Interim report
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Report of Erste Bank Polska Group for Quarter 3 2026 erste.pl
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FINANCIAL HIGHLIGHTS PLN k EUR k 1.01.2026- 30.09.2026 1.01.2025- 30.09.2025 1.01.2026- 30.09.2026 1.01.2025- 30.09.2025 Consolidated financial statements of Erste Bank Polska Group I Net interest income 9 467 527 9 548 963 2 212 039 2 253 975 II Net fee and commission income 2 182 481 2 196 683 509 925 518 514 III Profit before tax 6 024 088 6 439 349 1 407 497 1 519 969 IV Net profit attributable to owners of the parent entity 3 691 131 4 640 421 862 414 1 095 343 V Total net cash flows 298 528 (3 242 103) 69 750 (765 279) VI Profit of the period attributable to non-controlling interests 72 303 173 946 16 893 41 059 VII Profit per share in PLN/EUR 36,12 45,41 8,44 10,72 VIII Diluted earnings per share in PLN/EUR 36,12 45,41 8,44 10,72 Separate financial statements of Erste Bank Polska S.A. I Net interest income 9 191 701 9 264 430 2 147 594 2 186 812 II Net fee and commission income 1 922 062 2 013 539 449 080 475 284 III Profit before tax 5 821 461 6 248 908 1 360 154 1 475 017 IV Profit for the period 3 618 600 4 405 851 845 467 1 039 974 V Total net cash flows 298 515 (2 700 050) 69 746 (637 330) VI Profit per share in PLN/EUR 35,41 43,11 8,27 10,18 VIII Diluted earnings per share in PLN/EUR 35,41 43,11 8,27 10,18 FINANCIAL HIGHLIGHTS PLN k EUR k 30.09.2026 31.12.2025 30.09.2026 31.12.2025 Consolidated financial statements of Erste Bank Polska Group I Total assets 330 088 437 308 150 077 75 583 540 72 905 595 II Deposits from banks 3 378 085 2 847 280 773 513 673 641 III Deposits from customers 252 359 711 230 142 564 57 785 242 54 449 704 IV Total liabilities 297 019 363 272 644 851 68 011 395 64 505 371 V Total equity 33 069 074 35 505 226 7 572 146 8 400 224 VI Non-controlling interests in equity 81 377 79 554 18 634 18 822 VII Number of shares 102 189 314 102 189 314 VIII Net book value per share in PLN/EUR 323,61 347,45 74,10 82,20 IX Capital ratio 18,75% 21,21%** X Declared or paid dividend per share in PLN/EUR 49,98* 46,37 11,68 10,94 Separate financial statements of Erste Bank Polska S.A. I Total assets 323 069 365 300 647 903 73 976 315 71 130 646 II Deposits from banks 1 713 376 1 946 975 392 328 460 637 III Deposits from customers 252 398 198 230 200 308 57 794 055 54 463 366 IV Total liabilities 292 243 733 267 318 385 66 917 873 63 245 176 V Total equity 30 825 632 33 329 518 7 058 443 7 885 470 VI Number of shares 102 189 314 102 189 314 VII Net book value per share in PLN/EUR 301,65 326,15 69,07 77,16 VIII Capital ratio 20,37% 22,86%** IX Declared or paid dividend per share in PLN/EUR 49,98* 46,37 11,68 10,94 *Detailed information are described in note 41. **The data includes profits included in own funds, taking into account the applicable EBA guidelines. The following rates were applied to determine the key EUR amounts for selected financial statements line items: • for balance sheet items – average NBP exchange rate as at 30.09.2026: EUR 1 = PLN 4,3672 and sa at 31.12.2025: EUR 1 = PLN 4,2267 • for profit and loss items – as at 30.09.2026 - the rate is calculated as the average of NBP exchange rates prevailing as at the last day of each month in 202 6: EUR 1 = PLN 4, 2800; as at 3 0.09.2025 - the rate is calculated as the average of NBP exchange rates prevailing as at the last day of each month in 2025: EUR 1 = PLN 4,2365. As at 30.09.2026, FX denominated balance sheet positions were converted into PLN in line with the NBP FX table no. 190/A/NBP/2026 dd. 30.09.2026.
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Overview of Performance of Erste Bank Polska Group in Q3 2026 erste.pl
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 2/53 CONTENTS I. Overview of activities of Erste Bank Polska Group in Q3 2026 .................................................. 3 1. Key achievements of the Group 3 2. Financial and business highlights 5 3. Key external factors 6 4. Corporate events 7 5. Ownership structure of the share capital 7 6. Structure of Erste Bank Polska Group 9 7. Share price of Erste Bank Polska S.A. in Q3 2026 vs the market 10 8. Ratings of Erste Bank Polska S.A. 11 II. Macroeconomic situation in Q3 2026 ......................................................................................... 13 III. Business development in Q3 2026 ............................................................................................. 16 1. Retail Banking Division 16 2. Business and Corporate Banking Division 21 3. Corporate and Investment Banking Division 23 IV. Organisational and infrastructure development ......................................................................... 25 1. Human resources management 25 2. Proposed acquisition of an organised part of the enterprise 27 3. Changes in the Group structure 27 4. Development of distribution channels of Erste Bank Polska S.A. 28 5. Continued digital transformation 29 V. Financial situation after Q3 2026 ................................................................................................ 32 1. Consolidated income statement 32 2. Consolidated statement of financial position 43 3. Selected financial ratios of Erste Bank Polska Group 48 4. Factors which may affect the financial results in the next quarter 49 VI. Risk and capital management ...................................................................................................... 50 1. Risk management priorities in Q3 2026 50 2. Material risk factors expected in the future 52 VII. Other information ......................................................................................................................... 53
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 3/53 I. Overview of activities of Erste Bank Polska Group in Q3 2026 1. Key achievements of the Group EFFICIENCY AND SECURITY • Group’s solid capital position confirmed by capital ratios as at 30 September 2026, including the total capital ratio of 18.75% (18.06% as at 30 September 2025), i.e. well above the statutory and regulatory minimum. • Stable high ROE YoY (18.2% vs 21.6% as at 30 September 2025). • Sound liquidity position. Net customer loans to deposits ratio at 71.0%. Supervisory liquidity ratios well above the regulatory minimum. • Close monitoring of risk and implementation of relevant prudential measures. • A modest decline in net interest margin during the first three quarters of the year, resulting in a 0.9% decrease in net interest income. Broadly stable net fee and commission income due to extensive promotional and customer acquisition initiatives, the costs of which partly offset the growth in net income recorded across most product lines, including loans and advances, guarantees and sureties, foreign exchan ge, asset management and distribution and brokerage activities. • A decrease in funding costs, partly attributable to the continuously optimised parametrisation of the deposit offering and the steady inflow of funds into current accounts. • Cost to income ratio of 36.1% (30.0% for the three quarters of 2025) due to higher contributions to the BFG bank resolution fund, integration and rebranding costs as well as increase in salaries. • Further automation and optimisation of operational processes. • Improved availability, reliability, performance and cybersecurity of the Group’s systems. • Implementation of integration projects across Erste Bank Polska Group to standardise the operating models, increase the organisation’s know -how and improve the efficiency and effectiveness of its operations. BUSINESS VOLUMES AND ASSET QUALITY • Strong growth in loans and deposits to both personal and business customers. • 13.0% YoY increase in total assets to PLN 330.1bn on a comparative basis (that is, excluding Santander Consumer Bank Group disclosed as discontinued operations in the consolidated balance sheet as at 30 September 2025) supported by strong growth in business volumes in key product lines and customer segments. • 11.3% YoY increase in gross loans and advances to customers, including loans and advances to business customers and the public sector (+17.6% YoY), and loans and advances to individuals (+6.9% YoY). • Improved quality of the credit portfolio, confirmed by the level of the NPL ratio (3.4% as at 30 September 2026) and its evolution over time (4.0% as at 30 September 2025). This was achieved with the Group’s prudent approach to risk management and strong growth in loans and advances. • Lower cost of credit risk (0.30% as at 30 September 2026 vs 0.33% as at 30 September 2025) in an environment of sustained and solid economic growth. • 14.2% YoY growth in deposits from customers driven by an increase in term deposits (+14.7% YoY) and current account balances (+14.5% YoY), including savings accounts of personal customers (+38.0% YoY). • 21.4% YoY increase in the net asset value of investment funds to PLN 34.7bn, reflecting growth in net sales of investment funds and investment performance supported by favourable equity market conditions. • Higher number of transactions made via mobile banking (+11.5% YoY).
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 4/53 CUSTOMERS AND COMMUNITIES • 1.6% YoY rise in the customer base of Erste Bank Polska S.A. to 6.2m as at 30 September 2026. • 4.2m digital customers of Erste Bank Polska S.A., including 3.6m mobile banking customers. • Further automation, robotisation, simplification and optimisation of operational processes. • Continuation of IT projects improving customer and employee experience in line with the integrated Total Experience strategic approach. Continuous development of the product offering in response to customer needs, based on methodology that incorporates employees’ perspective. • Implementation of further measures to deliver transformation and sustainability objectives. • Modernisation of the IT architecture and steady development of digital channels, including improvements to the Erste mobile app and the iBiznes24 app. Record high sales via digital channels in the retail banking segment, including SMEs. Successful acquisit ion of customers via the e-commerce channel. • Continuation of comprehensive integration activities, covering IT systems and operating models. • Continuation of educational and sponsorship initiatives supporting local communities. Promotion of financial literacy and cybersecurity principles, as well as inclusive behaviours and other corporate culture values. • The Bank’s share price reaching its all -time high of PLN 808.80 at the final trading session of Q3 2026. AWARDS • Erste Bank Polska S.A. named “Best Investment Bank in Poland”, “Best Bank in Poland for Customer Experience” and “Best Bank in Poland for Responsible Banking” at this year’s Euromoney Awards for Excellence. These awards confirm the Bank’s broad capabilitie s, from supporting companies in raising capital and executing key transactions, through the development of digital banking and expert advisory services, to conducting its business responsibly. This recognition is particularly meaningful, as it was received during the first year of the Bank operating as Erste Bank Polska S.A. • Erste Bank Polska S.A. awarded the Great Place to Work® certification for the fourth time running. The distinction, awarded on the basis of an independent employee survey, confirms the high quality of the work environment, a corporate culture based on trus t and collaboration, and the effectiveness of the Bank’s initiatives aimed at employee development, engagement and satisfaction. • Receipt of three awards in “The Best Annual Report 2025” competition organised by the Institute of Accounting and Taxation: “The Best of the Best” title for the quality of all components of the annual report, a special award for the best sustainability report, and a distinction for the corporate governance statement.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 5/53 2. Financial and business highlights 1) Except for total assets, total equity and total capital ratio, all data as at 30 September 2025 presented in the table above refer to the continuing operations of Erste Bank Polska Group, that is, they do not include Santander Consumer Bank Group (SCB Grou p) sold in December 2025. 2) Excluding assets of SCB Group representing discontinued operations as at 30 September 2025, the comparative total assets grew by 13.0% YoY. 3) Assets in investment funds managed by Erste Towarzystwo Funduszy Inwestycyjnych S.A. 4) For definitions of ratios presented in the table above, see Section 3 “Selected financial ratios of Erste Bank Polska Group” of Chapter V “Financial situation after Q3 2026”. 5) Registered users with active access to internet and mobile banking services. 6) Active users of electronic banking who used the service at least once in the last month of the reporting period. Key data characterising the performance of Erste Bank Polska Group after three quarters of 20261) Selected income statement items Q1–Q3 2026 Q1–Q3 2025 Change YoY (%) (2026 / 2025) Total income PLN m 12,113.2 12,008.2 0.9% Total costs PLN m (4,375.3) (3,607.9) 21.3% Net expected credit loss allowances PLN m (367.1) (439.5) -16.5% Profit before tax PLN m 6,024.1 6,439.4 -6.4% Net profit attributable to shareholders of Erste Bank Polska S.A. PLN m 3,691.1 4,891.7 -24.5% Selected balance sheet items 30.09.2026 30.09.2025 Change YoY (%) (2026 / 2025) Total assets 1) 2) PLN m 330,088.4 317,448.6 4.0% Total equity 1) PLN m 33,069.1 35,361.2 -6.5% Net loans and advances to customers PLN m 179,252.6 160,602.2 11.6% Deposits from customers PLN m 252,359.7 220,946.7 14.2% Selected off-balance sheet items 30.09.2026 30.09.2025 Change YoY (2026 / 2025) Net assets of investment funds 3) PLN bn 34.7 28.6 6.1 Selected ratios 4) 30.09.2026 30.09.2025 Change YoY (2026 / 2025) Cost/Income % 36.1% 30.0% 6.1 p.p. Total capital ratio 1) % 18.75% 18.06% 0.69 p.p. ROE % 18.2% 21.6% -3.4 p.p. NPL ratio % 3.4% 4.0% -0.6 p.p. Cost of credit risk % 0.30% 0.33% -0.03 p.p. Loans/Deposits % 71.0% 72.7% -1.7 p.p. Selected non-financial data 30.09.2026 30.09.2025 Change YoY (2026 / 2025) Electronic banking users 5) m 5.6 5.3 0.3 Active digital customers 6) m 4.2 3.9 0.3 Active mobile banking customers m 3.6 3.3 0.3 Debit cards m 5.4 5.2 0.2 Credit cards m 0.6 0.6 0.0 Customer base m 6.2 6.1 0.1 Branch network locations 305 308 -3 Erste Zones and off-site locations locations 2 8 -6 Partner outlets locations 159 164 -5 Employment FTEs 10,239 9,964 275
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 6/53 3. Key external factors Key macroeconomic factors affecting the financial and business performance of Erste Bank Polska Group in the third quarter of 2026 Economic growth • Following a very strong second quarter, economic growth also remained strong in the third quarter. Activity was supported by investment related to the absorption of EU funds and a gradual improvement in economic conditions in Europe. Industrial output grew by an average of approximately 4-5% YoY and retail sales continued to be supported by positive real wage growth and favourable labour market conditions. The economy remained relatively resilient to the deterioration in the geopolitical environment and hig her energy commodity prices. Labour market • Labour market conditions remained favourable. The unemployment rate stayed close to historically low levels, while employment in the enterprise sector continued to decline slightly. Wage growth remained markedly lower than in previous years and oscillated around 6% YoY during the third quarter. Despite accelerating inflation, real wages continued to rise. Inflation • After falling to the NBP’s 2.5% inflation target in June, inflation increased markedly again, exceeding 4% YoY in September. The main driver was higher fuel prices, reflecting rising crude oil prices and the expiry of government relief measures. Core infla tion rose only moderately. The first signs of accelerating food price inflation also emerged toward the end of the quarter. Monetary policy • The MPC kept interest rates unchanged. As inflation increased and its outlook deteriorated, markets priced in more interest rate hikes. Comments from some MPC members indicated greater caution in assessing the inflation outlook and the growing importance of risks related to energy prices and the geopolitical situation. Fiscal policy • The public finance outlook deteriorated. Despite continued strong growth in income tax revenue, the general government deficit remained among the highest in the EU, while the government’s borrowing requirements remained elevated. Risks related to a further increase in public debt became more significant, as reflected in higher government bond yields and greater investor focus on the fiscal policy outlook. Moody’s downgraded Poland’s long-term foreign-currency rating to A3 with a stable outlook. Credit market • Loan growth continued to accelerate. Growth in housing loan sales remained particularly strong, supported by earlier interest rate cuts and improving housing affordability. Demand for consumer and corporate loans also remained high. Total loan growth reach ed its highest level in more than a decade, while deposit growth remained strong. Financial markets • Government bond yields and money market rates rose markedly, driven by the selloff in global bond markets, higher energy commodity prices, a deteriorating inflation outlook, and rising expectations of interest rate hikes by central banks. Concerns about Po land’s fiscal position provided an additional impetus for higher yields. • The zloty weakened against the major currencies and remained weaker than in the first half of the year for most of the quarter. The currency was weighed down by rising global risk aversion, a deterioration in the current account balance, and growing uncert ainty surrounding the inflation and fiscal policy outlook, against the backdrop of a relatively dovish tone from the Monetary Policy Council.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 7/53 4. Corporate events Major corporate events in the reporting period until the release date of the report for Q3 2026 Sale of one share of Erste Towarzystwo Funduszy Inwestycyjnych S.A. (Erste TFI S.A.) • On 2 July 2026, Erste Bank Polska S.A. decided to sell one share of Erste Towarzystwo Funduszy Inwestycyjnych S.A. (Erste TFI S.A.) for EUR 2,924 to an entity from Erste Group (Erste Asset Management GmbH) subject to no objection from the Polish Financial Supervision Authority (KNF) to the above acquisition and to Erste Group’s entity becoming the parent entity. • On 28 September 2026, the Management Board of Erste Bank Polska S.A. was informed that the KNF had raised no objection to the acquisition by Erste Asset Management GmbH, and indirectly by Erste Group Bank AG, of one share in Erste TFI S.A. held by Erste Ba nk Polska S.A. • On 15 October 2026, Erste Bank Polska S.A. finalised the sale of one share in Erste TFI S.A. Following the transaction, the Bank holds 67,499 shares, representing approximately 49.999% of the share capital and total voting rights at the General Meeting of Erste TFI S.A. The transaction resulted in the purchaser exceeding the threshold of 50% of the company’s share capital and total voting rights at the General Meeting. • For more information, see Chapter IV “Organisational and infrastructure development”, Part 3 “Changes in the Group structure”. Minimum MREL requirement • On 6 July 2026, the Management Board of Erste Bank Polska S.A. was informed by the Bank Guarantee Fund (BFG) about setting the minimum requirement for own funds and eligible liabilities (MREL) for Erste Bank Polska Group at 15.36% of the total risk exposur e amount (TREA) and 5.91% of the total exposure measure (TEM). • The Bank is also required to meet the minimum MREL subordination requirement of 12.40% of TREA and 5.46% of TEM. Buffer for other systemically important institution (O-SII) • On 23 September 2026, the Bank was informed that the KNF had submitted a request to the Financial Stability Committee (FSC) for an opinion on setting an Other Systemically Important Institution (O -SII) buffer for Erste Bank Polska S.A. at 1.00% of the tota l risk exposure amount. • In its decision of 30 September 2026 issued at the request of the KNF, the FSC endorsed the establishment of an O-SII buffer for the Bank at the above-mentioned level. 5. Ownership structure of the share capital Entities with significant holdings of Erste Bank Polska S.A. shares as at 30 September 2026 Shareholders with a stake of 5% or higher Number of shares and votes at GM % in the share capital and total votes at GM 30.09.2026 31.12.2025 30.09.2026 31.12.2025 Erste Group Bank AG 50,072,763 - 49.00% - Banco Santander S.A. 9,911,385 59,984,148 9.70% 58.70% Allianz Polska OFE 1) 5,344,402 5,344,402 5.23% 5.23% Nationale-Nederlanden OFE 2) 5,123,581 5,123,581 5.01% 5.01% Other shareholders 31,737,183 31,737,183 31.06% 31.06% Total 102,189,314 102,189,314 100.00% 100.00% 1) Allianz Polska Otwarty Fundusz Emerytalny (OFE) is managed by Powszechne Towarzystwo Emerytalne (PTE) Allianz Polska S.A. 2) Nationale-Nederlanden Otwarty Fundusz Emerytalny (OFE) is managed by Nationale-Nederlanden Powszechne Towarzystwo Emerytalne (PTE) S.A. As at 30 September 2026, Erste Group Bank AG was the main shareholder of Erste Bank Polska S.A., holding 49.0% of the share capital and votes at the Bank’s General Meeting. The ownership change compared to the end of 2025 resulted from the agreement between Erste Group Bank AG and Banco Santander S.A. announced on 5 May 2025, under which Erste Group Bank AG acquired 49% of shares in the Bank. The transaction was finalis ed on 9 January 2026 after obtaining the required regulatory approvals and fulfilling other conditions precedent. As a result of the transaction, Erste Group Bank AG became the controlling shareholder. With the acquisition of a stake in Erste Bank Polska S.A., Erste Group gained a significant share in the Polish banking sector, strengthened its presence in Central and Eastern Europe and consolidated its position as a leading lender in the region.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 8/53 According to information held by the Bank’s Management Board, apart from Erste Group Bank AG, the following shareholders held at least 5% of the total number of votes at the General Meeting of Erste Bank Polska S.A. as at 30 September 2026 and as at the date of authorisation of the consolidated report for Q3 2026 for issue: Banco Santander S.A., Allianz Polska Otwarty Fundusz Emerytal ny and Nationale-Nederlanden Otwarty Fundusz Emerytalny. Planned acquisition of an additional stake in Erste Bank Polska S.A. by Erste Group Bank AG On 25 September 2026, Erste Group Bank AG announced its intention to launch a voluntary tender offer for shares of Erste Bank Polska S.A. to increase its current shareholding from 49% to above 50% but not exceeding 75%. Erste Group intends to acquire betwe en approximately 1% and 26% of the Bank’s share capital at an expected price of approximately PLN 713 per share. The tender offe r is planned to be launched at the start of November 2026 and settled in December 2026. Completion of the transaction is conditional upon, among other things, the number of shares tendered, the maintenance of a minimum free float of 25% and receipt of the required approval from the KNF to exceed the threshold of 50% of the total voting rights. On 23 October 2026, the KNF determined that there were no grounds for objecting to the proposed direct acquisition by Erste Group Bank AG of shares in Erste Bank Polska S.A. in a number exceeding the thresholds of 50% of the total voting rights at the Bank’s General Meeting and of the Bank’s share capital. Controlling shareholder Erste Group Bank AG was founded in 1819 as the first savings bank in Austria. It made its stock market debut in 1997, pursuing a growth strategy focused on retail banking markets in Central and Eastern Europe. Since then, Erste Group has expanded rapidly through organic growth and acquisitions to become one of the largest financial service providers in this region in terms of the number of cus tomers and total assets. Erste Group is headquartered in Vienna and operates as a universal bank, providing services to more than 23 million customers in eight countries: Austria, Czechia, Slovakia, Romania, Hungary, Croatia, Serbia and Poland. Profile of the organisation Erste Bank Polska S.A. is a universal bank which provides a full range of services for personal customers, SMEs, large compan ies, corporates and public sector institutions. The Bank’s offering is modern, comprehensive and satisfies diverse customer needs with regard to bank accounts and credit, savings, investment, settlement, insurance and card products. The financial services of E rste Bank Polska S.A. also include cash management, payments, trade finance and transactions in the capital, money, FX and deri vative markets, as well as underwriting and brokerage services. The Bank continuously develops its product range to ensure that solutions offered to customers are transparent, simple, digital, flexible and available in self-service channels. It offers solutions that are unique in the Polish market, developed based on i ts long track record, infrastructure and market potential. Customers are provided with comprehensive services in traditional sales channels and in technologically advanced remote channels. The Bank’s outlets are located across Poland. The product range of Erste Bank Polska S.A. is complemented by specialist products offered by its connected companies, includ ing: Erste Towarzystwo Funduszy Inwestycyjnych S.A., Erste Leasing S.A., Erste Factoring Sp. z o.o., Erste Allianz Towarzystwo Ubezpieczeń S.A. and Erste Allianz Towarzystwo Ubezpieczeń na Życie S.A. In cooperation with these companies, the Bank provides its custo mers with access to investment funds, asset portfolios, insurance, leasing and factoring products. As at 30 September 2026, the Group provided banking services to 6.2m customers (up 1.6% YoY).
