Interim report
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Report of Bank Pekao S.A. Group for the third quarter of 20 26 This document is a free translation of the Polish original. Terminology current in Anglo-Saxon countries has been used where practicable for the purposes of this translation in order to aid understanding. The binding Polish original should be referre d to in matters of interpretation. Warsaw, October 2026
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This document is not an official version of Report on the activities of Bank Pekao S.A. Group for the year 202 5. In case of any doubt or discrepancy, the official version of Report on the activities of Bank Pekao S.A. Group for the year 202 5 prepared in accordance with the requirements of the ESEF and available on the Bank's website shall prevail. This document is a free translation of the Polish original. Terminology current in Anglo-Saxon countries has been used where practicable for the purposes of this translation in order to aid understanding. The binding Polish original should be referre d to in matters of interpretation. Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 Warsaw, October 2026
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2 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 1. Highlights of Bank Pekao S.A. Group .......................................................................................................................................................................... 3 2. Highlights of Bank Pekao S.A. ................................................................................................................................................................................. 4 3. Highlights and Summary of Performance ............................................................................................................................................................... 5 4. External Activity Conditions ..................................................................................................................................................................................... 7 4.1 Factors which will affect the results of the Group .................................................................................................................................................... 9 5. Organizational Structure ......................................................................................................................................................................................... 10 5.1 Changes in the Bank Pekao S.A. Group ............................................................................................................................................................... 10 5.2 Changes in the Statutory Bodies of the Bank ........................................................................................................................................................ 10 5.3 The Bank’s share capital and share ownership structure...................................................................................................................................... 11 5.4 Financial credibility ratings ..................................................................................................................................................................................... 12 6. Activity of Bank Pekao S.A. Group ........................................................................................................................................................................ 13 6.1 Bank Pekao S.A. on the Polish banking market .................................................................................................................................................... 13 Actions in the ESG area ...................................................................................................................................................................................... 13 Retail Banking And Private Banking ................................................................................................................................................................. 14 Enterprise Banking .............................................................................................................................................................................................. 18 Corporate and Investment Banking ................................................................................................................................................................... 20 Business activities of selected companies....................................................................................................................................................... 22 7. Statement of Financial Position and Financial Results ....................................................................................................................................... 24 7.1 The consolidated income statement – presentation form...................................................................................................................................... 24 7.2 Structure of the consolidated statement of financial position – short form ............................................................................................................ 27 7.3 Capital adequacy ................................................................................................................................................................................................... 32 8. Other Information ..................................................................................................................................................................................................... 34
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3 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 1. Highlights of Bank Pekao S.A. Group 3 QUARTERS OF 2026 3 QUARTERS OF 2025 2025 2024 INCOME STATEMENT – SELECTED ITEMS (in PLN million) Operating income 12,842 12,810 17,165 16,049 Operating costs (4,370) (4,067) (5,530) (5,244) Profit before income tax 6,545 6,736 8,961 8,123 Net profit attributable to equity holders of the Bank 4,264 5,191 7,015 6,376 PROFITABILITY RATIOS Return on average equity (ROE) – nominally 16.5% 21.5% 21.4% 21.2% Return on assets (ROA) 1.6% 2.1% 2.1% 2.0% Net interest margin 3.9% 4.2% 4.2% 4.2% Cost / income (including contributions to the BGF) 37.3% 34.5% 34.5% 34.2% Costs of risk 0.49% 0.43% 0.39% 0.48% STATEMENT OF FINANCIAL POSITION – SELECTED ITEMS (in PLN million) Total assets 372,297 338,224 352,233 334,242 Customers’ financing (*) 212,814 194,123 197,343 182,158 Amounts due to customers (**) 284,971 260,165 268,463 259,034 Debt securities issued 23,411 18,739 20,265 16,167 Subordinated liabilities 7,096 3,604 5,642 2,782 Equity 33,599 33,216 35,362 31,914 STATEMENT OF FINANCIAL POSITION STRUCTURE RATIOS Customers’ financing (*) / total assets 57.2% 57.4% 56.0% 54.5% Securities / total assets 31.5% 32.4% 34.8% 35.8% Deposits (***) / total assets 84.7% 83.5% 83.6% 83.2% Customers’ financing (*) / deposits (***) 67.5% 68.7% 67.0% 65.5% Equity / total assets 9.0% 9.8% 10.0% 9.5% Total capital ratio 17.8% 17.0% 17.1% 16.8% EMPLOYEES AND NETWORK Total number of employees 14,725 15,077 14,911 15,212 Number of outlets 556 565 560 573 Number of ATMs 1,413 1,332 1,363 1,314 (*) Including net investments in financial leases to customers, non-treasury debt securities and excluding reverse repo transactions. (**) Excluding repo transactions. (***) Deposits include amounts due to customers, debt securities issued and subordinated liabilities.
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4 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 2. Highlights of Bank Pekao S.A. 3 QUARTERS OF 2026 3 QUARTERS OF 2025 2025 2024 INCOME STATEMENT – SELECTED ITEMS (in PLN million) Operating income 12,206 12,211 16,318 15,290 Operating costs (4,017) (3,732) (5,083) (4,794) Profit before income tax 6,337 6,641 8,739 8,105 Net profit 4,150 5,175 6,922 6,425 PROFITABILITY RATIOS Return on average equity (ROE) – nominally 16.3% 21.8% 21.4% 21.7% Return on assets (ROA) 1.6% 2.1% 2.1% 2.1% Net interest margin 3.9% 4.3% 4.2% 4.2% Cost / income (including contributions to the BGF) 36.3% 33.5% 33.5% 32.9% Costs of risk 0.48% 0.36% 0.34% 0.38% STATEMENT OF FINANCIAL POSITION – SELECTED ITEMS (in PLN million) Total assets 357,913 325,787 337,858 319,251 Customers’ financing (*) 195,323 178,993 179,485 165,435 Amounts due to customers (**) 285,447 260,413 268,834 259,523 Debt securities issued 12,586 10,114 10,006 6,542 Subordinated liabilities 7,096 3,604 5,642 2,782 Equity 32,970 32,792 34,855 31,516 STATEMENT OF FINANCIAL POSITION STRUCTURE RATIOS Customers’ financing (*) / total assets 54.6% 54.9% 53.1% 51.8% Securities / total assets 33.3% 34.2% 37.0% 37.9% Deposits (***) / total assets 85.3% 84.1% 84.2% 84.2% Customers’ financing (*) / deposits (***) 64.0% 65.3% 63.1% 61.5% Equity / total assets 9.2% 10.1% 10.3% 9.9% Total capital ratio 20.2% 19.5% 19.4% 19.3% EMPLOYEES AND NETWORK Total number of employees 13,529 13,803 13,765 12,626 Number of outlets 556 565 560 573 Number of ATMs 1,413 1,332 1,363 1,314 (*) Including non-treasury debt securities and excluding reverse repo transactions. (**) Excluding repo transactions. (***) Deposits include amounts due to customers, debt securities issued and subordinated liabilities.
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5 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 3. Highlights and Summary of Performance Key Initiatives Awards and distinctions In September 2026, we received an award in the POLSIF Awards 2026 competition for the financing provided to Polenergia . The Bank was among the winners in the Best Sustainable Financing category of the Sustainable Investment Forum Poland. Developing the offer for customers We increased our commercial activity, actively supported customers in maintaining financial liquidity, and continued the digitalisation and automation of processes by implementing advanced digital solutions. We expanded our product offering to address the needs of both individual and business customers. We opened nearly 360 thousand Konto Przekorzystne and Konto Świat Premium accounts, including 134 thousand in the third quarter alone. This included 120.9 thousand accounts opened for customers under the age of 26, representing 33% of all accounts opened. In the third quarter of 2026, the number of activ e mobile banking customers increased by 250 thousand to 3.9 million, up 7% year on year. The number of active mobile customers using the PeoPay application increased by 269 thousand to 3.7 million, up 8% year on year. In the third quarter of 2026, we signed an agreement with the European Bank for Reconstruction and Development, enabling investments of up to PLN 850 million in the Bank's green or sustainability bonds compliant with Bank Pekao's Sustainable Finance Framework. The agreement covers Tier 2 and MREL instruments, including senior preferred and senior non-preferred instruments. Main P&L items In the three quarters of 2026, the Bank Pekao S.A. Group generated net profit attributable to the Bank’s shareholders of PLN 4,264 million. This result was achieved despite significant regulatory and market changes affecting the banking sector and demonstrated the resilience of the Group’s business model and its ability to deliver solid financial results. Net profit for the three quarters of 2026 was primarily affected by external factors, including an increase in the corporate income tax rate from 19% to 30%, lower market interest rates and a PLN 59 million increase in contributions to the Bank Guarantee Fund. Despite a challenging macroeconomic and regulatory environment, annualised ROE, after taking into account the cost of contributions to the Bank Guarantee Fund, remained strong at level 16.8%, demonstrating the Group’s efficient capital utilisation and its ability to generate attractive returns for shareholders. (*) including the impact of the CJEU judgment on consumer loan costs . (**) excluding the cost of consumer protection provisions. Operating income in the three quarters of 2026 amounted to PLN 12,842 million and was 0.2% higher in nominal terms than in the three quarters of 2025. Excluding the negative impact of the CJEU ruling concerning consumer loans, operating income increased by 1.2% year on year, driven by higher net fee and commission income, confirming the strong performance of the Group’s core business. - Net interest income in the three quarters of 2026 amounted to PLN 10,139 million. This result was achieved despite a significant decline in market interest rates (a 1.5 p.p. decrease in the 3M WIBOR rate) and the recognition in the three quarters of 2026 of a PLN 126 million reduction in net interest income due to the CJEU ruling concerning consumer loans. The negative impact of these factors was partially offset by continued volume growth in strategic product areas, in particular cash loans, which increased by 16.2% year on year, and corporate loans, which grew by 13.4% year on year, while maintaining high liquidity and benefiting from lower deposit costs.
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6 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 - Net fee and commission income in the three quarters of 2026 amounted to PLN 2,514 million, and was higher by PLN 250 million, i.e. 11.0%, compared with the three quarters of 2025, driven by growth across all areas of the Group’s operations, supported by increasing customer activity and favourable capital market conditions. Operating expenses in the three quarters of 2026 amounted to PLN 4,370 million, and were higher by PLN 303 million, i.e. 7.5%, compared with the three quarters of 2025. The increase in expenses reflected initiatives supporting further business growth and the implementation of the Bank’s strategic transformation aimed at building long -term value for shareholders. Net allowances for expected credit losses amounted to PLN 769 million, and were higher by PLN 145 million, or 23.2%, compared with the three quarters of 2025. Cost of risk in the three quarters of 2026 amounted to 0.49%, up 0.06 p.p. from the corresponding period of the previous year and remained in line with the strategic assumptions and the adopted risk appetite. Contributions to the Bank Guarantee Fund in the three quarters of 2026 amounted to PLN 417 million, and was higher by PLN 59 million, i.e. 16.5%, compared with the three quarters of 2025, due to the decision of the Council of the Bank Guarantee Fund setting the level of contributions to the BGF funds for 2026, aimed at accelerating the rebuilding of the resolution fun d. Tax on certain financial institutions in the three quarters of 2026 amounted to PLN 669 million, and was higher by PLN 25 million, i.e. 3.9%, compared with the three quarters of 2025. Volumes Loans and advances at gross carrying amount as at the end of September 2026 amounted to PLN 219,786 million, and were higher by PLN 19,179 million, i.e. 9.6%, compared with the end of September 2025. Retail customer loans as at the end of September 2026 amounted to PLN 92,386 million, and were higher by PLN 4,093 million, i.e. 4.6%, compared with the end of September 2025, supported by cash loan sales, which increased by 17.5% year on year, driving a 16.2% year-on-year increase in cash loan volumes, as well as mortgage loan sales of PLN 10.9 billion, with mortgage loan volumes up 3.3% year on year. Corporate loans, including non-Treasury debt securities, as at the end of September 2026 amounted to PLN 127,400 million, and were higher by PLN 15,086 million, i.e. 13.4%, compared with the end of September 2025, mainly due to strong growth in corporate loans in the MID and SME segments, up 14% year on year, and loans to large corporates up by over 12%. Amounts due to the Group’s customers as at the end of September 2026 amounted to PLN 284,971 million, and were higher PLN 24,806 million, i.e. 9.5%, compared with the end of September 2025. Retail deposits as at the end of September 2026 amounted to PLN 163,453 million, and were higher by PLN 11,594 million, i.e. 7.6%, compared with the end of September 2025. Corporate deposits as at the end of September 2026 amounted to PLN 121,518 million, and were higher by PLN 13,212 million, i.e. 12.2%, compared with the end of September 2025. Net assets of investment funds managed by Pekao TFI S.A. as at the end of September 2026 amounted to PLN 46,871 million, and were higher by PLN 8,152 million, i.e. 21.1%, compared with the end of September 2025, driven by both higher year -on- year valuations and strong net sales of investment funds over the last 12 months, which amounted to nearly PLN 5.6 billion.
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7 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 4. External Activity Conditions Economic growth In the second quarter of 2026, GDP growth accelerated to 3.9% yoy, up from 3.5% in the previous quarter. The main drivers of growth were investment and exports. Investment expanded by 8.4% yoy, compared with 2.4% yoy in the second quarter, increasing its contribution to GDP growth by a full 1.0 p.p. relative to the previous quarter. This reflects the accelerating rollout of new investment projects financed through the National Recovery Plan. At the same time, net exports increased their contribution to GDP growth to 0.5 percentage points, from broadly neutral levels in the first quarter, recording their fastest growth in four years. The second quarter data also highlight the weakness of private consumption. Household consumption subtracted 0.4 percentage points from GDP growth, expanding by just 2.8% yoy, down from 3.3% yoy in the previous quarter. This tendency is likely to persist throughout the remainder of the year, reflecting, among other factors, the impact of the energy shock and the associated rise in inflation. As a result, we expect private consumption growth to slow to around 3.0% in 2026, from 4.0% in 2025, while GDP growth is to accelerate to 4.0%, compared with 3.8% a year earlier. Inflation and monetary policy Inflationary pressure picked up again in the third quarter of 2026, following a temporary respite in the second quarter. The key driver was an escalation of the conflict on the Arabian Peninsula, which pushed market oil prices higher. As a result, retail fuel prices rose by almost 30% over the quarter, adding 1.5 percentage points to headline CPI inflation. Excluding fuel prices, inflation has remained broadly stable so far, suggesting that the energy shock has not yet translated into widespread price pressures across other goods and services. Core inflation remains above 3% year-on-year, while the impact of the fuel shock has so far been concentrated mainly in sectors heavily exposed to fuel costs, such as transport (particularly air travel) and package holidays. However, the longer energy and fuel prices remain elevated, the greater the risk that inflationary pressures will spread more broadly across the economy. Rising market prices of other energy sources, including natural gas and electricity, are an additional concern at the current stage of the crisis. Meanwhile, food prices are ceasing to exert a disinflationary effect and are set to become a major driver of inflation in 2027. The rather unexpected reinstatement of the government CPN programme from October has lowered the projected inflation path through the end of the year by around 0.7 percentage points. However, inflation is expected to rise again once the previous tax rates are restored. Average CPI inflation will exceed 3% in 2026 and will be even higher next year. According to Bank Pekao economists' forecasts, headline CPI inflation will remain above the upper bound of the NBP's tolerance range around its inflation target over the next 12 months. Over the course of the third quarter, interest rate hikes became the baseline scenario. The case for tightening monetary policy is strengthening: inflation is expected to remain above the target in the medium term, economic growth remains resilient, and major central banks have already started raising interest rates. Bank Pekao economists have revised their forecast and now expect the Monetary Policy Council (MPC) to raise interest rates by cumulative 75 basis points in the turn of 2026 and 2027. Fiscal policy The most important fiscal policy development in the third quarter of 2026 was Moody’s downgrade of Poland’s sovereign rating from A2 to A3. The decision, taken on 18 September, was justified by the persistent deterioration in Poland’s fiscal position, the maintenance of a high deficit during a period of strong economic growth, the weakening of the fiscal framework through rising off -budget deb t, and the lack of prospects for reducing the deficit amid the dispute between the president and the government.
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8 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 Moody’s decision came as something of a surprise, as Fitch had decided against revising Poland’s rating two weeks earlier. Nevertheless, the state of Poland’s public finances is broadly as described by Moody’s analysts. According to the draft budget for next year presented in August, the general government deficit is expected to reach 7.1% of GDP in 2026 and exactly the same level in 2027. This will most likely be the highest deficit in the European Union. Poland’s public debt currently stands at approximately 68% of GDP, below the EU average of 83%, but the gap is narrowing rapidly. This is one of the reasons behind the sell-off in the domestic government bond market observed since July 2026. The yield on Poland’s 10 -year government bond rose from 5.3% to 6.3% over this period. At the same time, the bond market sell-off is global in nature and is not confined to Poland. Exchange rate In the third quarter of 2026, the PLN continued its depreciation trend that began in the first quarter following the outbreak of Iran war. However, the zloty’s performance against major global currencies varied. Against the euro, the depreciation was steady, though it accelerated in September; ultimately, the zloty weakened against the euro by 2% and briefly touched the key level of 4.40. The dollar’s weakness in July and the first half of August triggered declines in the USD/PLN exchange rate; the dollar’s subsequent strengthening resulted in the zloty weakening against the dollar by approximately 5%. Meanwhile, the CHF/PLN exchange rate fell during the period in question due to the Swiss franc’s depreciation against the euro. Overall, the zloty’s weakness during this period was driven by factors such as renewed escalation in the Persian Gulf, the intensification of the energy crisis, a hawkish shift in U.S. monetary policy, and other geopolitical tensions. Banking sector The banking sector’s balance sheet total stood at 3,702 billion PLN in September, which was almost the same as a year earlier (an increase of just under 2% year -over-year). Loans and receivables remained the most significant item, accounting for 51% of the total balance sheet, more than a year earlier (48%). On the liability side, deposits accounted for the largest share (77%). The loan -to-deposit ratio remains historically low and is declining. In September 2026, it stood at 59.9%, the lowest level recorded in the history of NBP data. Although the growth rate of total loans accelerated from 5.3% to 6.1% compared to September 2025, the growth rate of deposits accelerated even more sharply during that period (from 10.1% to 13.5% year-over-year). On the lending side, PLN -denominated mortgage loans accelerated their already solid growth pace (to 10.9% y/y in September), which managed to overcome the fast amortization of foreign -currency loans, particularly those in CHF ( -30.9% y/y). Meanwhile, the portfolio of current loans to businesses increased by 5.6% y/y, considerably below the double-digit number seen in the first five months of the year, and this should be attributed to a decline in businesses’ working capital financin g needs. Growth in invest ment loans (6.9% y/y) and real estate loans (27.2%) was also robust. Combined, loans in these two categories grew by 12.5% y/y, and no significant slowdown has been observed here for several months. These figures indicate increasingly strong momentum in the credit market, driven by a revival in investment. It should also be noted that strong sales of corporate loans are accompanied by a corresponding increase in corporate deposits (since the loan appears in the company’s bank account), which explains the sh arp rise in banks’ receivables from non -financial corporations (14.5% year - over-year in September, marking the sixteenth consecutive month of double-digit growth). The quality of the loan portfolio remains relatively high. The NPL ratio stood at 3.3% in August and has remained unchanged since December of last year. The share of non-performing loans in the consumer loan portfolio has decreased this year (5.2% in August compared to 5.4% in December), as has the share in the mortgage loan portfolio (1.2% in August compared to 1.3% in December). The quality of the corporate loan portfolio hovers below 7% (6.6% in August, unchanged since December), with little variation based on company size (large companies: 7.1%; SMEs: 6.4%)
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9 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 4.1 Factors which will affect the results of the Group The activity of Bank Pekao S.A. and the Group’s companies is in majority conducted on the Polish territory, hence the Group’s performance will be mainly affected by economic situation in the country and international events that have influence on domestic economy. Polish economy is set to maintain strong growth in 2026 – the Bank forecasts that Polish GDP will grow by 4.0% after 3.8% last year (revised). Its structure will show weaker contribution from consumption (due to the consequences of the oil shock and weaker growth in real wages), offset by faster growth in investment (driven by the inflow of European funds) and exports. CPI inflation danced to the tune played by oil prices and changes to indirect taxes on liquid fuels. The energy shock was dampened by the strong downtrend in food prices. We expect CPI inflation to remain above the upper range of the NBP’s target band until end-2027. Coupled with unfavorable external environment, this will force the MPC to raise interest rates at the turn of 2026 and 2027, 75 bps in total. The overall macroeconomic environment in Poland will be remain favourable for the banking sector’s financial performance in 2026. Modestly higher interest rates will translate into higher net interest margin; at the same time, interest rate hikes will have only a limited impact on credit growth as its acceleration was driven primarily by corporate lending. The corporate sector is seeing a marked revival in investment activity, which is translating into increased demand for credit. At the same time, however, this means increased competitive pressure in the banking sector, which may lead to a narrowing of lending margins. Regulatory factors also remain a risk to the sector’s net profit, particularly given the difficulties in achieving effective fiscal consolidation, which may prompt the Ministry of Finance to seek additional revenue by increasing the burden on the banking sector. A key factor that will influence the Group’s operations in 2026 will be the process of refinancing and renegotiating existing fixed-rate mortgage loans. The latest data from BIK indicate that as much as one-third of current lending consists of refinancing agreements. An additional regulatory and legal factor is the judgment of the Court of Justice of the European Union of 23 April 2026 in Case C-744/24 (Bank Polska Kasa Opieki). The Court ruled that, under Directive 2008/48/EC, the interest rate on a consumer credit agreement may not be applied to amounts set aside by the lender to cover credit -related costs which have not actually been paid out to the consumer. At the same time, it pointed out that the exclusion of such amounts from the total loan amount does not preclude the possibility of charging these costs to the consumer in another way. In the Group’s view, this judgment may constitute an additional legal risk factor in relation to the consumer credit portfolio. The extent of its impact on the Group’s financial position and results will depend, in particular, on the structure of the portf olio, the wording of the relevant contractual provisions, the scale of any claims brought, and the manner in which this ruling is applied by national courts.
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10 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 5. Organizational Structure 5.1 Changes in the Bank Pekao S.A. Group The composition of Bank Pekao S.A. Group is presented in the Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026. In the third quarter of 2026, there were no changes in the Group’s structure. 5.2 Changes in the Statutory Bodies of the Bank The composition of the Supervisory Board of Bank Pekao S.A. is as follows: AS AT THE DATE OF SUBMITTING THE REPORT FOR THE THIRD QUARTER OF 2026 30 SEPTEMBER 2026 AS AT THE DATE OF SUBMITTING THE REPORT FOR THE FIRST HALF OF 2026 Bogdan Benczak Chairman of the Supervisory Board Bogdan Benczak Chairman of the Supervisory Board Bogdan Benczak Chairman of the Supervisory Board Artur Nowak-Far Deputy Chairman of the Supervisory Board Artur Nowak-Far Deputy Chairman of the Supervisory Board Artur Nowak-Far Deputy Chairman of the Supervisory Board Diana Dębowczyk Deputy Chairwoman of the Supervisory Board Diana Dębowczyk Deputy Chairwoman of the Supervisory Board Diana Dębowczyk Deputy Chairwoman of the Supervisory Board Magdalena Joanna Dziewguć Secretary of the Supervisory Board Magdalena Joanna Dziewguć Secretary of the Supervisory Board Magdalena Joanna Dziewguć Secretary of the Supervisory Board Krzysztof Czeszejko-Sochacki Member of the Supervisory Board Krzysztof Czeszejko-Sochacki Member of the Supervisory Board Krzysztof Czeszejko-Sochacki Member of the Supervisory Board Mariusz Jaszczyk Member of the Supervisory Board Mariusz Jaszczyk Member of the Supervisory Board Mariusz Jaszczyk Member of the Supervisory Board Jacek Nieścior Member of the Supervisory Board Jacek Nieścior Member of the Supervisory Board Jacek Nieścior Member of the Supervisory Board Witold Walkowiak Member of the Supervisory Board Witold Walkowiak Member of the Supervisory Board Witold Walkowiak Member of the Supervisory Board Aleksander Werner Member of the Supervisory Board Aleksander Werner Member of the Supervisory Board Aleksander Werner Member of the Supervisory Board Detailed information on the Bank's Supervisory Board can be found at: https://www.pekao.com.pl/en/about- bank/authorities.html The composition of the Management Board of Bank Pekao S.A. is as follows: AS AT THE DATE OF SUBMITTING THE REPORT FOR THE THIRD QUARTER OF 2026 30 SEPTEMBER 2026 AS AT THE DATE OF SUBMITTING THE REPORT FOR THE FIRST HALF OF 2026 Cezary Stypułkowski President of the Bank’s Management Board, Cezary Stypułkowski President of the Bank’s Management Board Cezary Stypułkowski President of the Bank’s Management Board Marcin Gadomski Vice President of the Bank’s Management Board Marcin Gadomski Vice President of the Bank’s Management Board Marcin Gadomski Vice President of the Bank’s Management Board Łukasz Januszewski Vice President of the Bank’s Management Board Łukasz Januszewski Vice President of the Bank’s Management Board Łukasz Januszewski Vice President of the Bank’s Management Board Michał Panowicz Vice President of the Bank’s Management Board Michał Panowicz Vice President of the Bank’s Management Board Michał Panowicz Vice President of the Bank’s Management Board Robert Sochacki Vice President of the Bank’s Management Board Robert Sochacki Vice President of the Bank’s Management Board Robert Sochacki Vice President of the Bank’s Management Board Błażej Szczecki Vice President of the Bank’s Management Board Błażej Szczecki Vice President of the Bank’s Management Board Błażej Szczecki Vice President of the Bank’s Management Board Dagmara Wojnar Vice President of the Bank’s Management Board Dagmara Wojnar Vice President of the Bank’s Management Board Dagmara Wojnar Vice President of the Bank’s Management Board Marcin Zygmanowski Vice President of the Bank’s Management Board Marcin Zygmanowski Vice President of the Bank’s Management Board Marcin Zygmanowski Vice President of the Bank’s Management Board Detailed information on the Bank's Management Board can be found at: https://www.pekao.com.pl/en/about- bank/authorities.html Shares in the Bank and related entities held by the Bank's Directors According to the information held by the Bank, as at the date of publication of the Report of the Bank Pekao S.A. Group for the third quarter of 2026 and as at the date of publication of the Report of the activities Bank Pekao S.A. Group for the first half of 2026, the Bank's management and supervisory persons did not hold any shares of Bank Pekao S.A.
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11 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 5.3 The Bank’s share capital and share ownership structure As at 30 September 2026, the share capital of Bank Pekao S.A. amounted to PLN 262,470,034 and remained unchanged until the date of submitting the report. The Bank's share capital was divided into 262,470,034 shares in the following series: - 137,650,000 Series A bearer shares with a par value of PLN 1.00 per share, - 7,690,000 Series B bearer shares with a par value of PLN 1.00 per share, - 10,630,632 Series C bearer shares with a par value of PLN 1.00 per share, - 9,777,571 Series D bearer shares with a par value of PLN 1.00 per share, - 373,644 Series E bearer shares with a par value of PLN 1.00 per share, - 621,411 Series F bearer shares with a par value of PLN 1.00 per share, - 603,377 Series G bearer shares with a par value of PLN 1.00 per share, - 359,840 Series H bearer shares with a par value of PLN 1.00 per share, - 94,763,559 Series I bearer shares with a par value of PLN 1.00 per share. All the existing shares are ordinary bearer shares. There are no special preferences or limitations connected with the shares , or differences in the rights attached to them. The rights and obligations related to the shares are defined by the provisions of the Polish Commercial Companies Code and other applicable law. Bank Pekao S.A.'s Largest Shareholder As of the date of the report, the largest shareholder of Bank Pekao S.A. is Powszechny Zakład Ubezpieczeń S.A. (PZU), which holds 52,494,007 shares, representing 20.00% of the share capital and total votes at the Bank's General Meeting. PZU is one of the largest financial institutions in Poland, playing a key role in the insurance and investment sectors. Shareholders of Bank Pekao S.A., holding directly or indirectly, through subsidiaries, at least 5% of the total number of vot es at the General Meeting of the Bank, are as follows: SHAREHOLDER’S NAME NUMBER OF SHARES AND VOTES AT THE GENERAL MEETING SHARE IN SHARE CAPITAL AND TOTAL NUMBER OF VOTES AT THE GENERAL MEETING NUMBER OF SHARES AND VOTES AT THE GENERAL MEETING SHARE IN SHARE CAPITAL AND TOTAL NUMBER OF VOTES AT THE GENERAL MEETING NUMBER OF SHARES AND VOTES AT THE GENERAL MEETING SHARE IN SHARE CAPITAL AND TOTAL NUMBER OF VOTES AT THE GENERAL MEETING AS AT THE DATE OF SUBMITTING REPORT FOR THE III QUARTER OF 2026 30.09.2026 AS AT THE DATE OF SUBMITTING REPORT FOR THE FIRST HALF OF 2026 Powszechny Zakład Ubezpieczeń S.A. 52,494,007 20.00% 52,494,007 20.00% 52,494,007 20.00% Polski Fundusz Rozwoju S.A. 33,596,166 12.80% 33,596,166 12.80% 33,596,166 12.80% Nationale-Nederlanden Otwarty Fundusz Emerytalny 14,009,000 5.34% 14,009,000 5.34% 14,009,000 5.34% Allianz Polska Otwarty Fundusz Emerytalny 13,935,661 5.31% 13,935,661 5.31% 13,935,661 5.31% BlackRock Inc. 13,132,216 5.00% 13,132,216 5.00% Other shareholders (below 5%) 148,435,200 56.55% 135,302,984 51.55% 135,302,984 51.55% TOTAL 262,470,034 100.00% 262,470,034 100.00% 262,470,034 100.00% Until the date of submitting the report the Bank has not received any other notifications regarding changes in the ownership structure in accordance with par. 69 of the Act of July 29, 2005 on Public Offerings and Conditions Governing the Introduction of Financial Instruments to an Organized System of Trading, and on Public Companies.
