Earnings release
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Consolidated interim report on operations as at 30 September 2026 – Press Release BPER Banca S.p.A., Head Office in Via San Carlo 8/20, Modena – Tax Code and Modena Companies Register No. 01153230360 – Entity belonging to the BPER BANCA VAT Group, VAT No. 03830780361 – Share capital Euro 3,185,584,118.30 – ABI Code 5387.6 – Register of Banks No. 4932 – Member of the Interbank Deposit Guarantee Fund and of the National Guarantee Fund – Parent Company of the BPER Banca S.p.A. Banking Group – Register of Banking Groups No. 5387.6 – Tel. +39 059.2021111 – Telefax +39 059.2022033 – e-mail: se rvizio.clienti@bper.it – Certified e -mail (PEC): bper@pec.gruppobper.it – bper.it – group.bper.it Page 1 PRESS RELEASE CONSOLIDATED RESULTS AS AT AND FOR THE PERIOD ENDED 30 SEPTEMBER 2026 DISTRIBUTION OF AN INTERIM DIVIDEND FOR THE YEAR 2026 OF 33 EURO CENTS PER SHARE, FOR A TOTAL OF €694 M ADJUSTED CONSOLIDATED NET PROFIT FOR THE PERIOD1 OF €2,013.6 M (+16.4% 9M/9M2) AND OF €1,941.4 M (+12.2% 9M/9M), EXCLUDING TRS AND OTHER MARKET EFFECTS3, DESPITE THE MACROECONOMIC CONTEXT CORE REVENUES4 AT €5,378.8 M (+3.5% 9M/9M), THANKS TO THE CONTRIBUTION OF €3,375.1 M IN NET INTEREST INCOME (+3.5% 9M/9M) AND €2,003.7 M IN NET FEE AND COMMISSION INCOME (+3.4% 9M/9M) NET FEE AND COMMISSION INCOME GROWTH DRIVEN BY FEES ON WEALTH MANAGEMENT (+9.2% 9M/9M) AND BANCASSURANCE (+11.6% 9M/9M), CONFIRMING OUR STRATEGY OF STRONG GROWTH IN ASSET GATHERING. TFAs AT €423.9 BN (+€9.9 BN Y/Y) OPERATING EFFICIENCY IMPROVING 9M/9M, COST/INCOME RATIO5 AT 41.6% AND EQUAL TO 42.4%, EXCLUDING TRS AND OTHER MARKET EFFECTS ANNUALISED COST OF RISK AT 27 BPS NET LOANS AND ADVANCES TO CUSTOMERS AT €130.3 BN (+3.5% Y/Y), NEW LOAN ORIGINATIONS AT €20.2 BN (+7.3% Y/Y) GOOD CREDIT QUALITY WITH GROSS NPE RATIO AT 2.3% AND NET AT 1.1% TOTAL NPE COVERAGE RATIO AT 53.4%, AMONG THE HIGHEST LEVELS IN ITALY SOUND CAPITAL POSITION WITH CET1 RATIO6 AT 15.1% STRONG ORGANIC CAPITAL GENERATION OF €2.0 BN (247 BPS) IN THE FIRST NINE MONTHS LIQUIDITY POSITION WITH LCR AT 167% AND NSFR AT 134% EPS7 OF 95.3 EURO CENTS AS AT 30 SEPTEMBER 2026
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page 2 Modena – 5 November 2026 . At its meeting yesterday afternoon, 4 November 2026 , the Board of Directors of BPER Banca (the “ Bank ”), chaired by Fabio Cerchiai , examined and approved the Bank separate and Group consolidated results as at and for the period ended 30 September 2026. “ The commercial trend proved positive in the quarter and over the nine months, making it possible to deliver good results despite an environment of continued macroeconomic and geopolitical uncertainty ” - Gianni Franco Papa, Chief Executive Officer of BPER , commented. “As always, I would like to thank my colleagues for their daily dedication, which makes these achievements possible. The growth in deposits reflects both our customers' trust and the Bank’s attractiveness. Our support to retail and corporate customers is c onfirmed by over €20 bn worth of new loans at Group level, while we continue to maintain a high capital and liquidity position and sound asset quality. Against a backdrop of weak global growth, affected by energy markets volatility, we continue to deliver on our commitments to the market, working with unchanged effort on the acceleration levers of our business plan to achieve the targets we have set.” ******************** Consolidated income statement: key figures in 9M26 Net interest income amounted to €3,375.1 m, up 3.5% 9M/9M. Compared to the second quarter of 2026, a €27.8 m positive change in the commercial dynamics was registered on the back of the positive contribution from the trend in interest rates (+€22.4 m) and volumes 8 (+€5.4 m). Net fee and commission income rose to €2,003.7 m (+3.4% 9M/9M), on the back of fees and commissions on wealth management (€864.2 m, +9.2% 9M/9M), bancassurance (€100.4 m, +11.6% 9M/9M) and traditional banking (€1,039.1 m, - 1.7% 9M/9M). Dividends amounted to €49.4 m. Net gains (losses) on financing activities amounted to a positive €279.5 m. Total operating profit amounted to €5,820.0 m (+5.8% 9M/9M and +3.7% 9M/9M excluding TRS and other market effects). Operating costs amounted to €2,422.2 m ( - 2.2% 9M/9M). More specifically: • staff costs totalled €1,495.3 m (+1.8% 9M/9M), including the impact of the CCNL (National Collective Labour Agreement) and provisioning for the variable remuneration component; • other administrative expenses were down to €642.4 m ( - 11.6% 9M/9M), on the back of the ongoing initiatives aimed at operational efficiency; • depreciation, amortisation and net impairment losses on property, plant, equipment, investment property and intangible assets amounted to €284.5 m (+0.7% 9M/9M). The Cost/income ratio for the period ended 30 September 2026 was 41.6% and settled at 42.4% excluding TRS and other market effects, down from 45.0% for the period ended 30 September 2025. The annualised cost of risk settled at 27 bps with net impairment losses on financial assets measured at amortised cost relating to loans and advances to customers amounting to €264.2 m (+1.8% 9M/9M). Total cumulative overlays amounted to €314.2 m for the period ended 30 September 2 026. Gains (losses) on investments amounted to - €4.2 m.
