Interim report
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BNP PARIBAS 鳳 酒 屋 お 好み お 酒店 焼き鳥 お好み焼き INTERIM CONSOLIDATED REPORT BNP Paribas Bank Polska S.A. Group for the period of 6 months ended 30 June 2026
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 2 TABLE OF CONTENTS SELECTED FINANCIAL DATA ..................................................................................................................................... 5 INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS ....................................................... 7 INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ....................................... 8 INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION ................................................ 9 INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY ............................................... 10 INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS ........................................................... 13 NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ........................................ 15 1. IDENTIFICATION DATA ......................................................................................................................................... 15 2. DESCRIPTION OF THE CAPITAL GROUP ........................................................................................................... 15 3. ACCOUNTING POLICY APPLIED FOR THE PURPOSE OF PREPARATION OF THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ........................................................................................................... 15 3.1. New standards, interpretations and amendments to published standards that have been issued by the International Accounting Standards Board (IASB), have been endorsed by the European Union, are effective and have been applied by the Group ........................................................................................................................................................................................... 16 3.2. New standards, interpretations and amendments to these standards that have already been issued by the International Accounting Standards Board (IASB), have been endorsed by the European Union but are not yet effective ............................... 16 3.3. New standards, interpretations and amendments to these standards that have been issued by the International Accounting Standards Board (IASB) but not yet endorsed by the European Union ......................................................................................... 17 3.4. Changes in accounting policies and changes in presentation of financial data h ............................................................... 17 4. GOING CONCERN ................................................................................................................................................. 17 5. APPROVAL OF THE FINANCIAL STATEMENTS FOR PUBLICATION ............................................................... 18 6. SEASONAL AND CYCLICAL NATURE OF BUSINESS ....................................................................................... 18 7. ESTIMATES AND JUDGEMENTS ......................................................................................................................... 18 8. NET INTEREST INCOME ....................................................................................................................................... 29 9. NET FEE AND COMMISSION INCOME ................................................................................................................. 30 10. NET TRADING INCOME (INCLUDING RESULT ON FOREIGN EXCHANGE) ..................................................... 31 11. RESULT ON INVESTMENT ACTIVITIES ............................................................................................................... 32 12. NET ALLOWANCES FOR EXPECTED CREDIT LOSSES ON FINANCIAL ASSETS AND PROVISIONS FOR CONTINGENT LIABILITIES ........................................................................................................................................ 32 13. GENERAL ADMINISTRATIVE COSTS .................................................................................................................. 33 14. DEPRECIATION AND AMORTISATION ................................................................................................................ 33 15. OTHER OPERATING INCOME .............................................................................................................................. 34 16. OTHER OPERATING EXPENSES ......................................................................................................................... 34 17. INCOME TAX EXPENSE ........................................................................................................................................ 35 18. EARNINGS PER SHARE ....................................................................................................................................... 35 19. CASH AND BALANCES AT CENTRAL BANK ..................................................................................................... 36 20. AMOUNTS DUE FROM BANKS ............................................................................................................................ 36 21. DERIVATIVE FINANCIAL INSTRUMENTS ............................................................................................................ 38 22. HEDGE ACCOUNTING .......................................................................................................................................... 39 23. LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST ............................................ 44 24. LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS .... 49 25. SECURITIES MEASURED AS AMORTISED COST .............................................................................................. 50
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 3 26. SECURITIES MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS ....................................................... 51 27. SECURITIES MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME ......................... 51 28. INTANGIBLE ASSETS ........................................................................................................................................... 52 29. PROPERTY, PLANT AND EQUIPMENT ................................................................................................................ 52 30. LEASES .................................................................................................................................................................. 53 31. OTHER ASSETS .................................................................................................................................................... 54 32. AMOUNTS DUE TO BANKS .................................................................................................................................. 54 33. AMOUNTS DUE TO CUSTOMERS ........................................................................................................................ 55 34. LIABILITIES UNDER ISSUED DEBT SECURITIES (INCLUDING SUBORDINATED ISSUES) ............................ 55 35. SUBORDINATED LIABILITIES .............................................................................................................................. 56 36. OTHER LIABILITIES .............................................................................................................................................. 56 37. PROVISIONS .......................................................................................................................................................... 57 38. CASH AND CASH EQUIVALENTS ........................................................................................................................ 58 39. SHARE BASED PAYMENTS ................................................................................................................................. 58 40. ADDITIONAL INFORMATION REGARDING THE STATEMENT OF CASH FLOWS ........................................... 60 41. CONTINGENT LIABILITIES ................................................................................................................................... 60 42. FAIR VALUE OF ASSETS AND LIABILITIES ....................................................................................................... 61 43. LOAN PORTFOLIO SALE ...................................................................................................................................... 66 44. SECURITISATION .................................................................................................................................................. 66 45. RELATED PARTY TRANSACTIONS ..................................................................................................................... 66 46. OPERATING SEGMENTS ...................................................................................................................................... 69 47. SHAREHOLDERS OF BNP PARIBAS BANK POLSKA S.A................................................................................. 73 48. DIVIDEND PAID ..................................................................................................................................................... 74 49. PROFIT DISTRIBUTION......................................................................................................................................... 74 50. LITIGATION, CLAIMS AND ADMINISTRATIVE PROCEEDINGS ......................................................................... 74 51. FINANCIAL RISK MANAGEMENT ........................................................................................................................ 84 52. CAPITAL ADEQUACY MANAGEMENT ................................................................................................................ 95 53. MANAGEMENT OF BNP PARIBAS BANK POLSKA S.A. ................................................................................... 97 54. MAJOR EVENTS IN BNP PARIBAS BANK POLSKA S.A. GROUP IN H1 2026 .................................................. 99 55. SUBSEQUENT EVENTS ...................................................................................................................................... 100 II INTERIM CONDENSED SEPARATE FINANCIAL STATEMENTS ...................................................................... 101 Interim condensed separate statement of profit or loss ............................................................................................................... 101 Interim condensed separate statement of comprehensive income .............................................................................................. 102 Interim condensed separate statement of financial position ........................................................................................................ 103 Interim condensed separate statement of changes in equity ....................................................................................................... 104 Interim condensed separate statement of cash flows .................................................................................................................. 107 NOTES TO THE INTERIM CONDENSED SEPARATE FINANCIAL STATEMENTS ................................................ 109 1. ACCOUNTING POLICY APPLIED FOR THE PURPOSE OF PREPARATION OF THE INTERIM CONDENSED SEPARATE FINANCIAL STATEMENTS .................................................................................................................. 109 2. GOING CONCERN ............................................................................................................................................... 109 3. NET ALLOWANCES FOR EXPECTED CREDIT LOSSES ON FINANCIAL ASSETS AND PROVISIONS FOR CONTINGENT LIABILITIES ...................................................................................................................................... 110
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 4 4. LITIGATION, CLAIMS AND ADMINISTRATIVE PROCEEDINGS ....................................................................... 111 5. OTHER SIGNIFICANT DISCLOSURES ............................................................................................................... 111 6. RELATED PARTY TRANSACTIONS ................................................................................................................... 111 7. SEASONAL OR CYCLICAL NATURE OF BUSINESS ........................................................................................ 114 8. DIVIDEND PAID ................................................................................................................................................... 114 9. PROFIT DISTRIBUTION....................................................................................................................................... 114 10. CONTINGENT LIABILITIES ................................................................................................................................. 114 11. SUBSEQUENT EVENTS ...................................................................................................................................... 114 SIGNATURES OF THE MANAGEMENT BOARD MEMBERS OF BNP PARIBAS BANK POLSKA S.A. ............... 115
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 5 SELECTED FINANCIAL DATA Selected consolidated financial data PLN’000 PLN’000 EUR’000 EUR’000 Statement of profit or loss Note H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Net interest income 8 2,910,421 2,967,667 684,451 703,105 Net fee and commission income 9 667,688 655,611 157,022 155,329 Profit before tax 1,611,490 1,929,454 378,978 457,130 Profit after tax 975,166 1,475,294 229,332 349,529 Total comprehensive income 993,771 1,621,434 233,707 384,153 Statement of cash flows H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Total net cash flows (5,709,586) (2,586,135) (1,342,737) (612,712) Ratios 30.06.2026 30.06.2025 30.06.2026 30.06.2025 Number of shares (#) 47 147,949,302 147,880,491 147,949,302 147,880,491 Earnings per share 18 6.59 9.91 1.55 2.35 Statement of financial position 30.06.2026 31.12.2025 30.06.2026 31.12.2025 Total assets 180,863,762 180,725,264 42,097,563 42,758,006 Loans and advances to customers measured at amortised cost 23 94,701,829 90,887,678 22,042,648 21,503,224 Loans and advances to customers measured at fair value through profit or loss 24 219,807 286,183 51,162 67,708 Total liabilities 163,797,668 163,126,956 38,125,286 38,594,401 Amounts due to customers 33 141,437,258 141,338,836 32,920,713 33,439,524 Share capital 47 147,949 147,880 34,436 34,987 Total equity 17,066,094 17,598,308 3,972,277 4,163,605 Capital adequacy 30.06.2026 31.12.2025 30.06.2026 31.12.2025 Total own funds 18,950,114 17,485,758 4,410,799 4,136,976 Total risk exposure 105,152,750 103,722,212 24,475,188 24,539,762 Total capital ratio 18.02% 16.86% 18.02% 16.86% Tier 1 capital ratio 14.72% 13.60% 14.72% 13.60%
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 6 Selected separate financial data PLN’000 PLN’000 EUR’000 EUR’000 Statement of profit or loss H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Net interest income 2,857,325 2,908,985 671,964 689,202 Net fee and commission income 622,963 617,553 146,504 146,312 Profit before tax 1,630,124 1,887,671 383,360 447,231 Profit after tax 998,082 1,441,285 234,721 341,472 Total comprehensive income 1,016,687 1,587,425 239,097 376,096 Statement of cash flows H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Total net cash flows (5,712,888) (2,589,696) (1,343,513) (613,556) Ratios 30.06.2026 30.06.2025 30.06.2026 30.06.2025 Number of shares (#) 147,949,302 147,880,491 147,949,302 147,880,491 Earnings per share 6.75 9.69 1.59 2.30 Statement of financial position 30.06.2026 31.12.2025 30.06.2026 31.12.2025 Total assets 176,429,834 176,310,134 41,065,529 41,713,425 Loans and advances to customers measured at amortised cost 90,601,363 86,786,401 21,088,230 20,532,898 Loans and advances to customers measured at fair value through profit or loss 219,807 286,183 51,162 67,708 Total liabilities 159,468,502 158,839,504 37,117,637 37,580,028 Amounts due to customers 141,401,351 141,355,067 32,912,355 33,443,364 Share capital 147,949 147,880 34,436 34,987 Total equity 16,961,332 17,470,630 3,947,893 4,133,397 Capital adequacy 30.06.2026 31.12.2025 30.06.2026 31.12.2025 Total own funds 18,827,076 17,407,001 4,382,160 4,118,343 Total risk exposure 103,907,201 102,421,309 24,185,276 24,231,980 Total capital ratio 18.12% 17.00% 18.12% 17.00% Tier 1 capital ratio 14.78% 13.70% 14.78% 13.70% For purposes of data conversion into EUR, the following exchange rates are used by the Group: For items of the statement of financial position, rates of the National Bank of Poland are applied: - as at 30.06.2026 - 1 EUR = 4.2963 PLN - as at 31.12.2025 - 1 EUR = 4.2267 PLN For items of the statement of profit or loss and the statement of cash flows, the EUR exchange rate is calculated as the arithmetic mean of the rates published by the National Bank of Poland as at the last day of each month in the period: - for the period from 1.01.2026 to 30.06.2026 - 1 EUR = 4.2522 PLN - for the period from 1.01.2025 to 30.06.2025 - 1 EUR = 4.2208 PLN Calculation of earnings (loss) per share is described in Note 18.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 7 INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS Note Q2 2026 from 01.04.2026 to 30.06.2026 H1 2026 from 01.01.2026 to 30.06.2026 Q2 2025 from 01.04.2025 to 30.06.2025 H1 2025 from 01.01.2025 to 30.06.2025 Interest income 8 2,262,694 4,542,907 2,491,735 5,005,943 Interest income calculated with the use of effective interest rate method 2,030,947 4,107,979 2,292,137 4,601,356 interest income on financial instruments measured at amortised cost 1,803,838 3,640,995 2,071,818 4,155,899 interest income on financial instruments measured at fair value through other comprehensive income 227,109 466,984 220,319 445,457 Income similar to interest on instruments measured at fair value through profit or loss 231,747 434,928 199,598 404,587 Interest expenses 8 (798,087) (1,632,486) (1,018,394) (2,038,276) Net interest income 1,464,607 2,910,421 1,473,341 2,967,667 Fee and commission income 9 416,254 794,715 390,035 781,170 Fee and commission expenses 9 (63,230) (127,027) (61,913) (125,559) Net fee and commission income 353,024 667,688 328,122 655,611 Dividend income 3,814 4,175 4,217 4,389 Net trading income (including exchange result) 10 210,622 415,956 318,080 603,001 Result on investment activities 11 2,872 4,041 (596) (2,970) Result on hedge accounting 22 (6,347) 8,149 (238) (2,829) Result on derecognition of financial assets measured at amortised cost (1,659) (3,549) 663 (986) Net allowances for expected credit losses on financial assets and provisions for contingent liabilities 12 (80,516) (143,009) 18,239 (9,004) Result on legal risk related to foreign currency loans 50 (41,418) (149,654) (249,358) (314,263) General administrative expenses 13 (699,236) (1,631,014) (658,080) (1,506,926) Depreciation and amortisation 14 (129,127) (257,245) (128,338) (255,754) Other operating income 15 110,736 186,871 69,421 200,200 Other operating expenses 16 (112,429) (204,456) (98,815) (211,911) Operating profit 1,074,943 1,808,374 1,076,658 2,126,225 Tax on financial institutions (95,535) (196,884) (95,329) (196,771) Profit before tax 979,408 1,611,490 981,329 1,929,454 Income tax expense 17 (379,586) (636,324) (247,483) (454,160) Net profit 599,822 975,166 733,846 1,475,294 attributable to equity holders of the parent entity 599,822 975,166 733,846 1,475,294 Earnings (loss) per share (in PLN per one share) Basic 18 4.06 6.59 4.93 9.91 Diluted 18 4.06 6.59 4.93 9.91
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 8 INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Note Q2 2026 from 01.04.2026 to 30.06.2026 H1 2026 from 01.01.2026 to 30.06.2026 Q2 2025 from 01.04.2025 to 30.06.2025 H1 2025 from 01.01.2025 to 30.06.2025 Net profit for the period 599,822 975,166 733,846 1,475,294 Other comprehensive income Items that may be reclassified subsequently to profit or loss upon fulfilment of certain conditions 108,355 17,729 80,611 146,615 Valuation of financial assets measured at fair value through other comprehensive income, gross 27 107,253 30,958 72,562 135,071 Deferred income tax on the valuation of financial assets measured through other comprehensive income (25,481) (7,445) (13,787) (25,664) Valuation of cash flow hedging derivatives gross 22 34,850 (7,537) 26,960 45,937 Deferred income tax on valuation of cash flow hedging derivatives (8,267) 1,753 (5,124) (8,729) Items that will not be reclassified to profit or loss 370 876 (257) (475) Actuarial valuation of gross employee benefits 7e 480 1,142 (318) (587) Deferred income tax on actuarial valuation of employee benefits (110) (266) 61 112 Other comprehensive income (net) 108,725 18,605 80,354 146,140 Total comprehensive income 708,547 993,771 814,200 1,621,434 attributable to equity holders of the parent entity 708,547 993,771 814,200 1,621,434
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 9 INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION ASSETS Note 30 June 2026 31 December 2025 Cash and balances at Central Bank 19 9,558,086 10,224,866 Amounts due from banks 20 6,554,410 11,616,566 Derivative financial instruments 21 1,696,902 2,359,460 Adjustment of the fair value of hedged and hedging positions 22 373,008 345,550 Loans and advances to customers measured at amortised cost 23 94,701,829 90,887,678 Loans and advances to customers measured at fair value through profit or loss 24 219,807 286,183 Securities measured at amortised cost 25 37,590,362 36,180,626 Securities measured at fair value through profit or loss 26 405,669 240,949 Securities measured at fair value through other comprehensive income 27 26,217,449 24,719,802 Intangible assets 28 906,775 964,459 Property, plant and equipment 29 889,008 947,992 Deferred tax assets 813,309 898,673 Current income tax receivables 2,128 920 Other assets 31 935,020 1,051,540 Total assets 180,863,762 180,725,264 LIABILITIES Note 30 June 2026 31 December 2025 Amounts due to banks 32 10,044,641 10,145,231 Derivative financial instruments 21 1,748,775 2,276,575 Adjustment of the fair value of hedged and hedging positions 22 293,864 320,087 Amounts due to customers 33 141,437,258 141,338,836 Liabilities under issued debt securities (including subordinated issues) 34 4,350,263 4,226,368 Lease liabilities 30 542,688 553,436 Other liabilities 36 3,159,498 2,048,795 Current tax liabilities 149,832 177,971 Provisions 37 2,070,849 2,039,657 Total liabilities 163,797,668 163,126,956 EQUITY Note 30 June 2026 31 December 2025 Share capital 47 147,949 147,880 Supplementary capital 9,180,883 9,180,883 Other reserve capital 6,162,395 4,672,514 AT1 contingent convertible bonds 650,000 650,000 Revaluation reserve (165,191) (183,796) Retained earnings 1,090,058 3,130,827 retained profit 114,892 73,073 net profit for the period 975,166 3,057,754 Total equity 17,066,094 17,598,308 Total liabilities and equity 180,863,762 180,725,264
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 10 INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Share capital Supplementary capital Other reserve capital AT1 contingent convertible bonds Revaluation reserve Retained earnings Total As at 1 January 2026 147,880 9,180,883 4,672,514 650,000 (183,796) 3,130,827 17,598,308 Total comprehensive income for the period - - - - 18,605 975,166 993,771 Net profit for the period - - - - - 975,166 975,166 Other comprehensive income for the period - - - - 18,605 - 18,605 Distribution of retained earnings - - 1,506,852 - - (3,015,935) (1,509,083) Distribution of retained earnings intended for capital - - 1,506,852 - - (1,506,852) - Dividends paid out - - - - - (1,509,083) (1,509,083) Share issue 69 - - - - - 69 Interest paid on AT1 contingent convertible bonds - - (20,669) - - - (20,669) Management stock options* - - 3,698 - - - 3,698 As at 30 June 2026 147,949 9,180,883 6,162,395 650,000 (165,191) 1,090,058 17,066,094 * the management stock option programme is described in Note 39
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 11 Share capital Supplementary capital Other reserve capital AT1 contingent convertible bonds Revaluation reserve Retained earnings Total As at 1 January 2025 147,800 9,155,136 4,042,815 650,000 (540,845) 1,939,150 15,394,056 Total comprehensive income for the period - - - - 357,049 3,057,754 3,414,803 Net profit for the period - - - - - 3,057,754 3,057,754 Other comprehensive income for the period - - - - 357,049 - 357,049 Distribution of retained earnings - 25,747 663,427 - - (1,851,515) (1,162,341) Distribution of retained earnings intended for capital - 25,747 663,427 - - (689,174) - Dividends paid out - - - - - (1,162,341) (1,162,341) Share issue 80 - - - - - 80 Interest paid on AT1 contingent convertible bonds - - (41,077) - - (14,568) (55,645) Management stock options* - - 7,349 - - - 7,349 Other adjustments - - - - - 6 6 As at 31 December 2025 147,880 9,180,883 4,672,514 650,000 (183,796) 3,130,827 17,598,308 * the management stock option programme is described in Note 39
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 12 Share capital Supplementary capital Other reserve capital AT1 contingent convertible bonds Revaluation reserve Retained earnings Total As at 1 January 2025 147,800 9,155,136 4,042,815 650,000 (540,845) 1,939,150 15,394,056 Total comprehensive income for the period - - - - 146,140 1,475,294 1,621,434 Net profit for the period - - - - - 1,475,294 1,475,294 Other comprehensive income for the period - - - - 146,140 - 146,140 Distribution of retained earnings - 25,747 663,427 - - (1,851,515) (1,162,341) Distribution of retained earnings intended for capital - 25,747 663,427 - - (689,174) - Dividends paid out - - - - - (1,162,341) (1,162,341) Share issue 80 - - - - - 80 Interest paid on AT1 contingent convertible bonds - - (14,118) - - (14,568) (28,686) Management stock options* - - 3,676 - - - 3,676 As at 30 June 2025 147,880 9,180,883 4,695,800 650,000 (394,705) 1,548,361 15,828,219 * the management stock option programme is described in Note 39
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 13 INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS CASH FLOWS FROM OPERATING ACTIVITIES: Note H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Net profit (loss) 975,166 1,475,294 Adjustments for: (2,507,243) (546,725) Income tax expense 636,324 454,160 Depreciation and amortisation 14 257,245 255,754 Dividend income (4,175) (4,389) Interest income 8 (4,542,907) (5,005,943) Interest expenses 8 1,632,486 2,038,276 Change in provisions 31,697 127,343 Change in amounts due from banks 18,665 (334,598) Change in assets due to derivative financial instruments 635,100 (182,689) Change in loans and advances to customers measured at amortised cost (3,796,910) (1,161,834) Change in loans and advances to customers measured at fair value through profit or loss 66,376 91,672 Change in amounts due to banks (294,875) 514,862 Change in liabilities due to derivative financial instruments (561,560) 119,723 Change in amounts due to customers 198,981 (1,615,907) Change in other assets and deferred tax assets 160,387 238,148 Change in other liabilities and current income tax liabilities 1,065,918 1,012,668 Other adjustments 40 176,566 (48,626) Interest received 4,094,492 5,510,047 Interest paid (1,708,147) (1,953,154) Tax paid (572,105) (601,481) Lease fees for short-term leases not included in the valuation of the liability (801) (757) Net cash flows from operating activities (1,532,077) 928,569
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 14 CASH FLOWS FROM INVESTING ACTIVITIES: H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Inflows 90,169,792 86,380,910 Sale of securities 90,156,380 86,338,202 Sale of intangible assets and property, plant and equipment 9,237 37,283 Dividends received and other investment income 4,175 5,425 Outflows (92,882,482) (89,276,224) Purchase of securities (92,763,401) (89,117,934) Purchase of intangible assets and property, plant and equipment (119,081) (158,290) Net cash flows from investing activities (2,712,690) (2,895,314) CASH FLOWS FROM FINANCING ACTIVITIES: H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Inflows 854,792 1,557,980 Long-term loans received and subordinated liabilities 854,723 879,196 Issue of debt securities (including subordinated issues) - 678,704 Net income from share issues and refund of additional capital contributions 69 80 Outflows (2,319,611) (2,177,370) Repayment of long-term loans received and subordinated liabilities (714,371) (907,629) Repayment of lease liabilities (66,590) (71,949) Interest paid on AT1 contingent convertible bonds (29,527) (35,415) Other financial expenses (40) (36) Dividends paid out (1,509,083) (1,162,341) Net cash flows from financing activities (1,464,819) (619,390) TOTAL NET CASH AND CASH EQUIVALENTS (5,709,586) (2,586,135) Cash and cash equivalents at the beginning of the period 21,321,736 18,292,929 Cash and cash equivalents at the end of the period 38 15,612,150 15,706,794 Effect of exchange rate fluctuations on cash and cash equivalents (24,022) (66,729)
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 15 NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. IDENTIFICATION DATA BNP Paribas Bank Polska S.A. (the “Bank” or “BNP Paribas”) is the parent entity of in the Capital Group of BNP Paribas Bank Polska S.A. (the “Group”). The registered office of the Bank is located at Marcina Kasprzaka 2, 01-211 Warsaw, Poland. The Bank is registered in Poland by the District Court for the capital city of Warsaw, 13 th Commercial Division of the National Court Register, under number KRS 0000011571. The duration of the parent entity and the entities of the Capital Group is unlimited. 2. DESCRIPTION OF THE CAPITAL GROUP As at 30 June 2026, the BNP Paribas Bank Polska S.A. Group comprised BNP Paribas Bank Polska S.A. as the parent entity and its subsidiaries. The Bank's share in the equity of the subsidiaries is presented in brackets: 1) BNP PARIBAS TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH S.A. (“TFI” 100%), 2) BNP PARIBAS LEASING SERVICES SP. Z O.O. (“LEASING” 100%), 3) BNP PARIBAS GROUP SERVICE CENTER S.A. (“GSC” 100%), In accordance with the principles of International Financial Reporting Standards, the interim condensed consolidated financia l statements include all subsidiaries as at 30 June 2026. BNP Paribas Bank Polska S.A. is an entity belonging to the BNP Paribas Capital Group with its registered office in Paris. 3. ACCOUNTING POLICY APPLIED FOR THE PURPOSE OF PREPARATION OF THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS The Interim Condensed Consolidated Financial Statements for H1 2026 ended 30 June 2026 were prepared in accordance with the requirements of International Financial Reporting Standards, as endorsed by the European Union (“EU IFRS”), in particular in accordance with IAS MSR 34. The accounting policy applied in H1 2026 is no different from that in force in 2025, which is described in detail in the Consolidated financial statements of Bank BNP Paribas S.A. Capital Group for the year ended 31 December 2025, including new standards, interpretations and amendments to published standards that have been issued by the International Accounting Standards Board (IASB), have been endorsed by the European Union, have come into effect from 1 January 202 6 and have been applied by the Group. The interim condensed consolidated financial statements do not include all information and disclosures required in annual consolidated financial statements and, therefore, should be read in conjunction with the Consolidated financial statements of BNP Paribas Bank Polska S.A. Capital Group for the year ended 31 December 2025. The interim condensed consolidated financial statements have been prepared in Polish zloty and all values, unless otherwise indicated, are given in thousands of zlotys (PLN thousand). The present interim condensed consolidated financial statements have been prepared in accordance with the requirements specified in International Accounting Standards (“IAS”) and International Financial Reporting Standards endorsed by the European Union (“IFRS EU”), as well as the related interpretations, except for the standards and interpretations listed below, which are awaiting endorsement by the European Union or have already been endorsed by the European Union but entered or will enter into force after the balance sheet date. In the period included in these interim condensed consolidated financial statements, the Group did not early apply standards and interpretations endorsed by the EU, which will enter into force after the balance sheet date.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 16 3.1. New standards, interpretations and amendments to published standards that have been issued by the International Accounting Standards Board (IASB), have been endorsed by the European Union, are effective and have been applied by the Group Standards / Interpretations Date of issue/ publication Date of entry into force in EU Endorsed by the EU Description of changes Amendments to IFRS 9 and IFRS 7: Changes to the classification and measurement of financial instruments 30.05.2024 01.01.2026 27.05.2025 The amendments clarify, among others, that the financial liability is derecognised on the settlement date and introduce an accounting policy choice to derecognise financial liabilities settled by means of an electronic payment system before the settlement date. The changes will not have a significant impact on the Group’s financial statements. Amendments to IFRS 9 and IFRS 7: Nature-dependent electricity contracts 18.12.2024 01.01.2026 30.06.2025 The amendments include: ▪ clarifying the application of the “own -use” requirements; ▪ permitting hedge accounting if these contracts are used as hedging instruments; and ▪ adding new disclosure requirements to enable investors to understand the effect of these contracts on a company’s financial performance and cash flows. The changes will not have a significant impact on the Group’s financial statements. Annual Improvements to IFRS - Volume 11 18.07.2024 01.01.2026 09.07.2025 The IASB’s annual amendment cycle process deals with non -urgent but necessary clarifications and amendments to IFRSs. In July 2024, the International Accounting Standards Board issued “Annual Improvements to IFRS - Volume 11”. The changes will not have a significant impact on the Group’s financial statements. 3.2. New standards, interpretations and amendments to these standards that have already been issued by the International Accounting Standards Board (IASB), have been endorsed by the European Union but are not yet effective Standards / Interpretations Date of issue/ publication Date of entry into force in EU Endorsed by the EU Description of changes IFRS 18: Presentation and Disclosure of Information in Financial Statements 09.04.2024 01.01.2027 13.02.2026 IFRS 18 introduces new presentation and disclosure requirements in the financial statements for all entities applying IFRS standards. The Group is analysing in detail the impact of the change on the financial statements. In the opinion of the Group, the implementation of the standard will require changes to the presentation of the statement of profit or loss, the cash flow statement, and the notes to the financial statements with no impact on profit or equity.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 17 3.3. New standards, interpretations and amendments to these standards that have been issued by the International Accounting Standards Board (IASB) but not yet endorsed by the European Union Standards / Interpretations Date of issue/ publication Date of entry into force in EU Endorsed by the EU Description of changes IFRS 19: Subsidiaries without Public Accountability: Disclosures 09.05.2024 01.01.2027 No IFRS 19 allows eligible entities to apply limited disclosure requirements while applying the recognition, measurement and presentation requirements of other IFRS accounting standards. The changes will not have a significant impact on the Group’s financial statements. Amendments to 19: Subsidiaries without Public Accountability: Disclosures 21.08.2025 01.01.2027 No The amendments cover new or amended IFRS issued between 28 February 2021 and 1 May 2024 that were not considered when IFRS 19 was first issued. The changes will not have a significant impact on the Group’s financial statements. Amendments to IAS 21: Changes in Foreign Exchange Rates: Translation to a Hyperinflationary Presentation Currency 13.11.2025 01.01.2027 No The amendments clarify among others how entities translate financial statements from a non - hyperinflationary functional currency into a hyperinflationary presentation currency and how to proceed where the entity’s presentation currency is no longer a hyper inflationary currency but the entity’s functional currency remains a non -hyperinflationary currency. The changes will not have a significant impact on the Group’s financial statements. IFRS 20: Regulatory Assets and Regulatory Liabilities 27.05.2026 01.01.2029 No IFRS 20 sets out the requirements for the recognition, measurement, presentation and disclosure of information on regulatory assets, regulatory liabilities, regulatory income and regulatory expenses. The changes will not have a significant impact on the Group’s financial statements. Amendments to IAS 28: Amendments to Fair Value Option for Investments in Associates and Joint Ventures 26.06.2026 01.01.2027 No The amendments clarify which entities may use the fair value option under IAS 28 Investments in Associates and Joint Ventures. The changes will not have a significant impact on the Group’s financial statements. 3.4. Changes in accounting policies and changes in presentation of financial data h As compared to the Consolidated Financial Statements of the BNP Paribas Bank Polska S.A. Group for the year ended 31 December 2025 and the Interim Condensed Consolidated Financial Statements prepared for the first six months ended 30 June 2025, the Group has not changed its accounting policies or the presentation of financial data. 4. GOING CONCERN The present Interim Condensed Consolidated Financial Statements have been prepared assuming that the Group will continue as a going concern in substantially the same scope, in the foreseeable future, i.e. within at least 12 months from the balance s heet date.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 18 5. APPROVAL OF THE FINANCIAL STATEMENTS FOR PUBLICATION The Interim Condensed Consolidated Financial Statements of the BNP Paribas Bank Polska S.A. Capital Group for the first six months of 2026 ended 30 June 2026 were approved for publication by the Management Board on 11 August 2026. 6. SEASONAL AND CYCLICAL NATURE OF BUSINESS There are no significant seasonal or cyclical phenomena in the Group’s operations. 7. ESTIMATES AND JUDGEMENTS The Group makes judgements, estimates and assumptions that affect the value of assets and liabilities reported in the subsequent period. Judgements, estimates and assumptions, which are reviewed on an ongoing basis, are made based on prior experience and considering other factors, including expectations as to future events, which appear reasonable in specific circumstances. a. Impairment of financial assets The assessment of impairment of financial assets in accordance with IFRS 9 requires estimates and assumptions, especially estimates of the value and timing of future cash flows, the value of collateral established, or the assessment of a significant increase in credit risk. The assessment of impairment in accordance with IFRS 9 covers financial assets measured at amortised cost and financial assets measured at fair value through other comprehensive income, as well as contingent liabilities. The recognition of expected cre dit losses depends on the change in the level of credit risk recorded since the moment of initial recognition of the financial as set. Financial assets are subject to the assessment as to whether there are any events of default. The requirements of IFRS 9 relating to impairment are based on the expected credit loss model. Financial instruments subject to the assessment of impairment are classified into one of three stages based on the assessment of changes in credit quality observed since initial recognition: ● Stage 1: An allowance due to expected credit losses in 12-month horizon If the credit risk of a financial instrument did not increase significantly from the date of the initial recognition, and the event of default did not occur from the moment of granting the financial instrument, the Group recognises an allowance for the expected credit loss within the next 12-month horizon. ● Stage 2: An allowance due to expected credit losses for the entire lifetime – no event of default identified In the case of financial instruments whose credit risk has increased significantly since the moment of their initial recognit ion, but no event of default occurred, an impairment allowance is created for the entire remaining financing period, considering th e probability of the occurrence of the event of default. ● Stage 3: An allowance due to expected credit losses for the entire lifetime – event of default In the case of financial instruments for which an event of default occurred, an allowance for the expected credit loss is created for the entire remaining financing period. Criteria for Stage classification In order to assess whether there has been a significant increase in credit risk since the initial recognition of a financial instrument (Stage 2), the Group compares the risk of default during the expected period of financing granted as at the balance sheet date and the date of initial recognition. The assessment consists in verifying whether the ratio of the cumulative PD as at the report date determined for the period f rom the report date to the maturity date and the cumulative PD as at the initial recognition date determined for the period from the report date to the maturity date exceeds the relative threshold for the change in the PD lifetime parameter. Exceeding the threshold results in classification into Stage 2. PD lifetime weighted by the probability of occurrence of individual macroeconomic scenarios is used for comparison.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 19 The threshold amount is set at the level of homogeneous portfolios based on an analysis of loss levels for historical data. T he analysis is designed to ensure high discriminatory power of the introduced allocation and its results are subject to verifica tion for intuitiveness. The thresholds adopted at the Group range from 1.8 to 2.7 times PD lifetime growth relative to initial recogni tion, depending on the segment. An important element of the allowance estimation process, affecting both the Stage classification and the parameters used in the allowance estimation process, is the internal credit risk rating system. The rating reflects an assessment of asset quality a nd key related risks, including an assessment of refinancing risk. Refinancing risk is assessed periodically by the Group, both in the process of granting the financing and as part of cyclical monitoring performed throughout the financing period. In the commercial real estate segment, among others, the quality of the asset is examined, including: attractiveness of the location, age of the facility, occupancy level, terms and duration of leases, value of the property, LTV (Loan to Value) and DSCR (D ebt Service Coverage Ratio). In addition, in order to assess a significant increase in credit risk, the Group uses e.g.: information on delay in repayment s (over 30 days of delay) and information from internal credit risk monitoring systems, such as warning letters and information abo ut restructuring. For exposures classified as Stage 2, if in subsequent periods the credit quality of the financial instrument improves and pre vious conclusions regarding a significant increase in credit risk since initial recognition are reversed, the exposure is reclassif ied from Stage 2 to Stage 1 and the allowance for expected credit losses for these financial instruments is calculated over a 12 -month horizon. For the purpose of identifying exposures eligible for Stage 3, the Group uses a single definition of defaulted exposures and a definition of impaired exposures, and classification is based on the default triggers. The principal event of default is a delay in repayment of more than 90 days (or more than 30 days for exposures with granted facilities) of a material amount of a past due credit obligation. In addition, other indications are taken into account, incl uding in particular: ● restructuring, ● granting a facility where the exposure has a facility or forborne status, ● granting a facility without significant economic loss where at least one of the following conditions is met: o a large balloon payment towards the end of the repayment schedule; o irregular repayment schedule, with significantly lower payments at the beginning of the repayment schedule; o significant grace period at the beginning of the repayment schedule; o exposures to a debtor that are subject to distress restructuring on more than one occasion, ● suspicion of fraud (including economic crime or any other criminal offence related to the credit exposure), ● information has been received about the submission of an application for restructuring proceedings within the meaning of the Act on Restructuring, ● filing an application for commencing enforcement proceedings by the Group or becoming aware of the fact that enforcement proceedings against the debtor are being conducted in the amount which, in the opinion of the Group, may result in the loss of creditworthiness, ● becoming aware of the fact of filing of an application for declaring the debtor bankrupt (liquidation bankruptcy, consumer bankruptcy), putting the debtor into liquidation, dissolution or cancellation of the company, appointment of an administrator , appointment of a receiver over the debtor’s activity, ● filing an application for bankruptcy proceedings, a declaration of bankruptcy or becoming aware of the dismissal of the bankruptcy application due to the fact that the debtor’s assets are insufficient or sufficient only to meet the costs of the bankruptcy proceedings, ● termination of the credit agreement, ● submission of an application to initiate enforcement proceedings against the customer, ● granting a public moratorium under Article 31fa of the Act of 2 March 2020 on special solutions related to the prevention, contravention and control of Covid-19, other infectious diseases and emergencies caused by them, ● financial difficulties identified during the customer monitoring/review process or on the basis of information obtained from the customer in the course of other activities,
