Slides
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Financial Results 3 quarters 2026 Warsaw | 5.11.2026.
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Agenda 2 Executive summary 3 Macroeconomic outlook 6 Business activity 9 Financial results 14 Conclusions 26 Supplementary information 28 1 . 2 . 3 . 4 . 5 . 6 .
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3Financial results for Q3 2026 Continuation of sustainable double-digit growth 1 • Double - digit growth in both entrusted savings and financing provided to customers • Acceleration of customer growth to 100 ths per quarter • Strong capital position with CET1 ratio of 15.28% 12.7 mn +306 ths y/y +109 ths q/q 747 bn PLN 1 +13.3% y/y +3.7% q/q 363 bn PLN 2 +15.3% y/y +3.8% q/q 620 bn PLN +11.8% y/y +1.9% q/q + 1.9 bn PLN y/y +1.2 bn PLN q/q 15 . 28 % 57 bn PLN Total assets Equity CET1=T1 Number of customers Customer savings Customer financing 285 bp > dividend criterion 285 bp > regulatory minimum 1 Including deposits, investment funds, State Treasury bonds and retail savings bonds of the bank, other entities of the bank’s Group accumulated on the clients’ bank accounts and covered bonds 2 Gross customer financing excluding FX mortgage loans
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4Financial results for Q3 2026 Growing profit, high profitability and cost efficiency maintained despite a significant increase in tax burdens and lower interest rates 1 • PLN 8.2bn net profit reported for the first nine months of 2026 • ROE at 19.0% • Net interest margin improved to 4.46% in Q3 2026 • Strong cost efficiency, with C/I ratio of 31% • CoR at 27 bp 8.2 bn PLN +3.2% y/y 2.9 bn PLN +3.4% y/y +6.0% q/q 9M 26 3Q26 19.0 % - 0 . 8 p.p. y/y 20.6 % - 0.4 p.p . y/y +1.4 p.p . q/q 9M 26 3Q26 4.40 - 0. 46 p.p. y/y 4.46 - 0.24 p.p . y/y +0.15 p.p . q/q 9M 26 3Q26 31.0 % +0. 8 p.p. y/y 30.1 +1.2 p.p . y/y +1.3 p.p . q/q 9M 26 3Q26 % % % 27 - 0 .0 p. p . y/y 21 - 0.1 p.p . y/y - 0.1 p.p . q/q 9M 26 3Q26 bp bp 1.83 % 1.89 9M 26 3Q26 % - 0. 15 p.p. y/y - 0.15 p.p . y/y +0.05 p.p . q/q Net profit ROE NIM C/I CoR ROA
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5Financial results for 3Q 2026 BUSINESS TARGETS ALREADY AT STRATEGY 2027 AMBITION LEVELS ORGANIC GROWTH1 620 PLN bn of total assets +PLN 113bn since Q3 2024 Cash loan 22.6% Mortgage loan portfolio 27.5% SUSTAINABLE EARNINGS2 Highest gross profit in history 3 consecutive quarter NEW GROWTH DRIVERS3 ROE C/I CoR Capacity to pay dividends FINANCIAL TARGETS ALREADY AT STRATEGY 2027 AMBITION LEVELS ~120% increase in share price since the strategy announcement >PLN 124bn of new loan sales as of Q3 2026 >470k Allegro KLIK customers, with account opening available directly through Allegro Q4 2026 commercial launch planned 24% y/y growth in vehicle sales with financing (>8.1ths vehicles sold as of Q3 2026; c. 50ths vehicles available on Automarket) >2x y/y growth in gross written premium (PLN 1.2bn as of Q3 2026) Double-digit volume growth across key retail and corporate banking business lines We have already achieved some of our Strategy 2027 ambitions and are scaling up the next drivers of growth #1. Cash loan: part of the consumer lending portfolio New sales: loan receivables including leasing and factoring Allegro KLIK: as of 29 October 2026
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6 Macroeconomic outlook Financial results for Q3 2026 2 .
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7Financial results for Q3 2026 • GDP growth slowed in 3Q26, mainly due to statistical effects, while the underlying growth trend in the economy remained strong and even gained momentum in some areas (industrial activity, exports and investment). Investment is supported by the utilization of EU funds, with strong growth seen in areas related to the energy transition and defense. Export growth reflects strong global demand for goods linked to the AI investment boom. Consumption growth is moderating amid weaker growth in real income. • CPI inflation is being pushed up by the effects of the war in the Middle East, but regulatory measures (including the fuel tax cuts - CPN programme) are limiting the current pace of price increases and reducing the risk of second-round effects and a deterioration in inflation expectations. The Monetary Policy Council remains in wait-and-see mode, keeping NBP interest rates unchanged. • The strong economic environment and stable interest rates are supporting a recovery in lending. At the same time, the improving financial position of households and businesses is helping to maintain good credit portfolio quality. The domestic economy continues solid growth 3 GDP and its main components 1 Loan growth adjusted for exchange rate effects 3 N BP reference rate vs CPI inflation 2 1 Source: Statistics Poland, PKO Bank Polski; PKO BP estimate for 3Q26 2 Source: NBP, Statistics Poland, PKO Bank Polski. 3 Source: NBP, Statistics Poland, PKO Bank Polski. -15 -10 -5 0 5 10 15 20 Sep/16 Sep/18 Sep/20 Sep/22 Sep/24 Sep/26 GDP Consumption Investments % y/y -10 -5 0 5 10 15 Sep/16 Sep/18 Sep/20 Sep/22 Sep/24 Sep/26 Mortgage loans (PLN) Consumer loans Corporate loans %, y/y -2 0 2 4 6 8 10 12 14 16 18 20 Oct/20 Oct/21 Oct/22 Oct/23 Oct/24 Oct/25 Oct/26 CPI inflation Core inflation Reference rate (%) % y/y