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 9/53 6. Structure of Erste Bank Polska Group Subsidiaries and associates of Erste Bank Polska S.A. as at 30 September 2026 1) As at 30 September 2026, Erste Bank Polska S.A. and Erste Group Bank AG held an equal stake of 50% each in the share capital of Erste Towarzystwo Funduszy Inwestycyjnych S.A. (Erste TFI S.A.). Erste Bank Polska S.A. had control over Erste TFI S.A. because, as concluded by the Bank’s Management Board (in line with the guidance provided in IFRS 10 par. B18 and legal requirements concerning Erste TFI S.A. and its operations), the Bank had a practical ability to unilaterally direct the relevant activities of Er ste TFI S.A. even if it did not have a contractual right to do so. The Bank could have a real impact on the composition of th e Supervisory Board and through it – on the composition of the Management Board of Erste TFI S.A., i.e. the governing bodies which decide on the relevant activities of Erste TFI S.A. Furthermore, the Bank significantly affected the company’s operations and results as the major business par tner and distributor of investment products. At the same time, through its ownership interest, th e Bank had the right to variable returns generated by that company and was exposed to the associated risk. It should therefore be concluded that by having the power and right to variable returns (benefits), the Bank exercised control over Erste TFI S.A., including as at the date of signing the interim financial statements for the 9-month period ended 30 September 2026. On 15 October 2026, Erste Bank Polska S.A. sold one share in Erste TFI S.A. to Erste Asset Management GmbH based in Vienna for EUR 2,924. As a result of the transaction, Erste TFI S.A. cease d to be a subsidiary of the Bank and is no longer subject to full consolidation in the Bank’s consolidated financial statements. Going forward, it will be accounted for as an associate using the equity method. For more information about the transaction, see Chapter IV “Organisational and infrastructure development”, Part 3 “Changes in the Group structure”. Erste Bank Polska S.A. Erste Factoring Sp. z o.o. 100% Erste Leasing S.A. 100% Erste F24 S.A. 100% Erste Finanse Sp. z o.o. 100% Erste Towarzystwo Funduszy Inwestycyjnych S.A. 1) 50% POLFUND – Fundusz Poręczeń Kredytowych S.A. 50% Erste Allianz Towarzystwo Ubezpieczeń na Życie S.A. 49% Erste Allianz Towarzystwo Ubezpieczeń S.A. 49% Legenda: % Share of Erste Bank Polska S.A. in the company’s capital Subsidiaries (consolidated with Erste Bank Polska S.A.) Associates
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 10/53 7. Share price of Erste Bank Polska S.A. in Q3 2026 vs the market Q3 2026 saw the continuation of positive trends on the Warsaw Stock Exchange. Both market indices and share prices of listed companies reached record highs during the period. Further escalation of the conflict in the Middle East, accompanied by a rise in fuel and energy prices, had only a limited impact on investor sentiment. For most of the third quarter, the Warsaw equity market was supported by strong corporate performance a nd positive expectations concerning AI development. The positive impact of these factors outweighed concerns related to global inflationa ry pressures, high real interest rates and the risk of an energy crisis. Investor sentiment weakened only in the second half of September, following a series of interest rate hikes by the US Federal Reserve System and the European Central Bank, which contributed t o higher bond yields across major economies and a sharp appreciation of the US dollar. Despite the deterioration in market sentiment towards the end of the period, the main market indices delivered very strong performance in Q3 2026. Between July and September 2026, the WIG and WIG20 indices increased by 16.0% and 16.6%, respectively. An even stronger return of 19.6% was recorded by the WIG-Banks sector index. In Q3 2026, Erste Bank Polska S.A. shares outperformed the banking sector. The Bank’s market capitalisation increased by more than 23.8% (and by 46.3% Ytd). On the last trading session of the quarter, the Bank’s intraday share price reached PLN 808.80, the highest level in the Bank’s trading history. The lowest intraday share price during the third quarter, PLN 636.40, was recorded at the beginning of July (compared with PLN 530.40 on 14 January 2026, the lowest level Ytd). Key data on shares of Erste Bank Polska S.A. in the first nine months of 2026 vs comparative periods Price at the end of the previous reporting period (31.12.2025) 545.40 Price at the end of the current reporting period (30.09.2026) 798.00 Minimum intraday price in Q1-Q3 2026 530.40 Maximum intraday price in Q1-Q3 2026 808.80 Key data on shares of Erste Bank Polska S.A. Unit 30.09.2026 31.12.2025 Total number of shares at the end of the period number 102,189,314 102,189,314 Nominal value per share PLN 10.00 10.00 Closing share price at the end of the reporting period PLN 798.00 545.40 Ytd change % +46.3% +19.2% Highest closing share price Ytd PLN 807.60 621.00 Date of the highest closing share price - 25.09.2026 25.04.2025 Lowest closing share price Ytd PLN 540.80 457.60 Date of the lowest closing share price - 19.01.2026 23.06.2025 Capitalisation at the end of the period PLN m 81,547.07 55,734.05 Average trading volume per session number 70,357 89,693 Dividend per share 1) PLN 49.98 46.37 Dividend record date - 13.05.2026 13.05.2025 Dividend payment date - 20.05.2026 20.05.2025 1) Dividend approved for payout by the AGM of 15 April 2026
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 11/53 Share price of Erste Bank Polska S.A. vs key indices 90 100 110 120 130 140 150 31-Dec-25 31-Jan-26 28-Feb-26 31-Mar-26 30-Apr-26 31-May-26 30-Jun-26 31-Jul-26 31-Aug-26 30-Sep-26 Share price of Erste Bank Polska S.A. vs. indices in 2026 Share price of Erste Bank Polska S.A., WIG, WIG20 and WIG Banks as at 31.12.2025=100 Erste Bank Polska S.A. WIG20 WIG WIG Banki 8. Ratings of Erste Bank Polska S.A. Erste Bank Polska S.A. has bilateral credit rating agreements with Fitch Ratings and Moody’s Investors Service. The tables below show the latest ratings assigned by the agencies to the Bank, which remained in effect on the date the Report of Erste Bank Polska Group for Q3 2026 was authorised for issue. Ratings by Fitch Ratings Rating category Ratings changed/affirmed on 13.05.2026,17.06.20261) Ratings changed/affirmed on 27.06.2025 2), 14.01.2026 Long-Term Issuer Default Rating (LT IDR) A A- Outlook for LT IDR stable Rating Watch Short-Term Issuer Default Rating (ST IDR) F1 F1 Viability Rating (VR) bbb+ bbb+ Local Currency Long-Term Issuer Default Rating (LC LT IDR) A A- Outlook for LC LT IDR stable Rating Watch Shareholder Support Rating a- a- National Long-Term Rating (Natl LT) AAA(pol) AA+(pol) Outlook for Natl LT stable Rating Watch National Short-Term Rating (Natl ST) F1+(pol) F1+(pol) Long-Term Senior Preferred Debt Rating (LT) A A- Short-Term Senior Preferred Debt Rating (ST) F1 F1 Short-Term Senior Non-Preferred Debt Rating (ST) BBB+ BBB+ Long-Term Deposit Rating A+ Short-Term Deposit Rating F1 1) Ratings of Erste Bank Polska S.A. applicable as at 30 September 2026 2) Ratings of Erste Bank Polska S.A. applicable as at 31 December 2025
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 12/53 Ratings by Moody’s Investors Service Rating category Ratings affirmed/assigned on 12.05.2025, 26.09.2025, 2.02.20261) Ratings upgraded on 03.06.2019 Long-Term/Short-Term Counterparty Risk Rating A1/P-1 A1/P-1 Long-Term/Short-Term Deposit Rating A2/P-1 A2/P-1 Outlook for the Long-Term Deposit Rating stable stable Baseline Credit Assessment (BCA) baa2 baa2 Adjusted Baseline Credit Assessment baa1 baa1 Long-Term/Short-Term Counterparty Risk Assessment (CR) A1 (cr)/P-1 (cr) A1 (cr)/P-1 (cr) Senior Unsecured MTN Rating (P) A3 (P) A3 Junior Senior Unsecured Debt Rating Baa2 Junior Senior Unsecured MTN Rating (P) Baa2 1) Ratings of Erste Bank Polska S.A. as at 30 September 2026 and 31 December 2025
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 13/53 II. Macroeconomic situation in Q3 2026 Economic growth Available data for the third quarter of 2026 indicate that the Polish economy continued to expand at a solid pace, although GDP growth likely moderated somewhat from the second quarter of 2026, when it reached 4.1% YoY and a seasonally adjusted 1.1% q/q. W e forecast GDP growth at 3.8% YoY in Q3 2026. Investment most likely remained the main growth driver, supported by the absorption of EU funds, including funds under the National Recovery and Resilience Plan (KPO). According to our forecast, gross fixed capital formation increased by 10.0% YoY in Q3 2026, following 8.5% YoY growth in Q2 2026. Private consumption most likely accelerated moderate ly to 3.2% YoY from 2.8% YoY in Q2 2026, supported by continued, albeit weakening, real wage growth, accumulated household savings, and households’ positive attitude towards making major purchases. The decline in employment in the enterprise sector remained a constraining factor. From July to September, industrial output volumes grew by 4 -5% YoY, while retail sales at constant prices increased by 3 -4% YoY. In construction and assembly output, project settlement issues led to an unexpected decline of more than 2% YoY in July, follow ed by a solid 6.7% YoY rebound in August and another unexpected decline of 9.0% YoY in September. -10 -8 -6 -4 -2 0 2 4 6 8 10 12 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 GDP growth and its structure, % YoY Individual consumption Public consumption Fixed Investments Inventories Net exports GDP Source: Statistics Poland (GUS), Erste Bank Polska Labour market Labour market conditions also remained stable in Q3 2026. The registered unemployment rate held at 5.8%, 0.1 pp below the average level recorded in the previous quarter. At the same time, the unemployment rate according to the Labo ur Force Survey (LFS) remained close to 3% and was among the lowest in the EU. LFS employment across the economy continued to rise, although growth slowed t o 0.2% YoY in Q2 from 1.0% YoY in Q1 2026. Meanwhile, employment in the enterprise sector continued to decline slightly, by 0.8% YoY throughout the third quarter, compared with a 0.9% decline YoY in May and June. Wage growth slowed to 5.6% YoY in August from 6.9% YoY in July, when a shift in the timing of bonus payments in certain industries contributed t o a higher-than-expected reading. In September, wage growth accelerated to 5.9% YoY. Average wage growth was 6.1% YoY in Q3, 0.4 pp higher than in Q2 2026. Real wage growth slowed to 1.7% YoY in September from 2.1% YoY in August and 3.7% in July, averaging 2.5% YoY in Q3. -6 -4 -2 0 2 4 6 8 10 12 3Q16 1Q17 3Q17 1Q18 3Q18 1Q19 3Q19 1Q20 3Q20 1Q21 3Q21 1Q22 3Q22 1Q23 3Q23 1Q24 3Q24 1Q25 3Q25 1Q26 3Q26 Selected labour market indicators Unemployment rate (%) Employment in corporate sector (%YoY) Real wages in corporate sector (%YoY) Source: Statistics Poland (GUS), Erste Bank Polska
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 14/53 Inflation During Q3 2026, inflation rose above the upper bound of the tolerance range around the NBP’s 2.5% YoY target. The increase in CPI inflation from 2.5% YoY in June to 4.1% YoY in September was almost entirely attributable to higher fuel prices following the expiry of the previous round of the government’s CPN (“Lower Fuel Prices”) programme and a renewed escalation of tensions in the Middle East. Food price inflation remained negative on a year -on-year basis throughout the quarter, although the first signs of a pick-up, linked to weaker domestic harvests, emerged towards the end of the quarter. Core inflation rose only moderately compared with the begin ning of the year and showed no upward trend between April and September, remaining within a range of 3.0-3.3% YoY. -5 0 5 10 15 20 Jun 22 Sep 22 Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Mar 25 Jun 25 Sep 25 Dec 25 Mar 26 Jun 26 Sep 26 CPI inflation and its structure (%, YoY) Core inflation Fuels Food and beverages Energy carriers CPI inflation Source: Statistics Poland (GUS), Erste Bank Polska Monetary policy In Q3 2026, the Monetary Policy Council (MPC) kept interest rates unchanged. The NBP reference rate remained at 3.75%. Despit e earlier signals suggesting the possibility of limited monetary policy easing, rising inflation and a deteriorating inflation outlook, driven by the intensification of the conflict in the Middle East, prompted the MPC to adopt a more cautious tone. After the summer brea k, some MPC members highlighted the risk of potential rate hikes if commodity prices remained high and inflation con tinued to rise. The entry into force of an act allowing another temporary reduction in fuel taxes gave the MPC more time to assess the inflation outlook, as inflation will likely remain below 4% at least until year -end. At the same time, Council members ha ve emphasised that this measure only defers price increases; consequently, the NBP's November projection and the assessment of the risk of second -round inflation effects will be key to further decisions. Credit and deposit market The recovery in Poland’s lending market continued in Q3 2026. Demand for housing loans remained particularly strong, supporte d by earlier interest rate cuts, improved housing affordability, and robust real estate market activity. The value of new mortgage originations reached a record PLN 11.2bn in July and was only slightly lower, at PLN 10.6bn, in August. Activity also remained high in consumer and corporate lending, with monthly originations of around PLN 11-14bn in each segment. On a 12-month basis, consumer loan originations reached an all-time high, while corporate lending recorded a slight slowdown. As a result, growth in lending volumes continued to accelerate. Adjusted for exchange rate effects, total loan growth increased from just under 7% YoY in March to 8.0% in June and further to 8.9% YoY in September, the fastest pace since 2012. The improveme nt was driven by both the household segment and the corporate segment, which benefited from strong investment activity related to th e absorption of EU funds. The acceleration in lending was consistent with the observed rebound in investment and the continued relatively high rate of economic growth. Deposit growth remained strong in Q3 2026, supported by rising household income and an expansionary fiscal policy. Total depo sits increased by 11.9% YoY in September, the fastest pace in 5.5 years. Strong deposit growth persisted in both demand deposits, which rose by 13.0% YoY in September, and corporate time deposits, which increased by 21.3% YoY, while household time deposits grew by a still modest 2.5% YoY, slightly faster than in the previous seven months.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 15/53 -15 -10 -5 0 5 10 15 20 Jan 13 Jul 13 Jan 14 Jul 14 Jan 15 Jul 15 Jan 16 Jul 16 Jan 17 Jul 17 Jan 18 Jul 18 Jan 19 Jul 19 Jan 20 Jul 20 Jan 21 Jul 21 Jan 22 Jul 22 Jan 23 Jul 23 Jan 24 Jul 24 Jan 25 Jul 25 Jan 26 Jul 26 Money supply and loans volume (%, YoY) M3 corporate loans household loans Source: NBP, Erste Financial markets In Q3 2026, Poland’s financial markets remained affected by rising global risk aversion, a renewed escalation of tensions in the Middle East, and a deteriorating inflation outlook. Higher oil and gas prices translated into expectations of a higher future inflation path and into the pricing of further MPC moves, pushing IRS and FRA rates higher. By the end of the quarter, money market contracts were pr icing in approximately 100 bp of NBP rate hikes over the following 12 months. The strongest reaction was visible in the debt market. Rising commodity prices, higher bond yields abroad, and concerns about Poland’s fiscal position led to a further increase in domestic government bond yields. Poland was among the countries more severely affected by the global bond selloff, which was exacerbated by a persistently high general government deficit, the absence of credible fis cal consolidation plans, and a growing risk of a credit rating downgrade. As a result, 10-year government bond yields exceeded 6%. In mid- September, Moody’s downgraded Poland’s rating by one notch to A3 with a stable outlook. Earlier, in late August, Fitch affirmed Poland’s rating at A-, keeping the negative outlook in place for a year now. The zloty remained significantly weaker than in the first half of the year. EURPLN stayed above 4.30 for the vast majority of the third quarter. The domestic currency was adversely affected by higher global risk aversion, a deteriorating current account ba lance, rising income payments to foreign investors, and the perception of the NBP as being less inclined to raise interest rates than the F ed or the ECB. At the same time, investors increasingly focused on domestic fiscal factors, including the draft 2027 budget and the prospect of a further increase in public debt. 3 3.5 4 4.5 5 5.5 6 6.5 Sep 24 Dec 24 Mar 25 Jun 25 Sep 25 Dec 25 Mar 26 Jun 26 Sep 26 Yields of Polish Treasury Bonds (%) 2Y 5Y 10Y 3,50 3,60 3,70 3,80 3,90 4,00 4,10 4,20 4,30 4,40 4,50 Sep 24 Dec 24 Mar 25 Jun 25 Sep 25 Dec 25 Mar 26 Jun 26 Sep 26 Exchange rate of the zloty vs the euro and the dollar EUR/PLN USD/PLN Source: LSEG, Erste
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 16/53 III. Business development in Q3 2026 1. Retail Banking Division Personal customers Product line for personal customers Activities of the Retail Banking Division in Q3 2026 Cash loans • In Q3 2026, Erste Bank Polska S.A. continued the digitalisation of cash loan processes, including further simplification and development of the online application. • The Bank also developed the employee -assisted digital sales model, available through the Call Centre, branches and partner outlets, further enhancing its integrated omnichannel customer service capabilities. • Limited-time offers with attractive pricing terms were launched in traditional and online channels. • Surveys were conducted among customers to optimise digital processes and enhance customer experience based on customer feedback and identified needs. • Regulatory initiatives were further implemented to ensure that the development of processes and the offering meets regulatory requirements. • During the first nine months of 2026, cash loan sales of Erste Bank Polska S.A. were PLN 12.1bn, up 29.8% YoY. As at 30 September 2026, the cash loan portfolio totalled PLN 20.8bn, up 9.8% YoY. Mortgage loans • In Q3 2026, Erste Bank Polska S.A. modified the pricing of its mortgage loan offering and adjusted five-year fixed interest rates in response to changes in 5Y IRS rates. • Changes related to the transition to the POLSTR benchmark were implemented, aligning the mortgage lending offering, documentation and service processes with the new market and regulatory requirements. • The Bank continued its efforts in terms of: o optimising its pricing strategy, taking into account the demand of key customer segments; o retaining the mortgage portfolio, with a focus on reducing customer attrition and strengthening long-term relationships with the Bank; o implementing process changes to enhance operational efficiency and improve customer service quality. • During the first nine months of 2026, the value of new mortgage loans totalled PLN 11.7bn, up 62.6% YoY. In Q3 alone, sales increased by 18.5% QoQ to PLN 4.9bn. The gross mortgage loan portfolio of Erste Bank Polska S.A. increased by 5.7% YoY to PLN 59.3bn as at 30 September 2026. • The Bank is ranked fourth in the mortgage loan market with a share of 10.3% in terms of new mortgage loans and equity releases (data published by the Polish Bank Association as at the end of August 2026) and fourth with a share of 10.3% in terms of the val ue of the portfolio (data published by the Polish Bank Association as at the end of July 2026). Personal accounts and bundled products, including: • Since July 2026, the Bank’s customers can open accounts and make card payments in 21 currencies, including the Chinese yuan (CNY), Hong Kong dollar (HKD), New Zealand dollar (NZD), Singapore dollar (SGD), Thai baht (THB) and South African rand (ZAR). In Q3 2026, the functionality of the Kantor Erste exchange platform was improved to inc lude a new streamlined FX account opening process. Customers can quickly and intuitively open an account while exchanging currency, which reduces the number of process steps and shortens the overall turnaround time. This solution supports the customers’ foreign exchange activity, enhances their experience and improves the access to foreign currency products through digital channels. • The Bank also enabled customers to grant powers of attorney for accounts and term deposits through electronic banking services. Authorised representatives may manage customers’ funds at branches and online and may also renounce the power of attorney via electronic banking. • The Bank implemented the Fidesmo Pay digital wallet, enabling customers to add payment rings and use them to make contactless payments. • The number of PLN personal accounts grew by 1.7% YoY and reached 4.9m as at 30 September 2026. The number of Smart Accounts (the main acquisition product for a wide group of customers) was 3.9m (+1.2% YoY). Together with FX accounts, the personal accounts base totalled 6.5m (+3% YoY).
