Slides
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Warsaw, February 19th, 2026 4Q’25 and 2025 Financial Results Growing momentum of the loan portfolio and commission income
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Growing momentum of the loan portfolio and commission income 11 Nominal net profit +10% y/y Lending revival with +8% y/y and fee and commission income dynamics with +11% y/y Strong growth in digital channels Robust capital position, additionally supported by Tier 2 issue
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Key achievements - financials Business achievements Macro & Financial results Appendix 2
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The total customer financing portfolio exceeded PLN 200 billion Net profit nominal ROE C/I incl./excl. BGF Tier 1 Assets Financing portfolio COR NPL PLN 7.015 bn +10% y/y 21.4% 34.5%/ 32.2% 15.0% PLN 352 bn +5% y/y PLN 202 bn +8% y/y 39 bps 4.4% 33
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Double-digit growth in lending in key strategic segments Cash loan volume Micro financing volume PLN bn PLN bn 4Q 24 4Q 25 4Q 24 4Q 25 12.7 5.0 14.4 5.9 +13% +18% 4 MID+SME financing volume PLN bn 4Q 24 4Q 25 39.3 44.4 +13%
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5 All business segments contributed to 2025 performance Retail banking New sales of cash loans (net) DCM feesAcquisition in MID segment New sales of Micro financing Income from FX transactions New sales of SME financing Active mobile banking customers CustodyMID+SME financing volume +17% +32%+26% +13% +17%+16% +9% +13%+13% Enterprise banking Corporate banking Note: Enterprise Banking segment consists of former MID and SME segments 12M’25 (vs 12M’24)
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Key achievements - financials Business achievements Macro & Financial results Appendix 6
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Good start to the new strategy of Bank Pekao 7 ROE (%) C/I (%, incl./excl. BGF) Dividend 2 (%) Target 2027 >18 1 <35 50-75 65-75CoR (bps) Execution 12M’25 21,4 34,5/32,2 75 3 39 Strategic goals of Bank Pekao 1 Assuming the NBP reference rate of 3.5% at the end of 2027 2 Dividend payout ratio 3 Dividend payout ratio from 2024 profit the only way is up Strategia Banku Pekao na lata 2025-2027 Growth Accessibility Effieciency
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The Portfolio Decarbonization Plan supports the implementation of the goals and ambitions of Bank Pekao’s 2025-2027 Strategy 8 The Portfolio Decarbonization Plan and its defined goals and actions constitute a tool for actively managing climate-related transition risk in the credit portfolio, consistent with the assumptions of the Pekao Group’s business strategy and risk appetite. We treat the priority areas in the transformation covered by decarbonization goals as: * The long-term goal of the Paris Agreement is to limit the average temperature increase to 1.5°C compared to the pre-industrial era. The Pekao Capital Group’s Transformation Plan depends on the pace of decarbonization of the Polish economy. When setting decarbonization goals, we took into account the assumptions of the National Energy and Climate Plan (NECP). The Portfolio Decarbonization Plan supports the implementation of the goals and ambitions of Bank Pekao’s 2025-2027 Strategy in the environmental area. In particular, we will allocate PLN 9 billion to finance green projects. As we expand our product offering, we intend to develop a model of cooperation with clients focused on supporting them in their sustainable transformation The Pekao S.A. Capital Group Portfolio Decarbonization Plan implements the requirements of: the Capital Requirements Directive, the European Banking Authority (EBA) Guidelines on ESG risk management, the Corporate Sustainability Reporting Directive (CSRD). 39.5% ELECTRICITY INDUSTRY – Reduction in emissions intensity by 2030 compared to 2025 43.4% MORTGAGE LOANS – Reduction in emissions intensity by 2030 compared to 2025 60.8% OWN OPERATIONS - We will reduce emissions by reducing and modernizing space, purchasing energy from renewable sources compared to 2024
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9 We systematically expand offer for our clients Retail banking • PZU DOM is the best real estate insurance on the market - the insurance is offered for mortgage loans and as a separate product unrelated to the loan, available to all bank customers both at the branch and via remote channels • Implementation of the CyberRescue service - access to 24/7 assistance in cybersecurity matters and notifications about current threats and fraudsters’ methods of operation • Self-Service Zone - corporate clients can independently complete additional 15 processes related to financial liquidity (account, cards, cash) • Enabling Greenhouse Gas Emission Allowance Transactions on a SPOT date • A new version of the revitalized PekaoBiznes24 – more modern, making it easier for our customers to use the wide range of functionalities available in the system. • Implementation of PeoBiz 2.0 – a new version of the mobile application for enterprises • Implementation of new functionalities in the digital onboarding process for new customers Enterprise & Corporate banking
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Continued growth in active mobile banking customers – in 2025 an increase of 294 thousand active users Active mobile banking customers m PEX digital sales of total % 4Q 24 3Q 25 4Q 25 4Q 24 3Q 25 4Q 25 3.68 86% 3.43 88% 3.72 89% +9% +2 pp 3,5 m Number of active PeoPay users (+10% y/y) 10 – PeoPay activation using eID – Simplified PeoPay activation process at a branch – Your matters section in the PeoPay app – one place where customers can handle all their banking matters – Payment rings – option to tokenize Visa and Mastercard cards – E-vignettes for highways and roads in Bulgaria, the Czech Republic, Slovakia, Slovenia, Switzerland, and Hungary – Autostrady PL – access to the A2 motorway – Live Activities for tickets and parking in PeoPay – Business cards and redirects for business clients – the ability to redirect the client to a selected process/service in PeoPay and Pekao24 during a meeting/conversation – Passwordless login to Pekao24 using PeoPay – New Pekao24 dashboard – Credit card application for micro-entrepreneurs – Restriction on international fund transfers – the client can enable or disable the blocking, – Changes related to the UX/UI of electronic channels – improved customer experience – CyberRescue – access to 24/7 assistance on cybersecurity issues – Automatic generation of a hotline consultant authorization card for electronic channels – consultant identity confirmation +1% +3 pp
