Slides
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3Q26 Financial Results 4 November 2026 NBG stands out
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01 Highlights 02 Financial Results in Detail 03 Macro 04 Transformation Program 05 ESG 06 Appendix Table of Contents
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01 Highlights 3Q26 FinancialResults
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4 Resilient economic activity, despite renewed external headwinds Investment led growth remains on track • Fiscal outperformance supports targeted fiscal easing and additional inflation/energy cost- relief measures • Final RRF disbursement requests secure more than €15b in additional investment funding for 4Q26 and 2027-28, including bank credit Targeted deployment of fiscal capacity and full RRF absorption • Tourism on track for new highs • Quality gains and strong pricing power underpin strengthened regional competitiveness • Consistent export growth despite headwinds • Stronger EA resilience, improving external demand prospects and greater export diversification support business performance Goods and services exports on a solid upward trajectory 01 Highlights | Macro • Fixed capital investment, up by 9.0% yoy in 1H26, remain the main growth driver • Capacity utilization rates at expansionary levels across key sectors • Robust capital market funding, FDI and M&A activity on track for new highs • Strong pipeline of private investment projects & accelerating public investment activity Strengthened labor market conditions cushion the inflation hit • Labor market gained further traction (2Q26/3Q26); unemployment near all-time lows in 3Q26 • Real disposable income supported by robust employment and wage growth, despite higher inflation • Energy stress poses downside risks to consumer confidence and firms through higher production costs
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5 The safe way to tap Greece's structural growth dynamics Fortress balance sheet, underpinned by a unique liquidity profile, best-in-class capital resources and provision coverage, make NBG the top quality name to capture domestic growth prospects Leading Tech capabilities create unique competitive advantage New Core Banking System combines modern technology, scalability and adaptability (cloud enabled and cyber-secure). Further digitalization and automation of operations, including AI, improves productivity and customer journeys Among the strongest capital buffers in Europe, supporting rigorous organic expansion and superior shareholder distributions, while providing strategic flexibility for value- accretive inorganic growth Superior capital resources provide strategic optionality Among Europe's highest RoAs, combines with low leverage, to provide significant RoTE upside potential, as superior liquidity and capital resources are increasingly deployed Leading RoA combines with low leverage 01 Highlights | Financials Why NBG 37% market share Household savings¹ 1 Market share in domestic transactionary household deposits | 2 Since 2020 | 3 Over internal target of CET1 at c13% >€1.3b investments In Technology² c450bps (c€2b) Excess Capital³ >1.6% Return on Assets
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CET1 17.5% +20bps qoq (post payout accruals) €230m Interim dividend on Nov 20th Active SBB of €0.53b³ PE Loans +13% yoy +€2.2b ytd CORE INCOME STRENGTH 1,2 ROBUST BALANCE SHEET 1,2 1 Before one-offs | 2 Excess capital relative to internal CET1 target of c13% | 3 c40% realized to date 6 Strong financial performance continues unabated 1,2 RoTE 15.7% or 20.7% 1 2 SOLID PROFITABILITY SUPERIOR EFFICIENCY LEADING CAPITAL & PAYOUT adj. for excess capital NII +5% yoy +6% qoq 3Q NIM at 288bps Fees +10% yoy NIM 277bps 9M26 PAT €1.0b NIM 277bps 9M26 EPS €1.48 +6% yoy Cost : Income 34.4% among the lowest in Europe 1 1 1 01 Highlights | Financials
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116 133 114 129 128 3Q25 4Q25 1Q26 2Q26 3Q26 642 663 655 684 715 527 530 541 555 587 7 1 Before one-offs 277 280 344 317 335 1.32 1.26 1.43 1.46 1.50 3Q25 4Q25 1Q26 2Q26 3Q26 Core Income | (€ m) Quarterly PAT PAT¹ & EPS¹ | (€, €m) Quarterly EPS NII Core income momentum leads accelerating profitability Core Income +5.9%+2.6%+2.0%+0.7%qoq % -0.9% +5% qoq +11.4%+5.8%+0.1%yoy % +14% yoy +21% yoy -3.8%-7.9% +10%+12%+8%+16%yoy % +7% Fees 01 Highlights | Financials
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Guidance KPIs 8 9M26 strong results above expectations, on track to beat FY26 guidance Profitability NII (%) NIM (bps) Fees growth (%) OpEx growth (%) C:I (%) CoR (bps) EPS (€) RoTE (%) Balance sheet PEs growth NPE ratio (%) 9M26 5% yoy 279 10% yoy 8.1% yoy 34.4% 38 1.48 15.7% 9M26 +13% yoy | +€2.2b ytd 2.4% FY26 Guidance (Jul26) mid sds increase % c280 high sds % (3Y CAGR) c6% (3Y CAGR) | c8% in 2026 c36% <40 >1.4 >15% FY26 Guidance (Jul26) high sds % (3Y CAGR) | >€3b yoy <2.4% FY26E vs Guidance Εxceed Εxceed Inside guidance Inside guidance Exceed Inside guidance Exceed Exceed FY26E vs Guidance Inside guidance Inside guidance 01 Highlights | Financials
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9 Group Assets (€ b) Group Liabilities (€ b) 7.1 1.6 41.6 24.6 2.6 5.4 3Q26 Interbank Fixed assets Securities Net loans Cash & reserves Other 9.7 3.3 4.6 10.6 51.6 3.0 3Q26 Debt Issues Core Deposits Equity Interbank Other Liabilities Fixed income portfolio with hedges in place HTC €19.2b HTCS €4.4b Trading €0.4b • Deposits comprise 92% of our total net funding • Market share of 37% in savings • Structural hedges on demand deposits are actively managed MREL resources over RWAs at 28.7% Leverage ratio at c9x (Assets/Equity) Time Deposits Performing loans €39.2b (+13% yoy) Senior notes €2.4b (nearly 40% already amortized) Superior capital and liquidity mark our fortress B/S 01 Highlights | Financials
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58.3 62.3 9M25 9M26 Customer Deposits 58.3 2.6 -1.0 1.5 0.8 62.3 3Q25 Core Time Core Time & other 3Q26 Client Funds (€ b) 8.6 11.1 9Μ25 9Μ26 Retail Client FuMs 9.0 11.8 9Μ25 9Μ26 Inst. Clients FuMs & other AuMs 75.9 85.1 9Μ25 9Μ26 Deposit flows (€ b) +€3.9b yoy 1 1 Retail Corporate +€1.6b yoy +€2.3b yoy Mutual Funds Market share (%) 9.5% 10.5% 12.9% 14.1% 15.9% 16.8% 17.8% 9M23 FY23 9M24 FY24 9M25 FY25 9M26 +7% +29% +31% +3.6pps yoy +2.7pps yoy +1.0pps ytd +€9.2b 1 Funds under management Continuing strong and targeted client fund accumulation, fuels sustainable fee growth 10 MFs +42% yoy 01 Highlights | Financials
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11 Stable performance by NBG issues despite highly volatile debt capital markets NBG Senior Pref. and AT1 (spread | bps)10 Year Sovereign Bonds (spread | bps) 332 398 329 334 307 296 278 311 75 82 85 76 78 73 70 70 78 82 30.01.26 27.02.26 31.03.26 30.04.26 29.05.26 30.06.26 31.07.26 31.08.26 30.09.26 14.10.26 33 31 32 34 32 40 62 67 65 73 80 8574 76 82 94 117 134 43 41 42 44 45 54 72 78 80 85 93 101 30/06/2026 31/07/2026 31/08/2026 15/09/2026 30/09/2026 14/10/2026 Portugal Greece France Spain Italy AT1¹ Senior² BBB stable BBB stable Baa3 positive Rating & outlook BBB- positive BBB stable Baa1 stable Rating & outlook BBB+ stable BBB+ stable Credit rating | Sovereign and NBG 1 €500m, 5.8%, Call date August 2031 | 2 €600m, 3.125%%, Call date February 2030 01 Highlights | Financials
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Strategic Optionality Ordinary Payouts Organic growth 1 Assuming €1b of AT1 issues 12 RWA expansion through: • domestic organic growth • international syndications A • increasing cash payοuts • share buybacksB i. extraordinary payouts ii. bolt-on acquisitions iii. value accretive M&As - EPS accretive - RoTE accretive - RoIC>Kc, RoIC>SBB yield iv. reperforming assets C Capital allocation strategy 17.5% <16% c13% >9ppts >3ppts >8ppts <3ppts 9M26 Profitability Organic growth Distributions & other (incl. DTC) 2028E Strategic Optionality Buffer Internal Target CET1 ratio evolution, % 1 C B A Capital deployment strategy supports growth and superior shareholder returns 01 Highlights | Capital Allocation Strategy
