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1H’26 FINANCIAL RESULTS Warsaw, July 30th, 2026 STRONG COMMERCIAL VOLUME GROWTH OFFSETS GEOPOLITICAL AND REGULATORY RISKS
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11 STRONG COMMERCIAL VOLUME GROWTH OFFSETS GEOPOLITICAL AND REGULATORY RISKS Nominal net profit 2.748 bn PLN (-16% y/y) 6M’26 Lending (+10% y/y) and fee and commission income revival (+11% y/y) Strong growth rates in digital channels Robust capital position and comfortable MREL levels, further strengthened by the June SNP and the July Tier 2 issuances
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2 KEY ACHIEVEMENTS - FINANCIALS01. MACRO & FINANCIAL RESULTS03. BUSINESS ACHIEVEMENTS02. APPENDIX04.
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KEY ACHIEVEMENTS Net profit nominal (6M’26) ROE with annualised BFG cost (6M’26) C/I incl./excl. BFG (6M’26) Tier 1 Assets Financing portfolio CoR (6M’26) NPL (6M’26) PLN 2.748 bn -16% y/y 16.8% 36.4 1 %/ 34.0% 14.8% PLN 368 bn +8% y/y PLN 214 bn +10% y/y 42 bps 4.4% 331 C/I with annualised BFG cost
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DOUBLE-DIGIT GROWTH IN LENDING IN KEY STRATEGIC SEGMENTS Cash loan volume Micro financing volume PLN bn PLN bn Jun 25 Jun 26 Jun 25 Jun 26 13.5 5.3 15.5 6.1 +14.8% +15.0% 4 MID+SME financing volume PLN bn Jun 25 Jun 26 42.7 48.7 +14.3%
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5 ALL BUSINESS SEGMENTS CONTRIBUTED TO 1H26 PERFORMANCE Retail banking New sales of cash loans (net) CustodyNew sales of MID financing New sales of mortgage loans Portfolio of LARGE clients Fees in SME segment New sales of micro loans Leasing portfolio MID+SME financing volume +16% +28%+29% +29% +17%+19% +13% +18%+14% Enterprise banking Corporate banking Note: Enterprise Banking segment consists of MID and SME segments 6M’26 (vs 6M’25)
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6 KEY ACHIEVEMENTS - FINANCIALS01. MACRO & FINANCIAL RESULTS03. BUSINESS ACHIEVEMENTS02. APPENDIX04.
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IMPLEMENTATION OF BANK PEKAO’S STRATEGY IS UNDERWAY 7 ROE (%) C/I (%, incl./excl. BGF) Dividend 4 (%) Target 2027 >18 2 <35 50-75 65-75CoR (bps) Execution 6M’26 15.7/16.8 1 36.4 3 /34.0 75 5 42 Strategic goals of Bank Pekao 1 ROE including annualised BFG cost. ROE adjusted for CIT rate change would have stood at: 19.4% 2 Assuming the NBP reference rate of 3.5% at the end of 2027 3 C/I with annualised BFG cost 4 Dividend payout ratio 5 Dividend payout ratio from 2025 profit. The amount of dividend per share is PLN 19.77 Bank Pekao Strategy 2025-2027 Growth Accessibility Efficiency ...the onlyway is up!
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8 Retail banking • Travel Rewards Program – loyalty program rewarding everyday card payments, offering travel-related benefits worth up to PLN 2,400 per year • Enhanced “Safe Travel” Insurance – a comprehensive travel insurance product featuring broader coverage, higher protection limits and a seamless digital purchase process • Portfolio+ – a new investment management service enabling clients to entrust their assets to experienced professionals who invest according to a selected strategy • Pekao Shareholders’ Club – launch of a loyalty program for individual investors • Prepaid Mastercard Cards for SMEs – expansion of the SME offering with a flexible solution supporting employee expense management • Multicurrency Cash Pooling – a new liquidity management solution for corporate groups, enabling efficient consolidation and optimization of balances across multiple currencies • Deposited Funds Account – to a dedicated account for handling bid bonds and security deposits, offering automated processing and full tracking of individual payments from counterparties • PeoBIZ 2.0 – strong growth in mobile app adoption, with the number of active users increasing by 35% year-on-year • Further expansion of the Self-Service Zone – introduction of 15 new digital processes, enhancing client autonomy and streamlining day-to-day banking operations • Digital onboarding – continued enhancements to the onboarding journey driving higher acquisition of business clients through digital channels Enterprise & Corporate banking WE SYSTEMATICALLY EXPAND OUR OFFER FOR OUR CLIENTS
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Active mobile banking customers m 2Q 25 1Q 26 2Q 26 3.79 3.59 3.84 +7% 3,7 m Number of active PeoPay users (+8% y/y) 9 – Mobile app enhancements – introduction of financial security-related widgets, a simplified transaction history widget, branch and advisor contact information widget, font size adjustment capability and improved navigation experience – Launch of an educational section enabling users to explore app functionalities and stay informed about new features and updates – Introduction of the “Your Finances” feature – a dashboard widget and a financial summary available in the “All” section. – Increased visibility of the “Offers” section within the main navigation, showcasing products and services available for online purchase, including those dedicated to business customers – Implementation of customer satisfaction surveys related to interactions with Bank employees – Automated notifications sent upon app activation and whenever a new app version is installed by customers – Live Nation integration in PeoPay – providing access to exclusive ticket pre-sales for music events – Pennies to Moneybox – automatic transfer of transaction round-up amounts from card or BLIK payments to the customer’s Moneybox – Travel Rewards package – rewards for travel-related spending – Roblox in PeoPay KIDS – enabling in-app Roblox purchases +1% CONTINUED GROWTH IN ACTIVE MOBILE BANKING CUSTOMERS – IN 1H26 AN INCREASE OF 114 THOUSAND ACTIVE USERS 1st place – best internet banking, best private banking 2nd place – best mobile banking