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We consistently support and finance the development of Polish companies and socially important public sector projects (roads, bypasses, railways) (trans, buses, regional transport) Transport and Infrastructure Municipal infrastructure Public transport Technology & communication Airport infrastructure Power engineering Green transformation Construction and logistics PLN 350bn Total value of organized financing for the largest corporations and the public sector over the last 10 years 11
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We are an institutional partner supporting the implementation of key economic processes and the customer journey cycle 12 STRONG AND RELIABLE PARTNER FOR CLIENTS Providing development financing based on industry knowledge and the bank’s strong capital base, combined with the know-how of Group companies (leasing, factoring Support for clients in their strategic decisions: succession planning, business consolidation, IPO Investment in the digitization and automation of processes, allowing clients to focus on their business Using AI in sales processes to support advisors Systematic improvement of NPS scores among companies DRIVING FORCE OF ECONOMIC TRANSFORMATION Financing strategic investments Implementation of key infrastructure projects: from offshore wind farms to the modernization of transmission networks and Port Polska Partnerships with Polish champions Financing the largest Polish enterprises, building their competitiveness in global markets Utilization of public and EU funds Participation in the entire process of utilizing funds from the National Operational Programme (KPO), from the direct beneficiaries of EU funds to enterprises and corporations in their supply chains BANKING CLOSE TO LOCAL GOVERNMENTS Public Sector Leader Collaboration with nearly all metropolitan areas (11 of 12), over half of the voivodeships, one in four counties, and over 50 state universities An active participant in the domestic treasury bond market, supporting its liquidity and stable operation – approximately PLN 80 billion in treasury bonds and bills on the bank’s balance sheet. 12
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We are experts in key areas of financing 13 Strategic Investment Support Processes Processes designed to support the financing of key transformational projects, based on strong sector expertise and knowledge of long-term trends, including in energy, transportation, and technology. Strong product factories are a competitive advantage Competencies and experience in treasury, structured finance (#1 lead arranger), LBO, M&A, structured export finance, correspondent banking, custody (#1), cash management, trade finance Active player on the financial and currency exchange markets Strategic partner for BGK (BGK’s #1 partner in domestic and international issues), active dealer on the state debt market, issuer and distributor of corporate and local government bonds Support for the foreign expansion of Polish companies A leading partner of KUKE in export financing. Close cooperation with BGK and PFR thanks to strong competencies and know-how in international financing. Strong market position in investment banking Project Finance expert, strong position in DCM (#1 arranger)1, M&A (#4 advisor)1 and ECM (#1 advisor)1 A wide product range supported by specialized banking-related companies Pekao Leasing (PLN 15bn assets), Pekao Factoring (#1 with 19% mkt share), Pekao Investment Banking Support in the functioning of the capital market in Poland Custody, brokerage, investment advisory services, and bond issuance and placement services December 2024 December 2025September 2025 1 Position in years 2007-2025 2 Gross loans, Corporate and Enterprise Banking segments including leasing and factoring, excluding BSB and reverse repo transactions 7.8 55.7 102.7 39.3 8.5 61.3 114.2 44.4 7.4 59.7 111.2 44.1 MID+SME Corporate Loans Public sector 13 +11.2% Corporate loan volume2 PLN bn +10.0% +13.1%
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We consistently support development of our clients 1414 EURO 500 m EUROBONDS 10.25NC5.25 SUBORDINATED Global Coordinator, Joint Bookrunner PLN 2 bn INVESTMENT LOAN Mandated Lead Arranger Lead Coordinator PLN 2 bn 7Y BONDS Coordinator, Dealer, Arranger, EURO 112 m INVESTMENT LOAN Arranger PLN 1,6 bn 7Y BONDS Arranger, Dealer PLN 578 m INVESTMENT LOAN Lender PLN 600 m 5Y BONDS Arranger, Dealer Financing Advisor PLN 158 m INVESTMENT LOAN Lender EURO 505 m INVESTMENT LOAN Global Mandated Lead Arranger Transakcje Tramwaje Warszawskie Port Czystej Energii PLN 2.8 bn
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Key achievements - financials Business achievements Macro & Financial results Appendix 15
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Polish economy assessment sheet - GDP at 4%, wages at 5% runrates 16Source: Bank Pekao, Statistics Poland, NBP – In 2026, Poland will remain a star in the European economic firmament, recording relatively high GDP growth for another year in a row. According to the Bank’s assessment, Polish GDP will accelerate to 4% this year due to the implementation of deferred investments, solid (but not higher than in 2025) growth in private consumption, and further recovery in exports. – An important factor for growth and inflation is the loosening of the labor market (the transition from an employee’s market to an employer’s market), which we see primarily in various soft indicators. This will result in a further slowdown in wages. Wage growth will fall below 6% in 2026. GDP growth and its key components % y/y Staff shortages in companies and wage growth % y/y -15 -10 -5 0 5 10 15 20 2020 2021 2022 2023 2024 2025 2026 GDP Private consumption Investments 0 5 10 15 20 0 5 10 15 20 25 30 35 40 45 2003 2004 2005 2006 2008 2009 2010 2011 2013 2014 2015 2016 2018 2019 2020 2021 2023 2024 2025 Staff shortages (LO, % companies) Average gross salary (PO, y/y) -15 -10 -5 0 5 10 15 20 2020 2021 2022 2023 2024 2025 2026 GDP Private consumption Investments 0 5 10 15 20 0 5 10 15 20 25 30 35 40 45 2003 2004 2005 2006 2008 2009 2010 2011 2013 2014 2015 2016 2018 2019 2020 2021 2023 2024 2025 Staff shortages (LO, % companies) Average gross salary (PO, y/y)