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13 Strategic Transactions: our partnerships create value and diversify fee growth Allianz Partnership ✓ Leverage Allianz expertise, innovative products & technology ✓ Signing of definitive transaction documentation completed ✓ Integration project on track ✓ Distribution of insurance products in Jan 2027 as planned Transaction Economics (2027-28) Net Fee impact1 +6ppts EPS accretion +4ppts RoTE accretion >50bps RoIC2 >25% Dromeus Capital Partnership ✓ Capitalizing RE opportunities to generate non NII income supporting top line diversification ✓ RE portfolio c€0.4b with potential to increase 2x ✓ Due diligence and legal documentation in progress ✓ Transaction signing by YE26, closing by early 2027 Transaction Economics (2027+) Net Fee impact1 +3ppts EPS accretion >1ppt RoTE accretion >20bps RoIC2 >17% Yr1 | >20% Yr3 1 Group net fee CAGR incremental impact relative to the high sds guidance (2027-28) | 2 RoCET1 01 Highlights | Capital Allocation Strategy
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332 405 464 174 232 332 579 696 FY23 FY24 FY25 FY26 7.8 8.5 9.2 9.5 0.4 1.1 2.1 7.8 8.9 10.3 11.6 FY23 FY24 FY25 9M26 14 Ordinary Shareholder Distributions | (€ m) Outstanding shareholder value creation of +50% in less than 3 years Cash Dividend Share Buyback Total recurring payout final payout and composition to be determined at year end TBV & Distributions per share1 | (€) Tangible Book Value Accretion TBVPS Distributions per share (cumulative) TBVPS & Distributions per share +50% 1 Distributions of dividends and share buybacks recognized as executed | 2 Including interim dividend to be paid on the 20th of November Payout (%) 30% 50% 60% of which Interim 230 Interim DPS of €0.26 (+18% yoy) 01 Highlights | Capital Allocation Strategy Includes €300m of special SBB 200 Special Payout 300 Special SBB of €300m started in June 2
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15 Tech: new CBS, digitalization strategy and AI are unequivocal comparative advantages IT Infrastructure Core Banking System (CBS) AI Capabilities • #1 in digital banking — 30% market share (active users) • #1 cloud-based CBS in Greece, among few in Europe • ~75% reduction in application stack (1,000 to 250) • <6 yrs average age of peripheral applications • >50% unit cost (trx) reduction over last 5 years • Largest banking tech project ever in Greece • >500K person days invested across 6 years • 1 unified platform from 40 fragmented apps • 200 active products from 5,000+ legacy catalogue, >1000 interfaces eliminated • ~3.5B txns/yr with c30% throughput headroom • Sofia AI assistant — 2/3 of digital interactions by YE26 • AI Voice deployed in Jul26, opting to offload >50% of CC traffic in 6 months • Complaints agentic classification, routing & response • Lending agentic credit memo & contract drafting • Engineering AI-driven via Claude Code, all tech units • >100 AI projects rolled out through hub-spoke construct The new CBS is a bold strategic move facilitating the Bank’s transition into a new era 01 Highlights | Technology
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28 02 Financial Results in Detail 16 3Q26 FinancialResults
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9M26 PAT¹ reaches €1b on strong core income momentum; RoTE at 15.7% ¹ 17 02 Financial Results in Detail P&L Highlights 9M26 PAT¹ of €1b is driven by accelerating NII growth and sustained double digit growth in Fees In more detail: • 3Q26 NII acceleration, up +6% qoq, aided by higher rates (3M EUR +28bps qoq) and healthy loan volume growth (+13% yoy); NIM sharply higher at 288bps in 3Q26, up by +15bps qoq; forward rate trajectory provides additional NII support alongside lagged repricing and seasonally strong credit dynamics in 4Q26; 9M26 NII up by 5% yoy aligns with FY26 guidance posing upside risk • Fee income growth sustained in the double digits in 9M26 (+10% yoy), with 3Q26 coming in nearly at 2Q26 levels despite base effects relating to RRF completion pre-approvals and strong capital market activity in 2Q26; retail fees remain driven by investment product cross selling towards our vast depositor base (>40% yoy growth in NBG MFs in 9M26); 9M26 Fee growth of +10% exceeds our FY26 guidance • 9M26 OpEx, +8% yoy aligns with FY26 guidance, balancing strict cost discipline with our commitment to invest in people, while remaining leaders in tech and digital infrastructure investments, enhancing productivity, commercial effectiveness, digital offering and cyber risk security; 9M26 C:I at 34.4%¹ remains among the lowest in Europe • 3Q26 CoR at 38bps, inside our FY26 guidance, reflects continued benign asset quality conditions and sector-leading provision coverage levels 9M26 RoTE of 15.7%¹ compares favorably to our FY26 guidance of >15%, before adjusting for excess capital (20.7% adjusting for excess capital²) 1 Before one-offs | 2 Excess capital relative to internal CET1 target of c13% | 3 9M26 one-offs include VES provision at c€60m and LEPETE at c€30m P&L | Group (€ m) 9M26 9M25 YoY 3Q26 QoQ NII 1,683 1,606 +5% 587 +6% Net fee & commission income 371 336 +10% 128 -1% Core Income 2,054 1,943 +6% 715 +5% Trading & other income 97 150 -35% 18 -3% Total Income 2,151 2,092 +3% 733 +4% Operating Expenses (741) (685) +8% (252) +3% Core PPI 1,313 1,257 +4% 463 +5% PPI 1,410 1,407 +0% 481 +5% Loan & other Impairments (128) (134) -5% (41) -9% Operating Profit 1,283 1,273 +1% 440 +6% Taxes (287) (295) -3% (105) +8% PAT¹ 996 979 +2% 335 +6% Attributable PAT 888³ 885 +0% 321 +9% Key P&L ratios 9M26 9M25 YoY 3Q26 QoQ NIM over avg assets (bps) 279 284 -5 288 +15 Cost-to-Income (%) 34.4% 33.3% +1.1pps 34.3% +0.6pps CoR (bps) 38 41 -3 38 -1 RoTE¹ (%) 15.7% 15.6% +0.0pps 15.8% +0.2pps
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Robust balance sheet provides resilience in periods of uncertainty 18 Balance sheet Highlights • 9Μ26 loan disbursements near €8b, higher by +28% yoy, despite a seasonally weaker 3Q26 affected by corporate early repayments; factoring in a strong pipeline of approved not yet disbursed corporate credit, 4Q26 new production is seen to accelerate and is expected to drive FY26 credit expansion at least to our guidance for PE growth of >€3b for the FY; 9M26 PE expansion at +€2.2b ytd is driven by large corporate and structured finance credit in energy, infrastructure, and shipping sectors • Deposits increased by +7% yoy, with core deposits up by a solid +€3.9b yoy (+9% yoy), chiefly driven by our low cost, transactionary, household deposits,; despite continued attrition to mutual funds, time deposits also edged higher yoy. Mutual fund market share gains continued in 3Q26, reaching +c100bps ytd, while total FuMs increased by nearly €2b ytd, fueling sustainable fee generation • Our deposit costs increased marginally qoq, at 30bps, despite increasing benchmark rates, while our funding cost remained below 70bps; both at the lowest level in Greece reflecting our superior liquidity profile • NPE ratio at 2.4% on benign asset quality trends in 3Q26 despite uncertainty; NBG maintains the highest coverage ratios across stages by European standards • Capital generation continued in 3Q26 given our strong profitability; CET1 stood at 17.5% post payout accruals¹ (highest shareholder payout among Greek banks); CAD stood at 21.2% • MREL ratio at 28.7%, above the 2026 MREL requirement of 26.9% • ESG: As a result of our ongoing progress in ESG performance, MSCI categorized NBG as a ‘Leader’ among 641 banks, assigning the highest (AAA) rating. 1 FY26 payout level to be determined at YE26 subject to AGM | 2 Remaining 2025 dividend of €264m paid in Jun26, interim 2025 dividend of €200m paid in Nov25 Key Balance sheet items 9M26 6M26 3M26 FY25 9M25 Total Assets (€ b) 82.9 83.4 82.7 78.9 76.7 Performing Loans (€ b) 39.2 39.1 37.7 37.0 34.7 Securities (€ b) 24.6 25.1 24.8 22.2 21.5 Deposits (€ b) 62.3 61.7 58.5 59.6 58.3 Tangible Equity (€ b) 8.5 8.5² 8.5 8.3² 8.3 Key Balance sheet ratios 9M26 6M26 3M26 FY25 9M25 Liquidity Loans-to-Deposits 67% 67% 69% 66% 64% LCR 231% 227% 237% 236% 249% NSFR 144% 143% 144% 146% 147% Asset quality NPE ratio 2.4% 2.4% 2.4% 2.4% 2.5% NPE coverage 103% 105% 107% 106% 101% Stage 3 coverage 53% 55% 56% 56% 56% Capital CAD 21.2% 21.0% 21.1% 21.5% 21.8% CET1 17.5% 17.3% 17.4% 18.8% 19.0% RWAs (€ b) 41.2 41.8 41.1 39.8 38.2 02 Financial Results in Detail