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1010 750 m EUR 500 m EUR SNP 4NC3, TIER 2 11NC6 Joint Lead Manager 1.25 bn PLN GREEN BONDS 7Y BONDS 4.5Y Organizer, Dealer 850 m PLN BONDS 5Y Joint Lead Manager 210 m PLN LOAN FOR LOCAL GOVERNMENT UNITS Lender 88 m EUR INVESTMENT LOAN Lender 450 m PLN INVESTMENT LOAN Lender 2 bn EUR EUROBONDS 8Y & 15Y Joint Bookrunner 750 m EUR GREEN BONDS 7Y Joint Bookrunner 286.6 m PLN INVESTMENT LOAN, GUARANTEE FACILITY, TREASURY LIMIT Lender 27.2 m EUR INVESTMENT LOAN Lender Transactions WE CONSISTENTLY SUPPORT DEVELOPMENT OF OUR CLIENTS
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11 KEY ACHIEVEMENTS - FINANCIALS01. MACRO & FINANCIAL RESULTS03. BUSINESS ACHIEVEMENTS02. APPENDIX04.
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12Source: Pekao Research, Statistics Poland – GDP growth accelerated to 3.8% yoy in Q2. Annual average growth will likely settle at 3.5%, close to last year’s figure. Weaker consumption will be offset by accelerating investment – How do we maintain that pace in the coming years? Our new report, „Why Poland Matters Now” , offers some clues New growth drivers we identified in the report European rearmament New energy race Industrial policy makes a comeback GDP growth %, annual average Our new report 5.2 6.2 4.6 -2.0 6.9 5.3 0.3 3.3 3.7 3.5 2.9 -3 -2 -1 0 1 2 3 4 5 6 7 8 20172018201920202021202220232024202520262027 POLAND IS A GROWTH CHAMPTION. HOW DO WE MAINTAIN THAT STATUS IN THE FUTURE?
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Inflation – historical and forecasted Inflation broken by variability buckets NBP interest rates and expectations 13Source: Pekao Research, Statistics Poland, NBP, Refinitiv, Bloomberg – The oil shock proved to be smaller than anticipated. In particular, fears of second round effects were unfounded. Prices rose for goods and services characterized by high volatility and linked to energy (fuels, airline tickets, package holidays) – Inflation to stay in the 2.5-3.0% range until the end of the year. There are downside risks in the short term (food prices, weak labor market) – The MPC is signalling its willingess to resume monetary easing, but there is considerable uncertainty as to when that happens. We assume 2027 % y/y % % 0 2 4 6 8 10 12 14 16 18 20 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 CPI (%y/y) Core inflation (%y/r) 0 1 2 3 4 5 6 7 2020 2021 2022 2023 2024 2025 2026 2027 -5 0 5 10 15 20 25 30 35 2020 2021 2022 2023 2024 2025 2026 Sticky Normal Volatile NBP reference rate Pekao forecast Market pricing Market consensus INFLATION RETURNED TO TARGET, THE MPC IS THEREFORE GETTING READY TO RESUME RATE CUTS. THIS WILL HAPPEN IN 2027 .
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64 192 119 583 9 052 57 877 108 092 65 287 123 270 70 629 15 518 48 74346 34090 284 Retail loan volumes1 Corporate loan volumes2 PLN m PLN m Jun 2025 Mar 2026 Jun 2026 Jun 2025 Mar 2026 Jun 2026 68 629 13 516 42 654 86 556 69 905 14 831 88 998 +4.3% +14.0% 141 Gross loans 2 Gross loans, Corporate and Enterprise segments including leasing and factoring, excl. BSB and reverse repo transactions. – Total loans increased by 10% y/y – +4.3% y/y growth in retail loan portfolio, including: • +14.8% y/y growth in cash loan volume • +2.9% y/y growth in mortgage loan volume (rising sales are partially offset by the impact of portfolio refinancing) – Corporate loans up 14% y/y. Strong loan growth for enterprises (MID + SME) of 14.3% y/y 7 5624 1374 411 4 262 Consumer loans Mortgage loans MID+SMEOther retail loans Corporate loans Public sector +14.8% +2.9% +14.3% +12.8% 9 052 ACCELERATION IN THE GROWTH OF CUSTOMER FINANCING 9 240
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Customer retail savings Corporate deposits and own issues PLN m PLN m 15 – Total deposit base increased by 6.8% y/y – Net assets of investment funds managed by Pekao TFI S.A. amounted to PLN 45,745 million as at the end of June 2026, an increase of PLN 9,232 million, i.e. 25.3%, compared to the end of June 2025 – Total increase in own issues by 42% y/y Retail deposits Corporate depositsMutual funds (Pekao TFI) Own issues 112 680 138 124 159 119 43 075 25 444 202 194 110 475 130 118 Jun 2025 Mar 2026 Jun 2026 Jun 2025 Mar 2026 Jun 2026 153 973 36 513 19 643 190 486 +8.1% +15.3% +25.3% +4% +42% +10.6% A MATERIAL INCREASE IN CUSTOMER DEPOSITS AND INVESTMENT ASSETS 160 163 45 745 205 908 122 170 150 009 27 839
