ratio 53% 54% (2%) RoCET1 ratio1 29% 28% 5% Deposits y/y Revenues / Profitability Volumes RoCET11Cost / income Revenues y/y Profits3 y/y Net Loans y/y 9M 2025 9M 2026 54% 53% 9M 2025 9M 2026 28% 29% +1p.p. 31% Contribution to Group Revenues, ’9M 26 Contribution to Group recurring profits, ’9M 2621% + €33mn ( €8mn) + €1bn 2
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541I 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. Wholesale (in €mm) 9M 2026 9M 2025 ∆difference, % Net loans 32,506 29,370 11% Deposits 13,270 11,191 19% Total revenues 792 725 9% Recurring Operating expenses (160) (142) 13% Normalised Profit 417 387 8% Allocated CET1 @13% 2,562 2,268 13% Cost / Income ratio 20% 20% 3% RoCET1 ratio1 23% 24% (7%) 9M 2025 9M 2026 20% 20% 9M 2025 9M 2026 24% 23% (2p.p.) 43% Contribution to Group Revenues, ’9M 26 Contribution to Group recurring profits, ’9M 2654% + €67mn + €30mn + €2.1bn + €3.1bn Key figures Revenues / Profitability Volumes Deposits y/yRevenues y/y Profits3 y/y Net Loans y/y RoCET11Cost / income 2
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551I 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 Wealth (in €mm) 9M 2026 9M 2025 ∆difference, % Assets under Management 28,158 21,338 32% Total revenues 150 116 29% Recurring Operating expenses (51) (45) 12% Normalised Profit 74 53 38% Allocated CET1 @13% 37 24 57% Cost / Income ratio 34% 39% (13%) RoCET1 ratio1 294% 296% (1%) 9M 2025 9M 2026 39% 34% 9M 2025 9M 2026 296% 294% (2p.p.) 8% Contribution to Group recurring profits, ’9M 26 Contribution to Group Revenues, ’9M 26 10% + €33mn + €20mn + €1.9bn + €5bn Key figures Revenues / Profitability Volumes RoCET11Cost / income Mutual Funds y/yRevenues y/y Profits3 y/y Other AUMs y/y 2
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561I Return on FL CET1 employed capital at 13% management target. 2I Includes profit after tax from Performing Assets; Based on Normalised profit after tax. International (in €mm) 9M 2026 9M 2025 ∆difference, % Net loans 2,907 1,796 62% Deposits 6,572 3,773 74% Total revenues 170 112 52% Recurring Operating expenses (100) (66) 52% Normalised Profit 79 70 13% Allocated CET1 @13% 345 249 39% Cost / Income ratio 59% 59% 0% RoCET1 ratio1 32% 38% (14%) 9M 2025 9M 2026 59% 59% 9M 2025 9M 2026 38% 32% (5p.p) 9% 10% Contribution to Group Revenues, ’9M 26 Contribution to Group recurring profits, ’9M 26 + €58mn + €9mn + €2.8bn + €1.1bn Key figures Revenues / Profitability Volumes Deposits y/yRevenues y/y Profits y/y Net Loans y/y RoCET11Cost / income 2
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571I Return on FL CET1 employed capital at 13% management target. 2I Includes profit after tax from Performing Assets; Based on Normalised profit after tax NPAs and Corporate Center (in €mm) 9M 2026 9M 2025 ∆difference, % Net loans 1,527 1,055 45% Assets 2,207 1,785 24% Total revenues 25 19 31% Recurring Operating expenses (36) (35) 2% Normalised Profit (31) (59) (47%) Allocated CET1 @13% 256 231 11% RoCET1 ratio1 (18%) (41%) … (in €mm) 9M 2026 9M 2025 ∆difference, % Assets 22,683 21,132 7% TBV 1,822 1,613 13% Total revenues 132 111 19% Recurring Operating expenses (47) (41) 14% Normalised Profit 75 56 33% Allocated CET1 @13% 622 484 28% RoCET1 ratio1 18% 15% 17% 1% (4%) 7% 10% Contribution to Group Revenues, ’9M 26 Contribution to Group Revenues, ’9M 26 Contribution to Group recurring profits, ’9M 26 Contribution to Group recurring profits, ’9M 26 Non Performing Assets (NPAs) Corporate Center 2 2
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58 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 5 13 15 28 40 46 52 58 66 68 Pages Table of contents
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59Notes: (1) Date subject to the receipt and timing of the relevant regulatory approvals and consents, and subsequent transacti on’s completion date. Value-accretive M&A accelerating our strategy: >9% EPS accretion at <100bps of Capital Description 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 Strategic combination of insurance activities in Cyprus, between Universal Life Insurance and Altius Acquisition of Alpha Trust, a leading independent asset manager in Greece EPS +5% in 2027 + 1.4% in 2027 Accretive in 2025 +2% in 2027(1) +1% in 2027 Capital impact c. 40bp < 20bp Minimal c. 23bps c. 17bps Full integration date H2 2026 Q4 2026 Q1 2027 2027 Q2 27 Closing Closed Closed Closed Closed 31/10/25 16/12/25 05/08/25 Q4 ’26- 2027 24/06/26 ROTE + c.60bp + c. 15bp n/a + >30bp + >10bps Announced 27/02/25 31/03/25 28/01/25 19/12/25 07/04/26