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 17/53 Product line for personal customers Activities of the Retail Banking Division in Q3 2026 (cont.) o Payment cards • In Q3 2026, the Bank introduced a number of solutions to increase the attractiveness and competitiveness of its foreign exchange and international payments offering: o Holders of a Smart Account with a Customised Debit Card were given access to the “Currencies Without Borders” package, with no currency conversion fees, no Bank’s charges for cash withdrawals from ATMs abroad, and preferential exchange rates for currencies included in the Bank’s exchange rate table (premium rates). o Account maintenance fees for selected FX accounts were reduced to PLN 0, with no requirement to maintain a minimum account balance. o The range of currencies available as part of the Konto24 Foreign Currency Account and the Private Banking Foreign Currency Account was extended to 21 currencies. o The multicurrency functionality was developed to allow selected debit cards linked to PLN accounts (the Customised Card, Visa Platinum and Visa Private Banking) to be connected to FX accounts maintained in 21 currencies, enabling cash withdrawals from those accounts. o Premium exchange rates were introduced for transactions carried out in currencies included in the Bank’s exchange rate table using selected payment cards (Visa Platinum, Visa Private Banking linked to PLN accounts and the Customised Card linked to the Max Account or Smart Account with the Currencies Without Borders package enabled). o Fees for foreign currency and international transfers were waived for holders of the Max Account and the Erste Platinum Account. • The Bank continued initiatives aimed at acquiring new debit and credit card users and increasing the value of non -cash transactions. They primarily included sales and promotional campaigns such as: o The “Erste Summer Lottery”, designed to increase customer transaction activity, which attracted 77.5k participants. As a result, the number of debit card transactions made by retail customers went up by 7.4% YoY, while credit card transactions rose by 4.2% YoY. o A promotional campaign for the World Mastercard credit card targeted at new cardholders, run in cooperation with Mastercard to encourage greater use of the card in international and online transactions. Customers could earn points in the Priceless Specials loyalty programme without incurring currency conversion costs (no currency conversion fee was charged on transactions made with the World Mastercard card). o Preferential terms for the Visa Platinum card offered to new customers, including four complimentary Priority Pass airport lounge visits per calendar year. • As at 30 September 2026, the personal debit card portfolio comprised 4.7m cards and increased by 2.7% YoY, generating 7.7% higher non-cash turnover YoY. • The Bank’s credit card portfolio included 646.8k cards, up 2.1% YoY. The credit card debt increased by 2.3% YoY, and non-cash turnover grew by 3.5% YoY. • In relation to both credit cards and overdrafts, the Bank: o conducted customer surveys and used customer feedback to further optimise digital processes and enhance customer experience; o took measures resulting from regulatory changes to ensure compliance of processes and product offering with applicable requirements (including those relating to agreements concluded at a distance as well as those arising from the amended Consumer Credit Act). Deposit and investment products, including: • The diversified deposit, savings and investment product offering allows the Bank to tailor product solutions to the needs of different customer groups, while supporting the acquisition and retention of retail customer funds. • As at 30 September 2026, total deposits from personal customers of Erste Bank Polska S.A. were PLN 131.1bn, up 7.0% YoY. Current account balances increased by 19.1% YoY to PLN 99.7bn (including a 38.0% YoY rise in savings account balances), while term deposit balances decreased by 19.1% YoY to PLN 31.4bn.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 18/53 Product line for personal customers Activities of the Retail Banking Division in Q3 2026 (cont.) o Deposits • In 2026, the Bank continued to develop its deposit offering for retail customers, focusing on attracting new funds and supporting customer acquisition. As part of these efforts: o The 13th edition of the “New Funds in the Multi Savings Account” promotion was launched, offering an interest rate of 4.5% on new funds up to PLN 200k. o The “I Take Care of My Financial Health” programme was continued. The number of Pro Savings Accounts exceeded 100k and the value of funds accumulated in these accounts at the end of the unconditional period for preferential interest totalled PLN 6.4bn. In subsequent months, the application of the preferential interest rate of up to 4.5% is subject to additional conditions. o The Bank maintained its “Welcome Deposit” offer for new customers opening their first account with the Bank, bearing an interest rate of 4.5% during the reporting period for balances of up to PLN 50k. o The offering for new affluent customers was expanded to include the “Welcome Deposit for You in Erste Platinum” promotion, offering an interest rate of 5.5% on balances of up to PLN 250k subject to the promotion terms and conditions. • The Bank’s deposit offering also included standard term deposits for 3, 6 and 12 months, the Fund-linked Deposit and negotiated deposits targeted in particular at affluent customers. • The Bank continued to offer the “Deposit for the Young”, supporting regular savings among its youngest customers. • The “My Goals” service continued to be developed, enabling customers to set aside funds for specific savings objectives. The number of savings goals created exceeded 2.5m. o Investment funds managed by Erste TFI S.A. • In Q3 2026, net sales of investment funds managed by Erste TFI S.A. were positive and totalled PLN 1,470.1m (excluding portfolio management services) amid an increased volatility of financial markets caused by tensions in the Middle East and concerns about rising inflation. • Particularly popular were short -term debt sub -funds (58%) and equity sub -funds (18%), supported by the strong performance of equity investment solutions. Erste Prestiż Calm Investment sub-funds were the best performing short-term sub-funds. • In Q3 2026, Erste TFI S.A. continued to build its market position in terms of Employee Capital Plans (ECPs). As at 30 September 2026, the company managed ECP assets of PLN 988.3m from 130 thousand Erste PPK SFIO unitholders. • The total net assets of investment funds managed by Erste TFI S.A. were PLN 34.7bn, up 12.2% Ytd. • In the analysed period, Erste TFI S.A. continued to cooperate with Erste Bank Polska S.A. in selling products to customers from the Private Banking and Platinum segments and developing distribution in the Mass and Premium segments.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 19/53 Product line for personal customers Activities of the Retail Banking Division in Q3 2026 (cont.) o Brokerage activities • The migration to the new trading system of the Warsaw Stock Exchange (WATS) was completed. • Preparations for the acquisition of an organised part of the enterprise of Erste Securities Polska continued. • Further measures were taken in cooperation with the Bank as regards the development of a joint investment solution as part of the Personal Investment Account. • A provider of a solution supporting the provision of investment advisory services was selected. The solution will replace the currently used Spirit system. Bancassurance • The Bank continued the digitalisation of post -sales processes, including the implementation of self-service solutions enabling customers to withdraw from agreements or change the parameters of product-related accounts. • Next stages of IT system upgrade and legacy environment transformation were completed. • Technology, regulatory, operational and service solutions were implemented to increase process efficiency, improve customer service quality and reduce technological debt. • The following customer acquisition campaigns were carried out: o a marketing campaign supporting the sale of motor insurance products and the Locum Comfort product; o a campaign aimed at acquiring customers for the Pro Account, combining the current account offering with insurance products. Private Banking • In Q3 2026, the Bank extended its investment fund offering to include: o Superfund Plus US 500 (Superfund FIO Portfelowy); o Superfund Plus US 500 (EUR) (Superfund FIO Portfelowy); o Franklin U.S. Dollar Short-Term Money Market Fund. Small and Medium Enterprises (SMEs) Product line for SMEs Activities of the Retail Banking Division in Q3 2026 Business accounts and bundled products • The Bank continued initiatives aimed at acquiring and increasing the activity of sole traders: o As part of the “Personal Account Bonus for Business Customers” promotion, holders of the Online Business Account who were invited to participate could receive bonuses of up to PLN 720 over six months for opening and actively using a personal account. o A special offer was launched for sole traders who had previously participated in the “We Reward Active Customers” or “Earn up to PLN 4,500 with a Business Account” promotions. • Other promotions and bonus initiatives for SME customers: o As part of the “Earn up to PLN 4,500 with an Online Business Account” promotion, the Bank offered business accounts free of charge, along with the opportunity to receive bonuses of up to PLN 4,500 subject to the promotion terms and conditions. o Participants in the “My Bonus” loyalty programme earned points for actively using the Bank’s products and services, which could be redeemed for rewards. o As part of the referral programme, customers could receive rewards in the form of electronic gift cards for successfully referring the Bank’s products and services. o Under the eTerminal on Phone promotion, the Bank waived fixed fees for customers using the SoftPOS solution. o SME customers were provided with a seasonal payment terminal offering, allowing them to sign agreements for periods ranging from one day to six months. • In July 2026, the multicurrency functionality of business cards was extended to include six new currencies: CNY, HKD, NZD, SGD, ZAR and THB, enabling SME customers to link a single card with accounts maintained in 21 currencies and make international and o nline transactions without incurring currency conversion costs.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 20/53 Product line for SMEs Activities of the Retail Banking Division in Q3 2026 (cont.) Loans • As part of the “3 × 0%” offer, the Bank provided preferential overdraft terms to sole traders who opened an Online Business Account between 1 March and 30 September 2026: no arrangement, commitment or management fees. The maximum loan amount was set at PLN 300k. • As part of the “Fee -Free Business Summer” offer, the Bank waived the arrangement fee on variable-rate business loans granted through electronic banking channels. The maximum loan amount was PLN 600k. • The “No Fee at the Start” offer, addressed to new business customers, included the waiver of the arrangement fee on variable-rate business loans. Leasing and lending facilities • In Q3 2026, Erste Leasing S.A. migrated the origination and servicing of retail customer agreements to a new system, improving efficiency and reducing process delivery times. • The availability of mortgage loans for customers from the Agri sector was increased by adding them to the range of products distributed through the agents of Erste Bank Polska S.A. • An AI-based solution for reading and processing traffic fines was implemented, automating the process and reducing document handling times. • As part of a pilot programme, a new FLOOR fixed -rate option was introduced in August 2026 and the availability of the LOW fixed-rate option was expanded, enhancing the competitiveness of the offering and better responding to customer needs. • A number of changes were implemented to the processing of transactions under a simplified procedure for SME customers, including an extension of the range of assets eligible for that procedure and an increase in the maximum exposure threshold qualifying tr ansactions for the “small assets” procedure. • During the nine months of 2026, the value of net assets financed by Erste Leasing S.A. decreased by 14.3% YoY to PLN 5.6bn, reflecting its slower sales in the light vehicle segment as well as in machines and equipment.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 21/53 2. Business and Corporate Banking Division Direction Activities of the Business and Corporate Banking Division in Q3 2026 Business trends in the main product lines • Business development focused on increasing customer engagement and further diversification of the business model. • Strong focus was placed on the generation of non-interest income and steady development of lasting customer relationships. • The Bank played a key role in the execution of significant transactions supporting the energy transition and financing investment needs of customers from various industries. • The Bank provided customers with working capital finance and solutions mitigating risk in trade transactions, including international ones. • Improved effectiveness of the lending process and service model contributed to dynamic growth of the credit portfolio. • The corporate portfolio continued to demonstrate strong credit quality, with the cost of risk remaining at a low and stable level. • Results improved across all business lines, including: o 14.0% YoY rise in the number of mobile customers; o 11.5% YoY increase in FX income from the eFX platform; o 15.0% YoY growth in the volume of performing loans; o 11.0% YoY rise in credit limits. Business transformation/ digitalisation Simplification and digitalisation • The Bank consistently develops its digital infrastructure, focusing primarily on process automation and the expansion of data resources. • Increased focus is placed on the development of tools based on AI (including generative AI), while ensuring their ethical and responsible use to support increased business efficiency. • The Bank continues to develop the iBiznes24 electronic banking platform and the iBiznes24 mobile app in line with its strategy, taking into account ongoing customer feedback. In Q3 2026, a number of changes were implemented to improve the functionality of both solutions and enhance the day-to-day user experience. • In the credit area, further improvements to the Corporate Lending Platform (CLP) are being implemented. These solutions shorten credit processing times, support the management of a larger customer base and reduce the volume of email correspondence. Transformation • The Bank continued to implement innovative transformation programmes aimed at enhancing the work environment, developing leadership skills and facilitating the exchange of experience among leaders. Product offering • Erste Bank Polska S.A. continues to expand its modern offering for corporate customers, including solutions based on POLSTR, the new benchmark supporting the transformation of the Polish financial market. By appropriately adapting its systems and products, the Bank provides customers with access to solutions aligned with regulatory and market changes. Public sector • The Bank steadily expanded its customer base across local authorities at all administrative levels, from provinces to cities and towns to municipalities. • The portfolio of structured finance for local government entities was further increased, and risk-weighted assets were optimised. • The Bank actively supported the development of new financing solutions for the energy transition and zero-emission public transport projects. • Erste Bank Polska S.A. strengthens its position as one of the leaders of business finance, securing top positions in EU and guarantee programmes implemented in partnership with BGK. With its expert support and broad product offering, the Bank effectively s upports businesses in delivering investments related to innovation, energy transition and development of new technologies.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 22/53 Direction Activities of the Business and Corporate Banking Division in Q3 2026 (cont.) International banking • Leveraging the Group’s international presence and cooperation with foreign banks and bilateral partners, the Bank supported the foreign expansion of Polish exporters, as well as the operations of foreign-owned companies present in Poland. • These initiatives included the organisation of B2B meetings and other on-site and online events aimed at: o facilitating the exchange of knowledge, practical experience and business networking; o establishing relationships with foreign investors planning to start or expand their business in Poland; o strengthening cooperation with representatives of foreign-owned companies operating in Poland. • The Bank participated in the 32nd Czech -Polish-Slovak Business Forum in Ostrava, an important cross -border business forum organised under the patronage of the Consulate General of the Republic of Poland. The event provided an opportunity to strengthen relationships with Polish and Czech companies and to promote Erste Group’s presence in both markets. • In cooperation with the Polish -Romanian Chamber of Commerce, Erste Bank Polska S.A. co - organised the Kraków Business Mixer 2026. The event attracted more than 200 participants and provided an opportunity to promote the Erste brand, strengthen relationships with business partners and reinforce the Bank’s position as a trusted financial partner in Central and Eastern Europe. Awards and recognitions • The Bank received its tenth Laur Cessio award at the 17th Receivables Management Congress, ranking second in the “Banking Sector” category. • Erste Bank Polska S.A. received three distinctions in Euromoney Awards for Excellence: o Best Investment Bank in Poland o Best Bank in Poland for Customer Experience o Best Bank in Poland for Responsible Banking Area Activities of Erste Factoring Sp. z o.o. in Q3 2026 Factoring • As at 30 September 2026, the factoring receivables portfolio of Erste Factoring Sp. z o.o. totalled PLN 10.3bn and increased by 17.5% YoY, thereby reinforcing the company’s position as the market leader. • The value of receivables purchased by the company grew by 14.6% over the first nine months of 2026 to PLN 42.9bn. • Factoring products based on the new POLSTR benchmark were introduced into the offering.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 23/53 3. Corporate and Investment Banking Division Unit Activities of the Corporate and Investment Banking Division in Q3 2026 Credit Markets Department • The Bank engaged in active dialogue with key customers as regards planned syndicated loan refinancing, new project finance transactions as well as debt and sustainable finance advisory services. Increased demand for financing has been observed in particula r in the energy, commercial real estate, TMT, pharmaceutical, mining and automotive sectors. • The Bank is one of the most active participants of the local syndication and underwriting market. After a particularly active second quarter of 2026, during which the Bank completed the syndication of nearly EUR 300m worth of leveraged finance for a customer from the AdTech sector and facilitated a drawdown of PLN 150m under a term loan for an e -commerce customer, activity levels in the third quarter were naturally lower, primarily due to the holiday season. Nevertheless, the inflow of new projects remained strong, particul arly in the trade finance area, including risk transfer transactions related to factoring programmes for the retail sector as well as the corporate finance area, where the Bank analysed the possibility to underwrite the refinancing of Schuldschein bonds fo r a regional customer. At the same time, the PDM Syndication Department continued to develop and analyse new asset distribution solutions such as Private Credit Insurance and sale of loans insured by export credit agencies. In the project finance and syndicated lending area, the Bank: • Performed multiple roles in a financing transaction involving a technology and industrial sector company. • Acted as a lender in the refinancing of a restaurant chain operator. • Participated in the refinancing of a manufacturing company. As regards the issue of debt instruments, the Bank continued to act as the lead arranger of bond issues in the domestic and foreign markets for customers from Poland. In particular, it: • Participated in PLN 900m worth of corporate bond issues in Poland. • Participated in EUR 350m worth of eurobond issues for corporate customers. • Arranged bond issues for subsidiaries for a total amount of PLN 572.5m. In the sustainable finance advisory area, the Bank: • Completed a sustainable financing project for an e-commerce company, acting as the Sustainable Finance Coordinator in implementing the financing framework; • Continues to expand its sustainable finance advisory services and is currently executing seven active mandates (including three within the Group’s markets). Capital Markets Department The key initiatives of the Capital Markets Department included: • Acting as the sole broker in share buyback transactions for three companies from the retail, clothing and jewellery, and IT sectors. • Acting as the sole advisor on the sale of a retail chain.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 24/53 Unit Activities of the Corporate and Investment Banking Division in Q3 2026 (cont.) Global Transactional Banking Department Business trends in trade finance: • The volume of documentary transactions (including guarantees and letters of credit) remained stable, both in terms of limits and utilisation levels. At the same time, a slight YoY growth trend was observed. Owing to extensive relationships with trade finan ce banks, the Bank remained active in the counter-guarantee area, receiving a significant number of inquiries about issuing guarantees on behalf of foreign financial institutions. An increase was also observed in the demand for single high-value guarantees related to investment transactions. • The utilisation of working capital finance (notably factoring, reverse factoring and confirming) was record high, with substantial growth reported both month -on-month and year -on-year. The demand for supply chain finance and trade receivables finance increased significantly too. • The portfolio of long-term transactions secured by export credit agency guarantees continued to expand, especially in the energy sector, with a particular focus on renewable energy projects. Benefits arising from the continued partnership with KUKE and the joint implementation of investment -related guarantees (offered on an untied support basis) also increased. In addition, the Bank established cooperation with new export credit agencies. Along with its financing activities, the Bank continued to develop ex port finance coordination and advisory services supported by the above-mentioned agencies. Business trends in transactional banking: • Deposit activities delivered positive results in terms of both portfolio growth and profitability. At the end of Q2 2026, customer deposit volumes increased significantly, and this level was maintained throughout Q3 2026. At the same time, the Bank renegotiated account interest rate terms, keeping its funding costs at a stable level. • Transactional banking activities remained stable. Business trends in other areas: • Compared to the end of June 2026, the utilisation of revolving loans increased by 5.8% at the end of September 2026 to PLN 4.4bn. • Between Ju ly and September 2026, the average monthly overdraft utilisation was approximately 89% (PLN 1,049m), up 15% compared to March–June 2026. Benchmark reform (POLSTR): • The Bank disbursed the first two tranches based on the POLSTR rate, using the Last Reset and Lookback Compound methodologies. Processing of these transactions within the Bank’s systems was completed seamlessly. • The Bank will no longer offer new loans based on WIBOR starting from January 2027. Financial Markets Area Institutional customers: • Key transactions executed by Erste Brokerage Poland in Q3 2026 included the completion of two share buyback programmes. • In Q3 2026, 25 expert analytical recommendations were published for companies listed on CEE markets, strengthening the Bank’s position as a leading equity research provider. Strategic Client Office: • The continuing upward trend in foreign exchange transaction volumes contributed to a further increase in the segment revenues. • The Bank’s units continued to exchange expert knowledge and transaction experience with business units operating in other Erste Group markets. Treasury Services Department: • FX volumes in the corporate customer segment grew by 10% YoY. • The number of corporate investors actively trading in bonds issued by Erste Leasing and Erste Factoring increased by 35% YoY. • Several major interest rate hedges were executed, including transactions with a nominal amount of EUR 110m in the Premium Property segment and PLN 139m in the Premium Commercial segment. • The number of SME and retail customers using the Kantor currency exchange platform reached record high levels. Financial Market Transactions Department: • The Bank placed first in the latest Treasury Securities Dealers ranking published by the Ministry of Finance after Q2 2026.