Earnings release
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Financial Results 30 July 2026 1H2026 Financial Results ✓ Organic Loan Growth of €2.7bn in 1H2026 (+10.5% y-o-y) ✓ Customer deposits up by €2.9bn1 in 1H2026 (+9.6% y-o-y) ✓ Managed funds up by €1.2bn in 1H2026 (+29.2% y-o-y) ✓ Earnings per share ( EPS) at €20 cents, with the non -Greek operations contributing nearly half to adjusted net profit ✓ RoTBV at 16.6% ✓ TBV per share at €2.57 ✓ Total CAD and CET1 ratios2 of 20.3% and 15.4%, respectively ✓ NPE ratio at 2.5% - Provisions over NPEs at 82.4% 1 Excluding 0.8bn short term corporate deposit matured on 1 July 2026. 2 Pro forma for a synthetic securitization. Accounting for payout accrual. Including period profits. Payout subject to relevant approvals.
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Financial Results 30 July 2026 “ Despite persistent geopolitical uncertainty and renewed tensions in the Middle East, the economies of our core markets have remained on a solid growth trajectory. The Greek economy has so far proven resilient, driven by strong investment activity, tourism and continued credit expansion, underpinned by sustained demand for business lending. At the same time, prudent fiscal management reinforces investor confidence and creates fiscal space for targeted measures to mitigate the impact of inflation on the most vulnera ble households. In Cyprus and Bulgaria, economic sentiment and growth remain also robust. In this environment, Eurobank continued to support economic growth and to deliver strong financial results. Our loan book expanded by 10% annually in the first half and by €1.6 billion in the second quarter, while managed funds, a key pillar of our strategy, increased by €2.5 billion on yearly basis. Overall, the second quarter results demonstrate solid organic growth at an even faster pace than previously, both in Greece and across the region. Despite ongoing geopolitical risks and economic uncertainty, the strength of the underlying trends gives us confidence that we will exceed our full-year targets. Accordingly, we now expect the 2026 EPS growth well above 10%, resulting at a RoTBV close to 17%, compared to the previous guidance of 16%.” Fokion Karavias, CEO
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Financial Results 30 July 2026 1H2026 Financial Results Review Eurobank’s performance in 1H2026 was robust. Specifically: ▪ Net interest income rose by 6.1% y-o-y to €1,348m. Net interest margin receded by 5 basis points y-o-y to 2.46%, reflecting primarily lower ECB rates (1H2026 average ECB Deposit Facility Rate of 202 basis points, compared to 252 basis points for 1H2025). ▪ Net fee and commission income expanded by 13.5% y-o-y to €414m, mainly d ue to higher fees from Lending, Wealth Management Business and Insurance operations and accounted for 76 basis points of total assets. ▪ Core income grew by 7.8% y-o-y to €1,762. Total operating income increased by 9.0% y-o-y to €1,810m. ▪ Operating expenses increased by 7.8% y-o-y to €662m, while the cost to total income ratio reached 36.6% in 1H2026. ▪ Core pre-provision income was up by 7.7% y-o-y to €1,100m, whereas pre-provision income was up by 9.6% to €1,148m. ▪ Loan loss provisions declined by 4.9% y-o-y to €148m, accounting for 53 basis points of average net loans. ▪ Core operating profit before tax was up by 10.0% y-o-y to €952m. ▪ Adjusted net profit was up by 9.2% y-o-y to €776m, while reported net profit was up by 6.8% to €738m. ▪ EPS and the return on tangible book value reached €0.20 and 16.6%, respectively. ▪ The adjusted net profit of the non-Greek operations decreased by 3.3% y-o-y to €361m, contributing 46.5% to the profitability of the Group. Specifically, the adjusted net profit in Cyprus declined by 7.7% y-o-y to €231m and in Bulgaria was up by 7.8% y-o-y to €119m. ▪ The NPE ratio was 2.5% and the Provisions over NPEs were 82.4% at 30 June 2026. ▪ Capital adequacy remained robust, with Total CAD and CET1 ratios3 reaching 20.3% and 15.4% at 30 June 2026, respectively. ▪ Tangible book value per share reached €2.57 at 30 June 2026, up by 8.0% y-o-y. ▪ Total assets amounted to €112.9bn at 30 June 2026, of which €66.0bn in Greece, € 29.3bn in Cyprus and €14.6bn in Bulgaria. ▪ Loans grew organically by € 2.7bn in 1H2026, of which €1.4bn in Greece and € 1.3bn in the non -Greek operations. Total gross loans amounted to €58.1bn at 30 June 2026, of which €38.1bn in Greece, €9.2bn in Cyprus and €9.8bn in Bulgaria. At Group level, business loans stood at €36.3bn, mortgages at €13.0bn and consumer loans at €5.1bn. ▪ Customer deposits amounted to €86.4bn at 30 June 2026 (up by €2.9bn4 in 1H2026), of which €48.1bn in Greece, €24.1bn in Cyprus and €11.6bn in Bulgaria. The loans to deposits ratio and the liquidity coverage ratio were 66.0% and 174.1% at 30 June 2026, respectively. ▪ Managed funds grew by 29.2% y-o-y to €11.0bn at 30 June 2026. Private banking client assets and liabilities increased by 10.2% y-o-y to €14.9bn at 30 June 2026. 3 Pro forma for a synthetic securitisation. Accounting for payout accrual. Including period profits. Payout subject to relevant approvals. 4 Excluding 0.8bn short term corporate deposit matured on 1 July 2026.