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8Financial results for Q3 2026 Favourable macroeconomic conditions support lending growth 2 2025 2026F 2027F GDP % y/y 3.8 3.6 2.8 Consumption % y/y 4.0 2.9 3.0 Investments % y/y 4.9 9.7 1.7 Average salary % y/y 8.0 5.8 5.1 LFS unemployment rate (av) % 3.1 3.3 3.2 Inflation CPI (av) % 3.6 3.1 3.3 NBP reference rate % eop 4.00 3.75 3.00 WIBOR 3M % eop 3.99 3.82 3.05 Fiscal balance1 % GDP -7.2 -7.1 -7.1 Public debt 1 % GDP 59.6 66.3 71.4 EURPLN PLN eop 4.23 4.34 4.36 2025 2026F 2027F Loans total2 % y/y 5.5 5.5 6.9 Loans excluding government sector % y/y 5.3 9.9 6.9 Mortgage loans PLN % y/y 7.9 9.9 8.7 Consumer loans % y/y 8.3 9.8 8.3 Corporate loans 3 % y/y 6.5 6.8 6.5 New sales of mortgage loans % y/y 8.0 19.7 6.2 Deposits total % y/y 9.8 8.0 5.6 Deposits for private individuals % y/y 9.0 9.4 7.2 Corporate deposits 3 % y/y 11.9 8.1 6.5 Net assets of private individuals (TFI) % y/y 35.5 20.5 19.2 Macroeconomic environment Banking sector Source: Statistics Poland, Ministry of Finance, National Bank of Poland, PKO Bank Polski forecasts 1 General government In ESA2010 terms 2 The difference compared with the previously published forecast results from changes in the NBP methodology 3 Non-financial economic entities
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9Wyniki finansowe za 3 kwartały 2025 roku 9 Business activity 3 . Financial results for Q3 2026
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10Financial results for Q3 2026 23.61% 24.01% Sep 25 Sep 26 Double-digit growth in retail deposits (+12.6% y/y) and investment funds (+24.7% y/y) 3 +12.6% +3.4% +24.7% +3.4% +2.9%+12.7% +6.6%+12.1% q/qy/y +0.40 p.p . +45 bn - 0.10 p.p . +18 bn R etail deposits [PLN bn] Mutual funds AuM [PLN bn] 1 Market share – deposits of individuals Market share – retail mutual funds 1 Retail funds 309.2 338.5 348.3 52.3 54.9 58.6 361.4 393.5 406.9 Sep 25 Jun 26 Sep 26 Retail household depoists Companies 71.2 85.9 88.8 Sep 25 Jun 26 Sep 26 22.52% 22.42% Sep 25 Sep 26
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11Financial results for Q3 2026 124.4 137.8 143.1 45.7 52.6 54.834.2 36.5 37.4 204.4 226.9 235.3 Sep 25 Jun 26 Sep 26 Local currency mortgage Consumer Companies Double-digit growth in retail lending. Market share in loans to individuals in Poland exceeded 25% 3 +4.2% +3.9% +19.9% +15.1% +2.3%+9.1% q/qy/y +15.2% +3.7% +18.4% +2.0% +13.4%+48.3% -10.1%-6.6% q/qy/y +1.53 p.p . +31 bn +1.10 p.p . +3 bn Loans volume outstanding [PLN bn] New loan sales [PLN bn] Market share – consumer loans Market share – PLN mortgage loans 1 Gross financing excluding foreign currency mortgages 20.62% 22.15% Sep 25 Sep 26 26.37% 27.47% Sep 25 Sep 26 8.1 10.6 12.1 9.7 10.1 9.1 17.8 20.7 21.1 3Q25 2Q26 3Q26 PLN mortgage Consumer 1
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12Financial results for Q3 2026 Double-digit growth in corporate client financing. +15.6% y/y 3 +0.5% +4.4% +10.1% +17.6% +6.1%+13.4% q/qy/y +15.6% +3.9% +8.5% +6.6% +4.8%+9.0% +44.9%+0.5% q/qy/y - 0.01 p.p . +17 bn + 7 bn - 0.49 p.p . 1 16.95% 16.94% Sep 25 Sep 26 13.28% 12.79% Sep 25 Sep 26 Market share – business customer financing 2 Market share – business customer deposits 3 Corporate customer financing [PLN bn] Corporate customers savings [PLN bn] Market shares according to NBP 1 Excluding leasing loans reported under "Loans"; including them, growth would have reached 20.1% y/y and 7.6% q/q 2 Bank’s share in financing corporate clients, including loans, bonds, and other forms of debt financing 3 Deposits from non-monetary financial institutions, non -financial enterprises and local government units 78.5 81.6 85.6 5.4 3.8 5.4 83.9 85.4 91.0 Sep 25 Jun 26 Sep 26 Deposits Group's bonds on clients' accounts 7.5 8.5 8.9 2.1 2.3 2.31.4 1.5 1.6 110.6 123.0 127.9 Sep 25 Jun 26 Sep 26 Loans Bonds: corporate and municipal Leasing and factoring
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13Financial results for Q3 2026 Financing Poland’s economy. Powering its largest transactions 3 Syndicate loan EUR 342,000,000 Lender Global Mandated Lead Arranger Syndicated loan – new financing PLN 376,000,000 PKO BP share PLN 125,333,333 Syndicated loan – acquisition of medical facilities, debt refinancing, and further development Original Lender Syndicated loan - increase in financing by an amount of: EUR 35,000,000 PKO BP share: EUR 17,500,000 Arranger, Original Lender, Agent for the Polish Working Capital Facility Syndicated loan EUR 900,000,000 Bookrunner, Mandated Lead Arranger, Lender Term loan PLN 900,000,000 Original Lender Syndicated loan for PGE Gryfino Dolna Odra Sp. z o.o. to refinance the project financing of two CCGT units with a total capacity of 1.3 GW located in Gryfino PLN 3,050,000,000 Original Lender, Arranger Syndicated loan PLN 300,000,000 Original Lender, Guarantee Issuing Bank Syndicated loans - financing of the construction of two utility-scale battery energy storage facilities in Mieczysławów and Kamionka Approx. PLN 500,000,000 Lender, Arranger Syndicated bank guarantee lines PLN 225,000,000 Agent, Guarantee Issuing Bank PLN 230,000,000 Guarantee Issuing Bank CZECHOSLOVAK GROUP, a.s. Syndicated loan - Term and Revolving Senior Facilities EUR 2,867,000,000 USD 225,000,000 Lender Term loan for the refinancing of the acquisition of the Pelplin Wind Farm PLN 300,000,000 Lender Syndicated loan EUR 900,000,000 Lead Arranger, Lender, Agent Syndicated loan EUR 350,000,000 Agent, Arranger, Lender Syndicated loan PLN 409,500,000 Lead Arranger, Original Lender Senior non-preferred bonds issue PLN 150,000,000 Arranger, Dealer, Calculation Agent, Documentation Agent Syndicated loan for Polcom Investment VI to refinance Varso Tower EUR 170,000,000 Underwriter, Lead Arranger, Account Bank Note: Transactions conducted in Q3 2026
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14 Financial results Financial results for Q3 2026 4 .