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Net interest income Net interest margin1 PLN m % 16 THE CHANGE IN NIM LIMITED RELATIVE TO THE SCALE OF THE INTEREST RATE CUTS 4.26% 4.15% 4.07% 3.92% 3.91% 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 3 446 3 430 3 403 3 312 3 302 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 Average WIBOR 3M 3.87%4.88% 4.32% 3.85%5.35% 4.27% 3.91% 6M 25 6M 26 6 860 6 614 6M 25 6M 26 -4.2% -35 bps -150 bps -36 bps -3.6% 4.26% 4.15% 4.07% 3.92% 3.91% 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 3 446 3 430 3 403 3 312 3 302 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 Average WIBOR 3M 3.87%4.88% 4.32% 3.85%5.35% 4.27% 3.91% 6M 25 6M 26 6 860 6 614 6M 25 6M 26 -4.2% -35 bps -150 bps -36 bps -3.6% 1 Excluding efect of TSUE
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Interest-bearing assets Interest-bearing liabilities PLN m PLN m 17 INCREASED BUSINESS SCALE AND LOWER COST OF FINANCING LIABILITIES 292 296 298 308 315 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 Interest on assets Interest on liabilities 325 328 332 343 352 6.07% 5.80% 5.49% 5.29% 4.99% 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 324 347 6.13% 5.13% 6M 25 6M 26 290 312 2.06% 1.44% 6M 25 6M 26 2.01% 1.83% 1.59% 1.53% 1.37% +8.1%+8.4%+7.3% +7.5%
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18 Interest rate risk profile – Consistently executed hedging strategy using fixed-rate securities and derivatives (growing IRS volume) – Current sensitivity to interest rates cuts, resulting mainly from low-interest deposits: 10-15 bps NIM decline for 100 bps rates cut – ~80% share of periodically fixed-rate loans in new mortgage sales; share in total portfolio approx. 40% – Actual NII sensitivity to interest rate cuts is influenced by the ability to adjust term deposits 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 10-15% of assets VARIABLE rate FIXED rate (inc. periodically fixed rate ) FIXED rate (for falling interest rates) VARIABLE rate (economically) LOW SENSITIVITY TO INTEREST RATE CHANGES
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Net fee and commission income PLN m 19 – Net fee and commission income amounted to PLN 1,661 million in the first half of 2026, increasing by PLN 164 million, or 11.0%, compared with the first half of 2025 – The y/y increase was driven by growth across all business segments of the Group, supported by higher customer activity and favorable conditions in the capital markets Loans Cards FX commercial fees Bank account and other feesAsset management & brokerage GROWTH IN COMMISSION INCOME +12.5% +3.7% +11.6% +8.1% +8.6% y/y 163 151 198 164 177 86 86 97 83 93 189 190 261 221 211 191 188 197 186 198 136 152 137 175 153 765 767 890 829 832 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 309 341 159 176 361 432 367 384 301 328 1 497 1 661 6M 25 6M 26 +9.0% +4.6% +19.7% +10.7% +10.4% y/y +8.8% +11.0% +12.5% +3.7% +11.6% +8.1% +8.6% y/y 163 151 198 164 177 86 86 97 83 93 189 190 261 221 211 191 188 197 186 198 136 152 137 175 153 765 767 890 829 832 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 309 341 159 176 361 432 367 384 301 328 1 497 1 661 6M 25 6M 26 +9.0% +4.6% +19.7% +10.7% +10.4% y/y +8.8% +11.0%
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Personnel costs Non-personnel, D&A costs 840 805 820 825 884 536 557 643 602 592 1 376 1 362 1 463 1 427 1 476 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 32,4 31,6 33,6 34,6 33,4 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 BGF and PFSA charges 28 4582626 1 632 1 709 1 073 1 194 2 705 2 903 6M 25 6M 26 31,8 34,0 6M 25 6M 26 376 458 +7.3% +7.3% +1.0 pp +21.8% +2.2 pp 0 Operating costs Cost/Income (excl. BGF) PLN m % 20 – Operating expenses amounted to PLN 2,903 million in the first half of 2026, increasing by PLN 198 million, or 7.3%, compared with the first half of 2025, as the Bank continued to invest in business growth and strategic transformation initiatives – An increase in operating expenses excluding personnel and in depreciation by 11.3% y/y in 6M26, mainly driven by higher IT costs, new-strategy-related projects and more active marketing – An increase in contributions to the BGF of 25.2% y/y in 6M26 – Cost-to-Income ratio (excl. BFG) at 34% in 6M26 CONTINUED OPERATING COST DISCIPLINE
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COST OF RISK BELOW THE STRATEGY ASSUMPTIONS Cost of risk PLN m bps 21 – Cost of risk at 47 bps in 2Q26 and 42 bps YTD – Quarter-on-quarter increase in the cost of risk in the portfolio of business entities driven by additional provisions for one capital group, while lower cost of risk in the portfolio of individual clients results from the persistently very low loss ratio – The Bank is continuously monitoring risks stemming from the armed conflict in the Middle East region. Exposure to entities from this region and to sectors particularly vulnerable to such risk limited and amounts to 0.15% and 5.94% of the Group’s total on-balance-sheet exposure, respectively 1 Segment division excluding ex-Idea Bank bps1 Group Business entities Individual clients 48 49 27 37 47 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 231 240 136 189 248 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 48 37 47 85 60 71 3 3 10 2Q 25 1Q 26 2Q 26 Grupa Podmioty gospodarcze Klienci indywidualni 384 437 6M 25 6M 26 48 49 27 37 47 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 231 240 136 189 248 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 48 37 47 85 60 71 3 3 10 2Q 25 1Q 26 2Q 26 Grupa Podmioty gospodarcze Klienci indywidualni 384 437 6M 25 6M 26