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12 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 5.4 Financial credibility ratings Bank Pekao S.A. financial credibility ratings Bank Pekao S.A. co-operates with three leading credit rating agencies: Fitch Ratings (the Fitch), S&P Global Ratings (S&P), and Moody’s Investors Service. In the case of the first two agencies, the ratings are provided on a solicited basis under relevant agreements and with respect to Moody’s Investors Service the ratings are unsolicited and they are based on publicly available information and review meetings. As of 30 September 2026, Bank Pekao S.A. had assigned following financial credibility ratings: FITCH RATINGS BANK PEKAO S.A. POLAND Long-Term Default rating (IDR) BBB+ A- Short-Term Default Rating F2 F1 Viability Rating Bbb+ - Government Support Rating No support - Outlook Stable Negative National Long-Term Rating AA(pol) (stable outlook) - National Short-Term Rating F1+(pol) - Long-term Deposit Rating A- - Short-term Deposit Rating F2 - S&P GLOBAL RATINGS BANK PEKAO S.A. POLAND Long-term rating in foreign currencies A- A- Long-term rating in domestic currency A- A Short-term rating in foreign currencies A-2 A-2 Short-term rating in domestic currency A-2 A-1 Stand-alone credit profile bbb+ - Outlook Stable Stable Issue rating of Senior Preferred series ESP4 eurobonds A- - Issue rating of Senior Non-Preferred series ESN1 eurobonds BBB - Issue rating of Senior Non-Preferred series ESN2 eurobonds BBB - Issue rating of Senior Non-Preferred series ESN3 eurobonds BBB - Issue rating of Senior Non-Preferred series SN3 bonds BBB - Issue rating of Tier 2 series 5 eurobonds BBB- - Issue rating of Senior Non-Preferred series ESN6 eurobonds BBB - Issue rating of Tier 2 series 7 eurobonds BBB- - S&P GLOBAL RATINGS (RESOLUTION COUNTERPARTY RATING) BANK PEKAO S.A. POLAND Long - term RCR in foreign currencies A - Short - term RCR in foreign currencies A-1 - Long - term RCR in domestic currency A - Short - term RCR in domestic currency A-1 - MOODY’S INVESTORS SERVICE (UNSOLICITED RATING) BANK PEKAO S.A. POLAND Long-term foreign-currency deposit rating A2 A3 Short-term deposit rating Prime-1 Prime-1 Baseline Credit Assessment baa2 - Long term Counterparty Risk Rating (CRR) A2 - Short term Counterparty Risk Rating (CRR) Prime-1 - Outlook Stable Stable Long-term counterparty risk assessment (CRA) A2(cr) - Short-term counterparty risk assessment (CRA) Prime-1(cr) - The history of rating changes is available on the Bank's website: https://www.pekao.com.pl/en/investors-relations/bonds-and- ratings/ratings.html Pekao Bank Hipoteczny S.A. financial credibility ratings Pekao Bank Hipoteczny S.A. (Pekao BH) cooperates with the international rating agency Fitch Ratings. Fitch emphasizes that Pekao BH's rating is linked to the rating of Bank Pekao S.A., which holds 100% of Pekao BH's shares. According to Fitch, Pekao BH's r ating is influenced by the level of integration with its parent entity, the scale of its operations, and the Bank's capital. More information is available on the Pekao Bank Hipoteczny website: https://www.pekaobh.pl/relacje- inwestorskie/raporty-ratingi.html
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13 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 6. Activity of Bank Pekao S.A. Group 6.1 Bank Pekao S.A. on the Polish banking market Bank Pekao S.A. is a universal commercial bank, offering a full range of banking services to individual and institutional clients, operating mainly in Poland. The Bank Pekao S.A. Group includes financial institutions operating on the following markets: banking, asset management, brokerage services, investment and transaction advisory, leasing and factoring. Since 2017, Bank Pekao S.A. has been part of the PZU S.A. Group, the largest financial institution in Central and Eastern Europe.The Bank offers products and services competitive on the Polish market, a high level of customer service and a well-developed distribution network. A wide range of products, innovative solutions and an individual approach to the client ensure comprehensive financial services, and the integrated service model provides the highest quality services to customers and ensures optimal adaptation to changing needs. The Bank has been steadily strengthening its market position in strategic areas of activity. BUSINESS MODEL The Bank’s business model is based on customer segmentation with the following groups of customers: • RETAIL BANKING AND PRIVATE BANKING – serving individual clients, including affluent private banking clients and micro enterprises. Private banking clients are offered investment advisory through private banking centers and remote channels, while all individual clients and micro -enterprises are served through a wide network of branches and partner outlets supported by market-leading remote service channels, including digital channels, • ENTERPRISE BANKING – providing financial services to clients from small and medium -sized enterprises sector that are served by relationship managers with the support of product specialists. The service is carried out in specialized Business Customer Centers, Corporate Centeres and universal retail branches. Customers are offered with products and services tailored to their individual needs based on solutions proven in corporate banking and adapted to the needs of the enterprise segment, • CORPORATE AND INVESTMENT BANKING – providing financial services to large enterprises (segmentation by revenues of companies), public sector entities, financial institutions and entities from the commercial real estate financing sector. Corporate and investment banking clients are served by relationship managers with the support of product specialists. The presentation of information according to the business model is based on the management model applied by the Bank, in which the main criterion for the distribution of the Group's reporting is the classification of the customer depending on the ir profile and service model. Actions in the ESG area In the third quarter of 2026, we continued our activities supporting sustainable development, both through financing the energy transition and social initiatives. In July, Tier 2 subordinated sustainability bonds with a total nominal value of EUR 500 mi llion, issued under the EMTN programme, were admitted to trading on the Luxembourg Stock Exchange. In September, the Bank was recognised in the POLSIF Awards 2026 for financing provided to Polenergia . The Bank was one of two award recipients in the Best Sustainable Financing category. In the social area, we continued initiatives aimed at supporting local communities and promoting financial education. In September, we launched the second edition of “Bajki Oszczędzajki”, an educational audio series on finance for children, and opened an Educational Corner at the Bank’s Head Office, where children can learn about finance and cybersecurity. Distribution channels The Bank offers its customers with a nationwide wide distribution network including its own and partner branches, a network of ATMs with convenient access throughout the country, a professional call center and modern online and mobile banking platforms for individual and corporate customers as well as the segment of small and micro enterprises.
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14 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 In our branch operations, we place particular emphasis on comfort and accessibility. We apply standards of service for customers with disabilities, facilitate the identification of available facilities using a search engine and provide the possibility of entering branches with a guide dog. The Bank also provides transparent information on the availability of car parks at its branches. 30.09.2026 30.09.2025 Total number of outlets 556 565 own outlets 468 475 partner branches 88 90 Total number of own ATMs 1,413 1,332 The number of accounts At the end of September 2026, the Bank maintained 9,365 thousand PLN denominated current accounts, 325 thousand mortgage loan accounts and 582 thousand “Pożyczka Ekspresowa” (Express Loan) accounts. (in thousand) 30.09.2026 30.09.2025 Total number of PLN current accounts 9,365 8,906 of which packages 6,369 6,151 Number of mortgage loans accounts (*) 325 338 of which PLN mortgage loans accounts 316 325 Number of Pożyczka Ekspresowa loan accounts (**) 582 582 (*) Retail customers accounts. (**) Pożyczka Ekspresowa, Pożyczka Ekspresowa Biznes. Retail Banking And Private Banking In the third quarter of 2026, we continued to develop our offering for retail customers, focusing on improving access to services, simplifying processes and adapting our offering to customers’ changing needs. Our activities included solutions tailored to various customer groups, including young people and working professionals. Number of clients and accounts In the first nine months of 2026, we opened nearly 360 thousand Konto Przekorzystne and Konto Świat Premium accounts, including 134 thousand in the third quarter alone. Of the total accounts opened, 120.9 thousand were opened by customers under the age of 26, accounting for 33% of all accounts opened. Marketing campaigns for the Konto Przekorzystne and Savings Account Sales performance was supported by promotional activities for Konto Przekorzystne offered together with Konto Oszczędnościowe carrying an attractive interest rate. Another important element of the offering was the “Promocja Podróżna”, providing travel-related benefits to holders of personal accounts and Gold cards. The promotion supported the strategy of increasing customer activity and strengthening the Bank’s position as customers’ primary bank by offering rewards for everyday card payments in the form of cashback on travel -related expenses, including fuel, airline, rail and coach tickets, as well as trips purchased from travel agencies. Annual rewards may amount to up to PLN 2.4 thousand for the most active customers. Regular saving for travel is also encouraged by the promotional “Skarbonka ” savings feature, offering an interest rate of up to 10% per annum for up to 12 months from the opening of the first “Skarbonka”, on amounts of up to PLN 3 thousand for participants in the “Travel Promotion”. In the third quarter of 2026, we ran a broad media campaign, “Ciekawi świata. Mobilni w życiu”, supporting the “ Promocja Podróżna” and positioning the Bank as a partner for everyday and holiday travel. One of the campaign’s protagonists was Robert Lewandowski, the Bank’s brand ambassador. The campaign delivered positive results in terms of both brand image and sales. During the camp aign, we recorded, among others, an increase in brand advertising awareness, consideration of the Bank and intention to use its offering. At the same time, we ran further editions of promotions for accounts opened online. Customers who met the promotion terms, including actively using their debit card and providing marketing consents, could receive cash bonuses of up to PLN 300 for opening an account.
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15 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 Promotions for customers with Bank cards In the third quarter of 2026, we continued promotional activities aimed at increasing card transaction volumes and acquiring new customers. As part of these activities: − we cooperated with Mastercard and Live Nation on concert ticket presales, providing Mastercard cardholders with early access to a dedicated pool of tickets. Under the offer, the Bank’s customers purchased more than 6 thousand tickets , − we ran a promotion with Costa Coffee, offering Pekao cardholders a 20% discount on seasonal products , − we supported the Mastercard Lottery, encouraging customers to register and actively use their debit and credit cards. Participants received lottery entries for card payments, giving them a chance to win one of 5,720 prizes with a total value of more than PLN 1 million. The initiativ e was supported by communications through the Bank’s own channels and by Mastercard’s campaign on television, online and in social media. Offering and campaigns for children and young customers At the beginning of the third quarter, we launched a partnership with UniPerks, a benefits platform for students in Poland. Users of the app, mainly people under the age of 26, could open a Konto Przekorzystne account online and receive a bonus of up to PLN 450 for meeting the promotion terms. In the following months of the campaign, we recorded an increase in account sales. We extended the partnership until the end of 2026, expanding communication activities t o include, among others, in - app communication, social media and student councils. We also carried out activities supporting the sale of accounts for children and young people. In mid -August, we launched the “Trenuj finanse ze swoim dzieckiem ” campaign, primarily aimed at promoting Konto Przekorzystne dla Młodych with a PLN 300 bonus. The offer also included an attractive interest rate on the “Mój Skarb” savings account. The campaign was conducted on radio, online, in social media and at the Bank’s branches . Our brand ambassador, Robert Lewandowski, was also featured in the campaign. In September 2026, together with Empik Go, we launched the second season of “Bajki Oszczędzajki”. The new stories support children’s financial education, covering topics such as saving, earning money, currencies, responsible shopping and the history of money. Private Banking In the third quarter of 2026, we opened 316 Private Banking Accounts. Customer acquisition was supported by promotions for the Private Savings Account, under which new and inactive Private Banking customers could benefit from a higher interest rate on new funds. Development of electronic and mobile banking In the third quarter of 2026, the number of active mobile banking customers increased by 250 thousand to 3.9 million, up 7% year on year and 1 6% compared with two years earlier. The number of active mobile customers using the PeoPay app increased by 269 thousand to 3.7 million, up 8% year on year and 19% compared with two years earlier. (*) Unique user actively using electronic banking is a user who logged in to the system and the mobile service m.pekao24.pl. at least once during the last quarter (in case of using different mobile channels the client is counted only once). (**) Unique user PeoPay application who logged in to the system PeoPay at least once during the last quarter. In the third quarter of 2026, the key enhancements introduced in the Pekao24 online banking service and the PeoPay app included: − simplified identity verification using the mObywatel app: once the customer’s data has been shared and successfully verified, the customer can proceed directly to the next stage of the process, without the need to perform the so -called liveness gestures or wait for a consultant’s assessment, making the verification process simpler and more efficient, (ths.) (ths.)Mobile banking users (*) PeoPay users (**) 3 382 3 676 3 926 III q '24 III q '25 III q '26 +7% +16% 3 138 3 468 3 737 III q '24 III q '25 III q '26 +19% +8%
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16 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 − a new method of logging in to the Pekao24 online banking service using a QR code and the PeoPay app: the solution enables customers to log in without entering their customer number and password, including on untrusted devices. Contact Center In the third quarter of 2026, we continued the transformation of the Contact Center towards a Center of Excellence, focusing on increasing the availability of services through remote channels. We have expanded the scope of support provided by phone and email to include investment products for Premium segment customers. The quality of service provided by the Contact Center was also recognised in the Polish Contact Center Awards (PCCA 2026). Bank employees received distinctions in the Helpdesk, Retention and Location, and Best Consultant Team categories, as well as the main award in the Helpdesk category for the best consultant. In the third quarter of 2026, the Bank’s helpline ranked second among banks in Poland in the second wave of the “Institution of the Year” survey in the area of service for young customers. Payment cards In the third quarter of 2026, we continued to develop our payment card offering, recording record sales of cards linked to th e Miles & More programme. In July, the number of cards on the programme reached an all -time high, following strong growth recorded in June. In August, we launched two new promotions for the Karta Kredytowa z Żubrem, combining the card offering with the Miles & More programme and modern payment solutions. New customers could receive up to 20 thousand miles or a payment ring together with additional welcome miles. We also supported cardholder activity through the Mastercard Lottery, in which participants using Bank Pekao Mastercard cards for payments had a chance to win prizes from a pool worth more than PLN 1 million. Key retail loans: PEX cash loans In the third quarter of 2026, we achieved very strong cash loan sales. The value of agreements signed amounted to PLN 3. 1 billion, up 42% compared with the third quarter of 2025. Net sales volume increased to PLN 2.3 billion, 20% year on year. The increase in sales contributed to the growth of the cash loan portfolio, which reached PLN 16. 2 billion at the end of September 2026, up 16.2% year on year and 13% compared with December 2025. The portfolio grew faster than the banking sector, contributing to an increase in the Bank’s market share in terms of cash loan portfolio value to 8.8%. The Bank’s shar e of current sales exceeded 9.3% and was 2 p.p. higher than in September 2025, which should support further growth in the Bank’s market share in terms of portfolio value. In the third quarter of 2026, we continued the transformation of our lending processes. We introduced simplified “one -click” processes, enabling customers to obtain cash loans online through the PeoPay mobile app more quickly and conveniently. We maintained competitive pricing, adapting it to changing market conditions, and carried out promotional activities through the Bank’s electronic channels and online. Sales generated through digital performance marketing nearly tripled year on year. As the only bank in Poland, we provide loans to finance tuition fees for paid medical studies. Since October, students have been able to apply for the loan and benefit from, among others, interest subsidies, BGK guarantees and the possibility of ful l or partial loan forgiveness. To date, nearly 6 thousand customers have taken out such loans for a total amount of PLN 1.3 billion, of which more than PLN 0.5 billion has been disbursed in semester instalments. Mortgage loans In the third quarter of 2026, mortgage loan sales amounted to PLN 4.2 billion, up 36% compared with the third quarter of 2025 and 7% compared with the second quarter of 2026. In September, sales reached PLN 1.5 billion, representing a 46% year-on- year increase and approaching the record levels previously recorded only during the period when the Bezpieczny Kredyt 2% programme was offered. Sales performance was supported by enhancements to the offering and its adjustment to changing market conditions and customer needs, in particular through: − allowing customers to choose additional banking products enabling them to benefit from preferential loan margin terms; − enhancing the refinancing offer for mortgage loans from other banks and introducing solutions supporting the retention of loans in the Bank’s portfolio; − improving the terms of the EKO Mortgage Loan. We continued to develop the mortgage process, incorporating the first credit intermediary into the centralised sales and service model. We also introduced remote property inspection for customers, simplifying the process and making it more convenient.
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17 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 In the third quarter of 2026, we transferred another portion of mortgage loan receivables to Pekao Bank Hipoteczny. To date, more than 21 thousand loan agreements with a total value of over PLN 4.7 billion have been transferred. Business customers – acquisition, financing and digitization In the third quarter of 2026, new financing provided to business customers, including loans, leasing and factoring, amounted to PLN 876 million, up 11% year on year. Bank loan sales reached PLN 393 million, compared with PLN 354 million in the third quarte r of 2025, representing an increase of 11.4% year on year. As part of adapting our offering to the benchmark reform, we introduced POLSTR-based loans for business customers. We continued our efforts to simplify and digitalise lending processes, with a particular focus on solutions available through online and mobile banking channels. Development in the area of insurance products In the third quarter of 2026, we continued to develop our insurance offering and activities supporting its sales across all o f the Bank’s distribution channels. In August, we expanded our offering to include NNW Szkolne accident insurance, available under Okazje z Żubrem with a 10% discount for the Bank’s customers. We also introduced renewals of PZU DOM insurance, enabling customers to renew their policies directly via PeoPay and through the Bank’s other distribution channels, regardless of how their insurance had previously been serviced. From mid-June to the end of September, we also ran a travel insurance promotion, offering customers a 30% discount on insurance premiums. The number of travel insurance policies sold nearly doubled compared with the corresponding period of the previous year. Sales of PZU DOM insurance in the third quarter of 2026 were 30% higher than in the previous quarter. We also recorded strong results in the sale of investment-related insurance products, with sales in the third quarter significantly exceeding planned levels. Deposit, brokering activity and sale of investment products At the end of September 2026, the total value of deposits from retail customers (including Private Banking customers) and business customers amounted to PLN 179.3 billion, up PLN 13.4 billion (+8.1%) year on year and PLN 4.1 billion (+2.3%) compared with the end of June 2026. The value of assets invested in Pekao TFI funds and PZU insurance and investment products reached PLN 46.9 billion, up PLN 8.2 billion (+21.1%) year on year and PLN 1.2 billion (+2.5%) compared with the end of June 2026. In the third quarter of 2026, we continued promotions on savings accounts for new customers, offering interest rates of up to 5.7% for three months on balances of up to PLN 100 thousand on Savings Accounts and up to PLN 200 thousand on Premium Savings Accounts. In the area of term deposits, customers most frequently chose the “Lokata dla Ciebie”, where the interest rate depended, among other factors, on payment card transaction activity. The deposit was available for three - or six-month terms through the PeoPay app and Pekao24 online banking service, as well as at branches. Deposits (PLN billion) Investment funds (PLN billion) 165,9 170,1 173,3 175,2 179,3 Sep '25 Dec '25 Mar '26 Jun'26 Sep'26 +8,1% +2,3% 38,7 41,2 43,1 45,7 46,9 Sep '25 Dec '25 Mar '26 Jun'26 Sep'26 +21,1% +2,5% New sales of financing to business customers (PLN million) 707 788 876 III q '24 III q '25 III q '26 +24% +11%
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18 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 In the second and third quarters of 2026, we recorded a strong increase in the number of customers receiving regular inflows into their personal accounts, which contributed to an increase in total current account balances, particularly on Konto Przekorzystne and Konto Świat Premium accounts. Customers interested in investment products were offered, among others, Pekao TFI funds, Investment Deposits and Deposits with a Fund, as well as structured products with full capital protection, available in three currencies: PLN, EUR and USD. In the third quarter of 2026, we expanded our offering to include the new Pekao Złota investment fund. In the third quarter of 2026, net sales of investment products amounted to PLN 3.2 billion, compared with PLN 5.6 billion in the corresponding period of 2025, reflecting a more challenging market environment and geopolitical uncertainty. Treasury bonds remained an important part of the Bank’s savings offering and continued to attract strong interest from retail customers. We continued to develop investment product sales processes through remote channels, particularly the PeoPay app, periodically offering preferential pricing for products available exclusively through this channel. Enterprise Banking Enterprise Banking comprises the small and medium-sized enterprise (SME) segment and the mid-corporate (MID) segment. We continued our automation and digitalisation initiatives, developed new functionalities in electronic banking and expanded customer self-service capabilities. We focused on streamlining processes and improving service quality, strengthening the Bank’s competitive advantages in the SME and MID segments and its market position. Lending activities and customer financing We provide our customers with a broad and comprehensive range of financing solutions, including loans, leasing, factoring, debt issuance and other specialised forms of financing tailored to companies’ needs. In the first nine months of 2026, new loan sales (excluding renewals) in the SME segment reached PLN 6.4 billion, up 11% year on year, while new loan sales in the MID segment amounted to PLN 13.1 billion, up 16% year on year. At the end of September 2026, the total financing portfolio (loans, leasing and factoring) amounted to PLN 50.3 billion, up PLN 6.1 billion (+14.0%) year on year. Growth in the financing portfolio was recorded in both the MID segment (PLN 36. 2 billion, up 1 4.4% year on year) and the SME segment (PLN 14.1 billion, up 12.7% year on year). Customer acquisition By the end of September 2026, we had acquired 2, 201 new customers in the SME segment and 7 61 new customers in the MID segment. The number of new customers acquired remained broadly in line with the corresponding period of 2025. In September, we launched the “Ekspercki przepis na rozwój Twojego biznesu” advertising campaign featuring Robert Lewandowski, targeted at the Bank’s business customers. The campaign focused on brand building and supported the acquisition of new business customers. We also carried out customer acquisition and relationship -building initiatives aimed at developing customer relationships, including cultural and sporting events at PGE Narodowy and customer meetings across the Bank’s sales regions. We also carried out educational activities focused on key business and economic topics. As part of the PekaoBiznes24 Academy, we presented functionalities of the PekaoBiznes24 system and mobile app, helping entrepreneurs make effective use of the Bank’s di gital solutions. We organised webinars for customers covering topics such as ESG and sustainable development, succession in family businesses, and evolving challenges across various sectors of the economy, including the plastics industry. The events attracted strong customer interest, confirming demand for expert knowledge supporting business growth and transformation. We were also the Main Partner of the second Charity Dinner of the Museum of Warsaw Foundation and participated in business conferences and industry events, presenting the Bank’s offering and strengthening relationships with existing and prospective customers. Financing (PLN billion) 44,2 44,3 46,4 48,7 50,3 Sep '25 Dec '25 Mar '26 Jun'26 Sep'26 +14% +3,3%
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19 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 Implementations and product changes In the third quarter of 2026, we launched a new support model for companies planning international expansion. Through our cooperation with Raiffeisen Bank International (RBI), our customers gained access to trusted banking partners and local support in Austria, the Czech Republic and Romania. Similarly, RBI customers interested in expanding into the Polish market can benefit from support provided by the Bank. In addition, in the third quarter of 2026, we continued to develop our transaction banking offering and digitalise services f or MID and SME customers: − we introduced an online cash deposit booking service, enabling customers using closed cash deposit services to have the declared amount credited to their account on the day the cash is handed over. The solution provides faster access to funds and streamlines cash deposit processing in Pekao Cash, − we expanded our cash deposit services to include the electronic Bankowy Dowód Wpłaty (eBDW) with a QR code, enabling customers to prepare and manage deposit slips through the PekaoBiznes24 Self -Service Zone, − as part of adapting our deposit offering to the benchmark reform, we enabled the use of POLSTR in determining interest rates on bank accounts and the Automatic Investment of Funds service for corporate and SME customers , − for new deferred debit card and credit card agreements in the corporate segment, we changed the method of determining the interest rate on the utilised portion of the spending limit, basing it on the NBP reference rate plus the Bank’s margin , − in the area of payment cards, we started issuing Mastercard Corporate FX Debit cards featuring a special BLIND NOTCH. This feature helps blind and visually impaired customers correctly position the card in ATMs, payment terminals and other devices, improving accessibility and making it easier to use the card independently, − we continued to develop customer self -service in PekaoBiznes24 by introducing additional electronic forms enabling customers to submit product-related instructions independently. These included an application for electronic card reports, a request to change an account name, and one-off instructions for over-the-counter cash withdrawals, including advance notification of a branch withdrawal and authorisation for a one-off cash withdrawal, − we also expanded the range of documents available in the Document Configurator to include forms relating to, among others, the termination of bank account and other service agreements, Automatic Investment of Funds, the Autowypłata service and the Deposit Sums Account.
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20 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 Corporate and Investment Banking Corporate Banking serves large corporates and major capital groups, public sector entities, financial institutions, as well a s clients requiring commercial real estate financing and specialised financing solutions. It also provides services to clients of Pekao Brokerage House. The Pekao Group is a market leader in serving these segments. Its competitive advantage is based on extensive experience, a highly qualified workforce, specialised experti se and processes, as well as the capacity to co - finance large-scale projects supported by strong liquidity and capital position. The Bank provides a comprehensive range of universal banking services, as well as leasing, factoring, investment advisory, mergers and acquisitions advisory, advanced treasury and capital markets solutions, and custody services. The broad range of products and services, innovative solutions, individual approach, and comprehensive financial support offered to the largest enterprises, institutions and public sector entities are highly valued by clients and constitute the s trength of the Bank’s Corporate Banking business. Clients After the third quarter of 2026, we served 7. 4 thousand corporate clients. We provide them with comprehensive advisory, operational and financial support, covering both their day-to-day operations and the implementation of key strategic projects. Cooperation with financial institutions and custody services We hold a leading position in serving financial institutions. Our focus is on providing services to insurance companies, investment and pension funds, brokerage houses, financial market infrastructure entities, cooperative banks and credit unions. Our offering includes transaction banking, settlement and treasury products, as well as custody and depositary bank services. We have consistently increased our share of Poland’s custody and depositary services market thanks to asset growth and further acquisitions. We cooperate with banks worldwide. We maintain over 1.3 thousand SWIFT keys and provide direct or indirect access to the most important clearing and settlement systems. We maintain nostro and loro accounts for a large number of foreign banks and operate infrastructure that enables efficient cross-border settlements in 19 major currencies. In the third quarter of 2026, we signed an agreement with the European Bank for Reconstruction and Development (EBRD), enabling investments of up to PLN 850 million in the Bank’s green or sustainability bonds issued in accordance with Bank Pekao’s Sustainable Finance Framework. The agreement covers Tier 2 and MREL instruments, including senior preferred (SP) and senior non-preferred (SNP) bonds. Trade Finance In the first three quarters of 2026, the Bank increased its activity in trade finance. Compared with the corresponding period of 2025, the value of purchased receivables increased by 7%, while the number of newly financed invoices rose by 19%. The upward trend also continued in documentary products. The value of newly opened letters of credit increased by nearly 13% year on year, while the total value of documentary transactions handled rose by almost 8%. Receivables financing was also provided through the Open Financing Platform (OPF). In the first three quarters of 2026, nearly 90 thousand invoices with a total value exceeding PLN 2.3 billion were financed through the platform, while the number of transactions increased by 15% compared with the corresponding period of the previous year. One of the factors supporting the development of trade finance was the increase in investment activity in the defence sector. The Bank participated in financing and securing transactions carried out by entities from this sector. Due to the scale and value of some projects, financing was also provided through banking syndicates, including with the use of bank guarantees. Investment Banking, Structured Finance and Commercial Real Estate We offer our clients investment banking, structured finance and project finance services related to commercial real estate, including the financing of warehouse developments. The key financing projects in the third quarter of 2026 included: - providing syndicated financing to an energy sector company for the construction of two large-scale battery energy storage facilities. The Bank acts as facility agent, security agent and account bank, - granting a loan to an energy sector company to refinance renewable energy projects. The loan amount was PLN 120 million, - granting a syndicated loan to an energy sector company to refinance renewable energy projects. The Bank acts as facility agent and account bank. The loan amount was PLN 200 million,
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21 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 - providing term financing to Grupa Kęty S.A. for the acquisition of the Italian METRA Group, a manufacturer of advanced aluminium solutions for the construction and industrial sectors. It was one of the largest foreign acquisitions carried out by a Polish industrial company. The financing amounted to PLN 2 billion, - providing portfolio financing to one of the leading developers for the construction of retail parks. The financing amounted to EUR 85 million, - granting an investment loan to refinance a portfolio of residential rental development projects. The financing amounted to PLN 526 million, - participating in a banking syndicate financing a leading Polish chemicals group engaged in the production of plastics. The Bank acted as agent. The financing amounted to EUR 900 million, - financing the construction of a municipal housing estate in Żory under a public -private partnership model. The financing amounted to PLN 270 million, - participating in a syndicate financing one of Poland’s largest companies operating in the infrastructure, railway and energy construction sectors. The financing amounted to PLN 300 million, - granting, as part of a banking syndicate, a revolving credit facility to a leading pharmaceutical company. The financing amounted to PLN 700 million. Issuance of debt securities In the third quarter of 2026, non-Treasury debt securities (issued by corporates, banks and local governments) with a total value of over PLN 18.1 billion were issued through the Bank. The key transactions included: - issue of 5-year bonds in the international market in the amount of EUR 500 million and 5-year bonds in the Polish market in the amount of PLN 850 million for a Central European fuel and energy group. The Bank acted as co-arranger and joint bookrunner, - issue of 7-year green Eurobonds for a Polish integrated multi -energy group in the amount of EUR 750 million. The Bank acted as co-arranger and joint bookrunner, - issue of the Bank’s own sustainable subordinated bonds in 11NC6 format in the international market in the amount of EUR 500 million. The Bank acted as global coordinator and dealer, - issue of subordinated bonds in 10NC5 format for one of the domestic banks in the amount of PLN 500 million. The Bank acted as an additional dealer, - issue of 9 series of Pekao Faktoring bonds with a total value of PLN 5.7 billion. The Bank acted as sole arranger and dealer, - issue of 5 series of Pekao Leasing bonds with a total value exceeding PLN 2.9 billion. The Bank acted as sole arranger and dealer, - issue of 1 series of Pekao Bank Hipoteczny bonds with a value of PLN 250 million. The Bank acted as sole arranger and dealer, - issue of 3-year bonds for a leasing company belonging to an international automotive group in the amount of PLN 650 million. The Bank acted as dealer, - issue of 4-year bonds for a leading company engaged in the distribution of IT equipment in the amount of PLN 110 million. The Bank acted as sole arranger and dealer. Comprehensive cooperation with public finance sector entities Financing of the public sector and municipal projects is an important element of our strategy. We actively participate in the development of Poland’s infrastructure and support initiatives aimed at the sustainable development of the economy and environmental protection. We provide services and financing to local government units, municipal companies, universities and entities operating under public-private partnership arrangements. We cooperate with 11 out of 12 Polish metropolitan areas, representing 92% of all metropolitan areas, and provide ongoing budget services to 6 of them. We cooperate with every seventh municipality in Poland and maintain business relationships with 64% of c ities with county rights, providing ongoing services to every fifth of them. We also cooperate with every fourth county (25%) and more than half of Poland’s voivodeships (56%). We are a leading bank for public universities, with more than 50 universities using our services. In the third quarter of 2026, one of the more important projects was the financing of the City of Kraków. Together with PKO BP and BGK, we participated in a banking syndicate that provided the City of Kraków with financing in the form of long-term loans totalling approximately PLN 1.3 billion. Our share of the financing amounted to PLN 619.4 million.