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15Financial results for Q3 2026 4 • Net profit increased to PLN 8,223 mn despite higher tax charges and a lower net interest margin, offset by lower legal risk costs and higher business volumes • Reported ROE of 19.0% for 9M 2026 +3.2% +3.4% +6.0% Solid net profit Net profit [PLN mn ] Net profit quarterly [PLN mn ] 7,967 8,223 19.8 19.0 9M25 9M26 Net profit ROE (%) 2,837 2,715 2,522 2,768 2,933 21.0 18.9 17.3 19.2 20.6 3Q25 4Q25 1Q26 2Q26 3Q26
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16Financial results for Q3 2026 173 7,559 7,548 7,512 7,682 8,100 143 -139 129 -65 -165 7,702 7,409 7,642 7,617 7,935 3Q25 4Q25 1Q26 2Q26 3Q26 173 22,534 23,294 428 -100 22,962 23,194 9M25 9M26 Adjustment resulting from the CJEU judgment concerning financed costs associated with cash loans Core revenues Other income • Business income increased by 1.0% y/y to PLN 23,194 mn in the first nine months of 2026 • Core business income increased by 3.4% y/y over the same period Income from business activity 4 y/y q/q +3.4% y/y +5.4% +1.0% +3.0% +4.2% +7.1% +1.8% +1.8% +154.7% - - Result on business activity [PLN mn ] Result on business activity quarterly [PLN mn ] 1 NII, commission income and insurance income Excluding the impact adjustment resulting from the CJEU judgment concerning financed costs associated with cash loans Core revenues1
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17Financial results for Q3 2026 173 6,062 6,026 5,953 6,075 6,472 4.70 4.52 4.39 4.31 4.46 4.43 4.46 3.00 3.50 4.00 4.50 5.00 5.50 0 1000 2000 3000 4000 5000 6000 3Q25 4Q25 1Q26 2Q26 3Q26 173 18,198 18,499 4.86 4.40 4.44 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00 5.50 6.00 0 5,000 10,000 15,000 20,000 9M25 9M26 Adjustment resulting from the CJEU judgment concerning financed costs associated with cash loans Net interest income NIM % NIM after adjustment % Comparable net interest income up 2.6% y/y, driven by strong volume growth and the continued stabilization of the net interest margin 4 • Comparable net interest income for the first three quarters of 2026 increased by 2.6% y/y, driven by volume growth that more than offset the easing pressure on NIM • Strong growth in comparable net interest income in Q3 2026, up 3.6% q/q, supported by robust volume growth and improving NIM +1.7% +6.8% +6.5% +2.6% +3.6% - - Net interest income [PLN mn ] Net interest income quarterly [PLN mn ] Excluding the impact of the CJEU ruling on financed cash loan costs
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18Financial results for Q3 2026 842 837 713 727 682 743 883 902 753 983 3,873 4,193 9M25 9M26 Customer accounts & other Cards Currency exchange Loans, insurance and operational leasing Mutual funds & brokerage 287 304 282 282 273 256 230 225 255 247 238 243 234 252 257 307 309 296 320 286 257 284 342 297 345 1,345 1,370 1,378 1,407 1,408 3Q25 4Q25 1Q26 2Q26 3Q26 Fee and commission income up 8.2% y/y 4 • Fee and commission income increased by 8.2% y/y in the first 3 quarters of 2026, driven by positive contributions from investment fund, brokerage, foreign exchange, lending, and card income +8.2% +4.7% +0.1% y/y q/q +34.2% +16.0% -6.9% -10.8% +8.1% +2.2% -3.6% -4.9% -3.1% -3.4% +30.6% +2.1% +9.0% +2.0% -0.7% y/y Fee and commission income [PLN mn ] Fee and commission income quarterly [PLN mn ]
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19Financial results for Q3 2026 30.2 31.0 9M25 9M26 High level of cost efficiency with a reported C/I ratio of 31.0% 4 • Growth of total costs by 3.7% y/y in 9M 2026 • Q3 costs impacted by the annual salary increase cycle • Cost-to-income ratio at 31.0% in 9M 2026 +7.5% +9.0% +3.7% +4.0% +10.5% +1.2 p.p . +1.3 p.p . +0.8 p.p . +9.3% Operating expenses [PLN mn ] Cost/Income ratio [%] Cost/Income ratio quarterly [%] Operating expenses quarterly [PLN mn ] 3,780 3,968 2,531 2,598 633 635 6,945 7,202 9M25 9M26 Personnel expenses Overheads and depreciation Other Excl. regulatory costs 1,279 1,413 1,251 1,274 1,444 859 1,002 793 888 918 83 79 582 28 25 2,221 2,494 2,626 2,189 2,387 3Q25 4Q25 1Q26 2Q26 3Q26 28.8 33.7 34.4 28.7 30.1 3Q25 4Q25 1Q26 2Q26 3Q26
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20Financial results for Q3 2026 10.50% 5.50% 0.50% 0.41% 11.00% 5.91% 5.91% MREL TEM 9M26 MREL TEM Requirement Expected requirement 6M27 CET1, Tier2, SNP SP 2 2 Strong issuance activity driven by MREL requirements 4 MREL TREA 3 MREL TEM 3 750 500 732 700 500 500 500 309 750143 239 349 469 500 893 1,489 658 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Senior non preferred Senior preferred Tier 2 750 500 732 700 500 500 500 309 750 818 500 1,250 1,518 1,000 2026 2027 2028 2029 2030 2031 2032 2033 Senior non preferred Senior preferred Tier 2 MREL - eligible bond maturity profile [EUR mn ] 1 MREL - eligible bond call date profile [EUR mn ] 1 6.58% 6.58% 6.58% 15.98% 13.53% 13.91% 1.07% 1.83% 1.45% 23.63% 21.94% 21.94% MREL TREA 9M26 MREL TREA Requirement and CBR Expected requirement 6M27 CBR based on TREA for MREL purposes CET1, Tier2, SNP SP 2 CBR - Combined Buffer Requirement, SNP – Senior Non-Preferred, SP – Senior Preferred 1 EUR rate according NBP as of issue day 2 The subordination requirement specified by BGF in the letter dated November 26, 2025 for Top Tier Bank 3 MREL requirement fulfilled as of Q3 2026, ahead of official reporting to BFG
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21Financial results for Q3 2026 16.80% 17.18% Jun-26 Tier 2 Recognition of part of the 1H 2026 profit Proceeds from securitisation transactions Others Cumulative other comprehensive income (OCI) Change in the loan volume Sep-26 Active execution of capital optimization initiatives and measures to meet MREL requirements 4 Quarterly change of the consolidated total capital ratio (TCR) • EUR 500 mn Tier 2 bond issuance, adding 69 bp to capital ratio • Inclusion of a portion of H1 2026 net profit in regulatory capital, subject to PFSA approval, adding 37 bp • Securitisation transaction, adding 29 bp +69 bp +37 bp +29 bp -31 bp+11 bp -77 bp
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22Financial results for Q3 2026 216 209 263 242 186 0.28 0.27 0.31 0.29 0.21 -0.90 0.10 1.10 2.10 0 100 200 300 3Q25 4Q25 1Q26 2Q26 3Q26 270 52 9M25 9M26 712 691 0.32 0.27 -0.09 0.41 0.91 0 200 400 600 800 9M25 9M26 Net impairment allowance Cost of risk [%] Cost of risk under control, consistently maintained below the levels adopted in the strategy 4 - 14. 1 % - 23 . 2 % - 2. 9 % 1 • Cost of credit risk at 27 bps reflects the absence of significant pressure on asset quality Allowances due from customers for disbursed principal re. CHF loans [PLN mn ] Net impairment allowance [ P LN mn ] Net impairment allowance quarterly [PLN mn ] 55 15 38 29 - 15 3Q25 4Q25 1Q26 2Q26 3Q26 1 Incl. off balance
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23Financial results for Q3 2026 47.6% 48.0% 48.9% 9.3% 10.2% 10.4% 3Q25 2Q26 3Q26 5.06% 5.19% 5.09% 1.01% 0.87% 0.82% 5.34% 4.98% 5.11% 3.46% 3.43% 3.39% 3Q25 2Q26 3Q26 Corporate Mortgage Consumer Share of stage 3 receivables at the level of 3.39% 4 Q3 2026Total Total Provision coverage of receivables in stage 2 and 3 [%] Share of receivables in stage 2 and 3 [%] Quarterly cost of credit risk 1 [bps] Share of receivables in stage 3 [%] 1 Cost of risk incl. off balance Value of provisions in Stage 3 relative to Stage 3 receivables Value of provisions in Stage 2 relative to Stage 2 receivables 28 29 21 22 50 13 - 9 0 - 19 153 39 146 3Q25 2Q26 3Q26 Total Corporate Mortgage Consumer 3.46% 3.43% 3.39% 11.43% 9.16% 8.35% 3Q25 2Q26 3Q26 Share Stage 3 Share Stage 2 46.4% 52.4% 54.8% 8.6% 10.4% 19.1% corporate mortgage consumer
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24Financial results for Q3 2026 178.2 6.9 4.1 67.1 69.2 22.0 9.0 Total CHF mortgage contracts remaining repaid settlements final verdict cases in courts Remaining active contracts 451 6,552 1,914 5,430 4,899 4,365 1,055 2019 2020 2021 2022 2023 2024 2025 9M26 Over 90% of active contracts covered by a settlement, court ruling, or currently being processed, PLN 25 bn in provisions recognized 4 PLN 24.7 bn legal risk provisions since 2019 Status of credit agreements in CHF [ ths ] Legal risk provisions [PLN mn ] Coverage of mortgage loans in CHF [%] 1 Provisions for mortgage loans in CHF [PLN bn] 1 Mortgage loan provision coverage – Legal risk provisions and legal risk – reduction of the carrying value to the gross carrying value of FX mortgage loans incl. cost of legal risk Cases in courts re. active contracts Cases in courts re. repaid contracts 0.1 0.1 0.1 0.1 0.1 5.7 5.6 5.3 4.9 4.6 5.8 4.9 4.4 3.7 3.0 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Credit risk Legal risk provisions Legal risk - reduction of the carrying value 55% 70% 71% 86% 98% 107% 116% 136% 137% 153% 165% 177% 181% 188% 200% Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Sep-25 Mar-26 Sep-26 PKO Bank 1 Bank 2 Bank 3 Bank 4
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25Financial results for Q3 2026 14.43 14.43 17.18 Minimum regulatory capital ratio Criterion for dividend payment up to 75% PKO Bank Polski Group 12.43 12.43 15.28 Minimum regulatory capital ratio Criterion for dividend payment up to 75% PKO Bank Polski Group Solid capital position allowing to finance investments in the economy 4 • CET1 ratio at 15.28%, with a 285 bp capital surplus above the minimum requirement for dividend distribution 1 2 1 2 +2.85 p.p. +2.75 p.p. CET1 = Tier1 capital ratio [%] Total capital ratio (TCR) [%] 1 Tier 1: CRR 6% + conservation buffer 2.5% + OSII buffer 2% + countercyclical buffer 1.93% ; TCR: CRR 8% + conservation buffer 2.5% + OSII buffer 2% + countercyclical buffer 1.93% 2 Tier 1: CRR 6% + conservation buffer 2.5% + OSII buffer 2% + countercyclical buffer 1.93%; TCR: CRR 8% + conservation buffer 2.5% + OSII buffer 2% + countercyclical buffer 1.93% + the portfolio of receivables from the non-financial sector demonstrated good credit quality both at the Group and Bank level (with an NPL ratio below 5%). The sensitivity of net interest income (ΔNII) and the sensitivity of economic value (ΔEVE) remained below the regulatory limits (on both standalone and consolidated basis), i.e. not exceeding 5% and 15% of the Bank’s/Group’s Tier 1 capital, respectively.