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Polish economy assessment sheet – inflation at sub-2%, MPC interest terminal rate at 3.25% CPI inflation with forecast NBP interest rate with expectations 17Source: Bank Pekao, Statistics Poland, NBP, Refinitiv, Bloomberg – Inflation in 2026 will fall below the target and average 1.9%. The further decline in inflation will be driven by cheap imports from East Asia, low food and energy prices, and continued disinflation in the services sector. Current data do not indicate any reasons to expect a renewed rise in inflation in Poland. – IThe Monetary Policy Council (MPC) remains dovish in both action and words. Given the projected decline in inflation, the direction for NBP rates is one: down. The MPC will end its rate cuts cycle this spring, at 3.25%. % y/y % 0 2 4 6 8 10 12 14 16 18 20 2018 2019 2020 2021 2022 2023 2024 2025 2026 CPI inflation Core inflation (% y/y) 0 1 2 3 4 5 6 7 2020 2021 2022 2023 2024 2025 2026 NBP reference rate Pekao forecast Market valuation Consensus 0 2 4 6 8 10 12 14 16 18 20 2018 2019 2020 2021 2022 2023 2024 2025 2026 CPI inflation Core inflation (% y/y) 0 1 2 3 4 5 6 7 2020 2021 2022 2023 2024 2025 2026 NBP reference rate Pekao forecast Market valuation Consensus
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Double-digit growth dynamics in key loans – cash loans +13% and MID+SME loans +13% Retail loan volumes1 Corporate loan volumes2 PLN m PLN m December 2024 September 2025 December 2025 December 2024 September 2025 December 2025 181 Gross loans 2 Gross loans, Corporate and Enterprise segments including leasing and factoring, excl. BSB and reverse repo transactions. – Total loans increased by 8% y/y – +5% y/y growth in retail loan portfolio, including: • +13% y/y growth in cash loan volume with PLN 1.9 bn in new net sales in 4Q’25 • +3,6% y/y growth in mortgage loan volume with PLN 2.6 bn in new mortgage sales in 4Q’25 – Corporate loans up 11% y/y. Strong loan growth for enterprises (MID + SME) of 13% y/y • record sales of new financing (MID+SME): PLN 23.7 billion (+18.2% y/y) • record acquisition of new clients in the MID segment: 1.1 thousand new clients acquired, +26% compared to 2024. Consumer loans PLN mortgage loans MID+SME loansOther retail loans Corporate loans Public sector 55 728 102 739 61 315 114 209 70 023 14 350 44 419 88 005 59 679 111 191 67 560 12 685 39 261 83 768 69 573 13 922 44 072 87 407 +5.1% +11.2% 7 750 8 4753 632 7 4403 523 3 912 +13.1% +3.6% +13.1% +10.0%
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Increase in total deposit base by 4% y/y. Mutual fund assets and own issues increased by 28% and 37% y/y, respectively Customer retail savings Corporate deposits and own issues PLN m PLN m 19 – Total deposit base increased by 4% y/y – Net assets of investment funds managed by Pekao TFI S.A. amounted to PLN 41,224 million as at the end of December 2025, an increase of PLN 9,035 million, i.e. 28.1%, compared to the end of December 2024. – Total increase in own issues by 37% year-on-year. Over 100 new investors in debt issues in 2025. Retail deposits Corporate depositsMutual funds (Pekao TFI) Own issue December 2024 September 2025 December 2025 December 2024 September 2025 December 2025 109 324 128 273 113 365 139 272 155 098 41 224 25 907 196 322 108 307 130 650 149 710 32 189 18 949 181 899 151 858 38 719 22 343 190 577 +7.9% +8.6% +28% +4% +37% +4%
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Effect of payment moratoria Average W IB O R 3M X X Dynamics excluding effect of payment moratoria 12 882 12 729 13 693 4.21 4.19 4.23 3 380 +81 3 461 5.85% 5.86%5.86% 5.12% 5.35% 4.32%4.88% -16 bps-2 bps+0.7%+6.3% 3 414 4.29 -153 3 446 4.26 3 430 4.153 403 4.07 Increase in net interest income by 6% y/y Net interest income Net interest margin (adjusted for effect of payment moratoria) PLN m % 20 I4Q 24 1Q 25 2Q 25 3Q 25 4Q 254Q 24 1Q 25 2Q 25 3Q 25 4Q 25 12M 24 12M 2512M 24 12M 25
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306 327 6.20% 5.88% 274 294 2.22% 1.88% +6.9% +7.0% 328 285 2.18% 323318 288 2.11% Interest on liabilitiesInterest on assets (without payment moratoria effect) +4.4% +4.5% 325 292 2.01% 296 1.83% 6.07% 5.80% 6.16%6.19% 332 5.49% 298 1.59% Increased business scale and lower cost of financing liabilities Interest-bearing assets Interest-bearing liabilities PLN bn PLN bn 21 4Q 24 1Q 25 2Q 25 3Q 25 4Q 254Q 24 1Q 25 2Q 25 3Q 25 4Q 2512M 24 12M 25 12M 24 12M 25
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Lower sensitivity to interest rate changes 22 Interest rate risk profile – Natural sensitivity in interest rates declines resulting mainly from low-interest deposits approximately 15 bps NIM decline for 100 bps lower rates – Consistently executed hedging strategy through fixed-rate securities and derivative instruments – ~90% share of periodically fixed-rate loans in new mortgage sales; share in total portfolio approx. 40% – The actual sensitivity of net interest income to interest rate declines is mitigated by the ability to adjust term deposit pricing Assets Liabilities Capital Treasury bonds/ covid bonds Fixed rate/secured mortgages Current accounts Other deposits Other interest- bearing assets Other liabilities Exposure to interest rate changes ~15% off assets VARIABLE rate FIXED rate (inc. periodically fixed rate ) FIXED rate (for falling interest rates) VARIABLE rate (economically)
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The acceleration in fee momentum, including card and credit commission income Net fee and commission income PLN m 23 – Growing contribution of capital market-related income, including asset management, due to growth in investment fund assets – Positive effects of distribution of treasury bonds PLN 12.4 bn in net sales in 12M’25 – Revival of the dynamics of the card and credit commission income Loans Cards FX commercial fees Bank account and other feesAsset management & brokerage 7378 732 776 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 +14.7% +16% 146174 206 184 134 172 176 165 86 +13.8%+4,8% +24.4%+11% +26.7% +28.3% +7.1% +6.4% +2.2% +2.1% y/y y/y 765 163 189 191 136 12M 24 12M 25 308 628 633 707 578 2 854 812 342 658 752 590 3 154 +10.5% 86 97 767 890 151 198 190 261 188 197152 137