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STABLE ASSET QUALITY NPL ratio1 NPL coverage ratio % % 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 2Q 262Q 25 3Q 25 4Q 25 1Q 26 4.5 4.0 76 757271 22 1 Ratio for non-financial sector at 06’26 – 4.6% 17 Pekao excl. Idea Pekao total 161518 59 595753 ex-Idea portfolio (covered by BGF guarantee) Underlying NPL NPL coverage: Stage3 NPL coverage: Stage 1-2 Group Business entities Individual clients 0.5 Business entities Individual clients 69 94 12 27 57 67 2Q 25 1Q 26 2Q 26 4.54.5 6.26.3 2.22.3 4.5 4.1 0.4 71 15 56 4.4 4.0 0.4 71 14 57 4.5 4.0 0.5 – NPL ratio below 5% threshold – Stable and high provision coverage ratio 4.4 3.9 0.5 4.4 6.1 2.1
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Net profit in the first half of 2026 was negatively affected by: the increase in the corporate income tax rate from 19% to 30%, lower market interest rates, and an increase in contributions to the Bank Guarantee Fund (BFG) of PLN 84 million. PLN m 23 Net profit attributable to equity holders of the Bank IH 2025 Net interest income (*) Net fee and commision income Net non- interest income (**) Provisions related to consumer protection Operating costs Cost of risk Costs of legal risk of foreign currency mortgage loans Contributions to the Bank Guarantee Fund Tax on certain financial institutions, CIT and others Net profit attributable to equity holders of the Bank IH 2026 3 286 2 748 -246 164 44 78 -198 -53 269 -84 -512 * Including the impact of the CJEU judgment on consumer loan costs * * Excluding the cost of consumer protection provisions Impact of external factors NET PROFIT GENERATION PATH IN 1H26
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CET 1 Total capital adequacy ratioTier 1 % %% Minimum requirements 2026 Payment criterion up to 50% / 75% of net profit1 Pekao Group Minimum requirements 2026 Payment criterion up to 50% / 75% of net profit1 Pekao Group Minimum requirements 2026 Payment criterion up to 50% / 75% of net profit1 Pekao Group 9.0 12.5 10.510.0 13.5 11.5 14.8 16.8 15.2 +5.8 pp +4.3 pp+4.3 pp 24 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% STRONG CAPITAL POSITION – CAPITAL SURPLUS OVER 4.3 PP . DIVIDEND POTENTIAL IN LINE WITH THE STRATEGY (50-75% OF NET PROFIT)
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MREL % MREL-TREA requirements Jun 2026 MREL-TEM requirements Jun 2026 18.1 1.8 5.5 19.9 5.9 23.1 1.2 10.7 24.3 11.3 25 – 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 MINIMUM REQUIREMENT FOR OWN FUNDS AND ELIGIBLE LIABILITIES (MREL) 0.4 0.6
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26 The Polish Bank Association recognized Pekao’s commitment to the development of the financial market in areas critical to the resilience, security, and defense of the economy. Bank Pekao S.A. teams received awards at the Polish Contact Center Awards 2026 – the most prestigious competition for the contact center and customer service sector in Poland, setting customer service quality standards and shaping the direction of development for the entire industry. Bank Pekao S.A. was recognized with three awards and one distinction in the 2026 edition of the prestigious Złoty Bankier ranking, organized by Bankier.pl and Puls Biznesu. In this year’s competition, Bank Pekao received: second place in the Mortgage Loan category for its Home Mortgage Loan, third place in the Children’s Account category for its Przekorzystne Account, third place in the Product/Service with a Mission category for its Medical Studies Loan, and a distinction in the Social Media category. Dagmara Wojnar, Vice President of Bank Pekao, was named among the “26 Women Transforming Poland’s Financial Industry in 2026” by My Company Polska magazine. – Bank Pekao S.A. has once again been recognized by the specialist financial magazine Global Finance in the Treasury and Cash Management category on the Polish market. – Bank Pekao S.A. has won the prestigious „Best Sub-Custodian Bank” award from Global Finance magazine for the fourteenth time, confirming its leading position on the Polish custody services market. On April 16, the Warsaw Stock Exchange (GPW) celebrated its 35th anniversary. Bank Pekao S.A. received one of the anniversary awards for having paid the highest cumulative value of dividends, totaling nearly PLN 40 billion. AWARDS AND DISTICTIONS
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27 KEY ACHIEVEMENTS - FINANCIALS01. MACRO & FINANCIAL RESULTS03. BUSINESS ACHIEVEMENTS02. APPENDIX04.