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26 Conclusions Financial results for Q3 2026 5 .
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27Financial results for Q3 2026 Continuing our growth 5 PLN 8.22 bn of net profit including PLN 1.1 bn of CHF legal risk provisions Double-digit growth in financing for Polish households and the economy, up 15.3% y/y Net interest income growth driven by strong volume expansion, with solid fee and commission income growth of 8.2% y/y Reported ROE of 19.0%, supported by strong capital position with a Tier 1 ratio at 15.28% C/I ratio of 31.0% and CoR of 27 bp Poland's Best Bank for Large Corporates • The bank was recognized for its scale of operations, financing of strategic investments, comprehensive offering for large corporates, and a collaborative model that integrates the expertise of the entire PKO Bank Polski Group Global Finance 2026. PKO Bank Polski was honored with three awards in the prestigious Global Finance rankings: • Best Investment Banks Awards 2026 • Sustainable Finance Awards 2026 Mobile Trends Awards • The PKO Junior application won in the Mobile Banking for Children category • The mobile application of PKO Bank Polski S.A. took second place in the internet users’ vote and was the only banking application to do so Institution of the Year 2026 ranking • Best mobile application • Best online banking • Best service in remote channels • Best remote account opening process - selfie • Best service in a branch • Best personal banking - service in a branch • Additionally, as many as 57 branches and agencies of the Bank were awarded the title of the Best Bank Branch in Poland Złoty Bankier 2026 • PKO Junior received the main product award in the "account for a child" category for the third time in a row • PKO Bank Polski once again placed in the top three in the main “Złoty Bank” ranking – multichannel service quality • The mortgage loan also received a distinction - 3rd place in the product category Banking and Insurance Forum – Financial World Leaders Competition • PKO Bank Polski was honoured with the award for the Best Bank. The jury recognised the Bank’s financial performance, market position, digital development and effective implementation of its strategy. President of the Management Board Szymon Midera was awarded the title of Visionary of Finance
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28 Działalność biznesowa Financial results for Q3 2026 2 . Supplementary information 6 .
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29Financial results for Q3 2026 6 +15.3% +3.8% +13.3% +3. 7 % Concentration by industry 4 [%] 22.8% 15.1% 15.1%7.6% 10.0% 29.5% Financial and insurance Industrial processing Public administration and national defense Real estate Wholesale and retail trade Other Double-digit growth in customer financing and acquired savings y/y 1 Includes loans (excluding FX mortgage loans), corporate and municipal bonds (excluding PFR, BGK, EIB corporate bonds), leasing and factoring (but excludes repo transactions) 2 Includes deposits, TFI (mutual funds) assets and treasury savings bonds of the bank, other entities of the bank’s Group accumulated on the clients’ bank accounts and covered bonds 3 The position covers UAH loans 4 As of 31 December 2025 Gross customer financing [PLN bn] 1 Customer savings [PLN bn] 2 1.1 37.4 54.8 127.9 143.1 10% 20% 30% 40% 50% -70% -60% -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% Share of the portfolio Volume growth (y/y) Mortgages in FX Mortgages in local currency3 Corporate customer financing Consumer loans Enterprises 597.7 91.0 58.6 20% 40% 60% 80% 100% 0% 5% 10% 15% 20% 25% Share of the portfolio Volume growth (y/y) Enterprises Corporate customers savings Individual customers savings 315.0 327.1 337.9 350.0 363.2 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 659.7 692.0 707.4 720.7 747.3 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26
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30Financial results for Q3 2026 6 2 Structure of loans and deposits and liquidity 1 Amounts due to customers 2 Amounts due to customers and long-term sources of external funding: issuance of covered bonds, securitization, unsecured obligations, subordinated liabilities, loans from financial institutions Currency structure of gross loans portfolio [%] Structure of funding [%] Term structure of total deposits 1 [%] LCR and NSFR [%] 69.1 68.6 69.3 71.0 71.2 64.2 63.5 64.3 65.1 65.5 3Q25 4Q25 1Q26 2Q26 3Q26 Net customer financing/Net deposits Net customer financing/Stable sources of funding 86.8 87.0 86.6 86.5 86.4 85.8 13.2 13.0 13.4 13.5 13.6 14.2 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Banking sector Sep-26Local currency FX 73.8 74.8 74.0 74.9 74.7 69.3 26.2 25.2 26.0 25.1 25.3 30.7 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Banking sector Sep-26 Current+O/N Term 257% 156% 252% 160% Liquidity Coverage Ratio (LCR) Net Stable Funding Ratio (NSFR) 3Q25 3Q26
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31Financial results for Q3 2026 6 - 33.0% - 12.2% Gross mortgage loans Volume of mortgage loans [PLN bn] 1 Volume of CHF mortgage loans, net [PLN bn] 2 Average carrying value of mortgage loan to be repaid [PLN ths ] Average LTV [%] 1 Includes data for PKO Bank Polski, PKO Bank Hipoteczny and KredoBank 2 Gross carrying amount – excl. cost of legal risk 215 220 226 232 238 216 222 227 233 239 203 200 202 199 195 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Total In local currency FX 72 72 71 72 73 35 35 39 40 41 49 50 51 51 55 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Average LTV of new sales Current average LTV of FX loans portfolio Current average LTV of LC loans portfolio 124 128 133 138 143 2.1 1.5 1.3 1.2 1.1 0.4 0.3 0.2 0.2 0.2 -0.5 1.5 3.5 100 110 120 130 140 150 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 In local currency FX FX share in total assets [%] 1.1 1.0 1.0 0.9 0.8 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26
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32Financial results for Q3 2026 Capital adequacy 6 Leverage ratio [%] - 0.1 p.p . - 0.36 p.p . 1 Share of risk-weighted assets related to credit risk and counterparty risk in relations to their respective net exposure values Effective risk weight [%] 1 7.45 7.13 6.93 7.13 7.09 3Q25 4Q25 1Q26 2Q26 3Q26 35.8 35.3 35.7 35.4 35.8 3Q25 4Q25 1Q26 2Q26 3Q26