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5 244 5 530 34.2 34.5 +0,3 pp 279 430 +5.5% 1 428 1 329 +2.5% 1.5x 32.8 +1.4 pp 28350 1 376 38.5 32.233.0 1 362 26 34.2 26 912 792 840 805 516 537 536 557 3 306 3 257 1 938 2 273 1 463 820 643 Personnel costs Non-personnel, D&A costs 12M 24 12M 25 BGF and PFSA charges 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 12M 24 12M 25 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 High operational cost discipline Operating costs Cost/Income (incl. BGF) PLN m % 24 – Decrease in personnel costs year-on-year due to the reduction of positions through the voluntary redundancy program, the costs of which inflated the base in 4Q24 – Increase in non-personnel expenses and depreciation by 17% in 12M’25 – Increase in BFG and KNF contributions by 154% y/y in 12M’25 – Cost/Income ratio (incl. BFG) at 34.5% in 12M’25 5 244 5 530 34.2 34.5 +0,3 pp 279 430 +5.5% 1 428 1 329 +2.5% 1.5x 32.8 +1.4 pp 28350 1 376 38.5 32.233.0 1 362 26 34.2 26 912 792 840 805 516 537 536 557 3 306 3 257 1 938 2 273 1 463 820 643 Personnel costs Non-personnel, D&A costs 12M 24 12M 25 BGF and PFSA charges 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 12M 24 12M 25 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25
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Cost of risk below the Strategy assumptions Cost of risk PLN m bps 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 4Q 24 1Q 25 2Q 25 3Q 25 4Q 2512M 24 12M 25 272 153 25 – Cost of risk at 27 bps in 4Q’25 and 39 bps in 2025 – Decrease in the cost of risk q/q and y/y, mainly due to a lower loss ratio in the loan portfolio – Net resolutions in the retail portfolio result from the continued trend of low loss ratios in the portfolio, which is also reflected in the gradual improvement in the parameters used in valuation and in the revenue from the sale of NPL portfolios (PLN 219 million in Q4, PLN 406 million in 2025, with a profit of PLN 32 million and PLN 63 million, respectively) 1 Segment division excluding ex-Idea Bank bps1 Group Busines entitities Indyvidual clients 4Q 24 3Q 25 4Q 25 58 27 49 106 58 75 -13 -206 231760 883 240 136 58 33 48 49 27
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Stable asset quality NPL ratio1 NPL coverage ratio % % 26 1 Ratio for non-financial sector at 12’25 – 4.6% ex-Idea portfolio (covered by BGF guarantee) Underlying NPL NPL coverage: Stage 3 NPL coverage: Stage 1-2 Group Business entities Individual clients 4Q 24 3Q 25 4Q 25 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 4Q 254Q 24 1Q 25 2Q 25 3Q 25 4,54,5 4,14,0 74 7171 17 1417 57 5754 71 18 53 0,40,5 Business entitlies 4Q 25 Individual clients 4Q 25 65 95 11 29 54 66 4,5 4,44,5 6,1 6,26,3 2,22,32,5 4,5 4,0 0,5 71 18 53 4,5 4,1 0,4 71 15 56 4,4 4,0 0,4 – NPL ratio below 5% threshold – Stable provision coverage ratio Pekao exc. Idea Pekao total
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Strong capital position – capital surplus over 4.0 pp. Dividend potential in line with the Strategy (50-75% of net profit) CET 1 Total capital adequacy ratioTier 1 % %% Minimum requirements 2025 Payment criterion up to 50%/75% of net profit1 Pekao Group Minimum requirements 2025 Payment criterion up to 50%/75% of net profit1 Pekao Group Minimum requirements 2025 Payment criterion up to 50%/75% of net profit1 Pekao Group 9.0 12.5 10.510.0 13.5 11.5 15.0 16.4 17.62 15.0 +6.0 pp +5.1 pp+4.5 pp 27 1 Criterion for paying out up to 50% of net profit is the minimum requirement for the Group increased by the value of the target level of the countercyclical buffer of 1 pp. Criterion for paying out up to 75% of profit is additional share of NPLs in the portfolio of receivables from the non-financial sector at a level of up to 5%. 2 After including the Tier 2 issue in the amount of EUR 500 million in own fuds, the ratio will increase to 17.6%
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Minimum requirement for own funds and eligible liabilities (MREL) MREL % MREL-TREA requirements December 2025 MREL-TEM requirements December 2025 18.1 1.8 5.5 0.4 19.9 5.922.3 1.6 10.3 0.7 23.9 11.0 28 – Total MREL-TREA requirement is 19.9%1, while subordinated MREL-TREA requirement is 18.1%1 of total risk exposure – Total MREL-TEM requirement is 5.9%, while subordinated MREL-TEM requirement is 5.5% of total exposure measure – Both total and subordinated MREL-TREA and MREL-TEM requirements are met subordinated MREL instruments unsubordinated MREL instruments 4.5 % Of which combined buffer requirement 1 Taking into account combined buffer requirement of 4.5 pp
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Highest ever reported and adjusted profit Net profit generation PLN m 4Q24 1Q25 2Q 25 3Q 25 4Q 2512M 24 12M 25 29 – +8% y/y growth of adjusted net profit in 12M’25 mainly due to: • increase in net interest income (+8% y/y) • increase in net fee & commission income (+11% y/y) • increase in loan (+8% y/y) and deposit volumes (+4% y/y) – RoE at 21.4% – Cost/Income ratio (inc. BGF) at the level of 34.5% Adjusted dynamics Includes (net amounts): – effect of payment moratoria (4Q’24: +PLN 66 m) – CHF related provisions (4Q’24: -PLN 370 m; 1Q’25: -PLN 49 m; 2Q’25: -PLN 309 m; 3Q’25: -PLN 18 m; 4Q’25: -PLN 288 m) - consumer protection related costs (4Q’24: -PLN 41m, 2Q’25: -PLN 108m, 4Q’25: -PLN 94m) – BGF charges (1Q’25: -PLN 307 m; 2Q’25: -PLN 26 m; 3Q’25: -PLN 25 m; 4Q’25: -PLN 26 m ) – costs of PFSA (1Q’25: -PLN 35 m, 3Q’25: -PLN 2 m) – DTA - effect of introducing a higher CIT rate (4Q’25: +PLN 179 m) 6 376 7 015 1 612 1 685 1 601 - 1 117 +5%+8% 7 493 8 124 1 958 2 076 2 044 - 1 109 -346 -391 -443 1 905 1 950 -45 1 824 2 053 -229
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Awards and distictions 30 Nr 1 Bank Pekao among bond issue organizers in 2025 In the ranking of the website obligacje.pl, Bank Pekao obtained the largest amount of funds for its clients from the issue of corporate bonds in market transactions. 1st place for Pekao in two categories of the SME Banking Club ranking „The Best Digital Solutions for SMEs in the CEE region 2025”. The PekaoBiznes24 platform received the highest rating in the „Best Online Banking for SMEs” category. Prize for „The Best Digital SME Lending”, went to Pekao’s remote lending process. Top Employer For creating an inspiring, friendly work environment and an attractive offer for candidates. – The Best Investment Bank in Poland for 2025 – The Best Sub-Custodian Bank – The Best Bank for Sustainable Finance in Poland for 2025 – Best Trade Finance Provider in Poland Friendly Workplace 2025 For the culture of cooperation, courage and real influence of people on changes, for creating a modern, responsible and friendly organization in which everyone has the space to develop and co-create changes. The most resilient bank in Europe, according to the EBA stress test The most resilient bank in Europe to negative macroeconomic scenarios, out of 64 banks covered by the study. PROJECT ARCHIV3 Best Digital Innovator of the Year in Central and Eastern Europe oraz Best Private Bank Use of Technology The project was recognized for its innovative use of technologies such as blockchain, NFTs, and technical photography, in the preservation of works of art, for its unique contribution to digitization, and for safeguarding cultural heritage for future generations. The project was recognized as a pioneering solution that strengthens the role of banks in culture and sets new standards in wealth management. Recognition in the prestigious PR Wings 2025 competition for the „Bajki Oszczędzajki” project - a series of creative stories about finances, prepared in cooperation with Empik book store on the occasion of the 5th anniversary of the PeoPay KIDS Package. STRESS 2025 TEST