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60 Flexfin expands factoring platform enhancing solutions for SMEs Innovative factoring platform, primarily serving Greek and Cypriot small and medium enterprises. 100% cash acquisition From faster market penetration and cross-sale opportunities in the high-potential factoring segment Higher revenues Through leveraging Flexfin’s strong IT platformCost- effectiveness In factoring space as co-founders strengthen existing team Enhanced expertise minimal capital impact EPS accretive in Year 1 > €1bn target for factoring financing 4.5k SMEs target perimeter Best-in-class, data-driven IT infrastructure within a customer-centric environment, whilst offering a tailored product range adhering to strict regulatory requirements Focus on an underpenetrated market segment with significant growth potential and strong risk-adjusted returns M&A criteria fully met
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61 1| Based on European Commission’s European Economic Forecast report as of November 2024; 2| Based on 1H24 financials AstroBank acquisition consolidates third largest bank position in Cyprus Complementary franchises with AstroBank contributing diversified loan book skewed towards SME 4th Largest bank in Cyprus by net loans market share Key financials2 €2.2bn Customers’ deposits 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 €0.8bn Net loans to customers > €250mn TBV 15 Branches
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621| Pro-forma based on 1H24 financials ; 2| pro forma on a fully phased-in synergies basis AstroBank acquisition - Significant EPS & RoTE accretion with limited impact on capital NPE ratio neutral transaction for Group Impact of transaction on Alpha Bank c. 40bps CET1 impact c. 5% EPS accretion from year 2 M&A criteria fully met > 40% Return on Capital employed c. 60bps ROTE uplift 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 assets 1 Further upside in revenues through the acquisition of c. 50k new customers not in estimates
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631| Pro-forma based on FY24 financials ; 2| pro forma on a fully phased-in synergies basis AXIA acquisition to form the regional IBCM leader < 20bps CET1 impact Creating the largest and only vertically integrated Investment Banking and Capital Markets (IBCM) platform in Greece and Cyprus M&A criteria fully met c. 1.4%2 EPS accretion from year 2 > 20% Return on Capital employed c. 15bps ROTE uplift Group revenues from investment banking and capital markets to triple following the transaction1 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
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64 Strategic insurance transactions in Cyprus: Scaling our top3 presence in Cyprus The acquisition of 100% of Altius Insurance; definitive agreement executed and completion expected in 2026, subject to customary conditions and regulatory approvals Alpha Bank announced agreement on the key commercial and legal terms of strategic insurance transactions in Cyprus between Universal Life and Altius: c. 23bps CET1 impact c. 2% EPS accretion M&A criteria fully met > 20% Return on Capital employed >30bps ROTE uplift Creates the 3rd-largest insurance platform in Cyprus, strengthening Alpha’s franchise with scale across Life, Health and Non-Life And the Merger of Universal Life and Altius into a single Combined Entity, in which Alpha Bank Group will acquire a majority stake. Enhances Group earnings resilience via capital-light, fee-based income and exposure to a fast-growing, high-penetration insurance market Expands distribution reach through c. 400 agents and >100k clients, enabling deeper penetration and two-way cross-selling with banking
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651| Voluntary Tender Offer; 2| High net worth individuals Alpha Trust reinforces our leading position in Wealth Management M&A criteria fully met Completion of the transaction in 24.06.2026, following receipt of the regulatory approvals c. 17bps CET1 impact c. 1% EPS accretion > 15% Return on Capital employed >10bps ROTE uplift 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.