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22 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 Brokerage House As at 30 September 2026, Pekao Brokerage House maintained a total of 214 thousand investment accounts and nearly 247 thousand accounts for servicing retail Treasury Bonds, including 421 thousand accounts with active access to services through remote channels (b rokerage accounts and OSP). Direct customer service was provided through a nationwide network of brokerage outlets covering 394 locations. Business activities of selected companies In the first nine months of 2026, the companies of the Bank Pekao S.A. Group generated a net profit of PLN 3 45 million, compared with PLN 182 million in the corresponding period of 2025. Entity structure of net profit (in PLN million) 3 QUARTERS OF 2026 3 QUARTERS OF 2025 CHANGE Entities consolidated under full method 345 182 89.6% Pekao Investment Management S.A. (*) 177 141 25.5% Pekao Leasing Sp. z o.o. (**) 91 82 11.0% Pekao Faktoring Sp. z o.o. 61 (72) - Pekao Bank Hipoteczny S.A. 12 9 33.3% Pekao Financial Services Sp. z o.o. 9 9 0.0% Pekao Investment Banking S.A. (***) (2) 6 - Others (****) (3) 7 - Entities valued under the equity method Krajowy Integrator Płatności S.A. 5 (5) - (*) Consolidated result: Pekao Investment Management S.A. prepares consolidated financial statements, including Pekao TFI S.A., for the purposes of the Bank Pekao S.A. Group consolidation. (**) The results of Pekao Leasing Sp. z o.o. and PEUF Sp. z o.o. adjusted for intercompany settlements (including dividends). (***) Consolidated result: Pekao Investment Banking S.A. prepares, for the purposes of consolidation of the Bank Pekao S.A. Group, consolidated financial statements including Pekao Inwestycje Dłużne Sp. z o.o. (****) Includes the results of four Group companies (Centrum Kart S.A., Pekao CoNext Sp. z o.o., Pekao Fundusz Kapitałowy Sp. z o.o. and Pekao Property S.A. in liquidation; on 28 May 2026, the company was removed from the National Court Register following completion of the liquidation process), which mainly perform support activities within the Group and do not provide services to external customers. Results of the Bank’s major related entities Pekao TFI https://pekaotfi.pl/o-nas/pekao-investment-management The consolidated net profit of Pekao Investment Management (Pekao IM), the sole shareholder of Pekao Towarzystwo Funduszy Inwestycyjnych S.A. (Pekao TFI), amounted to PLN 177 million in the first nine months of 2026, compared with PLN 141 million in the corresponding period of 2025. The improvement in results was primarily driven by favourable capital market conditions and lower interest rates on bank deposits, which contributed to increased customer interest in investment funds. Net inflows and higher valuations of financia l instruments led to an increase in assets under management by Pekao TFI and, consequently, to higher consolidated net profit of Pekao IM. Pekao Leasing Pekao Leasing - Pekao Leasing Sp. z o.o In the first nine months of 2026, the consolidated net profit of Pekao Leasing and PEUF (a wholly owned subsidiary of Pekao Leasing) amounted to PLN 91 million, compared with PLN 82 million in the corresponding period of 2025. The improvement in results was driven by an increase in the value of leased assets.
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23 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 Pekao Faktoring Pekao Faktoring Sp. z o.o. In the first nine months of 2026, Pekao Faktoring generated a net profit of PLN 66 million, compared with a net loss of PLN 72 million in the first nine months of 2025. The improvement in results was driven by higher factoring income and lower credi t impairment charges. Pekao Faktoring maintained its leading position in the Polish factoring mar ket in terms of turnover. Pekao Bank Hipoteczny Pekao Bank Hipoteczny (pekaobh.pl) In the first nine months of 2026, Pekao Bank Hipoteczny (Pekao BH) generated a net profit of PLN 12 million, compared with PLN 9 million in the corresponding period of 2025. The improvement in results was driven by lower legal risk costs related to foreign currency mortgage loans and the stabilisation of Pekao BH’s financial position following the 2025 transfer to Bank Pekao S.A. of an organised part of the enterprise comprising mainly foreign currency loans, including CHF loans and commercial loans. Pekao Financial Services https://www.pekao-fs.com.pl In the first nine months of 2026, Pekao Financial Services generated a net profit of PLN 9 million (including the Bank’s shar e of PLN 6 million), broadly in line with the result achieved in the corresponding period of 2025. Pekao Investment Banking Pekao Investment Banking S.A. (pekaoib.pl) In the first nine months of 2026, Pekao Investment Banking (the sole shareholder of Pekao Inwestycje Dłużne Sp. z o.o. ) recorded a consolidated net loss of PLN 2 million, compared with a net profit of PLN 6 million in the corresponding period of 2025. The result for the current period was affected by lower income from investment banking services provided by Pekao Investment Banking. Szybkie przelewy i płatności online | Tpay In the first nine months of 2026, Krajowy Integrator Płatności S.A. (the owner of the Tpay online payment system, formerly Transferuj.pl) generated a net profit of PLN 12 million, of which PLN 5 million was recognised in the Bank Pekao Group’s results, compared with a net loss of PLN 11 million in the corresponding period of 2025. The improvement in results was driven by increased business volumes with existing customers, the acquisition of new customers and the completion, at the end of 2025, of the amortisation of several major investment projects.
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24 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 7. Statement of Financial Position and Financial Results Below you will find the statement of financial position in a simplified version, the profit and loss account in the presentat ion version and the most important, selected items from the statements presented in this way are discussed. 7.1 The consolidated income statement – presentation form In the three quarters of 2026, the Bank Pekao S.A. Group generated net profit attributable to the Bank’s shareholders of PLN 4,264 million. This result was achieved despite significant regulatory and market changes affecting the banking sector and demonstrated the resilience of the Group’s business model and its ability to deliver solid financial results. Net profit for the three quarters of 2026 was primarily affected by external factors, including an increase in the corporate income tax rate from 19% to 30%, lower market interest rates and a PLN 59 million increase in contributions to the Bank Guarantee Fund. (in PLN million) 3 QUARTERS OF 2026 3 QUARTERS OF 2025 CHANGE Net interest income 10,139 10,290 (1.5%) Net fee and commission income 2,514 2,264 11.0% Dividend, income 38 33 15.2% Trading result 186 322 (42.2%) Net other operating income and expenses (35) (99) (64.6%) Net non-interest income 2,703 2,520 7.3% Operating income 12,842 12,810 0.2% Operating costs (4,370) (4,067) 7.5% Gross operating profit 8,472 8,743 (3.1%) Net allowances for expected credit losses (769) (624) 23.2% Costs of legal risk of foreign currency mortgage loans (80) (376) (78.7%) Net operating profit 7,623 7,743 (1.5%) Contributions to the Bank Guarantee Fund (417) (358) 16.5% Tax on certain financial institutions (669) (644) 3.9% Share in gains/losses of associates 8 (5) - Profit before tax 6,545 6,736 (2.8%) Income tax expense (2,278) (1,542) 47.7% Net profit 4,267 5,194 (17.8%) Attributable to equity holders of the Bank 4,264 5,191 (17.9%) Attributable to non-controlling interest 3 3 0.0% Operating income Operating income in the three quarters of 2026 amounted to PLN 12,842 million and was 0.2% higher in nominal terms than in the three quarters of 2025. Excluding the negative impact of the CJEU ruling concerning consumer loans, operating income increased by 1.2% year on year, driven by higher net fee and commission income, confirming the strong performance of the Group’s core business. Total net interest income (in PLN million) 3 QUARTERS OF 2026 3 QUARTERS OF 2025 CHANGE Interest income and similar to interest 13,504 14,618 (7.6%) Interest expense (3,365) (4,328) (22.3%) Net interest income 10,139 10,290 (1.5%) Net interest income in the three quarters of 2026 amounted to PLN 10,139 million. This result was achieved despite a significant decline in market interest rates (a 1.5 p.p. decrease in the 3M WIBOR rate) and the recognition in the three quarters of 2026 of a PLN 126 million reduction in net interest income due to the CJEU ruling concerning consumer loans. The negative impact of these factors was partially offset by continued volume growth in strategic product areas, in particular cash loans, which increased by 16.2% year on year, and corporate loans, which grew by 13.4% year on year, while maintaining high liquidity and benefiting from lower deposit costs.
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25 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 Interest income and similar to interest Interest income and income of a similar nature in the three quarters of 2026 amounted to PLN 13,504 million and was PLN 1,114 million lower year on year. The decline in income was partially offset by higher volumes, particularly in strategic areas, includi ng cash loans, which increased by more than 16.2% year on year, and corporate loans in the MID and SME segments, which grew by more than 14% year on year. Interest expense Interest expense in the three quarters of 2026 amounted to PLN 3,365 million, down PLN 963 million year on year, despite higher volumes of amounts due to customers and debt securities issued (up 10.6% year on year), supported by effective pricing policy and liquidity needs management. Interest margin Net interest margin in the three quarters of 2026 amounted to 3.9% and was 0.3 p.p. lower than in the corresponding period of 2025 due to lower interest rates. (*) Net interest margin, excluding the impact of the CJEU judgment on consumer loan costs .
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26 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 Net non-interest income (in PLN million) 3 QUARTERS OF 2026 3 QUARTERS OF 2025 CHANGE Fee and commission income 3,269 2,957 10.6% Fee and commission expense (755) (693) 8.9% Net fee and commission income 2,514 2,264 11.0% Dividend income 38 33 15.2% Trading result 186 322 (42.2%) Net other operating income and expense (35) (99) (64.6%) Net non-interest income 2,703 2,520 7.3% Net fee and commission income in the three quarters of 2026 amounted to PLN 2,514 million, and was higher by PLN 250 million, i.e. 11.0%, compared with the three quarters of 2025, driven by growth across all areas of the Group’s operations, supported by increasing customer activity and favourable capital market conditions. Other operating income and expenses were lower year on year, mainly due to lower provisions for consumer protection-related matters. Non-interest income in the three quarters of 2026 amounted to PLN 2,703 million and was higher by PLN 183 million, i.e. 7.3%, compared with the corresponding period of the previous year. The table below presents the Group’s net fee and commission income divided according to the main areas of the activity. (in PLN million) 3 QUARTERS OF 2026 3 QUARTERS OF 2025 CHANGE Net fee and commission income 2,514 2,264 11.0% on loans 537 460 16.7% on cards 267 245 9.0% on mutual funds 482 399 20.8% on brokerage activate 159 152 4.6% on margins on foreign exchange transactions with clients 589 555 6.1% other 480 453 6.0% Operating costs Operating expenses in the three quarters of 2026 amounted to PLN 4,370 million, and was higher by PLN 303 million, i.e. 7.5%, compared with the three quarters of 2025. The increase in expenses reflected initiatives supporting further business growth and the implementation of the Bank’s strategic transformation aimed at building long -term value for shareholders. (in PLN million) 3 QUARTERS OF 2026 3 QUARTERS OF 2025 CHANGE Personnel expenses (2,555) (2,437) 4.8% General administrative expenses and depreciation (1,815) (1,630) 11.3% Operating costs (4,370) (4,067) 7.5% The C/I ratio (excluding contributions to the Bank Guarantee Fund) in the three quarters of 2026 amounted to 34.0%, compared with 31.7% in the corresponding period of 2025. Contributions to the Bank Guarantee Fund Contributions to the Bank Guarantee Fund in the three quarters of 2026 amounted to PLN 417 million, and was higher by PLN 59 million, i.e. 16.5%, compared with the three quarters of 2025, due to the decision of the Council of the Bank Guarantee Fund setting the level of contributions to the BGF funds for 2026, aimed at accelerating the rebuilding of the resolution fun d. Tax on certain financial institutions Tax on certain financial institutions in the three quarters of 2026 amounted to PLN 669 million, and was higher by PLN 25 million, i.e. 3.9%, compared with the three quarters of 2025.
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27 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 Net allowances for expected credit losses and cost of risk (in PLN million) GROUP BANK 3 QUARTERS OF 2026 3 QUARTERS OF 2025 3 QUARTERS OF 2026 3 QUARTERS OF 2025 financial assets measured at amortized cost (724) (759) (683) (617) financial assets measured at fair value through other comprehensive income (83) (12) (70) (11) Off-balance sheet commitments 38 147 60 151 Net allowances for expected credit losses (769) (624) (692) (477) Costs of legal risk of foreign currency mortgage loans (80) (376) (80) (361) Net allowances for expected credit losses amounted to PLN 769 million, and was higher by PLN 145 million, i.e. 23.2%, compared with the three quarters of 2025. Cost of risk in the three quarters of 2026 amounted to 0.49%, up 0.06 p.p. from the corresponding period of the previous year and remained in line with the strategic assumptions and the adopted risk appetite. 7.2 Structure of the consolidated statement of financial position – short form The balance sheet of Bank Pekao S.A. determines the amount of total assets in balance sheet and the structure of the assets and liabilities of the Group. As at the end of September 2026, the total assets of Bank Pekao S.A. constitutes 96.1% of the total assets of the whole Group. The table below presents the Group’s statement of financial position – short form. ASSETS 30.09.2026 30.09.2025 CHANGE PLN MILLION STRUCTURE PLN MILLION STRUCTURE Cash and cash equivalents (*) 21,802 5.9% 16,000 4.7% 36.3% Loans and advances to banks (**) 326 0.1% 540 0.2% (39.6%) Loans and advances to customers (***) 212,814 57.2% 194,123 57.4% 9.6% Reverse repo transactions 6,166 1.7% 4,706 1.4% 31.0% Securities (****) 117,290 31.5% 109,419 32.4% 7.2% Investments in associates 159 0.0% 52 0.0% > 100% Property, plant and equipment and intangible assets 5,031 1.4% 4,584 1.3% 9.8% Other assets 8,709 2.3% 8,800 2.6% (1.0%) Total assets 372,297 100.0% 338,224 100.0% 10.1% (*) Cash and cash equivalents include cash in hand, amounts due from the National Bank of Poland, as well as amounts due from banks with a maturity of up to 3 months. (**) Including net investments in financial leases to banks. (***) Including net investments in financial leases to customers and non-treasury debt securities. (****) Including financial assets held for trading other financial instruments at fair value through profit and loss and excluding non-treasury debt securities.
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28 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 EQUITY AND LIABILITIES 30.09.2026 30.09.2025 CHANGE PLN MILLION STRUCTURE PLN MILLION STRUCTURE Amounts due to other banks 5,660 1.5% 7,319 2.2% (22.7%) Amounts due to customers 284,971 76.5% 260,165 76.9% 9.5% Debt securities issued 23,411 6.3% 18,739 5.5% 24.9% Subordinated liabilities 7,096 1.9% 3,604 1.1% 96.9% Repo transactions 2,695 0.7% 937 0.3% > 100% Other liabilities 14,865 4.0% 14,244 4.2% 4.4% Total equity including 33,599 9.0% 33,216 9.8% 1.2% non-controlling interests 13 0.0% 13 0.0% 0.0% Total liabilities 372,297 100.0% 338,224 100.0% 10.1% Customers’ Financing Customer structure of loans and advances (in PLN million) 30.09.2026 30.09.2025 CHANGE Loans and advances measured at gross carrying amount (*) 219,786 200,607 9.6% Gross carrying amount of loans and finance lease receivables 205,829 188,030 9.5% Retail 92,386 88,293 4.6% Corporate 113,443 99,737 13.7% Non-treasury debt securities 13,957 12,577 11.0% Impairment allowances (6,972) (6,484) 7.5% Total net receivables 212,814 194,123 9.6% Reverse repo transactions 6,166 4,706 31.0% (*) Excluding reverse repo transactions. Loans and advances at gross carrying amount as at the end of September 2026 amounted to PLN 219,786 million, and were higher PLN 19,179 million, i.e. 9.6%, compared with the end of September 2025. Retail customer loans as at the end of September 2026 amounted to PLN 92,386 million, and were higher by PLN 4,093 million, i.e. 4.6%, compared with the end of September 2025, supported by cash loan sales, which increased by 17. 5% year on year, driving a 16.2% year-on-year increase in cash loan volumes, as well as mortgage loan sales of PLN 10.9 billion, with mortgage loan volumes up 3.3% year on year. Corporate loans, including non-Treasury debt securities, as at the end of September 2026 amounted to PLN 127,400 million, and were higher by PLN 15,086 million, i.e. 13.4%, compared with the end of September 2025, mainly due to strong growth in corporate loans in the MID and SME segments, up 14% year on year, and loans to large corporates up by over 12%. Receivables and impairment losses (in PLN million) 30.09.2026 30.09.2025 CHANGE Gross receivables (*) 219,786 200,607 9.6% Stage 1 190,322 172,432 10.4% Stage 2 19,746 19,107 3.3% Stage 3 9,718 9,068 7.2% Impairment allowances (6,972) (6,484) 7.5% Stage 1 (788) (726) 8.5% Stage 2 (593) (649) (8.6%) Stage 3 (5,591) (5,109) 9.4% Total net receivables 212,814 194,123 9.6% (*) Including net investments in financial leases to customers , non-treasury debt securities, interest and receivables in transit and excluding reverse repo transactions. As at the end of September 2026 the ratio of impaired receivables (stage 3) to the gross receivables amounted to 4.4%.
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29 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 Loans and advances to customers by currency 30.09.2026 30.09.2025 CHANGE PLN MILLION STRUCTURE PLN MILLION STRUCTURE Denominated in PLN 175,726 80.0% 162,751 81.1% 8.0% Denominated in foreign currencies 44,060 20.0% 37,856 18.9% 16.4% Total (*) 219,786 100.0% 200,607 100.0% 9.6% Impairment allowances (6,972) x (6,484) x 7.5% Total net 212,814 x 194,123 x 9.6% (*) Including net investments in financial leases to customers, non-treasury debt securities, interest and receivables in transit and excluding reverse repo transactions. The currency structure of loans and advances to customers is dominated by amounts expressed in the Polish złoty, as at the end of September 2026 their share was 80.0%. The largest portion of foreign currency loans and advances to customers were represented by those denominated in EUR (94.1%), Loans and advances to customers by contractual maturities 30.09.2026 30.09.2025 CHANGE PLN MILLION STRUCTURE PLN MILLION STRUCTURE Current and up to 1 month 29,266 13.3% 26,732 13.3% 9.5% 1 to 3 months 10,234 4.7% 9,384 4.7% 9.1% 3 months to 1 year 20,176 9.2% 19,173 9.6% 5.2% 1 to 5 years 73,894 33.6% 65,553 32.7% 12.7% Over 5 years 80,342 36.6% 75,866 37.8% 5.9% Past due 5,874 2.7% 3,899 1.9% 50.7% Total (*) 219,786 100.0% 200,607 100.0% 9.6% Impairment allowances (6,972) x (6,484) x 7.5% Total net 212,814 x 194,123 x 9.6% (*) Including net investments in financial leases to customers , non-treasury debt securities, interest and receivables in transit and excluding reverse repo transactions. As at the end of September 2026 loans and advances with maturity over 5 years represents 36.6% of total loans and advances (mainly attributed to mortgage loans, investment loans and non-treasury debt securities). Liabilities The largest part of the Bank's liabilities are funds obtained from customers. At the end of September 2026, liabilities to customers, liabilities due to the issue of debt securities and subordinated liabilities amounted to PLN 315 478 million, and their share in the balance sheet total amounted to 84.7%. External sources of financing (in PLN million) 30.09.2026 30.09.2025 CHANGE Amounts due to other banks 5,660 7,319 (22.7%) Amounts due to customers 284,971 260,165 9.5% Debt securities issued 23,411 18,739 24.9% Subordinated liabilities 7,096 3,604 96.9% Repo transactions 2,695 937 > 100% Total external sources of financing 323,833 290,764 11.4% The operating activity of Bank Pekao S.A. is conducted exclusively in the territory of the Republic of Poland. The Bank's deposit base is highly diversified, with both retail and corporate clients as depositors. The Bank also obtains funds from the interb ank market, but it is not dependent on a single client or a group of clients.
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30 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 Amounts due to customers and debt securities issued (in PLN million) 30.09.2026 30.09.2025 CHANGE Amounts due to customers (*) 284,971 260,165 9.5% Corporate deposits 121,518 108,306 12.2% Non-financial entities 84,764 76,660 10.6% Non-banking financial entities 13,558 9,612 41.1% Budget entities 23,196 22,034 5.3% Retail deposits 163,453 151,859 7.6% Repo transactions 2,695 937 > 100% Debt securities issued of which 23,411 18,739 24.9% Senior bonds 12,402 9,959 24.5% Pekao Bank Hipoteczny S.A. covered bonds 1,434 1,460 (1.8%) Pekao Bank Hipoteczny S.A. bonds 441 387 13.9% Pekao Leasing Sp. z o.o. bonds 5,871 4,144 41.7% Pekao Faktoring Sp. z o.o. bonds 3,058 2,612 17.1% Interest 205 177 15.8% Investment funds of Pekao TFI S.A. 46,871 38,719 21.1% Bond and money market funds 32,098 27,472 16.8% Balanced funds 8,093 6,546 23.6% Equity funds 3,209 2,385 34.5% PPK 3,471 2,316 49.9% including distributed through the Group’s network 40,372 33,681 19.9% (*) Including interest and amounts due in transit and excluding repo transactions. Amounts due to the Group’s customers as at the end of September 2026 amounted to PLN 284,971 million, and were higher PLN 24,806 million, i.e. 9.5%, compared with the end of September 2025. Retail deposits as at the end of September 2026 amounted to PLN 163,453 million, and were higher PLN 11,594 million, i.e. 7.6%, compared with the end of September 2025. Corporate deposits as at the end of September 2026 amounted to PLN 121,518 million, and were higher PLN 13,212 million, i.e.12.2%, compared with the end of September 2025. Net assets of investment funds managed by Pekao TFI S.A. as at the end of September 2026 amounted to PLN 46,871 million, up PLN 8,152 million, or 21.1%, compared with the end of September 2025, driven by both higher year-on-year valuations and strong net sales of investment funds over the last 12 months, which amounted to nearly PLN 5. 6 billion. Amounts due to customers by currency 30.09.2026 30.09.2025 CHANGE PLN MILLION STRUCTURE PLN MILLION STRUCTURE Denominated in PLN 242,278 85.0% 216,531 83.2% 11.9% Denominated in foreign currencies 42,693 15.0% 43,634 16.8% (2.2%) Amounts due to customers (*) 284,971 100.0% 260,165 100.0% 9.5% (*) Including interest and amounts due in transit and excluding repo transactions. The bulk of the amounts due to customers are denominated in the Polish currency and its share as at the end of September 2026 amounted to 85.0%. The majority of amounts due to customers denominated in foreign currencies were in EUR (64.7%) and USD (29.2%). Amounts due to customers by contractual maturities 30.09.2026 30.09.2025 CHANGE PLN MILLION STRUCTURE PLN MILLION STRUCTURE Current accounts and overnight deposits 211,790 74.3% 195,911 75.3% 8.1% Term deposits 73,181 25.7% 64,254 24.7% 13.9% Amounts due to customers (*) 284,971 100.0% 260,165 100.0% 9.5% (*) Including interest and amounts due in transit and excluding repo transactions.
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31 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 The results of Bank Pekao S.A. The main items from the Bank’s income statement in presentation form are as follows: (in PLN million) 3 QUARTERS OF 2026 3 QUARTERS OF 2025 CHANGE Net interest income 9,765 9,943 (1.8%) Net fee and commission income 2,050 1,852 10.7% Dividend, income 280 207 35.3% Trading result 152 322 (52.8%) Net other operating income and expenses (41) (113) (63.7%) Net non-interest income 2,441 2,268 7.6% Operating income 12,206 12,211 (0.0%) Operating costs (4,017) (3,732) 7.6% Gross operating profit 8,189 8,479 (3.4%) Net allowances for expected credit losses (692) (477) 45.1% Costs of legal risk of foreign currency mortgage loans (80) (361) (77.8%) Net operating profit 7,417 7,641 (2.9%) Contributions to the Bank Guarantee Fund (413) (356) 16.0% Tax on certain financial institutions (669) (644) 3.9% Gains on subsidiaries 2 - x Profit before tax 6,337 6,641 (4.6%) Income tax expense (2,187) (1,466) 49.2% Net profit 4,150 5,175 (19.8%) The net profit of Bank Pekao S.A. in the 3 quarters of 2026 amounted to PLN 4,150 million and was lower by PLN 1,025 million, i.e. 19.8%, than the result achieved in the 3 quarters of 2025. The main Bank’s financial information are as follows: 30.09.2026 30.09.2025 CHANGE STATEMENT OF FINANCIAL POSITION – SELECTED ITEMS (in PLN million) Loans and advances at gross carrying amount (*) 201,629 184,837 9.1% Amounts due to customers 285,447 260,413 9.6% Senior bonds 12,586 10,114 24.4% Subordinated bonds 7,096 3,604 96.9% Repo transactions 2,695 937 > 100% Total assets 357,913 325,787 9.9% Investment funds distributed through the Bank’s network 38,778 32,531 19.2% Total capital ratio in % (**) 20.2% 19.5% 0.7 p.p. (*) Including loans and non-treasury debt securities. Loans and advances at gross carrying amount as at the end of September 2026 amounted to PLN 201,629 million, and were higher by PLN 16,792 million, i.e. 9.1%, compared with the end of September 2025. At the end of September 2026, retail loans amounted to PLN 88,755 million and corporate loans to PLN 98,639 million. Amounts due to customers as at the end of September 2026 amounted to PLN 285,447 million, and were higher by PLN 25,034 million, i.e. 9.6%, compared with the end of September 2025. Net assets of investment funds managed by Pekao TFI S.A. and distributed through the Bank’s network amounted to PLN 38,778 million as at the end of September 2026, and was higher by PLN 6,247 million, i.e. 19.2%, compared with the end of September 2025.