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Resilient capital generating capacity maintains strong capital position even following high payouts 19 1 Including period PAT and payout | 2 Including the respective accelerated DTC amortization | 3 60% payout accrued in 9M26; FY26 payout level to be determined at YE26, subject to AGM; including the respective accelerated DTC amortization 9M26 capital movement¹ 17.3% 18.0% 17.5% 1.2% 1.2% 2.4% +0.8% -0.1% -0.5% 2.5% 2Q26 3Q26 Profitability RWAs & other 3Q26 CET1 pre payout Payout accrual 3Q26 18.8% 17.8% 19.1% 17.5% 1.2% 2.7% -1.0% +2.4% -0.7% -0.3% -1.6% 2.5% FY25 Special SBB of €300m in 1H CET1 post special SBB 9M26 Profitability RWAs FVTOCI, VES & other 9M26 CET1 before payout Payout accrual 9M26 CET1 CAD RWAs €41.2b€39.8b 32 +c170bps ΑΤ1 Τ2 21.2%21.5% Τ2 21.2% 3Q26 capital movement¹ 21.1% 02 Financial Results in Detail
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Accelerating NII drives core income and PAT¹,² higher qoq by +5% and +6% 20 252 283 299 318 4Q25 1Q26 2Q26 3Q26 Core PAT ¹ ² +5% qoq Core PAT +6% qoq 715 684 1 Before one-offs I 2 excl. trading and other income 655 317 +33 -2 -1 -3 -4 -2 +4 -8 335 2Q26 ΔNII ΔFees ΔTrading & other income ΔPersonnel cost ΔG&As ΔDepreciation ΔLoan & other impairments ΔTaxes 3Q26 +6%QoQ Core Income 3Q26 CoR at 38 bps Group PAT¹ (€ m) Group PAT¹,² (€ m) 3Q26 NIM at 288bps 3Q26 C:I at 34.3% 663 +21% yoy 02 Financial Results in Detail
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-22 -23 -23 -25 -32-17 -15 -17 -22 -27 159 161 169 178 192 10 7 7 7 8 376 378 382 394 422 3Q25 4Q25 1Q26 2Q26 3Q26 Loans (PE) Loans (NPE) Securities Funding Deposits 505 508 517 531 563 22 22 24 24 25527 530 541 555 587 3Q25 4Q25 1Q26 2Q26 3Q26 Int'l Domestic 280 276 272 273 288 22 22 24 24 25 527 530 541 555 587 NII growth accelerates in 3Q26 supported by rates and volumes; NIM at 288bps 21 505 508 517 531 563 Group Domestic International NIM (Group) 3M (avg) +6% qoq NII (€ m), NIM (bps) NII breakdown (€ m) 201 204 205 225 253 Deposits Funding & other Securities Loans (NPE) Loans (PE) 02 Financial Results in Detail NIM benefits from the gradual repricing of assets +7% qoq +8% qoq
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6.4 6.4 6.4 1.4 1.5 1.61.2 1.4 1.6 9.1 9.3 9.7 20.6 23.5 27.5 29.7 32.8 37.1 3Q24 3Q25 3Q26 Corporate SBL Consumer Mortgages 1.7 1.9 2.0 449 439 432 436 453 397 396 395 400 417 922 926 933 938 952 547 541 528 533 553 391 382 378 383 404 201 204 205 225 253 208 206 208 220 244 3Q25 4Q25 1Q26 2Q26 3Q26 PE yield repricing gathers pace in 3Q26; PEs up by +13% yoy to €39.2b 22 Greek PE lending yields (bps) Group Performing loan evolution (€ b) Consumer¹ ² SBLs Corporate³ Mortgages² Total Performing² 3M Euribor (avg) Group Int’l 31.4 39.2 Greece 34.7 Retail Corporate Corporate⁴ Euroswap rate +13% yoy +10% yoy +13% yoy +17% yoy +4% yoy +12% yoy +8% yoy +1% yoy 1 Excl. cards | 2 Excl. staff loans | 3 Excl. shipping | 4 Euroswap curve relevant to corporate book pricing 02 Financial Results in Detail
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0.5 0.6 0.6 0.6 0.6 0.7 0.6 1.2 2.0 1.3 3.6 1.9 2.4 1.8 1.7 2.6 1.9 4.2 2.5 3.0 2.4 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Series1 Series3 9M26 disbursements up by +28% yoy; Corporate +34% yoy, Retail +12% yoy 23 Group Loan disbursements¹ (€ b) Group PE expansion (€ b) 1 Loan disbursements for the period excluding rollover of working capital repaid and increase in unused credit limits | 2 Mostly in energy, infrastructure, shipping and hotels CorporateRetail 37.0 7.9 -6.0 0.0 0.2 39.2 FY25 PEs Disbursements Repayments NPEs movement FX & other 9M26 PEs +37% +€2b net credit expansion 2 +26% 9M26 € b yoy Retail 1.8 +12% Corporate 6.1 +34% Total 7.9 +28% 3Q26 yoy Corporate early repayments 02 Financial Results in Detail Pipeline of approved not yet disbursed credit of c€2.5b supports FY26 guidance realization
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6.4 6.4 6.4 3Q25 4Q25 3Q26 1.5 1.5 1.6 3Q25 4Q25 3Q26 1.4 1.5 1.6 3Q25 4Q25 3Q26 Healthy loan growth: retail contributes positively to credit growth 24 Mortgages | (€ b) Domestic Retail PEs €9.7b Consumer | (€ b) SBLs | (€ b) +1% yoy +12% yoy+8% yoy 1 Year-to-date new production market share calculated over the systemic banks 02 Financial Results in Detail 27.6% 27.9%27.9% Market share New disbursements¹ 25.0% 26.0%26.2% 26.4% 27.3%25.2%
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31.6 32.0 31.7 32.8 32.8 7.9 7.9 7.9 8.5 8.9 5.8 6.1 5.9 7.1 7.41.5 1.6 1.5 1.0 0.89.1 9.4 8.9 9.7 9.4 55.8 57.0 56.0 59.1 59.4 3Q25 4Q25 1Q26 2Q26 3Q26 Time Other Sight - Corp Sight - Retail Savings 6 6 6 5 5 29 28 27 27 30 154 144 141 138 160 2.5 2.6 2.6 2.6 2.9 Group Int’l Greece 58.3 59.6 58.5 62.3 Demand Term Total +€3.9b yoy +7% yoy 61.7 -22 -23 -23 -25 -32 3Q25 4Q25 1Q26 2Q26 3Q26 Includes hedges 1 Net of €1b of e-EFKA deposits transferred to BoG on 01.07.25 Core deposits +€3.9b yoy +9% yoy Core deposit stock higher by +€3.9b yoy 25 Group deposits evolution (€ b) Greek deposit yields (bps) & deposit NII (€ m) +4% yoy Beta at 12% 02 Financial Results in Detail
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13.0 13.9 16.8 16.6 0.6 0.6 0.3 0.27.4 7.2 7.4 7.2 21.0 21.7 24.5 24.0 3Q25 4Q25 2Q26 3Q26 EU Sovereign & other T bills GGBs 0.4 0.4 0.4 0.4 4.8 4.2 4.7 4.4 15.7 17.1 19.5 19.2 21.0 21.7 24.5 24.0 3Q25 4Q25 2Q26 3Q26 HFT HTCS HTC o/w €6.6b HTC 1 HFT: Held For Trading, HTCS: Held To Collect and Sell, HTC: Held To Collect 1 Bond portfolio actively hedged, provides NII support Bond portfolio by category (€ b) Bond portfolio classification (€ b) 26 c80% in HTC 02 Financial Results in Detail HTC classification of our bond portfolio and our prudent hedging strategy shields our P&L, equity and capital from market volatility
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392 381 356 299 256 211 201 204 205 225 253 79 80 76 74 73 69 60 60 64 66 69 46 47 44 41 38 35 29 28 27 27 30 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 76% 16% 1% 7% Current, sight & other Deposits Time Deposits Interbank funding Long term wholesale Debt 1 Of which: Senior debt €3.3b, Tier II €1.1b | 2 Including period PAT, payout accrual and €300m special share buyback | 3 Including CBR at 4.0% in effect as of Oct26 3M Euribor (avg) CoF (Blended avg) Deposit cost (avg) €68b Deposits of c€62b, c92% of total net funding 1 21.5% 19.9% 1.2% 7.7% 7.6% 29.2% 28.7% 26.9% MREL resources (FY25) MREL resources (3Q26) MREL requirement (2026) NBG own funds Senior preferred & other eligible liabilities 3 ΑΤ1 NBG retains the lowest costing and most stable deposit cost 27 NBG funding cost (bps) Funding structure (%) MREL resources² | % RWAs 2026 issuances • SP Green €600m • AT1 €500m 02 Financial Results in Detail
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172 199 134 144 30 28336 371 9M25 9M26 Non-core & International Domestic Corporate Fees Domestic Retail Fees 63 76 17 11 41 40 5 79 10134 144 9M25 9M26 Deposits & payments Investment banking & products Trade Finance Other treasury related Lending 21 31 52 50 37 52 13 13 49 54 172 199 9M25 9M26 Deposits & payments Bancassurance Investment products Cards Lending & other +20% -1% +14% +7% ΥοΥ 1 Domestic +43% -5% +10% +16% +40% ΥοΥ Sustained MF cross selling +4% +38% +10% ΥοΥ -35% Fee growth ahead of guidance at +10% yoy driven by all segments Retail fees¹ (€ m) Corporate fees¹ (€ m) Group fees (€ m) 28 02 Financial Results in Detail
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FuM growth continues robustly, fuelling investment fees 29 Assets under Management (€ b) Retail Investment Fees (€ m) Bonds 4.0 4.5 5.7 0.4 0.4 0.5 1.9 2.0 2.12.3 2.4 2.78.6 9.3 11.1 9M25 FY25 9M26 1 Funds under management NBG MFs Institutional Client FuMs¹ MF Mkt share (%) 18%16% +2pps yoy in Total MF (+6pps yoy in Bond MF) 3rd party MFs Equities Retail Client FuMs¹ +29% yoy +42% yoy Mostly premium and private clients c80% comprised of premium customers 17% 37 52 9M25 9M26 YoY +40% 11.8 9.0 9.7 21.9 16.7 19.0 Total FuMs¹ 02 Financial Results in Detail 6052 Retail Investment Fees / Retail Client FuMs¹ (bps)