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page 3 Cumulative integration costs and PPA impacts totalled - €117.0 m (before tax). After deducting €1,078.8 m of income taxes 9 and €39.5 m worth of adjusted net profit for the period attributable to non -controlling interests 10 , adjusted net profit for the period 11 totalled €2,013.6 m (+16.4% 9M/9M) and was €1,941.4 m (+12.2% 9M/9M) excluding TRS and other market effects 12 . Consolidated statement of financial position: key figures as at 30 September 2026 Total financial assets stood at €423.9 bn, up 2.4% Y/Y. Direct deposits from customers 13 totalled €169.1 bn (+2.0% Y/Y). Assets under management rose to €86.7 bn (+7.0% Y/Y); assets under custody totalled €143.1 bn ( - 0.2% Y/Y); life insurance policies totalled €25.0 bn (+5.1% Y/Y). Net loans and advances to customers amounted to €130.3 bn. New loans and advances to customers were granted for an amount of €20.2 bn in the first nine months of 2026. The loan to deposit ratio stood at 77.1%, on an uptrend compared to the end of 2025 (76.3%). The disciplined approach to credit management enabled the Bank to achieve high asset quality standards: the share of gross non - performing loans to customers ( gross NPE ratio ) was 2.3%, and the share of net non - performing loans to customers ( net NPE ratio ) was 1.1%. The coverage ratio for total non - performing loans stood at 53.4%, among the highest levels in Italy. With reference to the individual components of gross NPEs, gross bad loans amounted to €0.8 bn with coverage of 70.1%; gross UTP loans settled at €2.0 bn with coverage of 48.4%; gross past due loans totalled €0.2 bn with coverage of 32.1%. Performing loan coverage settled at 0.65%. In particular, Stage 2 loan coverage was 4.3%. Financial assets totalled €48.2 bn. Within the aggregate, debt securities amounted to €44.9 bn with a duration of 1.7 years and included €23.0 bn of Italian government bonds. Total equity amounted to €18.6 bn, with non - controlling interests accounting for €0.1 bn. Group consolidated equity , including profit for the period, amounted to €18.5 bn. The Minimum Requirement for Own Funds and Eligible Liabilities ( MREL ) is complied with: calculated on Risk - Weighted Assets, the total MREL ratio was 30.03% and the subordination component was 22.52% as at the end of September 2026. As regards the liquidity position , the Liquidity Coverage Ratio (LCR) was 167% (162% as at the end of June 2026), while the Net Stable Funding Ratio (NSFR) was 134% (132% as at the end of June 2026). Consolidated structure highlights as at 30 September 2026 The BPER Banca Group operates across Italy with a network of 1,943 branches in addition to the 20 bank branches of Banca Popolare di Sondrio (Suisse) SA and the Luxembourg head office of BPER Bank Luxembourg SA. As at 30 September 2026, the headcount 14 was 22,382.
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page 4 Consolidated capital ratios Reported below are the capital ratios as at 30 September 2026: • Common Equity Tier 1 (CET1) ratio of 15.1% 15 ; • Tier 1 ratio of 17.8% 16 ; • Total Capital ratio of 20.1% 17 . ******************** Key events after the reporting period as at 30 September 2026 • Outcome of the 2026 SREP assessment process - BPER Banca’s strong capital position confirmed (Press Release dated 21/10/2026) • Communication of change in share capital of BPER Banca S.p.A. pursuant to article 85 - bis of the Issuers’ Regulation (Press Release dated 20/10/2026) • Renewal of bancassurance agreements with the Unipol Group (Press Release dated 07/10/2026) Outlook With regard to the international macroeconomic environment, global economic activity has proven more resilient than expected, despite persistent geopolitical tensions. Growth has continued to benefit from investment in artificial intelligence (AI), which has helped miti gate the effects of higher energy prices, though to different degrees across the main economies. Domestic demand remains robust in the United States, while growth in China is supported by foreign trade. The outlook for the global economy remains affected b y the ongoing conflict in the Middle East, uncertainty about US trade policies, and tighter financial conditions. In the euro area, economic activity has continued to grow. Euro - area GDP, net of the highly volatile contribution of Irish GDP, increased by 0.3% in the spring months. The ECB 18 projections published in September foresee GDP growth of 0.9% in 2026, 1.4% in 2027 and 1.5% in 2028. In its September meeting, the ECB’s Governing Council raised its key interest rates by 25 basis points, bringing the deposit facility rate to 2.5%. Italy's GDP continued to grow in the second quarter of 2026, driven by domestic demand. According to the Bank of Italy estimates 19 , economic activity slowed down slightly in the third quarter, against a backdrop of slower growth in real disposable income. Nevertheless, it continued to be supported by NRRP projects, investment in defence and digital/energy transition, as well as the r ecovery of selected German manufacturing industries. According to Bank of Italy projections, GDP will grow by 0.9% in 2026, 0.7% in 2027 and 0.8% in 2028.
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page 5 2026 KPI Guidance update In light of its 3Q26 performance, the Bank has improved its 2026 guidance (“FY26 Guidance”) for the Cost of Risk and CET1 ratio. 2026 Interim Dividend Approval At its meeting yesterday, 4 November 2026, the Board of Directors of BPER Banca S.p.A., having ascertained the compliance with the requirements set forth in art. 2433 - bis of the Italian Civil Code and on the basis of the Bank’s financial position as at 30 June 2026, resolved upon the distribution of €0.33 (thirty - three euro cents) for each ordinary share, before tax, as an interim dividend paid from its profits for financial year 2026. More specifically, there being no downside deriving from the foreseeable results for the fourth quarter of 2026, nor any prohibitive recommendations by the Regulators, the Board of Directors resolved upon the distribution of a total amount of €694,111,415. 58, as resulting from an amount per share of €0.33 ( thirty - three euro cents) for each of the 2,103,367,926 issued ordinary shares as at yesterday, 4 November 2026. It should be noted that the amount of interim dividend to be distributed to any treasury shares that the Bank may own on the Record Date (24 November 2026) will be allocated to the Extraordinary Reserve. The calendar for the interim dividend is reported below: • 23 November 2026: ex - dividend date; • 24 November 2026: record date; • 25 November 2026: payment date.