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 25/53 IV. Organisational and infrastructure development 1. Human resources management Employment As at 30 September 2026, the number of FTEs in Erste Bank Polska Group was 10,23 9 (10,103 FTEs as at 31 December 2025), including 9,664 FTEs of Erste Bank Polska S.A. Employment in Erste Bank Polska Group increased by 275 FTEs YoY and 136 FTEs Ytd. The Group continues the transformation of the business model through digitalisation, branch network optimisation, migration of products and services to remote distribution channels, and the gradual implementation of technological and organisational solutio ns increasing operational efficiency. The objective is to allocate the maximum resources to strengthen customer relationships, grow busines s and build skills matching the target profile for the organisation. The HR processes take into account present operational needs, development requirements as well as the market and regulatory environment. 9,433 9,434 9,432 9,553 9,583 9,660 9,664 533 532 532 550 561 571 575 9,966 9,966 9,964 10,103 10,144 10,231 10,239 31-Mar-2025 30-Jun-2025 30-Sep-2025 31-Dec-2025 31-Mar-2026 30-Jun-2026 30-Sep-2026 Employment at Erste Bank Polska Group (in FTE) at the end of consecutive quarters in 2025 and 2026 Other subsidiaries Erste Bank Polska S.A. Update of the nomination, succession planning and suitability policies In view of changes to applicable laws, including the Banking Law, in Q3 2026 the Bank updated: → Nomination and Succession Planning Policy for Management Board Members in Erste Bank Polska S.A.; → Nomination and Succession Planning Policy for Key Function Holders in Erste Bank Polska S.A.; → Policy on Selection and Suitability Assessment of Management Board Members and Key Function Holders in Erste Bank Polska S.A. The amendments refined the principles governing the identification of key functions, the appointment of key function holders and succession planning as well as the assessment of suitability both prior to appointment and during the term of office. The reg ulations were also aligned with the applicable requirements related to the documentation of the above processes, the fulfilment of rep orting obligations towards the supervisory authority and the measures to be taken where the required criteria are not met. The updated policies were approved by the Bank’s competent bodies. Delivery of HR strategic objectives In Q3 2026, the Bank continued to implement initiatives arising from its HR strategy and the strategic priorities of Erste Gr oup. They focused on further enhancing employee experience, developing leadership skills, improving performance management processe s, implementing modern digital solutions and fostering a corporate culture based on collaboration, diversity and accountability.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 26/53 The HR initiatives included: Employee experience • Following the employee engagement survey conducted in May 2026, the Bank continued measures to improve employee experience both at the level of individual organisational units and across the entire Bank. Based on the survey results, key drivers of employee satisfaction and engagement were identified and both local and Bank -wide initiatives were undertaken, focusing on the areas of greatest importance. • The Bank continued to develop its employee lifecycle management approach. Initiatives in this area included the introduction of new surveys covering the onboarding and offboarding processes as well as the identification of key moments throughout the employ ment lifecycle that have the greatest impact on employee experience. • Work on the employee experience strategy for the coming years entered its final phase. Based on surveys conducted among employees and customers, strategic priorities were defined and a model was developed to support the consistent design of positive experiences for both groups. Employer branding and corporate culture • The Ambassador Programme was further developed to engage employees in initiatives that support employer branding and enhance the visibility of Erste Bank Polska S.A. in the labour market. • Communication and employer branding initiatives were carried out to strengthen the Bank’s position as a modern and responsible employer and to support the acquisition of key talents in the labour market. • Further measures were taken to promote the culture of respect, collaboration and diversity, while supporting the development of a safe work environment. Management by objectives and leadership development • The Bank continued to implement the management by objectives model aligned with Erste Group’s standards. Managers and employees were supported in building the culture of regular feedback, monitoring progress and strengthening ownership of results. • Development initiatives for managers were implemented to strengthen leadership skills, support effective change management and create engaged teams. Employee safety and health • The Bank continued initiatives aimed at promoting employee health and wellbeing, including preventive care, physical activity, mental health support and education on healthy lifestyle habits. These measures were designed to build awareness and encourage personal responsibility for health, while fostering the culture of wellbeing across the organisation. Particular focus was placed on preventive care, first aid as well as conscious and balanced use of technology. • Initiatives were undertaken to foster the safety culture, focusing on employee education, engagement and the sharing of knowledge and best practice related to a safe and healthy work environment. Digital transformation of the HR function • As part of development of a modern and scalable HR ecosystem, solutions were implemented to improve operational efficiency, data quality and experience of employees and candidates. At the same time, measures were underway to ensure compliance with regulato ry requirements and prepare the organisation for further transformation. o Migration of PAGO NXT employees – employees were successfully migrated to the target HR and payroll platform, ensuring continuity of the processes supported, high data quality and regulatory compliance, with no disruption to employee services. o Digitalisation and standardisation of payroll data – the Bank developed and piloted a uniform approach to the management of input data used for payroll processes, improving data quality, reducing manual work and standardising processes across the organisation. o Digitalisation of recruitment processes – a confidential recruitment process was launched, and candidate communication was refined, improving operational efficiency, process transparency and candidate experience. o AI solutions and automation of HR processes – the use of ADA, an AI assistant handling recurring enquiries, was extended to include additional HR teams. AI Recruitment Brief was developed to support the recruitment process, and key APEX functions were implemented to facilitate management by objecti ves. These solutions contribute to process automation, improve decision-making and enhance efficiency of HR teams. Great Place to Work certificate for Erste Bank Polska S.A. For the fourth time running, Erste Bank Polska S.A. was awarded the Great Place to Work certificate by Great Place to Work® in recognition of the high level of trust and positive employee experience driven by corporate culture initiatives.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 27/53 2. Proposed acquisition of an organised part of the enterprise On 23 July 2026, the Supervisory Board approved the Management Board’s resolution of 15 July 2026 concerning the acquisition by Erste Bank Polska S.A. of an organised part of the enterprise from Erste Securities Polska S.A. The parties intend to enter into a preliminary sale agreement, which will specify in detail the subject matter of the transaction and the purchase price. Following the completion of the preparatory process, the organised part of the enterprise will be transferred to and integrated with the Bank. According to current estimates, it is expected to take place in 2027. 3. Changes in the Group structure Planned change in the ownership structure of Erste Towarzystwo Funduszy Inwestycyjnych S.A. On 2 July 2026, Erste Bank Polska S.A. decided to sell one share in Erste Towarzystwo Funduszy Inwestycyjnych S.A. (Erste TFI S.A.) for EUR 2,924 to Erste Asset Management GmbH, an entity from Erste Group. The completion of the transaction was subject to t he Polish Financial Supervision Authority (KNF) raising no objection and to an entity from Erste Group becoming the parent undertaking. On 28 September 2026, the Management Board of Erste Bank Polska S.A. was informed that the KNF had raised no objection to the acquisition by Erste Asset Management GmbH of the majority stake in Erste TFI S.A. Until the execution of the share transfer agreement (that is, until 15 October 2026) and the implementation of the target mod el for the distribution of investment products under the control of the new majority shareholder from Erste Group, the control relationships arising from the existing ownership structure remained unchanged. Consequently, as at the balance sheet date closing Q3 2026, Erste B ank Polska S.A. continued to exercise control over Erste TFI S.A., and the company remained a subs idiary of the Bank and was fully consolidated in the consolidated financial statements of Erste Bank Polska Group. Following the decision to sell the share, the Bank did not separately disclose a disposal group classified as held for sale or discontinued operations within the meaning of IFRS 5. The operations of Erste TFI S.A. did not represent a separate major busines s line of the Group (the share of Erste TFI S.A. in the Group’s profit before tax for the three quarters of 2026 was 3.0%) or a separate geographical area of operations. Changes in the ownership structure of Erste TFI S.A. after the reporting period On 15 October 2026, following the fulfilment of the regulatory condition, an agreement was executed whereby one share in Erst e TFI S.A. was transferred from Erste Bank Polska S.A. to Erste Asset Management GmbH. As a result of the transaction, Erste Asset Management GmbH acquired a direct shareholding, and Erste Group Bank AG an indirect shareholding, representing more than 50% of the share capital and the total voting rights at the General Meeting of Erste TFI S.A. Consequently, Erste Asset Management G mbH obtained control over Erste TFI S.A. Following completion of the transaction, as of 15 October 2026, the Bank holds 67,499 shares in the company representing approximately 49.999% of the share capital and the total voting rights at the General Meeting of Erste TFI S.A. Erste TFI S.A. ceased to be a subsidiary and is no longer subject to full consolidation in the Bank’s consolidated financial statements. Going forward , it will be accounted for as an associate using the equity method. As a consequence of the loss of control over Erste TFI S.A., a one -off impact of the transaction will be recognised in the Group’s consolidated income statement based on the balance sheet data as at 31 October 2026. The change in control over Erste TFI S.A. is part of an intra -group reorganisation intended to place the company under the oversight of an entity specialising in asset management, while supporting its further growth and optimising its operations. The Bank’s loss of control does not mean the end of its cooperation with Erste TFI S.A. in terms of distribution of investment funds and asset management services. The products and services of Erste TFI S.A. remain an integral part of the Bank’s offering for its customers.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 28/53 4. Development of distribution channels of Erste Bank Polska S.A. The table below presents the main sales channels of Erste Bank Polska S.A. and basic statistics on remote channel users. 1) Network of Erste Bank Polska ATMs managed by specialised operators. 2) Number of customers who signed an electronic banking agreement under which they can use the available products and services r emotely. 3) The number of active internet and mobile banking users (digital customers) who at least once logged into internet or mobile b anking or checked their balance without logging in the last month of the reporting period. 4) Number of active mobile banking customers who at least once logged into the mobile application or checked their balance witho ut logging in the last month of the reporting period. 5) Customers with active access to iBiznes24 – an electronic platform for business customers. Traditional distribution channels As at 30 September 2026, Erste Bank Polska S.A. had 305 branches, 2 Erste Zones and 159 partner outlets. 166 164 164 161 161 160 159 13 9 8 8 7 6 2 309 308 308 307 305 305 305 488 481 480 476 473 471 466 31-Mar-2025 30-Jun-2025 30-Sep-2025 31-Dec-2025 31-Mar-2026 30-Jun-2026 30-Sep-2026 Number of branches and partner outlets of Erste Bank Polska S.A. by quarter in 2025 and 2026 Partner outlets Off-site locations and Erste Zones Branches Erste Bank Polska S.A. 30.09.2026 31.12.2025 30.09.2025 Branches (locations) 305 307 308 Erste Zones (acquisition stands) 2 8 8 Partner outlets 159 161 164 Business and Corporate Banking Centres 6 6 6 Single-function ATMs 1) 117 123 123 Dual-function machines 1) 1,290 1,273 1,268 Registered internet and mobile banking customers 2) (in thousands) 5,561 5,321 5,318 Digital (active) internet and mobile banking customers 3) (in thousands) 4,154 3,942 3,907 Digital (active) mobile banking customers 4) (in thousands) 3,635 3,361 3,306 iBiznes24 – registered companies 5) (in thousands) 31 30 31
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 29/53 Remote channels In Q3 2026, Erste Bank Polska S.A. further improved the functionality, performance and security of digital contact channels i n line with its long-term strategy which is to increase the share of such channels in customer acquisition and sales. Electronic channel Selected solutions and improvements introduced in Q3 2026 Internet and mobile banking • The option to select the transfer type was restored as part of the “New Transfer” feature available from the account details level. • A new feature was introduced enabling customers to add an attorney for the account. • Holders of Individual Pension Security Accounts (IKZE) were offered a possibility to invest funds held in those accounts. • Parents were enabled to block and unblock their child’s BLIK transactions. • The mobile app personalisation features were expanded to include a new “Gradients” wallpaper category. • An option was introduced to activate behavioural protection, providing additional security when using electronic banking services. • Customers were offered a possibility to set a new password if access to internet and mobile banking had been blocked. • The international transfer execution process was optimised. Erste Open • Erste Bank Polska S.A. maintained its position among the Polish market leaders in open banking services. • The Bank’s customers can integrate their accounts (AIS) and initiate payments (PIS) in relation to accounts held with any of the following ten banks: Alior Bank, Bank Millennium, BNP Paribas, Credit Agricole, ING Bank Śląski, mBank, Nest Bank, PKO BP, Pekao S.A. and VeloBank. • The AIS and PIS functions are available both in internet banking and in the mobile app. Contact Centre (Multichannel Communication Area and Remote Distribution Area) • The Bank continued to develop remote and digital customer services based on AI solutions, while automating processes and introducing new features to support both customers and employees. A Virtual Assistant was launched in internet and mobile banking and an LLM-based solution was implemented to facilitate access to knowledge resources for Contact Centre staff. • Chat and video functions were further developed through the implementation of Genesys 2.0 routing, expansion of messaging capabilities, launch of a post-login chatbot, introduction of deep links directing users to specific processes and customer identification using the mObywatel application. • At the same time, the Dialer solution was further enhanced by introducing the number rotation, contact prioritisation and short-call recovery mechanisms. The level of operational process automation and the degree of specialist expertise were further increased. These initiatives contributed to the improvement of operational efficiency, shortening and simplification of service processes and enhancement of customer and employee experience. 5. Continued digital transformation Key transformation initiatives Key digital transformation directions of Erste Bank Polska Group In Q3 2026, Erste Bank Polska Group continued to deliver its key digital transformation projects, focusing on the upgrade of IT architecture, automation of business processes and integration of technology and regulatory standards of Erste Group. One of the Bank’s major initiatives is the migration of the Microsoft 365 environment in connection with the ownership change and integration with Erste Group. In Q3 2026, the design and analysis phase was completed and the preparation and pre-production testing stage was launched. Two test migrations and the final production migration are planned for October 2026. Alongside this, the Bank took further measures to strengthen IT security and improve operational efficiency, supporting the delivery of its long -term business and transformation objectives.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 30/53 Key digital transformation projects of Erste Bank Polska Group The table below presents the selected projects delivered by Erste Bank Polska S.A. in Q3 2026 in line with its main digital transformation directions. Initiative Selected projects delivered in Q3 2026 Improvement of availability, reliability and performance of the Bank’s systems • The use of AI in software development and testing processes was further expanded through the launch of operational AI factories. The solution supports business analysis, software development and testing and was applied to 75% of all IT requirements. • AI tools supporting Core Banking system maintenance were further developed, accelerating the identification and resolution of incidents and improving the stability and availability of the Bank’s key systems. Enhancement of security of the Bank’s systems • The Bank continued the transformation of the cybersecurity area in line with the target operating model of Erste Group. A new Security Information and Event Management (SIEM) platform was launched, integrating data from key technological areas and strength ening the Bank’s capabilities in terms of detecting, analysing and responding to cyber threats. • Vulnerability identification and management capabilities were further developed through the launch of a continuous security assessment service for internet -facing assets, which supports penetration testing. This solution enables automatic detection of potential vulnerabilities and their ongoing analysis and verification by cybersecurity experts, thereby improving the effectiveness of identification and mitigation of security risks. • The Cyber AI Community initiative was established to build competencies and develop security standards in the AI area. • Following its implementation in internet banking in Q1 2026, behavioural protection was now deployed in the Bank’s mobile application. Together with other components of anti -fraud systems, it enhances the security of the Bank’s customers and their transactions. • Efforts were continued to raise customers’ awareness of cyber threats and fraud. Information on the most common threats, together with guidance on how to deal with them, was communicated through internet and mobile banking channels, enabling the Bank to reach millions of customers using electronic banking services every day. • The remote customer identification process was further extended by using the mObywatel app in post- sales processes. Implementation of regulatory requirements • The escrow account management system was aligned with the requirements arising from the amended laws on residential escrow accounts and the Developer Guarantee Fund, ensuring that processes and technological solutions comply with the regulatory framework. • As part of measures related to the WIBOR reform, the Bank completed tests of calculation methods for products based on POLSTR and launched post -sales services in relation to the first loan agreements using the new solutions. • The Instant Payments Regulation (IPR) project was continued to enable customers to make instant EUR payments across all channels (branches, mobile app and business banking platforms) . Among other things: o an agreement with the National Clearing House (KIR) was concluded; o a test connection for the Verification of Payee (VoP) service was launched. The project will be implemented in stages until July 2027, in line with regulatory requirements. • Preparations for the implementation of the ISO 20022 standard continued, including the launch of tests of adaptation of ELIXIR payments to the new message format. These measures support regulatory compliance and the Bank’s preparations for the planned implementation of the standard in 2027. • Bail-in process (administrative write-down or conversion of liabilities as part of resolution): the reporting was further automated, resolution and bail-in procedures were tested and measures were continued to prepare the Bank for implementation of the Bank Guarantee Fund’s requirements.