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33Financial results for Q3 2026 6 • As part of its mortgage banking operations, the Bank: • introduced POLSTR 1M Compounded Rate, a new benchmark rate for mortgage loan offerings, including the digital mortgage loan • launched a mortgage promotion in cooperation with Samsung under the name “Make Your Home with Samsung” • launched a special offer for the Własny Kąt mortgage loan and the Digital Mortgage Loan, featuring fixed interest rates reduced by 0.4, 0.5 or 0.8 p.p. for the first five years • As part of its digital mortgage offering, the Bank introduced: • PKO Property Valuation – a tool enabling users to estimate the approximate value of a property, analyse property data and price trends, and assess location characteristics • financing for properties purchased on the primary market, with payment deferred until ownership is transferred • Government bond purchases available for customers without a bank account • Additional security features based on behavioural biometrics solutions • Ability for business customers to apply for payment terminals • Regular pocket money as an automatic transfer to a child's account • Access to detailed information on the active Allegro KLIK service • New insurance product for children and young adults up to the age of 26, available in two variants 2 • Deposit Assistant, helping customers make informed decisions when opening term deposits • New card section design, optimized for all screen sizes • Combined view of completed and pending card transactions • New security messages displayed during login to online banking 8.8 8.7 8.7 8.7 8.9 287 303 294 317 315 3Q25 4Q25 1Q26 2Q26 3Q26 Active mobile apps IKO Number of transactions 6.6 6.7 6.8 6.9 7.0 84% 84% 86% 85% 86% 3Q25 4Q25 1Q26 2Q26 3Q26 Number of IKO active users Share of digtial clients Retail Customers – new products and service enhancements Selected new services in PKO’s internet service New products and customer conveniences Selected new services in mobile banking Number of mobile application s and number of transactions quarterly [ mn ] Number of clients logging into mobile application s [ mn ] 1 1 According to the PRNews methodology, the number of mobile banking users who log in to the Bank via a mobile device at least once per month 2 Share of digital customers in the total number of active customers
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34Financial results for Q3 2026 Increased use of AI and robots in customer service and sales 6 Bots Robotic Process Automation As of 30 September 2026, our bots had handled more than 104 mn conversations, representing a 25% y/y increase. Five of them surpassed the 3 mn interaction mark: the IKO voice assistant, the contact centre bot, the soft collections bot, the cash loan lead-generation bot, and the mObywatel activation confirmation bot • A total of 202 processes within the Bank’s operations area and 285 processes across other Bank units and the Group were automated using robotic process automation • At the end of September, the RPA platform surpassed 560 mn completed transactions/tasks • In the third quarter of 2026, software robots processed more than 29 mn cases through fully automate3 qd workflows • Selected implementations included: • implemented the first AI Agent-based solution to support customer service interactions • expanded AI capabilities within Brokerage Services • extended AI support to regulatory and compliance functions • deployed AI solutions across operational and administrative processes • Launched Agent 0, the Bank’s first sovereign AI agent supporting operational processes. The agent automatically analyses and classifies incoming messages, reducing the handling time of an individual case from approximately six minutes to two minutes. This translates into a nearly 70% reduction in operational processing time • The Bank is building the capabilities and technology platform required to enable the deployment of additional AI agents supporting customer service, document processing, and internal operations. In the coming quarters, AI will be used not only to automate individual tasks but also to transform end-to- end business processes • The Bank continues to enhance its capabilities in conversational banking, speech recognition, voice synthesis, and advanced AI-powered interfaces • The Bank is assessing the impact of AI on the future of payments, commerce, and financial services • Published new embedding models on Hugging Face to support content clustering and classification in the Polish language Artificial intelligence Robotic Process Automation, tasks completed by robots [ mn ] Calls with customers completed by bots [ mn ] 19 23 25 26 27 27 27 28 30 30 28 27 29 3Q 23 1Q 24 3Q 24 1Q 25 3Q 25 1Q 26 3Q 26 3.5 3.8 6.7 6.2 6.0 6.3 6.7 6.6 6.6 6.9 6.9 6.9 6.9 3Q 23 1Q 24 3Q 24 1Q 25 3Q 25 1Q 26 3Q 26
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35Financial results for Q3 2026 Corporate Clients – New products and service enhancements 6 Products and support for customers • Introduced the option of fixed-rate financing for corporate clients under term loan and investment loan facilities • Expanded the range of reference rates available for selected lending products dedicated to the local government sector by introducing a POLSTR-family benchmark rate • Commenced acceptance of applications for credit commitment letters from corporate clients seeking Dual Use grants under the cooperation framework with Bank Gospodarstwa Krajowego • Implemented enhancements to the financing process for contracts executed under the “Local Content. For the Benefit of Poland” programme, supporting the development of the domestic supply chain and strengthening the growth potential of Polish enterprises. Awards & Recognition • PKO Bank Polski was named “Poland’s Best Bank for Large Corporates” at the Euromoney Awards for Excellence 2026. The award recognised the Bank’s scale of operations, its role in financing strategic investments, its comprehensive value proposition for large corporate clients, and its collaborative service model that leverages the expertise and capabilities of the entire PKO Bank Polski Group. Corporate customers (corporate and enterprises) 32 ths Active users of PKO’s online banking service for medium - sized and large enterprises 2 4 ths
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36Financial results for Q3 2026 Company segment customers 6 Products and support for customers • The Bank became the first bank in Poland to introduce the Notarial Escrow Account (“Konto depozytu notarialnego”) for notaries. The account is designed to hold funds in connection with notarial transactions and to document such transactions • In Q3 2026, the Bank launched an invoice financing service of up to PLN 200,000 for business customers operating for less than 18 months • Allegro Kapitał Loan • increased the maximum loan amount to PLN 500,000 • enabled Allegro account holders whose accounts were opened less than 12 months ago to apply for financing • In July, the Bank introduced a simplified application process in the PKO mobile app for customers wishing to purchase a POS terminal. As of 8 October, customers have also been able to apply through online banking using the simplified process • The Bank enabled foreign nationals running sole proprietorships to open business accounts remotely via the mobile app and online banking • Expanded the offering to cover new business activity categories (up to 70% of PKD classification codes) and increased the liability coverage limit under business liability insurance +9.1% +2.3% +12.1% +6.6% 689 tys. 591 tys. 80 tys. Customers with access to PKO’s online banking service for medium - sized and large enterprises Customers with access to PKO’s online banking service for retail customers and small and medium - sized enterprises Customers Outstanding financing for companies [PLN bn] Deposits of companies [PLN bn] 18.3 19.6 20.1 16.0 16.9 17.3 34.2 36.5 37.4 Sep 25 Jun 26 Sep 26 Loans Leasing and factoring 52.3 54.9 58.6 Sep 25 Jun 26 Sep 26