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32 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 7.3 Capital adequacy Bank Pekao S.A. Group Capital ratios are the basic measure applied for the measurement of capital adequacy according to Regulation of the European Parliament and of the Council (EU) No 575/2013 of June 26, 2013 on prudential requirements for credit institutions and amending Regulation (EU) No 648/2012, which entered into force since January 1, 2014 together with further amendments, as well as Commission Implementing Regulations or Delegated Regulations (EU) (CRR Regulation). Capital ratios, capital requirements and own funds have been calculated in accordance with the above mentioned CRR Regulation using national options defined in article 171a of The Banking Act, Act of 5 August 2015 on macro -prudential supervision over financial system and crisis management in financial system (Act on macro-prudential supervision), as well as regulations of minister in charge of the finance institutions. According to law, Bank Pekao S.A. Group and Bank Pekao S.A. are required to maintain minimal values of capital ratios resulting from Pillar I level (CRR Regulation), capital requirement of Pillar II resulting from The Banking Act and combined buffer requirement resulting from Act on macro-prudential supervision. Minimal value of capital ratios on Pillar I level are: − Total capital ratio (TCR) in amount of 8%, − Tier I capital ratio (T1) in amount of 6%, − Common Equity Tier I capital ratio (CET 1) in amount of 4.5%. Combined buffer requirement as at 30 September 2026 consists of: − Capital conservation buffer in amount of 2.50%, − Countercyclical capital buffer in amount of 1.94%1 for Bank Pekao S.A. and Bank Pekao S.A. Group, − Other systemically important institution buffer in amount of 1.00%, − Systemic risk buffer in amount of 0.00%2. On Pillar II, Bank Pekao S.A. and Bank Pekao S.A. Group have no additional capital requirement (P2R). Together, Bank Pekao S.A. and Bank Pekao S.A. Group are obliged to maintain: − Total capital ratio (TCR) in amount of 13.44%, − Capital ratio Tier I (T1) in amount of 11.44%, − Common Equity Tier (CET 1) in amount of 9.94%. The capital ratios of Bank Pekao S.A. Group and Bank Pekao S.A. were significantly above the minimum required by the law. 1 Countercyclical capital buffer was calculated as of September 30, 2026 at the level 1,9432% for Bank Pekao S.A. and 1, 9417% for Bank Pekao S.A. Group, due to the fact that on 25 September 2025, the Minister of Finance and Economy issued a regulation according to which countercyclical capital buffer ratio is equal to 2% of the total risk exposure amount for credit exposures in the territory of the Republic of Poland. 2 According to the Regulation of the Minister of Finance, the systemic risk buffer was abolished on March 19, 2020. The buffer value applicable until that date was 3% of the total risk exposure amount for all exposures located only in the territory of the Republic of Poland.
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33 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 Bank Pekao S.A. Group As of September 30 , 202 6 Bank Pekao S.A. Group total capital ratio amounted to 1 7.8% and common equity Tier I ratio amounted to 14.7%. The table below presents the basic information concerning Bank Pekao S.A. Group capital adequacy as of September 30, 2026 and September 30, 2025. CAPITAL REQUIREMENT (PLN mln) 30.09.2026 30.09.2025 Credit Risk 13,041 11,789 Market Risk 131 87 Counterparty credit risk including CVA 248 217 Operational risk 1,755 1,608 Total capital requirement 15,175 13,701 OWN FUNDS (PLN mln) Common Equity Tier I Capital 27,938 26,643 Tier II Capital 5,812 2,554 Own funds for total capital ratio 33,750 29,197 Common Equity Tier I Capital ratio (%) 14.7% 15.6% Total capital ratio (%) 17.8% 17.0% Total Capital Ratio of Pekao S.A. Group as at the end of September 2026 was higher by 0.8 p.p. compared to the end of September 2025, mainly due to the increase of own funds by 15.6% despite higher total capital requirement by 10.8%. Common equity Tier 1 Capital Ratio of Bank Pekao S.A. Group as at the end of September 2026 was lower by 0.9 p.p. compared to the end of September 2025. Increase of Tier II Capital at the end of September 2026 compared to the end of September 2025 results from issuance of series 5 and series 7 subordinated bonds, both in the amount of EUR 500 million, partially compensated by use the option of early redemption of subordinated bonds series D and D1 in the total amount of PLN 750 million and amortization of subordinated bonds A series and B series (during final 5 years of maturity of the instrument). MREL information The Bank Guarantee Fund set the target value of the MREL requirement for the Pekao S.A. Group in relation to: − the total risk exposure amount (TREA) at the level of 15.4% (subordination requirement of 13.6%), − the total exposure measure (TEM) at the level of 5.9% (subordination requirement of 5.5%). Additionally, in terms of the MREL-TREA ratios, the Pekao S.A. Group is required to meet the minimum requirement increased by the combined buffer requirement of 5.4 pp. As of September 30, 2026 MREL ratios of Pekao S.A. Group amounted to: − 25.1% for MREL-TREA and 24.0% for MREL-TREA subordinated, − 11.7% for MREL-TEM and 11.1% for MREL-TEM subordinated.
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34 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 8. Other Information Management Board position regarding the possibility of achieving previously published forecasts The Bank has not published the forecast of the financial results for 2026. Seasonality or cyclical nature of the Bank’s activity The demand for the financial services offered by the Bank is stable with no material impact of seasonal changes. Due to the nature of the Bank’s activity, it is not subject to seasonal or cyclical changes. Activities of other companies of the Bank P ekao S.A. Capital Group also does not show significant seasonal or cyclical characteristics. Information on dividend and appropriation of profit achieved Information on dividends paid and appropriation of profit achieved, in total and per share, with a division into ordinary and preference shares, is included in Explanatory Note 14 of the Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 202 6. Accounting principles adopted in the preparation of the report Accounting principles adopted in the preparation of the report are described in Note 4 to the Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 202 6. Pending litigations Information on significant legal proceedings pending before courts, arbitration bodies or public administration authorities i n respect of liabilities and receivables of the Bank and its subsidiaries is included in Note 24 to the Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 202 6. Related party transactions In the third quarter of 2026, the Bank and its subsidiaries have not concluded any significant transactions (single or aggregate) with related entities other than those executed on arm’s length. In the third quarter of 2026, the Bank and its subsidiaries did not provide any sureties in respect of loans or advances or did not provide any guarantees to an entity or a subsidiary of such entity, which the total value would be significant. Detailed information on related party transactions is included in Note 25 to the Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 202 6.
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35 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 Issuance, redemption and repayment of debt securities Senior bonds The Bank issued senior non-preferred bonds (“SNP bonds”) and senior preferred bonds (“SP bonds”). The SNP bonds and SP bonds constitute eligible liabilities of the Bank within the meaning of art. 97a para.1 pt. 2) of the Act on the Bank Guarantee Fund, Deposit Guarantee System and Forced Restructuring of 10 June 2016. SNP bonds and SP bonds were issued on the local market in PLN as well as under medium-term eurobond issuance program in EUR (“EMTN Programme”). Several of the issues were green bonds, in accordance with the Bank’s Sustainable Finance Framework. The table below presents data on the series of SNP bonds and SP bonds outstanding as of the end of September 2026. NOMINAL AMOUNT INTEREST RATE ISSUE DATE MATURITY DATE SENIOR BONDS SNP series SN3 PLN 500 m floating, WIBOR 6M+1.60% 26.04.2024 26.04.2029 EMTN PROGRAMME SNP series ESN1 (green) EUR 500 m 5.5% in the first 3 years, floating, EURIBOR 3M+2.4% 23.11.2023 23.11.2027 SNP series ESN2 EUR 500 m 4.0% in the first 5 years, floating, EURIBOR 3M+1.8% 24.09.2024 24.09.2030 SNP series ESN3 EUR 500 m 3.75% in the first 5 years, floating, EURIBOR 3M+1.65% 04.06.2025 04.06.2031 SP series ESP4 (green) EUR 500 m 3.50% in the first 6 years, floating, EURIBOR 3M+1.10% 23.09.2025 23.09.2032 SNP series 6 EUR 750 m 3.625% in the first 3 years, floating, EURIBOR 3M+0.92% 03.06.2026 03.06.2030 On 7 July 2026 the Management Board of the Bank adopted a resolution to use the option of early redemption of series SN2 senior non-preferred bonds issued on 28 July 2023 with a total nominal value of PLN 0.35 billion. The early redemption took place on 28 July 2026 and in accordance with the regulations of the Central Securities Depository of Poland (KDPW). Subordinated bonds The Bank issued subordinated bonds, and the funds from the issue were designated, after receiving the approval of the Polish Financial Supervision Authority, to increase the Bank's Tier II capital pursuant to art. 127 para. 2 pt. 2) of the Banking Law and art. 63 of Regulation No. 575/2013 of the European Parliament and of the Council of 26 June 2013 . The table below presents data on the series of subordinated bonds outstanding as of the end of September 2026. NOMINAL AMOUNT INTEREST RATE ISSUE DATE MATURITY DATE SUBORDINATED BONDS Series A PLN 1 250 m floating, WIBOR 6M+1.5% 30.10.2017 29.10.2027 Series B PLN 550 m floating, WIBOR 6M+1.5% 15.10.2018 16.10.2028 Series C PLN 200 m floating, WIBOR 6M+1.8% 15.10.2018 14.10.2033 Series E PLN 750 m floating, WIBOR 6M+1.85% 04.04.2025 04.04.2035 EMTN PROGRAMME Series 5 EUR 500 m 4.0101% for the first 5 years and 3 months, floating, EURIBOR 3M + 1.55% 27.11.2025 27.02.2036 Series 7 EUR 500 m 4.276% for the first 6 years, floating, EURIBOR 3M + 1.45% 13.07.2026 13.07.2037 On 3 August 2022 the Management Board of the Bank adopted a resolution not to use the option of early redemption of subordinated bonds series A. On 29 August 2023 the Management Board of the Bank adopted a resolution not to use the option of early redemption of subordinated bonds series B. On 11 August 2026 the Bank received the approval of the Polish Financial Supervision Authority to qualify by the Bank eurobonds series 7 in Tier II capital of the Bank.
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36 Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026 rok Report of Bank Pekao S.A. Group for the third quarter of 2026 Pekao Bank Hipoteczny S.A. covered bonds The total value of the company’s liabilities due to covered bonds amounted to PLN 1,434 million (principal value) at the end of September 2026. Liabilities from covered bonds with maturities of up to 1 year accounted for 2 1% of the total nominal value, those with maturities of up to 2 years accounted for 18%, up to 5 years for 61%. Pekao Bank Hipoteczny S.A. bonds The total value of the company’s liabilities under bonds amounted to PLN 441 million (principal value) as at the end of September 2026 with maturities of up to 6 months. Pekao Leasing Sp. z o.o. bonds The total value of the company’s liabilities under bonds amounted to PLN 5,871 million (principal value) as at the end of September 2026 with maturity date up to 1 year. Pekao Faktoring Sp. z o.o. bonds The total value of the company’s liabilities under bonds with maturity date to 3 months amounted to PLN 3,058 million (principal value) as at the end of September 2026. Subsequent events Significant events that occurred after the date of preparation of the report and were not included in the Report are available at: Reports - Investor relations - Bank Pekao S.A.
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Warsaw, October 2026 This document is a free translation of the Polish original. Terminology current in Anglo -Saxon countries has been used where practicable for the purposes of this translation in order to aid understanding. The binding Polish original should be referre d to in matters of interpretation. Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026
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Report of Bank Pekao S.A. Group for the third quarter of 2026 2 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) I. Consolidated income statement ................................................................................................................................................ 3 II. Consolidated statement of comprehensive income ................................................................................................................ 4 III. Consolidated statement of financial position .......................................................................................................................... 5 IV. Consolidated statement of changes in equity ......................................................................................................................... 6 V. Consolidated cash flow statement ............................................................................................................................................ 7 VI. Income statement of Bank Pekao S.A. ...................................................................................................................................... 9 VII. Statement of comprehensive income of Bank Pekao S.A. ................................................................................................... 10 VIII. Statement of financial position of Bank Pekao S.A. .............................................................................................................. 11 IX. Statement of changes in equity of Bank Pekao S.A. ............................................................................................................. 12 X. Cash flow statement of Bank Pekao S.A. ............................................................................................................................... 13 XI. Notes to the Interim Condensed Consolidated Financial Statements ................................................................................. 15 1. General information .................................................................................................................................................................. 15 2. Group structure ......................................................................................................................................................................... 15 3. Statement of compliance .......................................................................................................................................................... 16 4. Significant accounting policies ............................................................................................................................................... 20 5. Accounting estimates ............................................................................................................................................................... 23 6. Operating segments ................................................................................................................................................................. 25 7. Interest income and expense ................................................................................................................................................... 30 8. Fee and commission income and expense ............................................................................................................................ 31 9. Result on financial assets and liabilities measured at fair value through profit or loss and foreign exchange result .. 31 10. Net allowances for expected credit losses ............................................................................................................................. 32 11. Other operating income and expenses ................................................................................................................................... 32 12. General administrative expenses and depreciation .............................................................................................................. 33 13. Income tax.................................................................................................................................................................................. 34 14. Dividends ................................................................................................................................................................................... 34 15. Cash and cash equivalents ...................................................................................................................................................... 34 16. Loans and advances to banks ................................................................................................................................................. 35 17. Derivative financial instruments (held for trading) ................................................................................................................ 35 18. Loans and advances to customers (including receivables from finance leases) .............................................................. 36 19. Securities ................................................................................................................................................................................... 40 20. Amounts due to other banks ................................................................................................................................................... 41 21. Amounts due to customers ...................................................................................................................................................... 41 22. Debt securities issued .............................................................................................................................................................. 42 23. Provisions .................................................................................................................................................................................. 42 24. Contingent commitments and legal claims ............................................................................................................................ 43 25. Related party transactions ....................................................................................................................................................... 45 26. Legal risk regarding foreign currency mortgage loans in CHF ............................................................................................ 49 27. Basic measures of liquidity ...................................................................................................................................................... 49 28. Fair value of financial assets and liabilities ........................................................................................................................... 51 29. Impairment allowances on financial assets, property, plant and equipment, intangible assets or other assets and reversal of such impairment allowances ................................................................................................................................ 56 30. Acquisition and sale of property, plant and equipment and commitments for the acquisition of property, plant and equipment .................................................................................................................................................................................. 56 31. Subsequent events ................................................................................................................................................................... 56
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Report of Bank Pekao S.A. Group for the third quarter of 2026 3 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) I. Consolidated income statement NOTE III QUARTER 2026 PERIOD FROM 01.07.2026 TO 30.09.2026 3 QUARTERS 2026 PERIOD FROM 01.01.2026 TO 30.09.2026 III QUARTER 2025 PERIOD FROM 01.07.2025 TO 30.09.2025 3 QUARTERS 2025 PERIOD FROM 01.01.2025 TO 30.09.2025 Interest income and similar to interest 7 4 658 13 504 4 798 14 618 Interest income calculated using the effective interest method 4 443 12 879 4 589 13 962 Income similar to interest 215 625 209 656 Interest expense 7 (1 133) (3 365) (1 368) (4 328) Net interest income 3 525 10 139 3 430 10 290 Fee and commission income 8 1 125 3 269 1 016 2 957 Fee and commission expense 8 (272) (755) (249) (693) Net fee and commission income 853 2 514 767 2 264 Dividend income 2 38 - 33 Result on financial assets and liabilities measured at fair value through profit or loss and foreign exchange result 9 (99) 163 89 265 Result on derecognition of financial assets and liabilities not measured at fair value through profit or loss (3) 23 12 57 Net allowances for expected credit losses 10 (332) (769) (240) (624) Costs of legal risk of foreign currency mortgage loans 26 9 (80) (18) (376) Other operating income 11 47 117 62 142 Other operating expenses 11 (24) (152) (51) (241) General administrative expenses and depreciation 12 (1 693) (5 456) (1 600) (5 069) Share in gains/losses of associates 1 8 (1) (5) PROFIT BEFORE INCOME TAX 2 286 6 545 2 450 6 736 Income tax expense 13 (769) (2 278) (544) (1 542) NET PROFIT 1 517 4 267 1 906 5 194 1. Attributable to equity holders of the Bank 1 516 4 264 1 905 5 191 2. Attributable to non-controlling interests 1 3 1 3 Earnings per share (in PLN per share) basic for the period 5.78 16.25 7.26 19.78 diluted for the period 5.78 16.25 7.26 19.78 Notes to the financial statements presented on pages 15 – 56 constitute an integral part of the interim condensed consolidated financial statements.
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Report of Bank Pekao S.A. Group for the third quarter of 2026 4 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) II. Consolidated statement of comprehensive income III QUARTER 2026 PERIOD FROM 01.07.2026 TO 30.09.2026 3 QUARTERS 2026 PERIOD FROM 01.01.2026 TO 30.09.2026 III QUARTER 2025 PERIOD FROM 01.07.2025 TO 30.09.2025 3 QUARTERS 2025 PERIOD FROM 01.01.2025 TO 30.09.2025 Net profit 1 517 4 267 1 906 5 194 Other comprehensive income (net) Items that are or may be reclassified subsequently to profit or loss: Impact of revaluation of debt financial instruments and loan measured at fair value through other comprehensive income (net): (261) (226) 50 237 profit/loss on fair value measurement (259) (210) 63 286 profit/loss reclassification to income statement after derecognition (2) (16) (13) (49) Impact of revaluation of derivative instruments hedging cash flows (net): (526) (555) 90 607 profit/loss from the fair value measurement of financial instruments hedging cash flows in the part constituting effective hedging (530) (590) 19 336 profit/loss on financial instruments hedging cash flows reclassified to profit or loss 4 35 71 271 Items that will never be reclassified to profit or loss: Impact of revaluation of investments in equity instruments designated at fair value through other comprehensive income (net) (24) (54) 10 89 Remeasurements of the defined benefit liabilities (net) - (1) - (4) Other comprehensive income (net) (811) (836) 150 929 Total comprehensive income 706 3 431 2 056 6 123 1. Attributable to equity holders of the Bank 705 3 428 2 055 6 120 2. Attributable to non-controlling interests 1 3 1 3 Notes to the financial statements presented on pages 15 – 56 constitute an integral part of the interim condensed consolidated financial statements.
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Report of Bank Pekao S.A. Group for the third quarter of 2026 5 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) III. Consolidated statement of financial position NOTE 30.09.2026 31.12.2025 ASSETS Cash and cash equivalents 15 21 802 12 016 Loans and advances to banks 16 326 501 Derivative financial instruments (held for trading) 17 4 607 5 001 Hedging instruments 654 1 233 Loans and advances to customers (including receivables from finance leases) 18 205 118 188 868 Securities 19 129 344 134 738 Assets pledged as security for liabilities 1 809 1 080 Assets held for sale 17 21 Investments in associates 159 152 Intangible assets 2 619 2 560 Property, plant and equipment 2 412 2 224 Income tax assets 1 501 1 427 1. Current tax assets 112 1 2. Deferred tax assets 1 389 1 426 Other assets 1 929 2 412 TOTAL ASSETS 372 297 352 233 EQUITY AND LIABILITIES Liabilities Amounts due to other banks 20 5 660 5 748 Financial liabilities held for trading 939 891 Derivative financial instruments (held for trading) 17 4 672 5 124 Amounts due to customers 21 287 666 269 552 Hedging instruments 1 008 681 Debt securities issued 22 23 411 20 265 Subordinated liabilities 7 096 5 642 Income tax liabilities 28 461 1. Current tax liabilities 9 440 2. Deferred tax liabilities 19 21 Provisions 23 2 318 2 634 Other liabilities 5 900 5 873 TOTAL LIABILITIES 338 698 316 871 Equity Share capital 262 262 Other capital and other components of comprehensive income 27 393 26 547 Retained earnings and net profit for the period 5 931 8 539 Total equity attributable to equity holders of the Bank 33 586 35 348 Non-controlling interests 13 14 TOTAL EQUITY 33 599 35 362 TOTAL LIABILITIES AND EQUITY 372 297 352 233 Notes to the financial statements presented on pages 15 – 56 constitute an integral part of the interim condensed consolidated financial statements.
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Report of Bank Pekao S.A. Group for the third quarter of 2026 6 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) IV. Consolidated statement of changes in equity OTHER CAPITAL AND OTHER COMPONENTS OF COMPREHENSIVE INCOME NON - CONTROLLING INTERESTS TOTAL EQUITY SHARE CAPITAL TOTAL OTHER CAPITAL AND OTHER COMPONENTS OF COMPREHENSIVE INCOME OTHER CAPITAL OTHER COMPONENTS OF COMPREHENSIVE INCOME RETAINED EARNINGS AND NET PROFIT FOR THE PERIOD TOTAL EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE BANK SHARE PREMIUM GENERAL BANKING RISK FUND OTHER RESERVE CAPITAL OTHER Equity as at 1.01.2026 262 26 547 9 137 1 983 14 562 361 504 8 539 35 348 14 35 362 Total comprehensive income - (836) - - - - (836) 4 264 3 428 3 3 431 Other components of comprehensive income (net) - (836) - - - - (836) - (836) - (836) Net profit - - - - - - - 4 264 4 264 3 4 267 Appropriation of retained earnings - 1 682 - - 1 679 3 - (6 871) (5 189) (4) (5 193) Dividend paid - - - - - - - (5 189) (5 189) (4) (5 193) Profit appropriation to other reserves - 1 682 - - 1 679 3 - (1 682) - - - Other - - - - - - - (1) (1) - (1) Equity as at 30.09.2026 262 27 393 9 137 1 983 16 241 364 (332) 5 931 33 586 13 33 599 OTHER CAPITAL AND OTHER COMPONENTS OF COMPREHENSIVE INCOME NON - CONTROLLING INTERESTS TOTAL EQUITY SHARE CAPITAL TOTAL OTHER CAPITAL AND OTHER COMPONENTS OF COMPREHENSIVE INCOME OTHER CAPITAL OTHER COMPONENTS OF COMPREHENSIVE INCOME RETAINED EARNINGS AND NET PROFIT FOR THE PERIOD TOTAL EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE BANK SHARE PREMIUM GENERAL BANKING RISK FUND OTHER RESERVE CAPITAL OTHER Equity as at 1.01.2025 262 23 731 9 137 1 983 12 995 360 (744) 7 908 31 901 13 31 914 Total comprehensive income - 929 - - - - 929 5 191 6 120 3 6 123 Other components of comprehensive income (net) - 929 - - - - 929 - 929 - 929 Net profit - - - - - - - 5 191 5 191 3 5 194 Appropriation of retained earnings - 1 564 - - 1 563 1 - (6 383) (4 819) (3) (4 822) Dividend - - - - - - - (4 819) (4 819) (3) (4 822) Profit appropriation to other reserves - 1 564 - - 1 563 1 - (1 564) - - - Other - 2 - - 4 - (2) (1) 1 - 1 Result on the sale of investments in equity instruments designated at fair value through other comprehensive income - - - - 2 - (2) - - - - Other - 2 - - 2 - - (1) 1 - 1 Equity as at 30.09.2025 262 26 226 9 137 1 983 14 562 361 183 6 715 33 203 13 33 216 Notes to the financial statements presented on pages 15 – 56 constitute an integral part of the interim condensed consolidated financial statements.
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7 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 V. Consolidated cash flow statement NOTE III QUARTER 2026 PERIOD FROM 01.07.2026 TO 30.09.2026 3 QUARTERS 2026 PERIOD FROM 01.01.2026 TO 30.09.2026 III QUARTER 2025 PERIOD FROM 01.07.2025 TO 30.09.2025 RESTATED 3 QUARTERS 2025 PERIOD FROM 01.01.2025 TO 30.09.2025 RESTATED Cash flow from operating activities – indirect method Profit before income tax 2 286 6 545 2 450 6 736 Adjustments for: Depreciation and amortization 12 202 598 189 561 Share in gains (losses) from associates (1) (8) 1 5 (Gains) losses on investing activities (22) (76) (59) (131) Net interest income 7 (3 525) (10 139) (3 430) (10 290) Dividend income (2) (38) - (33) Change in: Loans and advances to banks 53 170 73 (359) Derivative financial instruments (assets) (238) 395 23 36 Loans and advances to customers (in this receivables from financial leases) (8 502) (16 129) (5 127) (11 329) Securities (including assets pledged as security for liabilities) (4 195) (641) 2 415 5 349 Other assets (92) 408 (78) 1 608 Amounts due to banks (1 730) 739 1 132 1 735 Financial liabilities held for trading 117 49 (152) (501) Derivative financial instruments (liabilities) 171 (452) (122) (96) Amounts due to customers 2 930 18 324 (3 385) 2 138 Debt securities issued 101 411 (112) (291) Subordinated liabilities 5 64 61 72 Payments for short-term leases and leases of low- value assets (1) (1) - (1) Provisions (163) (316) (211) 125 Other liabilities 270 (183) (1 918) (1 964) Interest received 4 657 13 294 4 863 14 581 Interest paid (1 159) (3 480) (1 475) (4 623) Income tax paid (789) (2 544) (515) (2 734) Net cash flows from operating activities (9 627) 6 990 (5 377) 594 Cash flow from investing activities Investing activity inflows 73 260 310 164 146 101 506 994 Sale and redemption of securities measured at amortised cost 15 499 37 536 20 602 108 717 Sale and redemption of securities measured at fair value through other comprehensive income 57 736 272 513 125 433 398 140 Sale property, plant and equipment 30 23 77 66 104 Dividend received 2 38 - 33 Investing activity outflows (65 049) (305 372) (144 002) (502 845) Acquisition of securities measured at amortised cost (9 048) (42 283) (17 306) (100 800) Acquisition of securities measured at fair value through other comprehensive income (55 647) (262 360) (126 470) (401 557) Acquisition of intangible assets (140) (273) (85) (198) Acquisition of property, plant and equipment 30 (214) (456) (141) (290) Net cash flows from investing activities 8 211 4 792 2 099 4 149
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8 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 NOTE III QUARTER 2026 PERIOD FROM 01.07.2026 TO 30.09.2026 3 QUARTERS 2026 PERIOD FROM 01.01.2026 TO 30.09.2026 III QUARTER 2025 PERIOD FROM 01.07.2025 TO 30.09.2025 RESTATED 3 QUARTERS 2025 PERIOD FROM 01.01.2025 TO 30.09.2025 RESTATED Cash flows from financing activities Financing activity inflows 17 431 34 964 10 690 27 208 Due to loans and advances received from banks - - - - Issue of debt securities 15 291 32 824 10 690 26 458 Issue of subordinated liabilities 2 140 2 140 - 750 Financing activity outflows (15 423) (36 960) (9 344) (30 220) Repayment of loans and advances received from banks (518) (822) (1 379) (1 739) Redemption of debt securities (14 866) (30 082) (7 940) (23 594) Redemption of subordinated liabilities - (750) - - Dividends payments - (5 193) - (4 822) Payments for the principal portion of the lease liabilities (39) (113) (25) (65) Net cash flows from financing activities 2 008 (1 996) 1 346 (3 012) Total net cash flows 592 9 786 (1 932) 1 731 including: effect of exchange rate fluctuations on cash and cash equivalents held 49 124 12 (102) Net change in cash and cash equivalents 592 9 786 (1 932) 1 731 Cash and cash equivalents at the beginning of the period 21 210 12 016 17 932 14 269 Cash and cash equivalents at the end of the period 15 21 802 21 802 16 000 16 000 Notes to the financial statements presented on pages 15 – 56 constitute an integral part of the interim condensed consolidated financial statements.