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 31/53 Initiative Selected projects delivered in Q3 2026 (cont.) Automation and optimisation of operational processes • BPMS (Business Process Management System): the Bank completed the next stages of development of the strategic platform supporting the digitalisation and automation of operational processes. In Q3, the migration of forms and processes to a common, integrate d workflow environment continued. The migration covered, among other things, the retail customer account closure process and selected processes in the areas of credit cards, insurance and transactions, increasing the level of automation and standardisation of services. • The Bank continued to develop solutions based on GenAI technology to support the automated extraction, analysis and classification of documents used in operational processes. The application of this technology was further expanded to include insurance poli cies, court documents, invoices and credit documentation, improving the effectiveness of data processing and operational processes. • The platform supporting corporate lending processes was further developed. New functions were implemented, including the automation of contractual documentation generation for selected credit facilities as well as improvements to systems supporting the adm inistration and management of credit processes. • Customers were offered a possibility to link their payment cards to accounts held in 21 foreign currencies, including AUD (Australian dollar), CAD (Canadian dollar), HUF (Hungarian forint), TRY (Turkish lira), RON (Romanian leu), MXN (Mexican peso), CNY (Chinese yuan), HKD (Hong Kong dollar), NZD (New Zealand dollar), SGD (Singapore dollar), THB (Thai baht) and ZAR (South African rand). • The management of collection account operations related to debt sales was automated, including settlements and account closure. The implemented solution streamlined the process and improved operational efficiency. • In line with Article 76 of the Polish Banking Law, the Bank modified the process of amending lending terms and the related documentation. Furthermore, the handling of annexes was automated in relation to automatically renewed overdrafts and loans repaid in equal instalments. • The application of AI solutions in digital channels and customer service processes was further expanded: o selected customers were provided with a Virtual Assistant, which supports them in using internet and mobile banking by answering their questions and facilitating access to functions and services; o an LLM-based solution was implemented for Contact Centre employees to increase customer self- service, facilitate access to the knowledge base and improve effectiveness of service processes. • The Price Advisor was launched in internet banking, providing customers with information on progress towards meeting the conditions for fee waivers on personal accounts and payment cards, enhancing the transparency of the offering and supporting customer self-service. • Google Pay was made available to children aged 7 and over, enabling them to use modern digital payment methods while maintaining parental control. • The strategy for development and modernisation of the core banking system was developed, including an architecture simplification plan, the identification of areas requiring development, upgrade or decommissioning, and ways to reduce the complexity of the solution and its maintenance costs. This initiative sets a framework for further transformation of the Core Banking environment.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 32/53 V. Financial situation after Q3 2026 1. Consolidated income statement Structure of Erste Bank Polska Group’s profit 1) Other income includes total non-interest and non-fee income of the Group comprising the following items of the full income statement: dividend income, net loss on shares in affiliates, net trading income and revaluation, gain/loss on other financial instru ments, gain/loss on derecognition of financial instruments measured at amortised cost, and other operating income. 2) Depreciation/amortisation includes depreciation of property, plant and equipment, amortisation of intangible assets and depre ciation of right-of-use assets. 3) This line item includes the raised and released provisions for legal risk and legal claims related to foreign currency mortga ge loans. Together with the gain/loss on derecognition of financial instruments measured at amortised cost (included in other incom e), it presents the total impact of legal risk connected with the above-mentioned loans on the Group’s performance in line with the accounting treatment based on IFRS 9. The Group measures and presents legal risk connected with its foreign currency mortgage loan portfolio by reducing the gross carrying amount of loans in line with IFRS 9. If there is no exposure to cover the estimated provision (or the existing exposure is insufficient), the provision is recognised in accordance with IAS 37. 4) Due to the sale of shares in Santander Consumer Bank S.A. (SCB S.A.) announced in May 2025 and finalised on 23 December 2025, in the consolidated income statement for the 9 -month period ended 30 September 2025 the results of SCB S.A. and its subsidiaries a re presented as discontinued operations separately from continuing operations. Condensed consolidated income statement of Erste Bank Polska Group in PLN m (for analytical purposes) Q1–Q3 2026 Q1–Q3 2025 4) Change (%) YoY Total income 12,113.2 12,008.2 0.9% - Net interest income 9,467.5 9,549.0 -0.9% - Net fee and commission income 2,182.5 2,196.7 -0.6% - Other income 1) 463.2 262.5 76.5% Total costs (4,375.3) (3,607.9) 21.3% - Staff, general and administrative expenses (3,840.1) (3,099.3) 23.9% - Depreciation/amortisation 2) (402.0) (439.4) -8.5% - Other operating expenses (133.2) (69.2) 92.5% Net expected credit loss allowances (367.1) (439.5) -16.5% Cost of legal risk connected with foreign currency mortgage loans 3) (801.1) (986.6) -18.8% Share in net profit (loss) of entities accounted for by the equity method 84.5 85.7 -1.4% Tax on financial institutions (630.1) (620.5) 1.5% Consolidated profit before tax from continuing operations 4) 6,024.1 6,439.4 -6.4% Corporate income tax (2,260.7) (1,495.4) 51.2% Net profit for the period from continuing operations 4) 3,763.4 4,944.0 -23.9% Net profit (loss) for the period from discontinued operations 4) - (129.6) -100.0% Profit for the period 3,763.4 4,814.4 -21.8% - Net profit (loss) attributable to owners of the parent entity 3,691.1 4,640.4 -20.5% - Continuing operations 4) 3,691.1 4,891.7 -24.5% - Discontinued operations 4) - (251.3) -100.0% - Net profit for the period attributable to non-controlling interests 72.3 174.0 -58.4%
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 33/53 3,956.2 4,054.4 3,997.6 4,013.6 3,995.1 4,057.3 4,060.8 2,214.6 1,905.8 2,319.0 1,820.6 1,816.0 1,910.8 2,297.3 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Group's total income and profit before tax by quarter in 2025 and 2026 Total Income Profit Before Tax PLN m +1.6% YoY -0.9% YoY The profit before tax of Erste Bank Polska Group for the 9 -month period ended 30 September 2026 was PLN 6,024.1m, down 6.4% YoY. Excluding the costs of integration and rebranding projects resulting from the ownership changes finalised at the beginni ng of this year, the consolidated profit before tax decreased by 0.5% YoY. Further adjusted for contributions to the Bank Guarantee Fund, the consolidated profit before tax increased by 1.0% YoY. Net profit for the period attributable to owners of the parent entity was PLN 3,691.1m, down 20.5% YoY. This includes net profit from continuing operations (excluding loss of PLN 251.3m on discontinued operations for the nine months of 2025 related to the act ivities of Santander Consumer Bank S.A.), which decreased by 24.5% YoY. The decline reflected, among other things, a 51.2% increase in total income tax expense resulting from the higher tax rate applicable to banks. Comparability of periods On 16 June 2025, the Bank signed a preliminary agreement with Santander Consumer Finance S.A. on the sale of 3,120k shares in Santander Consumer Bank S.A. (SCB S.A.) representing 60% of the share capital and total votes at the company’s General Meetin g for the total price of PLN 3,105m. On 23 December 2025, the final sale agreement was concluded under the agreed terms and the transaction was closed. As a result, the Bank ceased to be a shareholder of SCB S.A. In relation to the above sale, starting from June 2025 SCB Group was disclosed separately in the consolidated financial state ments as discontinued operations and the results of these operations were presented directly in the Group’s income statement as profit/loss after tax from discontinued operations. Income and expenses arising from intercompany transactions between the Bank and SCB Group were eliminated in the consolidated financial statements. These eliminations were recognised in the income statement relating to discontinued operations. Selected items of the income statement affecting the comparability of periods Q1–Q3 2026 Q1–Q3 2025 Contributions to the BFG (guarantee fund and resolution fund) made by Erste Bank Polska S.A. (general and administrative expenses) • PLN 435.9m (excluding the suspended contribution to the guarantee fund) • PLN 334.4m (including a contribution of PLN 63.0m to the guarantee fund) Cost of legal risk connected with foreign currency mortgage loans of Erste Bank Polska S.A. (separate income statement line) • PLN 801.1m • PLN 986.6m Cost of integration and rebranding (operating expenses) • PLN 384.3m, including PLN 226.2m in relation to rebranding and PLN 158.1m in relation to integration • No corresponding costs
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 34/53 Selected items of the income statement affecting the comparability of periods (cont.) Q1–Q3 2026 Q1–Q3 2025 Negative adjustment reflecting the impact of the CJEU ruling on non- interest costs financed from a loan (interest income and similar income) • PLN 71m – estimated and recognised negative impact on interest income of the CJEU judgment of 23 April 2026 prohibiting the charging of interest on the portion of a loan used to finance non-interest costs • No corresponding item Furthermore, the comparability of the Group’s net profit was significantly affected by higher CIT resulting from an increase in the tax rate applicable to banks from 19% in 2025 to 30% in 2026. Determinants of the consolidated profit before tax for the first nine months of 2026 6,439.4 6,024.1 +200.7 +185.5 +72.4 +37.4 -1.2 -9.6 -14.2 -64.0 -81.5 -740.8 Profit before tax for Q1-3 2025 Other income Cost of legal risk associated with foreign currency mortgage loans Impairment allowances for expected credit losses Depreciation/ amortisation Profit attributable to the entities accounted for using the equity method Tax on financial institutions Net fee & commission income Other operating expenses Net interest income Staff, general and administrative expenses Profit before tax for Q1-3 2026 Changes in the key components of the consolidated profit before tax for Q1-3 2026 vs Q1-3 2025 Profit before tax for Q1-3 2025 and Q1-3 2026 Key components with a negative impact on a YoY change in PBT Key components with a positive impact on a YoY change in PBT PLN m -415.3m The profitability of Erste Bank Polska Group during the first three quarters of 2026 was positively affected by a 76.5% increase in other income driven by net trading income and revaluation, notably the financial effects of derivative transactions. Other c ontributors to this figure included dividend income and other operating income as well as gain on derecognition of financial instruments measured at amortised cost. The profit before tax was also positively affected by an 18.8% YoY decrease in the cost of legal risk resulting from reduction of the foreign currency mortgage loan portfolio, a 16.5% YoY decline in net expected credit loss allowances reflect ing sound credit quality and 8.5% YoY lower amortisation/depreciation following the revision of the estim ated useful lives of selected property, plant and equipment and intangible assets. The Group’s profitability was negatively impacted by a 0.9% YoY decrease in net interest income, resulting from lower interes t rates and a narrowing net interest margin. Net fee and commission income went down too (-0.6% YoY), primarily due to promotional activities aimed at acquiring and activating SME customers, which had a significant impact on the “account maintenance and payment transactions” product line. This decline was partly offset by higher net fee and commission income from distribution and asse t management, currency exchange as well as brokerage, lending, guarantee and insurance activities. Staff, general and administr ative expenses increased by 23.9% YoY in the reporting period, reflecting higher contributions to the BFG bank resolution fund, p ay rises as well as integration and rebranding activities following the acquisition of the Bank by Erste Group.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 35/53 Profit before tax of Erste Bank Polska Group by contributing entities 1) SPV XX04062025 Sp. z o.o. w likwidacji (formerly: Santander Inwestycje Sp. z o.o.) was removed from the National Court Regist er on 12 May 2026. Erste Bank Polska S.A. (parent entity of Erste Bank Polska Group) The profit before tax of Erste Bank Polska S.A. was PLN 5,821.5m, down 6.8% YoY. 185.5 124.3 97.4 57.6 44.3 13.6 12.5 -9.6 -11.1 -59.0 -72.7 -91.5 -718.7 Cost of Legal Risk Associated with Foreign Currency Mortgage Loans Net Trading Income & Revaluation Impairment Allowances for Expected Credit Losses Dividend Income Depreciation/Amortisation Other Operating Income Loss on Derecognition of Financial Instruments Tax on Financial Institutions Gains on Other Financial Instruments Other Operating Expenses Net Interest Income Net Fee & Commission Income Staff, General and Administrative Expenses Year-on-year changes in the main items of the income statement of Erste Bank Polska S.A. for Q1-3 2026 in absolute numbers in PLN m Changes in the main components of the standalone profit of Erste Bank Polska S.A. reflect the trends relating to the consolidated profit. Similarly to the Group, the Bank’s profit before tax was positively affected by an increase in net trading income and revaluation, dividend income and other operating income as well as a decrease in the cost of legal risk connected with foreign currency mortgage lo ans, net expected credit loss allowances, amortisation/depreciation and loss on derecognition of financial instruments. Negative factors included mainly higher staff, general and administrative expenses, other operating expenses and tax on financial institutions. This was combined with a YoY decrease in net interest income, net fee and commission income, and gain on other financial instruments. Subsidiaries The subsidiaries consolidated by Erste Bank Polska S.A. reported a profit before tax of PLN 303.3m, up 9.7% YoY on account of higher profits generated by Erste Towarzystwo Funduszy Inwestycyjnych S.A., which more than offset the decline in the combined res ults of the leasing and factoring companies controlled by Erste Finanse Sp. z o.o. Components of Erste Bank Polska Group’s profit before tax in PLN m (by contributing entities) Q1–Q3 2026 Q1–Q3 2025 Change (%) YoY Erste Bank Polska S.A. 5,821.5 6,248.9 -6.8% Subsidiaries: 303.3 276.4 9.7% Erste Towarzystwo Funduszy Inwestycyjnych S.A. 178.6 129.3 38.1% Erste Finanse Sp. z o.o. and its subsidiaries (Erste Leasing S.A., Erste Factoring Sp. z o.o., Erste F24 S.A.) 124.7 147.0 -15.2% SPV XX04062025 Sp. z o.o. w likwidacji 1) (0.05) 0.06 - Associates accounted for using the equity method 84.5 85.7 -1.4% Elimination of dividends received by Erste Bank Polska S.A. (185.2) (171.6) 7.9% Profit before tax from continuing operations 6,024.1 6,439.4 -6.4%
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 36/53 Erste TFI S.A. The profit before tax of Erste TFI S.A. for the nine months of 2026 increased by 38.1% YoY to PLN 178.6m, driven by a 33.1% Y oY higher net fee and commission income totalling PLN 225.9m. Asset management fees, the main contributor to the increase in net fee and commission income, grew YoY along with a rise in the average assets under management, reflecting strong Ytd net sales of investment funds and higher asset valuation. This was accompanied by a slight margin decrease resulting from reduced manageme nt fees in several equity funds and the change in the structure of net assets under management, with a higher share of lower -margin instruments. At the same time, the total operating expenses increased by 24.0% YoY to PLN 57.9m due to staff, general and administrative expenses related to, among other things, integration and rebranding. Companies controlled by Erste Finanse Sp. z o.o. The profit before tax posted by the companies controlled by Erste Finanse Sp. z o.o. declined by 15.2% YoY to PLN 124.7m. → Total profit before tax of Erste Leasing S.A., Erste Finanse Sp. z o.o. and Erste F24 S.A. for the nine months of 2026 decreased by 8.8% YoY to PLN 92.4m, reflecting an increase in net expected credit loss allowances, higher operating expenses related to the integration process (resulting from the ownership changes in Erste Bank Polska Group) and lower net insurance income amid a slowdown in car sales. At the same time, net fee and commission income was up 46.9% YoY as a result of lower synthetic securitisa tion costs following the completion of three securitisation programmes. The leasing portfolio grew by 2% YoY, generating stable YoY net interest income (+0.2% YoY). The quality of this portfolio remained sound, with non - performing exposures accounting for 3.55% (up 0.04 p.p. YoY). → The profit before tax posted by Erste Factoring Sp. z o.o. decreased by 29.2% YoY to PLN 32.3m, driven by an increase in net expected credit loss allowances and operating expenses as well as lower net interest income , reflecting changes in interest rate levels and the funding structure of the factoring business. The negative impact of the above factors was partly offset by a rise in net fee and commission income resulting from lower costs of hedging against the risk of default on the financed receivables. Structure of Erste Bank Polska Group’s profit before tax Total income Total income of Erste Bank Polska Group for the first nine months of 2026 increased by 0.9% YoY to PLN 12,113.2m. Net interest income Net interest income for the three quarters of 2026 totalled PLN 9,467.5m and decreased by 0.9% YoY as lower interest rates outweighed the positive impact of higher key business volumes and favourable changes in their structure. From 1 January 2025 to 30 September 2026, the Monetary Policy Council cut NBP interest rates by 200 b.p. in total (including by 25 b.p. in March this year). At the end of September 2026, the NBP reference rate was 3.75%. The most pronounced growth in earning assets was reported in loans and advances to business customers and the public sector (+17.6% YoY), loans and advances to individuals (+6.9% YoY) and debt investment financial assets measured at amortised cost (+34.1% YoY). This was accompanied by a rise in deposits from customers (+14.2% YoY), driven by an increase in current account balances (+14.5% YoY) and term deposits (+14.7% YoY). 3,175.8 3,178.1 3,195.1 3,153.9 3,062.5 3,101.8 3,303.2 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Net interest income by quarter in 2025 and 2026 PLN m +3.4% YoY +6.5% QoQ The Group’s interest income for the nine months of 2026 totalled PLN 12,153.1m and was down 6.5% YoY, mainly on account of lower income from loans and advances to individuals, businesses and banks, as well as from reverse repo transactions. On the other hand, an increase was recorded in income generated by the debt securities portfolio and IRS hedging transactions. Interest expense went down by 22.1% YoY in the same period to PLN 2,685.6m on account of lower expense connected with deposits from enterprises and the public sector, personal customers and banks, as well as subordinated liabilities and debt securities in issue. This was partially offset by higher expenses arising from repo transactions and from lease liabilities.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 37/53 The faster decline in interest expense compared to interest income reflected the Bank’s asset structure and funding sources, adjustment and customer acquisition measures and the faster repricing of liabilities compared to assets. Loans and Advances to Enterprises and Public Sector 29% Finance Leases 3% Debt Securities and Reverse Repo Transactions 28% Hedging IRS and Loans and Advances to Banks 5% Loans and Advances to Individuals 35% Structure of interest revenue for Q1-Q3 2026 Loans and Advances to Enterprises and Public Sector 29% Finance Leases 4% Debt Securities and Reverse Repo Transactions 25% Hedging IRS and Loans and Advances to Banks 5% Loans and Advances to Individuals 37% Structure of interest revenue for Q1-Q3 2025 Deposits from Enterprises and Public Sector 34% Deposits from Individuals 32% Subordinated Loans and Issue of Securities 20% Repo Transactions 10% Deposits from Banks and Other 4% Structure of interest expensefor Q1-Q3 2026 Deposits from Enterprises and Public Sector 35% Deposits from Individuals 35% Subordinated Loans and Issue of Securities 19% Repo Transactions 7% Deposits from Banks and Other 4% Structure of interest expensefor Q1-Q3 2025 4.94% 4.89% 4.88% 4.64% 4.53% 4.39% 4.42% 4.94% 4.94% 4.91% 4.83% 4.53% 4.45% 4.44% 4.00% 4.20% 4.40% 4.60% 4.80% 5.00% 5.20% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Net interest margin by quarter in the years 2025 and 2026 (including swap points)1) Net interest margin Cumulative net interest margin 4.47%2) 4.50%2) 4.49% 3) 1) The calculation of the net interest margin of Erste Bank Polska S.A. takes account of the allocation of swap points generated by derivative instruments used for liquidity management but excludes interest income from the portfolio of debt securities held fo r trading and other trading-related exposures. 2) Comparable net interest margin annualised on a year -to-date basis (excluding the negative adjustment to interest income of PLN 71m, which reflects the estimated and recognised in Q2 2026 impact of the CJEU judgment prohibiting the charging of interest on t he portion of a loan used to finance non -interest costs) was 4.50% in Q2 2026 and 4.47% in Q3 2026. 3) Comparable net interest margin annualised on a quarterly basis (excluding the above-mentioned negative interest income adjustment) was 4.49% in Q2 2026.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 38/53 The net interest margin for the nine months of 2026, annualised on a year -to-date basis, decreased by 0.47 p.p. YoY to 4.44%. This decline occurred despite considerable growth in the Group’s key business volumes and reflects the evolution of market interes t rates and the negative impact of the variable -rate loan portfolio, partly offset by adjustment measures taken by the Group (including the management of prices of assets and liabilities). The quarterly annualised net interest margin narrowed from 4.53% in Q1 2026 to 4.39% in Q2 2026 and increased to 4.42% in Q3 2026. This was primarily attributed to a negative adjustment of PLN 71m recognised in Q2 2026, reflect ing changes in cash flows from cash loan agreements resulting from the CJEU judgment of 23 April 2026, which prohibits the charging of interest on the portion of a loan financing non-interest costs. Excluding the above adjustment, the quarterly net interest margin continued its downward trend in both the second and third quarter of 2026 (decreasing from 4.49% in Q2 to 4.42% in Q3) while the comparable year-to-date net interest margin declined at a much more consistent pace throughout the year at 0.03 p.p. per quarter. Net fee and commission income 1) Net fee and commission income from lending, factoring and leasing activities which is not amortised to net interest income. T his line item includes, among other things, the cost of credit agency. 2) Fees for payments (foreign payments and Western Union transfers), services for third party institutions as well as other elec tronic and telecommunications services. 3) Other fees include fees for other agency services, issue arrangement fees, brokerage fees, fees paid to other banks and other fees. 727.8 743.9 725.0 751.8 771.5 767.6 643.4 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Net fee & commission income by quarter 2025 and 2026 PLN m -11.3% YoY -16.2% QoQ Net fee and commission income from continuing operations (PLN m) Q1–Q3 2026 Q1–Q3 2025 Change (%) YoY FX fees 725.9 682.4 6.4% Asset management and distribution 331.5 256.6 29.2% Credit fees 1) 268.3 224.9 19.3% Account maintenance and payment transactions 141.6 297.9 -52.5% Debit cards 222.4 236.8 -6.1% Insurance fees 190.3 186.2 2.2% Electronic and payment services 2) 159.0 156.5 1.6% Brokerage activities 146.2 129.9 12.5% Guarantees and sureties 94.9 73.6 28.9% Credit cards 56.7 56.8 -0.2% Other fees 3) (154.3) (104.9) 47.1% Total 2,182.5 2,196.7 -0.6%