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37Financial results for Q3 2026 KREDOBANK S.A. 6 64 1,503 Employees (Group) Branches (Group) KREDOBANK S.A. is a universal bank which services customers mainly in the western part of Ukraine and in Kyiv. At the end of 2025, the company had its head office in Lviv and 64 branches, including 11 branches located in the regions most affected by hostilities. It grants loans mainly to corporate and SME customers, also under government programmes and in cooperation with foreign banks. KREDOBANK S.A. is on the list of systemically important banks, which comprises the 16 largest Ukrainian banks. This status confirms the bank's important role in the operations of the Ukrainian banking sector. The liquidity of KREDOBANK S.A. remained stable and secure, despite the ongoing war in Ukraine. KREDOBANK S.A. GROUP (PLN mn) 30-Sep-26 30-Sep-25 ∆ Gross loans 1 798 1 431 26% Gross deposits 5 743 5 034 14% Total assets 6 784 5 887 15% Equity 796 691 15% 9M 2026 9M 2025 ∆ Net income 61 101 -40%
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38Financial results for Q3 2026 Wholesale financing 6 SP - Senior Preferred (MREL) SNP - Senior Non Preferred (MREL) PKO BP financing structure by instrument type [PLN bn] Maturity profile by instrument type [PLN bn] +26.0% - 1.1% 7.2 10.6 11.2 3.2 3.2 3.3 10.6 15.8 15.0 6.2 7.6 7.3 5.8 5.6 5.7 1.2 0.8 0.8 34.3 43.6 43.2 3Q 25 2Q 26 3Q 26 Residential mortgage covered bonds SP SNP Tier 2 Short-term bonds Loan from international financial institutions 1.0 0.8 0.8 0.8 1.0 1.6 5.5 8.8 8.8 3.3 3.2 0,2 3.2 5.4 2.2 2.1 3.1 3.2 5.3 5.2 5.2 2.1 4.4 1.1 0.4 0.6 0.6 1.6 1.0 3.0 4.1 4.2 1.5 1.5 1.5 5.8 5.6 5.7 0.4 0.6 0.6 0.6 0.2 0.1 0.1 11.5 15.9 13.1 7.3 5.8 5.8 13.9 18.2 18.4 3.6 5.9 3Q25 2Q26 3Q26 3Q25 2Q26 3Q26 3Q25 2Q26 3Q26 3Q25 2Q26 3Q26 < 1Y 1Y - 2Y 2Y - 5Y > 5Y
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39Financial results for Q3 2026 T2, SP, SNP Bond issues outstanding 6 1 Partial redemption of Series OP0827 subordinated bonds. The aggregate nominal value of the bonds remaining outstanding after completion of the offer amounts to PLN 608.5 mn TYPE OF NOTES ISSUE DATE MATURITY DATE NEXT CALL DATE PRINCIPAL COUPON 06.10.2033 06.04.2034 first 6 years 4.125%; floating, EURIBOR 3M + 1.00% first 5 years 4.09%; floating, EURIBOR 3M + 1.30% first 4 years 3.75%; floating, EURIBOR 3M + 0.93% first 6 years 3.625%; floating, EURIBOR 3M + 1.20% first 5 years 3.625%; floating, EURIBOR 3M + 1.42% first 2 years and 5M - 3.375% floating, EURIBOR 3M + 1.05% first 2 years - 3.875% floating, EURIBOR 3M + 1.40% first 4 years - 4.50% floating, EURIBOR 3M + 1.55% first 3 years - 4.50% floating, EURIBOR 3M + 1.60% Senior non preferred 28.02.2024 28.02.2029 28.02.2028 28.08.2028 PLN 1.0 bn floating, WIBOR 6M + 1.59% Subordinated bonds Tier 2 05.03.2018 06.03.2028 06.03.2023 PLN 1.0 bn floating, WIBOR6M + 1.50% Subordinated bonds Tier 21 28.08.2017 28.08.2027 28.08.2022 PLN 1.7 bn floating, WIBOR6M + 1.55% Senior non preferred bonds 06.10.2026 06.10.2034 PLN 1.35 bn 30.06.2025 30.06.2031 EUR 0.75 bn Subordinated capital bonds Tier 2 16.10.2024 16.10.2034 16.10.2029 16.10.2030 16.10.2031 16.10.2032 16.10.2033 Senior non preferred Green bonds 12.09.2024 12.09.2027 12.09.2026 30.06.2030 floating, WIBOR6M + 2.20% EUR 0.75 bn Senior non preferred 18.06.2024 18.06.2029 18.06.2028 Senior non preferred 27.03.2024 27.03.2028 27.03.2027 floating, WIBOR6M + 1.75%Subordinated capital bonds Tier 2 24.09.2025 24.09.2035 16.10.2029 16.10.2030 16.10.2031 18.10.2032 17.10.2033 PLN 2.0 bn Senior preferred 16.01.2025 16.06.2028 16.06.2027 Senior non preferred Green bonds EUR 0.5 bn PLN 1.5 bn EUR 0.5 bn EUR 0.5 bn 20.11.203120.11.2032 EUR 0.5 bn floating, WIBOR6M + 1.55% Senior non preferred bonds 06.05.2026 06.05.2030 06.05.2029 EUR 0.7 bn Senior non preferred Green bonds 20.11.2025 Senior non preferred Green bonds 01.09.2026 01.09.2033 01.09.2032 EUR 0.5 bn Subordinated Tier 2 Green bonds 24.06.2026 24.06.2036 24.06.2031 EUR 0.5 bn
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40Financial results for Q3 2026 The balance sheet of PKO Bank Polski Group 6 1 Excl. municipal and corporate securities ASSETS (PLN billion) Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 y/y q/q Cash and balances with the Central Bank 19 22 17 16 23 +20,5% +47,3% Amounts due from other banks 8 4 8 8 7 -10,3% -4,1% Reverse repo transactions 1 2 1 2 2 >100% -16,7% Net customer financing 305 316 326 338 350 +15,1% +3,8% Securities1 204 219 223 227 218 +6,9% -3,9% Other assets 18 20 19 19 19 +5,8% +3,6% TOTAL ASSETS 555 583 594 608 620 +11,8% +1,9% LIABILITIES AND EQUITY (PLN billion) Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 y/y q/q Total equity 55 59 60 56 57 +3,4% +2,2% Amounts due to the Central Bank and due to banks 4 5 4 4 5 +6,3% +32,3% Loans and advances received 1 1 1 1 1 -32,9% -1,7% Subordinated liabilities and debt securities in issue 32 36 36 42 41 +28,0% -1,4% Amounts due to customers 440 461 471 476 492 +11,8% +3,5% Liabilities of insurance activities 2 2 2 2 2 -7,9% -0,8% Other liabilities 20 22 22 29 22 +10,9% -24,2% TOTAL EQUITY AND LIABILITIES 555 583 594 608 620 +11,8% +1,9%