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9 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 VI. Income statement of Bank Pekao S.A. III QUARTER 2026 PERIOD FROM 01.07.2026 TO 30.09.2026 3 QUARTERS 2026 PERIOD FROM 01.01.2026 TO 30.09.2026 III QUARTER 2025 PERIOD FROM 01.07.2025 TO 30.09.2025 3 QUARTERS 2025 PERIOD FROM 01.01.2025 TO 30.09.2025 Interest income and similar to interest 4 403 12 757 4 535 13 783 Interest income calculated using the effective interest method 4 374 12 667 4 512 13 709 Income similar to interest 29 90 23 74 Interest expense (1 007) (2 992) (1 218) (3 840) Net interest income 3 396 9 765 3 317 9 943 Fee and commission income 966 2 795 873 2 566 Fee and commission expense (267) (745) (245) (714) Net fee and commission income 699 2 050 628 1 852 Dividend income 1 280 1 207 Result on financial assets and liabilities measured at fair value through profit or loss and foreign exchange result (125) 129 86 265 Result on derecognition of financial assets and liabilities not measured at fair value through profit or loss (3) 23 12 57 Net allowances for expected credit losses (289) (692) (93) (477) Costs of legal risk of foreign currency mortgage loans 9 (80) (19) (361) Other operating income 41 102 62 121 Other operating expenses (20) (143) (48) (234) General administrative expenses and depreciation (1 571) (5 099) (1 493) (4 732) Gains on subsidiaries - 2 - - PROFIT BEFORE INCOME TAX 2 138 6 337 2 453 6 641 Income tax expense (738) (2 187) (519) (1 466) NET PROFIT 1 400 4 150 1 934 5 175 Earnings per share (in PLN per share) basic for the period 5.33 15.81 7.37 19.72 diluted for the period 5.33 15.81 7.37 19.72
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10 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 VII. Statement of comprehensive income of Bank Pekao S.A. III QUARTER 2026 PERIOD FROM 01.07.2026 TO 30.09.2026 3 QUARTERS 2026 PERIOD FROM 01.01.2026 TO 30.09.2026 III QUARTER 2025 PERIOD FROM 01.07.2025 TO 30.09.2025 3 QUARTERS 2025 PERIOD FROM 01.01.2025 TO 30.09.2025 Net profit 1 400 4 150 1 934 5 175 Other comprehensive income (net) Items that are or may be reclassified subsequently to profit or loss: Impact of revaluation of debt financial instruments and loan measured at fair value through other comprehensive income (net): (264) (236) 49 236 profit/loss on fair value measurement (262) (220) 62 285 profit/loss reclassification to income statement after derecognition (2) (16) (13) (49) Impact of revaluation of derivative instruments hedging cash flows (net): (526) (555) 90 607 profit/loss from the fair value measurement of financial instruments hedging cash flows in the part constituting effective hedging (530) (590) 19 336 profit/loss on financial instruments hedging cash flows reclassified to profit or loss 4 35 71 271 Items that will never be reclassified to profit or loss: Impact of revaluation of investments in equity instruments designated at fair value through other comprehensive income (net) (24) (54) 9 89 Remeasurements of the defined benefit liabilities (net) - (1) - (5) Other comprehensive income (net) (814) (846) 148 927 Total comprehensive income 586 3 304 2 082 6 102
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11 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 VIII. Statement of financial position of Bank Pekao S.A. 30.09.2026 31.12.2025 ASSETS Cash and cash equivalents 22 050 12 031 Loans and advances to banks 836 1 006 Derivative financial instruments (held for trading) 4 609 5 016 Hedging instruments 654 1 233 Loans and advances to customers 187 348 167 182 Securities 131 460 141 030 Assets pledged as security for liabilities 1 809 1 080 Assets held for sale 17 21 Investments in subsidiaries 2 207 2 232 Investments in associates 42 42 Intangible assets 1 803 1 746 Property, plant and equipment 2 284 2 113 Income tax assets 1 116 1 043 1. Current tax assets 112 - 2. Deferred tax assets 1 004 1 043 Other assets 1 678 2 083 TOTAL ASSETS 357 913 337 858 EQUITY AND LIABILITIES Liabilities Amounts due to other banks 2 507 1 913 Financial liabilities held for trading 939 891 Derivative financial instruments (held for trading) 4 691 5 124 Amounts due to customers 288 142 269 923 Hedging instruments 1 008 681 Debt securities issued 12 586 10 006 Subordinated liabilities 7 096 5 642 Income tax liabilities - 414 1. Current tax liabilities - 414 2. Deferred tax liabilities - - Provisions 2 336 2 675 Other liabilities 5 638 5 734 TOTAL LIABILITIES 324 943 303 003 Equity Share capital 262 262 Other capital and other components of comprehensive income 26 788 25 901 Retained earnings and net profit for the period 5 920 8 692 TOTAL EQUITY 32 970 34 855 TOTAL LIABILITIES AND EQUITY 357 913 337 858
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12 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 IX. Statement of changes in equity of Bank Pekao S.A. OTHER CAPITAL AND OTHER COMPONENTS OF COMPREHENSIVE INCOME RETAINED EARNINGS AND NET PROFIT FOR THE PERIOD TOTAL EQUITY SHARE CAPITAL TOTAL OTHER CAPITAL AND OTHER COMPONENTS OF COMPREHENSIVE INCOME OTHER CAPITAL OTHER COMPONENTS OF COMPREHENSIVE INCOME SHARE PREMIUM GENERAL BANKING RISK FUND OTHER RESERVE CAPITAL OTHER Equity as at 1.01.2026 262 25 901 9 137 1 983 14 016 233 532 8 692 34 855 Total comprehensive income - (846) - - - - (846) 4 150 3 304 Other components of comprehensive income (net) - (846) - - - - (846) - (846) Net profit - - - - - - - 4 150 4 150 Appropriation of retained earnings - 1 733 - - 1 733 - - (6 922) (5 189) Dividend paid - - - - - - - (5 189) (5 189) Profit appropriation to other reserves - 1 733 - - 1 733 - - (1 733) - Equity as at 30.09.2026 262 26 788 9 137 1 983 15 749 233 (314) 5 920 32 970 OTHER CAPITAL AND OTHER COMPONENTS OF COMPREHENSIVE INCOME RETAINED EARNINGS AND NET PROFIT FOR THE PERIOD TOTAL EQUITY SHARE CAPITAL TOTAL OTHER CAPITAL AND OTHER COMPONENTS OF COMPREHENSIVE INCOME OTHER CAPITAL OTHER COMPONENTS OF COMPREHENSIVE INCOME SHARE PREMIUM GENERAL BANKING RISK FUND OTHER RESERVE CAPITAL OTHER Equity as at 01.01.2025 262 23 059 9 137 1 983 12 424 233 (718) 8 195 31 516 Total comprehensive income - 927 - - - - 927 5 175 6 102 Other components of comprehensive income (net) - 927 - - - - 927 - 927 Net profit for the period - - - - - - - 5 175 5 175 Appropriation of retained earnings - 1 606 - - 1 606 - - (6 425) (4 819) Dividend paid - - - - - - - (4 819) (4 819) Profit appropriation - 1 606 - - 1 606 - - (1 606) - Other - (8) - - (6) - (2) - (8) Result on the sale of investments in equity instruments designated at fair value through other comprehensive income - - - - 2 - (2) - - Acquisition of an organized part of the enterprise of Pekao Direct sp. z o.o. - (8) - - (8) - - - (8) Equity as at 30.09.2025 262 25 584 9 137 1 983 14 024 233 207 6 945 32 791
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13 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 X. Cash flow statement of Bank Pekao S.A. III QUARTER 2026 PERIOD FROM 01.07.2026 TO 30.09.2026 3 QUARTERS 2026 PERIOD FROM 01.01.2026 TO 30.09.2026 III QUARTER 2025 PERIOD FROM 01.07.2025 TO 30.09.2025 RESTATED 3 QUARTERS 2025 PERIOD FROM 01.01.2025 TO 30.09.2025 RESTATED Cash flow from operating activities – indirect method Profit before income tax 2 138 6 337 2 453 6 641 Adjustments for: Depreciation and amortization 190 564 176 523 Gains on subsidiaries - (2) - - (Gains) losses on investing activities (21) (75) (59) (126) Net interest income (3 396) (9 765) (3 317) (9 943) Dividend income (1) (280) (1) (207) Change in: Loans and advances to banks (372) 169 102 (306) Derivative financial instruments (assets) (230) 407 23 32 Loans and advances to customers (8 530) (20 044) (5 288) (14 409) Securities (including assets pledged as security for liabilities) (4 036) 219 1 903 4 725 Other assets (190) 300 32 1 515 Amounts due to banks (1 784) 629 1 112 1 750 Financial liabilities held for trading 117 49 (152) (501) Derivative financial instruments (liabilities) 189 (433) (122) (98) Amounts due to customers 2 951 18 408 (3 421) 1 976 Debt securities issued 27 218 (13) 10 Subordinated liabilities 5 64 61 72 Payments for short-term leases and leases of low- value assets (1) (1) (1) (1) Provisions (179) (339) (206) 125 Other liabilities 235 (296) (1 980) (2 011) Interest received 4 399 12 513 4 609 13 770 Interest paid (972) (2 949) (1 281) (4 055) Income tax paid (756) (2 429) (480) (2 608) Net cash flows from operating activities (10 217) 3 264 (5 850) (3 126) Cash flow from investing activities Investing activity inflows 75 147 315 950 147 828 514 827 Sale of securities measured at amortized cost 15 493 37 356 20 579 108 693 Sale of securities measured at fair value through other comprehensive income 59 630 278 237 127 182 405 823 Sale of intangible assets - - - - Sale property, plant and equipment 23 77 66 104 Dividend received 1 280 1 207 Investing activity outflows (66 040) (307 518) (145 930) (508 843) Acquisition of securities measured at amortised cost (9 254) (42 284) (17 454) (100 666) Acquisition of securities measured at fair value through other comprehensive income (56 452) (264 559) (128 262) (407 733) Acquisition of intangible assets (132) (256) (81) (186) Acquisition of property, plant and equipment (202) (419) (133) (258) Net cash flows from investing activities 9 107 8 432 1 898 5 984
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14 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 III QUARTER 2026 PERIOD FROM 01.07.2026 TO 30.09.2026 3 QUARTERS 2026 PERIOD FROM 01.01.2026 TO 30.09.2026 III QUARTER 2025 PERIOD FROM 01.07.2025 TO 30.09.2025 RESTATED 3 QUARTERS 2025 PERIOD FROM 01.01.2025 TO 30.09.2025 RESTATED Cash flows from financing activities Financing activity inflows 2 161 5 350 2 127 4 987 Issue of debt securities 21 3 210 2 127 4 237 Issue of subordinated liabilities 2 140 2 140 - 750 Financing activity outflows (396) (7 027) (33) (5 669) Repayment of loans and advances received from banks (9) (29) (9) (38) Redemption of debt securities (350) (950) - (750) Redemption of subordinated liabilities - (750) - - Dividends payments - (5 189) - (4 819) Payments for the principal portion of the lease liabilities (37) (109) (24) (62) Net cash flows from financing activities 1 765 (1 677) 2 094 (682) Total net cash flows 655 10 019 (1 858) 2 176 including: effect of exchange rate fluctuations on cash and cash equivalents held 50 126 13 (102) Net change in cash and cash equivalents 655 10 019 (1 858) 2 176 Cash and cash equivalents at the beginning of the period 21 395 12 031 18 279 14 245 Cash and cash equivalents at the end of the period 22 050 22 050 16 421 16 421
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15 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 XI. Notes to the Interim Condensed Consolidated Financial Statements 1. General information Bank Polska Kasa Opieki Spółka Akcyjna (hereafter ‘Bank Pekao S.A.’ or ‘the Bank’), with its headquarters in Poland 01-066, Żubra Street 1 Warsaw, was incorporated on 29 October 1929 in the Commercial Register of the District Court in Warsaw and has been continuously operating since its incorporation. Bank Pekao S.A. is registered in the National Court Registry – Enterprise Registry of the Warsaw District Court, XIII Commercial Division of the National Court Registry in Warsaw under the reference number KRS 0000014843. The Bank’s shares are quoted on the Warsaw Stock Exchange (WSE). Bank Pekao S.A. is a universal commercial bank, offering a broad range of banking services on domestic financial markets, provided to retail and corporate clients, in compliance with the scope of services, set forth in the Bank’s Articles of Association. The Bank runs both PLN and forex operations, and it actively participates in both domestic and foreign financial markets. Moreover, acting through its subsidiaries, the Group provides stockbroking, leasing, factoring operations and offering other financial services. The Bank Pekao S.A. Group’s activities do not show any significant cyclical or seasonal changes. According to IFRS 10 ‘Consolidated financial statements’, the parent entity and the ultimate parent entity of Bank Pekao S.A. is Powszechny Zakład Ubezpieczeń S.A. (hereinafter ‘PZU S.A.’) with its registered office in Warsaw at Rondo Daszyńskiego 4, for which the controlling entity is the State Treasury, which holds 34.1875% of PZU S.A. shares, entitling to 34.1875% of votes at the General Meeting of PZU S.A. Through PZU S.A., the Bank is indirectly controlled by the State Treasury. The Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 contain financial information of the Bank and its subsidiaries (together referred to as the ‘Group’), and the associates accounted for using equity method. The share ownership structure of the Bank is presented in the Note 5. 3 of the Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026. 2. Group structure The Group consists of Bank Pekao S.A. as the parent entity and the following subsidiaries NAME OF ENTITY LOCATION CORE ACTIVITY PERCENTAGE OF THE GROUP’S OWNERSHIP RIGHTS IN SHARE CAPITAL/VOTING 30.09.2026 31.12.2025 Pekao Bank Hipoteczny S.A. Warsaw Banking 100.00 100.00 Pekao Leasing Sp. z o.o. Warsaw Leasing services 100.00 100.00 PeUF Sp. z o.o. Warsaw Financial support 100.00 100.00 Pekao Investment Banking S.A. Warsaw Brokerage 100.00 100.00 Pekao Inwestycje Dłużne Sp. z o.o. Warsaw Financial support 100.00 100.00 Pekao Faktoring Sp. z o.o. Lublin Factoring services 100.00 100.00 Centrum Kart S.A. Warsaw Financial support 100.00 100.00 Pekao Financial Services Sp. z o.o. Warsaw Transferable agent 66.50 66.50 Pekao CoNext Sp. z o.o. (formerly Pekao Direct Sp. z o.o.) Warsaw Body leasing 100.00 100.00 Pekao Property S.A. (in liquidation) (**) Warsaw Real estate development - 100.00 Pekao Fundusz Kapitałowy Sp. z o.o. Warsaw Business consulting 100.00 100.00 Pekao Investment Management S.A. Warsaw Holding 100.00 100.00 Pekao Towarzystwo Funduszy Inwestycyjnych S.A. Warsaw Asset management 100.00 100.00 (*) Since 29 April 2026 Pekao Direct Sp. z o.o operates under the new name Pekao CoNext Sp. z o.o (**) On 28 May 2026 Pekao Property S.A. (in liquidation) was deleted from the register of enterprises of the National Court Register
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16 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Investments in associates NAME OF ENTITY LOCATION CORE ACTIVITY PERCENTAGE OF THE GROUP’S OWNERSHIP RIGHTS IN SHARE CAPITAL/VOTING 30.09.2026 31.12.2025 Krajowy Integrator Płatności S.A. Poznań Monetary brokerage 38.33 38.33 PZU Fundusz Inwestycyjny Zamknięty Private Debt (*) Warsaw Investment activities 29.17 38.72 (*) The Bank has significant influence over PZU Fundusz Inwestycyjny Zamknięty Private Debt through concluded cooperation agreeme nts, including the distribution of investment certificates issued by the Fund. 3. Statement of compliance The Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended 30 September of 20 26 have been prepared in accordance with International Accounting Standard 34 ‘ Interim Financial Reporting’ (IAS 34) as adopted by the European Union and other applicable regulations. These financial statements do not include all information and disclosures required for annual financial statements, and shall be read in conjunction with the consolidated financial statements of Bank Pekao S.A. Group for the year ended 31 December 2025. The consolidated financial statements of Bank Pekao S.A. Group as at and for the year ended 31 December 2025 are available at the Bank’s website www.pekao.com.pl. In accordance with the Decree of the Ministry of Finance dated 6 June 2025 on current and periodic information provided by issuers of securities and the conditions for recognition as equivalent information required by the law of a non -Member State, the Bank is required to publish the financial report for the 9 months period ended 30 September 2026, i.e. current interim period. These interim condensed consolidated financial statements were authorized for issue by the Management Board on 28 October 2026.
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17 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 3.1. New standards, interpretations and amendments to published standards that have been approved and published by the European Union and are effective on or after 1 January 2026 STANDARD / INTERPRETATION DESCRIPTION IMPACT ASSESSMENT IFRS 9 (amendment) ‘Financial instruments’ and IFRS 7 (amendment) ‘Financial instruments: disclosures’ The amendments to IFRS 9 and IFRS 7: • provide an optional exception relating to the derecognition of a financial liability at an earlier date than settlement date, as long as specific conditions are met. This choice applies only to financial liabilities settled via the electronic payment system. An entity that chooses the accounting policy introduced by the above change will be obliged to apply it to all settlements made via the same electronic payment system, • clarify the method of analysis of three areas that are assessed when carrying out the test of the characteristics of contractual cash flows (‘SPPI test’) of financial assets, and thus affect the classification of financial assets, i.e.: ➢ additional guidelines have been introduced on the analysis of contractual terms that may change cash flows based on contingencies (for example interest rates linked to ESG goals), ➢ guidelines regarding ‘non-recourse’ financial assets have been clarified. A financial asset has ‘non -recourse’ characteristics if the lender has the right to receive the cash flows generated exclusively by the specified asset. In such a situation, the borrower is exposed to the operational risk of the assets and not the credit risk of the borrower, ➢ guidelines on contractually linked instruments have been clarified. In some transactions, the issuer may prioritize payments using multiple contractually linked instruments that result in a concentration of credit risk (so-called ‘tranches’). The amendments clarify, among other things, that a key element that distinguishes contractually linked instruments from other ‘non-recourse’ financial assets is the cascading payment structure, which results in a disproportionate allocation of cash shortfalls (losses) between tranches, • introduce new disclosure requirements for: ➢ equity instruments designated for measurement at fair value through other comprehensive income, ➢ financial assets and liabilities measured at amortized cost, the contractual terms of which may change cash flows due to events not directly related to changes in basic credit risk (e.g. change in cash flows due to compliance with ESG standards or not), • for nature-dependent electricity contracts, which are often structured as power purchase agreements: ➢ clarify the application of the ‘own-use’ requirements, ➢ permit hedge accounting if these contracts are used as hedging instruments, and ➢ add new disclosure requirements to enable investors to understand the effect of these contracts on a company’s financial performance and cash flows. The standard’s amendments did not have a material impact on the financial statements in the period of their first application. The Group did not exercise the option of choosing an accounting policy to derecognize financial liabilities at an earlier date th an settlement date. Annual Improvements (Volume 11) The IASB’s Annual improvements are limited to changes that either clarify the text of IFRS standard or correct relatively minor unintended consequences, omissions or conflicts between the requirements in the standards. The changes in the Annual improvements (Volume 11) concern: • IFRS 1 ‘First-time Adoption of International Financial Reporting Standards’ – hedge accounting by a first-time adopter, • IFRS 7 ‘Financial Instruments: Disclosures’: (1) gain or loss on derecognition; (2) disclosure of deferred difference between fair value and transaction price; (3) credit risk disclosures, • IFRS 9 ‘Financial instruments’: (1) lessee derecognition of lease liabilities; (2) transaction price, • IFRS 10 ‘Consolidated financial statements’ - determination of a ‘de facto agent’, • IAS 7 ‘Statement of Cash Flows’ – cost method. The standard’s amendments did not have a material impact on the financial statements in the period of their first application
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18 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 3.2. New standards, interpretations and amendments to published standards that have been issued by the International Accounting Standards Board (IASB) and have been approved by the European Union but are not yet effective STANDARD/ INTERPRETATION DESCRIPTION IMPACT ASSESSMENT IFRS 18 ‘Presentation and Disclosure in Financial Statements' IFRS 18 replaces IAS 1 ‘Presentation of financial statements’. The purpose of the new standard is to improve the comparability and transparency of an entity's communication through financial statements and introduces: • new requirements on presentation within the statement of profit or loss, including specified totals and subtotals. IFRS 18 requires an entity to classify all income and expenses within its statement of profit or loss into one of five categories: operating, investing, financing, income taxes and discontinued operations. The first three categories are new. These categories are complemented by the requirement to present subtotals and totals for ‘operating profit or loss’, ‘profit or loss before financing and i ncome taxes’ and ‘profit or loss’, • the concept of management-defined performance measure (‘MPM’) and defines it as a subtotal of income and expenses that an entity uses in public communications outside financial statements, to communicate management view’s of an aspect of the financial performance of the entity as a whole to users. IFRS 18 requires entities to disclose information about all its MPMs, including: how the measure is calculated, how it provides useful information and a reconciliation to the most comparable subtotal specified by IFRS 18 or another standard, • new requirements for aggregation and disaggregation of financial information based on the identified ‘roles’ of the primary financial statements and the notes. Date of application: annual periods beginning on or after 1 January 2027. The introduction of the new standard will not affect the numerical values presented in the financial statements. However, the method of presentation will change, which is currently being analysed by the Group. 3.3. New standards, interpretations and amendments to published standards that have been published by the International Accounting Standards Board (IASB) and not yet approved by the European Union STANDARD/ INTERPRETATION DESCRIPTION IMPACT ASSESSMENT IFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’ with changes IFRS 19 allows eligible subsidiaries to apply reduced disclosure requirements while still applying the recognition, measurement and presentation requirements in other IFRS accounting standards. This standard may be applied by subsidiaries that: • it does not have public accountability (i.e. its equity or debts instruments are not traded in a public market or it does not hold assets in a fiduciary capacity for a broad group of outsiders), • it has an ultimate or intermediate parent entity that produces consolidated financial statements available for public use that comply with IFRS Accounting Standards. Date of application: annual periods beginning on or after 1 January 2027. This standard does not apply to the Group. IFRS 20 ‘Regulatory assets and regulatory liabilities’ IFRS 20 introduces the principle that an entity should recognize the total remuneration due for regulatory goods or services in the same reporting period in which the entity supplies those regulatory goods or services. IFRS 20 requires entities to include in their financial statements the effects of differences in timing by recognizing regulatory assets and liabilities and the resulting regulatory income and expenses. Date of application: annual periods beginning on or after 1 January 2029. This standard does not apply to the Group. IAS 21 (amendment) ‘The Effects of Changes in Foreign Exchange Rates’ The amendments to IAS 21 clarify how entities should translate financial statements from a non -hyperinflationary currency into a hyperinflationary presentation currency, i.e.:. • when an entity translates amounts from a functional currency that is the currency of a non-hyperinflationary economy to a presentation currency that is the currency of a hyperinflationary economy, the entity translates those amounts, including comparative amounts, using the closing rate at the date of the most recent statement of financial position. • when the entity’s presentation currency ceases to be hyperinflationary and the entity’s functional currency continues to be the currency of a non - hyperinflationary economy, the entity applies prospectively the currently existing IAS 21 requirements for suc h cases, without restating comparative amounts. Date of application: annual periods beginning on or after 1 January 2027. The Group claims that the new standard will not have an impact on the financial statements in the period of its first application.
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19 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 STANDARD/ INTERPRETATION DESCRIPTION IMPACT ASSESSMENT IFRS 28 (amendment) ‘Investments in associates and joint ventures’ Amendments to IAS 28 clarify the scope of the exemption from the equity method investments in associates and joint ventures. In line with these changes, the option to measure associates and joint ventures at fair value is available for entities that have a main business activity of investing in particular types of assets as a specified main business activity in line with IFRS 18. This is not limited to entities that invest in associates or joint ventures as a specified main business activity, but it is available more broadly for entities that invest in any asset as a specified main business activity (as defined under para 49(a) of IFRS 18). Therefore, if an entity invests in assets other than associates or joint ventures as a specified main business activity and also has associates or joint ventures, it can apply the fair value option and measure those associates or joint ventures at fair value through profit or loss. Date of application: annual periods beginning on or after 1 January 2027. The Group claims that the standard’s amendment will not have a material impact on the financial statements in the period of their first application. 3.4. Interest rate benchmark reform Starting from 2022, work has been underway in Poland by the National Working Group for Benchmark Reform (‘NWG’), the aim of which is to prepare a new benchmark and a timetable for its implementation in such a way as to ensure the security of the financial system. Given that the benchmark reform consists of a large number of interrelated elements, it was agreed that the process would be staggered and that the benchmark reform in Poland would be implemented in accordance with the Roadmap adopted by the Steering Committee of the National Working Group. In December 2024, the NWG Steering Committee decided to select the target interest rate benchmark POLSTR, replacing the WIBOR benchmark and based on deposits of unsecured Credit Institutions and Financial Institutions. On 18 May 2026, GPW Benchmark S.A. and the Polish Financial Supervision Authority published announcements on the discontinuation of WIBID and WIBOR interest rate benchmarks for the 1M, 3M and 6M Fixing Dates as of 31 December 2036 and the commencement of the liquidation period. In June 2026: • The Financial Stability Committee adopted a position indicating that there is no need to designate a substitute(s) for the key WIBOR benchmark. The representative of the Minister of Finance informed that in this situation, there is no need to designate substitute(s) by regulation. • The NWG Steering Committee adopted an updated Roadmap for benchmark reform in Poland. In accordance with the plans for the orderly discontinuation of the WIBID and WIBOR benchmarks, it will not be possible to use them in new contracts and financial instruments starting in 2027. The Group participates in the work of the NWG and conducts a project aimed at implementing new interest rate bases in the product offer with the use of the POLSTR indicator. 3.5. The impact of armed conflict in the Middle East on Risk Management The impact of armed conflict in the Middle East on Credit Risk Management In connection with the escalation of the armed conflict in the Middle East region, the Group identifies the following threats in the area of credit risk: • the risk of credit losses related to exposures to entities located in the Middle East region, while the Bank’s exposure in this respect is insignificant and concentrated in entities from Cyprus and Turkey , • the risk that the conflict may translate into a deterioration of economic and credit conditions for the rest of the portfolio (through channel of rising commodity prices, disruptions in economic relations, deterioration of consumer sentiment, etc.).
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20 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 As at 30 September 2026, the Group’s net on-balance-sheet exposure to countries in the Middle East region amounted to PLN 514 million (representing 0.25% of the Bank’s total credit exposure), compared to PLN 286 million as at 31 December 2025 (representing 0.15% of the Bank’s total credit exposure).In the Group’s assessment, if the conflict continues over the coming months and high commodity prices persis t, the following economy sectors would be particularly exposed to increased risk: manufacture of clothing, footwear and textiles, wood and furniture industry, metal industry, manufacture of consumer electronics and household appliances, automotive industry , field crop cultivation, district heating and water and wastewater management, infrastructure construction, wholesale trade in capital goods, road and air transport. As at 30 September 2026, the Group’s net on-balance-sheet exposure to the above-mentioned industries amounted to PLN 11 452 million (representing 5.57% of the Group’s total credit exposure), compared to PLN 10 405 million as at 31 December 2025 (representing 5.49% of the Group’s total credit exposure). It should be noted that more than 40% of the exposure to sectors identified as risk-sensitive consists of leasing receivables as a rule secured by liquid assets, which mitigates the risk generated by this portion of the portfolio. The Group did not introduce any changes to the classification of receivables or to the expected credit loss calculation process in connection with the armed conflict in the Middle East region during the three quarters of 2026. The Group will analyze further developments on an ongoing basis and take appropriate action. The impact of armed conflict in the Middle East on Market Risk Management With regard to market risk, restrictions on the transportation of goods in the Persian Gulf region resulted in significant volatility in energy commodity prices, which, through indirect channels, may materially contribute to economic slowdown and inflationary pressures. As a consequence, in 2026 very large fluctuations in the yields of Treasury Securities and IRS rates were observed, which periodically led to reduced liquidity in PLN fixed income markets. Under these conditions, the Bank’s trading results were more volatile; however, due to a comprehensive system of limits, they remained under control. The impact of armed conflict in the Middle East on Liquidity Risk Management The impact of the conflict on liquidity risk has been very limited so far. The liquidity position of the Bank and the Group remains very strong and safe, as confirmed by the values of internal and regulatory liquidity risk metrics. Similarly, the monitorin g of liquidity indicators under the Recovery Plan as well as liquidity early warning indicators does not show any threats. The Ban k also analyses a number of auxiliary measures in the assessment of the liquidity situation, such as the dynamics and directions of cash flows, changes in cash withdrawals, the dynamics of deposit withdrawals – these also confirm the absence of any material tensions in this area. As a result of an increase in market interest rates following market turmoil, a moderate decline in the market value of the securities portfolio constituting the liquidity buffer was recorded. Apart from this, the Group does not identify any direct impact of the conflict on its liquidity position. 4. Significant accounting policies General information These interim condensed consolidated financial statements have been prepared in Polish Zloty, and all amounts are stated in PLN million, unless indicated otherwise. The financial statements have been prepared on a going concern basis on the assumption that the Group will continue its business operations substantially unchanged in scope for a period of at least one year from the date of approval by the Bank's Management Board of these financial statements for publication, i.e. from 2 8 October 2026. The accounting policies applied by the Group in these interim condensed consolidated financial statements, apart the changes in accounting principles regarding hedge accounting described below, are the same as those applied in the Consolidated Financial Statements of Bank Pekao S.A. Group for the year ended on 31 December 2025. In addition, according to IFRS 34, in the interim condensed consolidated financial statements of Bank Pekao S.A. Group for the 9 months period ended 30 September 2026 the Group has taken into account the principle of recognizing income tax expense based on the best estimate of the weighted average annual income tax rate expected by the Group for the full financial year. Changes in published standards and interpretations, which became effective on or after 1 January 2026, had no material impact on the Group’s financial statements. The financial statements does not take into consideration interpretations and amendments to standards, pending approval by the European Union or approved by the European Union but came into force or shall come into force after the balance sheet date (Note 3.2 and Note 3.3).