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 20 ● significant deterioration in customer rating. In determining the materiality level of a past due credit obligation, the Group takes into account the thresholds set in the Regulation of the Minister of Finance, Investment and Development dated 3 October 2019 on the materiality level of a past due credi t obligation. A past due credit obligation is considered material when both materiality thresholds are exceeded together: 1) the amount of past due liabilities exceeds PLN 400 for retail exposures or PLN 2,000 for non-retail exposures, and 2) the share of past due liabilities in the exposure is greater than 1%. Accordingly, the calculation of the number of overdue days for the purpose of determining a default event starts once both of the aforementioned thresholds are exceeded. While reclassifying the exposure from Stage 3 to Stage 2 or Stage 1, the Group considers a waiting period, where a credit exposure with recognised objective trigger of impairment may only be reclassified into Stage 2 or Stage 1 if the customer has been servicing the receivable on time for a specified number of months. The required waiting period differs depending on the customer type. The length of the waiting period is determined by the Group on the basis of historical observations which allow for determin ing the period after which the probability of default decreases to the level comparable to that of other exposures classified to the portfolio with no indications of impairment. With regard to the criteria for assignment to Stages, the Group implemented an indication based on the assessment of the relative change in the PD lifetime parameter. The Group continuously monitors the sensitivity of customer groups/segments to risk factors in the economic and geopolitical environment. The regular portfolio reviews include in particular factors such as the adverse impact of inflation, global trade and commodity tensions, and the potential impact of current military conflicts in Ukraine and the Middle East. The detailed assumptions of the identification of customers sensitive to selected risk factors for institutional customers ar e presented in Note 51 Credit risk. As at 30 June 2026, exposures to institutional customers considered sensitive stood at PLN 805,368 thousand. They were classified as Stage 2 customers affected by a significant increase in credit risk. The total allowance for these customers was PLN 141,315 thousand. As at 31 December 2025, the sensitive customers represented PLN 819,644 thousand and the allowance for these customers was PLN 121,471 thousand. With regard to the remaining segments, in the process of assigning Stages, the Group took into account the increased risk associated with customers with the greatest exposure to turbulence in the economic environment by transferring these exposures to Stage 2. The basis for identifying sensitive customers was: ● for the segment of other retail customers, available indicators that are indicative of the level of debt burden and the timeliness of servicing obligations with other institutions, ● for the portfolio of micro-entrepreneurs, the level of the customer’s rating or, for a selected group of customers, borrowing to a degree that threatened the proper servicing of the credit/loan. These customers represented exposures at PLN 260,718 thousand as at 30 June 2026 (with allowances at PLN 18,164 thousand) and PLN 305,103 thousand as at 31 December 2025 (with allowances at PLN 20,439 thousand). Description of the methods used to determine the allowance for expected credit losses The individual valuation is performed by the Group for individually significant financial assets for which an event of default was identified. It consists in the individual determination of the allowance for expected credit losses. During the individual valuation, the Group determines expected future cash flows and impairment allowance is calculated as the difference between the present value (balance sheet amount) of a financial asset which is individually significant and the value of future cash flows gen erated by that asset, discounted using the effective interest rate. Cash flows from collateral are taken into account for purposes of estima ting future cash flows. The following assets are measured collectively: ● classified as individually insignificant; ● classified as individually significant for which no event of default was identified. The amount of collective impairment allowances is determined with the application of statistical methods for defined exposure portfolios which are homogenous from the perspective of credit risk. Homogeneous exposure portfolios are defined based on, among others, customer segment and type of credit products.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 21 The criteria applied by the Group to define homogeneous portfolios are aimed at grouping exposures so that the credit risk profile is reflected as accurately as practicable and, consequently, so as to estimate the level of allowances for the expected credit losses as objectively and adequa tely as possible. The amount of the allowance for expected credit losses in the collective method is determined under four macroeconomic scenarios. The final value of the allowance is determined as the average of these four calculations weighted by the probability of occurrence of a given scenario. The weight of the base scenario is 50%, the weights of the negative and the severe scenarios are estimated based on the ratio of the current projected loss to the long -term average for the segment, and the weight of the positive scenario is derived from th e weights of the negative and the severe scenarios. As at 30 June 2026, the weight of the severe scenario ranged from 0% to 5.08%, depending on the portfolio, and the weight of the pessimistic scenario ranged from 0% to 22.32%. As at 31 December 2025, the weight of the severe scenario ranged from 0% to 5.59%, depending on the portfolio, and the weight of the pessimistic scenario ranged from 0% to 22.36%. In the process of calculating the amount of allowances, the following parameters are used: 1) probability of default (PD) The amount of the parameter for individual exposures is estimated using a model based on Markov chains. For its estimation, historical matrices of migration of exposures between risk classes are used. Risk classes are determined based on internal ratings. Migrations are determined within homogeneous portfolios defined by customer segment and product type. The parameter values resulting from the above model are through -the-cycle. In order to ensure the point -in-time nature required by IFRS 9, they are subsequently adjusted based on current forecasts of the macroeconomic environment. The adjustment made is based on econometric models built for individual segments based on time series. If it is not possible to build a model for a particular segment, a simplification based on the Box-Cox transformation is applied. 2) loss given default (LGD) The amount of the parameter for individual exposures is determined based on the probability of occurrence of individual recov ery paths (return to regular repayments, full repayment of the obligation, commencement of hard debt enforcement) and the expected levels of loss if a given path occurs. The probabilities of occurrence of individual paths are determined based on a model us ing Markov chains or scoring models and estimations based on historical data. Loss levels are determined based on historically observed recoveries. They take into account recoveries linked to collateral allocated to a given exposure, repayments not linked to collateral, and recoveries expected from the sale of receivables. Assignment of specific components is based on customer segment, product type, exposure characteristics, current number of days in default, contract status, and number of months since the commencement of hard debt enforcement. The parameters for recovery from the collateral are based on the customer segment, the type of collateral, and the number of months since the commencement of hard debt enforcement. The parameter values resulting from the above model are through -the-cycle. In order to ensure the point -in-time nature required by IFRS 9, they are adjusted based on current forecasts of the macroeconomic environment. The adjustment made is based on econometric models built for individual segments, based on time series. If it is not possible to build a model for a particular segment, a simplification based on the Box-Cox transformation is applied; this does not apply to portfolios where expert values are used for parameter estimation due to the lack of sufficient historical observations. 3) credit conversion factor of granted off-balance sheet liabilities to on-balance sheet receivables (CCF) The amount of the parameter is determined based on average observed historical values. The parameter is estimated within homogeneous portfolios defined by customer segment and product type. For segments where there are not enough observations to determine the parameter, expert values are adopted. For CCF, the Group demonstrated its lack of dependence on macroeconomic factors based on historical data. 4) prepayment factor (PPF) The amount of the parameter is determined based on the prepayment curve assigning dependence on the months of existence of the credit exposure. The prepayment curve is estimated based on historical data by customer segment and product type. When calculating the expected credit loss, prepayment factor adjusts the balance sheet exposure resulting from the loan repayment schedule. For PPF, the Group demonstrated its lack of dependence on macroeconomic factors based on historical data.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 22 5) expected lifetime of the loan (BRL – behavioural lifetime). For exposures for which there is no contractual lifetime, the behavioural lifetime of the loan is estimated. This value is assigned by customer segment and credit product type. The estimation of the behavioural lifetime of a loan is based on building a pro file of historically observed lifetime of exposures of a given type and fitting a logistic regression function to it. This function i s then used to estimate the final value in a given segment. In H1 2026, the Group made a significant change to the IFRS 9 model. • For SME segment customers, the Group introduced a new rating model. The change was designed to improve the discriminatory power of PD and to enable the implementation of improvements to the credit process. The change resulted in additional provisions of PLN 16,500 thousand. In H1 2026, the Group set up additional PMA (Post Model Adjustment) provisions due to: ● the current geopolitical situation, in particular the conflict in the Middle East in the amount of PLN 41,000 thousand, ● the risk in the Transport and Storage Sector in the amount of PLN 26,300 thousand. Type of Post Model Adjustment 31.12.2025 Change 30.06.2026 Customers particularly sensitive to changes in the economic environment 9,257 - 9,257 Farmers whose crops were affected by adverse weather events 49,458 - 49,458 Geopolitical risk - 41,000 41,000 Risk in the Transport and Storage Sector - 26,300 26,300 Adjustment for sensitive customers in commercial real estate segment 20,500 - 20,500 Adjustment for customers operating in sectors exposed to the German economy 64,137 - 64,137 Total 143,352 67,300 210,652 In H1 2026, the Group included the impact of changes to projections of macroeconomic variables in provisions and set up additional provisions of PLN 25,601 thousand. The additional provisions follow the deterioration of macroeconomic forecasts, in particular due to the current conflict in the Middle East. Sensitivity of allowances Allowances for the expected credit losses are back-tested on a regular basis. The models of risk parameters used for purposes of estimating impairment allowances are covered by the model management process, which specifies the principles of their development, approval and monitoring (including model back-testing). Additionally, there is a validation unit in the Group, which is independent of the owners and users of the models. The tasks of the unit include annual validation of risk model parameters considered to be significant. The process of validation covers both a qualitative and quantitative approach. The process of estimating impairment allowances is subject to periodic functional control and verified independently by the internal audit. In order to calculate the sensitivity of the level of allowances estimated by the collective method related to the realisatio n of macroeconomic scenarios, the Group used the method of changing the weights of the severe, pessimistic, baseline, and optimistic scenarios in accordance with their application consistent with IFRS 9.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 23 The impact of particular scenarios is presented in the table below: Analysis/scenario Change in the amount of allowance 30.06.2026 Percentage change in the amount of allowance 30.06.2026 Change in the amount of allowance 31.12.2025 Percentage change in the amount of allowance 31.12.2025 Pessimistic scenario – considering pessimistic and baseline scenarios only (optimistic scenario 0%, baseline scenario 50%, pessimistic scenario 40%, severe scenario 10%) 279,119 16% 273,308 16% Baseline scenario – uniform distribution of optimistic and pessimistic scenarios (optimistic scenario 25%, baseline scenario 50%, pessimistic scenario 15%, severe scenario 10%) 98,872 6% 102,485 6% Optimistic scenario – considering optimistic and baseline scenarios only (optimistic scenario 50%, baseline scenario 50%, pessimistic scenario 0%, severe scenario 0%) (94,195) -5% (85,620) -5% The sensitivity of the level of allowances results directly from the counter -cyclical nature of the calculation of weights assigned to individual macroeconomic scenarios. Counter -cyclicality is expressed in reducing the weight for the pessimistic scenario as the recession deepens, and in reducing the impact of the optimistic scenario in the event of an “overheating” of the economy. In addition, the impact of the estimated change in the level of allowances due to scenarios of changes in risk parameters is presented below. Analysis/scenario Change in the amount of allowance 30.06.2026 Percentage change in the amount of allowance 30.06.2026 Change in the amount of allowance 31.12.2025 Percentage change in the amount of allowance 31.12.2025 PD decrease by 10% (91,333) -5% (83,639) -5% PD increase by 10% 91,333 5% 83,639 5% LGD decrease by 10% (175,300) -10% (170,873) -10% LGD increase by 10% 150,726 9% 146,549 9% The table below shows the impact of a change in the present value of estimated future cash flows for exposures subject to individual valuation. Analysis/scenario Change in the amount of allowance 30.06.2026 Percentage change in the amount of allowance 30.06.2026 Change in the amount of allowance 31.12.2025 Percentage change in the amount of allowance 31.12.2025 Decrease in present value of estimated future cash flows for individually assessable exposures by 10% 66,719 9% 65,613 9% Increase in present value of estimated future cash flows for individually assessable exposures by 10% (65,332) -9% (63,155) -9%
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 24 Climate issues When considering the need to disclose climate -related risks, the Group takes into account the requirements for determining materiality of financial information in paragraph 7 of IAS 1. According to these requirements, the Group should consider both quantitative factors and qualitative factors, as well as the interactions between the factors, when assessing whether or not the information is material. The Group treats ESG risks, including climate risk, as a cross -cutting risk affecting traditional risks, including credit, liquidity and operational risks. As part of the Group’s risk identification and assessment framework, a separate group of risks relat ed to environmental, social and governance factors was defined. In the risk identification process, the significant impact of ESG factors on credit risk was recognised among others. As a result, ESG risks were incorporated into the internal risk management framework by including ESG risk as a subtype of credit risk in the Risk Management Strategy and Risk Appetite. In order to mitigate and control the risk, a framework for measuring ESG risk in the Bank’s Internal Capital Assessment Process (ICAAP) has also been developed. The capital plan for 2026-2028 was supplemented with limits for ESG risk set based on the risk measurement made. ESG Risk Management Principles have also been developed, which include, inter alia, provisions for risk monitoring and reporting and stress testing. In response to the requirements of the EBA/GL/2020/06 Guidelines on loan origination and monitoring, the Group developed ESG assessment questionnaires, which were implemented in the lending process. The assessment is carried out for customers for whom new financing or an increase in financing is being processed as well as in the case of customer review. The purpose of the assessment is to identify any risks related to ESG factors affecting the financial position of the customers, as well as the impact of the customers’ business activities on ESG factors (double materiality principle). Environmental risks are subject to special analysis by the Group. They may materialise through: 1) physical risks related to environmental degradation, as well as climate change, including the occurrence of: a) long-term climate change, b) extreme weather events, 2) transition risks resulting from the need to adapt the economy to gradual climate change, in particular to the use of low-carbon and more environmentally sustainable solutions, including the occurrence of: a) regulatory risk (changes in climate and environmental policies), b) technological risks (a technology with a less damaging effect on the climate or the environment replaces a more damaging technology, making it outdated), c) changes in market sentiment and social norms, 3) liability risk arising from the Group’s exposure to counterparties that could potentially be held liable for the negative impact of their activities on environmental, social and governance factors. The assessment of the impact of long-term climate change and extreme weather events on the activities carried out by customers is taken into account by the Group in the process of loan origination and monitoring in accordance with the following systematics: Long-term climate changes: Extreme weather events: impact of higher temperatures impact of heat waves impact of temperature shocks impact of cold waves impact of changing wind patterns impact of fires impact of changing rain/snow-fall patterns and types impacts of storms, tornadoes, etc. impact of sea level rise impact of droughts impact of water stress (reduced access to water) impact of heavy rain/snow-falls impact of soil and coastal erosion impact of floods impact of soil degradation impact of landslides ESG risk assessment is one of the elements of a customer’s credit risk assessment. The result of the ESG risk analysis is tak en into account in the credit decision and in the review of the customer and, in situations of high risk identification, in the rating assignment and update process. High ESG risk was identified for 9 customers as at 30 June 2026 with a total balance -sheet exposure of PLN 20 million (14 customers as at 31 December 2025 with a total balance-sheet exposure of PLN 31.3 million).
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 25 The early warning indicators (EWA) include ESG indicators. One of the factors in the classification of customers as Doubtful Debts is the identification of adverse events linked to ESG risk factors. The incorporation of ESG factors helps to identify early indicators of potential deterioration of credit quality which may result in customer default. The rules for the classification of credit exposures include ESG factors in the list of criteria which may suggest the debtor’s financial distress. The number of customers and the credit exposures of customers with identified ESG EWAs, including default customers, is one of the key risk indicators which are regularly monitored and reported to the Risk Management Committee, the Management Board and the Supervisory Board of the Bank. As at 30 June 2026, the Bank identified 6 customers with active ESG EWAs with a total balance-sheet exposure of PLN 37 million (as at 31 December 2025, 6 customers with active ESG EWAs with a total balance-sheet exposure of PLN 40 million). The Group runs climate stress tests in order to assess the Group’s resilience under various climate change scenarios, includi ng transition risk (e.g. more severe climate policy) and physical risk (greater frequency of floods and droughts). The results s how which portfolios are most exposed to loss due to economic transition or climate change. The share of climate factors in loan loss provisions refers to the analysis of potential effect of physical risk and transition risk of climate change on asset quality and the cost of risk in the loan book. This component is designed to make a quantitative determination, looking forward, of how clima te events (such as floods, droughts, extreme heat waves) or regulatory and economic changes related to transition to a low -carbon economy can increase losses. Practically, this incorporates the potential impact of climate scenarios on the customers’ probability of default and collateral value. Such measurement helps to estimate the future financial impact of climate risks on the loan book, to make a forward-looking analysis, and to strengthen risk management and financial resilience in view of climate change risks. The process of selecting counterparties with which the Group enters into business relationships also makes it possible to lim it negative impacts in terms of ESG areas through, among others, the sector policies in place, watch lists, exclusions, and customer analysis in the KYC process (know-your-customer). The established sector policies enable the Group to control the impact of its financing and support customers operating in sensitive sectors. The purpose of the sector policies is to encourage customers to follow best practices and respect the social and environmental criteria set by the Group. At the same time, the Group has for a long time, through the policies in place and the verification of negative information about customers’ ESG activity, introduced restrictions in its activities by avoiding material exposures to the sectors and customer s that will be most affected by climate change, e.g. through the materialisation of physical and transition risks. The Group recognises that climate and environmental risks may represent a material risk to businesses and a systemic risk to the economy, so it is taking steps to collect relevant data on these risks. b. Classification of financial instruments When classifying financial instruments in accordance with IFRS 9, the Group used the assessment of business models for maintaining financial assets and assessing whether the contractual terms related to a financial asset resulted in cash flows that were solely payment of principal and interest on the outstanding principal. c. Fair value of financial instruments Fair value measurements of financial instruments classified as level 2 or 3 in the fair value hierarchy are estimated using valuation techniques (mark-to-model) that are consistent with market practice, and are parameterised based on reliable sources of ma rket data obtained from Refinitiv and Bloomberg information systems, among others. For linear and non-linear OTC derivatives, valuation methods are used based on replicating the payoffs of valued instruments with other instruments with similar characteristics for which market quotes are available from an active market. A Credit Valuation Adjustment (CVA) and Debit Valuation Adjustment (DVA) are also determined for this category of instruments, which are estimated based on the projected future exposure resulting from the transaction, the Bank’s and the counterparty’s credit ratings and the collateral submitted/accepted. In addition, the materiality of other fair value adjustments (X -Value Adjustments, XVA) is verified. The fair value measurement of debt instruments not traded in an active market and loans and advances is determined using a method based on the present value of projected future cash flows or a method based on the expected recovery of a given exposure, which take into account estimates of unobservable risk factors, i.e. the size of the credit spread, the probability of the debtor ’s default, the recovery rate. For equity instruments not traded in an active market, fair value measurements are determined using a method based on market multiples or a method based on the present value of projected future cash flows, which take into account estimates of unobserved risk factors, i.e. limited liquidity of the instrument, uncertainty related to the realisation of assumed financial projections, market risk premium associated with an investment in a particular category of financial instruments. Information on the fair value of financial assets and liabilities is presented in Note 42 Fair value of financial assets and liabilities.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 26 d. Impairment of non-current assets At the end of each reporting period, the Group verifies whether there is any objective impairment trigger concerning its non-current assets (including investments in subsidiaries). If such triggers are identified, the Group estimates the recoverable amount . Recoverable amount corresponds to fair value less costs to sell or value in use of the asset or cash -generating unit, whichever is higher. Determination of the value in use of a non -current asset requires the Group to make assumptions as to the estimated amounts and dates of future cash flows that may be generated by the Group on the non -current asset. When estimating the fair value less costs to sell, the Group relies on available market data or valuations of independent appraisers, which generally are also based on estimates. e. Provisions for retirement, disability and post-mortem benefit obligations The Group creates provisions for retirement, disability and post-mortem severance pay (“severance”), in accordance with IAS 19. The severance provisions are calculated for each employee separately, using the actuarial method of projected unit credit, by an independent actuary, equal to the present value of the Group’s future liabilities to employees based on headcount and wages and salaries as at the date of valuation. The calculations take a number of factors into account, including macroeconomic conditi ons, employee turnover, risk of death and others. The basis for calculating the provision for employees is the anticipated value o f severance pay which the Group is to pay pursuant from the Remuneration Regulations in force at the Group. The anticipated severance pay is calculated as the function of: • the expected severance base, in accordance with the provisions of the Collective Bargaining Agreement, • the expected increase in the severance base from the moment of valuation until the payment of severance, • the expected entitlement to an individual benefit for each employee. The projected value is discounted actuarially at the end of each reporting period. In accordance with the requirements of IAS 19, the financial discount rate for calculating the current value of liabilities related to employee benefits is determined on th e basis of market yields on treasury bonds whose currency and maturity date are consistent with the currency and the estimated date of the benefit obligations. The actuarial discount is the product of the financial discount, the probability of a person’s continued employment at the Gr oup until the severance is required, and the probability of the need for a particular benefit (e.g. the probability of acquiring a disability). The value of annual write -offs and the probability are projected with the use of models which take the following three risks into account: • possibility of dismissal from work, • risk of inability to work, • risk of death. The employee’s possibility of termination is estimated through a probability distribution, based on the Group’s statistical data. The likelihood of dismissal depends on the age of the employee and is constant throughout each year of work. The risks of deat h and disability are estimated based on analyses of the latest statistical data on life expectancy in Poland (for men and women) as well as historical data published by the Central Statistical Office (GUS) and the Social Security Institution (ZUS). Provisions resulting from actuarial valuation are updated quarterly. f. Restructuring provision Continuing the Bank’s adaptation to the changing business environment, on 13 December 2023, another agreement was signed with the trade unions on the principles of conducting collective redundancies for 2024 -2026. Accordingly, in 2023, a provision for liabilities to employees due to restructuring was created in the amount of PLN 48,446 thousand; as at 30 June 2026, the provision amounts to PLN 48,446 thousand (as at 31 December 2025: PLN 17,444 thousand). g. Deferred tax assets and liabilities The deferred income tax liability is recognised in the full amount using the balance sheet method, due to positive temporary differences between the tax value of assets and liabilities and their balance sheet value in the financial statements. Deferr ed tax assets are recognised for all negative temporary differences, as well as unused tax credits and unused tax losses carried forward to the subsequent years, in the amount in which it is probable that taxable income will be generated that will allow the use of the above mentioned differences, assets and losses. Deferred income tax is determined using tax rates (and regulations) in force or at the end of the reporting period, which are expected to be effective at the time of realisation of the related deferred income tax assets or settlement of deferred incom e tax liabilities.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 27 If the temporary differences arose as a result of the recognition of an asset or liability resulting from a transaction that is not a business combination and which at the time of the conclusion did not affect the tax or accounting result, the deferred tax is not recognised. In addition, a deferred tax liability is created for positive temporary differences arising from investments in subsidiaries or associates and investments in joint ventures except the situations when the timing of temporary differences reversal is subject to control by the entity and when it is probable that the temporary differences will not be reversed in the foreseeable future. Deferred tax assets are recognised in the event of negative temporary differences from investments in subsidiaries or associa tes and investments in joint ventures, only to the extent that it is probable that the abovementioned temporary differences will be reversed in the foreseeable future and taxable income allowing to offset any negative temporary differences will be generated. The balance sheet amount of the deferred tax asset is reviewed at the end of each reporting period and is reduced accordingly , and so far as it is no longer probable that taxable income sufficient for partial or total realisation of the deferred tax as set will be realised. An unrecognised deferred tax asset is subject to reassessment at the end of each reporting period and is recognised up to an amount that reflects the probability of achieving future taxable income that will allow recovery of that asset. The Group offsets deferred tax assets with deferred tax liabilities if and only if it has an enforceable legal title to offset corresponding receivables and payables due to current tax and deferred income tax is related to the same taxpayer and the same tax authority. Income tax related to the items recognised directly in equity is recognised in equity and in the statement of comprehensive income. The Group maintains assets linked to provisions set up in connection with the settlement process regarding: ● settlements regarding CHF-denominated loan agreements and the possibility of benefiting from a tax preference (waiver of CIT collection on redeemed loans under the Decree of the Minister of Finance of 11 March 2022, as amended), ● cancelling CHF-denominated loan agreements. For details, see Note 50 Litigation, claims and administrative proceedings. Up to November 2025, current income tax and deferred tax liabilities were calculated using the 19% rate. As at the end of 2025, following the change of the CIT rate to 30% in 2026, 26% in 2027 and 23% in 2028 and beyond under tax law, the Bank measured the deferred tax assets and liabilities at the rates which are, according to current expectations, to apply when the asset value is realised or the lability is settled. The amount of the valuation of deferred tax assets and provisions using the tax rates referred to above is influenced by the development of temporary differences that vary over time, which are the basis for calculating deferred tax assets and provisi ons as at 30 June 2026, as well as the expected periods for settling these temporary differences. Pillar Two The Group uses an exception from the recognition and disclosure of deferred tax asset and liability information related to income tax under Pillar Two in accordance with an amendment of IAS 12 issued in May 2023. Global minimum tax level In connection with the obligation to implement into the Polish legal order the provisions of Council Directive (EU) 2022/2523 of 14 December 2022 on ensuring the global minimum level of taxation of multinational enterprise groups and large -scale domestic groups in the Union, the aim of which is to reduce corporate income tax competition by establishing a global minimum tax, Poland passed the Act dated 6 November 2024 on top -up taxation of members of multinational and domestic enterprise groups (hereinafter: the “Act”). The Act entered into force on 1 January 2025. The new tax is to be levied on constituent entities of international and domestic groups operating in Poland which have an annual revenue of EUR 750 million or more in their ultimate parent entity’s consolidated financial statements in at least two of the four fiscal years immediately preceding the tested fiscal year. Groups of companies subject to the global top -up tax are required to calculate an Effective Tax Rate (ETR) on income for each jurisdiction in which they operate. In the event this rate is lower than 15%, an obligation to pay the top-up tax will arise. Based on available 2025 financial data, the applicability of Transitional Safe Harbours (TSH) was verified and the criteria o f the applicability of Transitional CbCR Safe Harbour were found to be met, resulting in no obligation to carry out full calculations of domestic top-up tax and global top-up tax and no obligation to pay domestic top-up tax.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 28 h. Provision for the return of commissions due to early repayment of loans On 11 September 2019, the CJEU issued a judgment ruling that Article 16(1) of Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on consumer loan agreements and amending Council Directive 87/102/EEC should be interpreted in such a way that the consumer’s right to reduce the total cost of a loan in the event of earlier repayment includes all costs that have been imposed on the consumer. The CJEU pointed out that a comparative analysis of the different language versions of Article 16(1) of the Directive does not allow to clearly determine the exact scope of the reduction of the total cost of a loan envisaged by this provision because some language versions of this provision suggest reducing the costs related to the remaining period of the contract, others suggest that the costs associated with this period constitute an indication for calculating the reduction, others still only refer to interest and costs due for the remaining period of the contract. The judgment was issued following a question referred for a preliminary ruling by the Lublin -Wschód District Court in Świdnik, which examined three disputes between the company Lexitor, which acquired the claims of three customers, and SKOK Stefczyka, Santander Consumer Bank, and mBank, regarding the reduction of the total cost of consumer loans due to their earlier repayment. The Polish court had doubts about the interpretation of Article 16(1) of Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008, and therefore asked the CJEU whether this provision concerns all costs or only those related to the duration of the contract. As a result of the analysis concerning the impact of the judgment on the Group’s income, in particular on relations expired b efore the judgment was issued, the Group decided in 2019 to create provisions for a proportional refund of commissions in the event of early repayment of loans in the amount of PLN 48,750 thousand. As at 30 June 2026, the provisions amounted to PLN 7,172 thousand (as at 31 December 2025, the provisions amounted to PLN 8,066 thousand). The provisions were estimated based on the estimation of the total amount of provisions for early repaid loans and the expect ed percentage of customers who will claim for a refund of the due part of the commissions. Assuming that the percentage of customers is 5 p.p. higher than the assumed level, the amount of the provision will be higher by PLN 12,500 thousand. The Group recognises liabilities to customers due to proportional reimbursement of commissions in the event of early loan repayment in the period from the date of the judgment of the CJEU on 11 September 2019 to 31 December 2019. As at 30 June 2026, this liability amounted to PLN 2,188 thousand (PLN 2,204 thousand as at 31 December 2025). Additionally, the Group sets up provisions to cover the partial reimbursements of loan commissions in the event of early repayment. The estimate of the provisions is based on the difference between the value of commissions to be reimbursed to customers and the balance of unsettled commissions as at the expected date of early loan repayment. This provision is calculated as a percentage of commissions charged to customers, which reflects the expected average difference between the amounts of commissions to be reimbursed to customers and the balance of outstanding commissions at the expected time of early repayment of the loan. This percentage is calculated based on the estimated level of early repayments and the expected timing of repayment. In the event of early loan repayment, this provision is used; for newly sold loans, a provision is created on an ongoing basis. As at 30 June 2026, the provision amounted to PLN 24,362 thousand (PLN 27,513 thousand as at 31 December 2025). The total amount of provisions and liabilities related to the CJEU judgment as at 30 June 2026 was PLN 33,722 thousand (as at 31 December 2025, the provision was PLN 37,783 thousand). The created provision level is based on the Group’s estimates and may be changed. The above provisions are presented by the Group in Note 37 Provisions: Provision for litigation and claims; the Group present s the liability in Note 36 Other liabilities: Sundry creditors. i. Impact of legal risks arising from litigation related to mortgage loans in CHF Impact of legal risk resulting from proceedings related to CHF mortgage loans and the model used by the Group are presented in Note 50 Litigation, claims and administrative proceedings. j. Provisions for unauthorised transactions The proceedings concerning practices violating the collective interests of consumers and provisions for unauthorised transactions are described in Note 50 Litigation, claims and administrative proceedings.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 29 8. NET INTEREST INCOME Interest income Q2 2026 from 01.04.2026 to 30.06.2026 H1 2026 from 01.01.2026 to 30.06.2026 Q2 2025 from 01.04.2025 to 30.06.2025 H1 2025 from 01.01.2025 to 30.06.2025 Interest income calculated using effective interest rate 2,030,947 4,107,979 2,292,137 4,601,356 interest income on financial instruments measured at amortised cost 1,803,838 3,640,995 2,071,818 4,155,899 Amounts due from banks 79,857 172,892 134,867 287,615 Loans and advances to customers measured at amortised cost, including: 1,356,238 2,740,859 1,607,739 3,238,864 non-bank financial entities 53,958 98,729 61,584 123,438 retail customers 545,455 1,131,431 659,463 1,324,931 corporates 666,991 1,329,674 774,781 1,562,198 including individual farmers 122,199 247,755 163,409 329,745 public sector institutions 2,661 5,070 1,121 2,259 lease receivables 87,173 175,955 110,790 226,038 Debt instruments measured at amortised cost 366,975 725,219 328,572 628,271 Securities purchased under repurchase agreements 768 2,025 640 1,149 interest income on instruments measured at fair value through other comprehensive income 227,109 466,984 220,319 445,457 Debt instruments measured at fair value through other comprehensive income 227,109 466,984 220,319 445,457 Income similar to interest on instruments measured at fair value through profit or loss 231,747 434,928 199,598 404,587 Loans and advances to customers measured at fair value through profit or loss 3,629 7,710 8,273 17,683 Debt instruments measured at fair value through profit or loss 3,199 9,585 1,502 2,907 Derivative instruments as part of fair value hedge accounting 213,616 395,152 178,522 367,538 Derivative instruments as part of cash flow hedge accounting 11,303 22,481 11,301 16,459 Total interest income 2,262,694 4,542,907 2,491,735 5,005,943