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41Financial results for Q3 2026 The profit and loss account of PKO Bank Polski Group 6 PROFIT AND LOSS ACCOUNT (PLN MILLION) 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 y/y q/q 9M 25 9M 26 y/y Net interest income 6 062 6 026 5 953 6 075 6 472 +6,8% +6,5% 18 198 18 499 +1,7% Net fee and commission income 1 345 1 370 1 378 1 407 1 408 +4,7% +0,1% 3 873 4 193 +8,2% Other income 295 13 311 136 55 -81,3% -59,4% 891 502 -43,7% Insurance income 152 152 181 201 220 +44,7% +9,7% 463 602 +30,1% Dividend income 1 0 0 56 0 -71,5% -99,7% 14 56 >100% Trading income 75 46 51 65 63 -16,6% -3,7% 223 179 -19,9% Net foreign exchange gains 74 79 101 85 96 +30,1% +13,2% 189 281 +48,8% Gains/(losses) on derecognition on financial assets and liabilities 11 5 7 11 2 -79,6% -79,4% 46 20 -56,8% Net other operating income and expense (17) (269) (29) (281) (326) >100% +16,1% (44) (636) >100% Total income items 7 702 7 409 7 642 7 617 7 935 +3,0% +4,2% 22 962 23 194 +1,0% Total operating expenses (2 221) (2 494) (2 626) (2 189) (2 387) +7,5% +9,0% (6 945) (7 202) +3,7% result on regulatory charges (83) (79) (582) (28) (25) -69,6% -8,3% (633) (635) +0,3% Allowances for expected credit losses (216) (209) (263) (242) (186) -14,1% -23,2% (712) (691) -2,9% Net impairment allowances on non-financial assets (114) (179) (89) (180) (41) -64,1% -77,3% (395) (309) -21,6% Cost of risk on FX mortgages (1 154) (990) (388) (297) (371) -67,9% +24,9% (3 375) (1 055) -68,7% Tax on certain financial institutions (340) (348) (354) (373) (369) +8,8% -1,0% (1 001) (1 097) +9,6% Share in net profit (losses) of associates and jointly controlled entities 47 16 41 18 33 -30,8% +79,4% 109 92 -15,5% Profit before income tax 3 705 3 205 3 963 4 355 4 614 +24,5% +6,0% 10 644 12 932 +21,5% Income tax expense (867) (489) (1 443) (1 585) (1 680) +93,8% +6,0% (2 676) (4 708) +76,0% Net profit attributable to non-controlling shareholders 1 0 (1) 1 1 -57,9% -38,7% 1 0 -85,5% Net result attributable to the parent company 2 837 2 715 2 522 2 768 2 933 +3,4% -7,2% 7 967 8 223 +3,2%
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42Financial results for Q3 2026 Key ratios 6 Note: Ratios presented in the period 1 With off - balance KEY RATIOS (%) 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 y/y q/q 9M 25 9M 26 y/y ROE net 21,0 18,9 17,3 19,2 20,6 -0,4 p.p. +1,4 p.p. 19,8 19,0 -0,8 p.p. ROTE net 22,7 20,4 18,6 20,7 22,2 -0,5 p.p. +1,5 p.p. 21,4 20,5 -1,0 p.p. ROA net 2,04 1,89 1,74 1,85 1,89 -0,15 p.p. +0,05 p.p. 1,97 1,83 -0,15 p.p. C/I 28,8 33,7 34,4 28,7 30,1 +1,2 p.p. +1,3 p.p. 30,2 31,0 +0,8 p.p. NIM 4,70 4,52 4,39 4,31 4,46 -0,24 p.p. +0,15 p.p. 4,86 4,40 -0,46 p.p. NPL ratio 3,46 3,34 3,30 3,43 3,39 -0,08 p.p. -0,04 p.p. 3,46 3,39 -0,08 p.p. Coverage ratio 90,5 90,0 90,7 87,2 86,6 -3,9 p.p. -0,6 p.p. 90,5 86,6 -3,9 p.p. Cost of risk 1 0,28 0,27 0,31 0,29 0,21 -0,07 p.p. -0,08 p.p. 0,32 0,27 -0,05 p.p. LCR - liquidity coverage ratio 257,2 271,8 270,7 267,1 252,3 -4,90 p.p. -14,80 p.p. 257,20 252,30 -4,9 p.p. NSFR - net stable funding ratio 155,9 158,7 160,5 160,8 159,6 +3,7 p.p. -1,2 p.p. 155,9 159,6 +3,7 p.p. TCR 17,95 17,10 16,44 16,80 17,18 -0,76 p.p. +0,38 p.p. 17,95 17,18 -0,76 p.p. Tier 1 capital ratio 16,29 15,57 14,99 15,55 15,28 -1,01 p.p. -0,27 p.p. 16,29 15,28 -1,01 p.p.
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43Financial results for Q3 2026 Key operational data 6 1 The number of mobile banking users who log into the bank from their mobile device at least once a month Current accounts ('000) 9 705 9 764 9 839 9 927 10 032 +3,4% +1,1% Banking cards ('000) 10 971 10 980 11 024 11 093 11 205 +2,1% +1,0% of which: credit cards 955 956 958 965 973 +1,9% +0,8% Active mobile banking applications ('000) 8 816 8 728 8 682 8 736 8 918 +1,2% +2,1% Active mobile banking users ('000) 1 6 593 6 694 6 826 6 877 7 027 +6,6% +2,2% Number of corporate customers with access to e-banking (000) 23,2 23,5 23,6 23,9 24,2 +4,2% +1,3% Number of companies customers with access to e-banking (000) 76,2 76,9 77,4 79,0 79,6 +4,5% +0,9% Branches: 945 947 948 954 953 +0,8% -0,1% - retail 898 898 898 897 896 -0,2% -0,1% - corporate 47 49 50 57 57 +21,3% 0,0% Agencies 232 225 224 224 221 -4,7% -1,3% ATMs 3 075 3 117 3 108 3 138 3 133 +1,9% -0,2% Number of customers ('000) 12 417 12 460 12 532 12 614 12 723 +2,5% +0,9% - retail 11 738 11 770 11 831 11 903 12 002 +2,2% +0,8% - corporate 33 33 32 32 32 -2,4% +0,3% - companies 646 657 670 679 689 +6,6% +1,5% Employment eop (FTEs '000) Group 26,0 26,3 26,4 26,6 26,5 +2,0% -0,2% Number of operations performed by robots (in '000) 29 831 30 037 28 432 27 913 29 840 +0,0% +6,9% Sep-26Jun-26 y/y q/qMar-26PKO BANK POLSKI OPERATING DATA (EOP) Dec-25Sep-25
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44Financial results for Q3 2026 Customer financing and savings 6 1 Bonds issued by PFR, BGK and EIB were excluded from the volume of corporate bonds 2 Including the volume of retail customers bonds CUSTOMER FINANCING (PLN BN) Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 y/y q/q Financing 296,3 306,1 316,5 328,5 341,4 +15,2% +3,9% mortgages 126,5 129,9 134,5 138,9 144,2 +14,0% +3,8% mortgages in local currency 124,4 128,3 133,1 137,8 143,1 +15,1% +3,9% FX mortgages 2,1 1,5 1,3 1,2 1,1 -49,5% -12,0% consumer loans 45,7 47,7 49,7 52,6 54,8 +19,9% +4,2% companies 34,2 34,7 35,8 36,5 37,4 +9,1% +2,3% corporate 89,9 93,9 96,6 100,3 105,0 +16,9% +4,7% Debt securities 20,7 22,5 22,7 22,7 22,8 +10,1% +0,5% municipal bonds1 15,8 17,0 17,0 16,9 17,3 +9,2% +2,1% corporate bonds 4,9 5,6 5,7 5,8 5,6 +13,1% -4,0% Gross customer financing 317,0 328,6 339,2 351,2 364,3 +14,9% +3,7% Net customer financing 304,5 315,9 326,2 337,8 350,5 +15,1% +3,8% CUSTOMER SAVINGS (PLN BN) Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 y/y q/q Retail and private banking2 523,6 541,0 564,0 580,4 597,7 +14,2% +3,0% deposits 309,2 314,7 332,4 338,5 348,3 +12,7% +2,9% retail mutual funds 71,2 78,6 79,8 85,9 88,8 +24,7% +3,4% saving treasury bonds 143,2 146,5 150,7 153,9 158,5 +10,7% +3,0% Own bonds on clients' accounts 5,4 5,7 5,1 3,8 5,4 +0,5% +44,9% Corporate 78,5 89,6 85,8 81,6 85,6 +9,0% +4,8% Companies 52,3 55,8 52,4 54,9 58,6 +12,1% +6,6% Customer savings 659,7 692,0 707,4 720,7 747,3 +13,3% +3,7%
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45Financial results for Q3 2026 29.43% 7.03% 5.90% 5.01% 52.63% State Treasury Nationale Nederlanden OFE Allianz Polska OFE BlackRock, Inc. Others Deposit rating A2 Senior Unsecured (Senior preferred) MTN Programme (P)Baa1 (Stable) Junior Senior Unsecured (Senior non-preferred) MTN Programme (P)Baa1 Subordinate MTN Programme (P)Baa2 Baseline Credit Assessment baa1 Adjusted Baseline Credit Assessment baa1 Outlook Stable Credit / ESG ratings and ownership 7 Moody’s Investors Service ratings ESG ratings CCC B BB A AA AAA 0 3, 4 5 CDP D- D C- C B- B A- A Severe High Medium Low Negligble SUSTAINALYTICS MSCI FTSE RUSSELL Shareholder structure (number of shares: 1 250 mn) • The Bank's shares have been listed on the Warsaw Stock Exchange since November 10, 2004. • Largest domestic bank on the WSE by market capitalization of PLN 155 bn (as of 30 September 2026) • Bank PKO BP is included in the following indices: WIG, WIG20, WIG30, WIG Banki, FTSE Russell, Stoxx 600, MSCI EM • ISIN; PLPKO0000016; Bloomberg: PKO PW; Reuters: PKOB WA 19.3 Low Risk (19.1 in 2025) A (A in 2025) 3.4 (3.5 in 2025) C (C in 2025) Climate rating
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Contact Investor Relations Office Calendar 12 March 2026 14 May 2026 13 August 2026 5 November 2026 Annual report for FY2025 Quarterly report for Q1 2026 Semi – annual report for 1H 2026 Quarterly report for Q3 2026 Dariusz Choryło Świętokrzyska 36 Str. 00-116 Warsaw tel: +48 604 050 796 e-mail: dariusz.chorylo@pkobp.pl e-mail: ir@pkobp.pl
