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BANCO BPM PRESS RELEASE RESULTS AS AT 30 JUNE 2021 ►NET PROFIT : € 361 MILLION ( + 243.4 % YOY ) ; ADJUSTED NET PROFIT¹ : € 382 MILLION The results confirm the effectiveness of the actions on the business and on cost containment CORE NET PERFORMING LOANS² UP AT € 99.8 BILLION ( + 5.1 % YOY ) GROSS NPE RATIO³ IMPROVING TO 6.2 % ( FROM 7.5 % IN Q1 – 2021 ) , WHICH DROPS TO 5.2 % CALCULATED ACCORDING TO THE EBA METHODOLOGY4 The additional progress in the risk profile was achieved by maintaining solid levels of loan coverage ► SOLID EQUITY POSITION : CET 1 RATIO FULLY PHASED AT 12.9 % - MDA BUFFER FULLY PHASED AT 402 BASIS POINTS The ratios and capital buffers remain at high levels even after absorbing significant regulatory headwinds REDEFINITION OF BANCASSURANCE PARTNERSHIPS COMPLETED The renewed agreement with Covéa last June , which follows that with Cattolica , outlines a more flexible business model , which contributes to further development of the Bank's revenues ECONOMIC RESULTS OF THE HALF - YEAR GROWING SHARPLY " CORE " REVENUES5 AT € 1,969 MILLION , + 11.2 % YOY , ALSO UP ON THE PRE COVID PERIOD 1 Amount net of non - recurring components as indicated in section 5 of the Explanatory Notes of this press release . 2 Mortgages , loans , current accounts and personal loans . 3 Ratio of gross non - performing exposures and total exposures relating to the balance sheet item " Loans to customers measured at amortised cost " . 4 Methodology used by EBA for the presentation of data in the context of the EU Transparency Exercise . 5 Aggregate consisting of net interest income and net fee and commission income .