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C:I at 34.4%, among the lowest in Europe 30 6.5 6.7 6.6 1.1 1.2 1.2 7.6 7.9 7.8 FY24 FY25 3Q26 314 304 306 FY24 FY25 3Q26 1 Normalized for high trading income I 2 Tellerless branches amount to 51 in 3Q26, 48 in FY25, 34 in FY24 33.3 34.4 9M25 9M26 Cost/ income % Int’l Greece 6.4 at Bank level o/w 51 tellerless Reflects increased remuneration mainly driven by collective agreements and investment in human capital Sector-leading investments in IT and digital transformation of c€1.3b since 2020 (incl. CBS replacement) 1.2% Group C:I (%) Group headcount (#k) Group OpEx by category (€ m) Domestic branches² (#) 1.2%Cost/ Assets % 9Μ25 9Μ26 YoY Personnel 367 398 +8.4% G&As 170 186 +9.5% Depreciation 148 156 +5.6% Total 685 741 +8.1% Mostly driven by contact center & customer experience costs 1 8.4 8.18.2 Branch FTEs / branch 02 Financial Results in Detail
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NPE flows unaffected by geopolitical uncertainty 31 NPE ratios and coverage | 3Q26 Group Cost of Risk (bps), (€ m) 44% 57% 51.8% 53.4% 3.7% 1.8% 2.3% 2.4% Retail Corporate Total Domestic Total Group Stage 3 coverage Collateral coverage¹ NPE ratio 60% 62% 61% NPE coverage at 103% FNPEs <30 dpd 0.2 FNPEs 31- 90dpd 0.0 FNPEs >90dpd 0.1 FPEs 0.5 Domestic forborne €0.8b CoR (€ m) CoR (bps) Dom. 90+dpd 0.5 Dom. FNPE >30 dpd & other 0.2 Dom. FNPE <30 dpd 0.2 International NPE 0.1 Group NPEs €1.0b o/w: €0.6b Corporate 0.1 0.1 0.1 0.1 0.1 -0.1 -0.1 -0.0 -0.0 -0.0 0.0 -0.0 -0.0 -0.0 -0.0 NPE inflows (+) Curings Debt fgv, recoveries, liquidations NPE outflows (-) -0.0 -0.0 -0.0-0.1 -0.1 NPE organic flows NPE inorganic flows & write-offs -0.0 -0.0 -0.00.0 NPE movement -0.0 -0.0 -0.0 -0.0 0.0 0.0 -0.0 -0.0 -0.0 0.0 -0.0 4Q25 1Q26 2Q263Q25 3Q26 1 Collateral coverage at Bank level NPE & forborne stock (€ b) | 3Q26 NPE balance change (€ b, Bank) 39 39 38 38 38 39 39 39 4Q25 1Q26 2Q26 3Q26 02 Financial Results in Detail
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2.5% 2.4% 2.4% 30.09.25 31.12.25 30.09.26 5.8% 6.1% 6.0% 30.09.25 31.12.25 30.09.26 Leading coverage levels are a safeguard against uncertainty 32 Group gross loan stage evolution (€ b) Group S2 ratio and coverage (%) Group S3 ratio and coverage (%) 1 S1 loans include Frontier senior notes (€2.4b in 3Q26) 34.9 36.9 38.9 2.3 2.5 2.6 0.9 0.9 1.0 30.09.25 31.12.25 30.09.26 Stage 3 Stage 2 Stage 1¹ Ratio Coverage Ratio Coverage 8.0% 7.9% 8.4% 55.7% 55.8% 53.4% 02 Financial Results in Detail
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03 Macro 33 3Q26 FinancialResults
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Growth momentum remains solid through 3Q26 34 03 Macro Broad-based growth weathers external shocks Supportive financial conditions and a stronger Greek risk profile Sources: ELSTAT, Bank of Greece & NBG Economic Analysis Broad-based improvement in macroeconomic and financial indicators through mid-2026 A synchronized and sustained rebound in household income and business profits • GDP growth holds close to 2%, with economic activity increasing by 1.9% yoy in 1H26, while recent indicators suggest that positive momentum was sustained in 3Q26. • Fixed investment continues to underpin economic growth, rising by 9.0% yoy in 1H26 to a 17y high of nearly 20% of GDP (based on upwardly revised data for 2022-25), supported by major investment projects, productivity-enhancing spending on ICT, machinery and intellectual property, and a rebound in residential and non-residential construction, backed by accelerating PIB and RRF disbursements (up by 16.5% yoy to €9.5 b in 9M26). • The labour market regained momentum, after a soft start to the year, with employment growth accelerating to 1.4% in 3Q26 from 0.9% in 1H26, while the unemployment rate declined to near-record lows (7.6% in September vs 8.5%, on average, in 9M26). • Average labour income increased by a robust 5.2% yoy in 1H26 (LCI), outpacing CPI inflation (+4.0%) and supporting real disposable income growth, despite lingering cost pressures. • Tourism is on track for another record year, with revenue up by 9.4% yoy and arrivals +10.0% in 8M26, while bookings and airline capacity planning data point to a strong end to 2026. • Business indicators confirm the corporate sector’s remarkable resilience to external shocks. Business profitability (gross operating surplus and mixed income) grew by a solid 5.6% yoy in 1H26 to a 17y high of €62.7 b. • Favourable financial conditions bolster economic activity, reflecting: (i) strong capital market funding and M&A activity, (ii) robust bank credit growth, and (iii) ample liquidity buffers, with private sector deposits at a 17y high of €227 b in September 2026. • Greece’s credit profile strengthened further in 3Q26, with Scope raising its rating to BBB+, (the highest rating for the Hellenic Republic in 16 years), while other three international rating agencies maintain positive outlook, signaling further upside. Moreover, the Greek stock market’s reclassification to developed-market status attracts new capital inflows. 20 40 60 80 100 20 40 60 80 100 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026e €b€b Gross operating surplus Mixed income Compensation of employees *annualized data * 118 192 180 117 80 100 120 140 160 180 200 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026e index, 2017=100 Real GDP House prices (HPI) Private sector deposits Employment * 1H26 annualized or latest data *
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35 04 Macro Resilient confidence and solid fundamentals to cushion near- term pressures Additional fiscal support and accelerating RRF deployment Sources: FRED, ICE, European Commission & NBG Economic Analysis Positive growth drivers sufficient to offset stronger headwinds in 4Q26 • Energy market uncertainty returned in September-October, with oil and gas prices hitting fresh annual highs despite recovering Middle East energy exports. • Business survey indicators continued to point to resilient economic activity through end-3Q26 despite renewed tensions, with the Economic Sentiment Indicator broadly stable relative to 2Q26 and key output measures remaining in expansionary territory. • The domestic energy sector has shown resilience, with infrastructure improvements, greater electrification and a more diversified energy mix mitigating energy cost pressures, while policy measures and producer discounts limited the pass-through of global shocks. This resilience is likely to be tested further in the coming months. • Consumer confidence proved more resilient than expected in 3Q26, supported by solid labour market conditions, additional fiscal measures and a temporary discount initiative on basic consumer goods launched in early September. Solid fundamentals are expected to cushion the impact of higher inflation in the final months of the year. • Fiscal support measures totaling c. €1.5 b, among the largest in the EU relative to GDP, have been introduced since March, including fuel profit-margin caps, targeted household support and fuel subsidies. Coverage was expanded to additional fuel categories in 3Q26 and may be maintained in the coming months. • The RRF-related growth impulse is strengthening as implementation enters its final phase, with the government submitting in September its final disbursement request for €6.8b of funding by year-end. The pipeline of funds expected to be channeled to the real economy in the coming quarters exceeds €15b. RRF spending is expected to continue providing a significant boost to fixed investment and economic activity through 2028, combined with higher PIB expenditure & MFF absorption. Renewed tensions in energy markets in September-October 03 Macro -50 -40 -30 -20 -10 0 10 20 30 40 -50 -40 -30 -20 -10 0 10 20 30 40 Industry Services Retail Construction index 2021-2025 avg 2010-2020 avg 2Q26 3Q26 Oct26 Business survey data suggest that key sectors remained resilient to global uncertainty through October 2026 60 70 80 90 100 110 120 130 60 70 80 90 100 110 120 130 Dec-24 Feb-25 Apr-25 Jun-25 Aug-25 Oct-25 Dec-25 Feb-26 Apr-26 Jun-26 Aug-26 Oct-26 Dec-26 $/barrel Brent futures (Aug-26, $/barrel) Brent futures (Sep-26, $/barrel) Brent futures (Oct-26, 29/10, $/barrel Brent spot (up to 27/10, $/barrel)