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3131 Growing momentum of the loan portfolio and commission income Nominal net profit +10% y/y Lending revival with +8% y/y and fee and commission income dynamics with +11% y/y Strong growth in digital channels Robust capital position, additionally supported by Tier 2 issue
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Key achievements - financials Business achievements Macro & Financial results Appendix 32
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RETAIL BANKING: 16% y/y growth in cash loan sales in 2025 with a visible acceleration in loan portfolio growth 33 Cash loan volume growth Market shares - consumer loan portfolio in PLN New sales of cash loans1 PLN m % PLN m 7,3%7,0% 7,1% 304 1 299 1 603 317 1 403 1 720 379 1 577 1 956 418 1 488 1 906 346 1 513 1 859 Dec 23 Sep 24 Dec 25 4Q 24 1Q 25 2Q 25 3Q 25 +16% 12 685 13 922 Dec 24 Sep 25 Dec 25 +13% 88% 89% 89% 89% 86% Sales in electronic channels ² Sales in branches Sales in electronic channels 1 Net sales – solely new money 2 S hare in number 14 350 4Q 25 – Cash loan sales up by PLN 1.9bn (+16% y/y) in 4Q’25 – Visible acceleration in portfolio growth, outperforming the sector – +25% y/y increase in digital channel sales in 2025 – Sales growth driven by attractive offers among top market deals and a strong online marketing campaign
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34 RETAIL BANKING: Increase in mortgage loan sales by 35% y/y PLN mortgage volume growth Market share development in total mortgage New sales of mortgage loans PLN m % PLN m Dec 23 Dec 24 Dec 25Dec 24 Sep 25 Dec 25 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 13.4% 13.3% 13.6%67 560 69 573 +4% -1% 2 570 2 425 70 023 2 768 3 098 2 557 – 35% y/y growth in mortgage loan sales in 2025 – In 2025, the bank won first place in the „Golden Banker” ranking for Mortgage Loans – Expanding the product offering to include an offer for uniformed services, loan refinancing, and preferential terms for amounts exceeding PLN 500,000 – A new edition of the settlement program for customers with loans in CHF – over 11,000 settlements have already been concluded with customers since the launch of the „2% Settlement” program
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RETAIL BANKING: We maintain high sales of new accounts and the competitiveness of award-winning offer 35 Number of individual customers Current accounts: gross sales Gross sales of new credit cards ths ths ths 6 640 6 730 4Q 24 4Q 25 4Q 24 4Q 253Q 252Q 251Q 253Q 24 +1% +96 ths Increase in number of individual customers y/y 123 133 20.9 22.2 20.3 125 4Q 24 4Q 253Q 252Q 251Q 25 19.2 129 6 736 111 19.3 – 2025 will be another year of very high account acquisition - acquiring nearly 500 ths accounts, including 173 ths for young customers up to 26 years of age – The Przekorzystne Account, the Przekorzystne Account for the Young and the Świat Premium Account once again on the podium in the Golden Banker plebiscite – Dynamic growth of over 100% in the number of customers using the Miles & More program with the Bank’s credit cards – to over 35 ths customers
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36 RETAIL BANKING: Another record-breaking year in investment product sales and a very high increase in the total volume of savings Retail deposits Investment products: AUM Investment products: net sales² PLN m PLN m PLN m POther investment products¹ Investment funds 149 710 151 858 155 098 4Q 24 4Q 253Q 25 4Q 24 4Q 253Q 25 4Q 24 4Q 253Q 252Q 251Q 25 +4% 33 336 40 008 29 273 42 06162 608 82 069 +38% 3 767 4 909 5 302 -8% 5 575 3 474 42 644 43 901 86 545 – Another record-breaking year in net sales of investment products: PLN 19.3 billion in 2025 vs. PLN 17.5 billion in 2024 – A very high increase in total savings of individual customers on deposits and investment products – over PLN 29 billion 1 Other investment products include structured products, bonds, insurance investment products for retail clients and Private Banking, PPK 2 Net sales of total investment products of Retail individual and Private customers
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37 ENTERPRISE BANKING: Increase in MID+SME financing volumes by 13% y/y Sales of SME financing Financing volumes Customer acquisition PLN m PLN m Number of clients Loans Leasing and Factoring MID Enterprises SME 954 1 174 1 293 705 560 729 1 659 1 734 2 022 1 276 725 2 002 1 211 702 1 913 27 899 31 565 31 704 11 362 12 507 12 715 39 261 44 072 44 419 Dec 24 Sep 25 Dec 25 +13%+15% 900 917 831 4Q 24 4Q 253Q 254Q 24 1Q 25 4Q 253Q 252Q 25 – POLSTR Loan Offered as the first bank in Poland – Increase in new credit transactions +20% for MID and +16% for SME y/y – €35 million from the EBRD for Pekao Leasing for green investments in SME – €125 million from CEB for Pekao Leasing for SME financing
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Net profit generation path in 12M’25 Revenue growth was the key driver of the 10% y/y increase in net profit PLN m 38 6 376 7 015 811 153 302 -150 -286 123 5 -145 179 -353 Net profit attributable to equity holders of the Bank 2024 Net interest income Net non-interest income 1 Credit holidays Operating costs Cost of risk Costs of legal risk of foreign currency mortgage loans Provisions related to consumer protection Bank tax, CIT and others Revaluation of deferred tax assets Contributions to the Bank Guarantee Fund Net profit attributable to equity holders of the Bank 2025 1 Excluding provision related to consumer protection