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28 PLN mortgage volume growth Market share development in total mortgage New sales of mortgage loans PLN m % PLN m 2 001 Dec 23 Dec 24 Dec 25 Jun 26 7.3% 7.5% 2Q 25 3Q 25 4Q 25 1Q 26 +16.3% 13 516 14 831 Jun 25 Mar 26 Jun 26 +14.8% 15 518 1 956 2Q 26 1 906 1 8597.0% 7.1% 2 275 – In 2Q the value of signed agreements reached PLN 3.2 bn with record-high sales recorded of the history of the Bank with net sales reached PLN 2.3 bn (+16.3% y/y) – In 2Q market share in sales reaches over 9.0% with a growth of over 1.0% y/y – By the end of June 2026 cash loans portfolio reached the level of PLN 15.5 bn i.e. with a growth of +14.8% y/y with growth of momentum comparing to the banking sector – Sales were supported by attractive offers ranked among the top market offers, an online marketing campaign RETAIL BANKING: IN 2Q THE VALUE OF THE SIGNED AGREEMENTS REACHED THE RECORD-HIGH VOLUME OF THE HISTORY OF THE BANK PLN 3.2 BN GROSS
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29 RETAIL BANKING: GROWTH OF MORTGAGE LOANS SALES IN 2Q UP TO PLN 3.9 BN, +42% IN COMPARISON WITH 1Q AND Y /Y Cash loan volume growth Market shares - consumer loan portfolio in PLN New sales of cash loans PLN m % PLN m 2 763 Dec 23 Dec 24 Dec 25 Jun 26 13.4% 13.0%13.3% 13.6%68 629 69 905 Jun 25 Mar 25 Jun26 +3% +42% +42% 2Q 25 3Q 25 4Q 25 1Q 26 70 629 2 768 3 098 2Q 26 2 557 3 920 – Mortgage loan sales reached PLN 6.7 billion in the first half of 2026, up 29% compared with the first half of 2025. In sales 2Q26 amounted to PLN 3.9 bn growing by +42% y/y. – We keep the significant growing trend month by month approaching record sales levels observed during the period of the “Safe 2% Mortgage” programme – The product offering was expanded to include solutions for public sector employees and refinancing of existing mortgage loans
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RETAIL BANKING: WE MAINTAIN HIGH SALES OF NEW ACCOUNTS AND THE COMPETITIVENESS OF OUR OFFER 30 Number of individual customers Current accounts: gross sales Gross sales of new credit cards ths ths ths 2Q 25 2Q 26 2Q 25 2Q 261Q 264Q 253Q 251Q 26 20.3 125 2Q 25 2Q 261Q 264Q 253Q 25 19.2 129 6 780 6 8056 780 111 19.3 113 16.4 113 17.9 – In the first half of 2026 we opened a total of 226 ths Przekorzystne and Świat Premium accounts, including 74.8ths accounts for customers under the age of 26, representing 33% of total account openings – The number of active mobile banking customers increased by 114ths to 3.8 million, representing a 7% increase y/y and a 16% increase compared with two years ago – We carried out promotional activities focused on increasing card transaction volumes and customer acquisition
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31 RETAIL BANKING: AN INCREASE IN THE VOLUME OF INVESTMENT PRODUCTS AND TOTAL SAVINGS Retail deposits Investment products: AUM PLN m PLN m 4 110 159 119 Other investment products1 Investment funds 153 973 2Q 25 2Q 261Q 26 2Q 25 2Q 261Q 26 +4% +27% 44 745 46 324 91 069 37 705 38 019 75 724 2Q 25 2Q 261Q 264Q 253Q 25 5 302 -37% 5 575 3 474 160 163 3 366 47 604 48 607 96 211 – A strong increase in total retail customer savings held in deposits and investment products, exceeding PLN 26bn y/y 1 Other investment products include structured products, bonds, insurance investment products for retail clients and Private Banking, PPK 2Net sales of total investment products of Retail individual and Private customers Investment products: net sales² PLN m
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32 ENTERPRISE BANKING: INCREASE IN MID+SME FINANCING VOLUMES BY 14% Y /Y Sales of SME and MID financing Financing volumes Customer acquisition PLN m PLN m Number of clients 30 575 33 394 35 231 12 079 12 946 13 512 42 654 46 340 48 743 Jun 25 Mar 26 Jun 26 1 028 1 007 983 2Q 25 1Q 26 2Q 26 4 379 4 213 4 655 3 767 5 444 2 022 2 002 1 913 2 066 2 344 6 401 6 214 6 568 5 833 7 789 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 MID SMEMID SME +14%+22% – We launched de minimis guarantees for SMEs and MIDcaps operating in the defence sector and dual-use technologies – Pekao Leasing streamlined its online leasing process. Lease agreements can now be concluded entirely remotely using various electronic signature methods – MIDcaps segment, together with the Warsaw Stock Exchange (GPW) and Dom Maklerski Pekao, continued nationwide roadshow under the “To the Stock Exchange with Pekao” initiative, promoting companies’ engagement with the capital markets