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 39/53 Electronic and Payment Services 7% Debit Cards 10% Account Maintenance & Cash Transactions 7% FX Fees 33% Mutual Fund Distribution & Asset Management 15% Insurance Fees 9% Credit Fees 12% Credit Card Fees, Guarantees and Other 0% Brokerage Activities 7% Net fee & commission income structure in Q1-Q3 2026 Electronic and Payment Services 7% Debit Cards 11% Account Maintenance & Cash Transactions 14% FX Fees 31% Mutual Fund Distribution & Asset Management 12% Insurance Fees 8% Credit Fees 10% Credit Card Fees, Guarantees and Other 1% Brokerage Activities 6% Net fee & commission income structure in Q1-Q3 2025 Net fee and commission income for the nine months of 2026 was PLN 2,182.5m and relatively stable YoY (-0.6%). Growth was recorded across most key product and service lines, supported by increasing customer transaction activity, strong credit delivery, relatively stable economic environment and favourable conditions in the capital market. The rise was offset by lower income from account maintenance and payment services, reflecting the costs of extensive promotional campaigns aimed at acquiring SME customers. Notable increases were particularly recorded in the following line items: → Net fee and commission income from asset management and distribution increased by 29.2% YoY, driven by management fee income generated by a higher average level of net fund assets accumulated by Erste TFI S.A., supported by strong fund sales growth and sound investment performance. → Net fee and commission income from guarantees and sureties was up 28.9% YoY, mainly as a result of lower costs of securitisation following the completion of three securitisation projects by Erste Leasing S.A. → Net credit fee income grew by 19.3% YoY, reflecting an increase in fee and commission income from customer financing, particularly projects of Corporate and Investment Banking customers and Business and Corporate Banking customers, combined with higher costs associated with the use of external credit intermediation channels (driven by, among other factors, stronger growth in mortgage loan sales). → Net income from brokerage activities grew by 12.5% YoY, mainly due to favourable market conditions despite persistent economic and geopolitical uncertainty. The economic situation in Poland (including stable economic growth) continued to encourage foreign investors to actively trade on the Warsaw Stock Exchange. Trading volumes of Polish retail investors were satisfactory too. Furthermore, Erste Brokerage Poland participated in ABB transactions, tender offers and share buyback transactions. → Net FX fee income increased by 6.4% YoY, reflecting higher turnover in the electronic and traditional currency exchange channels, accompanied by a slight decline in average quotations. → The insurance product line recorded growth of 2.2% YoY, driven by higher net fee and commission income from insurance products linked to mortgage and cash loans as well as from insurance products not linked to banking products, such as Life and Health insurance for retail customers and My Protection insurance for business customers. At the same time, the following declines in fee and commission income were recorded, together with a higher net loss on other fees, offsetting the positive financial impact of the aforementioned increases: → Net fee and commission income from account maintenance and payment services decreased by 52.5% YoY, reflecting higher e-commerce costs resulting from increased remote sales and the impact of promotional and customer activation campaigns for SMEs, increasing the competitiveness of the Bank’s account offering. These initiatives included campaigns with bonuses such as: “Earn up to PLN 4,500 with a Business Account”, “Personal Account Bonus for Business Customers” and “We Reward Active Customers”. → Net fee and commission income from debit cards decreased by 6.1% YoY, primarily due to higher e -commerce costs and increased fees charged by payment organisations, driven, among other factors, by growing non -cash transaction volumes combined with a decline in cash transaction volumes generated using debit cards. → The higher net loss on other fees (+47.1% YoY) reflected mainly higher intermediary fees related to growing acquisition of customers through e-commerce channels as well as an increase in brokerage fees.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 40/53 Non-interest and non-fee income 193.5 64.3 15.9 10.4 -21.6 317.2 95.9 59.8 -0.7 -9.1 PLN +123.7m YoY PLN +31.6m YoY PLN +43.9m YoY PLN -11.1m YoY PLN +12.5m YoY Net Trading Income & Revaluation Other Operating Income Dividend Income and Gains/Losses on Subordinated Entities Gains/Losses on Other Financial Instruments Gain/Loss on Derecognition of Financial Instruments Measured at Amortised Cost Components of consolidated other income for Q1-3 2025 vs Q1-3 2026 Q1-3 2025 Q1-3 2026 PLN m Non-interest and non-fee income of Erste Bank Polska Group presented above totalled PLN 463.2m and went up by 76.5% YoY, mainly on account of an increase of PLN 123.7m in net trading income and revaluation to PLN 317.2m. The above increase was driven by the Group’s foreign exchange and derivatives activities, which generated a total gain of PLN 104.6m during the first nine months of 2026 vs PLN 35.0m in the corresponding period last year. A gain on derivative financial instruments grew significantly in the reporting period, while a gain on transactions used by the Bank for foreign currency liquidity management decreased . This result was achieved amid increased volatility in global financial markets throughout the period under review. Among the other components of net trading income, a total gain on trading in debt and equity financial assets measured at fai r value through profit or loss increased by PLN 54.8m, reflecting a higher gain on bond sales and improved results from market maki ng transactions made by Erste Brokerage Poland. Other operating income increased by PLN 31.6m YoY to PLN 95.9m, driven, among other factors, by release of higher amounts of provisions for legal claims and other assets as well as changes in the presentation of operating lease transactions and th e positive impact of VAT settlements. Dividend income totalled PLN 59.8m and increased by PLN 43.9m YoY, primarily due to the first -ever dividend of PLN 40.4m paid to the Bank by Polski Standard Płatności S.A. At the same time, the result on other financial instruments decreased by PLN 11.1m, reflecting a decline of PLN 12.5m in the result on the sale of debt investment financial assets measured at fair value through other comprehensive income (treasury bonds), p artly offset by a PLN 1.4m improvement in the loss on hedging and hedged instruments. The result on derecognition of financial instruments measured at amortised cost improved by PLN 12.5m YoY to reach a negative amount of PLN 9.1m. This line item includes the additional financial impact of voluntary settlements with CHF home loan borrowers (above the provisions raised). In the reporting period, Erste Bank Polska S.A. entered into 1,773 settlements of this kind.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 41/53 Expected credit loss allowances The charge made by Erste Bank Polska Group to the income statement for nine months of 2026 on account of net expected credit loss allowances was PLN 367.1m, down 16.5% YoY. The largest component of this amount was the net allowance on loans and advances to customers which decreased by 23.2% YoY to PLN 346.1m amid favourable economic conditions and relatively strong growth in the credit portfolio. The cost of credit risk of Erste Bank Polska Group (calculated based on net allowances for the four consecutive quarters) was 0.30% as at 30 September 2026 vs 0.33% as at 30 September 2025 and 0.37% as at 31 December 2025. During the first three quarters of 2026, the level of allowances was affected by isolated adverse events subject to individual assessment. Their impact was largely offset by strong performance of the credit portfolios and the positive effect of NPL sales. During the nine months of 2026, Erste Bank Polska S.A. sold credit receivables of PLN 703.2m, at a profit before tax of PLN 1 75.3m. In the same period last year, the Bank sold credit receivables of PLN 1,014.2m, at a profit before tax of PLN 92.3m. In Q1 2026, methodological changes were implemented in the credit risk assessment models for the mortgage loan portfolio, resulting in an increase in the value of exposures classified in Stage 2. The changes primarily involved model updates and were not related to any material deterioration in the portfolio’s credit quality. In Q3 2026, n o other significant changes were introduced to the methodology or models used in the expected credit loss calculation process. The quality of credit portfolios is assessed as good and resilient to the prevailing economic conditions as evidenced by regularly performed stress tests. The key risk indicators remain stable. The Group continuously monitors the credit portfolio quality and regularly updates the model parameters used to calculate exp ected credit losses. The current economic conditions and their expected development are incorporated in the assumptions and paramet ers of credit risk models, ensuring that the portfolio risk profile is appropriately reflected in the level of allowances. Net expected credit loss allowances on loans and advances measured at amortised cost (in PLN m) Stage 1 Stage 2 Stage 3 POCI Total Q1–Q3 2026 Q1–Q3 2025 Q1–Q3 2026 Q1–Q3 2025 Q1–Q3 2026 Q1–Q3 2026 Q1–Q3 2025 Q1–Q3 2026 Q1–Q3 2025 Q1–Q3 2026 Allowance on loans and advances to banks - - - - - - - - - - Allowance on loans and advances to customers (54.7) (28.6) (148.1) (162.5) (209.7) (325.0) 66.4 65.6 (346.1) (450.5) Debt collection costs and recoveries - - - - 3.9 4.7 - - 3.9 4.7 Allowance on off-balance sheet credit liabilities (18.4) 5.9 1.7 4.7 (8.2) (4.3) - - (24.9) 6.3 Total (73.1) (22.7) (146.4) (157.8) (214.0) (324.6) 66.4 65.6 (367.1) (439.5)
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 42/53 Total costs During the nine -month period ended 30 September 2026, total operating expenses of Erste Bank Polska Group increased by 21.3% YoY to PLN 4,375.3m on account of significantly higher contributions to the Bank Guarantee Fund, integration and rebran ding costs related to the acquisition of the Bank by Erste Group, and the periodic salary review. On a comparative basis, that is, excluding the integration and rebranding costs of PLN 384.3m, the total operating expenses grew by 10.6% YoY. Excluding further the contributions of PLN 435.9m to the Bank Guarantee Fund (PLN 334. 4m for three quarters of 2025), the underlying total costs were up 8.6% YoY. The cost-to-income ratio increased from 30.0% for the first three quarters of 2025 to 36.1% for the first three quarters of 2026, reflecting a 21.3% YoY rise in the total cost base and relatively stable income (+0.9% YoY). Excluding integration and rebranding costs and Bank Guarantee Fund contributions, the underlying cost-to-income ratio was 29.3% vs 27.3% in the comparative period. Staff expenses Staff expenses for the nine months of 2026 increased by 10.1% YoY to PLN 1,851.2m, reflecting a slightly higher average level of employment (+2.2% YoY). The main components of staff expenses, namely salaries, bonuses and statutory deductions from salarie s, went up by 9.8% YoY to PLN 1,783.8m on account of the salary review and higher accruals for employee bonuses resulting from strong financial and sales performance. Higher salaries also resulted in increased contributions to Employee Capital Plans (PPK) and higher employee benefit expenses. The costs related to the Group’s long-term share-based incentive plan (Incentive Plan VII) were PLN 56.3m vs PLN 58.2m in the comparative period. General and administrative expenses General and administrative expenses for the nine months of 2026 increased by 40.3% YoY to PLN 1,988.9m. One of the main drive rs was integration and rebranding costs of PLN 375.1m related to the change of the Bank’s main shareholder and the resulting nee d to integrate IT systems, standardise the operating model and unify branding and corporate identity. At the same time, marketing activities were carried out to build awareness of the new Erste brand and reinforce the brand's identity among customers and the broader public. The integration and rebranding costs had the most significant impact on the following cost lines: marketing and entertainment, use of IT systems, consultancy and advisory fees, costs of equipment and hardware, and postal and telecommunicati ons costs. Amounts payable to market regulators (BFG, KNF and KDPW) totalled PLN 471.0m, up 27.2% YoY due to higher annual contribution to the BFG bank resolution fund (PLN 435.9m in 2026 vs PLN 271.4m in 2025). In 2026, quarterly contributions to the BFG guarante e fund were again suspended, following their reinstatement in the previous year (PLN 63.0m for the first nine months of 2025) af ter a two-year period during which no contributions had been collected. Excluding mandatory contributions to the Bank Guarantee Fund as well as integration and rebranding costs, the Group’s compara ble general and administrative expenses increased by 8.7% YoY mainly due to: → marketing and entertainment costs, reflecting extensive promotional and acquisition campaigns focusing on selected products and services (including the “Savings” campaign and the campaign targeted at SMEs) as well as sponsorship expenses (“Summer Sounds”); → costs of maintenance of premises, including the temporary operation of two head offices in Warsaw until the complete relocation to the new building; → costs of settlement systems and market information services driven by growth of transactional banking business ; → cost of equipment, particularly due to purchases related to the new headquarters in Warsaw. Total costs (PLN m) Q1–Q3 2026 Q1–Q3 2025 Change (%) YoY Staff, general and administrative expenses, of which: (3,840.1) (3,099.3) 23.9% - Staff expenses (1,851.2) (1,681.6) 10.1% - General and administrative expenses (1,988.9) (1,417.7) 40.3% Depreciation/amortisation (402.0) (439.4) -8.5% - Depreciation of property, plant and equipment and amortisation of intangible assets (286.3) (335.2) -14.6% - Depreciation of the right-of-use asset (115.7) (104.2) 11.0% Other operating expenses (133.2) (69.2) 92.5% Total costs (4,375.3) (3,607.9) 21.3%
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 43/53 Amortisation/depreciation costs Cost of amortisation/depreciation decreased by 8.5% YoY to PLN 402.0m, mainly as a result of an update of amortisation/deprec iation rates effective from January 2026, reflecting longer estimated useful economic lives of assets used by the Group entities, i ncluding both intangible assets and selected items of property, plant and equipment. Tax and other charges Tax on financial institutions for the nine months of 2026 totalled PLN 630.1m and was up 1.5% YoY, reflecting a YoY growth of assets as part of continuing operations. Corporate income tax was PLN 2,260.7m and significantly higher YoY, reflecting an increase in the effective tax rate from 23. 2% for the three quarters of 2025 (continuing operations) to 37.5% for the three quarters of 2026. This was driven, among other factors, by a rise in the CIT rate applicable to banks from 19% in 2025 to 30% in 2026, followed by 26% in 2027 and 23% thereafter. The inc rease also reflected a 6.4% YoY decrease in profit before tax, combined with higher contributions to the Bank Guarantee Fund and a higher tax on financial institutions which are not tax deductible. 2. Consolidated statement of financial position Consolidated assets As at 30 September 2026, the total assets of Erste Bank Polska Group were PLN 330,088.4m, up 7.1% Ytd, reflecting an increase in loans and advances to customers , investment in financial assets and assets pledged as collateral . The total increase in the above categories was partly offset by a decline in financial assets held for trading. Over the 12 -month period, consolidated assets grew by 4.0%. On a comparative basis, that is, excluding the impact of discontinued operations (assets of Santander Consumer Bank Group) in the base period, the total assets were up 13.0% YoY. The value and structure of the Group’s financial position are determined by the parent entity, which held 97.9% of the consolidated total assets vs 97.6% as at the end of December 2025 and 90.0% as at the end of September 2025 when the consolidation included Santander Consumer Bank S.A. and its subsidiaries (whose assets were disclosed separately under “assets of a disposal group classified as held for sale” in accordance with IFRS 5). Comparability of assets and liabilities between reporting periods In the table below, the assets as at 30 September 2025 include the item “other assets”, which comprises, among other things, “assets of a disposal group classified as held for sale”, amounting to PLN 28.0bn, presented as a separate line item in the full ve rsion of the consolidated statement of financial position in accordance with IFRS 5 in connection with sale of shares in Santander Consume r Bank S.A. announced in May 2025 and finalised on 23 December 2025. They represent the assets of Santander Consumer B ank S.A. and its subsidiaries, which were classified as held for sale. The corresponding presentation criteria were applied to the liabilities of Santander Consumer Bank S.A. and its subsidiaries as at 30 September 2025. In the table presented in the section “Structure of consolidated equity and liabilities”, “other liabiliti es” include, among other items, “liabilities directly related to assets of a disposal group classified as held for sale” totalling PLN 23.1bn, which, in accordance with IFRS 5, were presented separately with respect to SCB Group in the full version of the consolidated statement of financial position of Erste Bank Polska Group as at 30 September 2025. Due to such presentation of data as at 30 September 2025, all asset and liability line items presented in the tables below are comparable, except for “other assets” and “other liabilities”.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 44/53 Structure of consolidated assets 1) Data in the consolidated statement of financial position as at 31 December 2025 were re-presented, i.e. certain credit receivables of PLN 2bn were reclassified from loans and advances to banks to loans and advances to public sector customers, which more accurately reflects this item. 2) In line with the guidelines of the IFRS Interpretations Committee and requirements of IAS 7 Statement of Cash Flows and IAS 1 Presentation of Financial Statements, since 31 March 2025 the category of “cash and cash equivalents” has included – apart from cash and balances with central banks – financial assets with original maturity of up to three months. 3) Other assets include the following items of the full version of the statement of financial position: “investments in associates”, “deferred tax assets”, “non-current assets classified as held for sale” and “other assets”. Data as at 30 September 2025 also include “assets of a disposal group classified as held for sale”. For more information, see section “Comparability of assets and liabilities between reporting periods”. 313,716.8 314,556.8 317,448.6 308,150.1 304,415.5 322,577.1 330,088.4 31-Mar-25 30-Jun-25 30-Sep-25 31-Dec-25 31-Mar-26 30-Jun-26 30-Sep-26 Total consolidated assets at the end of consecutive quarters in 2025 and 2026 PLN m Compared to the end of 2025, total assets of Erste Bank Polska Group increased by 7.1%. During this period, net loans and advances to customers rose by 8.7%, reflecting the growth of portfolios across key segments , that is personal customers, enterprises and the public sector. The carrying amount of “investment financial assets” went up by 6.9%, supported by continued growth in investments in treasury bonds measured at amortised cost, which had the biggest share in the Group’s portfolio of investment securities. The line item aggregating receivables arising from repurchase transactions and ass ets pledged as collateral increased by 130.3% Ytd, driven by both components, which reflects the Group’s stronger activity in the reverse repo and buy -sell- back markets. At the same time, the value of “financial assets held for trading and hedging derivatives” declined by 36.5%, mainly due to transactions in interest rate instruments and treasury debt securities. Assets PLN m (for analytical purposes) 30.09.2026 Structure as at 30.09.2026 31.12.2025 Structure as at 31.12.2025 30.09.2025 Structure as at 30.09.2025 Change (%) Change (%) 1 2 3 4 5 6 1/3 1/5 Loans and advances to customers 1) 179,252.6 54.3% 164,885.9 53.5% 160,602.2 50.6% 8.7% 11.6% Investment financial assets 84,292.0 25.5% 78,865.7 25.6% 72,705.4 22.9% 6.9% 15.9% Cash and cash equivalents 2) 30,803.3 9.3% 30,504.7 9.9% 25,761.4 8.1% 1.0% 19.6% Reverse sale and repurchase agreements and assets pledged as collateral 16,107.4 4.9% 6,992.7 2.3% 5,589.0 1.8% 130.3% 188.2% Financial assets held for trading and hedging derivatives 10,990.3 3.3% 17,302.3 5.6% 15,094.0 4.8% -36.5% -27.2% Property, plant and equipment, intangible assets, goodwill and right-of-use assets 4,168.5 1.3% 3,983.3 1.3% 3,767.4 1.2% 4.6% 10.6% Loans and advances to banks 337.9 0.1% 323.5 0.1% 1,726.1 0.5% 4.5% -80.4% Other assets 3) 4,136.4 1.3% 5,292.0 1.7% 32,203.1 10.1% -21.8% -87.2% Total 330,088.4 100.0% 308,150.1 100.0% 317,448.6 100.0% 7.1% 4.0%
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 45/53 Credit portfolio Loans to Enterprises & Public Sector 48% Home Mortgages 33% Cash Loans 11% Other Loans to Individuals 2% Finance Lease Receivables 6% Product structure of consolidated loans and advances to customers as at 3 0.09.2026 PLN 80% EUR 18% USD, CHF & Other 2% FX structure of consolidated loans and advances to customers as at 30.09.2026 Compared to the end of 2025, consolidated gross loans and advances to customers increased by 8.5%. Loans and advances to individuals grew by 5.5% during the first nine months of 2026. Home loans, the main contributor to this figure, totalled PLN 59,409.5m as at 30 September 2026 and increased by 4.7% Ytd, reflecting the acceleration in the mortgage lend ing market. Cash loans, the second largest item of loans and advances to personal customers, totalled PLN 20,836.4m as at the end of September 2026, up 8.1%. Credit activity in the retail customer segment was supported by higher real household income and a declining trend in interest rates. Loans and advances to enterprises and the public sector went up by 12.8%, mainly due to the Group’s higher exposures in respe ct of projects financed by Corporate and Investment Banking and Business and Corporate Banking, as well as factoring receivables an d overdrafts granted to customers from the Business and Corporate Banking. Finance lease receivables of Erste Bank Polska Group totalled PLN 10,979.9m and were stable Ytd, with a slowdown in the Group’s sales of vehicles, machines and equipment. 45.9% 45.3% 46.2% 46.3% 45.8% 45.4% 45.9% 4.0% 3.9% 4.0% 3.7% 3.6% 3.6% 3.4% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 31-Mar-25 30-Jun-25 30-Sep-25 31-Dec-25 31-Mar-26 30-Jun-26 30-Sep-26 25% 30% 35% 40% 45% 50% 55% 60% Credit quality ratios by quarter in 2025 and 2026 As at 30 September 2026, the NPL ratio of Erste Bank Polska Group was 3.4% and the provision coverage ratio for impaired loan s was 45.9% (vs 3.7% and 46.3% as at 31 December 2025, respectively). Gross loans and advances to customers in PLN m 30.09.2026 31.12.2025 30.09.2025 Change (%) Change (%) 1 2 3 1/2 1/3 Loans and advances to enterprises and the public sector 88,230.0 78,228.5 75,010.9 12.8% 17.6% Loans and advances to individuals 84,101.4 79,743.7 78,671.0 5.5% 6.9% Finance lease receivables 10,979.9 10,989.5 11,061.8 -0.1% -0.7% Other 92.7 61.1 77.9 51.7% 19.0% Total 183,404.0 169,022.8 164,821.6 8.5% 11.3%