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page 6 A conference call to illustrate the consolidated results of the BPER Banca Group as at and for the period ended 30 September 2026 will be held today at 10 a.m. (CET). The conference call will be hosted in English by the Chief Executive Officer, Gianni Franco Papa. To participate in the conference call, please register here , for access details. Registration will add the event to your calendar. As an alternative, please use the dial - in numbers below according to your location: ITALY: +39 02 8020911 UK: +44 1 212818004 USA: +1 718 7058796 To connect to the audio webcast, please click on the following link . A set of slides to support the presentation will be made available on the Bank’s website group.bper.it in the Investor Relations section, shortly before the start of the conference call. ******************** DISCLAIMER This press release is for information purposes only and does not constitute, nor is it intended to constitute, a recommendation, an offer or a solicitation to invest, nor does it constitute financial, legal, tax or any other form of advice. The information contained in this document has been prepared on the basis of data and information available as at the date of its publication and has not been independently verified. Although BPER Banca considers this information to be accurate and reliable, no warranty, either express or implied, is made as to its completeness, a ccuracy or suitability for any particular purpose. The information contained herein should therefore be assessed with due attention and in its overall context. Neither BPER nor any of its representatives shall accept any liability whatsoever arising in any way in relation to such information, without prejudice to the limitations provided for by the applicable legislation. This press release contains certain forward - looking statements, projections, objectives, estimates and forecasts reflecting BPER management’s current assessments and expectations regarding future events. Such statements are generally identifiable by the us e of the words “may”, “will”, “should”, “plan”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “project”, “objective” or “target”, or terms with a similar meaning. These forward - looking statements include, but are not limited to, all statements other than statements of historical facts, including, without limitation, those regarding BPER’s future financial position and results of operations, strategy, plans, objectives and future developments in the markets in which BPER operates or intends to operate , and are by their nature subject to risks, uncertainties and other factors, many of which are beyond the control of BPER Banca. Actual results may therefore differ materially from those projected or implied in the forward - looking statements. The forward - looking statements included in this document are based on information available to BPER as at the date of this press release and on the assumptions deemed reasonable at such time. BPER undertakes no obligation to publicly update or revise any f orward - looking information, except as required by applicable legislation. ********************
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page 7 Contacts: Investor Relations investor.relations@bper.it Media Relations mediarelations@bper.it www.bper.it – group.bper.it This press release is also available in the Emarket Storage system. This is a translation into English of the original in Italian. The Italian text shall prevail over the English version. Notes 1 The adjusted consolidated net profit for the first nine months of 2026 does not include the following one - off items: • - €70.7 m worth of “Integration costs” registered in the first nine months of 2026, +€24.7 m of related tax effect booked under “Income taxes for the period” and €1.6 m impact recognised under “Profit (Loss) for the period attributable to non - controlling in terests”; • - €46.3 m worth of “PPA impact” registered in the first nine months of 2026, +€16.2 m of related tax effect booked under “Incom e taxes for the period” and €3.6 m impact recognised under “Profit (Loss) for the period attributable to non - controlling interests ”. 2 2025 data restated - as necessary and material - to reflect changes occurring in the scope of consolidation after the integration of Banca Popolare di Sondrio, on the assumption of its consolidation for the whole year and pro - forma inclusion in the first h alf of 2025. 3 The net impact traceable to the Total Return Swap (TRS) and other market effects was +€23.1 m in the fourth quarter of 2025, - €49.2 m in the first quarter of 2026, +€121.0 m in the second quarter of 2026 and +€0.4 m in the third quarter of 2026. 4 Net interest income plus net fee and commission income. 5 The Cost/Income ratio is calculated on the basis of the reclassified income statement (operating costs/operating profit). 6 The capital ratios as at 30 September 2026 are to be considered Phased - in on the basis of the new prudential supervisory framework in force since 1 January 2025 (Basel IV) and were calculated by including profit for the period for the portion not allocated to dividends, thus simulating, in advance, the effects of the ECB’s authorisation to include these profits in Own Funds pursuant to art. 26, para. 2 of the CRR. 7 Basic EPS as at 30 September 2026 is 95.3 euro cents and Diluted EPS is 94.7 euro cents. 8 The quarterly change in the volumes trend includes the calendar day effect. 9 The item “Income taxes for the period” does not include the +€40.9 m cumulative tax effect related to the one - off items “Integration costs” and “PPA impact” . 10 The item “Profit for the period attributable to non - controlling interests” does not include the €5.2 m cumulative impact related to the one - off items “Integration costs” and “PPA impact”. 11 See Note 1. 12 See Note 3. 13 Includes amounts due to customers, debt securities issued and financial liabilities designated at fair value. 14 The headcount of 22,382 is to be considered as the sum of 21,924 employees and 458 temporary workers. 15 See Note 6. 16 See Note 6. 17 See Note 6. 18 ECB – Eurosystem staff macroeconomic projections for the euro area countries, September 2026. 19 Banca d’Italia – Economic Bulletin, October 2026.
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page 8 The consolidated Statement of Financial Position and Income Statement schedules presented below have been reclassified for op erational purposes as compared to the official templates required by the Bank of Italy in its Circular No. 262/2005 (8th update), a s approved by the Board of Directors of the Parent BPER Banca on 4 November 2026. Reclassified consolidated statement of financial position as at 30 September 2026 (in thousands) Assets 30.09.2026 31.12.2025 Changes % Change Cash and cash equivalents 11,150,332 11,681,192 (530,860) - 4.54 Financial assets 48,203,719 45,716,990 2,486,729 5.44 a) Financial assets held for trading 1,690,821 1,020,166 670,655 65.74 c) Other financial assets mandatorily measured at fair value 1,583,550 1,395,895 187,655 13.44 d) Financial assets measured at fair value through comprehensive income 6,630,687 6,995,048 (364,361) - 5.21 e) Debt securities measured at amortised cost 38,298,661 36,305,881 1,992,780 5.49 - banks 5,231,030 5,828,841 (597,811) - 10.26 - customers 33,067,631 30,477,040 2,590,591 8.50 Loans 134,015,109 131,402,471 2,612,638 1.99 a) Loans and advances to banks 3,536,101 2,495,176 1,040,925 41.72 b) Loans and advances to customers 130,319,936 128,738,065 1,581,871 1.23 c) Loans mandatorily measured at fair value 159,072 169,230 (10,158) - 6.00 Hedging activities 1,218,040 695,758 522,282 75.07 a) Hedging derivatives 1,389,457 779,557 609,900 78.24 b) Change in value of macro - hedged financial assets (+/ - ) (171,417) (83,799) (87,618) 104.56 Equity investments 804,305 869,937 (65,632) - 7.54 Property, plant, equipment and investment property 3,087,976 3,132,924 (44,948) - 1.43 Intangible assets 1,446,647 1,608,239 (161,592) - 10.05 - of which goodwill 575,706 575,706 - - Other assets 7,423,880 9,542,449 (2,118,569) - 22.20 Total assets 207,350,008 204,649,960 2,700,048 1.32
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page9 (in thousands) Liabilities and equity 30.09.2026 31.12.2025 Changes % Change Due to banks 9,924,249 10,095,677 (171,428) - 1.70 Direct deposits 169,072,483 168,671,139 401,344 0.24 a) Due to customers 150,850,530 150,762,018 88,512 0.06 b) Debt securities issued 14,271,253 14,441,252 (169,999) - 1.18 c) Financial liabilities designated at fair value 3,950,700 3,467,869 482,831 13.92 Financial liabilities held for trading 788,447 316,687 471,760 148.97 Hedging activities 57,180 57,557 (377) - 0.66 a) Hedging derivatives 93,006 101,261 (8,255) - 8.15 b) Change in value of macro - hedged financial liabilities (+/ - ) (35,826) (43,704) 7,878 - 18.03 Other liabilities 8,935,065 7,913,401 1,021,664 12.91 Non - controlling interests 56,031 1,030,454 (974,423) - 94.56 Equity attributable to the owners of the Parent 18,516,553 16,565,045 1,951,508 11.78 a) Valuation reserves 161,733 289,707 (127,974) - 44.17 b) Reserves 5,201,890 5,358,543 (156,653) - 2.92 c) Equity instruments 2,224,942 1,793,575 431,367 24.05 d) Interim dividend ( - ) - (196,357) 196,357 - 100.00 e) Share premium reserve 5,934,115 4,589,105 1,345,010 29.31 f) Share capital 3,185,584 2,953,572 232,012 7.86 g) Treasury shares (134,449) (41,547) (92,902) 223.61 h) Profit (Loss) for the period 1,942,738 1,818,447 124,291 6.84 Total liabilities and equity 207,350,008 204,649,960 2,700,048 1.32 Compared to the accounting schedules set forth in Bank of Italy Circular No. 262/2005 (8th update), the statement of financia l position reported below includes the following reclassifications: • debt securities measured at amortised cost (under item 40 "Financial assets measured at amortised cost" ) have been reclassified to the item "Financial assets" ; • loans mandatorily measured at fair value (included in item 20 c) “Financial assets measured at fair value through profit or loss - other financial assets mandatorily measured at fair value” ) have been reclassified to the item “Loans” ; • “Other assets” includes items 110 “Tax assets” , 120 “Non - current assets and disposal groups classified as held for sale” and 130 “Other assets” ; • “Other liabilities" includes items 60 "Tax liabilities" , 70 "Liabilities associated with assets classified as held for sale" , 80 "Other liabilities" , 90 "Post - employment benefits" and 100 "Provisions for risks and charges" .