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21 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Comparability of financial data In the Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the 9 months period ended 30 September 2026 , the Group made the changes to its accounting policies described below. These policies were applied uniformly to all reporting periods presented (with the exception of the change in accounting policy regarding hedge accounting, which was applied prospectively, as described below) and by all Group entities. Amendment (1): Change in accounting principles for hedge accounting As of 1 April 2026, the Group has decided to apply the accounting principles under IFRS 9 ‘Financial Instruments’ to hedge accounting. The decision applies to all hedging relationships other than those hedging the fair value of a portfolio of finan cial assets or liabilities against interest rate risk, in which the hedged item is determined as a specified amount of the layer of non- sensitive current accounts with a defined hedging horizon, for which the principles of IAS 39 continue to apply. For hedging relationships recognized as of 1 April 2026 in accordance with IFRS 9, the Group applies hedge accounting if: • the hedging relationship includes only eligible hedging instruments and eligible hedged positions , • at the time of establishing the hedging relationship, the hedging relationship was formally identified and documented, as well as the purpose of risk management by the entity and the hedging strategy. This documentation shall specify the hedging instrument, the hedged position, the nature of the hedged risk and how the entity will assess whether the hedging relationship meets the hedging effectiveness requirements, • the hedging relationship meets all of the following hedging performance requirements: ➢ there is an economic relationship between the hedged position and the hedging instrument, ➢ credit risk does not have a predominant impact on the changes in value resulting from this economic relationship, and ➢ the hedging ratio of the hedging relationship is the same as the ratio resulting from the size of the hedged position that the Group actually hedges and the size of the hedging instrument that the Group actually uses to hedge the hedged position. In accordance with IFRS 9, if a hedging relationship ceases to meet the hedge performance requirement for the hedging ratio, but the risk management objective of the designated hedging relationship remains the same, the Group adjusts the hedging ratio of the hedging relationship in such a way that it again meets the eligibility criteria. IFRS 9 also introduces the possibility of applying the approach of recognizing in a separate equity component a part of the valuation of a derivative resulting from the time value of an option, an element of a forward contract or an underlying curre ncy spread, and reclassifying it to profit or loss in periods in which hedged cash flows occur. With respect to hedging relationships existing as at 30 September 2026, the Group did not use the above-mentioned option, but does not rule out exercising it in the future in the event of establishing new hedging relationships, if these parts of the derivative valuation are not designated as part of the hedging relationship. IFRS 9 also allows for the hedging of a group of items, in particular a layered component of a general group of items may be identified as a hedged item if: • it can be separated and reliably measured, • the risk management objective is to hedge the layered component, • the items in the overall group from which the layer is separated are exposed to the same hedged risk, • to hedge existing items, an entity can identify and track the overall group of items within which the hedged layer is defined, • all items in the group that contain prepayment options meet the requirements for nominal amount components. The above change in accounting policies in accordance with the requirements of IFRS 9 was introduced prospectively from 1 April 2026, does not require the restatement of data for comparative periods, and does not result in any one -off charges to the income statement or the Group's equity due to the transition to IFRS 9. The Group applies fair value hedge accounting and cash flow hedge accounting. Fair value hedge accounting Accounting principles for fair value hedge In fair value hedge accounting, financial instruments measured at amortized cost or at fair value through other comprehensive income can be designated as hedged items. Changes in the fair value measurement of these instruments are recognized in the income statement, to the extent resulting from the hedged risk. The remaining changes in the balance sheet valuation are accounted for in accordance with the general principles for the given class of financial instruments. From the inception of a hedging relationship, changes in the fair value measurement of derivative financial instruments designated as hedging instruments in fair value hedge accounting are recorded in the income statement in accordance with the hedged items. In particular, interest accrued on derivative financial instruments hedging the interest-bearing hedged items is presented in net interest income. The remaining changes in the fair value measurement of hedging instruments are presented in the same line item as the results of cha nges in the value of the hedged item attributable to the hedged risk, i.e., in ‘Result on financial instruments measured at fair value through profit or loss and foreign exchange result’.
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22 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 The Group discontinues hedge accounting if the hedging instrument expires, is sold, terminated or exercised (replacing one hedging instrument with another or extending the validity period of a given hedging instrument is not considered to be an expiration or termination if such replacement or extension is part of a documented hedging strategy adopted by the entity), the hedge no longer meets the criteria for hedge accounting or the Group revokes the hedging relationship (applies only to hedging relationships for which the principles arising from IAS 39 continue to be applied). The adjustment for the hedged risk on the interest rate hedged item is amortized to the income statement from the moment hedge accounting is discontinued. Characteristics of fair value hedge accounting As of 1 April 2026, the Group will continue to apply fair value hedge accounting in accordance with the accounting principles arising from IFRS 9 ‘Financial Instruments’ in respect of previously existing hedging relationships: • ‘FVH IRS bonds’ in which the Group uses interest rate swaps (IRS) to hedge exposure to interest rate risk generated by fixed-coupon debt securities denominated in PLN and EUR. The Group designates only the interest rate risk arising from the volatility of forward rates as the hedged component. This component has historically accounted for a significant portion of the changes in the fair value of the hedged item, • ‘FVH IRS Issues’ in which the Group uses interest rate swaps (IRS) to hedge its exposure to interest rate risk arising from fixed-rate bonds issued by the Group and denominated in PLN and EUR. Furthermore, as of 30 September 2026, the Group applies fair value hedge accounting for a portfolio of loans with periodically fixed interest rates, using interest rate swaps (IRS) and options on such contracts. As of 30 September 2026, the Group continues to apply hedge accounting principles consistent with IAS 39 to the following relationships that hedge the fair value of a portfolio of financial assets or liabilities against interest rate risk, in which the hedged item is designated as a specified amount of the layer of non-sensitive current accounts with a defined hedging horizon: • ‘FVH IRS accounts’ in which the Group uses interest rate swaps (IRS) to hedge exposure to interest rate risk generated by current accounts denominated in PLN, EUR, and USD, modeled as insensitive to interest rate changes , • ‘FVH IRS loans’ in which the Group uses interest rate swaps (IRS) to hedge exposure to interest rate risk generated by a portfolio of fixed-rate and periodically fixed-rate loans denominated in PLN, EUR, and USD. Cash flow hedge accounting Accounting principles for cash flow hedges Changes in the fair value measurement of derivative financial instruments designated as cash flow hedging instruments are recognized: • directly to the item ‘Other components of comprehensive income’ in the part constituting effective security, • to the income statement item ‘Result on financial instruments measured at fair value through profit or loss and foreign exchange result’ in the part constituting the ineffective part of the hedge. The amounts recognized in ‘Other components of comprehensive income’ are transferred to the income statement in the period in which the hedged item affects the income statement and are presented in the same lines as the individual components of the hedged item's valuation, i.e. interest income on hedging derivatives in cash flow hedge accounting is presented in the interest margin, and the result on currency revaluation is presented in the foreign exchange result. The Group discontinues hedge accounting when the hedging instrument expires or is sold, when it terminates the hedging relationship, or when the hedge no longer meets the criteria for hedge accounting. In such a case, the cumulative gains or losses on the hedging instrument, initially recognized in ‘Other components of comprehensive income’ if the hedge was effective, continue to be recognized in equity until the forecasted transaction occurs and is recognized in the income statement. If the conclusion of a forecast transaction is not considered probable, the total gains or losses included in ‘Other componen ts of comprehensive income’ are transferred to the income statement for the period. Characteristics of cash flow hedge accounting As of 1 April 2026, the Group continues to apply cash flow hedge accounting in accordance with the accounting principles resulting from IFRS 9 ‘Financial Instruments’ in respect of previously existing hedging relationships: • ‘CFH IRS loans’ in which the Group uses interest rate swaps (IRS) to hedge exposure to interest rate risk related to the volatility of market reference rates (WIBOR, EURIBOR), generated by a portfolio of floating -rate loans and securities denominated in PLN and EUR, • ‘CFH currency swaps’ in which the Group uses currency swaps (FX-Swap) to hedge exposure to currency risk generated by portfolios of EUR-denominated loans, EUR-denominated bonds issued by the Group, and EUR- and USD-denominated term deposits. Due to the transition to IFRS 9, on 1 April 2026 the Group terminated the hedging relationship ‘CFH IRS deposits’, in which i t used interest rate swaps (IRS) to hedge a portfolio of deposits in PLN and EUR, economically constituting a long -term liability with a variable interest rate.
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23 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Amendment (2): Change in the presentation of lease liabilities Following the change introduced In the Consolidated Financial Statements of Bank Pekao S.A. Group for the year ended on 31 December 2025, the Group made the following described changes to lease liabilities. Lease liabilities, previously presented under ‘Amounts due to customers’, are now presented under ‘Other liabilities’. This change was introduced to better reflect the Group's activities and ensure comparability with the banking sector. The change in accounting principles indicated above resulted in the restatement of comparative data, but it had no impact on the balance sheet total. The impact of change on the comparative data of selected items of the consolidated cash flow statement is presented in the table below. CONSOLIDATED CASH FLOW STATEMENT DATA FOR III QUARTER 2025 BEFORE RESTATEMENT CHANGE DATA FOR FOR III QUARTER 2025 AFTER RESTATEMENT Change in: Amounts due to customers (4 086) 701 (3 385) Other liabilities (1 217) (701) (1 918) CONSOLIDATED CASH FLOW STATEMENT DATA FOR 3 QUARTERS 2025 BEFORE RESTATEMENT CHANGE DATA FOR FOR 3 QUARTERS 2025 AFTER RESTATEMENT Change in: Amounts due to customers 1 431 707 2 138 Other liabilities (1 257) (707) (1 964) SEPARATE CASH FLOW STATEMENT DATA FOR III QUARTER 2025 BEFORE RESTATEMENT CHANGE DATA FOR FOR III QUARTER 2025 AFTER RESTATEMENT Change in: Amounts due to customers (4 188) 767 (3 421) Other liabilities (1 213) (767) (1 980) SEPARATE CASH FLOW STATEMENT DATA FOR 3 QUARTERS 2025 BEFORE RESTATEMENT CHANGE DATA FOR FOR 3 QUARTERS 2025 AFTER RESTATEMENT Change in: Amounts due to customers 1 281 695 1 976 Other liabilities (1 316) (695) (2 011) 5. Accounting estimates The preparation of interim financial statements in accordance with IFRS 34 requires the Management Board of the Bank to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expenses. Estimates and assumptions are reviewed on an ongoing basis by the Group and rely on historic data and other factors including expectation of the future events which seems justified in given circumstances. Estimates and underlying assumptions are subject to a regular review. Revisions to accounting estimates are recognised prospectively starting from the period in which the estimates are revised. Information on the areas of significant estimates in these financial statements is presented below. Expected credit losses With regard to all financial assets that are measured at amortised cost or at fair value through other comprehensive income and off-balance sheet liabilities, i.e. financial guarantees or loan commitments, the Group creates the allowance according to IFRS 9 based on the expected credit losses and taking into account forecasts and expected future economic conditions in the context of credit risk. The process of estimating expected credit losses requires the use of significant estimates, in particular in the area of: 1) assumptions regarding macroeconomic forecasts and possible scenarios, 2) rules (thresholds) for identifying a significant increase in credit risk.
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24 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Impairment of non-current assets (including goodwill) At each balance sheet date the Group reviews its non -current assets for indications of impairment. The Group performs an impairment test of goodwill on a yearly basis or more often if impairment triggers occur. Where such indications exist, the Group makes an estimation of the recoverable value (of a given assets or – in the case of goodwill - all cash-generating units to which the goodwill relates). If the carrying amount of a given asset is in excess of its recoverable value, impairment is defined and a write -down is recorded to adjust the carrying amount to the level of its recoverable value. The recoverable amount of an asset or a cash-generating unit is the higher of its fair value less costs to sell and its value-in-use. Estimation of the value-in-use of an assets (or cash generating unit) requires assumptions to be made regarding, among other, future cash flows which the Group may obtain from the given asset (or cash generating unit), any changes in amount or timing of occurrence of these cash flows and other factors such as the lack of li quidity. The adoption of different measurement assumptions may affect the carrying amount of some of the Group’s non-current assets. As at 30 September 2026, the Group assessed whether the current market conditions have an impact on the impairment of non-current assets. As a result of this analysis, no need was found to make impairment allowances of non -current assets, including goodwill. Provisions for legal risk regarding foreign currency mortgage loans in CHF At each balance sheet date, the Group estimates the amount of possible loss resulting from the legal risk related to foreign currency mortgage loans in CHF, and in the case of loans outstanding as at the balance sheet date, the estimate of this loss is an element of the gross carrying amount of the loan determined by the Group, and the possible excess of the estimated loss over the gross carrying amount is presented similarly to the provision determined for repaid loans, i.e. in accordance with I AS 37 as part of the item 'Provisions'. Key elements of the estimate for active and repaid loans include: 1) a forecast of the total volume of disputed cases for active and repaid portfolio , 2) expected financial effects of court judgments, including expected duration of disputes, 3) inclusion of the settlement program with borrowers. Details on the main assumptions used to estimate the provisions for legal risk regarding foreign currency mortgage loans in CHF and the sensitivity analysis in relation to the significant assumptions of the provision calculation are presented in the Note 26. Estimated change in consumer loan cash flows resulting from the CJEU ruling On April 23, 2026, the Court of Justice of the European Union (‘CJEU’) issued a judgment in Case C -744/24 concerning a consumer loan granted by the Bank (‘CJEU judgment’). In this judgment, the CJEU ruled that banks cannot charge interest on amounts intended to cover non-interest costs of a consumer loan. Therefore, as of September 30, 2026, the Group estimated the change in expected future cash flows related to the consumer loan portfolio and recognized the effect of these estimates in the income statement (details in Note 7). The Group's estimate required making assumptions based on professional judgment, particularly regarding the expected probabilities of reductions in the collected interest attributable to non-interest costs of consumer loans Due to the lack of uniform interpretations of the CJEU judgment, further rulings and possible sector -specific solutions may appear in this area in the future, which may require changes to the Group's estimates. Measurement of derivatives, unquoted debt securities measured at fair value through other comprehensive income and loans and advances to customers measured at fair value through other comprehensive income and measured at fair value through profit or loss The fair value of non-option derivatives, debt securities measured at fair value through other comprehensive income and loans and advances to customers measured at fair value through other comprehensive income and measured at fair value through profit or loss that do not have a quoted market price on an active market is measured using valuation models based on discounted cash flows. Options are valued using option valuation models. Variables used for valuation purposes include, where possible, the data from ob servable markets. However, the Group also adopts assumptions concerning counterparty’s credit risks which affect the valuation of instruments. The adoption of other measurement assumptions may affect the valuation of these financial instruments. Additional information on fair value measurement is presented in Note 28.
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25 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 6. Operating segments Data reported in the section stem from the application of the management model (‘Model’) used to prepare reports for the Bank's Management Board in which the main criterion for segmentation is the classification of customers based on their profile and service model. Reporting and monitoring of results, for managerial purposes, include all components of the income statement up to the gross profit level, which is the main measure for assessing the segments’ activities by the Bank’s Management Board . Therefore, the income from the segment’s activities as well as operating costs related to those activities (including direct and allocat ed costs in line with the allocation model applied) and other components of income statement are attached to each segm ent. The cost allocation model used by the Bank involves the settlement of mutual services between business segments and the allocation of business support and management costs based on established keys. Allocated costs are included in individual business segments under the category ‘Other administrative costs and depreciation (including allocation of operating costs)’. The Group settles transactions between segments on an arm’s length basis by applying current market prices. Fund transfers between retail, private, corporate and investment banking segments, and the assets and liabilities management and other area are based on market prices applicable to the funds’ currency and maturity, including liquidity margins. Operating segments The operating segments of the Group are as follows: • Retail and Private banking – all banking activities related to individual customers and micro companies with an annual turnover not exceeding EUR 2 million, using simplified accounting, as well as results of the subsidiaries, and shares in net profit of associates accounted for using the equity method, that are assigned to the retail banking activity, • Corporate and Investment banking – all banking activities related to large companies and results of the subsidiaries that are assigned to the Corporate and Investment banking activity, • Enterprise banking - full scope of banking activities concerning servicing small and medium-sized companies with annual turnover of up to PLN 500 million in the case of single enterprises and PLN 700 million in the case of capital groups and micro companies using full accounting, • Assets and Liabilities management and other – supervision and monitoring of fund transfers, interbank market, debt securities and other instruments, other activities centrally managed as well as the results of subsidiaries and share in net profit of associates accounted for using the equity method that are not assigned to other reported segments .
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26 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Operating segments reporting for the period from 1 July to 30 September 2026 RETAIL & PRIVATE BANKING CORPORATE AND INVESTMENT BANKING ENTERPRISE BANKING ASSETS & LIABILITIES MANAGEMENT AND OTHER TOTAL External interest income 1 587 1 216 467 1 388 4 658 External interest expenses (330) (424) (135) (244) (1 133) Net external interest income 1 257 792 332 1 144 3 525 Internal interest income 1 773 755 421 (2 949) - Internal interest expenses (1 103) (949) (337) 2 389 - Net internal interest income 670 (194) 84 (560) - Total net interest income 1 927 598 416 584 3 525 Fee and commission income and expense 410 217 213 13 853 Other non-interest income (3) 58 19 (151) (77) Operating income of reportable segments 2 334 873 648 446 4 301 Personnel expenses (342) (117) (85) (302) (846) Other administrative expenses and depreciation (including allocation of operating costs) (634) (114) (161) 288 (621) Operating costs (976) (231) (246) (14) (1 467) Gross operating profit 1 358 642 402 432 2 834 Net allowances for expected credit losses (25) (167) (140) - (332) Costs of legal risk of foreign currency mortgage loans 9 - - - 9 Net operating profit 1 342 475 262 432 2 511 Contributions to the Bank Guarantee Fund (37) (32) (15) 84 - Tax on certain financial institutions (102) (85) (40) 1 (226) Share of profit of associates - 1 - - 1 Profit before tax 1 203 359 207 517 2 286 Income tax expense (769) Net profit 1 517 Attributable to equity holders of the Bank 1 516 Attributable to non-controlling interest 1 Allocated assets 99 135 102 671 37 250 130 302 369 358 Unallocated assets 2 939 Total assets 372 297 Allocated liabilities 183 674 80 793 48 311 25 920 338 698 Unallocated liabilities - Total liabilities 338 698
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27 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Operating segments reporting for the period from 1 January to 30 September 2026 RETAIL & PRIVATE BANKING CORPORATE AND INVESTMENT BANKING ENTERPRISE BANKING ASSETS & LIABILITIES MANAGEMENT AND OTHER TOTAL External interest income 4 626 3 494 1 332 4 052 13 504 External interest expenses (1 097) (1 236) (359) (673) (3 365) Net external interest income 3 529 2 258 973 3 379 10 139 Internal interest income 5 225 2 156 1 184 (8 565) - Internal interest expenses (3 281) (2 671) (957) 6 909 - Net internal interest income 1 944 (515) 227 (1 656) - Total net interest income 5 473 1 743 1 200 1 723 10 139 Fee and commission income and expense 1 225 669 627 (7) 2 514 Other non-interest income (48) 266 61 (90) 189 Operating income of reportable segments 6 650 2 678 1 888 1 626 12 842 Personnel expenses (1 013) (341) (254) (947) (2 555) Other administrative expenses and depreciation (including allocation of operating costs) (1 871) (347) (468) 871 (1 815) Operating costs (2 884) (688) (722) (76) (4 370) Gross operating profit 3 766 1 990 1 166 1 550 8 472 Net allowances for expected credit losses (78) (256) (440) 5 (769) Costs of legal risk of foreign currency mortgage loans (80) - - - (80) Net operating profit 3 608 1 734 726 1 555 7 623 Contributions to the Bank Guarantee Fund (112) (89) (42) (174) (417) Tax on certain financial institutions (299) (247) (114) (9) (669) Share of profit of associates - 4 - 4 8 Profit before tax 3 197 1 402 570 1 376 6 545 Income tax expense (2 278) Net profit 4 267 Attributable to equity holders of the Bank 4 264 Attributable to non-controlling interest 3 Allocated assets 99 135 102 671 37 250 130 302 369 358 Unallocated assets 2 939 Total assets 372 297 Allocated liabilities 183 674 80 793 48 311 25 920 338 698 Unallocated liabilities - Total liabilities 338 698
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28 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Operating segments reporting for the period from 1 July to 30 September 2025 RETAIL & PRIVATE BANKING CORPORATE AND INVESTMENT BANKING ENTERPRISE BANKING ASSETS & LIABILITIES MANAGEMENT AND OTHER TOTAL External interest income 1 767 1 239 489 1 303 4 798 External interest expenses (539) (515) (124) (190) (1 368) Net external interest income 1 228 724 365 1 113 3 430 Internal interest income 2 080 820 440 (3 340) - Internal interest expenses (1 246) (928) (359) 2 533 - Net internal interest income 834 (108) 81 (807) - Total net interest income 2 062 616 446 306 3 430 Fee and commission income and expense 384 203 195 (15) 767 Other non-interest income (13) 94 16 15 112 Operating income of reportable segments 2 433 913 657 306 4 309 Personnel expenses (341) (108) (82) (274) (805) Other administrative expenses and depreciation (including allocation of operating costs) (599) (85) (129) 256 (557) Operating costs (940) (193) (211) (18) (1 362) Gross operating profit 1 493 720 446 288 2 947 Net allowances for expected credit losses (26) (167) (24) (23) (240) Costs of legal risk of foreign currency mortgage loans (18) - - - (18) Net operating profit 1 449 553 422 265 2 689 Contributions to the Bank Guarantee Fund (35) (26) (13) 49 (25) Tax on certain financial institutions (97) (73) (35) (8) (213) Share of loss of associates - - - (1) (1) Profit before tax 1 317 454 374 305 2 450 Income tax expense (544) Net profit 1 906 Attributable to equity holders of the Bank 1 905 Attributable to non-controlling interest 1 Allocated assets 93 899 94 510 32 814 114 447 335 670 Unallocated assets 2 554 Total assets 338 224 Allocated liabilities 170 479 70 330 41 104 22 789 304 702 Unallocated liabilities 306 Total liabilities 305 008
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29 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Operating segments reporting for the period from 1 January to 30 September 2025 RETAIL & PRIVATE BANKING CORPORATE AND INVESTMENT BANKING ENTERPRISE BANKING ASSETS & LIABILITIES MANAGEMENT AND OTHER TOTAL External interest income 5 423 3 818 1 480 3 897 14 618 External interest expenses (1 798) (1 613) (392) (525) (4 328) Net external interest income 3 625 2 205 1 088 3 372 10 290 Internal interest income 6 336 2 601 1 415 (10 352) - Internal interest expenses (3 866) (2 896) (1 117) 7 879 - Net internal interest income 2 470 (295) 298 (2 473) - Total net interest income 6 095 1 910 1 386 899 10 290 Fee and commission income and expense 1 135 599 567 (37) 2 264 Other non-interest income (133) 309 59 21 256 Operating income of reportable segments 7 097 2 818 2 012 883 12 810 Personnel expenses (1 037) (319) (244) (837) (2 437) Other administrative expenses and depreciation (including allocation of operating costs) (1 753) (264) (385) 772 (1 630) Operating costs (2 790) (583) (629) (65) (4 067) Gross operating profit 4 307 2 235 1 383 818 8 743 Net allowances for expected credit losses (73) (251) (269) (31) (624) Costs of legal risk of foreign currency mortgage loans (376) - - - (376) Net operating profit 3 858 1 984 1 114 787 7 743 Contributions to the Bank Guarantee Fund (106) (75) (37) (140) (358) Tax on certain financial institutions (285) (211) (100) (48) (644) Share of loss of associates - - - (5) (5) Profit before tax 3 467 1 698 977 594 6 736 Income tax expense (1 542) Net profit 5 194 Attributable to equity holders of the Bank 5 191 Attributable to non-controlling interest 3 Allocated assets 93 899 94 510 32 814 114 447 335 670 Unallocated assets 2 554 Total assets 338 224 Allocated liabilities 170 479 70 330 41 104 22 789 304 702 Unallocated liabilities 306 Total liabilities 305 008 Reconciliations of operating income for reportable segments III QUARTER 2026 3 QUARTERS 2026 III QUARTER 2025 3 QUARTERS 2025 Net interest income 3 525 10 139 3 430 10 290 Net fee and commission income 853 2 514 767 2 264 Dividend income 2 38 - 33 Result on financial assets and liabilities measured at fair value through profit or loss and foreign exchange result (99) 163 89 265 Result from derecognition of financial assets and financial liabilities not measured at fair value through profit or loss (3) 23 12 57 Other operating income 47 117 62 142 Other operating expenses (24) (152) (51) (241) Operating income for reportable segments 4 301 12 842 4 309 12 810
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30 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 7. Interest income and expense Interest income and similar to interest III QUARTER 2026 3 QUARTERS 2026 III QUARTER 2025 3 QUARTERS 2025 Interbank placements 115 337 142 461 Loans and advances and other receivables from customers 2 794 8 053 2 897 8 774 measured at amortised cost (**) 2 783 8 019 2 887 8 739 measured at fair value through other comprehensive income 2 8 3 12 measured at fair value through profit or loss 9 26 7 23 Receivables from financial leases 193 559 193 601 Debt securities 1 436 4 247 1 454 4 405 measured at amortised cost 1 202 3 517 1 192 3 524 measured at fair value through other comprehensive income 221 690 253 849 measured at fair value through profit or loss 13 40 9 32 Reverse repo transactions 120 308 112 377 Total (*) 4 658 13 504 4 798 14 618 (*) Including revenues from hedging derivative instruments in the amounts respectively, minus PLN 2 million for III quarter 2026 (minus PLN 90 million for III quarter 2025) and minus PLN 12 million for 3 quarters 2026 (minus PLN 360 million for 3 quarters 2025). (**) In this the amount of PLN 108 million concerning estimated changes in expected future cash flows of consumer loans resulting from the CJEU judgment and recognized as a reduction of interest income (details in Note 5). Interest income and similar to interest III QUARTER 2026 3 QUARTERS 2026 III QUARTER 2025 3 QUARTERS 2025 Interest income calculated using the effective interest method on financial instruments valued: 4 443 12 879 4 589 13 962 measured at amortised cost (**) 4 220 12 181 4 333 13 101 measured at fair value through other comprehensive income 223 698 256 861 Income similar to interest 215 625 209 656 Total (*) 4 658 13 504 4 798 14 618 (*) Including revenues from hedging derivative instruments in the amounts respectively, minus PLN 2 million for III quarter 2026 (minus PLN 90 million for III quarter 2025) and minus PLN 12 million for 3 quarters 2026 (minus PLN 360 million for 3 quarters 2025). (**) In this the amount of PLN 108 million concerning estimated changes in expected future cash flows of consumer loans resulting from the CJEU judgment and recognized as a reduction of interest income (details in Note 5). Interest expense III QUARTER 2026 3 QUARTERS 2026 III QUARTER 2025 3 QUARTERS 2025 Deposits from customers (696) (2 168) (963) (3 134) Interbank deposits (16) (42) (20) (53) Repo transactions (68) (161) (58) (157) Loans and advances received (25) (75) (38) (140) Leasing (7) (20) (8) (22) Debt securities (321) (899) (281) (822) Total (*) (1 133) (3 365) (1 368) (4 328) (*) Including the expenses from hedging derivative instruments in the amounts respectively, minus PLN 4 million on III quarter 2026 (plus PLN 5 million for III quarter 2025) and minus PLN 32 million for 3 quarters 2026 (plus PLN 34 million for 3 quarters 2025).