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0 150 300 450 600 750 0 40 80 120 160 200 240 280 320 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q26 €b€b Investment fund shares (left axis) Debt securities (left axis) Listed shares (left axis) Insurance (left axis) Deposits (left axis) Housing wealth (right axis) 36 Strong labour market and support measures buffer inflation pressures Sources: ELSTAT, European Commission, ECB & NBG Economic Analysis Strengthened financial savings of households; more differentiated investment patterns & rising housing wealth 85 90 95 100 105 110 0 2 4 6 8 10 12 14 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026e index€b GFCF (Households, current prices, left axis) Retail trade volume index (right axis) Private consumption and household investment in residential construction remain on a firm upward trajectory 14 16 18 20 22 24 2Q12 2Q13 2Q14 2Q15 2Q16 2Q17 2Q18 2Q19 2Q20 2Q21 2Q22 2Q23 2Q24 2Q25 2Q26 -15 -10 -5 0 5 10 15€b yoy Labour compensation (in €b, left axis) Labour compensation (%, right axis) Consumer loans (%, right axis) Labour cost index (2Q m.a. yoy, right axis, CPI deflated) Strong labour income growth and rising consumer lending underpin household consumption amid inflation headwinds 03 Macro -20 -10 0 10 20 30 40 50 60 -70 -60 -50 -40 -30 -20 -10 0 Jun-20 Oct-20 Feb-21 Jun-21 Oct-21 Feb-22 Jun-22 Oct-22 Feb-23 Jun-23 Oct-23 Feb-24 Jun-24 Oct-24 Feb-25 Jun-25 Oct-25 Feb-26 Jun-26 Oct-26 index index Greece: Consumer confidence (left axis) Inflation expectations (right axis) Inflation uncertainty weighs on consumer sentiment, disproportionately affecting more vulnerable population groups
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60 65 70 75 80 85 0 4 8 12 16 20 24 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026e %%GDP Residential construction (left axis) Non-residential construction (left axis) GFCF excl. total construction (left axis) Capacity utilization in industry (right axis) -10 -5 0 5 10 -10 -5 0 5 10 2019 2020 2021 2022 2023 2024 2025 2026e yoycontributions in pps Inventories* (left axis) Net exports (left axis) Investment (left axis) Consumption (left axis) GDP growth (right axis) *including other statistical discrepancies 37 Solid corporate performance fuels fixed capital investment Sources: ELSTAT, Bank of Greece, ECB & NBG Economic Analysis Investment momentum remains strong, led by productivity- enhancing capex and a revival in construction activity Fixed investment has emerged as the most consistent growth driver in recent years -8 0 8 16 24 -4 0 4 8 12 2018 2019 2020 2021 2022 2023 2024 2025 8M26 yoyyoy Manufacturing production index (left axis) Non-oil exports (constant prices, right axis) Export demand and solid domestic market conditions support manufacturing sector outperformance 03 Macro -2 0 2 4 6 8 10 12 14 16 18 20 -2 0 2 4 6 8 10 12 14 16 18 20 Sep-22 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 yoy Greece (loans to private sector, yoy, %) Greece (loans to NFCs, yoy, %) Euro area (loans to private sector, yoy, %) Euro area (loans to NFCs, yoy, %) Business activity continues to benefit from favorable domestic financial conditions
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18.2 17.7 12.9 11.711.9 6.9 5.4 2.0 13.3 0 5 10 15 20 Grants Loans €b Total available funding Receipts from EU* Disbursements to beneficiaries** Transfers to other entities* Transfer to HDB (Aug 2026) Contracted loans* * 2021 - Aug 2026 ** Grants: up to Jun-2026 Loans: up to Sep-2026 60 85 110 135 160 185 210 -12 -9 -6 -3 0 3 6 9 12 15 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026e 2027f %GDP%GDP General government primary balance (%GDP, left axis) General government gross debt (%GDP, right axis) surplus decifit 5.1% vs target of 3.7% 38 A strong fiscal position and high-quality official and private capital inflows to sustain growth in the coming years Sources: Hellenic Ministry of Finance, ELSTAT, Bank of Greece, IMF, European Commission& NBG Economic Analysis -10 -5 0 5 10 15 20 25 -10 -5 0 5 10 15 20 25 2019 2020 2021 2022 2023 2024 2025 8M26 €b Capital account Direct investment (net) Portfolio & other financial accounts (net flow)* Official loans (Gen. Government) Balancing items Current account deficit *includes portfolio investment, other investment excluding official loans, & changes in reserve assets A high-quality influx of external funding, including record-high FDI inflows, financed the current account deficit More than €11b of RRF-related inflows are expected by end- 2026, securing the full absorption of available resources and supporting robust economic growth in the quarters ahead -80 -70 -60 -50 -40 -30 -20 -10 0 10 20 EL CY PT HR IE ES SI IT NL EA DE MT BE LT AT LV FR SK LU EE BG FI %GDP General government gross debt, cumulative change 2020-26e (% of GDP) The rapid decline in Greece’s public debt is expected to continue, supported by sound fiscal policies, proactive debt management and favourable cyclical conditions Continued fiscal overperformance has allowed for a targeted fiscal easing with the primary surplus expected at 3.6% of GDP in 2026 from an upwardly revised 5.1% in 2025 03 Macro
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04 Transformation Program 39 3Q26 FinancialResults
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40 Our Growth & Transformation Program serves as the cornerstone of our strategy Corporate & Investment banking • Strengthening operating model and origination capabilities, driving lending and fee growth in Greek and international markets • Best-in-class Corporate Service Hubs across 5 locations, elevating customer experience and service delivery • Broader offering across Corporate Transaction Banking (CTB) and Global Markets, driving income growth Retail banking • Strengthening frontline capabilities across Mass, Business Banking and Wealth, driving lending and fee income growth across digital, remote and branch channels • Expansion of bancassurance capabilities through our long-term exclusive partnership with Allianz Greece, enhancing future fee generation capacity • Uplift of customer experience through transformation of key customer journeys, including onboarding, KYC, investments and cards Technology & Processes • Successful implementation of our new Core Banking System (CBS), laying the foundation for the next generation of banking services (1st in Greek market) • Agentic AI adoption through “Sofia” chatbot on digital channels and a Contact Center voice agent (1st in Greek market) • Unified loan origination platform already live across corporate and consumer loans as well as credit cards, with mortgages underway, enhancing operational efficiency and scalability Digital Business • Leading digital franchise, serving 4.7M subscribers and 3.3M active users (12M) through highly rated internet and mobile banking platforms • Strong digital sales penetration across the full product offering, from deposits, cards and loans to investments, bancassurance and payments, driven by AI-powered onboarding and c1,170 embedded banking agreements. 04 TransformationProgram
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41 Our digital business continue to deliver impressive results Registered users 29% Digital users 12M AU¹ 29% Market Shares² Digital Sales Penetration Time Deposits 59% Prepaid Cards 58% Consumer Loans 71% 1 Active users I 2 Source: Hellenic Bank Association (HBA) 3.1m 12M AU¹ 4.6 rating Retail 141K 12M AU¹ 4.6 rating Business 36K 12M AU¹ 4.5 rating Next 04 TransformationProgram
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42 AI-powered, Human-centered, Market-leading 4.7M registered users • First bank in Greece to launch fully AI-powered onboarding for new customers • Embedding AI across the customer journey — from transactions to contact center support Leading position in greek digital banking AI-powered at scale Strategic partnerships • New Skroutz co-branded credit card • Established embedded banking footprint with c1,170 agreements (c280 agreed in 2025) • Partnership to offer international shares, ETFs and MMFs through our youth app, Next 04 TransformationProgram
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05 ESG 43 3Q26 FinancialResults