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 30 Interest expense Q2 2026 from 01.04.2026 to 30.06.2026 H1 2026 from 01.01.2026 to 30.06.2026 Q2 2025 from 01.04.2025 to 30.06.2025 H1 2025 from 01.01.2025 to 30.06.2025 Amounts due to banks (89,065) (176,683) (153,309) (317,973) Liabilities under issued debt securities (41,912) (82,776) (1,795) (1,795) Amounts due to customers, including: (398,290) (861,149) (593,567) (1,176,593) non-bank financial entities (18,706) (43,307) (39,871) (77,084) retail customers (207,626) (464,315) (295,349) (597,177) corporates (143,662) (294,691) (217,234) (425,984) including individual farmers (1,235) (2,643) (2,111) (4,149) public sector institutions (28,296) (58,836) (41,113) (76,348) Lease liabilities (4,570) (9,264) (5,252) (10,538) Derivative instruments and amortisation of the hedged position as part of fair value hedge accounting (244,654) (467,832) (245,231) (498,940) Derivatives under cash flow hedge accounting (13,125) (27,334) (18,662) (30,381) Securities sold subject to repurchase agreements (6,471) (7,448) (578) (2,056) Total interest expense (798,087) (1,632,486) (1,018,394) (2,038,276) Net interest income 1,464,607 2,910,421 1,473,341 2,967,667 9. NET FEE AND COMMISSION INCOME Fee and commission income Q2 2026 from 01.04.2026 to 30.06.2026 H1 2026 from 01.01.2026 to 30.06.2026 Q2 2025 from 01.04.2025 to 30.06.2025 H1 2025 from 01.01.2025 to 30.06.2025 Loans, advances and leases 80,511 142,253 79,470 144,243 Account maintenance 54,280 110,469 55,039 111,754 Cash service 6,756 12,960 7,901 15,485 Cash transfers and e-banking 28,917 56,737 25,495 50,705 Guarantees and documentary operations 19,742 39,619 17,995 36,127 Asset management and brokerage operations 53,350 105,139 39,577 78,498 Payment and credit cards 108,914 212,495 109,341 231,259 Insurance mediation activity 40,318 76,122 41,359 86,317 Product sale mediation and customer acquisition 3,438 5,572 3,354 6,343 Other commissions 20,028 33,349 10,504 20,439 Total fee and commission income 416,254 794,715 390,035 781,170
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 31 Fee and commission expense Q2 2026 from 01.04.2026 to 30.06.2026 H1 2026 from 01.01.2026 to 30.06.2026 Q2 2025 from 01.04.2025 to 30.06.2025 H1 2025 from 01.01.2025 to 30.06.2025 Loans, advances and leases (374) (555) 63 (556) Account maintenance (2,439) (4,866) (2,634) (4,753) Cash service (7,377) (13,446) (8,231) (15,980) Cash transfers and e-banking (1,031) (2,091) (907) (1,597) Guarantee obligations and documentary operations (300) (591) (1,232) (2,676) Asset management and brokerage operations (2,895) (4,014) (1,389) (3,489) Payment and credit cards (26,462) (57,299) (27,874) (51,755) Insurance mediation activity (5,003) (6,765) (1,761) (10,044) Product sale mediation and customer acquisition (5,547) (10,826) (5,171) (10,307) Other commissions (11,802) (26,574) (12,777) (24,402) Total fee and commission expense (63,230) (127,027) (61,913) (125,559) Net fee and commission income 353,024 667,688 328,122 655,611 Other fee and commission expenses in H1 2026 included PLN 15,391 thousand fees and commissions from mobile banking (PLN 12,909 thousand in H1 2025). 10. NET TRADING INCOME (INCLUDING RESULT ON FOREIGN EXCHANGE) Net trading income Q2 2026 from 01.04.2026 to 30.06.2026 H1 2026 from 01.01.2026 to 30.06.2026 Q2 2025 from 01.04.2025 to 30.06.2025 H1 2025 from 01.01.2025 to 30.06.2025 Equity instruments measured at fair value through profit or loss 6,766 16,294 21,942 50,233 Debt instruments measured at fair value through profit or loss (770) (2,842) 509 974 Derivative instruments and result on foreign exchange transactions 204,626 402,504 295,629 551,794 Total result on financial instruments measured at fair value through profit or loss and foreign exchange differences 210,622 415,956 318,080 603,001 including margin on foreign exchange and derivative transactions with customers 177,389 353,744 235,336 436,909
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 32 11. RESULT ON INVESTMENT ACTIVITIES Result on investment activities Q2 2026 from 01.04.2026 to 30.06.2026 H1 2026 from 01.01.2026 to 30.06.2026 Q2 2025 from 01.04.2025 to 30.06.2025 H1 2025 from 01.01.2025 to 30.06.2025 Debt instruments measured at fair value through other comprehensive income 4,539 4,539 39 (655) Loans and advances to customers measured at fair value through profit or loss (1,667) (498) (635) (2,315) Total result on investment activities 2,872 4,041 (596) (2,970) In H1 2026 and in H1 2025, the Group did not change the classification of financial assets measured at amortised cost to financial assets measured at fair value through other comprehensive income. 12. NET ALLOWANCES FOR EXPECTED CREDIT LOSSES ON FINANCIAL ASSETS AND PROVISIONS FOR CONTINGENT LIABILITIES Net allowances for expected credit losses on financial assets and provisions for contingent liabilities H1 2026 from 01.01.2026 to 30.06.2026 Stage 1 Stage 2 Stage 3 POCI Total Amounts due from banks 276 767 - - 1,043 Loans and advances to customers measured at amortised cost (44,493) (24,982) (45,049) (25,320) (139,844) Contingent commitments granted 6,722 (7,371) (3,510) 44 (4,115) Securities measured at amortised cost (93) - - - (93) Total net allowances for expected credit losses on financial assets and provisions for contingent liabilities (37,588) (31,586) (48,559) (25,276) (143,009) Net allowances for expected credit losses on financial assets and provisions for contingent liabilities H1 2025 from 01.01.2025 to 30.06.2025 Stage 1 Stage 2 Stage 3 POCI Total Amounts due from banks (239) (1,385) - - (1,624) Loans and advances to customers measured at amortised cost 12,146 65,455 (75,910) (92) 1,599 Contingent commitments granted (8,783) 6,496 (6,655) (16) (8,958) Securities measured at amortised cost (21) - - - (21) Total net allowances for expected credit losses on financial assets and provisions for contingent liabilities 3,103 70,566 (82,565) (108) (9,004) Judgments and estimates regarding material items are described in Note 7a Impairment of financial assets.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 33 13. GENERAL ADMINISTRATIVE COSTS General administrative costs Q2 2026 from 01.04.2026 to 30.06.2026 H1 2026 from 01.01.2026 to 30.06.2026 Q2 2025 from 01.04.2025 to 30.06.2025 H1 2025 from 01.01.2025 to 30.06.2025 Personnel expenses (414,043) (823,233) (407,353) (808,785) Marketing (34,354) (68,239) (33,826) (60,514) IT and telecom expenses (87,818) (174,458) (81,123) (152,655) Short-term leases and operation (22,992) (46,034) (22,149) (45,387) Other non-personnel expenses (24,440) (60,080) (32,892) (63,246) Outsourced services from other contracts and consulting (82,861) (140,335) (35,029) (115,206) Business travel (4,333) (7,067) (4,542) (7,232) Vehicle operating fees (7,113) (14,541) (6,891) (13,972) ATM and cash handling expenses (8,422) (16,205) (7,871) (15,546) Costs of outsourcing services related to leasing operations (344) (344) (455) (733) Court and notary fees (11,771) (21,167) (15,300) (24,746) Bank Guarantee Fund fee - (238,907) (10,063) (176,482) Cost of PFSA supervision (745) (20,404) (586) (22,422) Total general administrative costs (699,236) (1,631,014) (658,080) (1,506,926) Total costs of legal services covering litigation concerning CHF loans stood at PLN 28,060 thousand in H1 2026 (PLN 26,489 thousand in H1 2025 and were recognised under Outsourced services from other contracts and consulting at PLN 8,624 thousand in H1 2026 (PLN 2,119 thousand in H1 2025) and Other non-personnel expenses at PLN 19,436 thousand in H1 2026 (PLN 24,370 thousand in H1 2025). 14. DEPRECIATION AND AMORTISATION Depreciation and amortisation Q2 2026 from 01.04.2026 to 30.06.2026 H1 2026 from 01.01.2026 to 30.06.2026 Q2 2025 from 01.04.2025 to 30.06.2025 H1 2025 from 01.01.2025 to 30.06.2025 Property, plant and equipment (51,015) (107,126) (51,582) (103,292) Intangible assets (78,112) (150,119) (76,756) (152,462) Total depreciation and amortisation (129,127) (257,245) (128,338) (255,754)
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 34 15. OTHER OPERATING INCOME Other operating income Q2 2026 from 01.04.2026 to 30.06.2026 H1 2026 from 01.01.2026 to 30.06.2026 Q2 2025 from 01.04.2025 to 30.06.2025 H1 2025 from 01.01.2025 to 30.06.2025 Sale or liquidation of property, plant and equipment and intangible assets 1,628 13,090 11,807 31,613 Release of allowances on other receivables 18,650 36,411 897 2,229 Gains on sale of goods and services 6,140 13,566 8,844 14,233 Reduction of provisions for litigation and claims and other liabilities 7,881 11,366 11,288 73,474 Recovery of debt enforcement costs 5,452 7,868 5,749 10,334 Income from leasing operations 13,852 28,745 11,648 28,564 Other operating income 57,133 75,825 19,188 39,753 Total other operating income 110,736 186,871 69,421 200,200 In H1 2026, Other operating income included incidental income from the release of provisions for unauthorised transactions at PLN 7 million and income from IT services at PLN 20 million (PLN 19 million in H1 2025). In H1 2026, Reduction of provisions for litigation and claims and other liabilities included income from the release of provisions for legal risk of relations with the Bank’s Partners and provisions for potential litigation concerning cancellation of loan agreements at PLN 1 million (PLN 34 million in H1 2025) and from the release of allowances on other receivables at PLN 10 million (PLN 37 million in H1 2025). The Bank presents income and expenses from the release of provisions separately, i.e., the release of provisions is presented under other operating income while the payment or settlement of the receivables covered by the provisions is presented under other operating expenses. 16. OTHER OPERATING EXPENSES Other operating expenses Q2 2026 from 01.04.2026 to 30.06.2026 H1 2026 from 01.01.2026 to 30.06.2026 Q2 2025 from 01.04.2025 to 30.06.2025 H1 2025 from 01.01.2025 to 30.06.2025 Cost of sale or liquidation of property, plant and equipment and intangible assets (1,125) (8,484) (4,414) (7,914) Impairment allowances on other receivables (18,798) (37,457) (1,510) (2,657) Provisions for litigation and claims and other liabilities (20,452) (28,262) (17,506) (33,962) Debt enforcement (6,003) (12,344) (9,106) (17,829) Donations made (8,427) (9,239) (1,862) (7,538) Costs of leasing operations (9,834) (22,460) (7,521) (21,067) Other operating expenses (47,790) (86,210) (56,896) (120,944) Total other operating expenses (112,429) (204,456) (98,815) (211,911) In H1 2026, Other operating expenses included incidental expenses on provisions for unauthorised transactions at PLN 17 million (PLN 49 million in H1 2025), costs of settlements and enforcement of court judgments paid to the Bank’s Partners at PLN 13 million (PLN 34 million in H1 2025) and costs of IT services at PLN 18 million (PLN 18 million in H1 2025). The Bank presents income and expenses from the release of provisions separately, i.e., the release of provisions is presented under other operating income while the payment or settlement of the receivables covered by the provisions is presented under other operating expenses.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 35 17. INCOME TAX EXPENSE Q2 2026 from 01.04.2026 to 30.06.2026 H1 2026 from 01.01.2026 to 30.06.2026 Q2 2025 from 01.04.2025 to 30.06.2025 H1 2025 from 01.01.2025 to 30.06.2025 Current income tax (327,656) (556,918) (246,302) (375,565) Deferred income tax (51,930) (79,406) (1,181) (78,595) Total income tax expense (379,586) (636,324) (247,483) (454,160) Profit before income tax 979,408 1,611,490 981,329 1,929,454 Effective tax rate 39% 39% 25% 24% Income taxes on gross profit (293,061) (480,320) (186,453) (366,596) Permanent differences, including: (86,525) (156,004) (61,030) (87,564) Receivables written off 1,272 (3,271) (4,707) (5,029) Representation expenses (495) (835) (389) (612) PFRON (728) (1,561) (584) (1,105) Prudential fee to the Bank Guarantee Fund - (71,672) (1,912) (33,532) Tax on financial institutions (28,660) (59,065) (18,112) (37,386) Research and development relief - 22,855 1,418 13,674 Provision for claims related to CHF loans (35,065) (52,363) (25,751) (20,028) Legal risk provisions 1,159 1,404 896 5,595 Other differences (24,008) 8,504 (11,889) (9,141) Total income tax expense (379,586) (636,324) (247,483) (454,160) As a result of changes in tax rates for banks, current tax was calculated using a 30% rate and deferred income tax was measured in accordance with IAS12.47 at the tax rates expected to apply when the asset is realised or the liability is settled. The subsidiaries used a 19% rate according to the applicable regulations. 18. EARNINGS PER SHARE H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Basic Net profit 975,166 1,475,294 Weighted average number of ordinary shares (#) 147,914,706 148,796,900 Basic earnings (loss) per share (in PLN per share) 6.59 9.91 Diluted Net profit used in determining diluted earnings per share 975,166 1,475,294 Weighted average number of ordinary shares (#) 147,914,706 148,796,900 Adjustments for: - stock options 128,843 103,437 Weighted average number of ordinary shares for the diluted earnings per share (#) 148,043,549 148,900,337 Diluted earnings (loss) per share (in PLN per share) 6.59 9.91
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 36 In accordance with IAS 33, the Bank prepares the calculation of diluted net profit per share, taking into account the shares issued conditionally under incentive schemes described in Note 39. The calculation does not take into account those elements of the incentive schemes which had antidilutive effect in the presented reporting periods and which may potentially cause dilution of profit per share in the future. The basic earnings per share are calculated by dividing the net profit by the weighted average number of ordinary shares duri ng the period. The diluted earnings per share are calculated based on the ratio of net profit to the weighted average number of ordinary sha res adjusted as if all potential dilutive ordinary shares had been converted to shares. The Bank has one category of dilutive pot ential ordinary shares: stock options. Dilutive shares are calculated as the number of shares that would be issued if all stock opti ons were exercised at the market price determined as the average annual closing price of the Bank’s shares. 19. CASH AND BALANCES AT CENTRAL BANK Cash and cash equivalents 30.06.2026 31.12.2025 Cash and other balances 2,210,965 2,541,539 Account in the National Bank of Poland 7,347,448 7,683,669 Gross cash and cash equivalents 9,558,413 10,225,208 Allowance for expected credit losses (327) (342) Total cash and cash equivalents 9,558,086 10,224,866 Change in allowance for expected credit losses on receivables on funds at the Central Bank H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Opening balance (342) (398) Changes resulting from changes in credit risk (net) 15 174 Closing balance (327) (224) 20. AMOUNTS DUE FROM BANKS 30.06.2026 Stage 1 Stage 2 Stage 3 Total Gross amounts due from banks 6,539,670 15,706 9 6,555,385 Current accounts 5,945,036 14,243 - 5,959,279 Interbank deposits 114,861 - - 114,861 Loans and advances - - 9 9 Other receivables 479,773 1,463 - 481,236 Allowances due to expected credit loss from banks (307) (664) (4) (975) Current accounts (290) (661) - (951) Interbank deposits (5) - - (5) Loans and advances - - (4) (4) Other receivables (12) (3) - (15) Total net amounts due from banks 6,539,363 15,042 5 6,554,410
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 37 31.12.2025 Stage 1 Stage 2 Stage 3 Total Gross amounts due from banks 11,586,494 32,002 9 11,618,505 Current accounts 10,986,948 18,926 - 11,005,874 Interbank deposits 108,115 5,189 - 113,304 Loans and advances - - 9 9 Other receivables 491,431 7,887 - 499,318 Allowances due to expected credit loss from banks (558) (1,377) (4) (1,939) Current accounts (510) (926) - (1,436) Loans and advances - - (4) (4) Other receivables (45) (442) - (487) Total net amounts due from banks 11,585,936 30,625 5 11,616,566 Other receivables as at 30 June 2026 include receivables from cash collateral for derivatives in the gross amount of PLN 470,718 thousand (PLN 496,464 thousand as at 31 December 2025). Change in allowance due to expected credit losses on receivables from banks Stage 1 Stage 2 Stage 3 Total As at 1 January 2026 (558) (1,377) (4) (1,939) Increases due to acquisition or origination (624) (78) - (702) Decreases due to derecognition 1,048 1 - 1,049 Changes resulting from changes in credit risk (net) (163) 845 - 682 Other changes (including foreign exchange differences) (10) (55) - (65) As at 30 June 2026 (307) (664) (4) (975) Change in allowance due to expected credit losses on receivables from banks Stage 1 Stage 2 Stage 3 Total As at 1 January 2025 (527) - - (527) Increases due to acquisition or origination (1,547) (1,840) - (3,387) Decreases due to derecognition 918 841 - 1,759 Changes resulting from changes in credit risk (net) 216 (386) - (170) Other changes (including foreign exchange differences) 68 90 - 158 As at 30 June 2025 (872) (1,295) - (2,167)
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 38 21. DERIVATIVE FINANCIAL INSTRUMENTS Trading derivatives Nominal value Fair value Fair value 30.06.2026 Assets Liabilities Currency derivatives Foreign Exchange Forward (FX Forward + NDF) 13,169,381 53,529 738,943 Currency Swap (FX Swap) 25,596,483 976,497 433,434 Currency Interest Rate Swaps (CIRS) 3,027,478 12,972 17,122 OTC currency options 12,170,177 53,000 79,385 Total currency derivatives 53,963,519 1,095,998 1,268,884 Interest rate derivatives Interest Rate Swap 82,467,946 526,035 407,228 OTC interest rate options 6,644,056 20,236 20,504 Total interest rate derivatives 89,112,002 546,271 427,732 Other derivatives OTC Commodity Swap 1,883,221 54,633 52,159 Currency Spot (FX Spot) 1,479,938 - - Total other derivatives 3,363,159 54,633 52,159 Total trading derivatives 146,438,680 1,696,902 1,748,775 including: measured using models 146,438,680 1,696,902 1,748,775 Trading derivatives Nominal value Fair value Fair value 31.12.2025 Assets Liabilities Currency derivatives Foreign Exchange Forward (FX Forward + NDF) 11,962,084 47,570 1,014,109 Currency Swap (FX Swap) 25,534,449 1,497,304 522,909 Currency Interest Rate Swaps (CIRS) 3,316,143 32,398 20,391 OTC currency options 6,660,552 15,756 60,721 Total currency derivatives 47,473,228 1,593,028 1,618,130 Interest rate derivatives Interest Rate Swap 73,501,096 696,265 589,009 FRA 845,340 - 312 OTC interest rate options 6,876,181 17,702 18,482 Total interest rate derivatives 81,222,617 713,967 607,803 Other derivatives OTC Commodity Swap 1,313,706 52,465 50,642 Currency Spot (FX Spot) 1,890,734 - - Total other derivatives 3,204,440 52,465 50,642 Total trading derivatives 131,900,285 2,359,460 2,276,575 including: measured using models 131,900,285 2,359,460 2,276,575
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 39 22. HEDGE ACCOUNTING Fair value hedge As at 30 June 2026, the Group used fair value hedge (macro fair value hedge). Hedging relationship description The hedges are used against interest rate risk, specifically changes in the fair value of fixed -rate assets and liabilities resulting from changes in a specific reference rate. Hedged items Fixed-rate PLN, EUR and USD current accounts are the hedged items. Hedging instruments Hedging instruments include standard IRS transactions, i.e. plain vanilla IRS in PLN, EUR and USD, in which the Bank receives a fixed interest rate and pays a floating rate based on WIBOR 6M, WIBOR 3M, EURIBOR 6M, EURIBOR 3M, EUR ESTR, USD SOFR. Hedged position Nominal value Fair value Assets Liabilities 30.06.2026 29,803,719 - 29,895,429 31.12.2025 21,392,032 - 21,472,628 IRS Nominal value Fair value Assets Liabilities 30.06.2026 29,803,719 228,498 291,077 31.12.2025 21,392,032 230,410 321,095 Presentation of result on the hedged and hedging transactions The change in fair value of hedging instruments is recognised in the Result on hedge accounting. Interest on IRS transactions and current accounts is recognised in Interest income. The liabilities in the item “ Adjustment of the fair value of hedged and hedging positions ” include the adjustment of the value of hedged instruments (deposits) amounting to: 30.06.2026 ‑PLN 123,703 thousand 31.12.2025 ‑PLN 158,096 thousand and the difference in valuation to fair value of hedged items for which the hedging relationship was terminated during its te rm, amounting to: 30.06.2026 PLN 0 thousand 31.12.2025 ‑PLN 7,357 thousand
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 40 The table below presents derivative hedging instruments at their nominal value by residual maturity dates as at 30 June 2026 and 31 December 2025: 30.06.2026 Hedging derivatives Fair value Nominal value positive negative < 1 month 1-3 months 3 months-1 year 1-5 years > 5 years Total Interest rate contracts Swap (IRS) 228,498 291,077 1,589,631 2,064,070 5,248,548 14,493,692 6,407,778 29,803,719 Hedging derivatives - total 228,498 291,077 1,589,631 2,064,070 5,248,548 14,493,692 6,407,778 29,803,719 31.12.2025 Hedging derivatives Fair value Nominal value positive negative < 1 month 1-3 months 3 months-1 year 1-5 years > 5 years Total Interest rate contracts Swap (IRS) 230,410 321,095 2,924,039 1,919,216 3,980,430 7,161,408 5,406,939 21,392,032 Hedging derivatives - total 230,410 321,095 2,924,039 1,919,216 3,980,430 7,161,408 5,406,939 21,392,032 In H1 2026 and 2025, the hedging relationships presented proved effective. Additionally, the Group applies micro fair value hedge accounting as at 30 June 2026. Hedging relationship description The hedges are used against interest rate risk, specifically changes in the fair value of fixed -rate assets and liabilities resulting from changes in a specific reference rate. Hedged items The hedged items are: fixed coupon bonds in EUR and USD. Hedging instruments Hedging instruments are the standard IRS transactions, i.e. plain vanilla IRS, denominated in EUR and USD, in which the Bank pays a fixed interest rate and receives a floating rate based on EURIBOR 3M, EUR ESTR and USD SOFR. Hedged position Nominal value Fair value Assets Liabilities 30.06.2026 15,086,137 15,143,850 - 31.12.2025 12,326,873 12,447,552 - IRS Nominal value Fair value Assets Liabilities 30.06.2026 15,086,137 121,263 67,945 31.12.2025 12,326,873 68,402 99,700 Presentation of result on the hedged and hedging transactions The change in fair value of hedging transactions is recognised in the Result on hedge accounting. Interest on IRS transactions and hedged items is recognised in Interest income.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 41 The table below presents derivative hedging instruments at their nominal value by residual maturity dates as at 30 June 2026 and 31 December 2025: 30.06.2026 Hedging derivatives Fair value Nominal value positive negative < 1 month 1-3 months 3 months-1 year 1-5 years > 5 years Total Interest rate contracts Swap (IRS) 121,263 67,945 - - 1,015,570 6,370,541 7,700,026 15,086,137 Hedging derivatives - total 121,263 67,945 - - 1,015,570 6,370,541 7,700,026 15,086,137 31.12.2025 Hedging derivatives Fair value Nominal value positive negative < 1 month 1-3 months 3 months-1 year 1-5 years > 5 years Total Interest rate contracts Swap (IRS) 68,402 99,700 - 180,080 92,987 5,629,378 6,424,427 12,326,872 Hedging derivatives - total 68,402 99,700 - 180,080 92,987 5,629,378 6,424,427 12,326,872 Amounts recognised in the statement of profit or loss under fair value hedge accounting. H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Interest income on hedging derivative instruments 395,152 367,538 Interest expense on hedging derivative instruments (460,475) (446,520) Interest expense on amortisation of the hedged position in fair value hedge accounting (7,357) (52,420) Change in fair value of hedging transactions recognised in the Result on hedge accounting, including: 8,106 (2,735) change in fair value of hedging instruments 158,141 139,947 change in fair value of hedged instruments (150,035) (142,682) In H1 2026 and 2025, the hedging relationships presented proved effective.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 42 Cash flow hedging Additionally, the Group applies cash flow hedge accounting as at 30 June 2026. Hedging relationship description The hedges are used against interest rate risk, specifically no changes in the interest cash flows on the hedged item, resulting from the changes in a specific reference rate. Hedged items The hedged items are: Floating rate bonds WZ1131 and WZ0330. Hedging instruments Hedging instruments include standard IRS transactions, i.e. plain vanilla IRS in PLN in which the Bank receives a fixed rate and pays a floating rate based on WIBOR 6M. Hedged position Nominal value Fair value Assets Liabilities 30.06.2026 1,325,000 1,288,658 - 31.12.2025 1,325,000 1,291,131 - IRS Nominal value Fair value Assets Liabilities 30.06.2026 1,325,000 23,247 58,545 31.12.2025 1,325,000 46,738 64,745 Presentation of result on the hedged and hedging transactions The change in fair value of derivative hedging instruments designated as hedging of cash flows is recognised directly in the Revaluation reserve in the part constituting the effective part of the hedge. The ineffective part of the hedge is recognised in the statement of profit or loss under Result on hedge accounting. The table below presents derivative hedging instruments at their nominal value by residual maturity dates as at 30 June 2026 and 31 December 2025: 30.06.2026 Hedging derivatives Fair value Nominal value positive negative < 1 month 1-3 months 3 months-1 year 1-5 years > 5 years Total Interest rate contracts Swap (IRS) 23,247 58,545 - - - 700,000 625,000 1,325,000 Hedging derivatives - total 23,247 58,545 - - - 700,000 625,000 1,325,000
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 43 31.12.2025 Hedging derivatives Fair value Nominal value positive negative < 1 month 1-3 months 3 months-1 year 1-5 years > 5 years Total Interest rate contracts Swap (IRS) 46,738 64,745 - - - 700,000 625,000 1,325,000 Hedging derivatives - total 46,738 64,745 - - - 700,000 625,000 1,325,000 Amounts recognised in the statement of profit or loss under cash flow hedge accounting. H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Interest income on hedging derivative instruments 22,481 16,459 Interest expense on hedging derivative instruments (27,334) (30,381) Change in fair value of hedging transactions recognised in the Result on hedge accounting, including: 43 (94) change in fair value of hedging instruments 43 (94) Changes in revaluation reserve due to valuation of derivative hedging instruments in cash flow hedge accounting. H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Opening balance (33,980) (112,125) Hedging gains or losses recognised in other comprehensive income during the reporting period (7,537) 45,937 Closing balance (41,517) (66,188) In H1 2026 and 2025, the hedging relationships presented proved effective. The adjustment of the fair value of the hedged and hedging positions includes the items presented in the table below: 30.06.2026 31.12.2025 Adjustment of the fair value of the hedged and hedging positions Assets Liabilities Assets Liabilities Hedging positions: 373,008 417,567 345,550 485,540 Derivatives designated as fair value hedge – IRS 349,761 359,022 298,812 420,795 Derivatives designated as cash flow hedge – IRS 23,247 58,545 46,738 64,745 Hedged positions: - (123,703) - (165,453) Hedged instruments value adjustment – active relationships - (123,703) - (158,096) deposits - (123,703) - (158,096) Difference in value to hedged position fair value – terminated relationships - - - (7,357) Closing balance 373,008 293,864 345,550 320,087
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 44 23. LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST 30.06.2026 Loans and advances to customers measured at amortised cost Gross balance sheet value Allowance Net balance sheet value Loans and advances for Non-bank financial entities 4,928,565 (63,564) 4,865,001 overdraft 3,282,937 (18,635) 3,264,302 investment loans 1,253,444 (44,473) 1,208,971 other loans 392,184 (456) 391,728 Retail customers 35,427,123 (649,364) 34,777,759 mortgage loans 21,691,443 (200,909) 21,490,534 other loans 13,735,680 (448,455) 13,287,225 Corporate customers 50,132,782 (1,540,881) 48,591,901 overdraft 22,454,174 (715,939) 21,738,235 investment loans 20,247,367 (644,105) 19,603,262 other loans 7,431,241 (180,837) 7,250,404 including individual farmers 7,257,062 (246,039) 7,011,023 overdraft 4,603,109 (135,763) 4,467,346 investment loans 2,643,726 (109,195) 2,534,531 other loans 10,227 (1,081) 9,146 Public sector entities 358,358 (2,460) 355,898 overdraft 163,200 (1,886) 161,314 investment loans 195,158 (574) 194,584 Lease receivables 6,239,046 (127,776) 6,111,270 Total loans and advances to customers measured at amortised cost 97,085,874 (2,384,045) 94,701,829
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 45 31.12.2025 Loans and advances to customers measured at amortised cost Gross balance sheet value Allowance Net balance sheet value Loans and advances for Non-bank financial entities 3,480,807 (48,348) 3,432,459 overdraft 2,995,749 (13,007) 2,982,742 investment loans 183,203 (34,858) 148,345 other loans 301,855 (483) 301,372 Retail customers 34,428,276 (668,459) 33,759,817 mortgage loans 21,335,075 (225,837) 21,109,238 other loans 13,093,201 (442,622) 12,650,579 Corporate customers 48,797,028 (1,479,602) 47,317,426 overdraft 21,807,021 (696,606) 21,110,415 investment loans 19,656,273 (593,366) 19,062,907 other loans 7,333,734 (189,630) 7,144,104 including individual farmers 7,296,966 (249,325) 7,047,641 overdraft 4,712,173 (139,978) 4,572,195 investment loans 2,572,536 (108,173) 2,464,363 other loans 12,257 (1,174) 11,083 Public sector entities 218,025 (984) 217,041 overdraft 170,374 (861) 169,513 investment loans 30,750 (104) 30,646 other loans 16,901 (19) 16,882 Lease receivables 6,282,940 (122,005) 6,160,935 Total loans and advances to customers measured at amortised cost 93,207,076 (2,319,398) 90,887,678
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 46 Net loans and advances to customers by Stage 30.06.2026 Stage 1 Stage 2 Stage 3 POCI Total Gross loans and advances to customers measured at amortised cost 84,868,227 9,656,897 2,432,297 128,453 97,085,874 Non-bank financial entities 4,681,175 244,427 2,489 474 4,928,565 Retail customers 33,034,083 1,735,405 627,973 29,662 35,427,123 Corporate customers 41,859,132 6,538,514 1,636,819 98,317 50,132,782 including individual farmers 6,367,559 630,203 245,025 14,275 7,257,062 Public sector entities 336,866 21,492 - - 358,358 Lease receivables 4,956,971 1,117,059 165,016 - 6,239,046 Allowances for expected credit losses on loans and advances for (383,729) (600,036) (1,384,777) (15,503) (2,384,045) Non-bank financial entities (14,390) (47,010) (2,018) (146) (63,564) Retail customers (91,254) (125,834) (429,606) (2,670) (649,364) Corporate customers (263,650) (375,525) (889,019) (12,687) (1,540,881) including individual farmers (72,230) (30,738) (140,643) (2,428) (246,039) Public sector entities (737) (1,723) - - (2,460) Lease receivables (13,698) (49,944) (64,134) - (127,776) Total net loans and advances to customers measured at amortised cost 84,484,498 9,056,861 1,047,520 112,950 94,701,829 31.12.2025 Stage 1 Stage 2 Stage 3 POCI Total Gross loans and advances to customers measured at amortised cost 82,011,964 8,563,065 2,515,977 116,070 93,207,076 Non-bank financial entities 3,268,261 209,454 2,582 510 3,480,807 Retail customers 31,963,611 1,787,990 645,479 31,196 34,428,276 Corporate customers 41,544,071 5,507,863 1,660,730 84,364 48,797,028 including individual farmers 6,398,264 626,899 256,424 15,379 7,296,966 Public sector entities 212,950 5,075 - - 218,025 Lease receivables 5,023,071 1,052,683 207,186 - 6,282,940 Allowances for expected credit losses on loans and advances for (338,496) (574,083) (1,393,442) (13,377) (2,319,398) Non-bank financial entities (9,496) (36,526) (2,148) (178) (48,348) Retail customers (91,122) (128,304) (446,511) (2,522) (668,459) Corporate customers (223,790) (363,785) (881,350) (10,677) (1,479,602) including individual farmers (69,293) (34,228) (143,642) (2,162) (249,325) Public sector entities (776) (208) - - (984) Lease receivables (13,312) (45,260) (63,433) - (122,005) Total net loans and advances to customers measured at amortised cost 81,673,468 7,988,982 1,122,535 102,693 90,887,678
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 47 30.06.2026 Stage 2 Stage 3 Total Gross POCI loans and advances to customers measured at amortised cost 27,117 101,336 128,453 Non-bank financial entities 3 471 474 Retail customers 19,073 10,589 29,662 Corporate customers 8,041 90,276 98,317 including individual farmers 1,369 12,906 14,275 Allowances for expected credit losses on loans and advances for (65) (15,438) (15,503) Non-bank financial entities - (146) (146) Retail customers (31) (2,639) (2,670) Corporate customers (34) (12,653) (12,687) including individual farmers - (2,428) (2,428) Total net POCI loans and advances to customers measured at amortised cost 27,052 85,898 112,950 31.12.2025 Stage 2 Stage 3 Total Gross POCI loans and advances to customers measured at amortised cost 30,352 85,718 116,070 Non-bank financial entities 3 507 510 Retail customers 20,911 10,285 31,196 Corporate customers 9,438 74,926 84,364 including individual farmers 3,428 11,951 15,379 Allowances for expected credit losses on loans and advances for (94) (13,283) (13,377) Non-bank financial entities - (178) (178) Retail customers (48) (2,474) (2,522) Corporate customers (46) (10,631) (10,677) including individual farmers - (2,162) (2,162) Total net POCI loans and advances to customers measured at amortised cost 30,258 72,435 102,693 Allowance for expected credit losses on loans and advances measured at amortised cost Change in allowances for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total As at 1 January 2026 (338,496) (574,083) (1,393,442) (13,377) (2,319,398) Increase due to acquisition or origination (79,471) (63,676) (42,875) - (186,022) Decrease due to derecognition 25,777 13,765 70,990 136 110,668 Changes resulting from changes in credit risk (net) 9,540 22,238 (160,627) (3,415) (132,264) Use of allowances (50) 3,063 151,877 1,153 156,043 Other changes (including foreign exchange differences) (1,029) (1,343) (10,700) - (13,072) As at 30 June 2026 (383,729) (600,036) (1,384,777) (15,503) (2,384,045)
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 48 Change in allowances for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total As at 1 January 2025 (355,893) (565,099) (1,510,780) (26,472) (2,458,244) Increase due to acquisition or origination (84,112) (53,164) (53,005) - (190,281) Decrease due to derecognition 38,188 22,493 83,147 1,541 145,369 Changes resulting from changes in credit risk (net) 61,777 97,387 (178,846) 2,043 (17,639) Use of allowances - 39 207,814 4,641 212,494 Other changes (including foreign exchange differences) 400 3,289 7,870 45 11,604 As at 30 June 2025 (339,640) (495,055) (1,443,800) (18,202) (2,296,697) Gross amount of foreign currency mortgage loans for retail customers (in PLN’000) Loans by currency 30.06.2026 31.12.2025 CHF 192,585 254,276 EUR 17,122 18,334 PLN 21,481,647 21,062,351 USD 89 114 Total 21,691,443 21,335,075 30.06.2026 Value of loan portfolio including CHF Gross balance sheet value including CHF exposures Allowance including CHF exposures Loans and advances for Non-bank financial entities 4,928,565 - (63,564) - overdraft 3,282,937 - (18,635) - investment loans 1,253,444 - (44,473) - other loans 392,184 - (456) - Retail customers 35,427,123 195,593 (649,364) (80,642) mortgage loans 21,691,443 192,585 (200,909) (78,369) other loans 13,735,680 3,008 (448,455) (2,273) Corporate customers 50,132,782 17,472 (1,540,881) (8,424) overdraft 22,454,174 10,858 (715,939) (1,992) investment loans 20,247,367 6,614 (644,105) (6,432) other loans 7,431,241 - (180,837) - including individual farmers 7,257,062 - (246,039) - overdraft 4,603,109 - (135,763) - investment loans 2,643,726 - (109,195) - other loans 10,227 - (1,081) - Public sector entities 358,358 - (2,460) - overdraft 163,200 - (1,886) - investment loans 195,158 - (574) - Lease receivables 6,239,046 5,040 (127,776) (1,851) Total loans and advances 97,085,874 218,105 (2,384,045) (90,917)