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CHF mortgage loans portfolio and CHF portfolio provisions in Pekao compared to the market 39 CHF mortgage loans portfolio and CHF portfolio provisions PLN bn Nota: CHF loan portfolio including off-balance sheet transfers. Data for Pekao as at September 30, 2025, for Bank 1 & Bank 3 as at December 31, 2024, for other banks as at September 30, 2025. Source: financial statements, current reports, own calculations according to a consistent methodology CHF portfolio provisions % CHF portfolio provisions as % of CHF mortgage loans portfolio 7.2 7.0 5.6 5.2 3.1 2.0 1.6 1.1 0.4 0.3 8.0 12.2 8.9 7.8 4.8 3.7 3.1 2.4 0.5 0.7 Bank 4Bank 2Bank 1 Bank 3 Pekao Bank 5 Bank 8Bank 6 111% 175% 160% 149% 196% 130% 257%156% CHF mortgage loans portfolio Bank 9 184% Bank 7 211%
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Limited risk of CHF portfolio 40 Structure of CHF mortgage loans pcs – One of the smallest portfolios on the market, one of the highest reserve coverage – ~75% of the portfolio fully repaid or converted to PLN as a result of concluded settlements – Decrease in inflow of lawsuits on active contracts37.6 ths C H F 2.2 bn 6.7 ths 18.3 ths 1.4 ths 11.2 ths Loans subject to reserve Repaid Final court judgements Settlements Active contracts ~20% in courts ~75% in courts
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Very good financial and liquidity picture 41 LCR and NSFR Loans/Deposits1 Leverage ratio % % % 1 Customer financing (excluding reverse repo transactions) / amounts due to clients, including debt securities (excluding repo transactions) 66 69 Dec 2 4 Sep 2 5 Dec 2 5 239 239243 232 234 175 174 173 169168 4Q 24 1Q 25 2Q 25 3Q 25 L C R N SFR 7.0 7.2 7.0 Dec 2 4 Sep 2 5 Dec 2 5 Regulatory minimum = 3.0% 4Q 25 67
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Change in Total Capital Ratio 42 TCR quarterly change % -0.3% -0.2% -0.1% 1.2%17.0% 16.4% 17.6% Sep 25 Changes of requirement for credit risk Changes in operational risk requirement Other changes Dec 25 T2 bond issue completed in November pro forma – The ratio changed by -0.6 percentage points, mainly due to an increase in the capital requirement for credit and operational risk – The TCR is expected to increase by approximately 1.2 percentage points thanks to the EUR 500 million T2 bond issue completed in November, after obtaining the consent of the Polish Financial Supervision Authority (currently pending, as of December 31, 2025, no decision from the Polish Financial Supervision Authority regarding the inclusion of the issue in the equity funds)
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Items affecting MREL 43 MREL quarterly change % 23.9% 1.2% -0.7% -0.1%23.5% Sep 25 T2 bond issue completed in November Change in capital requirement Other changes Dec 25 – The MREL ratio increased by 0.4 percentage points in Q4 2025, mainly due to: • the T2 bond issue in November, amounting to EUR 500 million • an increase in the capital requirement – The exercise of the early redemption option for the PLN 600 million SP2 series bonds will result in a decrease in MREL by approximately -0.3 percentage points.
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Debt issuances and capital structure Over 100 new investors in 3 EMTN debt issues in 2025 44 T2, SNP and SP debt issuances Strong capital buffers above minimum requirements Nominal amount Series Interest rate Issue date Maturity date Optional redemption date SUBORDINATED DEBT (T2) PLN 1 250m A floating, WIBOR 6M+1,5% 30.10.2017 29.10.2027 - PLN 550m B floating, WIBOR 6M+1,5% 15.10.2018 16.10.2028 - PLN 200m C floating, WIBOR 6M+1,8% 15.10.2018 14.10.2033 15.10.2028 PLN 750m D+D1 floating, WIBOR 6M+1,7% 04.06.2019 04.06.2031 04.06.2026 PLN 750m E floating, WIBOR 6M+1,85% 04.04.2025 04.04.2035 04.04.2030 EUR 500m 5 4.0101% for the first 5 years and 3 months; floating, EURIBOR 3M + 1.55% 27.11.2025 27.02.2036 27.02.2031 SENIOR NON-PREFERRED (SNP) AND SENIOR PREFERRED (SP) BONDS PLN 350m SN2 7.5% in the first 3 years; floating, WIBOR 6M+2.2% 28.07.2023 28.07.2027 28.07.2026 PLN 500m SN3 floating, WIBOR 6M+1,60% 26.04.2024 26.04.2029 26.04.2028 EUR 500m ESN1 5.5% in the first 3 years; floating, WIBOR 3M+2.4% 23.11.2023 23.11.2027 23.11.2026 EUR 500m ESN2 4.0% in the first 5 years; floating, EURIBOR 3M+1.8% 24.09.2024 24.09.2030 24.09.2029 EUR 500m ESN3 3.75% in the first 5 years; floating, EURIBOR 3M+1.65% 04.06.2025 04.06.2031 04.06.2030 EUR 500m ESP4 3.50% in the first 6 years; floating, EURIBOR 3M+1.10% 23.09.2025 23.09.2032 23.09.2031 PLN 600m SP2 floating, WIBOR 6M+0.85% % 30.07.2024 29.01.2027 30.01.2026 1 Including call option 16.4% 7.5% 23.9% +3,9pp 1 350 2 463 1 250 500 750 2 113 2 863 2 113 2 113 1H 26 2H 26 1H 27 2H 27 1H 28 2H 28 1H 29 2H 29 1H 30 2H 30 1H 31 2H 31 8.0% 4.5% 7.4% 19.9% current minnimum requirements 4Q’25 capital structure current target capital structure T C R C B R M R E L 16.0% 8.0% 24.0% 16.4% 7.5% 23.9% +3,9pp 1 350 2 463 1 250 500 750 2 113 2 863 2 113 2 113 1H 26 2H 26 1H 27 2H 27 1H 28 2H 28 1H 29 2H 29 1H 30 2H 30 1H 31 2H 31 8.0% 4.5% 7.4% 19.9% current minnimum requirements 4Q’25 capital structure current target capital structure T C R C B R M R E L 16.0% 8.0% 24.0% Instrument maturity profile1 PLN m %
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2026 Outlook: Solid and stable growth 45Source: Pekao Research forecasts as of October 2025 1 All non-housing loans; 2 Deposits + retail customers assets in investment funds units Economic outlook Banking sector outlook 2024 2025 2026 GDP, % 2.9 3.6 4.0 Private consumption, % y/y 3.1 3.9 3.7 Investments, % y/y -2.3 3.2 8.1 Unemployment, % eop 5.1 5.7 5.5 CPI, % avg 3.6 3.7 1.9 3M Wibor, % eop 5.84 4.28 3.44 Reference rate, % eop 5.75 4.25 3.25 Exchange rate EUR, eop 4.27 4.25 4.30 Exchange rate USD, eop 4.10 3.61 3.59 Public sector balance,% GDP -6.6 -6.9 -6.5 2024 2025 2026 Loans. % y/y 5.2 5.5 9.9 Retail. % y/y 2.7 4.1 8.4 Mortgage loans PLN 8.4 8.0 11.4 Consumer loans1 5.5 7.9 8.9 Corporate. % y/y 5.3 9.0 11.3 Savings2. % y/y 11.5 12.5 7.9 Deposits. % y/y 10.4 9.2 8.7 Retail. % y/y 9.6 7.9 7.2 Corporate. % y/y 3.8 114.4 11.5 – Economic growth is expected to accelerate 4.0% in 2026, driven by investment activity (especially public investment) and robust private consumption, and exports. Inflation will fall below the target, which will allow the National Bank of Poland to continue the cycle of monetary policy easing. – A surprise in 2H25 was the high amortization of the housing loan portfolio. As a result, despite sales exceeding PLN 100 billion, housing portfolio growth remained in the single digits. 2026 will be a year of acceleration in all important loan categories, especially corporate (due to the KPO boom). Given the surprisingly high demand for loans from companies in the final months of 2025, we have increased our 2026 forecast from 9.4% to 11.3% year-on- year.