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31 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 8. Fee and commission income and expense Fee and commission income III QUARTER 2026 3 QUARTERS 2026 III QUARTER 2025 3 QUARTERS 2025 Accounts maintenance, payment orders and cash transactions 163 505 159 462 Payment cards 248 713 244 681 Loans and advances 155 415 112 352 Margin on foreign exchange transactions with clients 205 589 187 554 Service and sell investment and insurance products 217 616 183 514 Securities operations 55 178 48 170 Custody activity 32 89 25 69 Guarantees, letters of credit and similar transactions 24 71 24 63 Other 26 93 34 92 Total 1 125 3 269 1 016 2 957 Fee and commission expense III QUARTER 2026 3 QUARTERS 2026 III QUARTER 2025 3 QUARTERS 2025 Payment cards (156) (446) (159) (436) Cash turnover (27) (73) (27) (75) Money orders and transfers (7) (20) (5) (17) Securities and derivatives operations (12) (39) (11) (34) Acquisition services (32) (80) (22) (55) Custody activity (12) (33) (9) (25) Accounts maintenance (2) (6) (2) (6) Other (24) (58) (14) (45) Total (272) (755) (249) (693) 9. Result on financial assets and liabilities measured at fair value through profit or loss and foreign exchange result III QUARTER 2026 3 QUARTERS 2026 III QUARTER 2025 3 QUARTERS 2025 Result on loans and advances to customers measured mandatorily at fair value through profit or loss 7 6 (1) (29) Result on securities measured mandatorily at fair value through profit or loss 13 7 (7) 26 Foreign exchange result 46 143 65 193 Result on derivatives (144) 4 12 19 Result on securities held for trading (6) 11 20 56 Result on fair value hedge accounting (15) (8) - - Total (99) 163 89 265
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32 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 10. Net allowances for expected credit losses III QUARTER 2026 3 QUARTERS 2026 III QUARTER 2025 3 QUARTERS 2025 Receivables from banks and cash and cash equivalents - (5) 1 (2) Loans and advances to customers measured at amortized cost (*) (285) (669) (345) (713) Debt securities measured at amortised cost (1) (5) 6 (5) Loans and advances measured at fair value through other comprehensive income (37) (76) - (9) Debt securities measured at fair value through other comprehensive income (1) (7) - (4) Receivables from financial leases (18) (46) (12) (38) Off-balance sheet commitments 10 39 110 147 Total (332) (769) (240) (624) (*) In 2026 the Group sold a portfolio of loan receivables with a total gross carrying amount of PLN 123 million (the conditions for derecognizing these receivables were met). The realized result on the transaction decreasing the costs of allowances for expected credit losses was PLN 38 million. 11. Other operating income and expenses Other operating income III QUARTER 2026 3 QUARTERS 2026 III QUARTER 2025 3 QUARTERS 2025 Gains on disposal of property, plant and equipment 19 48 42 66 Premises rental income, terminals and IT equipment 6 18 6 18 Operating leasing net income 1 1 (1) 1 Compensation, recoveries, penalty fees and fines received 4 13 3 11 Miscellaneous income 6 20 3 12 Net revenues from sale of products, goods and services - - 2 5 Other 11 17 7 29 Total 47 117 62 142 Other operating expenses III QUARTER 2026 3 QUARTERS 2026 III QUARTER 2025 3 QUARTERS 2025 Provision for liabilities disputable and other provisions (*) (1) (38) (5) (98) Credit and factoring debt collection costs (5) (17) (9) (23) Card transactions monitoring costs (3) (11) (7) (18) Costs of pursuing disputed receivables and complaints (5) (35) (13) (52) Impairment allowance on fixed assets, litigations and other assets (1) (16) (10) (12) Other (9) (35) (7) (38) Total (24) (152) (51) (241) (*) The value for 3 quarters 2026 includes the costs of provisions for the Office of Competition and Consumer Protection proceedings, described in Note 24, in the amount of PLN 30.1 million.
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33 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 12. General administrative expenses and depreciation Personnel expenses III QUARTER 2026 3 QUARTERS 2026 III QUARTER 2025 3 QUARTERS 2025 Wages and salaries, including: (696) (2 119) (665) (2 030) cost of contributions to Employee Capital Plans (7) (22) (6) (20) Insurance and other charges related to employees, including: (139) (412) (134) (389) salary surcharges (114) (342) (110) (325) Share-based payments expenses (11) (24) (6) (18) Total (846) (2 555) (805) (2 437) Other administrative expenses III QUARTER 2026 3 QUARTERS 2026 III QUARTER 2025 3 QUARTERS 2025 Overheads, including: (405) (1 135) (352) (982) IT and telecommunications expenses (164) (465) (137) (387) property maintenance and service expenses (62) (183) (56) (176) advertising and marketing expenses (60) (155) (54) (136) consulting services and information sharing expenses (49) (130) (42) (112) Tax on certain financial institutions (226) (669) (213) (644) Contributions to the Bank Guarantee Fund: - (417) (25) (358) to the resolution fund - (417) - (281) to the bank's guarantee fund - - (25) (77) Fees to cover costs of supervision over banks (KNF) (2) (43) (3) (46) Other taxes and fees (12) (39) (13) (41) Total (645) (2 303) (606) (2 071) Depreciation III QUARTER 2026 3 QUARTERS 2026 III QUARTER 2025 3 QUARTERS 2025 Property, plant and equipment (101) (296) (86) (262) Intangible assets (101) (302) (103) (299) Total (202) (598) (189) (561) Total administrative expenses and depreciation (1 693) (5 456) (1 600) (5 069)
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34 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 13. Income tax III QUARTER 2026 3 QUARTERS 2026 III QUARTER 2025 3 QUARTERS 2025 INCOME STATEMENT Current tax charge in the income statement (489) (2 003) (635) (1 691) Adjustments related to the current tax from previous years - 1 - (8) Other taxes (e.g. withholding tax) - (2) (1) (2) Current tax (489) (2 004) (636) (1 701) Occurrence and reversal of temporary differences (280) (274) 92 159 Deferred tax (280) (274) 92 159 Tax charge in the consolidated income statement (769) (2 278) (544) (1 542) OTHER COMPREHENSIVE INCOME Current tax - - - - Income and costs disclosed in other comprehensive income: revaluation of financial instruments – cash flows hedges 155 161 (21) (142) fair value revaluation through other comprehensive income 77 61 (12) (55) Tax on items that are or may be reclassified subsequently to profit or loss 232 222 (33) (197) Fair value revaluation through other comprehensive income – equity securities 7 16 (3) (21) Remeasurements the defined benefit liabilities - - - 1 Tax charge on items that will never be reclassified to profit or loss 7 16 (3) (20) Deferred tax 239 238 (36) (217) TOTAL CHARGE (530) (2 040) (580) (1 759) 14. Dividends On 28 May 2026, the Ordinary General Meeting of Bank Pekao S.A. adopted a resolution on the distribution of the Bank's net profit for 2025 in the amount of PLN 6 922 million. The amount of PLN 5 189 million was allocated for dividend to shareholders, and the amount of PLN 1 733 million to the reserve capital. The dividend amount per share was PLN 19.77. The dividend record date was 15 June 2026, and the dividend payment date was 29 June 2026. 15. Cash and cash equivalents 30.09.2026 31.12.2025 Cash 4 027 4 581 Current account and deposits at Central Bank 15 838 6 404 Amounts due from banks with a maturity of up to 3 months 1 946 1 035 Gross carrying amount 21 811 12 020 Allowances for expected credit losses (9) (4) Carrying amount 21 802 12 016 In the period from 14 September 2026 to 11 October 2026, the Bank is obliged to maintain an average mandatory reserve of PLN 9 898 million (in the period from 8 December 2025 to 11 January 2026 PLN 9 117 million). As at 30 September 2026 the interest rate of funds held on the mandatory reserve account is at 3.75% (as at 31 December 2025 – 4.00%).
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35 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 16. Loans and advances to banks Loans and advances to banks by product type 30.09.2026 31.12.2025 Interbank placements 55 95 Loans and advances 272 242 Other - 164 Gross carrying amount 327 501 Allowances for expected credit losses (1) - Carrying amount 326 501 17. Derivative financial instruments (held for trading) Fair value of trading derivatives 30.09.2026 ASSETS LIABILITIES Interest rate transactions Interest Rate Swaps (IRS) 3 525 3 490 Forward Rate Agreements (FRA) 37 27 options 29 109 other - - Foreign currency and gold transactions Cross-Currency Interest Rate Swaps (CIRS) 47 155 Currency Forward Agreements 151 159 Currency Swaps (FX-Swap) 231 202 Options for currency and gold 16 13 Transactions based on equity securities and stock indexes options - - other - - Transactions based on commodities and precious metals options 31 28 swaps 540 489 Total 4 607 4 672 31.12.2025 ASSETS LIABILITIES Interest rate transactions Interest Rate Swaps (IRS) 4 064 4 141 Forward Rate Agreements (FRA) 62 58 options 17 21 other - - Foreign currency and gold transactions Cross-Currency Interest Rate Swaps (CIRS) 35 151 Currency Forward Agreements 161 129 Currency Swaps (FX-Swap) 140 123 Options for currency and gold 14 29 Transactions based on equity securities and stock indexes options - - other - - Transactions based on commodities and precious metals options 9 9 swaps 499 463 Total 5 001 5 124
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36 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 18. Loans and advances to customers (including receivables from finance leases) Loans and advances to customers by product type 30.09.2026 MEASURED AT AMORTISED COST MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS RECEIVABLES FROM FINANCE LEASES TOTAL Mortgage loans (***) 92 921 - 2 - 92 923 Current accounts 18 212 - - - 18 212 Operating loans 14 947 64 - - 15 011 Investment loans 27 085 19 1 - 27 105 Cash loans 20 582 - - - 20 582 Payment cards receivables 1 428 - - - 1 428 Financial leasing - - - 14 117 14 117 Factoring 10 131 - - - 10 131 Other loans and advances 5 764 - 556 - 6 320 Reverse repo transactions 6 166 - - - 6 166 Gross carrying amount/Fair value (*) 197 236 83 559 14 117 211 995 Allowances for expected credit losses (**) (6 606) - - (271) (6 877) Carrying amount 190 630 83 559 13 846 205 118 (*) Fair value applies to loans and advances to customers measured at fair value through other comprehensive income and at fair v alue through profit or loss. (**) The allowances for expected credit losses for loans and advances to customers measured at fair value through other comprehensive income in the amount of PLN 114 million is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount of the loan. (***) In this the adjustment of the gross carrying amount regarding the legal risk of foreign currency mortgage loans in the amount of PLN 554 million described in the Note 26. 31.12.2025 MEASURED AT AMORTISED COST MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS RECEIVABLES FROM FINANCE LEASES TOTAL Mortgage loans (***) (****) 88 043 - 3 - 88 046 Current accounts 16 847 - - - 16 847 Operating loans (****) 14 074 111 - - 14 185 Investment loans (****) 26 181 32 2 - 26 215 Cash loans 17 532 - - - 17 532 Payment cards receivables 1 358 - - - 1 358 Financial leasing - - - 12 921 12 921 Factoring 9 398 - - - 9 398 Other loans and advances 3 547 - 460 - 4 007 Reverse repo transactions 4 715 - - - 4 715 Gross carrying amount/Fair value (*) 181 695 143 465 12 921 195 224 Allowances for expected credit losses (**) (6 131) - - (225) (6 356) Carrying amount 175 564 143 465 12 696 188 868 (*) Fair value applies to loans and advances to customers measured at fair value through other comprehensive income and at fair v alue through profit or loss. (**) The allowances for expected credit losses for loans and advances to customers measured at fair value through other comprehens ive income in the amount of PLN 36 million is included in the item ‘Other components of comprehensive income’. (***) In this the adjustment of the gross carrying amount regarding the legal risk of foreign currency mortgage loans in the amount of PLN 816 million described in the Note 26. (****) Change in the presentation of loans measured at amortized cost due to the purpose of financing.
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37 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Loans and advances to customers by customer type 30.09.2026 MEASURED AT AMORTISED COST MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS RECEIVABLES FROM FINANCE LEASES TOTAL Corporate 102 140 83 4 14 117 116 344 Individuals (***) 91 831 - 555 - 92 386 Budget entities 3 265 - - - 3 265 Gross carrying amount/Fair value (*) 197 236 83 559 14 117 211 995 Allowances for expected credit losses (**) (6 606) - - (271) (6 877) Carrying amount 190 630 83 559 13 846 205 118 (*) Fair value applies to loans and advances to customers measured at fair value through other comprehensive income and at fair v alue through profit or loss. (**) The allowances for expected credit losses and advances to customers measured at fair value through other comprehensive income in the amount of PLN 114 million is included in the item ‘Other components of comprehensive income’. (***) In this the adjustment of the gross carrying amount regarding the legal risk of foreign currency mortgage loans in the amount of PLN 554 million described in the Note 26. 31.12.2025 MEASURED AT AMORTISED COST MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS RECEIVABLES FROM FINANCE LEASES TOTAL Corporate 91 655 143 5 12 921 104 724 Individuals (***) 88 078 - 460 - 88 538 Budget entities 1 962 - - - 1 962 Gross carrying amount/Fair value (*) 181 695 143 465 12 921 195 224 Allowances for expected credit losses (**) (6 131) - - (225) (6 356) Carrying amount 175 564 143 465 12 696 188 868 (*) Fair value applies to loans and advances to customers measured at fair value through other comprehensive income and at fair v alue through profit or loss. (**) The allowances for expected credit losses and advances to customers measured at fair value through other comprehensive income in the amount of PLN 36 million is included in the item ‘Other components of comprehensive income’. (***) In this the adjustment of the gross carrying amount regarding the legal risk of foreign currency mortgage loans in the amount of PLN 816 million described in the Note 26.
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38 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 The tables below present the changes in allowances for expected credit losses and gross carrying amount of loans and advances to customers. TOTAL LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL STAGE 1 (12M ECL) STAGE 3 (LIFETIME ECL - NOT CREDIT- IMPAIRED) TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT INDIVIDUAL ASSESSMENT GROSS CARRYING AMOUNT GROSS CARRYING AMOUNT AS AT 1.01.2026 167 553 17 925 4 454 3 622 1 062 194 616 - 143 143 Transfer to Stage 1 4 175 (4 036) (45) (94) - - - - - Transfer to Stage 2 (10 444) 10 538 (15) (79) - - - - - Transfer to Stage 3 (1 099) (1 077) 1 182 994 - - - - - New / purchased / granted financial assets 70 620 - - - 168 70 788 - - - Financial assets derecognised, other than write-offs (repayments) (49 262) (4 282) (597) (615) (432) (55 188) - (41) (41) Financial assets written off (*) - - (597) (281) (8) (886) - - - Modifications not resulting in derecognition (6) - - - - (6) - - - Legal risk costs for mortgage loans in CHF 1 213 - 42 5 261 - - - Other, in this changes resulting from exchange rates 913 (99) 577 133 244 1 768 - (19) (19) GROSS CARRYING AMOUNT AS AT 30.09.2026 182 451 19 182 4 959 3 722 1 039 211 353 - 83 83 ALLOWANCES FOR EXPECTED CREDIT LOSSES (**) ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 1.01.2026 721 788 2 503 2 225 119 6 356 - 36 36 Changes in balances included in the income statement (table in the Note 10) 81 146 417 89 (18) 715 - 76 76 New / purchased / granted financial assets 529 - - - 112 641 - - - Financial assets derecognised, other than write-offs (repayments) (176) (110) (9) (136) (45) (476) - - - Changes in level of credit risk (272) 256 426 225 (85) 550 - 76 76 Transfer to Stage 1 175 (164) - (11) - - - - - Transfer to Stage 2 (102) 132 - (30) - - - - - Transfer to Stage 3 (127) (117) 124 120 - - - - - Financial assets written off (*) - - (597) (281) (8) (886) - - - Other, in this changes resulting from exchange rates 10 16 249 211 206 692 - 2 2 ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 30.09.2026 758 801 2 696 2 323 299 6 877 - 114 114 (*) Including the value receivables subject to partial write-off in the amount of PLN 832 million. (**) The allowances for expected credit losses for loans and advances to customers measured at fair value through other comprehens ive income is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount of the loan. The total value of undiscounted expected credit losses at the time of initial recognition of financial assets purchased or originated credit impaired in the period ended 30 September 2026 amounted to PLN 108 million.
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39 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 TOTAL LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT INDIVIDUAL ASSESSMENT GROSS CARRYING AMOUNT GROSS CARRYING AMOUNT AS AT 1.01.2025 152 945 18 904 3 584 3 914 969 180 316 247 - 247 Transfer to Stage 1 6 677 (6 531) (31) (115) - - - - - Transfer to Stage 2 (10 503) 10 646 (30) (113) - - - - - Transfer to Stage 3 (1 366) (1 206) 1 518 1 054 - - (183) 183 - New / purchased / granted financial assets 65 509 - - - 344 65 853 97 - 97 Financial assets derecognised, other than write-offs (repayments) (45 504) (4 003) (644) (1 091) (509) (51 751) (160) - (160) Financial assets written off (*) - (5) (225) (612) (18) (860) - - - Modifications not resulting in derecognition (8) - - - - (8) - - - Legal risk costs for mortgage loans in CHF 3 294 7 94 (2) 396 - - - Other, in this changes resulting from exchange rates (200) (174) 275 491 278 670 (1) (40) (41) GROSS CARRYING AMOUNT AS AT 31.12.2025 167 553 17 925 4 454 3 622 1 062 194 616 - 143 143 ALLOWANCES FOR EXPECTED CREDIT LOSSES (**) ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 1.01.2025 640 930 1 752 2 413 163 5 898 3 - 3 Changes in balances included in the income statement 173 67 611 193 (203) 841 19 15 34 New / purchased / granted financial assets 613 - - - 39 652 20 - 20 Financial assets derecognised, other than write-offs (repayments) (113) (98) (78) (115) (43) (447) (1) - (1) Changes in level of credit risk (327) 165 689 308 (199) 636 - 15 15 Transfer to Stage 1 304 (290) - (14) - - - - - Transfer to Stage 2 (175) 228 (5) (48) - - - - - Transfer to Stage 3 (91) (136) 79 148 - - (21) 21 - Financial assets written off (*) - (5) (225) (612) (18) (860) - - - Other, in this changes resulting from exchange rates (130) (6) 291 145 177 477 (1) - (1) ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 31.12.2025 721 788 2 503 2 225 119 6 356 - 36 36 (*) Including the value receivables subject to partial write-off in the amount of PLN 603 million. (**) The allowances for expected credit losses for loans and advances to customers measured at fair value through other comprehens ive income is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount of the loan. The total value of undiscounted expected credit losses at the time of initial recognition of financial assets purchased or originated credit impaired in the period ended 31 December 2025 amounted to PLN 217 million.
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40 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 19. Securities 30.09.2026 31.12.2025 Debt securities held for trading 1 931 2 447 Debt securities measured at amortised cost 111 403 104 126 Debt securities measured at fair value through other comprehensive income 15 267 27 426 Equity instruments held for trading 37 7 Equity instruments designated for measurement at fair value through other comprehensive income 412 463 Equity instruments mandatorily measured at fair value through profit or loss 294 269 Carrying amount 129 344 134 738 Debt securities held for trading 30.09.2026 31.12.2025 Debt securities issued by State Treasury 1 652 2 182 T- bills 56 20 T- bonds (*) 1 596 2 162 Debt securities issued by banks (*) 202 216 Debt securities issued by business entities 77 49 Debt securities issued by local governments - - Carrying amount 1 931 2 447 (*) Change in the presentation of securities issued by Bank Gospodarstwa Krajowego for the benefit of flow -through funds from the category ‘Securities issued by banks’ to the category ‘Securities issued by central governments’ in both reporting periods. Debt securities measured at amortised cost 30.09.2026 31.12.2025 Debt securities issued by State Treasury 79 657 74 089 T-bills 399 3 822 T-bonds (*) 79 258 70 267 Debt securities issued by central banks 1 031 38 Debt securities issued by banks (*) 17 706 17 136 Debt securities issued by business entities 7 833 7 612 Debt securities issued by local governments 5 316 5 369 Gross carrying amount 111 543 104 244 Allowances for expected credit losses (140) (118) Carrying amount 111 403 104 126 (*) Change in the presentation of securities issued by Bank Gospodarstwa Krajowego for the benefit of flow -through funds from the category ‘Securities issued by banks’ to the category ‘Securities issued by central governments’ in both reporting periods. Debt securities measured at fair value through other comprehensive income 30.09.2026 31.12.2025 Debt securities issued by State Treasury 10 615 11 271 T-bills 1 206 1 438 T-bonds (**) 9 409 9 833 Other - - Debt securities issued by central banks - 11 994 Debt securities issued by banks (**) 206 304 Debt securities issued by business entities 3 386 2 668 Debt securities issued by local governments 1 060 1 189 Carrying amount 15 267 27 426 including impairment of assets (*) (27) (21) (*) The impairment allowance for debt securities measured at fair value through other comprehensive income is included in the ‘Re valuation reserve’ item and does not reduce the carrying amount. (**) Change in the presentation of securities issued by Bank Gospodarstwa Krajowego for the benefit of flow -through funds from the category ‘Securities issued by banks’ to the category ‘Securities issued by central governments’ in both reporting periods.
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41 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Equity securities held for trading 30.09.2026 31.12.2025 Shares 26 7 Participation units 11 - Carrying amount 37 7 Equity instruments designated for measurement at fair value through other comprehensive income 30.09.2026 31.12.2025 Shares 412 463 Carrying amount 412 463 Equity instruments mandatorily measured at fair value through profit or loss 30.09.2026 31.12.2025 Shares 294 269 Carrying amount 294 269 20. Amounts due to other banks Amounts due to other banks by product type 30.09.2026 31.12.2025 Current accounts 1 088 893 Interbank deposits and other liabilities 1 285 863 Loans and advances received 3 287 3 992 Repo transactions - - Total 5 660 5 748 21. Amounts due to customers Amounts due to customers by entity and product type 30.09.2026 31.12.2025 Amounts due to corporate 98 322 91 512 current accounts 68 271 68 051 term deposits and other liabilities 30 051 23 461 Amounts due to budget entities 23 196 21 853 current accounts 19 892 20 007 term deposits and other liabilities 3 304 1 846 Amounts due to individuals 163 453 155 098 current accounts 123 627 115 159 term deposits and other liabilities 39 826 39 939 Repo transactions 2 695 1 089 Total 287 666 269 552
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42 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 22. Debt securities issued Debt securities issued by type 30.09.2026 31.12.2025 Liabilities from bonds 21 965 18 790 Mortgage bonds 1 446 1 475 Total 23 411 20 265 The Group redeems its own debt securities issued on a timely basis. 23. Provisions Changes in provisions in the reporting period 3 QUARTERS 2026 PROVISIONS FOR LITIGATION AND CLAIMS (*) PROVISONS FOR DEFINED BENEFIT PLANS PROVISIONS FOR OFF- BALANCE SHEET COMMITMENTS AND GUARANTEES GIVEN OTHER PROVISIONS (**) TOTAL Opening balance 1 928 319 350 37 2 634 Provision charges/revaluation 169 26 209 - 404 Provision utilization (460) (16) - (4) (480) Provision releases (2) - (247) (2) (251) Foreign currency exchange differences 6 - 3 - 9 Other changes - 2 - - 2 Closing balance 1 641 331 315 31 2 318 Short term 2 44 35 7 88 Long term 1 639 287 280 24 2 230 (*) Including the provision for legal risk regarding foreign currency mortgage loans in CHF in the amount of PLN 1 269 million (details of this provision are presented in Note 26). (**) Including provisions for refunds to customers of increased mortgage loan margins before establishing a mortgage in the amount of PLN 24 million as at 30 September 2026. 2025 PROVISIONS FOR LITIGATION AND CLAIMS (*) PROVISONS FOR DEFINED BENEFIT PLANS PROVISIONS FOR OFF- BALANCE SHEET COMMITMENTS AND GUARANTEES GIVEN OTHER PROVISIONS (**) TOTAL Opening balance 1 461 314 477 58 2 310 Provision charges/revaluation 893 37 332 16 1 278 Provision utilization (424) (31) - (13) (468) Provision releases (2) - (455) (24) (481) Foreign currency exchange differences - - (4) - (4) Other changes - (1) - - (1) Closing balance 1 928 319 350 37 2 634 Short term - 44 32 10 86 Long term 1 928 275 318 27 2 548 (*) Including the provision for legal risk regarding foreign currency mortgage loans in CHF in the amount of PLN 1 564 million (d etails of this provision are presented in Note 26). (**) Including provisions for refunds to customers of increased mortgage loan margins before establishing a mortgage in the amount of PLN 27 million as at 31 December 2025.
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43 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 24. Contingent commitments and legal claims Court cases As at 30 September 2026, the following court proceedings involving the Group were pending and were material due to the value of the subject matter of the dispute and the risk of an outflow of funds (against the Group): • brought by the administrator of the restructuring estate of a joint -stock company – a claim for a declaration that the provisions of the master agreement are ineffective towards the restructuring estate of the joint-stock company to the extent that they pr ovide for the transfer to the Bank of receivables in the part comprising VAT. The value of the subject matter of the dispute is PLN 190.7 million, and the proceedings were initiated on 10 March 2025. On 29 January 2026, the District Court in Warsaw issued a judgment dismissing the claim in its entirety. The judgment is not final. In the current factual and legal circumstances, the Bank assesses the risk of an outflow of funds – which may result from the resolution of this declaratory case – as possible, • brought by the association – a claim for payment of damages against the Bank and two other legal persons for damage incurred in connection with irregularities which, according to the association, the defendants committed when offering the purchase of premi ses and financing the construction of a condohotel . The value of the subject matter of the dispute is PLN 86.7 million, and the proceedings were initiated on 14 November 2022. In the current factual and legal circumstances, the Bank assesses the risk of an outflow of funds as possible, • brought by a natural person – a claim for payment by the Bank of the amount charged by way of settlement of forward financial transactions. The value of the subject matter of the dispute is PLN 38.9 million, and the proceedings were initiated on 2 October 2016. On 6 May 2019, the District Court in Warsaw issued a judgment ordering the Bank to pay PLN 3.4 million and dismissing the claim in the remaining part. The judgment is not final. The plaintiff and the Bank appealed against the judgment. By judgment of 16 December 2020, the Court of Appeal in Warsaw quashed the judgment of the District Court in its entirety and remitted the case to that Court for reconsideration. In the current factual and legal circumstances, the Bank assesses the risk of an outflow of funds in the amount of PLN 35.5 million as possible, • brought by a natural person – a claim for a declaration of invalidity of the loan agreement and legal security agreements, and for payment of undue performance, damages and compensation. The value of the subject matter of the dispute is PLN 30.5 million, a nd the proceedings were initiated on 22 June 2023. In the current factual and legal circumstances, the Bank assesses the risk of an outflow of funds as possible, • brought by a legal person – a claim for payment of damages for the loss of value of leased assets. The value of the subject matter of the dispute is PLN 21 million, and the proceedings were initiated on 10 March 2011. On 25 February 2026, the District Court in Warsaw issued a judgment dismissing the claim in its entirety. The judgment is not final. In the current factual and legal circumstances, the Bank assesses the risk of an outflow of funds as possible. None of the proceedings pending in the third quarter of 2026 before a court, an authority competent for arbitration proceedings or a public administration authority posed a threat to the Group’s financial liquidity. The Group created provisions for litigations against the Group entities which, according to the legal opinion, are connected with a risk of the funds outflow resulting from the fulfilment of the obligation. The value of the provisions as at 30 Septem ber 2026 is PLN 1 641 million, of which PLN 1 269 million concerns provisions for legal risk related to foreign currency mortgage loans in CHF (PLN 1 928 million as at 31 December 2025 of which 1 564 million concerns provisions for legal risk related to foreign currency mortgage loans in CHF) - details are presented in Note 26. Litigation against the Group concerning the free credit sanction As at 30 September 2026, 2 380 proceedings were pending, with a total value of the subject matter of the dispute of PLN 75.85 million, concerning the free credit sanction within the meaning of Article 45 of the Act of 12 May 2011 on consumer credit, i n which the plaintiffs seek reim bursement of interest and other costs incurred in connection with the conclusion of the credit agreement. By 30 September 2026, 290 cases had been finally concluded, of which 228 resulted in judgments favourable to the Group and 62 in judgments unfavourable to the Group. The Group disputes the validity of the claims raised in these cases. The case law to date has been predominantly favourable to the Group. Proceedings of the Office of Competition and Consumer Protection Proceedings of the President of the Office of Competition and Consumer Protection regarding irregularities in the area of complaints On 21 November 2025 the President of the Office of Competition and Consumer Protection issued a decision under Article 28 of the Act on competition and consumer protection, so-called commitment decision, that was requested by the Bank. The decision is legally valid since 22 December 2025 and the Bank is in the process of implementing it. As at 30 September 2026, the Bank recognized a provision in the amount of PLN 72.1 million (provision in the amount of PLN 98.2 million as at 31 December 2025).
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44 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Proceedings of the President of the Office of Competition and Consumer Protection regarding unauthorized transactions On 8 February 2024, the President of the Office of Competition and Consumer Protection initiated proceedings regarding practices violating the collective interests of consumers regarding unauthorized payment transactions and the failure to return by the D+1 deadline. As at 30 September 2026, the Bank recognized a provision in the amount of PLN 78.7 million regarding to the proposal for the implementation of the commitment presented by the Bank to the President of the Office of Competition and Consumer Protection (provision in the amount of PLN 48.6 million as at 31 December 2025) . The President of the Office of Competition and Consumer Protection extended the deadline for the completion of the proceedings to the date of 31 December 2026. Due to the fact that the proceedings and conversations with the Office of Competition and Consumer Protection are ongoing, it is possible that the amount of the provision will change in the future. Proceedings of the Office of Competition and Consumer Protection regarding irregularities in the application of the so -called credit holidays On 15 December 2025 President of the Office of Competition and Consumer Protection issued Decision No. DOZIK ‑6/2025, finding the Bank’s and the Pekao Bank Hipoteczny S.A.’s practices relating to the suspension of loan repayments (the so‑called loan payment holidays) to be unlawful. The President imposed a fine of PLN 119 million on the Bank and ordered it to inform all consumers affected by the challenged practices of the violations. The Bank has appealed the decision to the Regional Court in Warsaw - the Court of Competition and Consumer Protection. As at 30 September 2026, the Group recognized a provision in the amount of PLN 119 million (provision in the amount of PLN 119 million as at 31 December 2025). Explanatory proceedings of the President of the Office of Competition and Consumer Protection regarding antitrust issues The Office of Competition and Consumer Protection is currently conducting explanatory proceedings against banks aimed at preliminary determination of whether there may have been a violation of the provisions of the Act on the Protection of Competition and Consumers in connection with the assessment of the creditworthiness of customers and the granting of loans (proceedings initiated on 6 March 2025) or in connection with the activities of payment organizations or banks in th e area of determining the amount, settlement or collection of fees related to transactions using ATMs (proceedings initiated on 13 March 2025), which could constitute a justification for initiating antitrust proceedings. The Bank is covered by these explanatory proceedings. At the current stage, the Bank has not created a provision for the proceedings. Proceedings by the Office of Competition and Consumer Protection regarding the classification of standard contract terms as unfair On 12 October 2026, the Bank received a letter from the Office of Competition and Consumer Protection initiating proceedings against the Bank concerning the classification of standard contract terms as unfair. The letter requests that the Bank to provide information regarding the modification clauses it employs. At current stage, the Bank has not created a provision for the proceedings. Off-balance sheet financial commitments and guarantees granted 30.09.2026 31.12.2025 Financial commitments granted 76 503 65 098 Guarantees granted 13 890 13 666 Total 90 393 78 764 Off-balance sheet commitments received 30.09.2026 31.12.2025 Financial received 1 183 338 Guarantees received 45 173 38 530 Total 46 356 38 868 Moreover, the Group has the ability to obtain financing from National Bank of Poland secured securities .