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 49 31.12.2025 Value of loan portfolio including CHF Gross balance sheet value including CHF exposures Allowance including CHF exposures Loans and advances for Non-bank financial entities 3,480,807 369 (48,348) - overdraft 2,995,749 369 (13,007) - investment loans 183,203 - (34,858) - other loans 301,855 - (483) - Retail customers 34,428,276 257,392 (668,459) (101,869) mortgage loans 21,335,075 254,276 (225,837) (99,747) other loans 13,093,201 3,116 (442,622) (2,122) Corporate customers 48,797,028 18,229 (1,479,602) (8,353) overdraft 21,807,021 11,771 (696,606) (2,063) investment loans 19,656,273 6,458 (593,366) (6,290) other loans 7,333,734 - (189,630) - including individual farmers 7,296,966 44 (249,325) (2) overdraft 4,712,173 44 (139,978) (2) investment loans 2,572,536 - (108,173) - other loans 12,257 - (1,174) - Public sector entities 218,025 - (984) - overdraft 170,374 - (861) - investment loans 30,750 - (104) - other loans 16,901 - (19) - Lease receivables 6,282,940 4,696 (122,005) (1,264) Total loans and advances 93,207,076 280,686 (2,319,398) (111,486) 24. LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS 30.06.2026 31.12.2025 Subsidised loans 219,807 286,183 Total loans and advances to customers measured at fair value through profit or loss 219,807 286,183 The table below presents a comparison of the fair value of subsidised loans with their gross balance sheet value, which would have been recognised if the Group - in accordance with the requirements of IFRS 9 - did not measure these portfolios to fair value through profit or loss. Gross balance sheet value Fair value 30.06.2026 286,401 219,807 31.12.2025 352,481 286,183
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 50 Subsidised loans measured at fair value Stage 1 Stage 2 Stage 3 Total 30.06.2026 173,310 38,861 7,636 219,807 31.12.2025 225,234 51,044 9,905 286,183 25. SECURITIES MEASURED AS AMORTISED COST 30.06.2026 Securities Gross balance sheet value Allowance Net balance sheet value issued by other financial institutions 9,079,257 (25) 9,079,232 issued by governments – Treasury bonds 28,488,252 (152) 28,488,100 issued by non-financial entities – bonds 8,205 (4,226) 3,979 issued by local governments – municipal bonds 19,075 (24) 19,051 Total securities measured at amortised cost 37,594,789 (4,427) 37,590,362 31.12.2025 Securities Gross balance sheet value Allowance Net balance sheet value issued by other financial institutions 8,319,932 (23) 8,319,909 issued by governments – Treasury bonds 27,833,873 (150) 27,833,723 issued by non-financial entities – bonds 8,155 (4,217) 3,938 issued by local governments – municipal bonds 23,100 (44) 23,056 Total securities measured at amortised cost 36,185,060 (4,434) 36,180,626 30.06.2026 Stage 1 Stage 2 Stage 3 Total Securities 37,590,634 - 4,155 37,594,789 issued by other financial institutions 9,079,257 - - 9,079,257 issued by governments – Treasury bonds 28,488,252 - - 28,488,252 issued by non-financial entities – bonds 4,050 - 4,155 8,205 issued by local governments – municipal bonds 19,075 - - 19,075 Impairment allowances on securities: (272) - (4,155) (4,427) issued by other financial institutions (25) - - (25) issued by governments – Treasury bonds (152) - - (152) issued by non-financial entities – bonds (71) - (4,155) (4,226) issued by local governments – municipal bonds (24) - - (24) Total net securities measured at amortised cost 37,590,362 - - 37,590,362
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 51 31.12.2025 Stage 1 Stage 2 Stage 3 Total Securities 36,180,905 - 4,155 36,185,060 issued by other financial institutions 8,319,932 - - 8,319,932 issued by governments – Treasury bonds 27,833,873 - - 27,833,873 issued by non-financial entities – bonds 4,000 - 4,155 8,155 issued by local governments – municipal bonds 23,100 - - 23,100 Impairment allowances on securities: (279) - (4,155) (4,434) issued by other financial institutions (23) - - (23) issued by governments – Treasury bonds (150) - - (150) issued by non-financial entities – bonds (62) - (4,155) (4,217) issued by local governments – municipal bonds (44) - - (44) Total net securities measured at amortised cost 36,180,626 - - 36,180,626 26. SECURITIES MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS Securities measured at fair value through profit or loss 30.06.2026 31.12.2025 Treasury bonds held for trading 177,063 - Bonds convertible for non-financial entities shares 56,129 68,767 Equity instruments 171,364 171,162 Fund shares 625 540 Certificates issued by non-financial entities 488 480 Total securities measured at fair value through profit or loss 405,669 240,949 27. SECURITIES MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME Securities 30.06.2026 31.12.2025 NBP bills 999,375 2,198,779 Treasury bonds issued by central governments 9,706,627 9,712,593 bonds issued by other financial institutions 15,511,447 12,808,430 Securities measured at fair value through other comprehensive income 26,217,449 24,719,802 The valuation of debt securities measured at fair value through other comprehensive income is performed using a discounted cash flow model based on current market interest rates, taking into account the issuer’s credit risk at a level consistent with parameters observed on the market for transactions with similar credit risk and time horizon. The valuation does not include assumptions that cannot be directly observed in the market.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 52 28. INTANGIBLE ASSETS Intangible assets 30.06.2026 31.12.2025 Licenses 661,357 680,718 Other intangible assets 99,747 104,628 Expenditure on intangible assets 145,671 179,113 Total intangible assets 906,775 964,459 In H1 2026, gross value of intangible assets acquired by the Group stood at PLN 92,675 thousand (in H1 2025: PLN 116,695 thousand). No intangible assets were sold or liquidated in H1 2026 (the net balance sheet value of intangible assets which were sold or liquidated stood at PLN 8,737 thousand in H1 2025). The Group identifies impairment triggers for intangible assets which are not transferred to utilisation yet, i.e. those under development, on an ongoing basis. Net allowances stood at PLN 1,496 thousand as at 30 June 2026 (PLN 1,496 thousand as at 31 December 2025). As at 30 June 2026, the Group had significant contractual obligations incurred in connection with the acquisition of intangib le assets in the amount of PLN 40,808 thousand (PLN 12,855 thousand as at 31 December 2025). 29. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment 30.06.2026 31.12.2025 Fixed assets, including: 382,048 405,254 land and buildings 59,768 65,245 IT equipment 159,865 170,612 office equipment 111,306 116,639 other, including leasehold improvements 51,109 52,758 Fixed assets under construction 18,463 38,268 Right of use, including: 488,497 504,470 land and buildings 460,847 475,347 motor vehicles 27,233 28,446 IT equipment 346 591 other, including leasehold improvements 71 86 Total property, plant and equipment 889,008 947,992 In H1 2026, gross value of property, plant and equipment acquired by the Group stood at PLN 21,660 thousand (in H1 2025: PLN 41,057 thousand) and the net balance sheet value of sold and liquidated property, plant and equipment was PLN 4,482 thousand (in H1 2025: PLN 4,545 thousand). As at 30 June 2026, the Group had significant contractual obligations incurred in connection with the acquisition of property, plant and equipment in the amount of PLN 27,878 thousand (PLN 990 thousand as at 31 December 2025). In Q1 2026, the Bank reviewed the classification of property, plant and equipment and as result of this analysis moved from other, including leasehold improvements PLN 82,344 thousand and IT equipment PLN 449 thousand to office equipment PLN 82,793 thousand as at 31 December 2025.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 53 30. LEASES Group as a lessee The Group is a contractual party of lease agreements related to such underlying assets as: ● property, ● vehicles, ● land, including perpetual usufruct right to land, ● cash deposit machines, ● equipment, ● IT equipment. The lease period of vehicles equals 1 to 5 years. Lease agreements contain extension options. In respect of vehicles, the Gro up also concludes leaseback agreements. The Group is also a party to real estate lease agreements. The contracts are concluded for a definite period of 1 to 30 years and for an indefinite period. The lease period is determined as the non -cancellable period of the lease together with periods in w hich there is an option to extend the lease, if exercising that option is sufficiently probable, and periods in which there is an option to terminate the lease, if exercising that option is sufficiently probable. When determining the non-cancellable lease period in the case of an agreement concluded for an indefinite period, the Bank takes into account, among other factors, the amortisation period of leasehold improvements related to the leased asset. The agreements provide for variable lease fees depending on an index (e.g. GUS, HICP). The Group has also land lease agreements concluded for an indefinite period, and perpetual usufruct rights for land received for the period of 40 to 99 years. Lease payments are indexed in accordance with the land management act. H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Costs of lease recognised in the statement of profit or loss (63,704) (65,908) cost of interest on lease liabilities (9,264) (10,538) cost of amortisation of right of use assets (53,590) (54,355) costs related to short-term leases (recognised as administrative costs) (850) (1,015) Undiscounted lease payments by maturity 30.06.2026 31.12.2025 up to 1 year 119,143 120,322 from 1 year to 5 years 369,899 373,805 over 5 years 130,920 143,146 Total 619,962 637,273 30.06.2026 31.12.2025 Book value of liabilities due to discounted lease fees 542,688 553,436
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 54 31. OTHER ASSETS Other assets: 30.06.2026 31.12.2025 Receivables from contracts with customers: sundry debtors 392,115 355,840 accrued income 93,865 79,942 payment card settlements 33,464 25,466 insurance settlements - 301 Other: interbank and intersystem settlements 114,357 304,470 deferred expenses 102,371 98,767 tax and other regulatory receivables 66,572 45,917 other lease receivables 108,307 105,394 other 64,255 75,136 Total other assets (gross) 975,306 1,091,233 Impairment allowances on other receivables from sundry debtors (40,286) (39,693) Total other assets (net) 935,020 1,051,540 including financial assets* 607,957 751,778 *Financial assets include all items of Other assets except: Accrued income, Deferred expenses, Tax and other regulatory receivables, Other 32. AMOUNTS DUE TO BANKS Amounts due to banks 30.06.2026 31.12.2025 Current accounts 774,385 508,339 Interbank deposits 20,156 36,257 Loans and advances received 8,243,397 8,235,097 Other liabilities 1,006,703 1,365,538 Total amounts due to banks 10,044,641 10,145,231 Other liabilities includes liabilities to banks from cash collateral in the gross amount of PLN 972,662 thousand (PLN 1,347,782 thousand as at 31 December 2025). In H1 2026 and in 2025, there were no breaches of contractual provisions and covenants related to the Bank’s financial positi on and disclosure obligations in financing agreements. As at 30 June 2026, there were no such covenants in the Bank’s financing agreements.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 55 33. AMOUNTS DUE TO CUSTOMERS Amounts due to customers 30.06.2026 31.12.2025 Non-bank financial entities 6,745,079 6,621,690 Current accounts 2,604,785 2,824,138 Term deposits 2,199,455 3,331,989 Loans and advances received - 450,612 Other liabilities 1,940,839 14,951 Retail customers 58,208,162 59,183,277 Current accounts 37,209,969 33,583,850 Term deposits 20,246,599 24,847,419 Other liabilities 751,594 752,008 Corporate customers 68,491,836 71,765,182 Current accounts 51,663,778 54,343,396 Term deposits 16,261,993 16,825,515 Other liabilities 566,065 596,271 including individual farmers 3,900,515 4,424,592 Current accounts 3,731,525 4,232,207 Term deposits 151,737 169,731 Other liabilities 17,253 22,654 Public sector institutions 7,992,181 3,768,687 Current accounts 2,811,021 3,444,256 Term deposits 2,234,118 321,246 Other liabilities 2,947,042 3,185 Total amounts due to customers 141,437,258 141,338,836 Other liabilities include liabilities in respect of sell-buy-back transactions in securities at PLN 4,880,258 thousand (PLN 0 as at 31 December 2025). 34. LIABILITIES UNDER ISSUED DEBT SECURITIES (INCLUDING SUBORDINATED ISSUES) 30.06.2026 31.12.2025 Debt securities 4,350,263 4,226,368 Change of liabilities under issued debt securities (including subordinated issues) H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Opening balance 4,226,368 - Debt securities issue - 678,704 Change due to discount, interest, fees and commissions on debt securities at effective interest rate, exchange differences 123,895 2,005 Closing balance 4,350,263 680,709
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 56 In June 2025, the Bank issued bonds in the total amount of EUR 160,000 thousand, which are subordinated liabilities as of August 2025. In October 2025, the Bank issued bonds in the total amount of EUR 630,000 thousand, which are subordinated liabilities as of November 2025. In December 2025, the Bank issued bonds under MREL requirements in the total amount of EUR 200 thousand. 35. SUBORDINATED LIABILITIES Subordinated liabilities 30.06.2026 31.12.2025 - - Change of subordinated liabilities H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Opening balance - 3,420,128 Repaid loans - - Change due to interest, fees and commissions at EIR - (3,406) FX differences - (3,635) Closing balance - 3,413,087 36. OTHER LIABILITIES Other liabilities 30.06.2026 31.12.2025 Liabilities due to contracts with customers Sundry creditors 374,456 258,230 Payment card settlements 170,740 205,228 Deferred income 69,099 85,752 Insurance settlements 25,044 24,418 Other liabilities Interbank and intersystem settlements 1,096,667 357,040 Provisions for non-personnel expenses 807,276 563,774 Provisions for other employee liabilities 183,724 281,604 Provision for unused holidays 39,095 38,612 Other regulatory liabilities 91,396 73,611 Other lease liabilities 113,505 40,839 Other 188,496 119,687 Total other liabilities 3,159,498 2,048,795 including financial liabilities* 1,780,412 885,755 *Financial liabilities include all items of Other liabilities except: Deferred income, Provisions for non -personnel expenses, Provisions for other employee liabilities, Provision for unused holidays, Other regulatory liabilities, Other.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 57 37. PROVISIONS 30.06.2026 31.12.2025 Provision for restructuring 11,532 20,897 Provision for retirement benefits and similar obligations 25,988 26,101 Expected credit losses on contingent liabilities 165,215 159,328 Provisions for litigation and claims 1,796,346 1,772,095 Other provisions 71,768 61,236 Total provisions 2,070,849 2,039,657 Change in restructuring provisions H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Opening balance 20,897 41,825 Provisions utilisation (9,365) (13,424) Closing balance 11,532 28,401 Change in provisions for retirement benefits and similar obligations H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Opening balance 26,101 24,841 Provisions recognition 1,634 2,297 Provisions utilisation (605) (524) Provisions release (1,142) - Closing balance 25,988 26,614 Change in expected credit losses on contingent liabilities H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Opening balance 159,328 156,861 Provisions recognition 78,718 61,371 Provisions release (75,751) (37,674) Changes resulting from changes in credit risk (net) 2,402 (8,663) Other changes 518 (1,121) Closing balance 165,215 170,774 Change in provisions for litigation and similar liabilities H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Opening balance 1,772,095 1,696,299 Provisions recognition 165,835 286,276 Provisions utilisation (182,466) (163,907) Provisions release (1,310) (6,966) Other changes, including foreign exchange differences 42,192 (2,156) Closing balance 1,796,346 1,809,546 As at 30 June 2026, the balance of provisions for litigation and similar liabilities consisted of the following: provisions f or litigation related to CHF mortgage loans in the amount of PLN 1,674,443 thousand, provisions for reimbursement of commissions for early repayment of loans in the amount of PLN 31,534 thousand, provisions for the CJEU judgment in a case concerning the possibility of charging interest on financing of non -interest loan costs with the loan (C-744/24) in the amount of PLN 42,800 thousand, and provisions for other litigation and similar liabilities in the amount of PLN 47,569 thousand.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 58 As at 31 December 2025, the balance of provisions for litigation and similar liabilities consisted of the following: provisio ns for litigation related to CHF mortgage loans in the amount of PLN 1,684,489 thousand, provisions for reimbursement of commissions for early repayment of loans in the amount of PLN 35,579 thousand, and provisions for other litigation and similar liabilitie s in the amount of PLN 52,028 thousand. Details are presented in Note 50 Litigation, claims and administrative proceedings. Change in other provisions H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Opening balance 61,236 49,554 Provisions recognition 18,214 48,998 Provisions utilisation (32) (10,152) Provisions release (7,650) (26,345) Closing balance 71,768 62,055 As at 30 June 2026, Other provisions included a provision for unauthorised transactions in the amount of PLN 65,794 thousand (PLN 55,794 thousand as at 31 December 2025). 38. CASH AND CASH EQUIVALENTS For the purpose of preparation of the statement of cash flows, the balance of cash and cash equivalents comprises the followi ng balances with maturity shorter than three months. Cash and cash equivalents 30.06.2026 31.12.2025 Cash and balances at Central Bank (Note 19) 9,558,086 10,224,866 Current accounts of banks and other receivables 5,959,364 11,049,370 Interbank deposits 94,700 47,500 Total cash and cash equivalents 15,612,150 21,321,736 39. SHARE BASED PAYMENTS The Bank has adopted the “Remuneration policy for persons with a significant impact on the risk profile of BNP Paribas S.A.”. The principles and assumptions contained in the Policy guarantee the existence of a rational, balanced and controllable remuneration policy, consistent with the accepted risk level, standards and values of the Bank and relevant laws and regulati ons, in particular the Regulation of the Minister of Finance, Funds and Regional Policy dated 8 June 2021 on the risk management system, internal control system and remuneration policy in banks and recommendations included in CRD5. Pursuant to the Remuneration policy for persons with a significant impact on the risk profile of BNP Paribas S.A. applied in the Bank, starting in 2020 (excluding persons who have terminated their cooperation with the Bank), the applicable financial instrument in which part of the variable remuneration is paid are ordinary shares (change from phantom shares). The 2022 variable remuneration convertible into a financial instrument was granted in actual shares of the Bank. On 9 December 2021, the Supervisory Board approved a modified Remuneration policy for persons with a significant impact on the risk profile of the Bank. The changes consisted mainly in adjusting the provisions of the Policy to the Regulation of the Minister of Finance, Funds and Regional Policy of 8 June 2021 on the risk management system and internal control system and remuneration policy in banks and the guidelines contained in CRD5 and consisted, among others, in extending the deferral period. Programme based on the Bank’s shares There is variable remuneration scheme in place for the Bank’s employees with a significant impact on risk profile under the Bank’s share-based programme. The variable remuneration is divided into a part granted in the form of a financial instrument (Bank shares) and the remaining part granted in cash.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 59 The right to variable remuneration in the form of the Bank’s shares is granted by issuing subscription warrants in a number corresponding to the number of shares granted; one warrant entitles to acquire one share. The payment of the variable remuneration in the form of the Bank’s shares, i.e. taking up the Bank’s shares through the exercise of rights from subscription warrants, takes place after the expiry of the deferral period. The Bank will grant subscription warrants to the participants of the Incentive Scheme, which will result in the right to acqu ire new Series M and Series N shares issued by the Bank under the conditional share capital increase. The rights to acquire Series M and Series N shares will be granted taking into account the principles of dividing the variable remuneration into the non -deferred and deferred portions, as defined in the Remuneration Policy and the regulations adopted on its basis. Series M and Series N shares will constitute a component of variable remuneration for persons having a significant impact on the Bank’s risk profile withi n the meaning of the Regulation of the Minister of Finance, Funds and Regional Policy of 8 June 2021. In order to implement the Incentive Programme, the Extraordinary General Meeting of the Bank adopted resolutions on the issue of subscription warrants and a conditional increase of the share capital through the issue of Series M shares and Series N shares, depriving the existing shareholders of the subscription right to warrants and to Series M and Series N shares, amending the Bank’s Articles of Association, and dematerialising and applying for the admission of Series M and Series N shares to trading on a regulated market. The amount and the division into the non-deferred and deferred portions of variable remuneration for employees identified as MRT is determined in accordance with the Bank’s Remuneration Policy and regulations adopted on its basis. The regulations contain information on the annual bonus levels assigned to particular appraisals: 1. a part constituting at least 50% is granted in the form of the Bank’s shares (which will be acquired by exercising rights fro m subscription warrants); 2. a part of variable remuneration not less than 40% of that remuneration is deferred. The deferral period is at least 5 years for Senior Management and a minimum of 4 years and a maximum of 5 years for employees other than Senior Management. The maximum deferral period of 5 years is applied in the case of an assignment of Variable Remuneration that exceeds a particularly high amount. In order to ensure uniform and lawful conditions for the acquisition of the right to remuneration and its payment, remunerati on is paid to persons having a material impact on the risk profile of the Bank taking into account the principles of suitability, proportionality and non-discrimination. The Bank’s rules include the possibility to withhold or limit the payment of variable remuneration where the Bank does not me et the combined buffer requirement: 1. The Bank shall be prohibited from paying granted variable remuneration in excess of the maximum distributable amount (MDA) where the Bank does not meet the combined buffer requirement within the meaning and under the rules set out in Articles 55 and 56 of the Act on macro-prudential supervision. 2. In the event when the Bank does not meet the combined buffer requirement, then before the MDA is calculated, the Bank: ● does not undertake commitments to pay variable remuneration or discretionary pension benefits; ● does not make variable remuneration payments if the obligation to pay them arose during the period in which the Bank did not meet the combined buffer requirement. If the legal relationship between the Bank and a given person having a material impact on the Bank’s risk profile ceases to e xist or if the position is excluded from the list, the remuneration is paid provided that the requirements specified in the Remune ration policy for persons having a material impact on the risk profile of BNP Paribas Bank Polska S.A. are met. A person is entitled to variable remuneration provided that he/she has not been charged and is not subject to criminal or disciplinary sanctions. In 2026, for the variable remuneration granted for 2020 -2025 and in connection with the forecast of the variable remuneration for 2026, which will be granted in 2027, in the part concerning shares to be issued in the future, the Bank recognised an amount of PLN 3,698 thousand under equity. At the same time, an amount of PLN 39,792 thousand (recognised in the previous years) is presented under equity.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 60 Financial instruments (shares - deferred portion) changes in 2026 and 2025 determined in relation to the deferred part of the variable remuneration for 2020-2025 are presented in the table below. H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 units value (PLN’000) units value (PLN’000) Opening balance 128,864 10,267 131,976 9,087 granted in the period 23,987 3,521 30,539 3,035 exercised in the period (27,657) (1,907) - - expired in the period (2,872) (237) (33,651) (1,856) Closing balance 122,322 11,643 128,864 10,267 The table below presents the terms and conditions of the Share/Warrants Purchase Plan for 2026. Type of transaction under IFRS 2 Share-based payments Program announcement date 31 January 2020 – effective date of the Resolution of the Supervisory Board approving the Remuneration Policy. The start date for granting shares 4 March 2026 The end date for granting shares 2 April 2026 40. ADDITIONAL INFORMATION REGARDING THE STATEMENT OF CASH FLOWS Cash flows from operating activities – other adjustments H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 FX differences from subordinated liabilities and subordinated issues 153,068 (3,635) Valuation of securities recognised in the statement of profit or loss (2,173) (53,654) Allowance for securities (7) 16 Other adjustments 25,678 8,647 Total cash flows from operating activities – other adjustments 176,566 (48,626) 41. CONTINGENT LIABILITIES The table below presents the value of liabilities granted and received. Contingent liabilities 30.06.2026 31.12.2025 Contingent commitments granted 40,572,670 43,328,592 Financial commitments 27,887,906 28,751,150 Guarantees 12,684,764 14,577,442 Contingent commitments received 59,179,348 57,773,732 Financial commitments - 31,000 Guarantees 59,179,348 57,742,732 Following amendments under Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024 (CRR3) amending Regulation (EU) No 575/2013, the Bank recognised commitments under proposals in the amount of PLN 2,937,126 thousand as at 30 June 2026 (PLN 4,340,313 thousand as at 31 December 2025) in the item financial commitments.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 61 42. FAIR VALUE OF ASSETS AND LIABILITIES Based on the methods used to determine fair value, the Group classifies particular assets and liabilities into the following categories: Level 1 Assets and liabilities measured on the basis of market quotations available on active markets for identical instruments. Level 2 Assets and liabilities measured using valuation techniques based on directly or indirectly observed market quotations or othe r information based on market quotations. Level 3 Assets and liabilities measured using valuation techniques where input data is not based on observable market data. The Group periodically (at least quarterly) assigns individual assets and liabilities to particular levels of the fair value hierarchy. The basis for classification to particular levels of the fair value hierarchy is the input data used for the valuation, i.e. market quotes or other information. The lowest level of input data used for the valuation, having a significant impact on determining the fair value, determines the classification of an asset or liability to a particular hierarchy level. If the input data is changed to data classified to another level, e.g. as a result of changes in the valuation methodology or changes in market data sources, the Group transfers the asset or liability to the appropriate level of measurement in the reporting period in which the change occurred In H1 2026 and in 2025, no changes were made to the rules for classification into valuation levels. As at 30 June 2026, particular instruments were included in the following valuation levels: 1) Level 1: Treasury bonds and bonds issued by European Investment Bank (fair value is determined directly by reference to published active market quotations), quoted shares; 2) Level 2: bonds issued by PFR, interest rate options in EUR, USD and GBP, FX options maturing within 2 years, base interest rate and FX swaps denominated in G7 currencies maturing within 15 years, and base interest rate and FX swaps denominated in other cur rencies maturing within 10 years, FRA maturing within 2 years, FX Forward, NDF and FX swaps denominated in G7 currencies maturing within 10 years, FX Forward transactions, NDF and FX swaps denominated in other currencies maturing within 3 years, commodity swaps maturing within 1 year, interest rate swaps denominated in G7 currencies, interest rate swaps denominated in other currencies maturing within 10 years, structured instruments (whose fair value is determined using measurement techniques which are based on available, verifiable market data); 3) Level 3: interest rate options in PLN, FX options maturing over 2 years, base interest rate and FX swaps denominated in G7 currencies maturing over 15 years, base interest rate and FX swaps denominated in other currencies maturing over 10 years, FRA contracts maturing over 2 years, FX Forward transactions, NDF and FX swaps denominated in G7 currencies maturing over 10 years, FX Forward transactions, NDF and FX swaps denominated in other currencies maturing over 3 years, commodity swaps maturing over 1 year, interest rate swaps denominated in other currencies than G7 currencies maturing over 10 years, structured instruments (whose fair value is determined using measurement techniques (models) which are not based on available, verifiable market data), derivatives for which significant Fair Value Correction or Credit Value Adjustment was created and corporate bonds other than CATALYST -listed ones, shares which are not listed on the WSE and other exchanges, subsidised loans (fair value determined using measuremen t techniques which are not based on available, verifiable market data, i.e. in cases other than those described in 1 and 2).
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 62 The table below presents classification of assets and liabilities measured at fair value in the consolidated financial statements into three categories. 30.06.2026 Level 1 Level 2 Level 3 Total Assets measured at fair value 26,395,647 1,955,318 561,870 28,912,835 Derivative financial instruments - 1,565,360 131,542 1,696,902 Hedging instruments - 373,008 - 373,008 Securities measured at fair value through other comprehensive income 26,217,449 - - 26,217,449 Securities measured at fair value through profit or loss 178,198 16,950 210,521 405,669 Loans and advances to customers measured at fair value through profit or loss - - 219,807 219,807 Liabilities measured at fair value - 2,038,019 128,323 2,166,342 Derivative financial instruments - 1,620,452 128,323 1,748,775 Hedging instruments - 417,567 - 417,567 31.12.2025 Level 1 Level 2 Level 3 Total Assets measured at fair value 24,721,099 2,559,806 671,039 27,951,944 Derivative financial instruments - 2,190,900 168,560 2,359,460 Hedging instruments - 345,550 - 345,550 Securities measured at fair value through other comprehensive income 24,719,802 - - 24,719,802 Securities measured at fair value through profit or loss 1,297 23,356 216,296 240,949 Loans and advances to customers measured at fair value through profit or loss - - 286,183 286,183 Liabilities measured at fair value - 2,628,496 133,619 2,762,115 Derivative financial instruments - 2,142,956 133,619 2,276,575 Hedging instruments - 485,540 - 485,540 In H1 2026, there were no events of change in fair value level from level 1 to level 2, from level 1 to level 3, from level 2 to level 1, and from level 3 to level 1. There were changes from level 3 to level 2 and from level 2 to level 3. In H1 2025, there were no events of change in fair value level from level 1 to level 2, from level 1 to level 3, from level 2 to level 1, and from level 2 to level 3. There were events of change from level 3 to level 2 and from level 3 to level 1. In H1 2026, there were 8 events of derivatives for which the fair value level changed from 2 to 3. One event was due to recognition of FVC and the other seven were due to an increase of BCVA. The table below shows the valuation of these transactions at the beginning and end of the reporting period: H1 2026 from 01.01.2026 to 30.06.2026 Derivative financial instruments - assets Derivative financial instruments - liabilities Opening balance 2,430 98,420 Closing balance 343 46,609 In H1 2026, there were 94 events of derivatives for which the fair value level changed from 3 to 2. All were due to a shorten ing of the time to maturity of the transaction.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 63 In H1 2025, there were 76 events of derivatives for which the fair value level changed from 3 to 2. All were due to a shorten ing of the time to maturity of the transaction. The table below shows the valuation of these transactions at the beginning and end of the reporting period: H1 2026 from 01.01.2026 to 30.06.2026 Derivative financial instruments - assets Derivative financial instruments - liabilities Opening balance 51,230 57,725 Closing balance 48,174 59,112 H1 2025 from 01.01.2025 to 30.06.2025 Derivative financial instruments - assets Derivative financial instruments - liabilities Opening balance 87,677 78,726 Closing balance 118,675 110,353 In H1 2026, there were no changes in the fair value level from level 3 to level 1; in H1 2025, there was one change in the fair value level from level 3 to level 1. The change in the fair value level was due to a sale of shares with the settlement date lat er than the reporting date. As at 30 June 2025, the valuation of the sale was PLN 7,000 thousand. These transfers pertain to the Bank; there were no such changes in the subsidiaries covered by these consolidated financial statements. The fair value of level 2 and 3 financial instruments is determined using the measurement techniques consistent with market practice, the parameterisation of which is carried out on the basis of reliable data sources. Valuation techniques used inclu de valuation models (e.g., Black-Scholes), cash flow discounting, and estimation of volatility planes. The input data used for purposes of valuation of level 2 and 3 instruments include foreign exchange rates, yield curves, reference rates, changes in foreign exchange rates, reference rates, stock market indices and stock prices, swap points, basis spreads, stock market index values and futures prices. For financial instruments classified as level 3, unobservable parameters are estimates including market quotes that are not observable and cannot be corroborated by observable data in commonly quoted ranges, margins for credit risk and liquidity ris k, probabilities of default, recovery rates, and premiums and discounts covering other risks specific to the instrument being valued. The table presented below shows changes in the measurement of level 3 assets and liabilities as well as amounts charged to profit and loss account. H1 2026 from 01.01.2026 to 30.06.2026 Derivative financial instruments - assets Financial assets measured at fair value Derivative financial instruments - liabilities Opening balance 168,560 502,479 133,619 Total gains/losses recognised in: (37,018) 8,358 (5,296) statement of profit or loss (37,018) 8,358 (5,296) Sale - (5,000) - Settlement/expiry - (77,114) - Transfer - 1,605 - Closing balance 131,542 430,328 128,323 Unrealised gains/losses recognised in profit or loss related to assets and liabilities at the end of the period (37,018) 8,358 (5,296)
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 64 H1 2025 from 01.01.2025 to 30.06.2025 Derivative financial instruments - assets Financial assets measured at fair value Derivative financial instruments - liabilities Opening balance 142,215 694,524 137,825 Total gains/losses recognised in: 140,082 5,231 19,511 statement of profit or loss 140,082 5,231 19,511 Purchase - 32,000 - Sale - (8,001) - Settlement/expiry - (89,753) - Closing balance 282,297 634,001 157,336 Unrealised gains/losses recognised in profit or loss related to assets and liabilities at the end of the period 140,082 5,231 19,511 The table below shows the effect of unobservable factors on the value of financial instruments classified to level 3. 30.06.2026 31.12.2025 Instrument type fair value according to fair value according to positive scenario negative scenario positive scenario negative scenario Derivatives1 4,712 2,954 36,357 34,710 Commercial bonds2 49,742 48,420 63,038 61,401 Stocks and shares3 162,012 146,583 154,907 140,154 Loans4 220,467 219,143 287,102 285,264 1scenario: rating change of +3/-3 notches 2scenario: change in credit spread by -50bp/+50bp 3scenario: change in valuation by +5%/-5% 4scenario: change in discount rate by -50bp/+50bp The Group measures the fair value by discounting all contractual cash flows related to transactions, with the use of yield cu rves characteristic of each transaction group. Where no repayment schedule is agreed for a product, it is assumed that the fair value is equal to the carrying amount of the transaction, or, in case of revolving products, the curves derived from the liquidity pro file of these products and the expected behavioural duration of these exposures are used. The yield curve used for fair value measurement of liabilities (such as customer and interbank deposits) and receivables (such as loans to customers and interbank deposits) of the Group comprises: ● the credit risk free yield curve, ● the cost of obtaining financing above the credit risk free yield curve, ● the market margin that reflects credit risk for receivables. The yield curve for fair value measurement of loans is constructed through classification of loans into sub-portfolios depending on the product type and currency as well as customer segmentation. A margin is determined for each sub-portfolio taking into account credit risk. The margin is determined with the use of credit risk parameters of a given customer determined in the process of calculating the impairment of financial instruments. The current credit risk margin and the current liquidity margin, the values of which are not quoted on an active market, are the nonobservable parameters for all the categories.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 65 The table below presents the book value and fair value of those financial assets and liabilities that are not reported in the Group’s statement of financial position at their fair value, as well as the level of fair value classification 30.06.2026 Book value Fair value Level Financial assets Cash and balances at Central Bank 9,558,086 9,558,086 3 Amounts due from banks 6,554,410 6,161,591 3 Loans and advances to customers measured at amortised cost 94,701,829 93,886,061 3 Securities measured at amortised cost 37,590,362 37,090,371 1,3 Other financial assets 607,957 607,957 3 Financial liabilities Amounts due to banks 10,044,641 10,244,505 3 Amounts due to customers 141,437,258 140,544,138 2,3 Lease liabilities 542,688 542,688 3 Other financial liabilities 1,780,412 1,780,412 3 Liabilities under issued debt securities 4,350,263 4,402,658 3 31.12.2025 Book value Fair value Level Financial assets Cash and balances at Central Bank 10,224,866 10,224,866 3 Amounts due from banks 11,616,566 10,990,698 3 Loans and advances to customers measured at amortised cost 90,887,678 90,570,383 3 Securities measured at amortised cost 36,180,626 35,745,699 1,3 Other financial assets 751,778 751,778 3 Financial liabilities Amounts due to banks 10,145,231 10,351,420 3 Amounts due to customers 141,338,836 140,513,588 3 Lease liabilities 553,436 553,436 3 Other financial liabilities 885,755 885,755 3 Liabilities under issued debt securities 4,226,368 4,235,185 3 1) Amounts due from banks and amounts due to banks Amounts due from banks and amounts due to banks include interbank deposits and interbank settlements. The fair value of fixed and floating rate deposits/placements is based on discounted cash flows determined by reference to money market interest rates for items with similar credit risk and residual maturity. 2) Loans and advances to customers The estimated fair value of loans and advances is the discounted value of future cash flows to be received, using the current market rates adjusted by financing cost and by actual or estimated credit risk margins. The fair value of loans and advances covered by the Law on Crowdfunding for Business Ventures and Borrower Assistance takes into account the impact of changes in repayment schedules resulting from the introduction of credit holidays. 3) Securities measured at amortised cost The fair value of securities measured at amortised cost was determined by reference to the published quoted prices in an active market for quoted securities (first level of valuation or second level in case of reduced liquidity). However, for unquoted securities, fair value was determined using valuation techniques not based on available market data (third level of valuation).