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Consolidated balance sheet 46 PLN M DEC 24 SEP 25 DEC 25 Q/Q% Y/Y% Cash and cash equivalents 14 269 16 000 12 016 (24.9%) (15.8%) Loans and advances to banks 172 540 501 (7.2%) 191.3% Loans and advances to customers1 182 158 194 123 197 373 1.7% 8.4% Investment securities2 119 772 109 419 122 628 12.1% 2.4% Intangible assets 2 548 2 508 2 560 2.1% 0.5% Tangible fixed assets 2 025 2 076 2 224 7.1% 9.8% TOTAL ASSETS 334 242 338 224 352 233 4.1% 5.4% Amounts due to other banks 7 344 7 319 5 748 (21.5%) (21.7%) Financial liabilities held for trading 1 399 897 891 (0.7%) (36.3%) Amounts due to customers 260 742 261 841 269 552 2.9% 3.4% Zobowiązania z tyt. emisji dłużnych pap. wartościowych 18 949 22 343 25 907 16.0% 36.7% Other 13 894 12 608 14 773 17.2% 6.3% Total liabilities 302 328 305 008 316 871 3.9% 4.8% Total equity 31 914 33 216 35 362 6.5% 10.8% 1 Including loans and advances from customers, receivables from finance leases and non-treasury debt securities; 2 Excluding non-treasury debt securities
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Consolidated income statement 47 PLN M 4Q’24 3Q’25 4Q’25 Q/Q% Y/Y% 2024 2025 Y/Y% Net interest income1 3 461 3 430 3 403 (0.8%) (1.7%) 12 729 13 693 7.6% Net fee and commission 776 767 890 16.0% 14.7% 2 854 3 154 10.5% Operating income 4 349 4 309 4 355 1.1% 0.1% 16 049 17 165 7.0% Operating costs2 (1 428) (1 362) (1 463) 7.4% 2.5% (5 244) (5 530) 5.5% Personnel cost (912) (805) (820) 1.9% (10.1%) (3 306) (3 257) (1.5%) Non-personnel cost & depreciation (516) (557) (643) 15.4% 24.6% (1 938) (2 273) 17.3% OPERATING PROFIT 2 921 2 947 2 892 (1.9%) (1.0%) 10 805 11 635 7.7% Provisions (272) (240) (136) (43.3%) (50.0%) (883) (760) (13.9%) Costs of legal risk of foreign currency mortgage loans (370) (18) (288) 1 500.0% (22.2%) (669) (664) (0.7%) Guarantee funds charges 0 (25) (26) 4.0% - (239) (384) 60.7% Banking tax (227) (213) (217) 1.9% (4.4%) (898) (861) (4.1%) PROFIT BEFORE INCOME TAX 2 053 2 450 2 225 (9.2%) 8.4% 8 123 8 961 10.3% Income tax (441) (544) (400) (26.5%) (9.3%) (1 744) (1 942) 11.4% GROUP NET INCOME3 1 612 1 905 1 824 (4.3%) 13.2% 6 376 7 015 10.0% 1 NII excl. dividends and other income from equity investments, 2 Costs excl. guarantee funds charges and regulator and inl. FSA; 3 Net profit attributable to equity holders of the Bank Note: Data as reported
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Key performance indicators 48 4Q’24 3Q’25 4Q’25 Q/Q NET Y/YNET 2024 2025 Y/Y NET ROE (%) 20.6% 23.7% 21.3% -2.36 0.71 21.2% 21.4% 0.20 ROA (%) 2.0% 2.2% 2.1% -0.15 0.14 2.0% 2.1% 0.07 NIM (%) 4.33% 4.15% 4.07% -0.08 -0.26 4.16% 4.19% 0.03 L/D (%) 65.5% 68.7% 67.0% -1.71 1.47 65.5% 67.0% 1.47 Cost/Income Ratio (%) 32.8% 31.6% 33.6% 1.99 0.76 32.7% 32.2% -0.50 Cost/Income Ratio inc. BGF (%) 32.8% 32.2% 34.2% 2.01 1.36 34.2% 34.5% 0.30 Cost of Risk (%) 0.58% 0.49% 0.27% -0.22 -0.31 0.48% 0.39% -0.09 TCR 16.1% 17.0% 16.4% -0.60 0.30 16.1% 16.4% 0.30 Tier 1 14.9% 15.6% 15.0% -0.60 0.10 14.9% 15.0% 0.10
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Selected data 49 BANK DEC 24 SEP 25 DEC 25 Q/Q% Y/Y% Outlets 573 565 560 (0.9%) (2.3%) ATM’s 1 314 1 332 1 363 2.3% 3.7% Employees 12 626 13 803 13 765 (0.3%) 9.0% No of PLN current accounts (ths)1 8 706 8 906 8 928 0.2% 2.6% No of mortgage loan accounts (ths)2 346 338 333 (1.5%) (3.8%) No of clients holding a consumer loan accounts (ths)3 575 582 572 (1.7%) (0.5%) Number of individuals acitive users electronic banking Pekao24 (ths)5 3 864 4 068 4 106 0.9% 6.3% Number of individuals with an access to mobile banking (ths)4 5 451 5 770 5 790 0.3% 6.2% GROUP DEC 24 SEP 25 DEC 25 Q/Q% Y/Y% Employees 15 212 15 076 14 911 (1.1%) (2.0%) Number of MF accounts (ths) 822 874 909 4.0% 10.6% Number of Brokerage accounts (ths) 203 207 207 0.2% 2.2% 1 Number of accounts including pre-paid card accounts; 2 Retail clients’ accounts; 3 Pożyczka Ekspresowa (Express Loan); 4 Including individuals and micro companies; 5Including individuals and micro companies
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Mutual Funds distributed by the Group 50 Mutual funds - volumes Pekao Investment Management S.A. PLN m % Third party funds distributed by the Group Pekao Investment Management S.A. Equity funds Balance funds Money and bonds funds Employee Capital Programs 28 308 35 814 4 24431 696 40 058 33 681 4 011 37 692 Dec 24 Sep 25 Dec 25 +26.4% +6.3% 6.1% 17.1% 70.5% 6.3% 3 388 Third party funds distributed by the Group Pekao Investment Management S.A. Equity funds Balance funds Money and bonds funds Employee Capital Programs 28 308 35 814 4 24431 696 40 058 33 681 4 011 37 692 Dec 24 Sep 25 Dec 25 +26.4% +6.3% 6.1% 17.1% 70.5% 6.3% 3 388
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Ratings of Bank Pekao S.A. 51 31.12.2025 PEKAO POLAND FITCH RATINGS Long-term rating (IDR) BBB+ A- Short-term rating F2 F1 Viability rating bbb+ _ Outlook Stable Negative PEKAO POLAND S&P GLOBAL RATINGS Long-term rating A- A- Short-term rating A-2 A-2 Stand-alone bbb+ Outlook Stable Stable PEKAO POLAND MOODY’S INVESTORS SERVICE LTD unsolicited rating Long-term rating A2 A2 Short-term rating Prime-1 Prime-1 BCA baa2 – Outlook Negative Negative ESG RATINGS Institution ESG Rating MSCI A FTSE Russell 3,6 Morningstar Sustainalytics 19,5 Low risk S&P CSA 41/100 ISS ESG C-