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page 10 Reclassified consolidated income statement for the period ended 30 September 2026 (in thousands) Items 30.09.2026 30.09.2025 Restated 30.09.2025 Net interest income 3,375,062 3,259,888 2,704,287 Net fee and commission income 2,003,696 1,938,256 1,709,708 Dividends 49,358 36,909 54,156 Gains (losses) on equity investments measured under the equity method 46,959 41,141 27,463 Net gains (losses) on financing activities 279,490 117,972 57,568 Other operating expense/income 65,478 108,867 93,069 Operating profit 5,820,043 5,503,033 4,646,251 Staff costs (1,495,283) (1,468,228) (1,303,145) Other administrative expenses (642,411) (726,650) (584,525) Depreciation, amortisation and net impairment losses (reversals) on property, plant, equipment and investment property and intangible assets (284,486) (282,497) (248,035) Operating costs (2,422,180) (2,477,375) (2,135,705) Net operating profit 3,397,863 3,025,658 2,510,546 Net impairment losses on financial assets at amortised cost (263,053) (262,437) (228,521) - loans and advances to customers (264,180) (259,476) (227,717) - other financial assets 1,127 (2,961) (804) Net impairment losses on financial assets measured at fair value 381 427 283 Modification gains (losses) (825) (6,115) (3,060) Net impairment losses (gains) for credit risk (263,497) (268,125) (231,298) Net accruals to (utilisations of) provisions for risks and charges 1,716 (33,245) (30,174) Gains (Losses) on investments (4,162) (15,470) 1,534 Profit (loss) from continuing operations 3,131,920 2,708,818 2,250,608 Integration Costs (70,698) - - PPA Impact (46,265) - - Profit (Loss) before tax 3,014,957 2,708,818 2,250,608 Income taxes for the period (1,037,905) (878,128) (722,026) Profit (Loss) from discontinued operations, after tax - 5,854 5,854 Profit (Loss) for the period 1,977,052 1,836,544 1,534,436 Profit (Loss) for the period attributable to non - controlling interests (34,314) (105,934) (55,875) Profit (Loss) for the period attributable to the owners of the Parent 1,942,738 1,730,610 1,478,561 Compared to the accounting schedules set forth in Bank of Italy Circular No. 262/2005 (8th update), the Income Statement repo rted below includes the following reclassifications: • “ Net fee and commission income ” includes placement fees for Certificates, allocated to item 110 “Net gains (losses) on other financial assets and liabilities measured at fair value through profit or loss” of the income statement (€24.6 m for the period ended 30 September 2026 and €20.2 m for the period ended 30 September 2025); • “Net gains (losses) on financing activities” includes items 80, 90, 100 and 110 in the income statement, net of placement fees for Certificates under the item above; • the item “Gains (losses) on equity investments measured under the equity method” includes the Parent’s share of any gains (losses) on equity investments consolidated under the equity method, allocated to item 250 “Gains (losses) on equity investments” in the income statement; • indirect tax recoveries, allocated for accounting purposes to item 230 “Other Operating expense/income”, have been reclassifi ed as a reduction in the related costs under “Other administrative expenses” (€290.8 m for the period ended 30 September 2026 and €242.5 m for the period ended 30 September 2025); • recoveries of costs of appraisals for new loans, allocated for accounting purposes to item 230 “Other operating expense/incom e”, have been reclassified as a reduction in the related costs under “Other administrative expenses” (€ 13.1 m for the period ended 30 September 2026 and €12.9 m for the period ended 30 September 2025); • “Innovation” tax credits, allocated for accounting purposes to item 230 “Other Operating expense/income”, have been reclassif ied under “Staff Costs” (no impact for the period ended 30 September 2026 and €1.6 m for the period ended 30 September 2025) and “Other Administrative Expenses” (no impact for the period ended 30 September 2026 and €0.3 m for the period ended 30 September 2025); • the item “Staff costs” includes costs relating to staff training and refund of expenses against receipts, allocated to item 190 b) "Other administrative expenses" in the income statement (€16.2 m for the period ended 30 September 2026 and €10.9 m for the period e nded 30 Septemb er 2025); • “Depreciation, amortisation and net impairment losses (reversals) on property, plant, equipment, investment property and inta ngible assets” includes items 210 and 220 of the income statement; • gross income statement effects from utilisations of provisions for risks and charges set aside in prior periods (former " Other operating expenses/Reversals of provisions for risks and charges" ) have been directly offset within the same item (€12.5 m for the period ended 30 September 2026 and not present for the period ended 30 September 2025); • the item “Gains (Losses) on investments” includes items 250, 260, 270 and 280 of the income statement, net of the Parent’s share of any gains (losses) on equity investments consolidated under the equity method, reclassified as a separate item;
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page11 • “Contributions to systemic funds" have been shown separately from the specific accounting technical forms to give a better and clearer representation, as well as to make "Other administrative expenses" better reflect the trend in the Group's operating costs. I n particular, for the period ended 30 September 2026, there is no amount posted to the item representing the component allocated for accounting purposes to “Other administrative expenses”, as was the case for the period ended 30 September 2025. • the item “ Integration costs ” includes costs directly related to the business combination with Banca Popolare di Sondrio, separately from the specific accounting items (“ Staff costs ”, “ Other administrative expenses ”, “ Depreciation, amortisation and net impairment losses (reversals) on property, plant, equipment and investment property and intangible assets ”) to provide a better picture of current operations; • The item “ PPA impact ” includes expense and income for the period directly related to the fair value measurement of assets and liabilities acquired as part of the business combination with Banca Popolare di Sondrio (including, principally: the time value of financ ial assets an d liabilities, amortisation of identified intangible assets, reversal of the residual portion of the PPA on financial assets th at were discontinued or sold during the period). Reclassified consolidated income statement by quarter for the period ended 30 September 2026 (in thousands) Items 1st quarter 2026 2nd quarter 2026 3rd quarter 2026 1st quarter 2025 2nd quarter 2025 3rd quarter 2025 4th quarter 2025 Net interest income 1,087,518 1,124,287 1,163,257 811,876 814,142 1,078,269 1,110,956 Net fee and commission income 680,888 672,558 650,250 541,116 522,368 646,224 695,679 Dividends 12,469 21,923 14,966 3,290 39,733 11,133 8,608 Gains (losses) on equity investments measured under the equity method 9,375 16,072 21,512 5,296 6,997 15,170 16,450 Net gains (losses) on financing activities (28,928) 263,351 45,067 18,789 16,157 22,622 69,790 Other operating expense/income 12,790 3,883 48,805 48,490 23,713 20,866 41,554 Operating profit 1,774,112 2,102,074 1,943,857 1,428,857 1,423,110 1,794,284 1,943,037 Staff costs (497,174) (503,696) (494,413) (414,052) (408,892) (480,201) (497,419) Other administrative expenses (210,606) (206,983) (224,822) (179,639) (174,729) (230,157) (271,602) Depreciation, amortisation and net impairment losses (reversals) on property, plant, equipment and investment property and intangible assets (92,139) (94,722) (97,625) (73,731) (77,045) (97,259) (108,817) Operating costs (799,919) (805,401) (816,860) (667,422) (660,666) (807,617) (877,838) Net operating profit 974,193 1,296,673 1,126,997 761,435 762,444 986,667 1,065,199 Net impairment losses on financial