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 66 4) Amounts due to customers The fair value of fixed and floating rate deposits is based on discounted cash flows determined by reference to money market interest rates adjusted by the actual cost of securing funds over the past three months. For demand deposits, it is assumed that the fair value is equal to their carrying amount. 5) Lease liabilities The fair value of lease liabilities was determined as equal to their balance sheet value. 6) Liabilities under issued debt securities Fair value of liabilities under issued securities is determined using a model which discounts future cash flows from the investment, based on market interest rate curves adjusted for issuer credit risk. 43. LOAN PORTFOLIO SALE In H1 2026, the Bank concluded agreements for the sale of retail, SME and corporate loan portfolios. In H1 2025, the Bank concluded agreements for the sale of retail loan portfolios. According to IFRS 9, the sale of a financial asset due to an increase in credit risk does not cause a change to the business model. Consequently, the Bank maintains the loan portfolio in the business model with the objective of holding financial assets to o btain contractual cash flows. The gross carrying amount of the sold portfolio measured at amortised cost was PLN 106,922 thousand (PLN 113,924 thousand in H1 2025) and the amount of impairment allowances created was PLN 83,996 thousand (PLN 85,977 thousand in H1 2025). The contractual price for the sale of these portfolios was set at PLN 35,154 thousand (PLN 32,970 thousand in H1 2025). The net impact on the Bank’s result due to the sale of portfolios amounted to PLN 12,408 thousand (PLN 5,023 thousand in H1 2025) and is presented in the line Net impairment allowances on financial assets and provisions for contingent liabilities. 44. SECURITISATION On 28 March 2024, the Bank entered into an agreement with the International Finance Corporation (“IFC”, “Investor”) for a synthetic securitisation transaction executed on a portfolio of corporate loans with a total value of PLN 2,180,097 thousand as at 31 December 2023. The main purpose of the transaction was to release capital that the Bank used to finance climate projects (climate change mitigation projects focusing mainly on renewable energy, energy efficiency and green project financing). As part of the transaction, the Bank transferred a significant part of the credit risk from the selected securitised portfoli o to the Investor. The securitised selected loan portfolio remained on the Bank’s books. As at 31 December 2025, the value of the transaction portfolio included in the balance sheet and off -balance sheet amounted to PLN 213,638 thousand. The closing date of the transaction according to the agreement is 31 December 2031; however, the securitisation transaction was closed on 10 January 2026 as the time-call option was exercised. The risk transfer of the securitised portfolio was implemented through a credit protection instrument in the form of a financ ial guarantee issued by the Investor up to PLN 19,377 thousand as at 31 December 2025. Costs on account of this guarantee are presented in Fee and commission expenses - Guarantee commitments and documentary operations. The transaction met the material risk transfer requirements of the CRR and has been structured as meeting the STS criteria (simple, transparent and standard securitisation) under Regulation 2021/557. The Bank acted as arranger of the transaction. 45. RELATED PARTY TRANSACTIONS BNP Paribas Bank Polska S.A. operates within the BNP Paribas Bank Polska S.A. Capital Group. BNP Paribas Bank Polska S.A. is the parent entity of the BNP Paribas Bank Polska S.A. Capital Group. The ultimate parent company is BNP Paribas S.A., Paris.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 67 As at 30 June 2026, the Capital Group of BNP Paribas Bank Polska S.A. comprised BNP Paribas Bank Polska S.A. as the parent entity, and its subsidiaries: 1. BNP PARIBAS TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH S.A. (“TFI”). 2. BNP PARIBAS LEASING SERVICES SP. Z O.O. (“LEASING”). 3. BNP PARIBAS GROUP SERVICE CENTER S.A. (“GSC”). All transactions between the Bank and its related parties were entered into as part of daily operations and included mainly l oans, deposits, transactions in derivative instruments, as well as income and expenses related to advisory and financial intermedia tion services. Transactions with shareholders of BNP Paribas Bank Polska S.A. and related parties 30.06.2026 BNP Paribas S.A., Paris BNP Paribas Fortis S.A. Other entities of the BNP Paribas S.A. Group Key personnel Total Assets 7,849,783 - 803,837 664 8,654,284 Receivables on current accounts, loans and deposits 6,326,477 - 774,489 664 7,101,630 Derivative financial instruments 1,148,653 - 6,200 - 1,154,853 Derivative hedging instruments 373,008 - - - 373,008 Other assets 1,645 - 23,148 - 24,793 Liabilities 13,013,411 57,993 779,255 6,136 13,856,795 Loans received 2,842,273 - 130,597 - 2,972,870 Current accounts and deposits 5,014,552 57,993 634,158 6,136 5,712,839 Liability under issued debt securities (including subordinated issues) 4,350,263 - - - 4,350,263 Derivative financial instruments 388,083 - 2,533 - 390,616 Derivative hedging instruments 417,567 - - - 417,567 Other liabilities 673 - 11,967 - 12,640 Contingent liabilities Financial commitments granted - - 244,940 4,714 249,654 Guarantee commitments granted 266,830 80,062 619,360 - 966,252 Commitments received 7,979,857 112,798 806,745 - 8,899,400 Derivative financial instruments (nominal value) 69,425,124 - 800,523 - 70,225,647 Derivative hedging instruments (nominal value) 46,214,856 - - - 46,214,856 Statement of profit or loss (32,222) (379) 6,373 (15) (26,243) H1 2026 from 01.01.2026 to 30.06.2026 Interest income 490,318 95 10,468 31 500,912 Interest expense (691,565) (474) (6,451) (46) (698,536) Fee and commission income - - 1,058 - 1,058 Net trading income 212,654 - (966) - 211,688 Other operating income 806 - 70,182 - 70,988 Other operating expense - - (14,494) - (14,494) General administrative expenses (44,435) - (53,424) - (97,859)
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 68 31.12.2025 BNP Paribas S.A., Paris BNP Paribas Fortis S.A. Other entities of the BNP Paribas S.A. Group Key personnel Total Assets 13,423,435 - 704,126 1,204 14,128,765 Receivables on current accounts, loans and deposits 11,435,318 - 693,428 1,163 12,129,909 Derivative financial instruments 1,640,910 - - - 1,640,910 Derivative hedging instruments 345,550 - - - 345,550 Other assets 1,657 - 10,698 41 12,396 Liabilities 13,856,597 35,769 993,225 2,934 14,888,525 Loans received 3,504,597 - 167,915 - 3,672,512 Current accounts and deposits 5,099,198 35,769 795,190 2,934 5,933,091 Liability under issued debt securities 4,226,368 - - - 4,226,368 Derivative financial instruments 540,221 - 3,048 - 543,269 Derivative hedging instruments 485,540 - - - 485,540 Other liabilities 673 - 27,072 - 27,745 Contingent liabilities Financial commitments granted - - 260,628 4,631 265,259 Guarantee commitments granted 478,432 77,244 535,329 - 1,091,005 Commitments received 7,883,148 109,827 749,058 - 8,742,033 Derivative financial instruments (nominal value) 59,595,048 - 26,627 - 59,621,675 Derivative hedging instruments (nominal value) 35,043,905 - - - 35,043,905 Statement of profit or loss 285,476 (449) (7,301) 33 277,759 H1 2025 from 01.01.2025 to 30.06.2025 Interest income 144,518 156 8,853 70 153,597 Interest expense (309,633) (554) (13,996) (37) (324,220) Fee and commission income - - 987 - 987 Net trading income 482,237 (51) (320) - 481,866 Other operating income - - 55,096 - 55,096 Other operating expense - - (14,508) - (14,508) General administrative expenses (31,646) - (43,413) - (75,059) Remuneration of the Management Board and the Supervisory Board Remuneration of the Management Board H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Short-term employee benefits 10,165 9,833 Long-term benefits 3,954 3,864 Share-based payments* 2,659 3,945 Shares issued** 2,050 2,096 Total 18,828 19,738 *includes an amount in the Bank’s capital linked to the Bank’s shares taken up in the future (in accordance with the variable remuneration policy) **value of shares issued based on actuarial valuation
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 69 Remuneration of the Supervisory Board H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Short-term employee benefits 1,098 884 Total 1,098 884 46. OPERATING SEGMENTS Segment reporting The Bank has divided its activities and applied the identification of income and expenses and assets and liabilities into the following reportable operating segments: ● Retail and Business Banking, ● Small and Medium-Sized Enterprises (SME) and Corporate Banking, ● Corporate and Institutional Banking (CIB), ● Other Banking Operations, including ALM Treasury and the Corporate Centre. The abovementioned segmentation reflects the principles of customer classification by segment in line with the business model adopted by the Group, which are based on entity and financial criteria (in particular the amount of turnover, level of credit exposure and assets collected) and the type of business. The detailed rules for assigning customers to specific segments are governed by the Group’s internal regulations. The Group’s management performance is monitored by considering all items of the statement of profit or loss of the particular segment, to the level of gross profit, i.e. income, expenses and net impairment losses are reported for each segment. Management income takes into account cash flows between customer segments and the asset and liability management unit, measured by reference to internal transfer prices of funds based on market prices and liquidity margins for each maturity and currency. Management expenses of the segments include direct operating expenses and expenses allocated using the allocation model adopted by the Group. Additionally, the management performance of the segments takes into account amounts due to each business line for services between such lines. The Group’s operations are conducted in Poland only. As no considerable differences in the risks, which might be due to the geographical location of the Bank’s branches, can be identified, no geographical disclosures have been presented. The Group applies consistent, detailed principles to all identified segments. As regards income, in addition to standard item s, components of the net interest income of the segments have been identified, to include external and internal income and expenses. As regards operating expenses, the Group’s indirect expenses are allocated to each segment in the Expense allocation (internal) item. Considering the profile of the Group’s business, no material seasonal or cyclical phenomena are identified. The Group provides financial services, the demand for which is stable, and the effect of seasonality is immaterial. Characteristics of operating segments Retail and Business Banking Segment covers comprehensive services to retail customers, including private banking customers, as well as business customers (microenterprises). The scope of financial services offered by this area includes maintenance o f current and deposit accounts, acceptance of term deposits, granting mortgage loans, cash loans, mortgage advances, overdrafts, loans to microenterprises, issuing debit and credit cards, cross -border cash transfers, foreign exchange transactions, sale of insurance products as well as other services of lesser importance to the Group’s income. Additionally, the performance of the Retail and Business Banking Segment includes: performance of brokerage services and distribution and storage of investment fund units. Retail and Business Banking customers are served through the Bank’s branches and alternative channels, i.e. online banking, mobile banking and telephone banking, the Premium Banking channel and Wealth Management. In addition, sales of selected products are carried out through financial intermediaries both nationwide and locally. SME Banking Segment and Corporate Banking Segment provide services to business customers and offer a wide range of services to companies, as well as corporate customers, financial institutions and public sector entities. Distribution networ k for Corporate Banking is based on Corporate Customer Centres lo cated in Warsaw, Gdańsk, Poznań, Wrocław, Katowice, Kraków and Rzeszów. After -sales service for the customers of the Corporate Banking segment is also carried out by the Telephone Business Service Centre and in the online banking system.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 70 The main products and services provided to business customers include cash management and global trade finance services – comprehensive services related to import and export LCs, bank guarantees and documentary collection, supply chain and exports financing, acceptance of deposits (from overnight to term deposits), financing in the form of, inter alia, overdrafts, revolving and investment loans, loans in the group of agribusiness financing products, financial market products, including the conclusion of customer foreign exchange and derivative transactions, leasing and factoring products, as well as specialised services such as real estate financing, structured financing for mid -caps, investment banking and related services for public sector entities: arrangement of municipal bond issues, forfaiting, dedicated cash management solutions. The Corporate and Institutional Banking (CIB) Segment supports sales of products of the Group dedicated to the largest Polish enterprises including services provided to key customers. Other Banking Operations are performed mainly through the Asset and Liability Management Division (ALM Treasury). The main objective of the Division is ensuring an appropriate and stable level of funding to guarantee the security of the Bank’s oper ations and compliance with the s tandards defined in the applicable laws. The ALM Treasury assumes responsibility for liquidity management at the Bank, setting internal and external reference prices, management of the interest rate risk inherent in the Group’s bala nce sheet as well as the operational and structural currency risk. The ALM Treasury focuses on both prudential (compliance with external and internal regulations) and optimisation aspects (financing cost management and generating profit on management of the Group’s balance sheet). The Other Banking Operations segment includes also direct costs of the support functions, which have been allocated to segments in the Expense allocation (internal) item, as well as results that may not be assigned to any of the aforementioned segments (including equity investment, gains/losses on own accounts and customer accounts not allocated to a specific segment). Changes to the presentation of the Bank's segments as of June 2026 In connection with the transformation of the business modelf the Bank and the Group involving change of the Bank's business profile from an institution specialising in financing primarily Agro Customers to the model of a universal bank with integrated support functions and a simplified management system, the following changes were made to presentation: • the following categories are no longer distinguished: - Agro Customers, i.e. individual farmers and agro-food industry companies, - Personal Finance Customers. The results of these segments intersect with the core operating segments. Food & Agro and Personal Finance have a supporting function, enabling an integrated approach to servicing the Bank ’s main segments (Retail Banking, SME Banking and Corporate Banking). • the Small and Medium Enterprise Customer Segment and the Corporate Customer Segment have been combined The Bank's organisational structure includes one SME and Corporate Banking Area, supervised and managed by one Vice - President of the Bank's Management Board. The organisational structure of the Area integrates support functions, i.e. joint management of services such as strategy and controlling, analysis of resource allocation, business analysis (business analyst s), support of the credit process.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 71 30.06.2026 Retail and Business Banking SME and Corporate Banking CIB Other Banking Operations Total Statement of profit or loss for the period of 6 months ended 30.06.2026* Net interest income 1,505,728 998,541 32,999 373,151 2,910,421 external interest income 1,548,698 1,065,589 77,340 1,851,279 4,542,907 external interest expenses (619,213) (306,933) (4,722) (701,619) (1,632,486) internal interest income 1,600,487 1,002,082 5,965 (2,608,535) - internal interest expenses (1,024,245) (762,197) (45,584) 1,832,026 - Net fee and commission income 376,333 257,821 33,560 (27) 667,688 Dividend income - 1,134 - 3,040 4,175 Net trading income (including the result from FX position) 55,456 234,569 116,579 9,351 415,956 Result on investment activities - - - 4,041 4,041 Result on hedge accounting - - - 8,149 8,149 Other operating income and expenses 2,343 1,880 (7,885) (13,923) (17,585) Result on derecognition of financial assets measured at amortised cost (1,054) (2,504) - 9 (3,549) Result on allowance for expected credit losses on financial assets and provisions for contingent liabilities (41,314) (104,243) (9,258) 11,806 (143,009) Result on legal risk related to foreign currency loans (149,654) - - - (149,654) General administrative expenses (632,661) (370,510) (53,211) (574,629) (1,631,014) Depreciation and amortisation (56,299) (36,564) (7,448) (156,933) (257,245) Expense allocation (internal) (470,020) (240,942) 8,140 702,822 - Operating profit 588,858 739,182 113,476 366,857 1,808,374 Tax on financial institutions (103,102) (89,692) (5,930) 1,840 (196,884) Gross profit 485,756 649,490 107,546 368,697 1,611,490 Income tax expense - - - - (636,324) Net profit 975,166 Statement of financial position as at 30.06.2026* Segment assets 46,539,848 47,180,036 4,622,605 82,521,276 180,863,762 Segment liabilities 80,533,317 64,121,130 406,912 18,736,311 163,797,668 *Financial data have been rounded and presented in PLN’000, and therefore, in some cases, the totals may not correspond exactly to the total sum.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 72 30.06.2025 Retail and Business Banking SME and Corporate Banking CIB Other Banking Operations Total Statement of profit or loss for the period of 6 months ended 30.06.2025 Net interest income 1,632,178 1,042,939 48,331 244,220 2,967,667 external interest income 1,865,516 1,122,059 189,442 1,828,927 5,005,943 external interest expenses (803,174) (418,813) (4,909) (811,380) (2,038,276) internal interest income 1,781,934 1,210,076 7,191 (2,999,200) - internal interest expenses (1,212,098) (870,383) (143,392) 2,225,874 - Net fee and commission income 374,071 260,116 24,068 (2,647) 655,611 Dividend income - 1,696 - 2,693 4,389 Net trading income (including the result from FX position) 56,401 254,243 188,815 103,542 603,001 Result on investment activities - (1) - (2,969) (2,970) Result on hedge accounting - - - (2,829) (2,829) Other operating income and expenses (39,420) 242 1,345 26,123 (11,711) Result on derecognition of financial assets measured at amortised cost (964) 7 - (30) (986) Result on allowance for expected credit losses on financial assets and provisions for contingent liabilities (2,180) (922) (4,614) (1,288) (9,004) Result on legal risk related to foreign currency loans (314,263) - - - (314,263) General administrative expenses (612,689) (312,615) (54,274) (527,347) (1,506,926) Depreciation and amortisation (58,569) (38,008) (8,794) (150,384) (255,754) Expense allocation (internal) (444,358) (221,454) 1,433 664,379 - Operating profit 590,208 986,243 196,310 353,464 2,126,225 Tax on financial institutions (107,063) (81,188) (11,806) 3,286 (196,771) Gross profit 483,145 905,055 184,503 356,750 1,929,454 Income tax expense - - - - (454,160) Net profit 1,475,294 Statement of financial position as at 31.12.2025* Segment assets 45,605,564 41,509,613 7,837,808 85,772,280 180,725,264 Segment liabilities 83,215,517 66,384,214 - 13,527,226 163,126,956 *Financial data have been rounded and presented in PLN’000, and therefore, in some cases, the totals may not correspond exactly to the total sum.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 73 47. SHAREHOLDERS OF BNP PARIBAS BANK POLSKA S.A. The table below shows the Bank’s shareholding structure as at 30 June 2026, including those holding at least 5% of the total number of votes at the General Meeting: Shareholder Number of shares Percentage share in the share capital Number of votes at the General Meeting Percentage share in the number of votes at the General Meeting BNP Paribas, in total: 110,910,367 74.97% 110,910,367 74.97% BNP Paribas directly 75,420,141 50.98% 75,420,141 50.98% BNP Paribas Fortis SA/NV directly 35,490,226 23.99% 35,490,226 23.99% Other 37,038,935 25.03% 37,038,935 25.03% Total 147,949,302 100.00% 147,949,302 100.00% As at 30 June 2026, the Bank's share capital amounted to PLN 147,949,302. The share capital was divided into 147,800,491 shares with the par value of PLN 1.00 each, including: 15,088,100 series A shares, 7,807,300 series B shares, 247,329 series C shares, 3,220,932 series D shares, 10,640,643 series E shares, 6,132,460 series F shares, 8,000,000 series G shares, 5,002,000 series H shares, 28,099,554 series I shares, 2,500,000 series J shares, 10,800,000 series K shares, 49,880,600 series L shares, 330,415 series M shares and 199,969 series N shares. Four series B registered shares in the Bank are preferred shares with respect to payment of the full par value per share in t he event of the Bank’s liquidation, once the creditors’ claims have been satisfied, with priority over payments per ordinary sha res, which, after the rights attached to the preferred shares have been exercised, may be insufficient to cover the total par valu e of those shares. The total number of votes conferred by all shares of the Bank is 147,949,302 votes. The number of votes conferred by the Series M Shares granted in 2026 is 7,556 votes; the number of votes conferred by the Series N Shares is 61,255 votes. Changes in shareholdings in H1 2026 On 2 April 2026, the Bank’s share capital was increased from PLN 147,880,491 to PLN 147,949,302 as a result of: • 7,556 series M ordinary bearer shares of the Bank with a nominal value of PLN 1 per share, acquired in the exercise of rights under previously acquired series A6 subscription warrants, and • 61,255 series N ordinary bearer shares of the Bank with a nominal value of PLN 1 per share, acquired in the exercise of right s under previously acquired series B3 subscription warrants. BNP Paribas Bank Polska S.A. shares held by members of the Management Board and members of the Supervisory Board A summary of the Bank's shares and share entitlements held by the members of the Bank's Management Board and Supervisory Board as at the date of the Management Board Report for H1 2026 and the financial statements for Q1 2026 is presented below. MEMBER OF THE BANK’S MANAGEMENT BOARD SHARES SUBSCRIPTION WARRANTS1 SALE OF SHARES SHARES SUBSCRIPTION WARRANTS1 as at the date of the Q1 2026 report as at the date of the H1 2026 report Przemysław Gdański 41,703² 8,390 (11,203) 30,500² 8,390 Małgorzata Dąbrowska 1,208 1,030 - 1,208 1,030 Wojciech Kembłowski 3,590 3,252 (3,590) - 3,252 Piotr Konieczny 2,026 1,276 - 2,026 1,276 Magdalena Nowicka 5,024 2,385 - 5,024 2,385 Volodymyr Radin 3,697 2,027 - 3,697 2,027 Jerzy Jacek Szugajew - - - - - Natalie Yacoubian - - - - -
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 74 MEMBER OF THE BANK’S SUPERVISORY BOARD SHARES SUBSCRIPTION WARRANTS1 SALE OF SHARES SHARES SUBSCRIPTION WARRANTS1 as at the date of the Q1 2026 report as at the date of the H1 2026 report Jean-Charles Aranda 770 770 (770) - 770 1) series B4 subscription warrants taken up on 23.03.2026 - one series B4 entitles to take up one series N ordinary bearer share of BNP Paribas Bank Polska S.A., at the issue price of PLN 1.00 per share 2) registered pledge was established on 18,000 shares of the Bank held by Przemysław Gdański, at a price of PLN 111.50 per share The other members of the Supervisory Board did not declare their shareholding/entitlements in the Bank as at 12 August 2026, which has not changed since the submission of the financial statements for Q1 2026. 48. DIVIDEND PAID The Bank’s Annual General Meeting on 14 April 2026 adopted a resolution on the payment of dividends from the net profit made in 2025. On the basis of this resolution, the Bank paid a dividend of PLN 1,509,082,880.40, i.e. PLN 10.20 per share. The dividend covers all shares issued by the Bank as at 2 April 2026, i.e. 147,949,302 shares. 49. PROFIT DISTRIBUTION In accordance with Resolution No. 7 of the Annual General Meeting of BNP Paribas Bank Polska S.A. dated 14 April 2026 on distribution of the profit of BNP Paribas Bank Polska S.A. and payment of a dividend for the financial year 2025 from the net profit generated in 2025 in the amount of PLN 3,012,194,743.91 (three billion twelve million one hundred and ninety-four thousand seven hundred and forty -three zlotys and ninety -one groszy), the Bank paid a dividend of PLN 1,509,082,880.40 and allocated the remaining amount of PLN 1,503,111,863.51 to the reserve capital. 50. LITIGATION, CLAIMS AND ADMINISTRATIVE PROCEEDINGS Legal risk As at 30 June 2026, there were no proceedings in the court, arbitration tribunal or state administration authorities regardin g liabilities or receivables of the Bank, the value of which would exceed 10% of the Bank’s equity. UOKiK proceedings Court decision on the UOKiK decision regarding calculation of the interchange fee On 6 October 2015, the Court of Appeal issued a decision regarding calculation of the interchange fee by banks acting in agreement. Thus, the decision of the first instance (Regional) Court of 2013 was changed by dismissing the banks’ appeals in whole, while upholding the appeal brought by the Office of Competition and Consumer Protection (UOKiK), which had questioned a considerable reduction in the fines by the first instance court. This means that the penalty imposed under the first decision of the President of UOKiK of 29 December 2006 was upheld. It involved a fine levied on 20 banks, including Bank BGŻ S.A. and Fortis Bank Polska S.A., for practices limiting competition by calculating interchange fees on Visa and MasterCard transactions in Poland in agreement. The total fine levied on Bank BGŻ BNP Paribas S.A. (presently BNP Paribas Bank Polska S.A.) amounted to PLN 12,554 thousand and included: ● a fine for the practice of Bank Gospodarki Żywnościowej in the amount of PLN 9,650 thousand; and ● a fine for the practice of Fortis Bank Polska S.A. (FBP) in the amount of PLN 2,895 thousand. The penalty was paid by the Bank on 19 October 2015. The Bank prepared a last resort appeal against the aforesaid court decision and brought it on 25 April 2016. On 25 October 2017, the Supreme Court overruled the judgment of the Court of Appeal and remitted the case. Acquisition of the core business of Raiffeisen Bank Polska S.A. (RBPL) did not change the situation of the Bank as RBPL was not a party to this claim. On 23 November 2020, the Court of Appeal quashed the judgment of the first instance court and remitted the case for reexamination. In November 2022, the first hearing was held. The case is pending.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 75 Proceedings on practices violating collective consumer interests - unauthorised transactions On 8 July 2022, the Office of Competition and Consumer Protection (UOKiK) initiated proceedings related to the practices violating the collective interests of consumers. The UOKiK alleges that the Bank, upon receipt of a consumer complaint regarding an unauthorised transaction, does not automatically return funds to customers within the D+1 deadline, but instead conducts an initial clarification procedure to determine whether the transaction in question should be considered as accepted/conducted by the customer. The second allegation of the UOKiK relates to the Bank providing inappropriate information to customers when rejecting complaints about the disputed transaction. The Bank discontinued the alleged practices as of 1 January 2025 The case is pending. The UOKiK announced an extension of the proceedings until 11 August 2026. Details of the cost of provisions against unauthorised transactions of customers are described in Note 16 Other operating expenses. Proceedings for practices violating the collective interests of consumers - credit holidays On 5 September 2022, the Bank received the UOKiK’s decision to initiate proceedings against practices that violate the collective interests of consumers by limiting the possibility to apply for a mortgage loan payment suspension by limiting one application to 2 months, whereas the customer should be able to apply for all periods at the same time (up to 8 months). The Bank disagreed with the allegations and sent its reply to UOKiK, in which it pointed out that the Bank accepted and processed all individual applications submitted by customers (for any number of months). Thus, there was no violation of the collective interests of consumers, as the Bank did not deprive customers of their rights, but only failed to fully automate the electron ic application as of the effective date of the law. At the same time, the Bank informed UOKiK that it had changed the questioned practice by launching a new application form in GOonline e-banking on 8 September 2022, allowing customers to apply for any/all periods simultaneously (up to 8 months). On 17 January 2023, the Bank received the Decision of the UOKiK, in which: ● it recognised the questioned practice as violating the collective interests of consumers; ● the practice was found to be abandoned; ● it ordered publication of the decision; ● it imposed a penalty on the Bank in the amount of PLN 2,721 thousand (reduced by 50% (30% - for cessation of the practice, 20% as a result of initiating a meeting and expressing willingness to cooperate). On 17 February 2023, the Bank appealed against the decision to the Competition and Consumer Protection Court. On 8 December 2023, the court delivered to the Bank the UOKiK’s response to the Bank’s appeal, filed with the Competition and Consumer Protection Court on 28 August 2023. On 24 March 2025, the Court announced its decision which dismissed the Bank’s appeal. The Bank appealed against the Court’s decision on 9 May 2025. The Court dismissed the Bank’s appeal on 20 May 2026, the judgment is final. The decision was enforced and the penalty was paid using the provision previously set up. PFSA proceedings Administrative proceedings of the Polish Financial Supervision Authority for the imposition of a penalty in connection with the performance of the function of depositary of investment funds On 28 September 2022, the Polish Financial Supervision Authority initiated administrative proceedings for the imposition of a n administrative penalty against the Bank pursuant to Article 232(1a) of the Act on Investment Funds and Management of Alternative Investment Funds, in connection with the Bank’s suspected breach of the provisions of the aforementioned Act during the perio d 31 January 2017 to 31 August 2019, by failing to exercise due control of the factual and legal acts carried out by investment funds PSF Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych and PSF 2 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych to ensure that the net asset value of these funds and the net asset value per investment certificate were calculated in accordance with the law and the statutes of these funds. By decision of 14 June 2024, the Polish Financial Supervision Authority imposed a fine of PLN 1,000 thousand on the Bank for breach of obligations related to ensuring that the net asset value of the funds and the net asset value per investment certif icate are calculated in accordance with the law, for valuation dates falling between 31 October 2018 and 31 July 2019. In the justification for the decision, the PFSA indicated that the breach of the aforementioned depositary duties consisted mainly of: (i) not obtaining full information on the financial situation of the issuers of the bonds that the funds were purchasing, which resulted in the Depositary not being able to fully assess the bond issuers’ ability to redeem the bonds, (ii) not performing an analysis of the impact of circumstances regarding the financial situation of bond issuers on the rationale for impairment losses on bonds and the final fair value measurement of bonds, (iii) failure to investigate the reasons for negative capital on the part of bond issuers and the possible impact of these circumstances on the bond issuers’ ability to repay their bond redemption obligations.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 76 The PFSA dismissed the proceedings in part to ensure that the net asset value of these funds and the net asset value per investment certificate are calculated in accordance with the statutes of these funds for the asset valuation days falling between 31 October 2018 and 31 July 2019, and in part to ensure that the net asset value of these funds and the net asset value per investment certificate are calculated in accordance with the law and the statutes of these funds for the asset valuation days falling be tween 31 January 2017 and 30 October 2018 (acting as depositary by Raiffeisen Bank Polska S.A.) and from 1 August 2019 to 31 August 2019. On 4 July 2024, the Bank applied for reconsideration of the case by the Polish Financial Supervision Authority. On 22 April 2026, the Bank received a decision of the Polish Financial Supervision Authority upholding the part of the decisi on of 14 June 2024 which had been appealed against, i.e. as regards a cash penalty of PLN 1,000 thousand imposed on BNP Paribas Bank Polska S.A. As the part of the decision which had been appealed against was upheld, the Bank paid the penalty. On 22 May 2026, the Bank appealed against the decision of the Polish Financial Supervision Authority upholding the decision of 14 June 2024 to the Regional Administrative Court. On 7 December 2022, the Polish Financial Supervision Authority initiated administrative proceedings for the imposition of a penalty under Article 232(1a) of the Act on Investment Funds and Management of Alternative Investment Funds, in connection with the Bank’s suspected breach of the provisions of the aforementioned Act in the years 2017 - 2019, by failing to exercise continuous control over the factual and legal actions carried out by the Retail Parks Fund of Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych, in connection with the valuation of the fund’s assets, aimed at ensuring that the net asset value of the fund and the net asset value per investment certificate are calculated in accordance with the law. By decision of 14 June 2024, the Polish Financial Supervision Authority imposed a fine of PLN 500 thousand on the Bank for breach of duties related to ensuring that the fund’s net asset value and the net asset value per investment certificate were calculated in accordance with the law, for the valuation days falling on 30 November 2018 and 28 February 2019. In the justification for the decision, the PFSA indicated that the breach of the above-mentioned duties of the Depositary consisted primarily in the failure to conduct a thorough analysis of the circumstances affecting the determination of the situation of the issuers of the bonds purchased by the fund and to obtain sufficient information on the circumstances affecting this situation. As a result, the Depositary did not recognise the legitimacy of making impairment allowances for the bonds in an appropriate amount and the valuation of the bonds was inadequate to their actual value. The PFSA dismissed the proceedings in the part concerning the suspected breach in the period from 1 January 2017 to 30 October 2018. On 4 July 2024, the Bank applied for reconsideration of the case by the Polish Financial Supervision Authority. On 9 April 2026, the Bank received a decision of the Polish Financial Supervision Authority upholding the contested part of t he aforementioned decision of 14 June 2024, i.e. as regards a fine of PLN 500 thousand imposed on BNP Paribas Bank Polska S.A. As the part of the decision which had been appealed against was upheld, the Bank paid the penalty. On 11 May 2026, the Bank appealed against the decision of the Polish Financial Supervision Authority upholding the decision of 14 June 2024 to the Regional Administrative Court. Administrative proceedings of the Polish Financial Supervision Authority for the imposition of a penalty in connection with a breach of the Act on Trading in Financial Instruments On 24 January 2025, the Polish Financial Supervision Authority opened administrative proceedings against BNP Paribas Bank Polska S.A. for the imposition of a penalty under Article 138(3)(3a) or Article 138(7aa)(1) of the Banking Law in connection with a breach of the Act on Trading in Financial Instruments. The proceedings are pending. Legal risks of the portfolio of foreign currency and CHF denominated loans Court proceedings instigated by the Bank’s customers being parties to foreign currency and CHF denominated loan agreements The gross balance sheet value of residential mortgage loans granted to retail customers in CHF as at 30 June 2026 amounted to PLN 192,585 thousand, compared with PLN 254,276 thousand as at 31 December 2025. As at 30 June 2026, the number of active foreign currency and CHF denominated loans amounted to 4.8 thousand. As at 30 June 2026, the Bank was a defendant in 5,506 (509 new cases in 2026) pending court proceedings (including legally finalised cases, customers brought a total of 11,556 claims against the Bank), in which they demand either that a foreign currency or CHF denominated mortgage loan agreement be declared invalid or that the agreement be declared permanently ineffective and the amounts paid to date be repaid.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 77 The claims are based on the presence of abusive provisions in the agreement which do not allow the agreement to be sustained (Article 3851 of the Civil Code); the Bank is not a party to any collective claim involving such loan agreements. The total value of the claims raised in the currently pending cases as at 30 June 2026 amounted to PLN 2,913,666 thousand (PLN 3,126,776 thousand as at 31 December 2025), and in the legally concluded cases to PLN 2,532,347 thousand (PLN 2,107,350 thousand as at 31 December 2025). By 30 June 2026, in 6,050 finalised proceedings, there were 1,597 judgments in favour of the Bank, including 1,020 in connection with court settlements, and 526 cases in connection with the proceedings being stayed. In 4, 453 cases the courts ruled against the Bank, declaring the loan agreement invalid or permanently ineffective. The Bank continuously assesses the impact of legal risks related to pending court proceedings involving denominated or foreig n currency loans, taking into account the current status of judgments in cases against the Bank and the line of case-law. The Polish courts, despite the different indications resulting from the rulings of Court of Justice (EU) (C -19/20 and C-932/19), in the vast majority rule on the invalidity or ineffectiveness of credit agreements. The total impact of legal risk related to litigation as at 30 June 2026 was PLN 2,627,072 thousand (PLN 2,823,983 thousand as at 31 December 2025), with an impact of PLN 149,654 thousand on the Bank’s statement of profit or loss in 2025 (PLN 498,751 thousand in 2025, including PLN 12,912 thousand in respect of the risk of the clients’ non-repayment of the original principal in the case of a judgment declaring the loan agreement invalid). Changes in the total impact of legal risks related to litigation in H1 2026 are presented in the table below (in PLN thousand): Total impact of legal risk H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Opening balance 2,823,983 3,238,760 Increase in the profit and loss account 149,654 314,263 Utilisation (417,413) (458,058) Exchange rate differences 70,848 (6,234) Closing balance 2,627,072 3,088,731 In H1 2026, the Bank used PLN 80,699 thousand from the estimated impact of legal risk of CHF loans in connection with settlements reached (in H1 2025, the Bank used PLN 179,295 thousand on this account). In H1 2026, the Bank used PLN 336,714 thousand from the estimated impact of legal risk of CHF loans in connection with final judgments received declaring loan agreements invalid (in H1 2025, the Bank used PLN 278,763 thousand on this account). The total impact of legal risk related to litigation is presented in the tables below (in PLN thousand): 30.06.2026 Gross balance sheet value (before adjustment for legal risk) Impact of legal risks Gross balance sheet value (after adjustment for legal risk) Real estate loans for individuals in CHF 1,145,214 952,629 192,585 Impact of legal risk recognised as provisions for litigation - 1,674,443 - Total impact of legal risk 2,627,072 31.12.2025 Gross balance sheet value (before adjustment for legal risk) Impact of legal risks Gross balance sheet value (after adjustment for legal risk) Real estate loans for individuals in CHF 1,393,771 1,139,495 254,276 Impact of legal risk recognised as provisions for litigation - 1,684,488 - Total impact of legal risk 2,823,983