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PZU Group is the largest insurance and banking group in CEE ~480 bn PLN of assets. More than 22 million clients in 5 countries Polish Development Fund (PFR) is a group of financial andadvisory institutions supporting companies, local governments and individuals 20% 13% 6% 5%8%5% 42% P Z U S .A. P F R S .A. N N O F E A l l i a n z O F E Other O F E T F I Other 1 2 64% 16% 12% 8% P o l and E u r o p e U S A Other % % ISIN: P LP EK A O 0001 6 Bloom berg: P EO P W Reuters: P EO .W A Jan 20 Apr 20 Jul 20 Oct 20 Jan 21 Apr 21 Jul 21 Oct 21 Jan 22 Apr 22 Jul 22 Oct 22 Jan 23 Apr 23 Jul 23 Oct 23 Jan 24 Apr 24 Jul 24 Oct 24 Jan 25 Apr 25 Jul 25 Oct 25 Jan 26 Pekao Euro Stoxx 600 Banks SHAREHOLDERS: Diversified shareholder base 52 Shareholding structure Listing and valuation TSR Performance vs. sector (%)3 – The second largest bank in terms of assets (PLN 338 bn) and third largest bank in Poland in terms of market capitalization (PLN 50 bn) – Member of several local and global indices: WIG Banki, WIG 20, WIG 30, MSCI Emerging Markets, STOXX Europe 600 Index, FTSE Developed Equity Index, FTSE4Good – Reliable dividend payer: ~ PLN 22 bn dividend paid out over last decade – P/BV’25: 1.5x, P/E’25: 7.3x3 Source: 1 Polish Pension Funds semi-annual reports dated 31st of December 2025; 2Source: Analizy online, as of 31st of December 2025; 3 Bloomberg as of 10th of February 2026
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Investor Relations Team: Contact and calendar 53 CONTACT DETAILS Q&A RELATED TO THE PRESENTATION: Marcin Jabłczyński Head of Investor Relations ph.: +48 722 034 633 e-mail: marcin.jablczynski@pekao.com.pl Iwona Milewska tel.: +48 691 202 645 e-mail: iwona.milewska@pekao.com.pl FINANCIAL CALENDAR 19.02.2026 Annual Report 2025 and Webcasting 30.04.2026 First Quarter Report and Webcasting 30.07.2026 Semi-annual Report and Webcasting 29.10.2026 Third Quarter Report and Webcasting
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Disclaimer 54 This presentation (the ”Presentation”) has been prepared by Bank Polska Kasa Opieki Spółka Akcyjna (“Bank”) for the clients, shareholders and financial analysts. The Presentation should not be treated as an offer or invitation to purchase any securities or financial instruments or as advice or recommendation in respect to such securities or financial instruments. The presented data are only general information and does not refer to an offer by the Bank for products or services. In order to take advantage of the services and products of the Bank, one should be thoroughly familiar with the characteristics of the particular service or product, its rules, risks and legal and tax consequences of the use of particular services or products. The strategy presented in the Presentation contains goals which are the ambition of the Management Board and do not constitute any financial results forecast. Rights for the Presentation as a whole are reserved to the Bank. The Presentation is subject to the protection provided by law, in particular: the Act dated 4 February 1994 on Copyright and Related Rights (consolidated text in Journal. Laws of 2006, No. 90, item. 631, as amended); the Act dated 27 July 2001 on the protection of Databases (Journal of Laws No. 128, item. 1402, as amended); the Act dated 16 April 1993 on Combating Unfair Competition (consolidated text in Journal of Laws of 2003 , No. 153, item 1503, as amended) and the Act dated 30 June 2000 on Industrial Property Law (consolidated text in Journal. Laws of 2003, No. 119, item. 1117, as amended). The Presentation may include forward looking statements, the Bank’s outlook for the future, future plans and strategies or anticipated events that are not historical facts. Since these statements are based on assumptions, expectations, projections and provisional data about future events, the content is inherently uncertain. Factors that could cause or contribute to differences in current expectations include, but are not limited to: (i) general economic conditions, among which the economic conditions of the business areas and the markets in which the Bank and its subsidiaries operate, (ii) the performance of financial markets (iii) changes in laws or regulations and (iv) general competitive conditions locally, regionally, nationally and/or internationally. The Bank does not undertake to publish any updates, modifications or revisions of the information, data or statements contained herein should there be any change in the strategy or intentions of the Bank, or should facts or events occur that affect the Bank’s strategy or intentions, unless such reporting obligations arise under applicable laws and regulations. Neither the Bank, nor any of its representatives shall be responsible for any loss or damage that may arise from the use of the Presentation or of any information contained herein or otherwise arising in connection to this Presentation. This presentation is not for distribution in or into countries where the public dissemination of the information contained herein may be restricted or prohibited by law.