assets at amortised cost (84,473) (92,419) (86,161) (68,119) (72,433) (87,969) (89,092) - loans and advances to customers (85,648) (94,559) (83,973) (70,509) (72,255) (84,953) (86,238) - other financial assets 1,175 2,140 (2,188) 2,390 (178) (3,016) (2,854) Net impairment losses on financial assets measured at fair value 296 235 (150) (175) 560 (102) (129) Modification gains (losses) (531) (60) (234) (2,667) 154 (547) 1,531 Net impairment losses (gains) for credit risk (84,708) (92,244) (86,545) (70,961) (71,719) (88,618) (87,690) Net accruals to (utilisations of) provisions for risks and charges (3,649) 15,567 (10,202) (16,872) 2,138 (15,440) (13,143) Gains (Losses) on investments (576) (3,531) (55) 213 1,999 (678) (18,843) Profit (loss) from continuing operations 885,260 1,216,465 1,030,195 673,815 694,862 881,931 945,523 Contributions to systemic funds - - - - - - (11,851) Integration Costs (25,066) (28,884) (16,748) - - - (288,558) PPA Impact (29,635) 335 (16,965) - - - (181,775) Profit (Loss) before tax 830,559 1,187,916 996,482 673,815 694,862 881,931 463,339 Income taxes for the period (283,496) (425,995) (328,414) (222,360) (226,228) (273,438) (117,309) Profit (Loss) from discontinued operations, after tax - - - - - 5,854 - Profit (Loss) for the period 547,063 761,921 668,068 451,455 468,634 614,347 346,030 Profit (Loss) for the period attributable to non - controlling interests (28,518) (3,865) (1,931) (8,529) (8,091) (39,255) (6,144) Profit (Loss) for the period attributable to the owners of the Parent 518,545 758,056 666,137 442,926 460,543 575,092 339,886 The figures for Q1, Q2 , Q3 and Q 4 of 2025, presented in the table as a comparative period, are consistent with those published in the consolidated interim repo rts on operations for the same reporting period.
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page 12 Explanatory Notes Pursuant to Article 82 - ter of the Issuers’ Regulation, BPER Banca voluntarily publishes additional periodic information as at and for the periods ended 31 March and 30 September, continuing the practice established in the past. In order to simplify and improve the access ibility of financial disclosures to the market, the additional periodic information is published directly within this Interim report on operations – Press Release. In the interest of completeness, it is noted that the quarterly disclosure also includes the presentati on of results prepared to supplement the conference call with the financial community, which will take place following the publication of this press release. The financial information contained in this document does not comply with International Accounting Standard IAS 34 – Interim Financial Reporting and has not been audited by the independent auditors. Some explanatory notes on the accounting policies adopted are set out below. 1. Basis of preparation The accounting standards adopted in the preparation of this 'Consolidated interim report on operations as at 30 September 202 6 – Press release' concerning the criteria for the classification, recognition, measurement and derecognition of assets and liabili ties, as well as for the recognition of costs and revenues, are the IAS/IFRS international accounting standards issued by the International Accounting Standards Board (IASB) and the related interpretations of the International Financial Reporting Interpret ations Committee (IFRIC), adopted by the European Commission and in force as at 30 September 2026, as established by EU Regulation No. 1606 of 19 July 2002. The accounting sta ndards are consistent with those adopted for the preparation of the consolidated financial report as at and for the period ended 31 December 2025, except where otherwise stated below. During preparation, account has been taken of the interpretative and supporting document s for the application of the accounting standards, issued by the Italian and European regulatory and supervisory bodies and by the standard setters, to the extent applicable. In particular, the most recent ones provided guidelines for better management of “Uncertainties in the use of accounting estimates”, further highl ighted in the next paragraph dedicated to the topic. Where not already included in the documents mentioned above, Italian laws on the Financial Statements of companies and the Italian Civil Code have been taken into consideration. In the first nine months of 2026, the scope of consolidated companies has changed compared to 31 December 2025 as: • on 10 April 2026, the acquisition of control of Sarda Factoring s.p.a. was directly and indirectly completed through Banco di Sardegna; • on 15 April 2026, the transfer of control over the company Adras s.p.a. was completed; • since 20 April 2026, the merger by absorption of Banca Popolare di Sondrio s.p.a. into BPER Banca s.p.a . has taken effect for statutory purposes. Transactions carried out by BP Sondrio have been recognised in BPER Banca’s financial statements for accounting pur poses since 1 January 2026. Tax implications have likewise taken effect as of the same date; • on 18 May 2026, the merger by absorption of Sinergia Seconda s.r.l., Immobiliare San Paolo s.r.l. and Immobiliare Borgo Palaz zo s.r.l. into BPER Real Estate s.p.a. was completed. The accounting and fiscal treatment has been effective since 1 January 2026. The consolidation criteria and methodology are described in Part A of the Notes to the Consolidated Financial Statements as a t 31 December 2025 and in Part A of the Notes to the Condensed Consolidated Interim Financial Statements as at 30 June 2026. The application of some accounting standards also requires recourse to estimates and assumptions that may affect the amounts recognised in the Statement of Financial Position and the Income Statement, as well as the information about contingent assets and liabilities. The development of such estimates involves the use of information available and the adoption of subjective assessments, partly ba sed on historical experience, in order to make reasonable assumptions for the recognition of operating events. By their nature, the estimates and assumptions used may change from period to period and, accordingly, it cannot be ruled out that the actual amounts recognised in the Fina ncial Statements in subsequent reporting periods are significantly different as a conse quence of changes in the subjective assessments made. In particular, the macroeconomic outlook continues to be characterised by significant uncertainties, primarily in relation to developments in th e international environment. In addition to the precarious geopolitical balance arising from the ongoing conflicts in Ukraine and the Middle East, uncertainty continues to persist as a result of US trade policy developments and the response measures potentially adopted by the Europea n Union and other economies. I t is therefore plausible that this uncertainty might negatively affect household and business confidence, and that the advers e and volatile market reaction to trade tensions could lead to tighter lending conditions. Future actuals may therefore differ from the forecasts used to prepare the financial statements as at and for the period ended 30 September 2026. Adjustments to the carrying amount s of assets and liabilities recognised in the statement of financial position may accordingly be required, which can not currently be foreseen or estimated. The Annual Financial Report as at and for the period ended 31 December 2025 and the Interim Report as at and for the period e nded 30 June 2026 provide a detailed description of the forecasting processes that require the exercise of significant judgement in selecting the underlying assumptions, to which reference should be made. The following Notes outline how these valuations are updated, as they are rel evant for the consolidated reporting period ended 30 September 2026. 2. Accounting recognition and measurement criteria For the methods used in the financial statements for the recognition, classification, measurement , derecognition and r ecognition of components affecting the income statement , reference is made to the criteria applied for preparation of the BPER Group's Consolidated Financial Statements as at and for the year ended 31 December 2025. The following updates and amendments were implemented as at 30
