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BANCO BPM PRESS RELEASE RESULTS AS AT 30 SEPTEMBER 2021 : NET PROFIT UP AT € 472 MILLION ( + 79.8 % YOY ) ; ADJUSTED NET PROFIT¹ AT € 565 MILLION PROFIT FROM OPERATIONS OF € 1,533 MILLION ( + 20.8 % YOY ) , CONFIRMING THE POSITIVE TREND IN REVENUES AND IN THE REDUCTION OF COSTS RECORDED IN THE LAST FEW QUARTERS COST / INCOME² AT 55.2 % COMPARED TO 59.1 % AT THE END OF SEPTEMBER 2020 CORE NET PERFORMING LOANS3 UP TO € 99.7 BILLION ( + 3.2 % YOY ) GROSS NPE RATIO4 IMPROVING TO 5.9 % , WHICH DROPS TO 4.8 % CALCULATED ACCORDING TO THE EBA METHODOLOGY5 ► CET 1 RATIO FULLY PHASED GROWS QOQ TO 13.3 % - MDA BUFFER FULLY PHASED AT 453 BASIS POINTS 1 Amount net of non - recurring components as indicated in section 5 of the Explanatory Notes of this press release . 2 Calculated as the ratio between operating expenses and operating income resulting from the reclassified Income Statement . 3 Mortgages , loans , current accounts and personal loans . 4 Ratio of gross non - performing exposures and total exposures relating to the balance sheet item " Loans to customers measured at amortised cost " . 5 Methodology used by EBA for the presentation of data in the context of the EU Transparency Exercise . 1