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Financial Results 30 July 2026 Adjusted Net Profit (€m) (€εκ.) Core Operating Profit (€m) NPE Ratio (%) Provisions / NPEs (%) Capital Adequacy (%) Return on Tangible Book Value (%) 711 776 1H2025 1H2026 866 952 1H2025 1H2026 2,8 2,5 1H2025 1H2026 92,8 82,4 1H2025 1H2026 15,4 20,3 CET1 CAD 16,6 16,6 1H2025 1H2026
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Financial Results 30 July 2026 P&L (€m) 1H2026 1H2025 Change Net Interest Income 1,348 1,270 6.1% Net Fee & Commission Income 414 364 13.5% Total Operating Income 1,810 1,661 9.0% Total Operating Expenses 662 614 7.8% Core Pre-Provision Income 1,100 1,021 7.7% Pre-Provision Income 1,148 1,047 9.6% Loan Loss Provisions 148 155 -4.9% Core Operating Profit 952 866 10.0% Adjusted Net Profit 776 711 9.2% Net Profit 738 691 6.8% Balance Sheet (€m) 1H2026 1H2025 Consumer Loans 5,119 4,687 Mortgages 12,957 12,750 Small Business Loans 3,532 3,605 Large Corporates & SMEs 32,763 28,463 Total Gross Loans 58,117 53,620 Total Customer Deposits 86,431 78,152 Total Assets 112.943 102,228 Financial Ratios 1H2026 1H2025 Net Interest Margin 2.46% 2.51% Cost to Income 36.6% 37.0% NPE Ratio 2.5% 2.8%5 Provisions / NPEs 82.4% 92.8%6 Provisions to average Net Loans 0.53% 0.60% Return on Tangible Book Value 16.6% 16.6% Earnings per Share (€) 0.20 0.19 CET1 15.4%7 15.5% 5 Excluding APS NPEs of Eurobank Ltd, which were classified as HFS since 30 September 2025 and were derecognised in the first quarter of 2026. 6 Excluding APS NPEs of Eurobank Ltd, which were classified as HFS since 30 September 2025 and were derecognised in the first quarter of 2026, as well as the respective provisions. 7 Pro forma for a synthetic securitisation. Accounting for payout accrual. Including period profits. Payout subject to relevant approvals.
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Financial Results 30 July 2026 ❖ Adjusted net profit : Net profit/loss attributable to equity holders of the parent company excluding restructuring costs, goodwill impairment/ gain on acquisition, gains/(losses) related to the transformation and NPE reduction plans, contribution to Greek State’s infrastructure projects , net profit/(loss) from discontinued operations and income tax adjustments. ❖ Adjusted Basic Earnings per share (EPS): Net profit attributable to equity holders of the parent company, after deducting the coupons on AT1 capital instruments on an accrued basis (net of tax), divided by the weighted average number of ordinary shares outstanding, during the period. ❖ Common Equity Tier 1 (CET1): In accordance with the Regulation (EU) No 575/2013, as in force, Common Equity Tier 1 regulatory capital, divided by total Risk Weighted Assets (RWA). ❖ Core Operating Profit: Core pre-provision income minus impairment losses relating to loans and advances charged in the reported period. ❖ Core Pre-provision Income (Core PPI): The total of net interest income, net banking fee and commission income and income from non-banking services minus the operating expenses of the reported period. ❖ Cost to core income: Total operating expenses divided by total core operating income. Core operating income is the total of net interest income , net banking fee and commission income and income from non- banking services for the reported period. ❖ Cost to Income ratio: Total operating expenses divided by total operating income. ❖ Fees and commissions: The total of net banking fee and commission income and income from non-banking services of the reported period. ❖ Fees and commissions over assets ratio: The Fees and commissions of the reported period, annualized and divided by the average balance of continued operations’ total assets (the arithmetic average of total assets, excluding those related to discontinued operations’ at the end of the reported period, at the end of interim quarters and at the end of the previous period). ❖ Income from trading and other activities : The total of net trading income , gains less losses from investment securities and other income/ (expenses) of the reported period. ❖ Loans to Deposits ratio: Loans and advances to customers at amortised cost divided by due to customers at the end of the reported period. ❖ Liquidity Coverage Ratio (LCR): The total amount of high-quality liquid assets divided by the net liquidity outflows for a 30-day stress period as per Regulation (EU) 2015/61. ❖ Net Interest Margin (NIM): The net interest income of the reported period annualised and divided by the average balance of continued operations’ total assets (the arithmetic average of total assets, excluding those related to discontinued operations at the end of the reported period, at the end of interim quarters and at the end of the previous period). ❖ Non-performing exposures (NPEs): NPEs (in compliance with EBA Guidelines) are the Group’s material exposures which are more than 90 days past-due or for which 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 the number of days past due. The NPEs , as reported herein, refer to the gross loans at amortised cost except for those that have been classified as held for sale. ❖ NPEs formation: Net increase/decrease of NPEs in the reported period excluding the impact of write-offs, sales and other movements. Glossary - Definition of Alternative Performance Measures (APMs) and other selected financial measures/ ratios