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47Financial results for Q3 2026 Glossary • Customers’ financing - Loans (excluding FX mortgage loans), corporate and municipal bonds (excluding PFR, BGK, EIB corporate bon ds), leasing and factoring (excl. repo transactions) • Customers’ savings - Deposits, TFI (mutual funds) assets and treasury savings bonds of the bank and other entities of the bank’s Group accumulated on the clients’ bank accounts • C/I ratio (Cost/Income ratio) – Operating expenses (including net regulatory charges) to the result on business activities in a given period • COR (Cost of risk indicator) – Net write - downs and impairment of financing granted to customers for the last 12 months to the av erage balance of gross financing granted to customers at the beginning and end of the reporting period and interim quarterly periods (for cumulative ratio), quarterly - net write - downs and impairment of financing granted to customers to the average balance of gross financing granted to customers in given period • LCR (Liquidity Coverage Ratio) - highly liquid assets relative to short - term liabilities • L/D (Loans/Deposits) - Net customer financing/net deposits • MREL - the minimum requirement for own funds and eligible liabilities • MREL TREA – own funds and eligible liabilities as a percentage of total risk exposure • MREL TEM – own funds and eligible liabilities as a percentage of the total exposure measure • NIM (Net interest margin ratio) – Net interest income, to the average balance of interest - bearing assets (including amounts due from banks, securities and loans and advances to customers) in given period, • Net ROA (Net Return on Asset) – Net profit to the average balance of assets in given period • Net ROE (Net Return on Equity) – Net profit to the average balance of equity in given period • Net ROTE (Net Return on Tangible Equity) – Net profit to the average balance of equity less intangible assets in given period • NPL (Net write - downs and impairment) – Result on allowances for expected credit losses, result on impairment of non - financial as sets and cost of legal risk associated with mortgage loans in convertible currencies and result on loans measured at fair value through profit or loss • NSFR (Net Stable Funding Ratio) – available stable funding relative to required stable funding • TCR (Total Capital Ratio) - Own funds to the total capital requirement multiplied by 12.5 • Tier 1 capital ratio – Tier 1 capital to the total capital requirement multiplied by 12.5
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48Financial results for Q3 2026 Disclaimer This presentation (the ”Presentation”) has been prepared by Powszechna Kasa Oszczędności Bank Polski S.A. (”PKO Bank Polski S.A.”, ”Bank”) solely for use by its clients and shareholders or analysts and should not b e treated as a part of any an invitation or offer to sell any securities, invest or deal in or a solicitation of an offer to purchase any securities or recommendation to conclude any transaction, in particular with respect to securities of PKO Bank Polski S.A. The information contained in this Presentation is derived from publicly available sources which Bank believes are reliable, but PKO Bank Pols ki S.A. does not make any representation as to its accuracy or completeness. PKO Bank Polski S.A. shall not be liable for the consequences of any decision made based on information included in this Presentation. The information contained in this Presentation has not been independently verified and is, in any case, subject to changes an d modifications. PKO Bank Polski SA’s disclosure of the data included in this Presentation is not a breach of law for listed companies, in particular for companies listed on the Warsaw Stock Exchange. The information provided herein was includ ed in current or periodic reports published by PKO Bank Polski S.A. or is additional information that is not required to be reported by Bank as a public company. In no event may the content of this Presentation be construed as any type of explicit or implicit representation or warranty made by PKO Bank Polski S.A. or, its representatives. Likewise, neither PKO Bank Polski S.A. nor any of its representatives shall be liable in any respect whatsoever (whether in negligence or otherwise) for any loss or damage that ma y arise from the use of this Presentation or of any information contained herein or otherwise arising in connection with this Presentation. PKO Bank Polski S.A. does not undertake to publish any updates, modifications or revisions of the information, data or statements contained herein should there be any change in the strategy or intentions of PKO Bank Polski SA, or should facts or events occur that affect PKO BP SA’s strategy or intentions, unless such reporting obligations arises under the applicable laws and regulations. This Presentation contains certain market information relating to the banking sector in Poland, including information on the market share of certain banks and PKO Bank Polski SA. Unless attributed exclusively to another source, such market information has been calculated based on data provided by third party sources identified herein and includes estimates, asses sments, adjustments and judgments that are based on PKO Bank Polski SA’s experience and familiarity with the sector in which PKO Bank Polski S.A. operates. Because such market information has been prepared in part based upon estimates, assessments, adjustments and judgments and not verified by an independent third party, such market information is, unless otherwise attributed to a third party source, to a certain degree subjective. While it is believed that such estimates, assessments, adjustments and judgments are reasonable and that the market information prepared is appropriately reflective of the sector and the markets in which PKO Bank Polski S.A. operates, there is no assurance that such estimates, assessments and judgments are the most appropriate for making determinat ions relating to market information or that market information prepared by other sources will not differ materially from the market information included herein. PKO Bank Polski S.A. hereby informs persons viewing this Presentation that the only source of reliable data describing PKO Bank Polski SA’s financ ial results, forecasts, events or indexes are current or periodic reports submitted by PKO Bank Polski S.A.in satisfaction of its disclosure obligation under Polish law. Any differences in total balances, percentages and growth rates result from rounding the amounts to PLN million and rounding percentages to one decimal place.