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 46/53 Structure of consolidated equity and liabilities 1) Other liabilities include: “lease liabilities”, “current tax liabilities”, “deferred tax liabilities”, “provisions for financ ial and guarantee liabilities”, “other provisions” and “other liabilities”. As at 30 September 2025, they also include “liabilities directly related to assets of a disposal group classified as held for sale”. For more information, see section “Comparability of assets and liabilities between reporting periods”. In the reporting and comparative periods, “deposits from customers” were the largest constituent item of the Group’s total eq uity and liabilities and the main source of funding for the Group’s assets. They increased by 9.7% Ytd as a result of an inflow of funds to current accounts of personal customers (including savings accounts) and term deposit accounts of business customers, notably from the Corporate and Investment Banking segment. Furthermore, the Group’s activity in the repo market resulted in an increase of 171.9% in the aggregate line item “deposits f rom banks and sale and repurchase agreements”. On the other hand, the financial liabilities held for trading and hedging derivatives fell by 22.8% Ytd, reflecting the activity of Erste Bank Polska S.A. in the derivatives market (mainly IRS and FX swap transactions). An 18.7% Ytd decrease was also recorded in the balance of “subordinated liabilities and debt securities in issue”, driven by a decline in both components of this aggregate line item. The amount of debt securities redeemed in the nine months of 2026 exceeded their issue value. During the first three quarters of 2026, the following debt securities issues were made in Erste Bank Polska Group, with the proceeds allocated to the financing of working capital needs: → Erste Factoring Sp. z o.o. issued eleven series of variable-rate bonds with a total nominal value of PLN 2,488.0m and maturity of up to six months. All issues were secured by the Bank’s guarantee. → Erste Leasing S.A. issued six series of one-year variable-rate bonds with a put option and a total nominal value of PLN 900.0m. → On 25 September 2026, EBP S.A. issued two series of eurobonds, each with a nominal value of EUR 300m. The bonds bear interest based on 3-month EURIBOR, mature on 25 September 2037 and 25 September 2038, respectively, and include a call option. Both issues were taken up in full by Erste Group Bank AG and classified as subordinated liabilities. Equity and liabilities PLN m (for analytical purposes) 30.09.2026 Structure as at 30.09.2026 31.12.2025 Structure as at 31.12.2025 30.09.2025 Structure as at 30.09.2025 Change (%) Change (%) 1 2 3 4 5 6 1/3 1/5 Deposits from customers 252,359.7 76.4% 230,142.6 74.7% 220,946.7 69.6% 9.7% 14.2% Deposits from banks and sale and repurchase agreements 14,757.0 4.5% 5,427.8 1.8% 5,637.8 1.8% 171.9% 161.8% Subordinated liabilities and debt securities in issue 13,094.4 4.0% 16,115.6 5.2% 13,065.7 4.1% -18.7% 0.2% Financial liabilities held for trading and hedging derivatives 9,689.2 2.9% 12,556.3 4.1% 12,088.8 3.8% -22.8% -19.8% Other liabilities1) 7,119.0 2.2% 8,402.6 2.7% 30,348.4 9.6% -15.3% -76.5% Total equity 33,069.1 10.0% 35,505.2 11.5% 35,361.2 11.1% -6.9% -6.5% Total 330,088.4 100.0% 308,150.1 100.0% 317,448.6 100.0% 7.1% 4.0%
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 47/53 Deposit base Deposits by entities The Group’s deposits from customers increased by 9.7% Ytd to PLN 252,359.7m, reflecting higher balances of term deposits and current accounts (including savings accounts of personal customers). By customer segment, during the nine months of 2026 the deposit base changed as follows: → Deposits from individuals went up by 6.0% Ytd as a combined effect of inflows into current and savings accounts (+18.0%) and a decline in term deposits (-19.9%). → Deposits from enterprises and the public sector were up 13.9%, reflecting a 68.0% rise in term deposits, primarily from customers of Corporate and Investment Banking and Business and Corporate Banking. At the same time, a 1.4% decline was recorded in current account balances, mainly in the Business and Corporate Banking. Deposits by tenors Term Deposits 28% Current Accounts 71% Other Liabilities 1% Structure of consolidated customer deposits as at 30.09.2026 Term Deposits 27% Current Accounts 71% Other Liabilities 2% Structure of consolidated customer deposits as at 31.12.2025 During the first nine months of 2026, the Group’s total term deposits from customers increased by 12.6% to PLN 69,960.7m, cur rent account balances went up by 8.6% to PLN 178,414.3m (including a 38.0% rise in balances of retail savings accounts to PLN 27,992.5m), and other liabilities were PLN 3,984.7m, up 7.9%. 65.8 58.2 61.0 62.1 58.3 68.5 70.0 151.6 158.8 155.8 164.3 166.1 173.7 178.4 3.5 4.1 4.2 3.7 3.7 3.9 4.0 31-Mar-2025 30-Jun-2025 30-Sep-2025 31-Dec-2025 31-Mar-2026 30-Jun-2026 30-Sep-2026 Term deposits and current accounts 1) at quarter-ends of 2025 and 2026 Term Deposits Current Accounts Other Liabilities PLN bn 1) including savings accounts Deposits from customers in PLN m 30.09.2026 31.12.2025 30.09.2025 Change (%) Change (%) 1 2 3 1/2 1/3 Deposits from individuals 131,125.2 123,689.3 122,539.5 6.0% 7.0% Deposits from enterprises and the public sector 121,234.5 106,453.3 98,407.2 13.9% 23.2% Total 252,359.7 230,142.6 220,946.7 9.7% 14.2%
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 48/53 3. Selected financial ratios of Erste Bank Polska Group Selected financial ratios of Erste Bank Polska Group 30.09.2026 30.09.202511) Cost/Income 36.1% 30.0% Net interest income/Total income 78.2% 79.5% Net interest margin 1) 4.44% 4.91% Net fee and commission income/Total income 18.0% 18.3% Net loans and advances to customers/Deposits from customers 71.0% 72.7% NPL ratio 2) 3.4% 4.0% NPL provision coverage ratio 3) 45.9% 46.2% Cost of credit risk 4) 0.30% 0.33% ROE 5) 18.2% 21.6% ROTE 6) 20.4% 24.1% ROA 7) 1.6% 2.0% Total capital ratio 8) 18.75% 18.06% Tier 1 capital ratio 9) 18.53% 17.38% Book value per share (PLN) 323.61 346.04 Earnings per ordinary share (PLN) 10) 36.12 47.87 1) Net interest income annualised on a year -to-date basis (excluding interest income from the portfolio of debt securities held for trading and other exposures related to trading) to average net earning assets as at the end of consecutive quarters after the end of the year preceding the particular accounting year (excluding financial assets held for trading, hedging derivatives, other exposures related to trading and other loans and advances to cu stomers). Excluding the negative adjustment to interest income of PLN 71m, reflecting the estimated impact of the CJEU ruling prohibiting the charging of interest on the portion of a loan used to finance non-interest costs, the underlying net interest margin for the nine months of 2026 was 4.47%. 2) Lease receivables and gross loans and advances to customers measured at amortised cost and classified to Stage 3 and POCI exp osures to the total gross portfolio of such lease receivables and loans and advances as at the end of the reporting period. 3) Impairment allowances for lease receivables and loans and advances to customers measured at amortised cost and classified to Stage 3 and POCI exposures to the gross value of such lease receivables and loans and advances as at the end of the reporting perio d. 4) Net expected credit loss allowances (for four consecutive quarters) to average gross loans and advances to customers measured at amortised cost and lease receivables (as at the end of the current reporting period and the end of the previous year). 5) Net profit attributable to the parent’s shareholders (for four consecutive quarters) to average equity (as at the end of the current reporting period and the end of the previous year), excluding non-controlling interests, current period profit and dividend reserve. 6) Net profit attributable to the parent’s shareholders (for four consecutive quarters) to average tangible equity (as at the en d of the current reporting period and the end of the previous year) defined as common equity attributable to the parent’s sharehold ers less revaluation reserve, current year profit, dividend reserve, intangible assets and goodwill. 7) Net profit attributable to the parent’s shareholders (for four consecutive quarters) to average total assets (as at the end o f the current reporting period and the end of the previous year). 8) The capital ratio was calculated on the basis of own funds and total capital requirements established for the individual risk types by means of the standardised approach, in line with the CRD IV/CRR package. The ratio as at 30 September 2025 includes disco ntinued operations related to Santander Consumer Bank S.A. and its subsidiaries. 9) Tier 1 capital ratio calculated as a quotient of Tier 1 capital and risk -weighted assets for credit, market and operational risk. The ratio as at 30 September 2025 includes discontinued operations related to Santander Consumer Bank S.A. and its subsidiarie s. 10) Net profit for the period attributable to the parent’s shareholders to the average weighted number of ordinary shares. 11) Data presented in the table above refer to continuing operations, except for capital ratios and book value per share as at 30 September 2025.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 49/53 4. Factors which may affect the financial results in the next quarter The following external factors may significantly affect the financial results and the operations of Erste Bank Polska Group i n the next quarter: → Developments in geopolitical conflicts, particularly in the Middle East and Ukraine, and their impact on global supply chains , energy commodity prices, global investor sentiment, and investors’ perception of the CEE region. → Poland’s fiscal position, particularly the size of the general government deficit, the pace of debt accumulation, the State Treasury’s borrowing requirements, and their impact on bond yields and the perceived investment risk of Poland. → Rating agencies’ assessment of Poland’s creditworthiness and its impact on the valuation of domestic financial assets. → US economic policy, including trade tariffs, migration policy, deregulation, and security issues. → The scale and pace of interest rate changes by major central banks. → The pace of economic recovery in the euro area and its impact on external demand for Polish goods and services. → Tensions in international relations, including between the United States, Europe, and China, translating into tensions in the economy and in financial markets. → The future path of inflation in Poland, reflected, among other things, in the market pricing of NBP interest rate changes. → Further MPC decisions regarding interest rates. → Potential tax law changes aimed at increasing budget revenues, affecting banking sector profitability as well as consumer and business sentiment. → Changes in credit risk pricing on financial markets, including those driven by evolving geopolitical risk assessments. → Developments in bond yields reflecting expectations regarding monetary and fiscal policy. → Changes in credit demand resulting from interest -rate developments, economic and geopolitical uncertainty, and potential further housing price increases. → Changes in household financial conditions driven by labour market trends and social benefits. → Changes in customers' decisions on savings allocation driven by expected returns across asset classes, as well as changing attitudes towards saving and making major purchases. → Further developments in global equity markets and their impact on demand for investment fund units and equities. → The extent of utilisation of funds under the current EU financial framework and the National Recovery and Resilience Plan (KPO).
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 50/53 VI. Risk and capital management 1. Risk management priorities in Q3 2026 Geopolitical and macroeconomic situation Within risk management processes, the importance of geopolitical and macroeconomic risk remains high due to ongoing armed conflicts (the war in Ukraine and the war in the Middle East) as well as increasing public debt in EU member states, resulting in a hi gher cost of money (including higher long-term interest rates). The Group identifies this risk both in its operations and in relation to its credit portfolio and financial assets. Risk identification involves defining and quantifying potentially material r isks that may arise due to the geopolitical and macroeconomic situation and threaten the delivery of business plans of Erste Bank Polska S.A. To maintain business continuity, the Group closely monitors external developments and their impact on its operations. This in cludes, among other things, the key threats related to the above -mentioned armed conflicts and macroeconomic factors, which is to e nsure that the Group appropriately adjusts its control mechanisms to possible future developments and is prepared to minimise the p otential impact of risk materialisation. The above process involves both the first and second lines of defence, with key info rmation reported to senior management. Similarly to previous periods, in Q3 2026 the Group monitored its credit portfolio in terms of impact of the macroeconomic si tuation on individual economic segments and sectors, in order to take prompt and adequate action and align the credit policy parame ters accordingly. Particular focus was placed on assessing the impact of such factors as inflation, interest rates, exchange rates , export growth as well as the price and availability of gas, fuel and energy on the quality of credit portfolios, using stres s tests and sensitivity analysis. The Group also continued to monitor the factors directly linked to the geopolitical situation, such as sanctions an d restrictions on the operations of business customers on the territory of the armed conflicts. In addition, the Group kept track of the planned legislative changes that might significantly affect the situation in individual sectors in order to take appropriate and proactive measur es in relation to the portfolio. As part of regular reviews of Expected Credit Loss (ECL) parameter models, the Group takes into account the latest macroecono mic projections and uses in -house predictive models based on historical observations of relationships between those variables and r isk parameters. ECL parameters were updated in Q2 2026 to account for the impact of the geopolitical environment on the current economic situation and macroeconomic projections. As part of ongoing monitoring, the Group also assessed the impact of the geopolitical factors on borrowers through individual reviews, analysis of macroeconomic indicators, monitoring of behavioural models (including transactional patterns), analysis of trends in individual economic sectors and comprehensive management information. Market risk In Q3 2026, the Group’s risk measures were stable. Both EVE SOT and NII SOT remained at safe levels compared to the regulatory limits amid an increase in forward rates implied by interest rate curves. Cybersecurity Given the ever-increasing digitalisation of financial services, cybersecurity remains one of the Bank’s top priorities and a key factor in ensuring operational stability, business continuity and stakeholders’ trust. Poland’s specific geopolitical environment translated into persistently high exposure to cyber threats. Poland is one of the most targeted countries in Europe, particularly in terms of aggressive attacks sponsored by foreign governments. That is why threats and their potential consequences were analysed on an ongoing basis. As indicated by the threat landscape in Q3 2026, phishing remained the most prevalent attack vector, both in its traditional email-based form and in channel-specific variants such as smishing and vishing, as well as related malspam campaigns. Cyber attacks based on AI- powered social engineering become more frequent and increasingly personalised. AI has lowered the barrier to entry for cybercriminals and increased the scale, effectiveness and persuasiveness of attacks, while also creating conditions for trad itional attack methods to develop further. In response to the dynamic development of advanced AI models (Frontier AI), the Bank started to regularly analyse their impac t on its risk profile. The assessment covers scenarios involving the use of these technologies by cybercriminals, in particular the automation of offensive activities and the instant identification and exploitation of vulnerabilities. At the same time, measures are underway to mitigate that risk by improving existing processes and security mechanisms as well as using AI to build the Bank’s defence capabilities. In Q3 2026, the Bank continued educational initiatives to build employees’ and customers’ awareness of present threats, their identification and reporting. Concurrently, security warnings were issued with regard to new fraud schemes and attack vectors . As the complexity of the supplier ecosystem remains a major risk factor, the Bank focused on the security of third party serv ices, particularly in the light of recurring high -profile attacks on supply chains. As part of supplier risk management, the Bank a lso analysed potential impact of AI on the security of third party services and supply chains.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 51/53 Given the persistence of traditional threats, including DDoS (distributed denial of service) attacks, application attacks exploiting software vulnerabilities, and malware (including ransomware and malware targeting mobile systems), the Bank ensured that it had adequate capabilities to counteract these threats and strengthened the selected areas. The Bank’s approach to cybersecurity is based on continuous and structured control, compliance management and risk management . Tests, scenario analyses and audits are also conducted to confirm the adequacy of solutions and the maturity of processes. ESG risks In Q3 2026, the Bank continued work related to the implementation of EBA requirements arising from the Guidelines on the management of environmental, social and governance (ESG) risks, particularly with regard to extending the Transition Plans to new sectors. The Bank is also developing climate scenario methodologies in line with the EBA Guidelines on environmental scenario analysis. The Group assesses climate risks (physical and transition ones) associated with individual sectors and properties using a met hodology that allows it to analyse the materiality of such risks in relation to the entire credit portfolio. Apart from credit risk, the materiality analysis covers other significant risks into which ESG risks transmit. The relevant reports are submitted to risk management committee s of the Bank’s Management Board and Supervisory Board. The largest exposures in the business and corporate segment are subject to Environmental, Social and Climate Change (ESCC) ri sk assessment. Customers are classified into a relevant ESCC risk category based on the sector risk assessment, publicly available information about environmental risk and information obtained from the customer. The above process, together with the process related to corporate and investment banki ng customers and the assessment of environmental and social risks of financed projects, is part of the system for assessing ESG risks of individually significant exposures. The Bank prepared the first version of the Transition Plan, which includes an in -depth analysis of ESG risks with reference to decarbonisation paths and, to the extent necessary, defines an action plan to mitigate the identified risks. The Bank regularly analyses developments in the Polish energy sector to assess their impact on existing and future risk associated with the Bank’s credit exposures. Due to delays in the power system transition, particularly with respect to transmission lin es and the grid's readiness to absorb energy from renewable sources, RES projects that are key to the energy transition are exposed to addition al risks that may adversely affect their profitability. Customers’ transition strategies are analysed with refere nce to the formally approved and updated National Energy and Climate Plan.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 52/53 2. Material risk factors expected in the future Macroeconomic situation The conflict in the Persian Gulf escalated again in Q3 2026, triggering a new wave of uncertainty. Its ultimate impact on the economic scenario will depend on the duration and scale of commodity market disruptions. GDP growth projections for 2026 have not changed significantly and remain cautiously optimistic (slightly below 4%). Economic growth is driven predominantly by domestic deman d. Consumer demand should increase moderately at around 3%, supported by robust growth in disposable income and accumulated savings. At the same time, investment activity is expected to remain in an upward trend, accelerating in the second half of t he year to nearly 10% YoY, mainly due to the closing stage of the projects financed under the National Recovery Plan (KPO). Corpor ate earnings will be under pressure from higher costs of raw materials, transport and logistics, potential supply chain disruptions and limited possibility to pass rising costs on to consumers. On the other hand, businesses should benefit from a recovery i n exports driven by the improving economic conditions in Western Europe. All things considered, pressure on the quality of credit portfolios may be expected in the case of highly leveraged customers (although this group represents only a small share of the Bank’s loan book). The key concerns are: → potential risk related to fuel supply (particularly diesel fuel); → the resulting increase in inflation, potentially leading to renewed interest rate hikes; → a significant increase in market uncertainty and growing risk of deglobalisation (or even turmoil in the international trade) . These factors may increase the risk across the entire credit portfolio. To mitigate this risk, the Bank actively manages the concentration policy, adopts a selective approach to financing and regularly conducts stress tests and sensitivity analyses to iden tify customers that are most vulnerable to changes. ESG risks High electricity prices represent a risk whose consequences are hard to predict. It may have a critical impact on the economy over the next few years, particularly as companies bear the burden of high prices. This is particularly concerning given the insuf ficient pace of transformation, notably in transmission grids and the system adaptation to dynamically developing renewable energy sources. T his means that electricity generated, particularly by photovoltaic farms, is not fully utilised, even though these farms are formally connected to the grid. However, in -depth analyses show that energy companies and state -owned enterprises operating in the energy sector are very committed to transition-related investments. Cyber threats Cyber risk and risk related to modern digital technology have long been key areas of focus. This relates both to human behavi our and technological aspects. Ongoing threats include the loss or theft of confidential data, disruption of key services, attacks against customer assets and unauthorised transactions. They result from the dynamic growth of modern IT technologies and digital economy. There is still a considerable risk of ransomware attacks, DDoS attacks or use of social engineering. As expected, supply chai n attacks, mobile malware attacks and cyber spying are a growing threat. In addition, supplier risk management, cloud computing and shadow IT continue to pose challenges. The threat landscape is largely affected by the development of Frontier AI models, which are expected to significantly enhanc e the capabilities of malicious actors in terms of automation of cyberattacks as well as identification and exploitation of system and process vulnerabilities. Due to the persisting geopolitical situation connected with the war in Ukraine, the Bank will continue to pay particular atte ntion to the risk of targeted attacks carried out by highly organised, disciplined and sophisticated hacker groups.