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44 Creating value for businesses and households while enabling Greece's transition • €2,719m RRF loans contracted o/w 67% green pillar Leading sustainable energy financing Accelerating transition to a sustainable economy Corporate (Sep26) Role-modelling environmentally responsible practices C&E theme Key recent developments and metrics Corporate RES financing (€ b) Retail (Sep26) • 0.2MW solar panels across 3 NBG buildings • 2.3MW solar panels at PAEGAE logistics subsidiary Energy-efficient buildings Energy-efficient car fleet • >80% of company cars hybrid / electric • 131 car charging points installed in 10 NBG buildings €2.5b Green bond issuances (€ m) 1.1 1.6 2.0 2.3 2.5 2.6 2021 2022 2023 2024 2025 3Q26 2.3x 500 650 750 2020 (called) 2024 2025 28% 2026 600 Allocated Unallocated July 2026: published 3rd & 4th Allocation & Impact report (link) Sep 26 mix: • 38% wind • 37% solar • 7% storage • 19% other RES Green business loans €55m Green mortgages (actual EPC A-C) €339m Home retrofit loans €67m Green auto loans €64m c28% share in state sponsored retrofit program ('Upgrade my Home') disbursements during 2026 05 ESG
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• Municipality of Athens: MoU for conversion of 7 NBG-owned buildings into sports facilities, parks & public spaces for Athenians. Environment protection 45 Contributions to society with impactful initiatives, supported by solid corporate governance framework Education, Financial Empowerment & Inclusion • Finance for All: New financial education platform launched. • Ioannina schools: Donation of 3 school buildings in Ioannina to be renovated in 2027. 3Q26 highlights Public Health & Well-being • Dementia Centre of Excellence1: Donation agreement signed with Greek state, to be operational in 2028. • Greek athletes: Continue supporting 7 national champions towards Olympic Games LA preparation. • Athens Olympic Swimming Centre: Renovation & energy upgrade. • Paralympic Committee: Gold Sponsor of Paralympic Committee for 2026-2028. 1 Co-funded by NBG and 12 leading Greek foundations (Initiative ’21) | 2.National Kapodistrian University of Athens, Aristotle University of Thessaloniki, National Technical University of Athens. • NBG Business Seeds: 17th Innovation & Technology Competition launched with record of 471 applications. • UNESCO Goodwill Ambassadors: support of the historic annual meeting in Athens focusing on AI & culture. Entrepreneurship & innovation • NBG Cultural Foundation (MIET): Digital educational program for students on the history of democracy. • NBG Historical Archive: New exhibition Facets of the City of Athens, 1841-1941. Greek heritage, culture & creativity Social initiatives in collaboration with other Greek Banks • “Marietta Giannakou”: 670 school buildings renovated to date, benefiting >150,000 students across Greece. • “Academia 2030”: 1st Phase of infrastructure upgrade of selected Greek universities2. • Viotia wildfires: Financial relief/support measures for households, businesses & families of lost firefighters. Corporate Governance Solid corporate governance framework: Deeply embedded in our culture and operating model, ensuring robust controls, strengthening transparency 05 ESG
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06 Appendix 46 3Q26 FinancialResults
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47 Balance Sheet & P&L 1 Before one-offs | 2 Including NBG branch closure FX recycling P&L | Group 3Q26 2Q26 1Q26 4Q25 3Q25 € m NII 587 555 541 530 527 Net fee & commission income 128 129 114 133 116 Core Income 715 684 655 663 642 Trading & other income 18 18 61 29 2 Total Income 733 703 716 692 644 Personnel expenses (135) (132) (132) (131) (125) G&As (64) (61) (62) (76) (60) Depreciation (53) (51) (52) (57) (50) Operating Expenses (252) (243) (246) (263) (234) Core Pre-Provision Income 463 441 409 400 408 Pre-Provision Income 481 459 470 428 410 Loan & other Impairment (41) (45) (41) (55) (45) Operating Profit 440 414 429 373 365 Taxes (104) (97) (85) (92) (87) Minorities (1) (1) (1) (1) (1) PAT¹ 335 317 344 280 277 Attributable PAT² 321 295 272 275 274 Balance Sheet | Group 3Q26 2Q26 1Q26 4Q25 3Q25 € m Cash & Reserves 5,357 4,813 5,617 5,459 5,957 Interbank placements 2,636 2,599 2,702 2,261 2,392 Securities 24,602 25,128 24,778 22,196 21,531 Loans (Gross) 42,559 42,503 41,187 40,543 38,331 Provisions (Stock) (994) (1,014) (1,020) (984) (941) Goodwill & intangibles 718 716 704 711 664 RoU assets 165 155 160 165 474 Property & equipment 1,442 1,365 1,361 1,351 837 DTA and other assets 6,403 7,075 7,186 7,079 7,368 Assets held for sale 16 20 23 105 114 Total assets 82,904 83,360 82,699 78,886 76,727 Interbank liabilities 2,970 4,259 6,478 2,680 2,037 Deposits 62,256 61,691 58,543 59,613 58,336 Debt securities 4,644 4,500 4,496 4,245 3,855 Other liabilities 3,042 2,971 3,225 3,050 2,938 Lease liabilities 224 214 219 215 559 Liabilities held for sale 0 0 0 0 0 Non-controlling interest 29 29 29 28 28 ΑΤ1 500 500 500 0 0 Equity 9,238 9,197 9,209 9,055 8,975 Total equity and liabilities 82,904 83,360 82,699 78,886 76,727 06 Appendix
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48 Balance Sheet & P&L 1 Before one-offs | 2 Including NBG branch closure FX recycling P&L | International 3Q26 2Q26 1Q26 4Q25 3Q25 € m NII 25 24 24 22 22 Net fee & commission income 7 3 4 3 4 Core Income 32 27 28 25 25 Trading & other income 5 1 1 1 (1) Total Income 37 27 28 26 24 Personnel expenses (10) (9) (9) (9) (8) G&As (6) (7) (5) (7) (5) Depreciation (1) (1) (1) (2) (1) Operating Expenses (17) (17) (15) (18) (15) Core Pre-Provision Income 16 10 12 8 10 Pre-Provision Income 21 11 13 9 10 Loan & other Impairment (3) (0) (1) 3 (5) Operating Profit 18 10 13 12 5 Taxes (3) (1) (1) (0) (5) Minorities (1) (1) (1) (1) (1) PAT¹ 15 9 11 11 (0) Attributable PAT² 15 9 11 12 14 P&L | Domestic 3Q26 2Q26 1Q26 4Q25 3Q25 € m NII 563 531 517 508 505 Net fee & commission income 120 127 110 130 112 Core Income 683 658 627 638 617 Trading & other income 13 18 60 27 3 Total Income 695 675 687 665 620 Personnel expenses (125) (123) (123) (122) (116) G&As (59) (54) (56) (69) (55) Depreciation (51) (50) (51) (55) (48) Operating Expenses (235) (227) (231) (246) (220) Core Pre-Provision Income 448 431 397 392 398 Pre-Provision Income 460 448 457 419 401 Loan & other Impairment (38) (45) (41) (58) (41) Operating Profit 422 404 416 361 360 Taxes (101) (95) (83) (92) (82) Minorities - - - - - PAT¹ 321 308 333 269 278 Attributable PAT² 306 286 261 264 259 06 Appendix
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49 ESMA Alternative Performance Measures (APMs), financial data and ratios definitions Τhe 3Q26 Financial Results Presentation presents the Financial Results and other basic financial information of National Bank of Greece S.A. (the “Bank”) (together with its consolidated subsidiaries (the “Group”)) for the period ended 30 September 2026, and has been prepared, in all material respects, from the underlying accounting and financial records of the Group and the accounting policies applied by the Group in the preparation of its interim financial statements in accordance with International Accounting Standard 34 “Interim Financial Reporting” and International Financial Reporting Standards (“IFRSs”), as endorsed by the EU. The Financial Results and the basic Financial Information presented in this document refer to unaudited financial figures and include the estimates of the Management and provisions relating to financial data or other events of the period ended 30 September 2026. The 3Q26 Financial Results Presentation contains financial data, which is compiled as a normal part of our financial reporting and management information systems. For instance, financial items are categorized as foreign or domestic on the basis of the jurisdiction of organization of the individual Group entity, whose separate financial statements record such items. Moreover, it contains references to certain measures which are not defined under IFRS, including “pre-provision income” (“PPI”), “net interest margin” and others, as defined below. These are non-IFRS financial measures. A non-IFRS financial measure is one that measures historical or future financial performance, financial position or cash flows but which excludes or includes amounts that would not be so adjusted in the most comparable IFRS measure. The Group believes that the non-IFRS financial measures it presents allow a more meaningful analysis of the Group’s financial condition and results of operations. However, the non-IFRS financial measures presented are not a substitute for IFRS measures. 06 Appendix