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page13 September 2026: – EU Regulation 2025/1047 of 27 May 2025 introduced a number of amendments to IFRS 9, effective for annual periods starting on or after 1 January 2026, relating in part to the classification of financial assets with ESG - linked variable returns and the releva nt criteria to be used for assessing the SPPI test; the application of these amendments did not result in the need to reclassify the financial instr uments in the portfolio. – The Expected Credit Loss (ECL) Model of the loan portfolio applied as at 30 September 2026, compared to the model applied to the previous consolidated Financial Statements as at and for the period ended 31 December 2025, implements the methodological chang es in the Probability of Default (PD) and Loss Given Default (LGD) risk parameters, which, together with Exposure at Default (EAD), mak e up the Expected Loss. The input data used include the reference macroeconomic scenarios, prepared by the dedicated inte rnal unit, taking due account of the events relating to the ongoing international geopolitical tensions and their consequences on GDP and inflation forecasts (especially on oil prices) at national and European level and related forecasts on the expected tr end for market interest rates. – The persistent uncertainty surrounding the general macroeconomic and sector - specific outlook, driven primarily by geopolitical tensions (the ongoing armed conflict between Russia and Ukraine and in the Middle East), US policies on global trade and internat ional relations, coupled with measures to combat climate risk with unforeseeable impacts on the economic and productive system, led the BPER B anca Group to identify, also as at 30 September 2026, the best approach to its credit risk measurement and forecas ting systems, aligning them with the evolving context as it unfolds and avoiding excessive procyclicality in the determination of collective provisions, as recommended, among others, by the Regulators (including, in particular, ESMA and the ECB). Compared with the ‘management overlays’ adopted for the preparation of the Consolidated financial statements as at and for the period ended 31 December 2025 (which had resulted in a dditional impairment losses on loans and advances to customers / to banks for a total amount of €139.4 m), the Group decided to increase such component to € 314.2 m . – The output of the comprehensive ECL update on the performing loan portfolio (taking into account risk models and management o verlays) revealed substantial stability in collective provisions in the first three quarters of 2026, maintaining the average portf olio coverage in line with that as at 31 December 2025, averaging 0.6% of gross exposure (of which Stage 1 has 0.3% coverage and Stage 2 has 4.3% c overage). – With regard to the valuation of the BPER Banca Group’s non - performing loan portfolio, the update carried out in relation to the reporting period ended 30 September 2026 retained the ‘multi - scenario’ methodological approach set out in the Notes to the Conso lidated financial statements as at and for the period ended 31 December 2025, to which reference should be made. In this regard, it should be n oted that, during the first three quarters of 2026, the Group made adjustments to the "Workout" scenario provisio ns for a total of €247.6 m (associated with inflows to default in the quarter and additions to positions already classified), while the "disposal" scena rio review did not have any major economic effect for the period ended 30 September 2026. – With regard to the assessment of the recoverability of the intangible assets recognised as at and for the period ended 30 Sep tember 2026, comprising goodwill (€575.7 m) and finite - life intangible assets (€328.5 m), it should be noted that – in accordance w ith IAS 36 – a comprehensive impairment test was carried out on these items as at 31 December 2025, the results of which are presented in th e Notes to the consolidated financial statements for the year ended on that date, to which reference should be made. For interim accounting periods, in compliance with the provisions of the international accounting standards, the impairment test is carried out only if internal and/or external trigger events occur; the impairment test was also conducted for the preparati on of the Consolidated Interim Report on Operations as at 30 September 2026 with this specific purpose. More specifically, with regard to total goodwill recognised in the Consolidated Interim Report on Operations, the parameters underlying the Cost of equi ty estimate – ke used in the end - 2025 impairment tests were updated, in which total goodwill was partly allocated to CGU Arca and partly to CGU BPSO ; both parameters, althou gh on the increase, were lower than the threshold ke recorded in December 2025 (updated ke for C GU Arca of 10.64% vs. 10.42% as at 31 December 2025 and vs. a threshold ke of 22.70% on the same date; updated ke for CGU BPSO of 10.63% vs. previous 10.55% and vs. a thres hold ke of 14.51%) and were thus not identified as impairment triggers. Other external factors were also considered, including market sentiment for the relevant operating segment and the most up - to - date macroeconomic and sector forecasts for the years to come. Wi th reference to market sentiment, the stock market performance of listed companies in the relevant industry or of industry indices has sho wn an upward trend since the beginning of the year, with an average increase by +11% in the asset management segment ( CGU Arca), and +18% for the banking sector (CGU BPSO). The updated macroeconomic and sector outlook is characterised by positive and negative cha nges with some elements of uncertainty due to a possible impact of the crisis in the Middle East on short - , med ium - and long - term fundamentals, especially GDP and inflation. The sensitivity analyses carried out as part of the impairment test at 31 December 2025 had alr eady revealed a significant margin for deterioration in the net profit of each CGU, before an impa irment loss condition would emerge. With regard to internal trigger events, the test verified whether the latest available actuals deviated significantly from the forecasts ado pted for the two CGUs and the impairment test as at 31 December 2025; also in th is case, no major internal issues were identified with respect to the achievement of the set targets. With regard to other finite - life intangible assets, in addition to the considerations already outlined above – which also partly affect their valuation – an analysis of some of the key valuation inputs used at the time of initial recognition has not revealed any trends that would give cause for concern, as the values recorded were substantially unchanged or had only a marg inal impact on the overall valuatio n. Finally, it is worth noting that the following additional income statement and statement of financial position items, inasmuc h as they are subject to estimation processes as part of routine financial reporting (including for interim periods), may be affect ed by risks and uncertainty, even if not directly associated with geopolitical tensions: i . fair value measurement of financial instruments (including derivatives) held in portfolios that are not listed on active markets, ii. fair value measurement of owned property, iii. quantification of provisions for ri sks and charges, iv. recoverability of deferred tax assets. For further information regarding the measurement criteria adopted, please refer to the Notes to the consolidated financial statements as at and for the period ended 31 December 2025.