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 78 In estimating the impact of legal risk, the Bank takes into account, among others, the estimated number of future lawsuits, t he number of lawsuits filed, the probability of losing the case, and the Bank’s estimated loss in the event of an unfavourable judgment. In addition, the Bank included in the model the estimated number of settlements that will be made with customers. The amount of the estimated impact of the legal risk associated with the settlements was PLN 122,431 thousand from the total impact estimate. The Bank estimates the probability of losing a case based on historical judgments, separately for the foreign currency and denominated loan portfolios. Due to the observed volatility in case law, the Bank, when estimating the probability of an adve rse judgment, takes into account judgments made after 31 December 2020. In estimating the loss in the event of a judgment declaring the loan invalid, the Bank assumes that the customer is obliged to return the capital paid out without taking into account other benefits from the consumer (remuneration for the use of the capital or valorisation), that the Bank is obliged to return the sum of the principal and interest instalments repaid together with the statutory default interest awarded, and that the Bank writes off the credit exposure. The loss estimate takes into account the time value of money. The accounting effect of signing a settlement agreement with a customer is the derecognition of a CHF loan, the recognition o f a new loan in PLN and the recognition of a result from the derecognition and the recording of settlements with customers. The accounting effect of a final judgment declaring the loan agreement invalid is the derecognition of CHF loan exposure and the recording of settlements with customers due to the declaration of invalidity of the agreement. Should the assumed average loss change by +/- 5%, with all other significant assumptions unchanged, the amount of the estimated impact would change by +/- PLN 65,413 thousand. The Bank conducted a sensitivity analysis of the model used to estimate the number of lawsuits lost. A change in this estimat e would have the following impact on the estimated loss due to legal risk related to CHF loans. The Bank conducted a sensitivity analysis of the model used to estimate the number of future lawsuits. A change in the number of future lawsuits would have the following impact on the estimated loss due to legal risk related to CHF loans. Parameter Scenario Impact on Bank’s loss due to legal risk Number of future lawsuits +20% +PLN 18,294 thousand -20% -PLN 18,294 thousand Additionally, according to the Bank’s assessment, if an additional 1% of customers with CHF loans filed a lawsuit against the Bank, the loss due to legal risk would increase by approx. PLN 14,076 thousand. When calculating the expected loss on legal risk related to CHF loans, the Bank takes into account the available historical d ata, including the content of judgments in concluded cases. The Bank monitors the number of collected certificates and the changin g number of lawsuits in order to update the estimated impact of legal risk of foreign currency loans accordingly. The current line of case -law in cases involving actions by CHF borrowers is unfavourable to banks, but nevertheless some legal issues are still not clarified, in particular the qualification of loans as foreign currency loans. The above issues are rele vant to the assessment of the risks associated with proceedings involving part of the Bank’s portfolio. The Bank monitors the courts’ rulings on an ongoing basis and will adjust the level of estimated impact of legal risk to the current case-law. At the same time, the Bank is aware that the assumptions made are subject to a subjective assessment of the curre nt situation, which may change in the future. In determining the value of the estimated impact of legal risk, the Bank relies on all information available at the date of signing the financial statements. Parameter Scenario Impact on Bank’s loss due to legal risk Percentage of lost cases +5 p.p. +PLN 44,849 thousand -5 p.p. -PLN 65,403 thousand
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 79 At the same time, the Bank has taken into account the right to recognise a deferred tax asset in connection with the entitlement to apply a tax preference in respect of settlements falling within the scope of the Regulation of the Minister of Finance of 11 March 2022, as amended by the Regulation of 20 December 2022, in force until the end of 2024, on the abandonment of the collection of income tax on certain income (net income) related to a residential mortgage loan. Based on the current estimate of the impact of the legal risk associated with foreign currency loans, in connection with the process of invalidating loan agreements denominated in CHF, the Bank recognises PLN 26,500 thousand in deferred tax assets as at 30 June 2026, with an expected realisation by the end of 2027 (PLN 31,161 thousand as at 31 December 2025). In addition, based on: ● the ruling of the Supreme Administrative Court on the tax treatment of returned interest related to cancelled foreign currenc y loan agreements and the exchange rate differences arising in relation to these loans, recognised in previous years, as well as the individual interpretation, according to which statutory interest for late payment ordered by the court consists of a tax - deductible cost for the Bank on the date of payment, and ● the analysis of their impact on the deferred tax estimate, the Bank recognised, in connection with the process of invalidating loan agreements denominated in CHF, a deferred tax asset. As at 30 June 2026, the deferred tax asset was PLN 204,163 thousand (PLN 215,482 thousand as at 31 December 2025). Case-law of the Court of Justice (EU) in 2026 On 22 January 2026, the CJEU issued a judgment in case C -902/24 (Herchoski) against Santander Bank Polska S.A . According to the CJEU, Directive 93/13 must be interpreted as not precluding a judicial interpretation of national law which, in procee dings brought by a consumer seeking to have the mortgage loan agreement concluded with a seller or supplier declared inv alid and to obtain the repayment of the monthly instalments paid under that agreement, allows that seller or supplier, whilst maintaining , primarily, that that agreement is valid, to raise, in the alternative, a plea of set -off based on a claim correspondi ng to the amount of that mortgage loan, provided, first, that the latter claim is not deemed to be due before the court having jurisdiction ha s found that agreement to be invalid and, second, that upholding such a claim does not result in a decision on the costs of the proceedings likely to dissuade the consumer from exercising the rights conferred on him or her by that directive. On 16 April 2026, the CJEU issued three judgments in cases C-752/24 (Jangielak, mBank SA), C-753/24 (Rzepacz, PKO BP SA) and C-901/24 (Falucka, mBank SA). All three cases concerned the limitation of the Bank’s restitution claims on grounds of the loan agreement being invalid. Key conclusions – the CJEU confirmed that: • a counterclaim lodged by the Bank may interrupt the period of limitation of the Bank’s claim even before the final judgment in a case brought by a consumer; • Article 1171 of the Civil Code, which allows in exceptional cases to ignore a consumer’s plea of limitation of the Bank’s claim, does not contravene Directive 93/13; • a statement made by a consumer in the course of court proceedings to the effect that the consumer is aware of the obligation to return the loan principal paid may interrupt the period of limitation of the Bank’s claim. On 2 July 2026, the CJEU gave its ruling in two joined cases: C-261/25 (Ścierbek, BPH) and C-262/25 (Drózdzik, RBI), declaring it admissible for the limitation period for a seller or supplier’s claims against a consumer for the restitution of payments made in performance of a contract found to be null and void as a result of unfair terms contained therein to run from the date on which the consumer challenged for the first time before the seller or supplier the binding nature of those terms. Supreme Court case-law on CHF denominated and foreign currency loans On 25 April 2024, the full formation of the Civil Chamber of the Supreme Court adopted the so -called “large resolution on Swiss franc loans issue”, resolving the key legal issues, ref. III CZP 25/22, according to which: 1) If a provision of an indexed or denominated loan agreement relating to the method of determining the foreign currency exchange rate consists of an unfair contractual term and is not binding, that provision cannot, in the current state of the l aw, be regarded as being replaced by another method of determining the foreign currency exchange rate which results from legal or customary provisions. 2) If it is not possible to establish a foreign currency exchange rate that is binding on the parties in an indexed or denominat ed loan agreement, the agreement shall also not be otherwise binding. 3) Where, in the execution of a loan agreement which is not binding due to the unfair nature of its terms, the bank has provided the borrower with all or part of the amount of the loan and the borrower has made repayments of the loan, independent claims for the repayment of undue benefits arise in favour of each party. 4) If a loan agreement is not binding because of the unfair nature of its terms, the limitation period for the bank’s claim for repayment of amounts paid out in respect of the loan begins, as a general rule, from the day following the day on which the borrower challenged the terms of the agreement as binding.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 80 5) If a loan agreement is not binding because of the unfair nature of its terms, there is no legal basis for either party to cla im interest or other remuneration for the use of its funds during the period between the time when the undue benefit was provided and the time when repayment of that benefit is delayed. The resolution refers only to the effects of declaring conversion clauses in indexed or denominated loan agreements as unfair (without prejudging whether such clauses are unfair). The resolution does not apply to foreign currency loans, where the conversion clauses are of an optional nature and as such are not necessary for the execution of the loan agreement. It should be emphasised that the position of the Supreme Court expressed in the justification does not unequivocally resolve previous divergences in case-law regarding the definition of a foreign currency loan1. However, as the Supreme Court noted in the justification to the resolution, this kind of loan is not subject to questions ref erred by the First President of the Supreme Court. The Supreme Court noted that in the case of foreign currency loans in which there is no problem of unfair terms in determining the exchange rate at the time of disbursement of the loan by the bank, or in which, as a result of the removal of such unfair terms, the agreement is still in force in a form in which, in principle, repayment of the loan in foreign currency is possible, it may be assumed that Article 358 § 2 of the Civil Code, as the relevant provision, applies to the conversion of the exchange rate (i.e. the agreement may be continued using the average exchange rate of the National Bank of Poland). This position of the full formation of the Chamber of the Supreme Court was reflected in a separate opinion of Supreme Court Judge Dariusz Pawłyszcze regarding the judgment of the Supreme Court of 25 June 2024, ref. II CSKP 1765/22 (concerning the Bank). In the justification of the separate opinion, the Judge pointed to the different structure of the Bank’s loan agreements and argued that Resolution III CZP 25/22 did not apply to foreign currency loans as, under such agreements, the option of repayme nt in PLN (at the bank’s exchange rates) is merely the borrower’s right. The case-law of common courts includes decisions pointing to the different nature of foreign currency loans and the impact of such classification on the validity of agreements. This position was taken by the Appeal Court in Warsaw in its legally valid judg ment, favourable to the Bank, of 5 June 2025, ref. VIII ACa 2851/25 , in the judgment of 8 January 2026, ref. VIII ACa 4097/25 , and in the judgment of 10 April 2026, ref. VIII ACa 397/26. The Court stressed the foreign currency aspect of the loan agreement between the Bank and the consumer, found no infringement of consumer interests, and confirmed the validity of the loan agreement. Following the CJEU judgment of 19 June 2025 in case C-396/24 (Lubreczlik), the Supreme Court confirmed the applicability of the legal principle defined in the resolution of the full formation of the Civil Chamber of the Supreme Court of 25 April 2024, ref. III CZP 25/22, i.e., where a loan agreement is not binding due to its terms being unfair, separate claims arise for the return of undue benefits for each party of the agreement (including the judgment of 6 August 2025, ref. II CSKP 774/23, the judgment of 5 September 2025, ref. II CSKP 550/24, the judgment of 18 July 2025, ref. II CSKP 84/23). Furthermore, in its judgment of 10 Ju ly 2025, ref. II CSKP 64/23, the Supreme Court ruled that the legal principle defined by the full formation of the Chamber of th e Supreme Court could only be departed from by passing another resolution of the same formation (Article 88 of the Act on the Supreme Court). On 27 February 2026, the Supreme Court received a legal question concerning the option for the consumer to claim that the seller or supplier repay the entire nominal amount paid in the performance of the agreement to the seller or supplier, irrespective of the amount of the benefit paid to the consumer by the seller or supplier in the performance of the agreement. As at 30 June 2026, 342 appeals on a point of law were filed with the Supreme Court in cases of CHF loans granted by the Bank, 41 appeals were accepted by the Supreme Court for examination and are awaiting substantive decision, as to 181 appeals on a point of law, the Supreme Court issued a decision on refusal to accept them for examination. Nine cases were sent back for examination, while in 31 it dismissed the appeals on a point of law. Act on special solutions for handling cases concerning loan agreements denominated or indexed to CHF concluded with consumers On 30 January 2025, the Ministry of Justice published a draft Act on special solutions for handling cases concerning loan agreements denominated or indexed to CHF concluded with consumers. Following comments raised in the public consultation and the CJEU judgment of 19 June 2025 in case C-396/24 (Lubreczlik), a new draft Act was published dated 30 June 2025. The Act was passed on 29 May 2026 and entered into force on 7 August 2026. The goal of the draft law is to accelerate court proceedings concerning loan agreements denominated in or indexed to CHF. The key mechanisms set out in the draft include: ● protection of consumer interests (Article 3) – once an action lodged by a consumer is served on the defendant or once a counterclaim lodged by the consumer is served on the plaintiff, the obligation of the consumer to perform the benefits arisin g from the loan agreement is suspended by law until the proceedings are closed with a final judgment; 1 Cf. Supreme Court judgment of 20 May 2022, ref. II CSKP 713/22, Supreme Court order of 24 June 2022, ref. I CSKP 2822/22, Sup reme Court judgment of 26 January 2023, ref. II CSKP 408/22, Supreme Court judgment of 31 January 2023, ref. II CSKP 334/22, Suprem e Court judgment of 15 September 2023, ref. II CSKP 1356/22, Supreme Court judgment of 9 May 2024, ref. II CSKP 2416/22 and Supreme Court judgment of 25 July 2024, ref. II CSKP 1424/22.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 81 ● counterclaim (Article 8) – change to the time limitation in civil proceedings (under the general procedure, no later than in the statement of defence) – allowing for a counterclaim to be lodged until the hearing is closed in first instance. Individual settlements offered by the Bank in CHF loan cases Since December 2021, the Bank is involved in individual negotiations with its customers with whom the Bank is in dispute or f or whom there is a reasonable risk of entering into a dispute. The Bank took this parameter into account when updating the amoun t of the total impact of legal risk. As at 30 June 2026, the Bank made individual settlement proposals to 14,727 customers (14,473 customers as at 31 December 2025) and 7,490 customers accepted the terms of the proposals presented (7,130 in 2025), out of which 7,044 settlements were signed (6,724 in 2025). Other material court proceedings Court proceedings concerning mortgage loan agreements with interest rates based on WIBOR In January 2023, the Bank received the first claims challenging the variable interest rate clauses based on the WIBOR benchmark in mortgage loan agreements. These claims seek to challenge WIBOR as the basis for variable interest rates. In addition, the extent to which and the manner in which consumers are provided with instructions and information about the volatility of the benchmark as well as the methods of calculating the benchmark and the factors influencing its change are contested. By 30 June 2026, the Bank received a total of 179 claims (three claims were withdrawn). The actions relate mainly to mortgage loan agreements in PLN. The total value of the subject of litigation in ongoing court proceedings lodged by customers is PLN 49,933 thousand. Most of the court proceedings are pending before the courts of first instance. In 26 cases, judgments of the court of first instance favo urable to the bank were issued, seven of which are legally binding. One judgment is unfavourable to the Bank and is not legally binding. Arguments challenging WIBOR as a benchmark are also raised in debt enforcement cases filed by the Bank. The Bank’s position is that the customers’ claims are unjustified, in particular in view of the fact that WIBOR is an official benchmark whose administrator has received the relevant approvals required by law, among others from the Polish Financial Supervi sion Authority, and the process of its determination, carried out by the administrator (an independent entity not affiliated with the Bank), is in accordance with the law and is also subject to supervisory assessment by the Polish Financial Supervision Aut hority. The Polish Financial Supervision Authority confirmed WIBOR’s compliance with the requirements of the law. The same position was presented by the Financial Stability Committee, which comprises representatives of: the National Bank of Poland, the Pol ish Financial Supervision Authority, the Ministry of Finance, and the Bank Guarantee Fund. On 12 February 2026, the CJEU issued its judgment in case C-471/24 (PKO BP SA), in which it held that a national court may not examine the method of determining the WIBOR benchmark, as doing so would violate the EU Benchmarks Regulation (BMR). The Court did not accept the allegations challenging the reliability or market-based nature of WIBOR. The CJEU stated that banks did not have any special information obligations regarding the methodology of this benchmark. Banks are required to comply with the information obligations imposed by Directive 2014/17/EU of the European Parliament and of the Council of 4 February 2014 on credit agreements for consumers relating to residential immovable property, amending Directives 2008/48/EC and 2013/36/EU, and Regulation (EU) No 1093/2010 as amended by Regulation 2016/1011, since the obligation to publish and make available the benchmark methodology rests with the benchmark administrator. A bank is not required to inform the consumer about the specific characteristics of the benchmark, in particular the nature of the input data (price quotations rather than actual transactions) used to determine it, nor that the creditor contributes such data for the benchmark’s calculation. The bank’s contribution of inpu t data also does no t constitute an imbalance in the rights and obligations of the parties. A potential breach of information obligations regarding variable interest rates is not, in itself, sufficient to invalidate the contract. Even in the event of such a breac h, the court must subsequently examine the fairness of the clause. In practice, this means comparing the contractual interest rate with statutory interest and with market rates applicable at the time the contract was concluded. Three other questions referred to the CJEU are pending, concerning variable interest rates based on WIBOR (C -586/25 Cedrosiwicz vs. PKO BP SA, C -607/25 Koż vs. BNP Paribas Bank Polska SA, C - 630/25 Krywiga vs. PKO BP SA ). One of the questions referred was raised in a case pending against the Bank. Court proceedings concerning claims of investment fund members in connection with the function of investment fund depositary As at 30 June 2026, the Bank was a party to 198 lawsuits in individual claims and 6 lawsuits in collective proceedings lodged by investment fund members in connection with the function of investment fund depositary (including the investment fund depositary function performed by Raiffeisen Bank Polska S.A.). The total amount of the claims is PLN 218,902 thousand. The total provisions are PLN 4,274 thousand.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 82 The first two collective claims were filed by members of the Retail Parks Fund of Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych w likwidacji (formerly Fundusz RPF) respectively on behalf of 397 members with claims at PLN 96,221 thousand and on behalf of 181 members with claims at PLN 25,302 thousand. Other collective claims are to establish the Bank’s responsibility for its actions as depositary of the following funds: (3) PSF 2 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych (filed on behalf of 17 fund members; claims value not specified), (4) PSF Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych (filed on behalf of 81 fund members; claims value not specified) (5) EPEF Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych (filed on behalf of 42 fund members; claims value PLN 6,368 thousand) and (6) PSF Lease Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych (filed on behalf of 38 fund members; claims value PLN 8,988 thousand). The claims raised focus in particular on undue performance by Raiffeisen Bank Polska S.A. and subsequently the Bank of obligations to ensure that the net asset value of the fund and the net asset value per investment certificate are calculated in accordance with the law and the investment fund statute and of the obligation to check the compliance of the investment fund with laws governing investment funds and with the statute. The Bank takes the view that the claims of the fund members against the Bank are unfounded. Up to 30 June 2026, a total of 35 non-final judgments of first instance courts and 6 legally valid judgments were passed: ● 1 legally valid judgment unfavourable to the Bank (in the case of the InMedica fund, the Court awarded PLN 64 thousand to the plaintiff due to incorrect diversification of fund assets); ● 5 legally valid judgments favourable to the Bank (in the case of the InMedica fund (2), EPEF 2 (1) and (1) and PSF Lease (2), the Court dismissed the claim in its entirety as the criteria of the Bank’s liability for damages were not met); ● 35 non-final judgments favourable to the Bank (claims of individual fund members were dismissed as the criteria of the Bank’s liability for damages were not met). Court proceedings concerning free credit sanction referred to in Article 45 of the Consumer Credit Act of 12 May 2011 The institution of free credit sanction is regulated in Article 45 of the Consumer Credit Act, according to which, in the eve nt of a breach by the creditor of the provisions of the Act listed therein, the consumer, after submitting a written statement to the creditor, shall repay the credit without interest and other credit costs due to the creditor within the time limit and in the manner ag reed in the credit agreement, and if no such manner has been agreed, shall repay the credit in equal instalments, paya ble monthly, from the date of the conclusion of the credit agreement. Pursuant to Article 45(5) of the Consumer Credit Act, the entitlement to the free credit sanction expires one year after the execution of the credit agreement. The first lawsuits related to customers’ use of the free credit sanction started to be received by the Bank in 2021. As at 30 June 2026, the Bank received 2,035 lawsuits with a total litigation value of PLN 52,018 thousand. As at 30 June 2026, the provisions stood at PLN 2,484 thousand. The Bank disputes the validity of the claims raised in these cases. The case-law to date is overwhelmingly in favour of the Bank. Out of all the cases pending against the Bank: 1,363 are at first instance, 248 are at the second instance stage, while 424 h ave been finalised. The use of the free credit sanction is also raised in the Bank’s debt enforcement proceedings. As at 30 June 2026, the plea was raised in 71 such cases. Legal issues concerning the free credit sanction are the subject of numerous preliminary questions referred by Polish courts to the Court of Justice of the European Union (CJEU) concerning: ● the admissibility of interest on the part of the loan allocated to financing of non-interest credit costs and the related information obligations incumbent on financial institutions in this regard, including whether the free credit sanction may apply as a result of calculating contractual amounts, such as the annual interest rate including interest charged on amounts borrowed to finance non-interest credit costs (C-473/25, C-828/25, C-763/25, C-433/26), ● the interpretation of the one-year time limit for declaring use of the free credit sanction (C-828/25, C-433/26), ● the scope of the consumer’s information on the early repayment procedure (C-831/24), ● examination by the court of its own motion of the creditor’s infringement of provisions other than those specified in the declaration of use of the free credit sanction (C-831/24), ● the application of the free credit sanction in the light of the principle of proportionality (C-831/24, C-684/25), ● the mutual relation of unfair terms of contracts and the free credit sanction (C -429/25, C-684/25) and information obligations of the Court versus the consumer in this regard (C-684/25), ● the admissibility of the free credit sanction where the financial institution performed the information obligation but the information provided to consumers was erroneous or unclear (C-473/25),
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 83 ● the admissible method of phrasing the modification clause on fees and commissions reserved in the agreement and the grounds for the free credit sanction in the case of minor irregularities which do not affect the consumer’s decision to enter into the agreement (C-684/25). On 24 October 2024, the Court of Justice (EU) passed its judgment in Case C -339/23 (Horizon) and ruled that the provisions of Directive 2008/48/EC allow the Member States to introduce various sanctions for failure to carry out a consumer credit assessment and for breach of the information obligations set out in the Directive. The CJEU did not analyse the Polish legislation or identify a specific sanction for breaching the obligation to carry out a consumer creditworthiness assessment, noting that the choice of sanctions is up to the Member State, provided that they are effectiv e, proportionate and dissuasive. In Article 45 of the Consumer Credit Act, the legislator did not provide for the possibility of applying a free credit sanction for a bank’s breach of its obligation to examine the consumer’s creditworthiness. On 13 February 2025, the CJEU passed its judgment in case C-472/23 and ruled that: 1. the fact that a credit agreement refers to an annual percentage rate of charge, which proves to be overstated because certain terms of that agreement are subsequently found to be unfair, does not constitute, in itself, an infringement of the creditor’ s obligation to provide information which may result in the application of the free credit sanction; 2. the provisions of the loan agreement which provide for a change in the fees paid under the agreement should be worded in a clear and understandable way so that a reasonably well-informed and reasonably observant and circumspect consumer is in a position to ascertain whether circumstances justifying an increase in the costs have arisen and their effect on those costs; 3. the principle of proportionality of sanctions does not preclude national legislation which provides for a uniform penalty in the event of an infringement of the creditor’s information obligation, consisting of depriving the creditor of its right to inter est and charges, irrespective of the level of seriousness of such an infringement, where that infringement is capable of calling into question the possibility for the consumer to assess the extent of his or her liability. On 9 October 2025, the CJEU passed a judgment in case C -80/24 and ruled that Directive 2008/48 does not preclude national legislation that allows a consumer to assign a claim arising from the infringement of a right conferred on him or her to a third party which is not a consumer and that Directive 93/13 must be interpreted as meaning that a national court is not required to exam ine of its own motion the unfairness of a term in a claim assignment agreement concluded where the dispute does not concern that assignment agreement, but the consumer’s claim against that seller or supplier. On 23 April 2026, the CJEU passes a judgment in case C -744/24 (Bank Polska Kasa Opieki) concerning charging of interest on amounts borrowed to finance non-interest credit costs and ruled that Article 3(g) and (j) of Directive 2008/48/EC of the European Parliament and of the Council on credit agreements must be interpreted as precluding the inclusion, in consumer credit agreements, of terms providing for the application of the interest rate not only to the total amount of the credit but also to sums allocated to the payment of costs associated with that credit and which, as a result, form part of the total cost of the credit to th e consumer. The Bank has implemented the new interpretation of the provisions of the Consumer Credit Act arising from the judgment in case C-744/24; the products now offered do not include the financing of non -interest costs with the loan. As at the date preceding the judgment, only car loans offered by the Bank included the financing of insurance costs with the loan. The interpretation of the provisions concerning the free credit sanction is also the subject of legal issues referred for consideration by the Supreme Court (ref. III CZP 3/25 and III CZP 15/25) concerning: • the obligation of the court to examine of its own motion all circumstances which justify the application of the free credit sanction (including other than those indicated in the content of the declaration submitted by the consumer on the use of the free credit sanction), • the interpretation of the one-year time limit for the submission of the declaration on the use of the free credit sanction, • the mutual relation of unfair terms and the free credit sanction, • the admissibility of interest on the part of the loan allocated to financing of non -interest costs and the possibility of applying the free credit sanction on this account. The Supreme Court has suspended these cases as long as the cases referred by Polish courts to the CJEU are pending. The Bank estimated the impact of the CJEU judgment in case C-744/24 on its statement of profit or loss at PLN 42.8 million in H1 2026.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 84 51. FINANCIAL RISK MANAGEMENT CREDIT RISK Credit risk is inherent in the core financial operations of the Group, the scope of which includes both lending and providing funding with the use of capital market products. Consequently, credit risk is identified as the risk with the highest potential to affect the present and future profits and equity of BNP Paribas Bank Polska S.A. Proof of the key nature of credit risk is its 56% share in the total economic capital estimated by the Group for purposes of covering major risks involved in the Bank’s opera tions, in addition to its 87% share in the total value of regulatory capital. Credit risk management is primarily aimed at implementation of the Group’s strategy through a harmonious increase in the loan portfolio, accompanied by maintenance of the credit risk appetite at an acceptable level. Credit risk management principles adopted by the Group include: ● each credit transaction requires comprehensive credit risk assessment expressed in internal rating or scoring; ● in-depth and careful financial analysis serves as the basis for regarding the customer’s financial information and collateral data as reliable; prudential analyses performed by the Group always take into account a safety margin; ● as a rule, financing is provided based on the customer’s ability to generate cash flows that ensure payment of liabilities to the Group; ● credit risk assessment is additionally verified by credit risk assessment personnel, independent of business units; ● pricing terms of a credit transaction have to take account of the risk involved in such a transaction; ● credit risk is diversified with regard to geographical regions, industries, products and customers; ● credit decisions may only be taken by competent employees; ● the Group enters into credit transactions only with known customers and long-term relationships are the basis for cooperation with customers; ● the customer and the transactions made with the customer are monitored transparently from the perspective of the customer, in a manner strengthening the relationship between the Group and the customer. Concentration risk is the Bank’s risk inherent in its statutory operations, which is appropriately defined and managed. The Management Board assesses the concentration risk management policy in terms of its application. In particular, it analyse s the efficiency and adequacy of the principles applied in the context of the current and planned operations and risk managemen t strategy. The adequacy of the concentration risk management process is reviewed if any material changes are observed in the Group’s environment or if the risk management strategy is modified. The appropriate assessment of the concentration risk of t he Group is highly dependent on correct identification of all key concentration risks. In justified cases, the Group identifies concentration risk when planning its new activities involving the development and launch of new products, services, expansion to new markets, considerable alterations of products and services or market changes. Credit portfolio diversification is one of the key credit risk management tools. The Group avoids excessive credit concentration, as it increases the risk. Possible losses pose a considerable threat, and therefore the concentration level should be monitore d, controlled and reported to the Group’s management. Key concentration risk mitigation tools include risk identification and measurement mechanisms and exposure limits in individual Bank portfolio segments and in subsidiaries. These tools enable internal diversification of the loan portfolio and mitigation of negative effects of adverse changes in the economy. A significant concentration area (aspect) is one whose share in the Group’s balance sheet total is equal or higher than 10% or 5% of the net profit planned for a given year. In such cases, a given concentration area (aspect) is subject to analyses, report ing and management under the concentration risk management process. An important potential source of credit risk is the high concentration of the Bank’s credit exposures in individual entities or groups of entities with capital and organisational links. In order to mitigate it, EU Regulation No 575/2013 sets a limit on the Bank’s maximum exposure. In accordance with Article 395 of Regulation No 575/2013: An institution shall not incur an exposure to a customer or group of connected clients the value of which exceeds 25 % of its Tier 1 capital, after taking into account the effect of the credit risk mitigation in accordance with Articles 399 to 403. Where that client is an institution or an investment firm, or where a group of connected clients includes one or more institutions or investment firms, that value shall not exceed 25 % of the institution’s Tier 1 capital or EUR 150 million, whichever is higher, provided that the sum of exposure values, after taking into account the effect of the credit risk mitigation in accordance with Articles 399 to 403, to all connected clients that are not institutions or investment firms, does not exceed 25 % of the institution’s Tier 1 capital. As at 30 June 2026, the limits set out in Article 395 of the Regulation No. 575/2013 with respect to BNP Paribas S.A Group entities were not exceeded, the Bank’s exposure represented 11.0% of Tier 1 capital on a consolidated basis. With regard to the limit of exposure to entities outside the BNP Paribas S.A. Group, the limits were not exceeded, the larges t exposure represented 18.0% of Tier 1 capital on a consolidated basis.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 85 Concentration risk tolerance in the Group is determined by a system of internal limits, including both assumed development directions and growth rate of the Group’s business, an acceptable level of credit risk and liquidity risk, as well as external conditions, macroeconomic and sectoral perspective. Among others, internal limits for credit concentration risk are determined for: ● selected sectors / industries; ● exposures denominated in foreign currencies; ● customer segments (intra-bank customer segmentation); ● loans secured with a given type of collateral; ● geographical regions; ● average probability of default; ● exposures with a specified rating (the Group’s internal rating scale); ● exposures with a specified debt-service-to-income ratio; ● exposures with a specified loan-to-value ratio. Measures that limit the Group’s exposure to concentration risk may include systemic measures and one -off / specific decisions and transactions. Systemic measures that limit concentration risk include: ● reduction of the scope of crediting of determined customer types through credit policy adjustment; ● reduction of concentration risk limits; ● diversification of asset types at the level of the Group’s statement of financial position; ● change of business strategy to ensure prevention of excessive concentration; ● diversification of accepted collateral types. The Group’s concentration risk mitigation measures which are single/specific decisions and transactions include the following: ● reduction of further transactions with a given customer or a group of related customers; ● sale of selected assets/loan portfolios; ● securitisation of assets; ● establishing new collateral types (e.g. credit derivatives, guarantees, sub -participation, and insurance contracts) for existing or new credit exposures. The industry concentration analysis covers all of the Group’s credit exposures to institutional customers. The Group defines industries based on the Polish Classification of Business Activities. The structure of the Group’s exposure to industries ana lysed as at 30 June 2026 shows concentration towards the following industries: Agriculture, Forestry, Hunting and Fishing, and Industrial Processing. As at 30 June 2026, the share of Industrial Processing decreased by 1.7 p.p. compared to 31 December 2025, i.e. to 20.2%, while the share of Agriculture, Forestry, Hunting and Fishing decreased by 0. 1 p.p. compared to 31 December 2025 and amounted to 14.4% of industry exposure.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 86 The table below shows the breakdown of loans measured at amortised cost and those measured at fair value through profit or loss by industry of activity. Gross balance sheet value* Gross balance sheet value* Share of impaired loans Share of impaired loans Industry 30.06.2026 31.12.2025 30.06.2026 31.12.2025 RETAIL CUSTOMERS 35,427,214 34,428,411 1.8% 2.0% CORPORATE CUSTOMERS: 61,878,465 59,064,848 3.1% 3.3% AGRICULTURE, FORESTRY, HUNTING AND FISHING 8,936,756 8,454,567 3.4% 3.8% MINING AND QUARRYING 47,151 42,956 2.7% 0.9% MANUFACTURING 12,495,296 12,947,052 6.4% 6.2% ELECTRICITY, GAS, STEAM, HOT WATER AND AIR CONDITIONING SUPPLY 1,490,342 1,380,018 0.2% 0.2% WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES 155,298 137,032 9.4% 10.8% CONSTRUCTION 3,435,930 2,685,443 2.7% 4.8% WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES 8,421,447 8,167,121 3.0% 3.3% TRANSPORTATION AND STORAGE 2,587,777 2,654,454 4.8% 2.7% ACCOMMODATION AND FOOD SERVICE ACTIVITIES 405,112 433,590 6.5% 6.8% INFORMATION AND COMMUNICATION ACTIVITIES 3,450,834 3,217,547 0.3% 0.4% FINANCIAL AND INSURANCE ACTIVITIES 3,834,329 2,988,246 0.1% 0.2% REAL ESTATE ACTIVITIES 6,196,754 6,525,917 2.7% 3.2% PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES 3,567,183 3,129,000 0.9% 1.1% ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES 4,609,728 4,072,223 1.0% 0.6% PUBLIC ADMINISTRATION AND DEFENCE, COMPULSORY SOCIAL SECURITY 354,001 168,147 0.0% 0.0% EDUCATION 170,798 262,172 2.0% 3.4% HUMAN HEALTH AND SOCIAL WORK ACTIVITIES 1,489,926 1,490,507 0.9% 1.3% ARTS, ENTERTAINMENT AND RECREATION ACTIVITIES 48,785 87,199 4.7% 4.7% OTHER ACTIVITIES 181,018 221,657 3.3% 4.8% Total 97,305,679 93,493,259 2.6% 2.8% *Financial data have been rounded and presented in PLN’000, and therefore, in some cases, the totals may not correspond exact ly to the total sum. The Group manages the risk of collateral concentration. For this purpose, the Group introduced limits on the share of particu lar types of collateral, ensuring their appropriate diversification. As at 30 June 2026 and as at 31 December 2025, the limits were not exceeded.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 87 Structure of overdue receivables The structure of the loan portfolio (measured at amortised cost and measured at fair value through profit or loss) divided in to impaired exposures and not impaired exposures along with the level of arrears in repayment is presented in the tables below. 