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50 Definition of financial data, ratios used and alternative performance measures Name Abbreviation Definition Assets held for sale -- Non-current assets held for sale Cash and Reserves -- Cash and balances with central banks Combined Buffer Requirement CBR Total CET1 capital required to meet the requirements for the capital conservation buffer Common Equity Tier 1 Ratio CET1 CET1 capital as defined by Regulation No 575/2013, over RWAs, including the period PAT Core Income CI Net Interest Income (“NII”) + Net fee and commission income Core Pre-Provision Income Core PPI Core Income less operating expenses Cost of Risk CoR Credit provisions of the year (or of the period annualized) over average net loans,excluding credit provisions charge of €3m for 1H26 and the provisions release of €16m for Project Etalia for 1H25 Cost-to-Income C:I Operating expenses over income Debt securities -- Debt securities in issue plus other borrowed funds Deposit Yields -- Annualized interest expense on deposits over deposit balances Deposits -- Due to customers Depreciation -- Depreciation and amortisation on investment property, property & equipment and software Disbursements -- Loan disbursements for the year/period not considering rollover of working capital repaid and increase of unused credit limits Domestic operations Domestic Refers to banking business in Greece and includes retail, corporate and investment banking. Group’s domestic operations include operations of the Bank in Greece, Ethniki Leasing S.A (Ethniki Leasing) and Ethniki Factors S.A. (Ethniki Factors) Earnings per share EPS PAT (annualized) over outstanding ordinary shares Fee Income / Net Fees -- Net fee and commission income Fees / Assets -- Net fee and comission income divided by Total Assets Forborne -- Exposures for which forbearance measures have been extended according to EBA ITS technical standards on Forbearance and Non-Performing Exposures Forborne Non-Performing Exposures FNPEs Exposures with forbearance measures that meet the criteria to be considered as non performing according to EBA ITS technical standards on Forbearance and Non-Performing Exposures Forborne Performing Exposures FPEs Exposures with forbearance measures that do not meet the criteria to be considered as non performing according to EBA ITS technical standards on Forbearance and Non-Performing Exposures and forborne exposures under probation period Funding cost/Cost of funding - The weighted average cost of deposits, ECB refinancing, repo transactions, as well as covered bonds and securitization transactions General and administrative expenses G&As General, administrative and other operating expenses Gross Loans/ Gross Book Value (GBV) -- Loans and advances to customers at amortised cost before ECL allowance for impairment on loans and advances to customers at amortised cost and Loans and advances to customers mandatorily measured at FVTPL Goodwill & Intangibles -- Goodwill, software and other intangible assets HR cost -- Personnel cost International activities -- International operations include the Group’s business in North Macedonia (Stopanska Banka, Stopanska Leasing) and Cyprus (NBG Cyprus) Lease liabilities -- Lease liabilities are presented separately and they are included in Other liabilities Liabilities held for sale -- Liabilities associated with non-current assets held for sale Liquidity Coverage Ratio LCR The LCR refers to the liquidity buffer of High Quality Liquid Assets (HQLAs) that a Financial Institution holds, in order to withstand net liquidity outflows over a 30 calendar-day stressed period, as per Regulation (EU) 2015/61 Loan & other Impairments -- The sum of credit provisions and other impairment charges, excluding (a) a release of €40m related to a specific GGB debt security which was transferred to Stage 1, other impairments of €25m regarding the estimated impact of developments relating to Greek Law 3869/2010 ("Katseli Law") and other impairments and credit provisions charge of €12m for 9M26 and (b) provisions release of €67m related to HfS transactions and subsidiaries portfolio sales for 9M25 06 Appendix
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51 Definition of financial data, ratios used and alternative performance measures Name Abbreviation Definition Loan / Lending Yield -- Annualized (or annual) loan interest income over gross performing exposures Loans-to-Deposits Ratio L:D ratio Loans and advances to customers over due to customers at year/period end Minorities -- Non-controlling interest MREL -- The minimum requirement for own funds and eligible liabilities under the BRRD. Net Interest Income NII NII excluding an adjustment of -€2m in 2Q26 and 9M26 Net Interest Margin NIM Net interest income over average tangible assets, which are calculated as the sum of the monthly average tangible assets Net Loans -- Loans and advances to customers Net Non-Performing Exposures Net NPEs NPEs minus LLAs Non-Performing Exposures NPEs Non-performing exposures are defined according to EBA ITS technical standards 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 realization of collateral, regardless of the existence of any past due amount or of the number of days past due. Non-Performing Exposures Coverage Ratio NPE coverage ECL allowance for loans and advances to customers at amortised cost divided by NPEs at year / period end Non-Performing Exposures Organic Formation NPE organic formation NPE balance change at year end / period end, excluding sales and write-offs Non-Performing Exposures Ratio NPE ratio NPEs divided by loans and advances to customers at amortised cost before ECL allowance and loans and advances to customers mandatorily measured at FVTPL at the end of period Non-Performing / (90+ dpd) Loans NPLs / 90+dpd Loans and advances to customers at amortised cost in arrears for 90 days or more Operating Expenses / Costs / Total Costs OpEx Personnel expenses + G&As + Depreciation, excluding the additional social security contributions for LEPETE to e-EFKA and other one-off costs. Operating expenses exclude personnel expenses related to defined contributions for LEPETE to e-EFKA charge (9M26: €30m, 9M25: €27m), contribution to ''Marietta Giannakou'' Public School Building Government Renovation Program (9M25: €25m) and other one- off costs (9M26: €23m, 9M25: €23m) Operating Result / Operating Profit / (Loss) -- Total income less operating expenses and loan & other impairments Other Assets -- Derivative financial instruments plus Investment property plus Equity method investments plus Current income tax advance plus Other assets Other Impairments -- Impairment charge for securities + other provisions and impairment charges Other liabilities -- Derivatives financial instruments plus Deferred tax liabilities plus Retirement benefit obligations plus Current income tax liabilities plus other liabilities per FS excluding lease liabilities Performing Loans / Exposures PEs Gross loans less NPEs, excluding senior notes Property & Equipment -- Property and equipment excluding RoU assets Pre-Provision Income PPI Total income less operating expenses, before loan & other impairments Profit and Loss P&L Income statement Provisions (Stock) / Loan Loss Allowance LLAs ECL allowance for impairment on loans and advances to customers at amortised cost Return on Tangible Equity RoTE Calculated as PAT (excluding one off income / expenses) over average tangible equity Risk Weighted Assets RWAs Assets and off-balance-sheet exposures, weighted according to risk factors based on Regulation (EU) No 575/2013 RoU assets -- RoU assets are presented separately and they are included in Property and equipment Securities -- Investment securities and financial assets at fair value through profit & loss Tangible Equity / Book Value TBV Equity attributable to NBG shareholders less ΑΤ1, goodwill, software and other intangible assets Taxes -- Tax benefit / (expenses), excluding non recurring withholding taxes Total Capital Ratio CAD Total capital as defined by Regulation No 575/2013, over RWAs Trading and Other Income -- The sum of (i) Net trading income/ (loss) and results from investment securities, (ii) Gains/ (losses) arising from the derecognition of financial assets measured at amortised cost, (iii) Net other income/ (expense) and (iv) Share of profit/ (loss) of equity method investments, excluding NBG Egypt branch FX recycling of -€86m in 1H25 06 Appendix