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page 14 3. ESG Strategic Objectives for 2026 BPER Banca continues to deliver tangible progress toward its strategic ESG objectives. In the first nine months of 2026 , the Group originated more than €3.5 bn in new ESG loans demonstrating the growing integration of sustainability criteria into its processes. In 2026, BPER Banca recorded significant improvements in the ratings by the main ESG rating agencies, thanks to the strengthe ning of its governance and the incorporation of ESG factors into business processes . In 2026, BPER Banca was included in S&P Global's "Sustainability Yearbook" for the third consecutive year. The Bank is also included in the Dow Jones Best - in - Class Europe Index, the FTSE4Good Index, the MIB ESG Index and the Standard Ethics indices (SE Italian Index, SE Italian Banks Index, SE European Banks Index). 4. Performance ratios The information provided below focuses on Alternative Performance Measures (APMs) and is consistent with the ESMA document of 5 October 2015 “Guidelines on Alternative Performance Measures", aimed at promoting the usefulness and transparency of Alternative Performance Measures included in prospectuses or regulated information. Key alternative performance measures are presented below. Financial ratios 30.09.2026 2025 (*) Structural ratios Net loans and advances to customers/total assets 62.9% 62.9% Net loans and advances to customers/direct deposits from customers 77.1% 76.3% Financial assets/total assets 23. 2 % 22.3% Gross non - performing loans/gross loans to customers 2.3% 2.1% Net non - performing loans/net loans to customers 1.1% 1.0% Texas Ratio 16.3% 15.9% Profitability ratios ROE 17.2% 17.0% ROTE 20.8% 20.0% ROA 1.3% 1.1% Cost/Income Ratio 41.6% 46.0% Cost of risk 0.20% 0.18% (*) The comparative statement of financial position ratios, together with ROE, ROTE and ROA, have been calculated using figur es as at 31 December 2025 as per the Consolidated Financial Report of the BPER Banca Group as at and for the period ended 31 Decemb er 2025, while the income statement ratios (Cost/Income Ratio and Cost of risk) have been calculated on figures for the period ended 30 September 2025. The Texas ratio is calculated as total gross non - performing loans to customers on tangible equity (Group and non - controlling interests) plus loss allowances for non - performing loans to customers. ROE has been calculated as the ratio of annualised net profit for the period only for the adjusted component (€2,692.1 m as a t 30 September 2026) to the Group’s average equity not including net profit. ROTE is calculated as the ratio of annualised net profit for the period only for the adjusted component (€2,692.1 m as at 30 September 2026) to the Group’s average equity i) including annualised net profit for the period only for the adjusted component (€2 ,692.1 m as at 30 September 2026) stripped of the portion allocated to dividends and ii) excluding intangible assets and equity instruments. ROA has been calculated as the ratio of annualised net profit for the period including profit attributable to non - controlling interests only for the adjusted component (€2,745.0 m as at 30 September 2026) to total assets. The Cost/income ratio is calculated on the basis of the reclassified income statement (operating costs/operating income). Whe n calculated on the basis of the accounting schedules envisaged by the 8th update of Bank of Italy Circular No. 262, the Cost/Incom e Ratio is 43.33% (45.76% for the period ended 30 September 2025). The Cost of Risk is calculated as the ratio of the items in the reclassified income statement “Net impairment gains (losses) on financial assets at amortised cost – loans and advances to customers” and “Loans b) loans and advances to customers”. The annualised Cost of Risk for the period ended 30 September 2 026 is 27 bps, up from 24 bps in 2025.
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page15 Prudential supervisory ratios 30.09.2026 2025 (*) Own Funds (in thousands of Euro) Common Equity Tier 1 (CET1) 12 , 276 , 706 11,881,694 Total Own Funds 16 , 327 , 308 15,382,915 Risk - weighted assets (RWAs) 8 1, 405 , 058 80,141,723 Capital ratios and liquidity ratios Common Equity Tier 1 Ratio (CET1 Ratio) 15 . 1% 14.8% Tier 1 Ratio (T1 Ratio) 17 . 8% 17.2% Total Capital Ratio (TC Ratio) 20 . 1% 19.2% Liquidity Coverage Ratio (LCR) 167 . 3% 172.1% Net Stable Funding Ratio (NSFR) 134 . 3% 134.4% (*) The comparative ratios have been calculated on figures as at 31 December 2025 as per the Integrated Report and Consolidat ed financial report as at and for the period ended 31 December 2025. The capital ratios as at 30 September 2026 are to be considered phased - in on the basis of the new prudential supervisory framework in force since 1 January 2025 (Basel IV) and were calculated by including profit for the period for the portion not allocated to dividends, thus simulating, in advance, the effects of the ECB’s authorisation to include these profits in Own Funds pursuant to art. 26, para. 2 of the CRR.