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Financial Results 30 July 2026 ❖ NPEs Coverage ratio : Impairment allowance for loans and advances to customers and impairment allowance for credit related commitments (off balance sheet items), divided by NPEs at the end of the reported period. ❖ NPEs ratio: NPEs divided by gross loans and advances to customers at amortised cost at the end of the reported period. ❖ Pre-Provision Income (PPI ): Operating income minus operating expenses as disclosed in the financial statements for the reported period. ❖ Provisions (charge) to average net loans ratio (Cost of Risk) : Impairment losses relating to loans and advances charged in the reported period, excluding the amount associated with loans and advances to customers at amortized cost classified as held for sale, annualised and divided by the average balance of loans and advances to customers at amortised cost (the arithmetic average of loans and advances to customers at amortised cost, at the end of the reported period, at the end of interim quarters and at the end of the previous period). ❖ Return on tangible book value (RoTBV): Adjusted net profit, after deducting the coupons on AT1 capital instruments on an accrued basis (net of tax), divided by the average tangible book value. ❖ Tangible Book Value (TBV ): Total equity excluding preference shares , AT1 capital instruments and non- controlling interests minus intangible assets. ❖ Tangible Book Value/Share (TBV/S): Tangible book value divided by outstanding number of shares as at period end excluding own shares. ❖ Total Capital Adequacy ratio : In accordance with the Regulation (EU) No 575/2013 , as in force , Total regulatory capital divided by total Risk Weighted Assets (RWA). The RWA are the Group’s assets and off - balance-sheet exposures, weighted according to risk factors based on Regulation (EU) No 575/2013, taking into account credit, market and operational Risks.
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30 Jun 2026 31 Dec 2025 ASSETS Cash and balances with central banks 14,440 15,628 Due from credit institutions 2,497 2,356 Derivative financial instruments 547 780 Loans and advances to customers 56,991 54,663 Investment securities 28,554 24,884 638 614 Property and equipment 1,077 1,067 Investment property 1,332 1,331 Intangible assets 591 511 Deferred tax assets 3,522 3,629 Other assets 3,392 3,127 Total assets 112,943 107,976 LIABILITIES Due to central banks and credit institutions 3,639 3,851 Derivative financial instruments 1,016 915 Due to customers 86,399 82,704 Debt securities in issue 8,314 7,352 Insurance contract liabilities 733 684 Other liabilities 1,938 1,847 Total liabilities 102,039 97,353 EQUITY Share capital 799 799 9,015 8,734 Additional Tier I capital instruments 1,090 1,090 10,904 10,623 112,943 107,976 1 Jan - 1 Jan - 30 Jun 2026 30 Jun 2025 Net interest income 1,348 1,270 Net banking fee and commission income 336 292 Income from non banking services 78 73 Net trading income and gains/losses from investment securities 28 52 Other income/(expenses) 17 12 of which derecognition loss from NPE reduction transactions (3) - of which gain on acquisition of CNP Cyprus Insurance Holdings - 38 Operating income 1,807 1,699 Operating expenses (662) (614) (159) (179) (12) (24) Other impairments, risk provisions and related costs (15) (0) Restructuring costs (49) (41) Special tax levy on credit institutions (18) (17) Share of results of associates and joint ventures 15 24 Profit before tax from continuing operations 919 872 Income tax (200) (178) Net profit from continuing operations 719 694 Net profit/(loss) from discontinued operations 19 (3) Net profit attributable to equity holders οf the parent company 738 691 of which securities backing insurance and investment contract liabilities In € million Impairment losses relating to loans and advances to customers EUROBANK S.A. General Commercial Registry No: 154558160000 In € million CONSOLIDATED BALANCE SHEET INFORMATION Share premium, reserves and retained earnings Total equity and liabilities Total equity CONSOLIDATED INCOME STATEMENT INFORMATION of which impairment loss related to NPE reduction projects Notes: 1. In December2025, the mergerby absorptionof EurobankHoldingsby EurobankS.A. was completed,and EurobankS.A. becamethe ultimate parentcompanyoftheGroup. 2. Thespecialtaxlevyon creditinstitutions,whichwaspreviouslyincludedin incometax,hasbeenpresentedseparatelyfromthefourthquarterof 2025. 3. The InterimFinancialReportfor the six monthsended 30 June 2026, includingthe IndependentAuditor'sReporton Reviewof Condensed InterimFinancialInformation,willbepublishedon 4 August2026.