30.06.2026 Structure of overdue loan portfolio (net balance sheet value) not impaired impaired Total 0 days 1-30 days 31-60 days 61-90 days Overdraft 33,872,034 1,149,582 37,736 11,904 532,181 35,603,437 Investment loans 20,453,938 506,381 6,239 575 258,997 21,226,130 Mortgage loans for retail customers 21,339,089 57,025 2,909 925 90,586 21,490,534 Other loans 10,259,866 38,424 5,818 697 185,460 10,490,265 Lease receivables 5,834,933 158,457 4,757 12,241 100,882 6,111,270 Total 91,759,860 1,909,869 57,459 26,342 1,168,106 94,921,636 *Financial data have been rounded and presented in PLN’000, and therefore, in some cases, the totals may not correspond exact ly to the total sum. 31.12.2025 Structure of overdue loan portfolio (net balance sheet value) not impaired impaired Total 0 days 1-30 days 31-60 days 61-90 days Overdraft 32,549,586 1,140,705 24,758 11,952 572,615 34,299,616 Investment loans 18,702,827 540,562 8,896 687 274,438 19,527,410 Mortgage loans for retail customers 20,946,527 62,118 4,752 1,383 94,458 21,109,238 Other loans 9,765,648 154,634 4,728 1,783 149,869 10,076,662 Lease receivables 5,780,798 213,871 17,568 4,945 143,753 6,160,935 Total 87,745,386 2,111,890 60,702 20,750 1,235,133 91,173,861 *Financial data have been rounded and presented in PLN’000, and therefore, in some cases, the totals may not correspond exact ly to the total sum. With regard to the mortgage loan portfolio, the Bank defines DSTI (debt service to income) as the ratio of the total annual c ost of servicing credit and non-credit financial commitments (from which the retail customer cannot withdraw, i.e. arising, inter alia, from legislation or having a permanent and irrevocable nature) to the total annual income of the retail customer. In accordance wi th its mortgage lending policy, the Bank sets maximum levels for DSTI following the requirements of Recommendation S. The Bank monitors the level of DSTI during annual credit policy reviews, as well as in dedicated ad hoc analyses. As at 30 June 2026, the Bank does not observe increased credit risk for new loan production as well as the existing mortgage loan portfolio. Both Vintage ratios and NPL (non -performing loan) levels in the mortgage segment are stable at levels no higher tha n those observed in the Polish banking market. Due to the ongoing war in Ukraine and the economic sanctions imposed on Russia and Belarus, the Bank analysed credit exposures directly related to these countries and, on this basis, did not identify significant exposures in the corporate and retail portfolios. At the same time, the Bank monitors the situation of customers on an ongoing basis with a view to protecting the loan portfolio and maintaining its high quality. Preventive actions taken in Q1 2022 are continued. As part of these activities, institutional customers are analysed if their business activity is: ● linked to the economies of the above countries and thus may be vulnerable to war and imposed sanctions, ● particularly vulnerable to inflation, ● vulnerable to the Russian gas embargo, ● exposed to a more restrictive US trade policy.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 88 For the selection of the war-exposed loan portfolio, the Bank takes into account, inter alia, the following factors: ● export/import to/from countries at risk, ● capital or organisational links with Russian or Belarusian citizens, ● transport services provided in countries at risk or logistic channels passing through countries at risk, ● production carried out in countries at risk, ● investments in fixed assets and capital investments in countries at risk, ● existence of commercial contracts in countries at risk (especially construction contracts), ● employment of workers from Russia, Ukraine or Belarus, ● distribution of Russian and Belarusian goods or services (risk of boycott of goods). In the case of inflation, on the basis of information provided by the Economic and Sectoral Analysis Department, the Bank selected industries that were particularly sensitive. The share of energy and material costs in operating expenses and the share of exports in revenue were taken into account. An increased risk threshold was defined for each of these factors. Information on the possibility of passing on price increases to customers was also included in the sensitivity assessment. To assess the impact of customs tariffs imposed by the USA, the Bank performed a sector analysis based on public data of exports to the USA. The analysis identified sensitive sectors which were divided into 4 categories: high impact, relatively high impa ct, relatively low impact, low impact. The group of customers selected on this basis was subject to further detailed analysis in order to identify activities with a higher level of risk. The risk assessment is updated on a semi-annual basis. The Bank reviewed the loan portfolio in view of the ongoing conflict in the Middle East. The attack of Israel and U.S. on Ira n and Iran’s retaliation targeting Gulf states (including Saudi Arabia and United Arab Emirates) have caused turbulences in the ene rgy commodity market. Rising oil prices and weaker zloty are major inflation drivers which may force the NBP to withhold or delay the resumption of monetary easing. Consequently, the Bank identified industries which are particularly sensitive to rising ene rgy and fuel prices and performed an assessment of the sensitivity of individual customers. As a result of the analysis, the Bank decided to create additional provisions in the form of Post Model Adjustment related to the risk of clients particularly exposed to the effects of the conflict. Details of the provisions created in the form of Post Mod el Adjustment are presented in Note 7 a Impairment of financial assets. Forbearance practice The Group treats its exposures as forborne if the debtor is provided with facilities due to economic reasons (financial diffi culties), including any facility granted for exposures with identified impairment triggers. In case a facility is granted for a cus tomer with a material economic loss, the Bank classifies such a customer as default. A facility is understood as the occurrence of at least one of the following events: ● a change to the repayment schedule, especially extending the loan maturity date; ● cancellation of overdue amounts (e.g. capitalisation of an overdue amount, which can be repaid at a later date); ● redemption of principal, interest or fees; ● consolidation of loans into one new product, if the amounts of payments of the consolidated loan are lower than the sum of payments of these loans separately before the consolidation occurred; ● decrease of the base interest rate or margin; ● originating a new loan to repay the existing debt; ● currency conversion of an existing loan; ● amendment or waiver of significant provisions of the agreement (e.g. a condition of the agreement that was breached as a result of financial difficulties); ● additional collateral presented by the Borrower (if present together with another event meeting the definition of a facility) or sale of the collateral agreed with the Bank, with the proceeds from the repayment of the collateral being used to repay the Bank’s loan. The above events are treated as facilities granted for economic reasons only in the situation of customer’s current financial difficulties or, in the event of changes on the market environment, where such difficulties may occur in the future. For retail customers, non-reporting individual farmers and companies with simplified accounting, an event of financial difficulties is identified where: ● the exposure is subject to debt enforcement; or ● the exposure is not subject to debt enforcement but there is evidence (provided by the customer or obtained in the decision - making process) that the customer is facing financial difficulties or may be facing them in the near future. For other customers: ● customer with default status, or ● customer with indicated rating meeting defined financial criteria.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 89 The Bank also has dedicated criteria regarding financial difficulty for customers from the Real Estate segment. A material economic loss is defined by the Bank as a decrease of present value of expected cash flows, resulting from facilit ies granted, equal to or higher than 1%. The decrease of the present value is calculated in accordance with the formula below: 𝑁𝑃𝑉0 − 𝑁𝑃𝑉1 𝑁𝑃𝑉0 where: NPV0 – the present value of expected cash flows (including interest and fees / commissions) prior to the introduction of changes in loan terms, discounted with the original effective interest rate, NPV1 – the present value of expected cash flows (including interest and fees / commissions) after the introduction of changes in the loan terms, discounted using the original effective interest rate. In the case of consolidation of many loans, the original interest rate for the purpose of assessing the significance of economic loss is the average EIR weighted with the gross balance sheet exposure at the moment of granting the facility. The change in the present value of expected cash flows is calculated at the level of single exposure. In justified cases resulting from complex restructuring measures for a given customer (e.g. priority repayment of loans with a collateral of a low value), it is permissible to calculate NPV at the level of a customer. The forborne status is no longer assigned if the following conditions have been satisfied: ● exposure reclassified to performing portfolio as a result of the analysis of financial situation (in case of corporate portfo lio), which proved that the customer does not meet the criteria for being classified to the impaired portfolio; ● the exposure has not been considered impaired for 24 months in a row; ● none of the exposures to the customer are more than 30 days past due; ● the debtor has been making regular and considerable payments for at least a half of the trial period. The forborne status is revoked in accordance with the aforementioned conditions, while the extension of the period of exit fr om forborne status requires a credit decision by the competent credit decision -makers; in other cases the status is revoked automatically. Country risk Under credit risk, the Bank additionally distinguishes country risk, which covers all risks related to conclusion of financia l agreements with foreign parties, where it is possible that economic, social or political events will have an adverse effect o n creditworthiness of the Bank’s debtors in that country or where intervention of a foreign government could prevent the debtor (which could also be the government itself) from meeting its liabilities. The Bank’s policy concerning country risk has been conservative. Country limits have been reviewed periodically and the limit level modified to precisely match the anticipated business needs and risk appetite of the Bank. As at 30 June 2026, 83% of the Bank’s exposures to countries other than Poland were transactions related to the Bank’s foreig n lending activities, treasury transactions (including placement and derivative transactions) amounted to 12% and the remainder (5%) was foreign trade transactions (letters of credit and guarantees). France accounted for 32% of exposures, Cyprus 18%, Italy 12%, the Netherlands 10%, Luxembourg 8%, Germany 6%, Spain 5%, and Austria 3%. The remaining exposures were concentrated in Turkey, Belgium, and the UK. The Bank had no material credit exposures in Russia, Ukraine, Belarus and Iran. COUNTERPARTY RISK Counterparty risk is the credit risk concerning counterparty transactions in case of which the amount of liability may change in time depending on market parameters. Therefore, counterparty risk is related to transactions in instruments whose value may cha nge over time depending on such factors as interest rates or foreign exchange rates. The varying exposure may affect the customer’s solvency and is of crucial importance to the customer’s ability to meet its liabilities when the transaction is settled. The Bank’s customers may enter into financial market transactions. The exposure is determined by the Bank on the basis of the current measurement of contracts as well as the potential future changes in the exposure, depending on the transaction type, customer type, and settlement dates. As at 30 June 2026, counterparty risk was calculated for the following types of transactions: foreign exchange transactions, interest rate swap transactions, FX options, interest rate options, and commodity derivatives. As at 30 June 2026, the Bank’s exposure to counterparty risk due to concluded derivative transactions was PLN 2.9 billion (PL N 2.6 billion as at 31 December 2025). Corporate customers accounted for 78% of the exposure, while the remaining 22% were banks.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 90 In connection with the military conflicts in Ukraine and in the Middle East, the Bank observes increased volatility in market risk parameters, which translates into fluctuations in counterparty risk exposure. The Bank assesses counterparty risk on an ongoi ng basis by conducting reviews of customers in case of whom this risk exists. The Bank maintains the application of its basic principle of “Know Your Customer”. Due to the non -standard situation, some customers may be asked for additional information related to the change in business. The Bank also takes into account the higher volatility of the above parameters in risk assessment when entering into new transactions. The Bank has not observed significant changes in the materialisation of counterparty risk. INTEREST RATE RISK IN THE BANKING BOOK As part of interest rate risk management in the banking book, the Group distinguishes structural elements consisting of a par t of non-interest-bearing current accounts and the Group’s equity which is stable and insensitive to interest rates and market conditions, as well as other commercial items. In terms of structural elements, the Group hedges a significant portion of them with long -term positions (bonds, interest rate swaps). Regarding other commercial items, the Group aims to hedge interest rate risk. Thanks to the medium - and long-term investments of the structural elements, the Group’s supervisory outlier test of net interest income sensitivity (SOT NII) remains below 5% of Tier1 capital. As at 30 June 2026, SOT NII stood at 3.66%. At the same time, the supervisory outlier test for the economic value of equity (SOT EVE) remains significantly below the regulatory limit of 15 % of Tier1 capital. As at 30 June 2026, the maximum SOT EVE was 6.43%. Utilisation of other interest rate limits in H1 2026 was stable. In order to limit the volatility of the Bank's result, fair value hedge accounting and cash flow hedge accounting are applied . The type of hedging relationship depends on the current balance sheet structure and the interest rate risk profile of the banking book Annual net interest income sensitivity to an immediate shift of market rates by 100 bps (in PLN’000), assuming no shift betwe en deposit products, is presented in the tables below. The decrease in net interest income sensitivity from December 2025 to Jun e 2026 was mainly due to a decrease of the non -stable part of non-interest-bearing current accounts and interest rate risk hedging transactions. Immediate shift in interest rates for all currencies by 100 bps: 30.06.2026 31.12.2025 increase 266,427 348,579 decrease (276,247) (356,009) Immediate shift in interest rates for PLN by 100 bps: 30.06.2026 31.12.2025 increase 185,567 235,769 decrease (195,467) (243,407) The war in Ukraine and in the Gulf did not affect the method of managing the interest rate risk in the banking book. Impact of the benchmark reform on BNP Paribas Bank Polska S.A. In connection with a plan to replace the WIBOR interest rate benchmark with a new benchmark, the Polish Financial Supervision Authority (“KNF”) established, at the request of financial market participants, a National Working Group (“NWG”). The work of the NGR is supervised and coordinated by the NWG Steering Committee. Following a 2024 review and analysis of benchmarks alternative to WIBOR, the NWG Steering Committee identified POLSTR as the target benchmark on 18 December 2024. POLSTR represents the average interest rate weighted with the volume of O/N deposit transacti ons in PLN on the wholesale money market defined as the market of unsecured deposits made by credit institutions and financial institutions. The POLSTR administrator within the meaning of Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 (BMR) is a subsidiary of the Warsaw Stock Exchange, GPW Benchmark S.A., entered in the register of the European Securities and Markets Authority. On 2 June 2025, GPW Benchmark S.A. started to publish POLSTR and POLSTR-based compound indices: the single-base index and historical compound indices for 1M, 3M and 6M. On 30 September 2025, GPW Benchmark S.A. announced cessation of the provision and publication of selected WIBID and WIBOR reference rates: ● Overnight (O/N) – as of 1 October 2026, ● Tomorrow/Next (T/N) – as of 22 December 2025,
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 91 ● 2 Weeks (2W) - as of 22 December 2025, ● WIBOR 1 year (1Y) as of 22 December 2025 based on the existing method, but from 22 December 2025 to 21 December 2026, WIBOR 1Y is determined under the algorithmic method based on WIBOR 3M and an adjustment spread. The communication also referred to the 1 week (SW) WIBOR which is calculated as of 22 December 2025 as an index within the meaning of the BMR. As of that date, the SW values cannot be used or applied in financial contracts and instruments as a benchmark within the meaning of the BMR. As of November 2025, the Ministry of Finance has been issuing Treasury bonds based on POLSTR with interest rates based on a compound interest rate calculated separately for each business day of the interest period. On 18 May 2026, GPW Benchmark S.A. and KNF published communications on the cessation of the provision of the WIBID and WIBOR Reference Rates for the tenors of one month (1M), three months (3M), six months (6M) in an orderly fashion as of 1 January 2037. This was reflected in a communication published by the NWG. The communicated measures follow the direction of the benchmark reform. The WIBID and WIBOR rates for those tenors may continue to be applied in historical portfolios of financial instruments and contracts in compliance with the BMR requirements. The cessation of WIBID i WIBOR 1M, 3M, 6M in an orderly fashion implies their restricted use and application in new financial products and contracts. Consequently, the use and application of WIBID i WIBOR 1M, 3M, 6M is only possible under an annex to the application agreement signed with the administrator; a licence may be obtained for debt securities under the applicable regulations. On 19 May 2026, GPW Benchmark S.A. announced that the publication of WIBID and WIBOR for the SW tenor will cease on 1 October 2026. The indices will continue to be calculated as part of the adopted methodology. On 19 June, the Financial Stability Committee published a communication which endorses the KNF position that given the approved period of cessation of WIBOR in an orderly fashion there is no need to define its replacements. The Financial Stability Committee endorsed the position that no financial contracts may be concluded and no financial instruments may be offered as of 1 January 2027 that would be based on WIBOR. Until the cessation of WIBOR in an orderly fashion, interest rate risk and liquidity risk ma y be hedged using adequate derivatives. According to the communication of the Financial Stability Committee, a representative of the Ministry of Finance announced that there is not need to define a replacement for WIBOR under a regulation. On 30 June 2026, the NWG Steering Committee decided to update the Roadmap. The update follows the progress of the interest rate benchmark reform and the publication of the communications of GPW Benchmark S.A. and KNF on the cessation of the interest rate benchmarks WIBID and WIBOR in an orderly fashion. The Ministry of Finance initiated legislative work on provisions reflecting the cessation, application of WIBID and WIBOR and the conversion to POLSTR. Public consultation on the draft law is scheduled to be closed in July 2026. Structured work is underway at the Bank to adapt its operations to the changes associated with the orderly cessation of the WIBOR interest rate benchmark. This work is supervised and coordinated by the relevant steering committee. Internal work includes activities related to the planned implementation of POLSTR in terms of documentation, communication and the Bank’s IT systems. Persons designated by the Bank are also directly involved in the work of the National Working Group. Following the decisions of the NWG Steering Committee, the Bank withdrew the WIRON / WIRON compound rate from the Bank’s product offering. In connection with the communications of GPW Benchmark S.A. and KNF of 18 May 2026, the Bank took relevant measures and concluded an annex to the application agreement with GPW Benchmark S.A. in order to continue the use and application of WIBID i WIBOR 1M, 3M, 6M (i) in new contracts with clients concluded up to 31 December 2026 and (ii) in all existing contracts until the end of 2036. As at 30 June 2026, the Bank identified: ● WIBOR-based financial assets in PLN million by index tenor: ON 1W 1M 3M 6M 1Y Total 191 1 13,466 29,637 9,895 13 53,203 ● WIBOR-based and WIBID-based financial liabilities in PLN million by index tenor: ON 1W 1M 3M 6M 1Y Total 4,583 85 4,804 3,093 1 0 12,566
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 92 The Bank also had interest rate swaps (CIRS/IRS/FRA) on its banking book based on WIBOR 3M with a total nominal value of PLN 2,005 million, of which PLN 2,005 million under fair value hedge accounting, and based on WIBOR 6M with a total nominal value of PLN 18,188 million, of which PLN 17,438 million under hedge accounting. The Bank also had financial assets (floating-coupon government bonds) based on POLSTR of PLN 445 million. In the Bank’s view, the development of an effective derivatives market and the issuance of Treasury debt based on the new benchmark are critical elements of the development of a market for products and instruments based on POLSTR. The Bank expects that the cessation of WIBOR in an orderly fashion, as communicated on 18 May 2026, mitigates the risks of the fast-track conversion from WIBOR to POLSTR previously scheduled under the Roadmap and the need to manage such transition. At present, it is not possible to identify any rationale for cessation of the publication of EURIBOR. Thus, the flows resulti ng from this benchmark are exchanged between the counterparties under the current rules. MARKET RISK Market risk exposure in the trading book during H1 2026 was maintained at a relatively low level. Interest rate risk in the t rading book, measured by the sensitivity to a 1 basis point movement in interest rate curves, was at a maximum of PLN 55 thousand f or PLN and PLN 97 thousand for EUR in the reported period vs. PLN 74 thousand and PLN 99 thousand in 2025 respectively. The average VaR for interest rate risk in H1 2026 remained at PLN 2.0 million, which was PLN 0.2 million less than in 2025. The average utilisation of the VaR limit for the open interest rate position in the trading book was at 29% of the allocated limit. Foreign exchange risk was kept at a low level, i.e. an average of 11% utilisation of the allocated VaR limit and, as with interest rate risk, did not make a significant contribution to the overall risk level, which shows that the Bank maintains a relativel y low market risk profile. The Bank maintained a small open position in foreign exchange and interest rate options to ensure the serviceab ility of customer transactions. LIQUIDITY RISK During H1 2026, the Group maintained supervisory measures of short - and long-term liquidity significantly above regulatory and internal limits. The Group’s LCR averaged 252.8% during H1 2026. The maximum LCR was 288.6% and the minimum LCR was 231.7%. The main sources of funding are amounts due to customers and the Bank's capital and, to a lesser extent, medium and long-term credit lines received from the BNP Paribas Group and own bond issues, including subordinated issues. Throughout the period, the Group's liquidity ratios were at a very safe level. As at 30 June 2026, the Group recorded a modest increase in customer deposits of PLN 0.1 billion, with retail deposits decreasing by PLN 1.0 billion, offset by an increase i n other deposits by PLN 1.1 billion. The Group’s net loans increased by PLN 3.7 billion. Retail loans increased by nearly PLN 1 billion while loans to other non-banking customers increased by more than PLN 2.7 billion. The Group's objective was to optimise its portfolio of non-bank customer deposits, which are still its primary source of funding. The impact of the war in Ukraine and the Middle East has not affected the Bank's liquidity position. OPERATIONAL RISK The Bank’s operational risk is defined in accordance with the requirements of the Polish Financial Supervision Authority set out in Recommendation M and the requirements of CRR3 2, as the risk of incurring a loss due to inappropriate or unreliable internal processes, human resources, systems or external factors. It comprises, without limitation, legal risk, model risk, and ICT (information and communication technology) risk, but no t strategic risk or reputation risk. The Bank identifies operational risk as permanently significant risk. Operational risk is inherent in all banking operations. The Bank recognises operational risk ev ents and losses which may result from the materialisation of compliance risk.3 Operational risk management strategy and policy Operational risk management includes processes aimed at operational risk identification, analysis, monitoring, control, repor ting, and taking measures to mitigate such risk and resulting losses. Such measures take into account the structures, processes, resources and scope of responsibilities for the said processes at various organisational levels, within the three lines of defence. The operational risk management strategy is described in the “Operational risk and internal control management strategy at BN P Paribas Bank Polska S.A.”, which is reviewed annually and was approved by the Management Board and the Supervisory Board 2 Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 3 Compliance risk means the risk of negative consequences, including legal and regulatory sanctions, financial penalties and lo ss of reputation, due to the Bank’s failure to comply with laws, standards and recommendations of regulatory authorities, ethical and market standards and internal regulations applicable to the Bank.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 93 of the Bank. The “Operational Risk Policy of BNP Paribas Bank Polska S.A.”, adopted by the Risk Management Committee of the Bank, constitutes the organisational framework and standard for operational risk management. These documents address all aspects of the Bank’s operations in addition to defining the Bank’s objectives and the methods of their achievement as regards the quality of operational risk management as well as compliance with legal requirements set out in the recommendations and resolutions issued by national financial supervision authorities and applicable laws, including both national and Union laws. The Bank’s operational risk management objectives include, in particular, ensuring compliance with high operational risk management standards that guarantee security of customer deposits and the Bank’s equity, stability of the Bank’s financial performance, as well as maintenance of the operational risk level within the operational risk appetite and tolerance defined by the Bank. When developing the operational risk management system, the Bank complies with the applicable legal requirements, in particular, with the recommendations and resolutions of the national financial supervision authorities and the standards adopted by the BNP Paribas Group. According to the Policy, operational risk management instruments include, among others: ● the identification and assessment of operational risk, including through the collection of information on operational events, the assessment of risks in processes and products, the self -assessment of operational risk and control, the assessment of operational risk for contracts with external suppliers (outsourcing), and the determination of key risk indicators; ● setting operational risk appetite and limits on a Bank and business area level; operational risk analysis, including operatio nal risk scenario analysis and its monitoring and ongoing control; ● reporting on operational risk. The Bank’s Management Board periodically assesses the implementation of the operational risk strategy and, if necessary, orders necessary adjustments to improve the operational risk management processes. To this end, the Bank’s Management Board is regularly informed of the scale and types of operational risk to which the Bank is exposed, its effects, and operational risk management methods. In particular, the Bank’s Management Board and the Supervisory Board are regularly informed of the development of the operational risk appetite measures set out in the Operational Risk Management Strategy. As part of the implementation of the operational risk and internal control management strategy, the Bank took and continued t o take a number of measures to mitigate operational risk in H1 2026, focusing on geopolitical, regulatory, and operational fact ors impacting the operational risk profile and on cybercrime threats which remain a risk of increasing importance. Actions were continued to streamline and improve the quality of processes and to optimise and enhance the effectiveness of the internal control environment, including the control mechanisms and processes assigned to operational risk. The Bank mainly focused on strengthening processes and tools for preventing and combating fraud against the Bank and on improving cybersecurity. The measures implement ed were aimed, inter alia, at combating credit fraud and reducing unauthorised transactions. The Bank continued its programme mitigating the risk of internal fraud and the programme to raise awareness of cybercrime. The Bank monitored its exposure to legal risk on an ongoing basis, including the risk arising from pending litigation concerning CHF denominated loans, in order to respond adequately to changes in the level of risk. In connection with ongoing armed conflicts, the Bank monitored potential risks to the Bank, including those relating to security and ensuring business continuity. The Bank’s Management Board and the Risk Committee of the Supervisory Board are informed about the effectiveness of the solutions implemented by the Bank in this respect. External environment including geopolitical risk To manage operational risk, the Bank continuously analyses risks arising as a consequence of war activity in Ukraine and the conflict in the Middle East. Such events may cause increased cybercrime, physical attacks, and disruptions to global supply chains and critical infrastructure, including payment and banking infrastructure. The Bank takes appropriate measures to ensure security of the Bank’s employees and customers and to ensure business continuity and uninterrupted execution of processes in its operations. Internal environment The Bank precisely defines the division of responsibilities for operational risk management, which is adapted to the organisational structure. As part of the second line of defence, comprehensive supervision of the organisation of operational risk manageme nt standards and methods is exercised by the Operational Risk, Internal Control and Anti -Fraud Division operating within the Risk area. The Division’s responsibilities include, inter alia, issues relating to operational risk management, including ICT risk, combating fraud against the Bank, and the supervision of internal control, including the control of personal data protection processes. The definition and implementation of the Bank’s insurance strategy, as a method of risk mitigation, is the responsibility of the Bank’s Internal Services Division, while business continuity management is the responsibility of the Security and Business Continuity Management Division.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 94 As part of legal risk management, the Legal Division monitors, identifies and analyses changes in law and their impact on the Group’s operations, and is involved in judicial and administrative proceedings that affect the Group. The ongoing monitoring of compliance risk and the development and improvement of adequate techniques for its control are handled by the Compliance Division. Risk management The Bank pays particular attention to the processes for identifying and assessing the causes of current operational risk expo sure within banking products. The Bank seeks to reduce the level of operational risk by improving internal processes, as well as t o reduce operational risks accompanying the introduction of new products and services and the outsourcing of activities. Pursuant to the “Operational Risk Policy of BNP Paribas Bank Polska S.A.”, the operational risk analysis aims to understand t he relationships between the factors generating this risk and the types of operational events, and its most important result is the determination of the operational risk profile. The operational risk profile is understood as the identification of the main areas of the Bank’s exposure to adverse operational events and the identification of the most serious potential operational events which may cause (or do cause) adverse effects for the Bank, i.e. financial and non-financial losses. The periodic assessment and review of the Bank’s operational risk profile is carried out based on an analysis of the Bank’s current risk parameters, changes and risks in the Bank’s environment, the implementation of the business strategy, as well as an assessment of the adequacy of the organisational structure and the effectiveness of the Bank’s risk and internal control management system. The analysis of the operational risk profile also takes into account the Bank’s subsidiaries. Internal control system The purpose of internal control is effective risk control, including risk prevention or early detection. The role of the inte rnal control system is to achieve general and specific objectives of the internal control system, which should be considered at the design stage of control mechanisms. The principles of the internal control system are described in the “Policy on internal control at BNP Paribas Bank Polska S.A.”, approved by the Bank’s Management Board. This document describes the main principles, orga nisational framework and standards for the functioning of the control environment at the Bank, complying with the PFSA requirements set out in Recommendation H and the Regulation of the Minister of Finance, Funds and Regional Policy of 8 June 2021 on the r isk management system and the internal control system, the remuneration policy in banks. Detailed internal regulations concerning specific areas of the Bank’s activity are adapted to the specifics of the Bank’s operations. The appropriate organisational u nits of the Bank, in accordance with the scope of the tasks assigned to them, are responsible for developing detailed regulations relating to the area of internal control. The internal control system at the Bank is based on the three lines of defence model, which consists of: ● 1st line of defence, which consists of organisational units in particular banking and support areas, ● 2nd line of defence, which consists of organisational units of the Risk Division responsible for risk management, including risk measurement, monitoring, controlling and reporting, independently of the first line defence, the Finance Division Second Line of Defence Office, the Legal Division, the Custody Services Department Chief Supervision Officer, the Brokerage Office Regulation and Supervision Section, and the Compliance Division, ● 3rd line of defence, which is the Internal Audit Division. The Bank ensures internal control through independent monitoring of compliance with control mechanisms, including on -going verification and testing. Monitoring and reporting The Bank periodically monitors the efficiency of the operational risk management system and its appropriateness for its curre nt risk profile. The organisation of the operational risk management system is reviewed as part of audits carried out by the Int ernal Audit Division, which is not directly involved in the operational risk management process but provides professional and unbia sed opinions supporting achievement of the Bank’s objectives. The operational risk management system is overseen, and its appropriateness and efficiency are assessed by the Supervisory Board. Subsidiaries In accordance with supervisory regulations, the Bank supervises the operational risk related to the activities of its subsidi aries, covering them with the Operational Risk Management Strategy and periodically assessing the consistency of the operational ri sk management strategies and policies of entities within the Group. Operational risk management in subsidiaries is carried out b y dedicated units/persons appointed for this purpose. The manner and methods of operational risk management in subsidiaries are organised adequately to the scope of activity of an entity and its business profile, in accordance with the rules in force in the Group. Capital requirements due to operational risk The Bank estimates regulatory capital for operational risk on a consolidated basis in accordance with CRR3 under the new standardised method for operational risk.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 95 52. CAPITAL ADEQUACY MANAGEMENT Capital adequacy management is aimed to ensure the Group’s compliance with macro -prudential regulations defining capital requirements related to the risks incurred by the Bank, quantified in the form of the capital ratio. The Bank calcultes capital ratios in accordance with Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on macro-prudential requirements for credit institutions and investment firms (CRR), as amended by Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 (CRR2) as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to centr al counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements, and as amended among others by Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024 amending Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the output floor. The Bank applies the following methods for determining the capital requirement under Pillar One: updated standard method for credit risk, standard method for counterparty credit risk, new basic method for credit value adjustment (CVA) risk, new stand ard method for operational risk, and standard method for market risk. In the calculation of the credit risk capital requirement in accordance with the CRR3 requirements, the Bank follows the prac tice presented below in Basel exposure class determination: ● For the class of exposures secured by property mortgages and ADC exposures, the Bank: o identifies exposures related income -producing real estate (IPRE exposures) and exposures related to land acquisition, development and construction (ADC exposures); o uses data necessary for identifying eligibility criteria in relation to mortgage collateral; o uses adequate rules for assigning risk weights and segmentation of individual exposures; o uses real estate valuations and internal models for their valuation. ● For off-balance sheet exposures, the Bank: o takes into account offered contractual obligations with counterparties; o uses adequate credit conversion factors (CCF). ● For exposures to institutions, the Bank: o applies SCRA (Standardised Credit Risk Assessment Approach) in relation to institutions for which it does not have information about the assigned external rating; o assigns adequate risk weights for institutions with an external rating. ● For exposures associated with specialised lending, the Bank: o uses the regulatory segmentation of exposures related to specialised lending; o uses adequate rules for assigning risk weights including information on project phases. ● For retail exposures, the Bank: o identifies transactor exposures, for which it assigns a preferential risk weight; ● For equity exposures, the Bank: o takes into account the regulatory treatment of equity exposures in terms of assigning risk weights. The Bank takes into account transitional provisions which allow for a preferential treatment of exposure classes and principles for the allocation of the credit conversion factor to off -balance-sheet exposures. Furthermore, the Bank continuously monitors the register of documents published by EBA, which clarify specific issues relating to changes under CRR3. Due to the postponement of the implementation of the modified rules for determining capital requirements for the trading book , in FRTB (Fundamental Review of Trading Book), the standard method will be applied for market risk, based on the rules in effect before 1 January 2025. This means that the interest rate risk requirement will be determined based on the maturity ladder method, the foreign exchange risk based on the standard method, and non -linear risks resulting from maintaining positions in option instruments based on the delta-plus method.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 96 On 23 December 2020, Commission Delegated Regulation (EU) 2020/2176 of 12 November 2020, amending Delegated Regulations (EU) No 241/2014 as regards the deduction of software assets from Common Equity Tier 1 items, entered into force. As at 30 June 2026, the adjustment in common equity Tier 1 capital related to other intangible assets amounted to PLN 426,788 thousand. The capital ratios, capital requirements, and equity have been calculated in accordance with the aforesaid Regulation with the use of national options. Pursuant to the Act of 5 August 2015 on macroprudential supervision of the financial system and crisis management in the financial sector (Journal of Laws 2015, item 1513, as amended): - an additional buffer of 2.5% was introduced starting from 1 January 2019, - by its decision of 4 October 2016, the Polish Financial Supervision Authority identified the Bank as an other systemically important institution. By its decision of 21 November 2025, the Polish Financial Supervision Authority imposed on the Bank a buffer of other systemically important institution in an amount equivalent to 0.25% of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013. The Polish Financial Supervision Authority, by letter dated 25 November 2025, announced that the Bank’s sensitivity to the possible materialisation of stress scenarios affecting the level of own funds and risk exposures was evaluated as low in the supervis ory assessment process. On the basis of the 2025 supervisory stress tests conducted by the Polish Financial Supervision Authority and in accordance with the instruction, the total capital charge recommended under Pillar Two offset by the capital buffer requirement was set at 0.00 p.p. on a separate and on a consolidated basis; there were no changes in 2026. The Bank -specific countercyclical buffer rate, determined in accordance with the provisions of the Act of 5 August 2015 on macroprudential supervision of the financial system and crisis management in the financial system, as a weighted average of t he countercyclical buffer rates applicable in the jurisdictions where the Bank’s relevant credit exposures are located, was 1% at 30 June 2026. The ratio was affected by the countercyclical buffer rate for credit exposures in the territory of the Republic of Pola nd that applied as at 30 June 2026 and which increased from 0% to 1% under the Regulation of the Minister of Finance of 18 September 2024. By decision dated 31 December 2024, the Polish Financial Supervision Authority approved the Bank’s classification of capital instruments issued by the Bank on 28 November 2024 constituting series A contingent convertible bonds with a total value of PLN 650,000,000 as Additional Tier 1 (AT1) capital instruments. The Polish Financial Supervision Authority approved the classification of contingent convertible bonds by the Bank as Tier 2 instruments, including by decision of 11 August 2025 concerning series B contingent convertible bonds issued by the Bank on 6 June 2025 in the total nominal amount of EUR 160,000,000 and by decision of 21 November 2025 concerning series C contingent convertible bonds issued by the Bank on 10 October 2025 in the total nominal amount of EUR 630,000,000. The common equity Tier 1, Tier 1, and Total Capital Ratio on a consolidated basis were above the requirements for the Group as at 30 June 2026. At the same time, the Group complies with the legal requirements under the Act of 5 August 2015 on macroprudential supervision of the financial system and crisis management in the financial sector. 30.06.2026 Minimum supervisory consolidated capital adequacy ratios of the Group Consolidated capital adequacy ratios of the Group CET I 8.25% 14.10% Tier I 9.75% 14.72% Total Capital Ratio 11.75% 18.02% 31.12.2025 CET I 8.25% 12.97% Tier I 9.75% 13.60% Total Capital Ratio 11.75% 16.86%