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33 5.8 5.3 4.1 3.3 2.4 1.3 1.3 1.0 0.3 0.3 7.6 9.7 7.6 8.5 4.6 2.7 2.9 2.1 0.4 0.6 Bank 4Bank 2Bank 1 Bank 3 Pekao Bank 5 Bank 8Bank 6 131% 181% 187% 254 % 224 % 140% 243%188% Bank 9 200% Bank 7 212% CHF portfolio provisions % CHF portfolio provisions as % of CHF mortgage loans portfolioCHF mortgage loans portfolio CHF MORTGAGE LOANS PORTFOLIO AND CHF PORTFOLIO PROVISIONS IN PEKAO COMPARED TO THE MARKET CHF mortgage loans portfolio and CHF portfolio provisions PLN bn Note: CHF loan portfolio including off-balance sheet transfers. Data for Bank 1 & Bank 3 as at December 31, 2025, for Pekao as at June 30, 2026, for other banks as at March 31, 2026. Source: financial statements, current reports, own calculations according to a consistent methodology
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34 Structure of CHF loans pcs – One of the smallest portfolios on the market, one of the highest reserve coverage – More than 80% of contracts fully repaid or resolved through settlements or final court judgements – Decrease in inflow of lawsuits on active contracts 38 ths 2.2 bn CHF 6 ths 18 ths 2 ths 12 ths Loans subject to reserve Repaid Final court judgements Settlements Active contracts ~20% in courts ~75% in courts LIMITED RISK OF CHF PORTFOLIO
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35 LCR and NSFR Loans/Deposits1 Leverage ratio % % % 1 Customer financing (excluding reverse repo transactions) / amounts due to clients, including debt securities (excluding repo transactions) 232% 234% 239% 238% 227% 173% 168% 171% 168% 167% 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 6.9% 7.1% 6.9% Jun 25 Mar 26 Jun 26 Regulatory minimum =3.0% 66% 68% 67% Jun 25 Mar 26 Jun 26 LCR NSFR ROBUST FINANCIAL AND LIQUIDITY POSITION
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36 TCR quarterly change % -0.4% -0.5% 1.2%17.7% 16.8% 18.0% Mar 26 Capital requirement change Early redemption option of Tier 2 bonds Jun 26 T2 bond issuance completed in July TCR pro forma – The ratio decreased by 0.9 pp, mainly due to: • the exercise of the early redemption option for Tier 2 bonds series D+D1 in the amount of PLN 750m, • an increase in capital requirements related to credit risk – An expected increase in the TCR of approx. 1.2 pp due to the issuance of T2 bonds in the amount of EUR 500m in July CHANGE IN TOTAL CAPITAL RATIO
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37 MREL quarterly change % 24.3% 24.30% 25.50% -0.4% 1.8% -0.6% 23.5% 1.2% -0.2% 25.3% Mar 26 Early redemption of T2 bonds SNP bond issuance completed in June Capital requirement change Jun 26 T2 bond issuance completed in July SNP bond early redemption MREL po forma – The MREL ratio increased by 0.8 pp in 2Q26, mainly due to the issuance of SNP bonds in the amount of EUR 750m in June depsite: • the exercise of the early redemption option for Tier 2 bonds series D+D1 in the amount of PLN 750m, • an increase in capital requirements related to credit risk – An expected increase in the MREL of approx. 1.2 pp due to the issuance of T2 bonds in the amount of EUR 500m in July – The redemption of SNP Series SN2 bonds in the amount of PLN 350m will reduce the MREL by approx. 0.2 pp ITEMS AFFECTING MREL
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38 Strong capital buffers above minimum requirements 1 Including call option 2 Including expected increase in the TCR and MREL of approx. 1.2 pp due to the issuance of T2 bonds in the amount of EUR 500m in July and a decrease in MREL of approx. 0.2 pp following the redemption of SNP Series SN2 bonds in the amount of 350 mln PLN +5,5 pp 2 498 1 250 500 750 3 222 2 148 2 898 2 148 2 148 2 148 2H 26 1H 27 2H 27 1H 28 2H 28 1H 29 2H 29 1H 30 2H 30 1H 31 2H 31>2032 8.0% 18.0% 16.0%4.5% 7.4% 7.3% 8.0% 19.9% 25.3%/uni00B2 24.0%TCR CBR MREL current minimum requirements capital structure pro forma current target capital structure +5,5 pp 2 498 1 250 500 750 3 222 2 148 2 898 2 148 2 148 2 148 2H 26 1H 27 2H 27 1H 28 2H 28 1H 29 2H 29 1H 30 2H 30 1H 31 2H 31>2032 8.0% 18.0% 16.0%4.5% 7.4% 7.3% 8.0% 19.9% 25.3%/uni00B2 24.0%TCR CBR MREL current minimum requirements capital structure pro forma current target capital structure Instrument maturity profile1 PLN m % DEBT ISSUANCES AND CAPITAL STRUCTURE T2, SNP and SP debt issuances 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 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; loating, EURIBOR 3M + 1.55% 27.11.2025 27.02.2036 27.02.2031 EUR 500m 7 4.276% for the first 6 years; floating, EURIBOR 3M + 1.45% 13.07.2026 13.07.2037 13.07.2032 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 5 years; floating, EURIBOR 3M+1.10% 23.09.2025 23.09.2032 23.09.2031 EUR 750m ESP6 3.625% in the first 3 years; floating, EURIBOR 3M+0.92% 03.06.2026 03.06.2030 03.06.2029