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page 16 5. Disclosure of exposures to sovereign debt held by listed companies As required by CONSOB Communication DEM/11070007 of 5 August 2011 (and the letter sent to listed Banking Issuers dated 31 Oct ober 2018), details are provided below about the holdings of bonds issued by Central and Local Governments and by Government Entiti es, as well as about the loans granted to them. Debt securities Issuer Rating Cat. Nominal value Carrying Amount Fair Value OCI Reserves % Governments(*): 35,681,550 34,992,210 33,983,081 (76,307) 98.84% Italy BBB+ 23,107,284 23,016,788 22,431,561 1,238 65.01% FVTPLT 258,997 253,766 253,766 # FVO - - - # FVTPLM - - - # FVOCI 1,331,030 1,348,412 1,348,412 1,238 AC 21,517,257 21,414,610 20,829,383 # France A+ 3,739,603 3,606,753 3,485,327 (39,749) 10.19% FVTPLT 103 23 23 # FVO - - - # FVTPLM - - - # FVOCI 1,009,500 970,033 970,033 (39,749) AC 2,730,000 2,636,697 2,515,271 # Spain A 3,137,900 3,059,396 2,976,327 (15,398) 8.64% FVTPLT - - - # FVO - - - # FVTPLM - - - # FVOCI 961,000 922,685 922,685 (15,398) AC 2,176,900 2,136,711 2,053,642 # Germany AAA 2,423,556 2,352,647 2,275,040 (13,579) 6.65% FVTPLT 1 1 1 # FVO - - - # FVTPLM 8,055 7,807 7,807 # FVOCI 825,000 819,261 819,261 (13,579) AC 1,590,500 1,525,578 1,447,971 # European Union AAA 1,383,915 1,278,227 1,265,159 (4,082) 3.61% FVTPLT 1,377 1,332 1,332 # FVO - - - # FVTPLM 4,738 4,675 4,675 # FVOCI 125,100 122,493 122,493 (4,082) AC 1,252,700 1,149,727 1,136,659 # U.S.A. AA+ 890,000 776,424 667,589 - 2.19% FVTPLT - - - # FVO - - - # FVTPLM - - - # FVOCI - - - - AC 890,000 776,424 667,589 #
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page17 (cont.) Issuer Rating Cat. Nominal value Carrying Amount Fair Value OCI Reserves % European Stability A+ 335,990 307,844 305,132 (2,929) 0.87% Fund FVTPLT - - - # FVO - - - # FVTPLM 3,790 3,928 3,928 # FVOCI 152,700 138,530 138,530 (2,929) AC 179,500 165,386 162,674 # Belgium A+ 231,400 206,544 200,514 - 0.58% FVTPLT - - - # FVO - - - # FVTPLM - - - # FVOCI - - - - AC 231,400 206,544 200,514 # Ireland AA 150,000 129,369 126,392 - 0.37% FVTPLT - - - # FVO - - - # FVTPLM - - - # FVOCI - - - - AC 150,000 129,369 126,392 # Other - 281,902 258,218 250,040 (1,808) 0.73% FVTPLT 1,402 1,206 1,206 # FVO - - - # FVTPLM 17,500 18,180 18,180 # FVOCI 15,000 13,228 13,228 (1,808) AC 248,000 225,604 217,426 # Other public entities: 439,012 411,649 393,457 (2,297) 1.16% France - 321,517 295,050 277,777 (1,805) 0.83% FVTPLT - - - # FVO - - - # FVTPLM 10,117 10,642 10,642 # FVOCI 52,000 45,199 45,199 (1,805) AC 259,400 239,209 221,936 # Italy - 110,103 108,875 107,956 (490) 0.31% FVTPLT - - - # FVO - - - # FVTPLM - - - # FVOCI 20,000 19,740 19,740 (490) AC 90,103 89,135 88,216 # Other - 7,392 7,724 7,724 (2) 0.02% FVTPLT 24 9 9 # FVO - - - # FVTPLM 7,368 7,715 7,715 # FVOCI - - - (2) AC - - - # Total as at 30.09.2026 36,120,562 35,403,859 34,376,538 (78,604) 100.00% (*)The individual percentages, calculated on the carrying amount, shown in the above table may not agree with the total becau se of rounding. Figures are expressed in thousands of Euro. The ratings indicated are those of Fitch Ratings at 30 September 2026.
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page 18 Loans Issuer Rating Cat. Nominal value Carrying Amount Fair value OCI Reserves % Governments (*): 2,711,742 2,711,742 2,658,993 - 72.38% Italy BBB+ 2,686,942 2,686,942 2,631,490 - 71.72% FVTPLT - - - # FVO - - - # FVTPLM - - - # FVOCI - - - - AC 2,686,942 2,686,942 2,631,490 # Togo 24,800 24,800 27,503 - 0.66% FVTPLT - - - # FVO - - - # FVTPLM - - - # FVOCI - - - - AC 24,800 24,800 27,503 # Other public entities: 1,034,714 1,034,714 1,049,114 - 27.62% Italy - 1,033,286 1,033,286 1,047,686 - 27.58% FVTPLT - - - # FVO - - - # FVTPLM - - - # FVOCI - - - - AC 1,033,286 1,033,286 1,047,686 # Algeria - 1,428 1,428 1,428 - 0.04% FVTPLT - - - # FVO - - - # FVTPLM - - - # FVOCI - - - - AC 1,428 1,428 1,428 # Total loans as at 30.09.2026 3,746,456 3,746,456 3,708,107 - 100.00% (*) The individual percentages, calculated on the carrying amount, shown in the above table may not agree with the total beca use of rounding. Figures are expressed in thousands of Euro. The ratings indicated are those of Scope Ratings at 30 September 2026. With reference to the "Carrying Amount", the duration of the exposures concerned is presented below: on demand up to 1 year 1 to 5 years > 5 years Total Debt securities - 3,484,924 8,930,710 22,988,225 35,403,859 Loans 616,820 214,609 194,965 2,720,062 3,746,456 Total 616,820 3,699,533 9,125,675 25,708,287 39,150,315 Ongoing control over the risks inherent in the portfolio is maintained by the Directors who monitor the effects on profitabil ity, liquidity and the Group's capital base, also through sensitivity analyses. No critical elements have been identified on the ba sis of the analyses conducted.
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Consolidated interim report on operations as at 30 September 2026 – Press Release Page19 ******************** The Manager responsible for preparing the Company's financial reports, Giovanni Tincani, declares, pursuant to art. 154-bis, paragraph 2, of Legislative Decree No. 58/1998 (Consolidated Law on Finance), that the accounting information contained in this pre ss release corresponds to the underlying documentary evidence, books and accounting records. ******************** Contacts: Manager responsible for preparing the Company's Financial Report: reporting.supervision@bper.it