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 97 Minimum requirement for own funds and eligible liabilities (MREL) On 20 June 2023, the Bank received a letter from the BGF regarding the joint decision of the resolution authorities, i.e. the Single Resolution Board (“SRB”) and the BGF on the minimum level of own funds and eligible liabilities (“MREL”). The joint decision indicates that the Group’s restructuring plan envisages a Single Point of Entry (SPE) strategy for mandato ry restructuring. The Group’s preferred tool for mandatory restructuring is the open bank bail-in tool. On 17 April 2026, the Bank received an updated letter from the BFG regarding the MREL requirement. The MREL requirement for the Bank was set on the separate basis at 15.74% of the total risk exposure amount (“TREA”) and 5.91% of the total exposure measure (“TEM”). This requirement is binding from 17 April 2026. The MREL requirement applies on the separate basis. The entire MREL requirement should be met in the form of own funds and liabilities meeting the criteria set out in Article 98 of the BGF Act, which transposes Article 45f(2) BRRD. According to the BGF’s expectations, the part of MREL corresponding to the recapitalisation amount (“RCA”) will be met in the form of AT1, T2 instruments and other subordinated eligible liabilities acq uired directly or indirectly by the parent company. The Bank meets the requirement. At the same time, the BGF indicated that Common Equity Tier 1 (“CET1”) instruments held by the Bank for the purposes of the combined buffer requirement cannot be counted towards the MREL requirement expressed as a percentage of TREA. This rule does not apply to the MREL requirement expressed as a TEM percentage. As at 30 June 2026, the Bank meets the MREL-TREA and MREL-TEM requirements. 53. MANAGEMENT OF BNP PARIBAS BANK POLSKA S.A. Composition of the Bank’s Supervisory Board as at 30 June 2026: FULL NAME FUNCTION HELD IN THE SUPERVISORY BOARD OF THE BANK Lucyna Stańczak-Wuczyńska Chairperson of the Supervisory Board, Independent Member Francois Benaroya Vice-Chairperson of the Supervisory Board Jean – Charles Aranda Member of the Supervisory Board Małgorzata Chruściak Independent Member of the Supervisory Board Sophie Heller Member of the Supervisory Board Monika Kaczorek Independent Member of the Supervisory Board Bożena Leśniewska Independent Member of the Supervisory Board Vincent Metz Member of the Supervisory Board Piotr Mietkowski Member of the Supervisory Board Khatleen Pauwels Member of the Supervisory Board Jacques Rinino Independent Member of the Supervisory Board Mariusz Warych Member of the Supervisory Board Changes to the composition and functions on the Bank’s Supervisory Board from 1 January to 30 June 2026: ● On 14 April 2026, the Bank’s Annual General Meeting set the number of Supervisory Board members of the new term of office and appointed the Supervisory Board members for a joint five-year term of office, ● On 20 April 2026, the Supervisory Board appointed Ms Lucyna Stańczak Wuczyńska as Chairperson of the Supervisory Board and Mr Francois Benaroy as Vice-Chairperson of the Supervisory Board,
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 98 ● On 20 April 2026, the Supervisory Board appointed Ms Monika Kaczorek as Chairperson of the Audit Committee and Mr Jean- Charles Aranda, Mr Jacques Rinino, Ms Lucyna Stańczak Wuczyńska and Mr Mariusz Warycha as members of the Audit Committee, ● On 20 April 2026, the Supervisory Board appointed Mr Jacques Rinino as Chairperson of the Risk Committee and Mr Francois Benaroy, Ms Małgorzata Chruściak, Ms Lucyna Stańczak Wuczyńska and Mr Mariusz Warycha as members of the Risk Committee, ● On 20 April 2026, the Supervisory Board appointed Ms Lucyna Stańczak Wuczyńska as Chairperson of the Remuneration Committee and Mr Francois Benaroy and Ms Małgorzata Chruściak as members of the Remuneration Committee, ● On 20 April 2026, the Supervisory Board appointed Ms Lucyna Stańczak Wuczyńska as Chairperson of the Nomination Committee and Mr Francois Benaroy and Ms Małgorzata Chruściak as members of the Nomination Committee, ● On 27 July 2026, the Bank received the resignation of Ms Sophie Heller as a Member of the Supervisory Board of the Bank effective as of 30 June 2026. Composition of the Bank’s Management Board as at 30 June 2026: FULL NAME FUNCTION HELD IN THE MANAGEMENT BOARD OF THE BANK Przemysław Gdański President of the Management Board Małgorzata Dąbrowska Vice-President of the Management Board Wojciech Kembłowski Vice-President of the Management Board Piotr Konieczny Vice-President of the Management Board Magdalena Nowicka Vice-President of the Management Board Volodymyr Radin Vice-President of the Management Board Jerzy Jacek Szugajew Vice-President of the Management Board Natalie Yacoubian Vice-President of the Management Board Changes to the composition of the Bank’s Management Board in the period from 1 January to 30 June 2026 and until the signing of these financial statements: ● on 10 December 2025, Ms Natalie Yacoubian was appointed Vice -President of the Bank’s Management Board, Head of Corporate and Institutional Banking (CIB), as of 1 January 2026, ● on 2 January 2026, Ms Agnieszka Wolska resigned as Vice-President of the Bank’s Management Board as of 2 January 2026, ● on 4 March 2026, Mr Jerzy Jacek Szugajew was appointed Vice -President of the Bank’s Management Board, Head of SME and Corporate Banking, as of 5 March 2026.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 99 54. MAJOR EVENTS IN BNP PARIBAS BANK POLSKA S.A. GROUP IN H1 2026 7 January 2026 Entry in the National Court Register of amendments to the Articles of Association of BNP Paribas Bank Polska S.A. approved by the Extraordinary General Meeting of BNP Paribas Bank Polska S.A. on 27 November 2025. 5 March 2026 Motion of the Bank’s Management Bard regarding 2025 profit distribution Recommendation of the Management Board of the Bank on the distribution of the Bank’s net profit for 2025 in the amount of PLN 3,012,194,743.91 as follows: - PLN 1,509,082,880.40 (approx. 50% of the net profit) to dividend, i.e. PLN 10.20 per share, - PLN 1,503,111,863.51 to reserves. The Supervisory Board of the Bank issued a positive opinion on the motion of the Management Board, which was tabled to the Annual General Meeting of the Bank on 14 April 2026. The Bank received an individual dividend recommendation from the Polish Financial Supervision Authority (“PFSA”) where the PFSA recommended that BNP Paribas Bank Polska S.A. not pay from the profit generated from 1 January to 31 December 2025 a dividend greater than 75%, with the maximum dividend amount not being greater than the annual profit less the profit generated in 2025 which is already included in own funds. 24 March 2026 Information on the annual contribution to the bank resolution fund at PLN 238,907 thousand for 2026 set by the Bank Guarantee Fund for BNP Paribas Bank Polska S.A. 2 April 2026 Issue of series M shares and series N shares under a conditional share capital increase and change of the share capital of BNP Paribas Bank Polska S.A. According to a statement from the Central Securities Depository of Poland (KDPW) and a resolution of the Management Board of the Warsaw Stock Exchange (WSE), the following were registered in KDPW and admitted to trading by WSE: - 7,556 series M ordinary bearer shares of the Bank with a nominal value of PLN 1 per share, which were recorded in the securities accounts of their holders, and - 61,255 series N ordinary bearer shares of the Bank with a nominal value of PLN 1 per share, which were recorded in the securities accounts of their holders. The series M shares were issued under a conditional share capital increase of the Bank pursuant to Resolution No. 5 of the Extraordinary General Meeting of the Bank of 31 January 2020 as amended by Resolution No. 37 of the Annual General Meeting of the Bank of 29 June 2020. The series M shares were taken up in performance of rights attached to previously acquired individual series A6 subscription warrants, each of which conferred the right to take up one series M share. The series N shares were issued under a conditional share capital increase of the Bank pursuant to Resolution No. 39 of the Extraordinary General Meeting of the Bank of 27 June 2022. The series N shares were taken up in performance of rights attached to previously acquired i ndividual series B3 subscription warrants, each of which conferred the right to take up one series N share. According to the second sentence of Article 451 (2) of the Commercial Companies Code, the award of the series M shares and series N shares took effect when the shares were recorded in the securities accounts of their holders. As a result, under Article 451 (2) in conjunction with Article 452 (1) of the Commercial Companies Code, rights were acquired in: - 7,556 series M shares with a nominal value of PLN 7,556, and - 61,255 series M shares with a nominal value of PLN 61,255,
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 100 i.e. a total of 68,811 Bank shares with a nominal value of PLN 68,811 and the Bank’s share capital was increased from PLN 147,880,491 to PLN 147,949,302, divided into 147,949,302 shares with a nominal value of PLN 1 per share. 14 April 2026 Annual General Meeting of BNP Paribas Bank Polska S.A. The AGM passed a resolution to pay a dividend for 2025, under which the Bank will pay out a dividend of PLN 1,509,082,880.40 i.e. PLN 10.20 per share. The dividend covers all of the Bank’s 14,949,302 outstanding shares. Dividend record date: 23 April 2026, dividend payment date: 11 May 2026. 20 April 2026 Minimum own funds and eligible liabilities requirement (MREL) set for BNP Paribas Bank Polska S.A. The MREL requirement for the Bank on a separate basis was set at 15.74% of the Total Risk Exposure Amount (TREA) and 5.91% of the Total Exposure Measure (TEM). The Bank was obliged to meet the requirement immediately upon receipt of the update. As at the date of receipt of the BFG update, the Bank met the MREL requirement set therein. 5 May 2026 Entry in the National Court Register of amendments to the Articles of Association of BNP Paribas Bank Polska S.A. concerning an increase of the share capital of the Bank to PLN 147,949,302 following the acquisition of series M shares and series N shares by eligible persons on the terms set out in § 29a(2)(d) and § 29b(2)(a) of the Articles of Association of the Bank. 13 May 2026 Rating action of Fitch Ratings The Bank’s Short-Term Issuer Default Rating (ST IDR) was upgraded to “F1+” from “F1” following the upgrade of ST IDR of the parent entity (BNP Paribas SA, AA- /Stable/F1+). Full list of rating actions according to the Fitch communication: - Long-Term Issuer Default Rating (LT IDR): “A+” outlook negative, - Short-Term Issuer Default Rating (ST IDR): “F1+”, - National Long-Term Rating (Natl LT): “AAA” outlook stable, - National Short-Term Rating (Natl ST): “F1+”, - Viability Rating (VR): “bbb”, - Shareholder Support Rating (SSR): “a+”, - Long term deposits rating: “A+”, - Short term deposits rating: “F1+”. The changes to the composition of the Management Board and the Supervisory Board of the Bank in H1 2026 and up to the date of these financial statements are described in Note 53 Management of BNP Paribas Bank Polska S.A. 55. SUBSEQUENT EVENTS The changes to the composition of the Supervisory Board and the Management Board of the Bank in H1 2026 and up to the date of these financial statements are described in Note 53 Management of BNP Paribas Bank Polska S.A.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 101 II INTERIM CONDENSED SEPARATE FINANCIAL STATEMENTS Interim condensed separate statement of profit or loss Q2 2026 from 01.04.2026 to 30.06.2026 H1 2026 from 01.01.2026 to 30.06.2026 Q2 2025 from 01.04.2025 to 30.06.2025 H1 2025 from 01.01.2025 to 30.06.2025 Interest income 2,198,155 4,413,657 2,417,679 4,852,096 Interest income calculated with the use of effective interest rate method 1,966,408 3,978,729 2,218,081 4,447,509 interest income on financial instruments measured at amortised cost 1,739,299 3,511,745 1,997,762 4,002,052 interest income on financial instruments measured at fair value through other comprehensive income 227,109 466,984 220,319 445,457 Income similar to interest on instruments measured at fair value through profit or loss 231,747 434,928 199,598 404,587 Interest expense (760,132) (1,556,332) (973,249) (1,943,111) Net interest income 1,438,023 2,857,325 1,444,430 2,908,985 Fee and commission income 393,183 749,551 371,411 742,624 Fee and commission expenses (62,160) (126,588) (62,181) (125,071) Net fee and commission income 331,023 622,963 309,230 617,553 Dividend income 51,676 52,037 4,217 4,389 Net trading income (including exchange result) 210,469 415,639 317,567 602,682 Result on investment activities 2,872 4,041 (596) (2,970) Result on hedge accounting (6,347) 8,149 (238) (2,829) Result on derecognition of financial assets measured at amortised cost (1,659) (3,549) 663 (986) Net allowances for expected credit losses on financial assets and provisions for contingent liabilities (67,064) (130,310) 24,384 (5,832) Result on legal risk related to foreign currency loans (41,418) (149,654) (249,358) (314,263) General administrative expenses (665,083) (1,562,772) (626,036) (1,443,469) Depreciation and amortisation (129,039) (257,086) (128,330) (255,697) Other operating income 82,501 130,414 43,517 146,514 Other operating expenses (90,603) (160,189) (78,791) (169,635) Operating profit 1,115,351 1,827,008 1,060,659 2,084,442 Tax on financial institutions (95,535) (196,884) (95,329) (196,771) Profit before tax 1,019,816 1,630,124 965,330 1,887,671 Income tax expense (377,253) (632,042) (246,516) (446,386) Net profit 642,563 998,082 718,814 1,441,285 attributable to equity holders of the Bank 642,563 998,082 718,814 1,441,285 Earnings (loss) per share (in PLN per one share) Basic 4.34 6.75 4.86 9.69 Diluted 4.34 6.74 4.86 9.68
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 102 Interim condensed separate statement of comprehensive income Q2 2026 from 01.04.2026 to 30.06.2026 H1 2026 from 01.01.2026 to 30.06.2026 Q2 2025 from 01.04.2025 to 30.06.2025 H1 2025 from 01.01.2025 to 30.06.2025 Net profit for the period 642,563 998,082 718,814 1,441,285 Other comprehensive income Items that may be reclassified subsequently to profit or loss upon fulfilment of certain conditions 108,355 17,729 80,612 146,615 Valuation of financial assets measured at fair value through other comprehensive income, gross 107,253 30,958 72,562 135,071 Deferred income tax on the valuation of financial assets measured through other comprehensive income (25,481) (7,445) (13,787) (25,664) Valuation of cash flow hedging derivatives 34,850 (7,537) 26,960 45,937 Deferred income tax on valuation of cash flow hedging derivatives (8,267) 1,753 (5,123) (8,729) Items that will not be reclassified to profit or loss 370 876 (258) (475) Actuarial valuation of gross employee benefits 480 1,142 (318) (587) Deferred income tax on actuarial valuation of employee benefits (110) (266) 60 112 Other comprehensive income (net) 108,725 18,605 80,354 146,140 Total comprehensive income 751,288 1,016,687 799,168 1,587,425 attributable to equity holders of the Bank 751,288 1,016,687 799,168 1,587,425
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 103 Interim condensed separate statement of financial position ASSETS 30 June 2026 31 December 2025 Cash and balances at Central Bank 9,558,086 10,224,866 Amounts due from banks 6,458,673 11,524,131 Derivative financial instruments 1,696,902 2,359,460 Adjustment of the fair value of hedged and hedging positions 373,008 345,550 Loans and advances to customers measured at amortised cost 90,601,363 86,786,401 Loans and advances to customers measured at fair value through profit or loss 219,807 286,183 Securities measured at amortised cost 37,590,362 36,180,626 Securities measured at fair value through profit or loss 405,044 240,409 Securities measured at fair value through other comprehensive income 26,217,449 24,719,802 Investments in subsidiaries 108,426 108,426 Intangible assets 906,151 965,224 Property, plant and equipment 885,248 947,435 Deferred tax assets 618,753 710,964 Other assets 790,562 910,657 Total assets 176,429,834 176,310,134 LIABILITIES 30 June 2026 31 December 2025 Amounts due to banks 5,904,364 5,923,407 Derivative financial instruments 1,748,775 2,276,575 Adjustment of the fair value of hedged and hedging positions 293,864 320,087 Amounts due to customers 141,401,351 141,355,067 Liabilities under issued debt securities (including subordinated issues) 4,350,263 4,226,368 Lease liabilities 542,552 553,267 Other liabilities 3,012,667 1,977,881 Current tax liabilities 149,832 172,523 Provisions 2,064,834 2,034,329 Total liabilities 159,468,502 158,839,504 EQUITY 30 June 2026 31 December 2025 Share capital 147,949 147,880 Supplementary capital 9,110,976 9,110,976 Other reserve capital 6,135,075 4,648,934 AT1 contingent convertible bonds 650,000 650,000 Revaluation reserve (165,396) (184,001) Retained earnings 1,082,728 3,096,841 retained profit 84,646 84,646 net profit for the period 998,082 3,012,195 Total equity 16,961,332 17,470,630 Total liabilities and equity 176,429,834 176,310,134
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 104 Interim condensed separate statement of changes in equity Share capital Supplementary capital Other reserve capital AT1 contingent convertible bonds Revaluation reserve Retained earnings Total As at 1 January 2026 147,880 9,110,976 4,648,934 650,000 (184,001) 3,096,841 17,470,630 Total comprehensive income for the period - - - - 18,605 998,082 1,016,687 Net profit for the period - - - - - 998,082 998,082 Other comprehensive income for the period - - - - 18,605 - 18,605 Distribution of retained earnings - - 1,503,112 - - (3,012,195) (1,509,083) Distribution of retained earnings intended for capital - - 1,503,112 - - (1,503,112) - Dividends paid out - - - - - (1,509,083) (1,509,083) Share issue 69 - - - - - 69 Interest paid on AT1 contingent convertible bonds - - (20,669) - - - (20,669) Management stock options* - - 3,698 - - - 3,698 As at 30 June 2026 147,949 9,110,976 6,135,075 650,000 (165,396) 1,082,728 16,961,332 *the management stock option programme is described in Note 39 to the Interim Condensed Consolidated Financial Statements for H1 2026
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 105 Share capital Supplementary capital Other reserve capital AT1 contingent convertible bonds Revaluation reserve Retained earnings Total As at 1 January 2025 147,800 9,110,976 4,024,205 650,000 (541,084) 1,920,012 15,311,909 Total comprehensive income for the period - - - - 357,083 3,012,195 3,369,278 Net profit for the period - - - - - 3,012,195 3,012,195 Other comprehensive income for the period - - - - 357,083 - 357,083 Distribution of retained earnings - - 658,457 - - (1,820,798) (1,162,341) Distribution of retained earnings intended for capital - - 658,457 - - (658,457) - Dividends paid out - - - - - (1,162,341) (1,162,341) Share issue 80 - - - - - 80 Interest paid on AT1 contingent convertible bonds - - (41,077) - - (14,568) (55,645) Management stock options* - - 7,349 - - - 7,349 As at 31 December 2025 147,880 9,110,976 4,648,934 650,000 (184,001) 3,096,841 17,470,630 *the management stock option programme is described in Note 39 to the Interim Condensed Consolidated Financial Statements for H1 2026
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 106 Share capital Supplementary capital Other reserve capital AT1 contingent convertible bonds Revaluation reserve Retained earnings Total As at 1 January 2025 147,800 9,110,976 4,024,205 650,000 (541,084) 1,920,012 15,311,909 Total comprehensive income for the period - - - - 146,140 1,441,285 1,587,425 Net profit for the period - - - - - 1,441,285 1,441,285 Other comprehensive income for the period - - - - 146,140 - 146,140 Distribution of retained earnings - - 658,457 - - (1,820,798) (1,162,341) Distribution of retained earnings intended for capital - - 658,457 - - (658,457) - Dividends paid out - - - - - (1,162,341) (1,162,341) Share issue 80 - - - - - 80 Interest paid on AT1 contingent convertible bonds - - (14,118) - - (14,568) (28,686) Management stock options* - - 3,676 - - - 3,676 Changes due to liquidation of a subsidiary - - - - - - - As at 30 June 2025 147,880 9,110,976 4,672,220 650,000 (394,944) 1,525,931 15,712,063 *the management stock option programme is described in Note 39 to the Interim Condensed Consolidated Financial Statements for H1 2026
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 107 Interim condensed separate statement of cash flows CASH FLOWS FROM OPERATING ACTIVITIES: H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Net profit (loss) 998,082 1,441,285 Adjustments for: (2,403,922) (437,340) Income tax expense 632,042 446,386 Depreciation and amortisation 257,086 255,697 Dividend income (52,037) (4,389) Interest income (4,413,657) (4,852,096) Interest expense 1,556,332 1,943,111 Change in provisions 31,647 121,410 Change in amounts due from banks 18,665 (334,598) Change in assets due to derivative financial instruments 635,100 (182,689) Change in loans and advances to customers measured at amortised cost (3,797,721) (1,445,040) Change in loans and advances to customers measured at fair value through profit or loss 66,376 91,672 Change in amounts due to banks (43,804) 850,318 Change in liabilities due to derivative financial instruments (561,560) 119,723 Change in amounts due to customers 146,842 (1,568,640) Change in other assets and deferred tax assets 136,245 264,593 Change in other liabilities and current income tax liabilities 1,037,957 1,015,474 Other adjustments 173,350 (48,782) Interest received 3,965,242 5,357,236 Interest paid (1,632,128) (1,858,040) Tax paid (559,098) (607,929) Lease fees for short-term leases not included in the valuation of the liability (801) (757) Net cash flows from operating activities (1,405,840) 1,003,945
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 108 CASH FLOWS FROM INVESTING ACTIVITIES: H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Inflows 90,204,623 86,379,872 Sale of securities 90,156,380 86,338,202 Sale of intangible assets and property, plant and equipment 9,237 37,281 Dividends received and other investment income 39,006 4,389 Outflows (92,877,736) (89,275,686) Purchase of securities (92,763,401) (89,117,934) Purchase of intangible assets and property, plant and equipment (114,335) (157,752) Net cash flows from investing activities (2,673,113) (2,895,814) CASH FLOWS FROM FINANCING ACTIVITIES: H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Inflows 69 678,784 Issue of debt securities (including subordinated issues) - 678,704 Net income from share issues and refund of additional capital contributions 69 80 Outflows (1,634,004) (1,376,611) Repayment of long-term loans received and subordinated liabilities (29,172) (107,263) Repayment of lease liabilities (66,222) (71,592) Interest paid on AT1 contingent convertible bonds (29,527) (35,415) Dividends paid (1,509,083) (1,162,341) Net cash flows from financing activities (1,633,935) (697,827) TOTAL NET CASH AND CASH EQUIVALENTS (5,712,888) (2,589,696) Cash and cash equivalents at the beginning of the period 21,229,301 18,209,851 Cash and cash equivalents at the end of the period 15,516,413 15,620,155 Effect of exchange rate fluctuations on cash and cash equivalents (24,022) (66,729)
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 109 NOTES TO THE INTERIM CONDENSED SEPARATE FINANCIAL STATEMENTS 1. ACCOUNTING POLICY APPLIED FOR THE PURPOSE OF PREPARATION OF THE INTERIM CONDENSED SEPARATE FINANCIAL STATEMENTS The Interim Condensed Separate Financial Statements for H1 2026 ended 30 June 2026 were prepared in accordance with the requirements of International Accounting Standard 34 "Interim Financial Reporting" ("IAS 34"), as endorsed by the European Union as well as in accordance with other applicable regulations. The accounting policy applied in H1 2026 is no different from that in force in 2025, which is described in detail in the Sepa rate Financial Statements of BNP Paribas Bank Polska S.A. for the year ended 31 December 2025, including new standards, interpretations and amendments to published standards that have been issued by the International Accounting Standards Board (IASB), have been endorsed by the European Union, have come into effect from 1 January 202 6 and have been applied by the Bank. The interim condensed separate financial statements have been prepared in Polish zloty and all values, unless otherwise indicated, are given in thousands of zlotys (PLN '000). The interim condensed separate financial statements do not include all information and disclosures required in annual financi al statements, and therefore should be read in conjunction with the Interim Condensed Consolidated Financial Statements for H1 2026 and with the Separate financial statements of BNP Paribas Bank Polska S.A. for the year ended 31 December 2025, which were approved by the Management Board of the Bank on 4 March 2026. The accounting policy and methods of performing accounting estimates adopted in the preparation of the interim condensed separate financial statements of the Bank are consistent with the accounting policy adopted for the Group's interim condensed consolidated financial statements, which are described in Notes 3 and 7 in the Interim Condensed Consolidated Financial Statements for H1 2026. Compared to the Separate Financial Statements of BNP Paribas Bank Polska S.A. for the year ended 31 December 2025 and the Interim Condensed Separate Financial Statements prepared for H1 2025 ended 30 June 2025, the Bank has not changed the accounting policy and the method of presentation of financial data. 2. GOING CONCERN The present interim condensed separated financial statements have been prepared assuming that the Bank will continue as a going concern in substantially the same scope, in the foreseeable future, i.e. within at least 12 months from the balance she et date.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 110 3. NET ALLOWANCES FOR EXPECTED CREDIT LOSSES ON FINANCIAL ASSETS AND PROVISIONS FOR CONTINGENT LIABILITIES Net allowances for expected credit losses on financial assets and provisions for contingent liabilities H1 2026 from 01.01.2026 to 30.06.2026 Stage 1 Stage 2 Stage 3 POCI Total Amounts due from banks 276 767 - - 1,043 Loans and advances to customers measured at amortised cost (43,592) (19,642) (38,591) (25,320) (127,145) Contingent commitments granted 6,722 (7,371) (3,510) 44 (4,115) Securities measured at amortised cost (93) - - - (93) Total net allowances for expected credit losses on financial assets and provisions for contingent liabilities (36,687) (26,246) (42,101) (25,276) (130,310) Net allowances for expected credit losses on financial assets and provisions for contingent liabilities H1 2025 from 01.01.2025 to 30.06.2025 Stage 1 Stage 2 Stage 3 POCI Total Amounts due from banks (239) (1,385) - - (1,624) Loans and advances to customers measured at amortised cost 12,633 67,405 (75,175) (92) 4,771 Contingent commitments granted (8,783) 6,496 (6,655) (16) (8,958) Securities measured at amortised cost (21) - - - (21) Total net allowances for expected credit losses on financial assets and provisions for contingent liabilities 3,590 72,516 (81,830) (108) (5,832) Judgments and estimates regarding material items are described in Note 7a Impairment of financial assets to the Abridged Interim Consolidated Financial Statements for H1 2026 ended 30 June 2026.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 111 4. LITIGATION, CLAIMS AND ADMINISTRATIVE PROCEEDINGS Legal risk As at 30 June 2026, there were no proceedings pending in any court, arbitration authority or state administration bodies concerning the Bank's liabilities or receivables, whose value would exceed 10% of the Bank's equity. The following litigation and administrative proceedings in which the Bank is a party are currently pending: ● proceedings for practices in violation of the collective interests of consumers - unauthorised transactions, ● proceedings for practices in violation of the collective interests of consumers – credit holidays, ● administrative proceedings of the Polish Financial Supervision Authority for the imposition of a penalty in connection with the performance of the function of depositary for investment funds, ● administrative proceedings of the Polish Financial Supervision Authority for the imposition of a penalty in connection with a breach of the Act on Trading in Financial Instruments, ● litigation concerning CHF loan agreements in the banking sector, ● litigation relating to mortgage loan agreements with interest rates based on WIBOR, ● litigation relating to claims from investment fund participants in connection with the performance of the function of deposit ary for investment funds, ● litigation relating to the free credit sanction referred to in Article 45 of the Act of 12 May 2011 on Consumer Credit (“Consumer Credit Act”). Details of litigation and administrative proceedings are presented in Note 50 in the Interim Condensed Consolidated Financial Statements for H1 2026 ended 30 June 2026. 5. OTHER SIGNIFICANT DISCLOSURES The following significant disclosures related to the Interim Condensed Separate Financial Statements for H1 2026 are describe d in the Interim Condensed Consolidated Financial Statements for H1 2026 ended 30 June 2026: 1) Information on the restructuring provision recognised by the Bank in Notes 7 f and 37, 2) Disclosures on debt securities issues in Note 34, 3) Disclosures on fair value in Note 42, 4) Disclosures on significant estimates and judgments and events affecting the statement of financial position and the Bank's results, in particular the impact of legal risks arising from litigation relating to CHF mortgages and the securitisation transaction in Notes 44 and 50, 5) Significant events in the BNP Paribas Bank Polska S.A. Group in H1 2026 in Note 54. 6. RELATED PARTY TRANSACTIONS BNP Paribas Bank Polska S.A. operates within the BNP Paribas Bank Polska S.A. Capital Group. BNP Paribas Bank Polska S.A. is the parent entity of the BNP Paribas Bank Polska S.A. Capital Group. The ultimate parent entity is BNP Paribas S.A., Paris. As at 30 June 2026, the Capital Group of BNP Paribas Bank Polska S.A. comprised BNP Paribas Bank Polska S.A. as the parent entity, and its subsidiaries: 1. BNP PARIBAS TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH S.A. (“TFI”). 2. BNP PARIBAS LEASING SERVICES SP. Z O.O. (“LEASING”). 3. BNP PARIBAS GROUP SERVICE CENTER S.A. (“GSC”). All transactions between the Bank and its related parties were entered into as part of daily operations and included mainly l oans, deposits, transactions in derivative instruments, as well as income and expenses related to advisory and financial intermedia tion services.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 112 Transactions with shareholders of BNP Paribas Bank Polska S.A. and related parties 30.06.2026 BNP Paribas S.A., Paris BNP Paribas Fortis S.A. Other entities of the BNP Paribas S.A . Group Key personnel Subsidiarie s Total Assets 7,848,138 - 700,139 664 2,631,925 11,180,866 Receivables on current accounts, loans and deposits 6,326,477 - 678,757 664 2,631,925 9,637,823 Derivative financial instruments 1,148,653 - 6,200 - - 1,154,853 Derivative hedging instruments 373,008 - - - - 373,008 Other assets - - 15,182 - - 15,182 Liabilities 10,170,465 57,993 647,699 6,136 55,471 10,937,764 Current accounts and deposits 5,014,552 57,993 634,158 6,136 55,471 5,768,310 Liability under issued debt securities (including subordinated issues) 4,350,263 - - - - 4,350,263 Derivative financial instruments 388,083 - 2,533 - - 390,616 Derivative hedging instruments 417,567 - - - - 417,567 Other liabilities - - 11,008 - - 11,008 Contingent liabilities Financial commitments granted - - 244,940 4,714 - 249,654 Guarantees granted 266,830 80,062 619,360 - - 966,252 Commitments received 7,979,857 112,798 806,745 - 1,956,038 10,855,438 Derivative financial instruments (nominal value) 69,425,124 - 800,523 - - 70,225,647 Derivative hedging instruments (nominal value) 46,214,856 - - - - 46,214,856 Statement of profit or loss 23,909 (379) 33,434 (15) 89,017 145,966 H1 2026 from 01.01.2026 to 30.06.2026 Interest income 490,318 95 8,295 31 65,446 564,185 Interest expense (634,628) (474) (2,985) (46) - (638,133) Fee and commission income - - - - 26,225 26,225 Fee and commission expense - - - - (1,532) (1,532) Net trading income 212,654 - (966) - - 211,688 Other operating income - - 61,287 - 2,748 64,035 Other operating expense - - (14,494) - - (14,494) General administrative costs (44,435) - (17,703) - (3,870) (66,008)
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 113 31.12.2025 BNP Paribas S.A., Paris BNP Paribas Fortis S.A. Other entities of the BNP Paribas S.A . Group Key personnel Subsidiarie s Total Assets 13,421,778 - 604,275 1,204 2,638,444 16,665,701 Receivables on current accounts, loans and deposits 11,435,318 - 600,999 1,163 2,635,261 14,672,741 Derivative financial instruments 1,640,910 - - - - 1,640,910 Derivative hedging instruments 345,550 - - - - 345,550 Other assets - - 3,276 41 3,183 6,500 Liabilities 10,351,327 35,769 823,774 2,934 114,355 11,328,159 Current accounts and deposits 5,099,198 35,769 795,190 2,934 114,163 6,047,254 Liabilities under issued debt securities 4,226,368 - - - - 4,226,368 Derivative financial instruments 540,221 - 3,048 - - 543,269 Derivative hedging instruments 485,540 - - - - 485,540 Other liabilities - - 25,536 - 192 25,728 Contingent liabilities Financial commitments granted - - 260,628 4,631 - 265,259 Guarantees granted 478,432 77,244 535,329 - 1,775,214 2,866,219 Commitments received 7,883,148 109,827 749,058 - 1,923,389 10,665,422 Derivative financial instruments (nominal value) 59,595,048 - 26,627 - - 59,621,675 Derivative hedging instruments (nominal value) 35,043,905 - - - - 35,043,905 Statement of profit or loss 355,184 (449) 25,697 33 133,232 513,697 H1 2025 from 01.01.2025 to 30.06.2025 Interest income 144,518 156 7,470 70 94,011 246,225 Interest expense (239,925) (554) (5,161) (37) - (245,677) Fee and commission income - - - - 6,852 6,852 Fee and commission expense - - - - (905) (905) Net trading income 482,237 (51) (320) - - 481,866 Other operating income - - 46,581 - 33,495 80,076 Other operating expense - - (14,508) - (120) (14,628) General administrative costs (31,646) - (8,365) - (101) (40,112) Remuneration of the Management Board and the Supervisory Board Remuneration of the Management Board H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Short-term employee benefits 9,427 9,123 Long-term benefits 3,532 3,474 Share-based payments* 2,659 3,945 Shares issued** 2,050 2,096 Total 17,668 18,638 *includes an amount in the Bank’s capital linked to the Bank’s shares taken up in the future (in accordance with the variable remuneration policy) **value of shares issued based on actuarial valuation
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 114 Remuneration of the Supervisory Board H1 2026 from 01.01.2026 to 30.06.2026 H1 2025 from 01.01.2025 to 30.06.2025 Short-term employee benefits 1,098 884 Total 1,098 884 7. SEASONAL OR CYCLICAL NATURE OF BUSINESS There are no significant seasonal or cyclical phenomena in the Bank's operations. 8. DIVIDEND PAID The Bank’s Annual General Meeting on 14 April 2026 adopted a resolution on the payment of dividends from the net profit made in 2025. On the basis of this resolution, the Bank paid a dividend of PLN 1,509,082,880.40, i.e. PLN 10.20 per share. The dividend covers all shares issued by the Bank as at 2 April 2026, i.e. 147,949,302 shares. 9. PROFIT DISTRIBUTION In accordance with Resolution No. 7 of the Annual General Meeting of BNP Paribas Bank Polska S.A. dated 14 April 2026 on distribution of the profit of BNP Paribas Bank Polska S.A. and payment of a dividend for the financial year 2025 from the net profit generated in 2025 in the amount of PLN 3,012,194,743.91 (three billion twelve million one hundred and ninety-four thousand seven hundred and forty -three zlotys and ninety -one groszy), the Bank paid a dividend of PLN 1,509,082,880.40 and allocated the remaining amount of PLN 1,503,111,863.51 to the reserve capital. 10. CONTINGENT LIABILITIES The table below presents the value of liabilities granted and received. Contingent liabilities 30.06.2026 31.12.2025 Contingent commitments granted 38,215,733 39,191,098 Financial commitments 25,530,969 26,388,870 Guarantees 12,684,764 12,802,228 Contingent commitments received 59,179,348 57,773,732 Financial commitments - 31,000 Guarantees 59,179,348 57,742,732 Following amendments under Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024 (CRR3) amending Regulation (EU) No 575/2013, the Bank recognised commitments under proposals in the amount of PLN 2,937,126 thousand as at 30 June 2026 (PLN 4,340,313 thousand as at 31 December 2025) in the item financial commitments. 11. SUBSEQUENT EVENTS Subsequent events are described in Note 55 to the Interim Consolidated Financial Statements for H1 2026 ended 30 June.
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BNP PARIBAS BANK POLSKA S.A. CAPITAL GROUP INTERIM CONSOLIDATED REPORT for the period of 6 months ended 30 June 2026 The bank for a changing world 115 SIGNATURES OF THE MANAGEMENT BOARD MEMBERS OF BNP PARIBAS BANK POLSKA S.A. 11 August 2026 Przemysław Gdański President of the Management Board signed with a qualified electronic signature 11 August 2026 Małgorzata Dąbrowska Vice-President of the Management Board signed with a qualified electronic signature 11 August 2026 Wojciech Kembłowski Vice-President of the Management Board signed with a qualified electronic signature 11 August 2026 Piotr Konieczny Vice-President of the Management Board signed with a qualified electronic signature 11 August 2026 Magdalena Nowicka Vice-President of the Management Board signed with a qualified electronic signature 11 August 2026 Volodymyr Radin Vice-President of the Management Board signed with a qualified electronic signature 11 August 2026 Jerzy Jacek Szugajew Vice-President of the Management Board signed with a qualified electronic signature 11 August 2026 Natalie Yacoubian Vice-President of the Management Board signed with a qualified electronic signature Warsaw, 11 August 2026