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52 Important Notice – Disclaimer The information, statements and opinions set out in the 3Q26 Financial Results Presentation and accompanying discussion (the “Presentation”) have been provided by National Bank of Greece S.A. (the “Bank”) (together with its consolidated subsidiaries (the “Group”). They serve informational only purposes and should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments and do not take into account particular investment objectives, financial situation or needs. It is not a research report, a trade confirmation or an offer or solicitation of an offer to buy/sell any financial instruments. Accuracy of Information and Limitation of Liability Whilst reasonable care has been taken to ensure that its contents are true and accurate, no representations or warranties, express or implied are given in, or in respect of the accuracy or completeness of any information included in the Presentation. To the fullest extent permitted by law in no circumstances will the Bank, or any of its respective subsidiaries, shareholders, affiliates, representatives, directors, officers, employees, advisers or agents be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of the Presentation, its contents (including the internal economic models), its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. Recipients of the Presentation are not to construe its contents, or any prior or subsequent communications from or with the Bank or its representatives as financial, investment, legal, tax, business, or other professional advice. In addition, the Presentation does not purport to be all-inclusive or to contain all the information that may be required to make a full analysis of the Bank. Recipients of the Presentation should consult with their own advisers and should each make their own evaluation of the Bank and of the relevance and adequacy of the information. The Presentation includes certain non-IFRS financial measures. These measures are presented in this section under “ESMA Alternative Performance Measures (APMs), definition of financial data and ratios used” and may not be comparable to those of other credit institutions. Reference to these non-IFRS financial measures should be considered in addition to IFRS financial measures but should not be considered a substitute for results that are presented in accordance with IFRS. Due to rounding, numbers presented throughout the Presentation may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. 06 Appendix
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53 Important Notice – Forward Looking Information The Presentation contains forward-looking statements relating to Management’s intent, belief, or current expectations with respect to, inter alia, the Bank’s businesses and operations, market conditions, results of operation and financial condition, capital adequacy, risk management practices, liquidity, prospects, growth and strategies (“Forward Looking Statements”). Forward Looking Statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words “may”, “will”, “believes”, “expects”, “predicts”, “intends”, “projects”, “plans”, “estimates”, “aims”, “foresees”, “anticipates”, “targets”, “would”, “could” or similar expressions or the negative thereof. Forward Looking Statements reflect knowledge and information available at the date of the Presentation and are subject to inherent uncertainties and qualifications and are based on numerous assumptions, in each case whether or not identified in the Presentation. Although Forward Looking Statements contained in the Presentation are based upon what Management of the Bank believes are reasonable assumptions, because these assumptions are inherently subject to significant uncertainties and contingencies, including risks that are difficult or impossible to predict and are beyond the Bank’s control, no assurance can be provided that the Bank will achieve or accomplish these expectations, beliefs or projections. Risks to the outlook are mostly related to geopolitical tensions and conflicts, particularly in the Middle East, as higher energy prices partly erode the purchasing power of households and geopolitical uncertainty weighs on confidence. A pivotal factor is whether the ongoing peace talks between the US and Iran and the respective easing of the disruptions of naval flows through the Strait of Hormuz and the Gulf of Oman, will remain on track. Furthermore, inflation developments and the prospect of unexpected aggressive policy tightening by monetary authorities could also hurt risk appetite, leading to higher equity risk premia and damaging investment. Finally, uncertainty over the scope of actions that may be required by us, governments, and others to achieve goals relating to climate, environmental and social matters, as well as the evolving nature of underlying technological and industrial and governmental standards and regulation. Therefore, these events constitute additional factors that could cause actual results to differ materially from the ones included in the Forward Looking Statements. Forward Looking Statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. The Bank’s actual results may differ materially from those discussed in the Forward Looking Statements. Some important factors that could cause actual results to differ materially from those in any Forward Looking Statements could include, inter alia, changes in domestic and foreign business, market, financial, political and legal conditions including changing industry regulation, adverse decisions by domestic or international regulatory and supervisory authorities, the impact of market size reduction, the ability to maintain credit ratings, capital resources and capital expenditures, adverse litigation and dispute outcomes, and the effect of such outcomes on the Group’s financial condition. There can be no assurance that any Forward Looking Statement will be realized, and the Bank expressly disclaims any obligation or undertaking to release any updates or revisions to any Forward Looking Statement to reflect any change in the Bank’s expectations with regard thereto or any changes in events, conditions, or circumstances on which any Forward Looking Statement is based. Accordingly, the reader is cautioned not to place undue reliance on Forward Looking Statement. No Updates Unless otherwise specified all information in Presentation is as of the date of the Presentation. Neither the delivery of the Presentation nor any other communication with its recipients shall, under any circumstances, create any implication that there has been no change in the Bank’s affairs since such date. Except as otherwise noted herein, the Bank does not intend to, nor will it assume any obligation to, update the Presentation or any of the information included herein. The Presentation is subject to Greek law, and any dispute arising in respect of the Presentation is subject to the exclusive jurisdiction of the Courts of Athens. 06 Appendix
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54 Contact details Maria Kanellopoulou | Analysts +30 210 334 1537 mkanellopoulou@nbg.gr Christos Christodoulou | Group CFO cchristodoulou@nbg.gr Panagiotis Alevras | Institutional Investors +30 210 334 3031 alevras.pan@nbg.gr Ioannis Pouloutidis +30 210 334 3034 pouloutidis.ioannisgeorgios@nbg.gr Marios Deportou | Rating agencies +30 210 334 3008 nteportou.mariosioannis@nbg.gr Investor Relations Division 93 Eolou Str., Mela Mansion, 105 51 Athens +30 210 334 3037 ir@nbg.gr Greg Papagrigoris | Group Head of IR +30 210 334 2310 papagrigoris.gr@nbg.gr This presentation is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No part of this presentation may be construed as constituting investment advice or recommendation to enter into any transaction. No representation or warranty is given with respect to the accuracy or completeness of the information contained in this presentation, and no claim is made that any future to transact any securities will conform to any terms that may be contained herein. Before entering into any transaction, investors should determine any economic risks and benefits, as well as any legal, tax, accounting consequences of doing so, as well as their ability to assume such risks, without reliance on the information contained in this presentation. 06 Appendix