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66 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 5 13 15 28 40 46 52 58 66 68 Table of contents Pages
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67 Continuous improvement in key digital metrics % Digital Sales by Product Prepaid Cards Consumer Loans Term Deposits Credit Cards Debit Cards 85% 47% 27% 35% 86% +14.3% Mobile Transactions YoY 29.7% Digital Sales (of total sales) >4 in 5 Consumer loans originated digitally 26.5% Credit cards issued Digitally (like for like) 98.5% Transaction penetration 61% Individual client penetration 74% Business client penetration Overall Digital PenetrationMetric 2024 2025 2026 Q1 2026 Q2 Digital Sales 27% 31% 31.5% 30.4% Active Users (m) 2.0 2.0+ 2.1 2.1 2026 Q3 2.1 29.7%
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68 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 5 13 15 28 40 46 52 58 66 68 Table of contents Pages
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691| As of 30/06/2026 We are committed to supporting a transition to a resilient, Net-zero economy by 2050 Driving Impact in our Business Sustainability growth strategy six levers driving our impact Science-Based Targets ❑ Aligning material sectors with the Paris objectives, mitigating transition risk and allocating capital to our clients’ transition Sustainable Finance Framework ❑ Groundwork for green & social lending, with tailored pricing to incentivise sustainable investments Green Bond Framework ❑ A transparent mechanism to allocate funding to projects that advance environmental objectives Climate & environmental risk ❑ Integrated within our credit and investment appraisal cycle Client engagement ❑ Supporting the energy transition, incl. guidance on accessing co- financing programmes Decarbonising own operations ❑ Initiatives driving energy efficiency and emissions reduction Results & Impact €2.9bn sustainable disbursements since 20251 €1.1bn green bond issuance – €500m in 2025 and €600m in 2026 38% share of renewable sources in total energy consumption, FY2025 Zero financing to new thermal coal mining, upstream oil exploration or coal-fired power Net Zero target setting advanced through higher portfolio coverage and transition plan
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70 Steering our lending portfolio towards Net Zero Power generation kgCO₂e / MWh 2022 baseline 223 2026 H1 actual 123 2030 target 132 Target change: −41% − 44.8% vs baseline Oil & Gas Absolute emissions index (2022 = 100) 2022 baseline 100 2026 H1 actual 87 2030 target 74 Target change: −26% -13.0% vs baseline Cement kgCO₂e / t cementitious product 2022 baseline 687 2026 H1 actual 627 2030 target 584 Target change: −15% − 8.7% vs baseline Iron & Steel kgCO₂e / t steel 2022 baseline 540 2026 H1 actual 404 2030 target < 1,260 Target change: below IEA NZE −2 5.2% vs baseline 99.7% of total Scope 3 derive from financed emissions in 2025 (24.2 MtCO₂e vs 26.5 MtCO₂e in 2024) Next wave of targets Commercial & Residential Real Estate, Shipping and Aluminum under consideration Embedded in risk appetite Early-Warning and Risk-Tolerance thresholds in the RAF (Risk Appetite Framework) for Net Zero sectors Alpha Bank S.A.; benchmark scenario IEA NZE2050; Oil & Gas measured as absolute financed emissions, other sectors as physical intensity. Science-based 2030 decarbonisation targets for priority sectors and progress achieved by half year-2026
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711| As of 30/06/2026 2| Alpha Bank S.A: 85% accessible, Alpha Bank Cyprus: 100% accessible Supporting clients to achieve lasting environmental and social impact Driving Sustainable Progress 45% Women at Board of Directors 73% Independent Non-Executive Board Members All Committee Chairs are Independent 1 Woman Committee Chair 43% Women in managerial posts at Group level Full ESG integration into policies and processes Support an Environmentally Sustainable Economy Ensure Robust and Transparent Governance Foster Healthy Economies and Societal Progress 87% branches of the Group are accessible2 172,235 beneficiaries from CSR initiatives in 2025 90% of Employees participated in regular performance and career development reviews in 2025 0.11% CSR spend to operating income in 2025 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 in 2025 € 785 million for Sustainable Disbursements in 20261 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 in 2025 Zero financing to new investments in thermal coal mining, upstream oil exploration or coal-fired electricity generation Green Bond Issuances € 500 million Green Preferred Bond issued in 2025 € 600 million Green Preferred Bond issued in 2026
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721| Ratings are displayed as per 30/09/2026 2| Europe’s Climate Leaders 2026: interactive listing Strong ESG ratings and strategic memberships reflect our ongoing commitment to responsible banking Recognition of our commitment to Sustainability 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 Poor (0-19) Below Average (20-39) Average (40-59) Good (60-79) Excellent (80-100) E S 10 10 10 9 9 9 8 8 8 7 7 7 6 6 6 5 5 5 4 4 4 3 3 3 2 2 2 1 1 1G Included in the Financial Times Europe’s Climate Leaders 2026 ranking 2 C+
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73 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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74 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 l ess 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. Q3 2026 NPEs exclude €356m of paying mortgage exposures (under 30dpd) that have been classified as Stage 3 following a Bank-initiated reprofiling ( €308m in Q2 2026, €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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75 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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76 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 Stat ement 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 Stat ement 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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77 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 C onsolidated 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 a ny 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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78 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 +30 210 326 2271 iason.kepaptsoglou@alpha.gr +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 +30 210 326 2273 selini.milioni@alpha.gr Iason Kepaptsoglou Director Investor Relations Division Stella Traka Manager Investor Relations Division Selini Milioni Senior Specialist Investor Relations Division Vasileios Kosmas CFO vgk-cfo-office@alpha.gr +30 210 326 2291