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39 Source: Pekao Research forecasts as of July 2026 1 All non-housing loans; 2 Deposits + retail customers assets in investment funds units – Economic growth is expected to stabilise at 3.5% in 2026, driven by investment (particularly public investment), private consumption, and exports. This forecast includes the -0.5 p.p. effect of the Middle East war (consumption channel) – Energy shock will push inflation above the NBP target. However, there will be no serious second- round effects due to the labour market slack, small output gap, and considerate monetary policy – 2026 is expected to be a year of acceleration across all major loan categories, esp. loans to the NFC. Credit expansion will happen despite no more interest rate cuts 2026 OUTLOOK: STABLE GROWTH IN AN UNSTABLE WORLD Economic outlook Banking sector outlook 2025 2026 2027 GDP, % 3.7 3.5 2.9 Private consumption, % y/y 3.7 3.1 2.5 Investments, % y/y 4.5 7.5 6.5 Unemployment, % eop 5.7 5.9 5.8 CPI, % avg 3.6 2.7 2.7 3M Wibor, % eop 3.99 3.93 3.51 Reference rate, % eop 4.00 3.75 3.25 Exchange rate EUR, eop 4.23 4.25 4.20 Exchange rate USD, eop 3.60 3.65 3.55 Public sector balance, % -7.3 -6.5 -5.9 2025 2026 2027 Loans, % y/y 5.5 9.2 8.9 Retail, % y/y 4.1 7.2 7.5 Mortgage loans PLN 8.0 9.3 9.2 Consumer loans1 7.9 8.9 8.5 Corporate, % y/y 9.0 11.3 10.7 Savings2, % y/y 12.5 8.6 8.5 Deposits, % y/y 9.2 9.1 9.1 Retail, % y/y 7.9 7.2 7.3 Corporate, % y/y 14.4 13.5 12.5
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40 PLN M JUN 25 MAR 26 JUN 26 Q/Q% Y/Y% Cash and cash equivalents 17 932 14 467 21 210 46.6% 18.3% Loans and advances to banks 609 167 380 127.5% (37.6%) Loans and advances to customers1 188 434 201 848 206 561 2.3% 9.6% Securities2 114 564 118 154 121 978 3.2% 6.5% Intangible assets 2 498 2 521 2 547 1.0% 2.0% Tangible fixed assets 2 053 2 263 2 299 1.6% 12.0% Transactions with a commitment to resell 4 836 7 516 3 566 (52.6%) (21.6%) Other assets 3 8 708 9 411 9 248 (1.7%) 6.2% TOTAL ASSETS 339 634 356 347 367 789 3.2% 8.3% Amounts due to other banks 7 562 5 743 7 899 37.5% 4.5% Financial liabilities held for trading 1 050 828 823 (0.6%) (21.6%) Amounts due to customers 264 449 271 799 282 333 3.9% 6.8% Debt securities issued 16 100 19 727 22 889 16.0% 42.2% Subordinated liabilities 3 543 5 717 4 951 (13.4%) >100% Other4 15 770 16 492 16 001 (3.0%) 1.5% Total liabilities 308 474 320 306 334 896 4.6% 8.6% Total equity 31 160 36 041 32 893 (8.7%) 5.6% 1 Including loans and advances from customers, receivables from finance leases and non-treasury debt securities; 2 Excluding non-treasury debt securities; 3 Including: Investments in associates; 4 Including: reverse repo transactions CONSOLIDATED BALANCE SHEET
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41 PLN M JUN 25 MAR 26 JUN 26 Q/Q% Y/Y% Net interest income1 3 446 3 312 3 302 (0.3%) (4.2%) Net fee and commission 765 829 832 0.4% 8.8% Operating income 4 252 4 121 4 420 7.3% 4.0% Operating costs2 (1 376) (1 427) (1 476) 3.4% 7.3% Personnel cost (840) (825) (884) 7.2% 5.2% Non-personnel cost & depreciation (536) (602) (592) (1.7%) 10.4% OPERATING PROFIT 2 876 2 694 2 944 9.3% 2.4% Provisions (231) (189) (248) 31.2% 7.4% Costs of legal risk of foreign currency mortgage loans (309) (23) (66) 187.0% (78.6%) Guarantee funds charges (26) (417) 0 (100.0%) (100.0%) Banking tax (215) (219) (224) 2.3% 4.2% PROFIT BEFORE INCOME TAX 2 093 1 848 2 411 30.5% 15.2% Income tax (491) (615) (894) 45.4% 82.1% GROUP NET INCOME 3 1 601 1 232 1 516 23.1% (5.3%) 1 NII excl. dividends and other income from equity investments; 2 Costs excl. guarantee funds charges and regulator and incl. FSA; 3 Net profit attributable to equity holders of the Bank Note: Data as reported CONSOLIDATED INCOME STATEMENT