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45 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 25. Related party transactions The transactions between the Bank and related parties are typical transactions arising from current operating activities conducted by the Bank. Such transactions mainly include loans, deposits, foreign currency transactions and guarantees. These transactions were concluded on terms that did not differ from market terms . The credit granting process applicable to the Bank’s management and entities related to the Bank According to the Banking Act, credit transactions with Members of the Bank’s Management Board and Supervisory Board, persons holding managerial positions at the Bank, with the entities related financially or organizationally therewith, shall be effected according to Regulation adopted by the Supervisory Board of the Bank. The Regulation provides detailed decision-making procedures, applicable to transactions with such persons and entities, also defining the decision-making levels authorized to take decisions. In particular, the transactions with the Members of the Bank’s Management Board or Supervisory Board or with an entity related therewith financially or organizationally, are subject to decisions taken by the Bank’s Management Board and Supervisory Board. Members of the Bank’s Management Board and entities related therewith financially or organizationally may take advantage of credit products offered by the Bank on standard terms and conditions of the Bank. In particular, the Bank may not offer more advantageous credit interest rates to such persons or entities. Credit risk assessment is performed using the methodology applied by the Bank, tailored to the client’s segment and type of transaction. In case of entities related to the Bank, the standard credit procedures are applied, with transaction -related decisions taken exclusively at level of the Bank’s Head Office.
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46 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Related party transactions Related party transactions as at 30 September 2026 NAME OF ENTITY RECEIVABLES FROM LOANS AND PLACEMENTS SECURITIES RECEIVABLES FROM REVALUATION OF DERIVATIVES OTHER RECEIVABLES LIABILITIES FROM LOANS AND DEPOSITS LIABILITIES FROM REVALUATION OF DERIVATIVES OTHER LIABILITIES PZU S.A. – the Bank‘s parent entity - - - 7 194 - 40 Entities of PZU S.A. Group excluding of Bank Pekao S.A. Group entities 7 - 10 10 733 - - Associates of Bank Pekao S.A Group entities Krajowy Integrator Płatności S.A. - - - - 82 - - PZU Fundusz Inwestycyjny Zamknięty Private Debt - - - - 7 - - Key management personnel of the Bank Pekao S.A. 1 - - - 7 - - Total 8 - 10 17 1 023 - 40 Related party transactions as at 31 December 2025 NAME OF ENTITY RECEIVABLES FROM LOANS AND PLACEMENTS SECURITIES RECEIVABLES FROM REVALUATION OF DERIVATIVES OTHER RECEIVABLES LIABILITIES FROM LOANS AND DEPOSITS LIABILITIES FROM REVALUATION OF DERIVATIVES OTHER LIABILITIES PZU S.A. – the Bank‘s parent entity 1 - - 17 560 1 40 Entities of PZU S.A. Group excluding of Bank Pekao S.A. Group entities 94 - - 12 630 1 - Associates of Bank Pekao S.A Group entities Krajowy Integrator Płatności S.A. - - - - 48 - - PZU Fundusz Inwestycyjny Zamknięty Private Debt 1 - - - 2 - - Key management personnel of the Bank Pekao S.A. - - - - 3 - - Total 96 - - 29 1 243 2 40
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47 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Income and expenses from transactions with related parties for the period from 1 July to 30 September 2026 NAME OF ENTITY INTEREST INCOME INTEREST EXPENSE FEE AND COMMISSION INCOME FEE AND COMMISSION EXPENSE INCOME FROM DERIVATIVES AND OTHER EXPENSES FROM DERIVATIVES AND OTHER PZU S.A. – the Bank‘s parent entity (1) (13) 25 - - (6) Entities of PZU S.A. Group excluding of Bank Pekao S.A. Group entities 3 (9) 41 (1) - (13) Associates of Bank Pekao S.A Group entities Krajowy Integrator Płatności S.A. - - - - - - PZU Fundusz Inwestycyjny Zamknięty Private Debt - - - - - (1) Key management personnel of the Bank Pekao S.A. - - - - - - Total 2 (22) 66 (1) - (20) Income and expenses from transactions with related parties for the period from 1 January to 30 September 2026 NAME OF ENTITY INTEREST INCOME INTEREST EXPENSE FEE AND COMMISSION INCOME FEE AND COMMISSION EXPENSE INCOME FROM DERIVATIVES AND OTHER EXPENSES FROM DERIVATIVES AND OTHER PZU S.A. – the Bank‘s parent entity (2) (19) 77 - 1 (16) Entities of PZU S.A. Group excluding of Bank Pekao S.A. Group entities 8 (16) 109 (1) 1 (35) Associates of Bank Pekao S.A Group entities Krajowy Integrator Płatności S.A. - (1) 2 - - - PZU Fundusz Inwestycyjny Zamknięty Private Debt - - - - - (2) Key management personnel of the Bank Pekao S.A. - - - - - - Total 6 (36) 188 (1) 2 (53) Income and expenses from transactions with related parties for the period from 1 July to 30 September 2025 NAME OF ENTITY INTEREST INCOME INTEREST EXPENSE FEE AND COMMISSION INCOME FEE AND COMMISSION EXPENSE INCOME FROM DERIVATIVES AND OTHER EXPENSES FROM DERIVATIVES AND OTHER PZU S.A. – the Bank‘s parent entity - (11) 28 - - (5) Entities of PZU S.A. Group excluding of Bank Pekao S.A. Group entities 1 (12) 27 - 1 (11) Associates of Bank Pekao S.A Group entities Krajowy Integrator Płatności S.A. - - 1 - - - Key management personnel of the Bank Pekao S.A. - - - - - - Total 1 (23) 56 - 1 (16)
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48 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Income and expenses from transactions with related parties for the period from 1 January to 30 September 2025 NAME OF ENTITY INTEREST INCOME INTEREST EXPENSE FEE AND COMMISSION INCOME FEE AND COMMISSION EXPENSE INCOME FROM DERIVATIVES AND OTHER EXPENSES FROM DERIVATIVES AND OTHER PZU S.A. – the Bank‘s parent entity (1) (22) 80 - 1 (15) Entities of PZU S.A. Group excluding of Bank Pekao S.A. Group entities 1 (27) 73 - 2 (35) Associates of Bank Pekao S.A Group entities Krajowy Integrator Płatności S.A. - - 2 - - - Key management personnel of the Bank Pekao S.A. - - - - - - Total - (49) 155 - 3 (50) Off-balance sheet financial liabilities and guarantees as at 30 September 2026 NAME OF ENTITY GRANTED RECEIVED FINANCIAL GUARANTEES FINANCIAL GUARANTEE PZU S.A. – the Bank‘s parent entity 3 15 - 753 (*) Entities of PZU S.A. Group excluding of Bank Pekao S.A. Group entities 19 14 - - Associates of Bank Pekao S.A Group entities Krajowy Integrator Płatności S.A. - 3 - - Key management personnel of the Bank Pekao S.A. - - - - Total 22 32 - 753 (*) A guarantee securing the repayment of a loan granted to one of the Bank's subsidiaries. Off-balance sheet financial liabilities and guarantees as at 31 December 20 25 NAME OF ENTITY GRANTED RECEIVED FINANCIAL GUARANTEES FINANCIAL GUARANTEE PZU S.A. – the Bank‘s parent entity 3 15 - 729 (*) Entities of PZU S.A. Group excluding of Bank Pekao S.A. Group entities 19 12 - - Associates of Bank Pekao S.A Group entities Krajowy Integrator Płatności S.A. - 3 - - Key management personnel of the Bank Pekao S.A. - - - - Total 22 30 - 729 (*) A guarantee securing the repayment of a loan granted to one of the Bank's subsidiaries.
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49 Report of Bank Pekao S.A. Group for the third quarter of 2026 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) 26. Legal risk regarding foreign currency mortgage loans in CHF Adopted accounting principles and court proceedings related to foreign currency mortgage loans in CHF The accounting principles have not changed compared to 31 December 2025, and are described in Consolidated Financial Statements of Bank Pekao S.A. Group for the year ended on 31 December 2025. By the 30 September 2026, 6.4 thousand individual court cases were pending against the Group regarding foreign currency mortgage loans in CHF, which were granted in previous years, with the total value of the claim in the amount of PLN 2 274 million (as at 31 December 2025, the number of cases was 8.3 thousand, and the corresponding value of the dispute is PLN 2 898 million). The main cause of the dispute, as indicated by the plaintiffs, concerns the questioning of the provisions of the loan agreement with regard to the Group's application of conversion rates based on the Bank's exchange rate Table and results in claims regarding the invalidity of the loan agreements. In the period of three quarters of 2026, the Group received 1 134 unfavourable court judgments in cases brought by borrowers, including 528 final judgments and 31 favourable court judgments, including 8 final judgments (in 2025: 2 347 unfavourable court judgments, including 611 final judgments stating the invalidity of the loan agreement and 42 favourable court judgments, including 3 final judgments dismissing). Settlement program The Bank is continuing the out -of-court settlements program to those borrowers, who as of 31 March 2023 had an active mortgage loan agreement denominated in CHF or those in legal dispute with the Bank. As part of the settlement, a new debt balance is determined, expressed in PLN and calculated as the loan amount paid by the Bank reduced by all repayments made by the borrower until the settlement is concluded. The resulting amount is increased by contractual interest accrued at a fixed rate , which is not higher then 2% per annum. If the new debt balance turns out to be negative (i.e. there is an overpayment), the Bank refunds the overpaid amount to the borrower. Any remaining debt balance after the settlement is concluded bears interest at a fixed rate of 2% per annum for the first 60 months, and thereafter in accordance with the Bank's current offer. By the 30 September 2026, the Bank concluded in total 13.3 thousand settlements under the edition s of the program held to date. The Bank analyses the response from clients and appropriately reflect its impact when calculating the legal risk provisions. Legal risk related to foreign currency mortgage loans in CHF - assumptions and calculation methodology The calculation of the provision performed by the Group as at 30 September 2026 was based on estimating the expected loss of the Group resulting from the possible materialization of the legal risk of mortgage loans in CHF. The estimate carried out by the Group includes the following key elements: 1) forecast of disputes The entire forecast of future lawsuits applies to loans denominated, active or fully repaid within the last 10 years. The Group estimates that in total, i.e. taking into account lawsuits that have been and will be filed by borrowers against the Group, approximately 60% (compared to approximately 65% at the end of 2025) of the total amount of such loans granted, amounting to CHF 1. 0 billion, may be subject to dispute (including approximately 85% for active contracts compared to 90% at the end of 2025 and approximately 50% for repaid contracts – no changes compared to the end of 2025). 2) expected financial implications of court disputes The Group assumes that if the court finds the contractual provisions abusive, the resolution of the court dispute will be the invalidation of the loan agreement. Moreover, additional costs related to the resolution of litigation are recognized and are calculated for the entire portfolio covered by the provision calculation: statutory interest for delay and costs of legal representation. The adopted statutory interest rates take into account the expected duration of the dispute (estimated based on data on completed proceedings) and the application of the set-off defense (resulting in a prospective reduction of the basis for calculating int erest). 3) inclusion of a settlement program The Group assesses the borrowers' willingness to conclude a settlement. If accepted, a lawsuit is no longer expected under the agreement, which is reflected in the in the forecast of future lawsuits. Otherwise, the probability and distribution of resolutions of the court dispute are the same as described in point 1) -2). The level of the provision set by the Group requires each time the Group adopts many expert assumptions based on professional judgement. Subsequent rulings and possible sectoral solutions that will appear on the Polish market with regard to foreign currency mortgage loans in CHF, may affect the amount of the provision determined by the Group and cause the necessity to change individual assumptions adopted in the calculations. In connection with the above -mentioned uncertainty, it is possible that the amount of the provision will change in the future.
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50 Report of Bank Pekao S.A. Group for the third quarter of 2026 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Legal risk related to foreign currency mortgage loans in CHF – results and allocation As at 30 September 2026 the level of accumulated legal risk costs related to the mortgage loans in CHF estimated by the Group amounted to PLN 1 823 million and decreased by PLN 557 million compared to the level as at 31 December 2025. The main reason for the change in the level of accumulated legal risk costs related to the mortgage loans in CHF was the settlement of loan agreements as a result of concluded settlements and the enforcement of court judgments (decrease of provisions with no significant impact on the financial result). A summary of the recognition of the provision for legal risk related to foreign currency mortgage loans in CHF in the statement of financial position is presented in the tables below. 30.09.2026 GROSS CARRYING AMOUNT OF MORTGAGE LOANS IN CHF NET OF THE COST OF LEGAL RISK ACCUMULATED COSTS OF LEGAL RISK REGARDING MORTGAGE LOANS IN CHF GROSS CARRYING AMOUNT OF MORTGAGE LOANS IN CHF INCLUDING THE COST OF LEGAL RISK Loans and advances to customers (adjustment reducing the carrying amount of mortgage loans in CHF) 715 554 161 Provisions 1 269 Total 1 823 31.12.2025 GROSS CARRYING AMOUNT OF MORTGAGE LOANS IN CHF NET OF THE COST OF LEGAL RISK ACCUMULATED COSTS OF LEGAL RISK REGARDING MORTGAGE LOANS IN CHF GROSS CARRYING AMOUNT OF MORTGAGE LOANS IN CHF INCLUDING THE COST OF LEGAL RISK Loans and advances to customers (adjustment reducing the carrying amount of mortgage loans in CHF) 984 816 168 Provisions 1 564 Total 2 380 Changes in the accumulated costs of legal risk regarding mortgage loans in CHF during the period present the tables below. 3 QUARTERS 2026 LOANS AND ADVANCES TO CUSTOMERS (ADJUSTMENT REDUCING THE CARRYING AMOUNT OF MORTGAGE LOANS IN CHF) PROVISIONS TOTAL Opening balance 816 1 564 2 380 Revaluation (47) 127 80 Utilization (settlement of lawsuits and concluded settlements) (229) (428) (657) Foreign currency exchange differences 14 6 20 Closing balance 554 1 269 1 823 2025 LOANS AND ADVANCES TO CUSTOMERS (ADJUSTMENT REDUCING THE CARRYING AMOUNT OF MORTGAGE LOANS IN CHF) PROVISIONS TOTAL Opening balance 1 193 1 308 2 501 Revaluation (8) 672 664 Utilization (settlement of lawsuits and concluded settlements) (371) (416) (787) Foreign currency exchange differences 2 - 2 Closing balance 816 1 564 2 380 Sensitive analysis The Group performed a sensitivity analysis in relation to significant assumptions taken into account in estimating the legal risk of the CHF foreign currency loan portfolio, where a change in the level of individual parameters would have the following impact on the level of accumulated costs related to this risk. Impact on the provision level in the event of changes to the assumptions (with other elements of the calculation unchanged) PARAMETER SCENARIO IMPACT ON THE PROVISION LEVEL AS AT 30.09.2026 IMPACT ON THE PROVISION LEVEL AS AT 31.12.2025 Forecast of the volume of lawsuits on the active portfolio +1 p.p. 11 16 -1 p.p. (11) (16) Forecast of the volume of lawsuits on the repaid portfolio +1 p.p. 13 16 -1 p.p. (13) (16) Probability of reaching a settlement +1 p.p. (2) (2) -1 p.p. 2 2 Average length of a dispute +1 month 1 6 -1 month (1) (7)
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51 Report of Bank Pekao S.A. Group for the third quarter of 2026 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) 27. Basic measures of liquidity Regulatory liquidity long-term norms and LCR and NSFR (*) SUPERVISORY LIQUIDTY NORMS LIMIT 30.09.2026 31.12.2025 LCR Liquidity coverage ratio 100% 231% 239% NSFR Net stable funding ratio 100% 170% 169% (*) The values of regulatory liquidity ratios have been determined in accordance with the principles set out by the Commission De legated Regulation (EU) 2015/61 of 10 October 2014 to supplement Regulation No. 575/2013 of the European Parliament and the Council with regard to liquidity coverage requirement for credit institutions. These data are based on information internally provided to the Bank's key management personnel. 28. Fair value of financial assets and liabilities Financial instruments that are measured at fair value in the consolidated statement of financial position of the Group The process of measuring financial instruments at fair value has not changed significantly in relation to the one described i n the Consolidated Financial Statements of the Bank Pekao S.A. Group for the year ended on 31 December 202 5. Assets and liabilities measured at fair value in breakdown by fair value hierarchy levels 30.09.2026 LEVEL 1 LEVEL 2 LEVEL 3 TOTAL Assets: 12 474 8 088 5 091 25 653 Securities held for trading 1 524 325 119 1 968 Derivative financial instruments - 4 607 - 4 607 Banks - 1 979 - 1 979 Customers - 2 628 - 2 628 Hedging instruments - 654 - 654 Banks - 345 - 345 Customers - 309 - 309 Debt securities measured at fair value through other comprehensive income 9 141 2 502 3 624 15 267 Equity instruments designated for measurement at fair value through other comprehensive income - - 412 412 Equity instruments mandatorily measured at fair value through profit or loss - - 294 294 Assets pledged as security for liabilities 1 809 - - 1 809 Loans and advances to customers measured at fair value through other comprehensive income - - 83 83 Loans and advances to customers measured at fair value through profit or loss - - 559 559 Liabilities: 939 5 680 - 6 619 Financial liabilities held for trading 939 - - 939 Derivative financial instruments - 4 672 - 4 672 Banks - 1 714 - 1 714 Customers - 2 958 - 2 958 Hedging instruments - 1 008 - 1 008 Banks - 514 - 514 Customers - 494 - 494
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52 Report of Bank Pekao S.A. Group for the third quarter of 2026 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Assets and liabilities measured at fair value in breakdown by fair value hierarchy levels 31.12.2025 LEVEL 1 LEVEL 2 LEVEL 3 TOTAL Assets: 11 982 21 098 4 375 37 455 Securities held for trading 1 967 463 24 2 454 Derivative financial instruments - 5 001 - 5 001 Banks - 1 905 - 1 905 Customers - 3 096 - 3 096 Hedging instruments - 1 233 - 1 233 Banks - 269 - 269 Customers - 964 - 964 Debt securities measured at fair value through other comprehensive income 10 014 14 401 3 011 27 426 Equity instruments designated for measurement at fair value through other comprehensive income - - 463 463 Equity instruments mandatorily measured at fair value through profit or loss - - 269 269 Assets pledged as security for liabilities 1 - - 1 Loans and advances to customers measured at fair value through other comprehensive income - - 143 143 Loans and advances to customers measured at fair value through profit or loss - - 465 465 Liabilities: 891 5 805 - 6 696 Financial liabilities held for trading 891 - - 891 Derivative financial instruments - 5 124 - 5 124 Banks - 1 857 - 1 857 Customers - 3 267 - 3 267 Hedging instruments - 681 - 681 Banks - 125 - 125 Customers - 556 - 556
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53 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Change in fair value of financial assets measured at fair value according to Level 3 by the Group 3 QUARTERS 2026 SECURITIES HELD FOR TRADING DERIVATIVE FINANCIAL INSTRUMENTS (ASSETS) LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS EQUITY INSTRUMENTS MANDATORILY MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS DEBT SECURITIES MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME EQUITY INSTRUMENTS DESIGNATED FOR MEASUREMENT AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME DERIVATIVE FINANCIAL INSTRUMENTS (LIABILITIES) Opening balance 24 - 143 465 269 3 011 463 - Increases 236 - 11 136 25 1 121 17 - Reclassification from other levels 121 - - - - 906 - - Transactions made in 2026 - - 11 104 - - - - Granting - - - - - 53 - - Purchase 114 - - - - 62 17 - Gains on financial instruments 1 - - 32 25 100 - - recognized in the income statement 1 - - 32 25 100 - - recognized in revaluation reserves - - - - - - - - Decreases (141) - (71) (42) - (508) (68) - Reclassification to other levels (14) - - - - (316) - - Settlement/Redemption (1) - (2) (42) - (103) - - Sale (117) - - - - (63) - - Losses on financial instruments (9) - (69) - - (26) (68) - recognized in the income statement (9) - (69) - - - - - recognized in revaluation reserves - - - - - (26) (68) - Closing balance 119 - 83 559 294 3 624 412 - Unrealized income from financial instruments held in portfolio at the end of the period, recognized in: (9) - (71) 32 - (3) - - Income statement: (9) - (71) 32 - (3) - - net interest income - - 7 26 - - - - net allowances for expected credit losses - - (78) - - (3) - - result on financial assets and liabilities held for trading (9) - - 6 - - - - Other comprehensive income - - - - - - - -
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54 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Change in fair value of financial assets measured at fair value according to Level 3 by the Group 2025 SECURITIES HELD FOR TRADING DERIVATIVE FINANCIAL INSTRUMENTS (ASSETS) LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS EQUITY INSTRUMENTS MANDATORILY MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS DEBT SECURITIES MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME EQUITY INSTRUMENTS DESIGNATED FOR MEASUREMENT AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME DERIVATIVE FINANCIAL INSTRUMENTS (LIABILITIES) Opening balance 58 1 247 360 272 3 766 322 - Increases 1 696 1 27 172 - 1 206 141 - Reclassification from other levels - - - - - 36 - - Transactions made in 2025 - - 17 172 - - - - Granting 35 - - - - 669 - - Purchase 1 661 - - - - 430 - - Gains on financial instruments - 1 10 - - 71 141 - recognized in the income statement - 1 10 - - 5 - - recognized in revaluation reserves - - - - - 66 141 - Decreases (1 730) (2) (131) (67) (3) (1 961) - - Reclassification to other levels (54) - - - - (524) - - Settlement/Redemption - (2) (92) (31) - (247) - - Sale (1 676) - - - - (1 190) - - Losses on financial instruments - - (39) (36) (3) - - - recognized in the income statement - - - (36) (3) - - - recognized in revaluation reserves - - (39) - - - - - Closing balance 24 - 143 465 269 3 011 463 - Unrealized income from financial instruments held in portfolio at the end of the period, recognized in: - - (48) (37) - 33 - - Income statement: - - (8) (37) - (3) - - net interest income - - - 1 - - - - net allowances for expected credit losses - - (8) - - (3) - - result on financial assets and liabilities held for trading - - - (38) - - - - Other comprehensive income - - (40) - - 36 - -
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55 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 Transfers of instruments between fair value hierarchy levels are based on changes in availability of active market quotations at the end of the reporting periods. In the period from 1 January to 3 0 September 2026 the following transfers of financial instruments between the levels of the fair value hierarchy were made: • from Level 3 to Level 2: corporate bonds which were valued based on information on the prices of comparable financial instruments and corporate and municipal bonds with immaterial impact of the estimated credit parameters on the valuation, • from Level 2 to Level 3: corporate bonds for which impact of estimated credit parameters was material and government bonds, for which the impact of the estimated spread relative to a benchmark bond on the valuation was significant. Financial instruments that are not measured at fair value in the consolidated statement of financial position of the Group The process of valuation of financial instruments that are not presented at fair value in the financial statements has not changed significantly in relation to the one described in the Consolidated Financial Statements of the Bank Pekao S.A. Group for the year ended on 31 December 2025. Assets and liabilities not measured at fair value in the financial statement in breakdown by fair value hierarchy levels 30.09.2026 CARRYING AMOUNT FAIR VALUE OF WHICH: LEVEL 1 LEVEL 2 LEVEL 3 Assets Cash and cash equivalents 21 802 21 722 4 027 17 695 - Loans and advance to banks 326 329 - 55 274 Loans and advances to customers measured at amortised cost 204 476 204 914 - 7 134 197 780 Corporate (without receivables from finance leases) 100 582 101 753 - 7 018 94 735 Corporate receivables from finance leases 13 846 13 795 - - 13 795 Mortgage loans to individual clients 72 936 71 581 - - 71 581 Other loans and advance to individual clients 17 112 17 785 - 116 17 669 Debt securities measured at amortised cost 111 403 109 713 66 928 36 051 6 734 Assets pledged as security for liabilities - - - - - Total Assets 338 007 336 678 70 955 60 935 204 788 Liabilities Amounts due to other banks 5 660 5 635 - 1 203 4 432 Amounts due to customers 287 666 287 756 - 2 051 285 705 Debt securities issued 23 411 23 161 - 23 161 - Subordinated liabilities 7 096 7 102 - 7 102 - Total Liabilities 323 833 323 654 - 33 517 290 137 31.12.2025 CARRYING AMOUNT FAIR VALUE OF WHICH: LEVEL 1 LEVEL 2 LEVEL 3 Assets Cash and cash equivalents 12 016 11 987 4 581 7 353 53 Loans and advance to banks 501 501 - 95 406 Loans and advances to customers measured at amortised cost 188 260 187 476 - 4 912 182 564 Corporate (without receivables from finance leases) 89 306 90 597 - 4 845 85 752 Corporate receivables from finance leases 12 697 12 648 - - 12 648 Mortgage loans to individual clients 71 090 68 672 - - 68 672 Other loans and advance to individual clients 15 167 15 559 - 67 15 492 Debt securities measured at amortised cost 104 126 105 000 63 730 37 612 3 658 Assets pledged as security for liabilities 1 079 1 088 1 088 - - Total Assets 305 982 306 052 69 399 49 972 186 681 Liabilities Amounts due to other banks 5 748 5 856 - 799 5 057 Amounts due to customers 269 552 269 378 - 1 525 267 853 Debt securities issued 20 265 20 240 - 20 240 - Subordinated liabilities 5 642 5 644 - 5 644 - Total Liabilities 301 207 301 118 - 28 208 272 910
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56 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 29. Impairment allowances on financial assets, property, plant and equipment, intangible assets or other assets and reversal of such impairment allowances Details are presented in Notes 10, 11, 15, 16, 18, 19. 30. Acquisition and sale of property, plant and equipment and commitments for the acquisition of property, plant and equipment In the period from 1 January to 3 0 September 2026 the Group acquired ‘Property, plant and equipment’ amounted PLN 456 million (in 2025 - PLN 576 million), while the value of property, plant and equipment sold amounted to PLN 77 million (in 2025 - PLN 252 million). In the period from 1 January to 30 September 2026 and in 2025 there have been no property, plant and equipment whose title is restricted and pledged as security for liabilities. Contractual commitments As at 3 0 September 2026 the contractual commitments for the acquisition of property, plant and equipment amounted to PLN 131 million (as at 31 December 2025 - PLN 44 million). 31. Subsequent events Significant events after the balance sheet date are presented in Note 8 “Other Information” of the Summary of the activities of Bank Pekao S.A. Group for the third quarter of 2026.
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Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the period of 9 months ended on 30 September 2026 (in PLN million) Report of Bank Pekao S.A. Group for the third quarter of 2026 28.10.2026 Cezary Stypułkowski President of the Bank’s Management Board The original Polish document is signed with a qualified electronic signature Date Name/Surname Position/Function Signature 28.10.2026 Marcin Gadomski Vice President of the Bank’s Management Board The original Polish document is signed with a qualified electronic signature Date Name/Surname Position/Function Signature 28.10.2026 Łukasz Januszewski Vice President of the Bank’s Management Board The original Polish document is signed with a qualified electronic signature Date Name/Surname Position/Function Signature 28.10.2026 Michał Panowicz Vice President of the Bank’s Management Board The original Polish document is signed with a qualified electronic signature Date Name/Surname Position/Function Signature 28.10.2026 Robert Sochacki Vice President of the Bank’s Management Board The original Polish document is signed with a qualified electronic signature Date Name/Surname Position/Function Signature 28.10.2026 Błażej Szczecki Vice President of the Bank’s Management Board The original Polish document is signed with a qualified electronic signature Date Name/Surname Position/Function Signature 28.10.2026 Dagmara Wojnar Vice President of the Bank’s Management Board The original Polish document is signed with a qualified electronic signature Date Name/Surname Position/Function Signature 28.10.2026 Marcin Zygmanowski Vice President of the Bank’s Management Board The original Polish document is signed with a qualified electronic signature Date Name/Surname Position/Function Signature