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42 2Q 25 1Q 26 2Q 26 Q/Q NET Y/Y NET ROE (%) 20.3% 13.8% 17.6% 3.87 (2.66) ROA (%) 1.9% 1.4% 1.7% 0.29 (0.23) NIM (%) 4.26% 3.92% 3.77% (0.15) (0.49) L/D (%) 66.3% 67.9% 66.6% (1.31) 0.27 Cost/Income Ratio (%) 32.4% 34.6% 33.4% (1.23) 1.03 Cost/Income Ratio inc. BGF (%) 33.0% 44.7% 33.4% (11.35) 0.42 Cost of Risk (%) 0.48% 0.37% 0.47% 0.10 (0.01) TCR 17.2% 17.7% 16.8% (0.90) (0.40) Tier 1 15.6% 15.2% 14.8% (0.36) (0.79) KEY PERFORMANCE INDICATORS
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43 BANK JUN 25 MAR 26 JUN 26 Q/Q% Y/Y% Outlets 566 560 557 (0.5%) (1.6%) ATM's 1 323 1 382 1 396 1.0% 5.5% Employees1 13 778 13 624 13 601 (0.2%) (1.3%) No of PLN current accounts (ths)2 8 835 9 017 9 245 2.5% 4.6% No of mortgage loan accounts (ths)3 340 329 327 (0.5%) (3.8%) No of clients holding a consumer loan accounts (ths)4 576 573 575 0.4% (0.1%) Number of individuals acitive users electronic banking Pekao24 (ths)5 4 003 4 436 4 460 0.5% 11.4% Number of individuals with an access to mobile banking (ths)5 5 678 5 856 5 932 1.3% 4.5% GROUP JUN 25 MAR 26 JUN 26 Q/Q% Y/Y% Employees 15 027 14 783 14 781 (0.0%) (1.6%) Number of MF accounts (ths) 850 941 962 2.3% 13.2% Number of Brokerage accounts (ths) 206 209 211 1.1% 2.6% 1 In 2Q’25, the Bank acquired an organized part of the enterprise from Pekao Direct, resulting in the transfer of 1,420 employees to the Bank; 2 Number of accounts including pre-paid card accounts; 3 Retail clients’ accounts; 4 Pożyczka Ekspresowa (Express Loan) and Pożyczka Ekspresowa Business (Express Business Loan); 5 Including individuals and micro companies SELECTED DATA
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44 Mutual funds - volumes Pekao Investment Management S.A. PLN m % 6.4% 17.8% 68.9% 6.9% Equity funds Third party funds distributed by the Group Pekao Investment Management S.A. Balance funds Money and bonds funds Employee Capital Programs Jun 25 Mar 26 Jun 26 +25% +5.8% 31 803 37 218 39 293 3 748 4 755 5 13335 551 41 974 44 426 6.4% 17.8% 68.9% 6.9% Equity funds Third party funds distributed by the Group Pekao Investment Management S.A. Balance funds Money and bonds funds Employee Capital Programs Jun 25 Mar 26 Jun 26 +25% +5.8% 31 803 37 218 39 293 3 748 4 755 5 13335 551 41 974 44 426 MUTUAL FUNDS DISTRIBUTED BY THE GROUP
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45 RATINGS OF BANK PEKAO S.A. 30.06.2026 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 3.5 Morningstar Sustainalytics 19.5 low risk S&P CSA 41/100 ISS ESG C
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ISIN: P LP EK A O 0001 6 B l oom b er g: P EO P W R eu t er s : P EO .W A 20% 13% 5% 5% 5% 52% - 1 0 0 - 5 0 - 0 - 5 0 - 1 0 0 - 1 5 0 - 2 0 0 - 2 5 0 - 3 0 0 - 3 5 0 Jan 2 0 Apr 2 0 Jun 2 0 Oct 20 Jan 2 1 Apr 2 1 Jun 2 1 Oct 21 Jan 2 2 Apr 2 2 Jun 2 2 Oct 22 Jan 2 3 Apr 2 3 Jun 2 3 Oct 23 Jan 2 4 Apr 2 4 Jun 2 4 Oct 24 Jan 2 5 Apr 2 5 Jun 2 5 Oct 26 Jan 2 6 Apr 2 6 Jun 2 6 PZU S.A. PFR S.A. NN OFE Allianz OFE BlackRock, Inc. Other P e k a o E u r o s t o xxx B a n k s 6 0 0 SHAREHOLDERS: DIVERSIFIED SHAREHOLDER BASE 46 Shareholding structure Listing and valuation TSR Performance vs. sector (%)1 – The second largest bank in terms of assets (PLN 368 bn) and third largest bank in Poland in terms of market capitalization (PLN 62 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 24 bn dividend paid out over last decade – P/BV’26: 1.7x, P/E’26: 10.8x1 1 Bloomberg as of 22th of July 2026. Consensus based on our own calculations. PZU Group is the largest insurance and banking group in CEE. ~535 bn PLN of assets. More than 22 million clients in 5 countries. Polish Development Fund (PFR) is a group of financial and advisory institutions supporting companies, local governments and individuals
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47 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 Joanna Zaleska ph.:+48 517 152 561 e-mail: joanna.zaleska@pekao.com.pl Iwona Milewska ph.: +48 691 202 645 e-mail: iwona.milewska@pekao.com.pl FINANCIAL CALENDAR 19 February 2026 Annual Report 2025 and Webcasting 30 April 2026 First Quarter Report and Webcasting 30 July 2026 Semi-annual Report and Webcasting 29 October 2026 Third Quarter Report and Webcasting INVESTOR RELATIONS TEAM: CONTACT AND CALENDAR
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48 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. DISCLAIMER