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OVERVIEW OF PERFORMANCE OF ERSTE BANK POLSKA GROUP IN Q3 2026 53/53 VII. Other information Bank’s shares held by Supervisory and Management Board members The table below shows shares of Erste Bank Polska S.A. held by Management Board members as at the release dates of the quarte rly report for Q3 2026 and half -yearly report for H1 2026, as well as shares conditionally awarded and transferred to them as part of Incentive Plan VII (in respect of individual terms in office). Management Board members as at the release date of the report for Q3 2026 30.10.2026 30.07.2026 Total shares held as at the report release date Shares conditionally awarded as part of Incentive Plan VII 2) Total shares held as at the report release date Shares transferred to brokerage accounts as part of Incentive Plan VII 1) Shares transferred to brokerage accounts as part of Incentive Plan VII 1) Shares conditionally awarded as part of Incentive Plan VII 2) Michał Gajewski 15,481 10,686 25,101 15,481 10,686 25,101 Artur Głembocki 1,503 1,351 3,642 1,503 1,351 3,642 Lech Gałkowski 667 4,654 8,754 667 4,654 8,754 Magdalena Proga-Stępień 2,736 1,920 5,082 2,736 1,920 5,082 Maciej Reluga 5,969 3,668 6,879 5,969 3,668 6,879 Paweł Bartusch 1,348 1,358 2,390 1,348 1,358 2,390 Bernhard Leder - - - - - - 1) Shares awarded to members of the Management Board of Erste Bank Polska S.A. as part of Incentive Plan VII for 2022 –2024 and transferred to their individual brokerage accounts in 2024–2026. 2) Shares conditionally awarded to members of the Management Board of Erste Bank Polska S.A. as part of Incentive Plan VII for 2 022–2025 and subject to settlement in 2024–2032. As at the release date of the financial report s for the period ended 30 September 2026 and 30 June 2026 , Katarzyna Perez was the only member of the Supervisory Board who held shares of Erste Bank Polska S.A. (13 shares). No other Supervisory Board member held any Bank’s shares as at the release dates of the present or previous interim report.
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Condensed interim consolidated financial statements of Erste Bank Polska Group for the 9-month period ended 30 September 2026 erste.pl
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 I. Condensed interim consolidated income statement ......................................................... 4 II. Condensed interim consolidated statement of comprehensive income ......................... 5 III. Condensed interim consolidated statement of financial position .................................... 6 IV. Condensed interim consolidated statement of changes in equity ................................... 7 V. Condensed interim consolidated statement of cash flows .............................................. 9 VI. Condensed income statement ......................................................................................... 10 VII. Condensed interim statement of comprehensive income ............................................. 11 VIII. Condensed interim statement of financial position ........................................................ 12 IX. Condensed interim statement of changes in equity ...................................................... 13 X. Condensed inteim statement of cash flows ................................................................... 14 XI. Additional notes to condensed interim consolidated financial statements .................. 15 1. General information about issuer 15 2. Basis of preparation of consolidated financial statements 17 3. Operating segments reporting 25 4. Net interest income 32 5. Net fee and commission income 33 6. Net trading income and revaluation 34 7. Gains (losses) from other financial securities 34 8. Other operating income 34 9. Impairment allowances for expected credit losses 35 10. Employee costs 35 11. General and administrative expenses 36 12. Other operating expenses 36 13. Corporate income tax 37 14. Cash and cash equivalents 37 15. Loans and advances to banks 38 16. Financial assets and liabilities held for trading 38 17. Loans and advances to customers 39 18. Investment securities 40 19. Investments in associates 41 20. Deposits from banks 41 21. Deposits from customers 41 22. Subordinated liabilities 42 23. Debt securities in issue 43
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 24. Provisions for financial liabilities and guarantees granted 45 25. Other provisions 45 26. Other liabilities 46 27. Fair value 46 28. Legal risk connected with CHF mortgage loans 51 29. Discontinued operations 53 30. Contingent liabilities 53 31. Shareholders with min. 5% voting power 56 32. Related parties 57 33. Changes in the business or economic circumstances that affect the fair value of the entity’s financial assets and financial liabilities, whether those assets or liabilities are recognized at fair value or amortised costs 59 34. Any loan default or breach of a loan agreement that has not been remedied on or before the end of the reporting period 59 35. Character and amounts of items which are extraordinary due to their nature, volume or occurrence 59 36. Information concerning issuing loan and guarantees by an issuer or its subsidiary 59 37. Creation and reversal of impairment charges for financial assets, tangible fixed assets, intangible fixed assets and other assets 59 38. Material purchases or sales of tangible fixed assets and material obligations arising from the purchase of tangible fixed assets 60 39. Acquisitions and disposals of investments in subsidiaries and associates 60 40. Share based incentive scheme 60 41. Dividend per share 61 42. Events which occurred subsequently to the end of the reporting period 61
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN Notes presented on pages 15-62 constitute an integral part of this Financial Statements. 4/63 I. Condensed interim consolidated income statement for the period 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Interest income and similar to interest 4 238 172 12 153 105 4 271 940 12 996 597 Interest income on financial assets measured at amortised cost 3 686 997 10 525 917 3 655 389 10 981 812 Interest income on financial assets measured at fair value through other comprehensive income 356 625 1 079 831 435 917 1 450 316 Income similar to interest on financial assets measured at fair value through profit or loss 45 668 100 776 16 277 65 850 Income similar to interest on finance leases 148 882 446 581 164 357 498 619 Interest expense (934 940) (2 685 578) (1 076 904) (3 447 634) Net interest income Note 4 3 303 232 9 467 527 3 195 036 9 548 963 Fee and commission income 986 131 2 937 386 904 919 2 691 246 Fee and commission expense (342 776) (754 905) (179 864) (494 563) Net fee and commission income Note 5 643 355 2 182 481 725 055 2 196 683 Dividend income 3 153 59 848 3 350 15 864 Net result on subordinated entities 67 (33) - - Net trading income and revaluation Note 6 62 342 317 242 57 195 193 497 Gains (losses) from other financial securities Note 7 1 145 (708) 9 848 10 409 Gain/loss on derecognition of financial instruments measured at amortised cost Note 28 11 076 (9 072) (14 450) (21 596) Other operating income Note 8 36 378 95 878 21 564 64 311 Impairment allowances for expected credit losses Note 9 (117 091) (367 101) (196 282) (439 536) Cost of legal risk associated with foreign currency mortgage loans Note 28 (109 263) (801 143) (168 492) (986 602) Operating expenses incl.: (1 347 077) (4 375 236) (1 131 324) (3 607 856) -Staff, operating expenses and management costs Note 10,11 (1 164 205) (3 840 050) (958 875) (3 099 260) -Amortisation of property, plant and equipment and Intangible assets (99 000) (286 302) (116 014) (335 260) -Amortisation of right of use assets (39 892) (115 649) (34 575) (104 172) -Other operating expenses Note 12 (43 980) (133 235) (21 860) (69 164) Share in net profits (loss) of entities accounted for by the equity method 23 792 84 544 27 692 85 712 Tax on financial institutions (213 809) (630 139) (210 220) (620 500) Profit before tax 2 297 300 6 024 088 2 318 972 6 439 349 Corporate income tax Note 13 (781 113) (2 260 654) (486 883) (1 495 366) Profit for the period from continuing operations 1 516 187 3 763 434 1 832 089 4 943 983 Profit/(loss) for the period from discontinued operations - - 134 620 (129 616) Profit for the period 1 516 187 3 763 434 1 966 709 4 814 367 Profit for the period attributable to: - owners of the parent entity 1 490 401 3 691 131 1 888 827 4 640 421 - non-controlling interests 25 786 72 303 77 882 173 946 Profit for the period attributable to owners of the parent entity from: - continuing operations 1 490 401 3 691 131 1 812 714 4 891 692 - discontinued operations - - 76 113 (251 271) Profit for the period attributable to owners of the parent entity 1 490 401 3 691 131 1 888 827 4 640 421 Net earnings per share from continuing operations Basic earnings per share (PLN/share) 14,58 36,12 17,74 47,87 Diluted earnings per share (PLN/share) 14,58 36,12 17,74 47,87 Net earnings per share Basic earnings per share (PLN/share) 14,58 36,12 18,48 45,41 Diluted earnings per share (PLN/share) 14,58 36,12 18,48 45,41
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN Notes presented on pages 15-62 constitute an integral part of this Financial Statements. 5/63 II. Condensed interim consolidated statement of comprehensive income for the period: 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Consolidated net profit for the period 1 516 187 3 763 434 1 966 709 4 814 367 Items that will be reclassified subsequently to profit or loss: (726 465) (982 739) 166 443 960 580 Revaluation and sales of debt financial assets measured at fair value through other comprehensive income, gross (170 449) (126 420) 160 396 516 391 Deferred tax 39 620 28 344 (30 475) (98 114) Revaluation of cash flow hedging instruments, gross (786 052) (1 168 137) 45 089 669 510 Deferred tax 190 416 283 474 (8 567) (127 207) Items that will not be reclassified subsequently to profit or loss: 24 6 257 8 (38 884) Revaluation of equity financial assets measured at fair value through other comprehensive income, gross 30 13 659 10 (55 401) Deferred and current tax (6) (3 141) (2) 10 526 Provision for retirement benefits – actuarial gains/losses, gross - (6 087) - 7 396 Deferred tax - 1 826 - (1 405) Total other comprehensive income, net (726 441) (976 482) 166 451 921 696 Total comprehensive income for the period 789 746 2 786 952 2 133 160 5 736 063 Total comprehensive income for the period is attributable to: - owners of the parent entity 764 243 2 714 928 2 049 007 5 532 496 - non-controlling interests 25 503 72 024 84 153 203 567 Total comprehensive income for the period attributable to owners of the parent entity from: - continuing operations 764 243 2 714 928 2 363 020 5 739 343 - discontinued operations - - (314 013) (206 847)
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN Notes presented on pages 15-62 constitute an integral part of this Financial Statements. 6/63 III. Condensed interim consolidated statement of financial position as at: 30.09.2026 31.12.2025* restated ASSETS Cash and cash equivalents Note 14 30 803 267 30 504 739 Loans and advances to banks Note 15 337 936 323 530 Financial assets held for trading Note 16 9 799 975 15 278 611 Hedging derivatives 1 190 305 2 023 727 Loans and advances to customers incl.: Note 17 179 252 564 164 885 842 - measured at amortised cost 164 945 250 150 396 626 - measured at fair value through other comprehensive income 3 590 557 3 723 371 - measured at fair value through profit and loss 3 - - from finance leases 10 716 754 10 765 845 Reverse sale and repurchase agreements 5 233 156 4 417 364 Investment securities incl.: Note 18 84 291 978 78 865 681 - debt securities measured at fair value through other comprehensive income 23 664 578 28 689 816 - debt investment securities measured at amortised cost 60 126 912 49 689 035 - equity securities measured at fair value through other comprehensive income 500 488 486 830 Assets pledged as collateral 10 874 250 2 575 358 Investments in associates Note 19 952 011 990 738 Intangible assets 1 079 059 987 651 Goodwill 1 688 516 1 688 516 Property, plant and equipment 884 656 764 514 Right of use assets 516 277 542 586 Current income tax assets 17 433 - Deferred tax assets 313 307 666 797 Non-current assets classified as held for sale 8 8 Other assets 2 853 739 3 634 415 Total assets 330 088 437 308 150 077 LIABILITIES AND EQUITY Deposits from banks Note 20 3 378 085 2 847 280 Hedging derivatives 252 693 192 875 Financial liabilities held for trading Note 16 9 436 495 12 363 423 Deposits from customers Note 21 252 359 711 230 142 564 Sale and repurchase agreements 11 378 965 2 580 543 Subordinated liabilities Note 22 3 649 007 1 601 965 Debt securities in issue Note 23 9 445 415 14 513 671 Lease liabilities 517 370 389 100 Current income tax liabilities - 1 072 135 Deferred tax liability 225 432 Provisions for financial liabilities and guarantees granted Note 24 105 809 79 330 Other provisions Note 25 2 460 365 2 302 503 Other liabilities Note 26 4 035 223 4 559 030 Total liabilities 297 019 363 272 644 851 Equity Equity attributable to owners of the parent entity 32 987 697 35 425 672 Share capital 1 021 893 1 021 893 Other reserve capital 23 643 254 23 397 608 Revaluation reserve (68 141) 914 434 Retained earnings 4 699 560 3 612 923 Profit for the period 3 691 131 6 478 814 Non-controlling interests in equity 81 377 79 554 Total equity 33 069 074 35 505 226 Total liabilities and equity 330 088 437 308 150 077 *Data restated following changes to the presentation of loans and advances to banks and loans and advances to customers; details are presented in Note 2.5.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN Notes presented on pages 15-62 constitute an integral part of this Financial Statements. 7/63 IV. Condensed interim consolidated statement of changes in equity Equity attributable to owners of parent entity Consolidated statement of changes in equity 1.01.2026 - 30.09.2026 Share capital Own shares Other reserve capital Revaluation reserve Retained earnings and profit for the period Total Non- controlling interests Total equity As at the beginning of the period 1 021 893 - 23 397 608 914 434 10 091 737 35 425 672 79 554 35 505 226 Total comprehensive income - - - (976 203) 3 691 131 2 714 928 72 024 2 786 952 Consolidated profit for the period - - - - 3 691 131 3 691 131 72 303 3 763 434 Other comprehensive income - - - (976 203) - (976 203) (279) (976 482) Share-based incentive scheme - - 56 350 - - 56 350 - 56 350 Purchase of own shares - (95 459) - - - (95 459) - (95 459) Settlements under share-based incentive scheme - 95 459 (93 724) - - 1 735 - 1 735 Profit allocation to other reserve capital - - 375 767 - (375 767) - - - Interim dividend - - - - - - - - Profit allocation to dividends - - (76 818) - (5 030 603) (5 107 421) (70 201) (5 177 622) Other changes - - (15 929) (6 372) 14 193 (8 108) - (8 108) As at the end of the period 1 021 893 - 23 643 254 (68 141) 8 390 691 32 987 697 81 377 33 069 074 As at the end of the period revaluation reserve in the amount of PLN (68,141) k comprises: change in revaluation of debt securities in the amount of PLN (248,369) k, revaluation of equity securities in the amount of PLN 364,450 k, revaluation of cash flow hedge instruments in the amount of PLN (180,544) k and accumulated actuarial gains of PLN (3,678) k.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN Notes presented on pages 15-62 constitute an integral part of this Financial Statements. 8/63 Equity attributable to owners of parent entity Consolidated statement of changes in equity 1.01.2025 - 30.09.2025 Share capital Own shares Other reserve capital Revaluation reserve Retained earnings and profit for the period Total Non- controlling interests Total equity As at the beginning of the period 1 021 893 - 24 424 796 (218 647) 7 299 425 32 527 467 1 913 719 34 441 186 Total comprehensive income: - - - 892 075 4 640 421 5 532 496 203 567 5 736 063 Consolidated profit for the period - - - - 4 640 421 4 640 421 173 946 4 814 367 Other comprehensive income from continuing operations - - - 847 651 - 847 651 6 847 657 Other comprehensive income from discontinued operations - - - 44 424 - 44 424 29 615 74 039 Share-based incentive scheme - - 58 210 - - 58 210 - 58 210 Purchase of own shares - (82 367) - - - (82 367) - (82 367) Settlements under share-based incentive scheme - 82 367 (83 172) - - (805) - (805) Profit allocation to other reserve capital - - 281 132 - (281 132) - - - Profit allocation to dividends - - (840 887) - (3 897 632) (4 738 519) (56 476) (4 794 995) Other changes - - 780 466 2 704 3 950 - 3 950 As at the end of the period 1 021 893 - 23 840 859 673 894 7 763 786 33 300 432 2 060 810 35 361 242 As at the end of the period revaluation reserve in the amount of PLN 673,894 k comprises: change in revaluation of debt securities in the amount of PLN (248,155) k, revaluation of equity securities in the amount of PLN 307,588 k, revaluation of cash flow hedge instruments in the amount of PLN 611,138 k and accumulated actuarial gains of PLN 3,323 k.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN Notes presented on pages 15-62 constitute an integral part of this Financial Statements. 9/63 V. Condensed interim consolidated statement of cash flows for the period 1.01.2026- 30.09.2026 1.01.2025- 30.09.2025 Cash flows from operating activities Profit before tax 6 024 088 6 439 349 Adjustments for: Share in net profits of entities accounted for by the equity method (84 544) (85 712) Depreciation/amortisation 401 951 439 432 Net interest income (9 467 527) (9 548 963) Net gains on investing activities 3 485 (17 018) Dividends (167 734) (109 381) Impairment losses (reversal) 3 642 748 Changes in: Provisions 184 341 (112 558) Financial assets / liabilities held for trading 2 487 291 (1 573 290) Assets pledged as collateral (3 563 397) (172 310) Hedging derivatives 1 033 021 (1 058 880) Loans and advances to banks (65 401) 2 310 953 Loans and advances to customers (14 246 620) 13 927 538 Deposits from banks (211 916) (1 327 936) Deposits from customers 22 323 241 (11 111 039) Buy-sell/ Sell-buy-back transactions 7 952 371 1 770 242 Assets/Liabilities of the group classified as held for sale - (2 346 873) Other assets and liabilities (1 266 173) 2 310 456 Interest received on operating activities 9 271 474 10 580 149 Interest paid on operating activities (2 116 312) (2 388 967) Paid income tax (2 685 365) (1 847 300) Net cash flows from operating activities 15 809 916 6 078 640 Cash flows from investing activities Inflows 14 578 958 16 107 942 Sale/maturity of investment securities 12 073 001 14 092 658 Sale of intangible assets and property, plant and equipment 18 698 10 974 Dividends received 167 734 109 380 Interest received 2 319 525 1 894 930 Outflows (21 629 734) (20 634 212) Purchase of investment securities (21 211 394) (20 339 241) Purchase of intangible assets and property, plant and equipment (418 340) (294 971) Net cash flows from investing activities (7 050 776) (4 526 270) Cash flows from financing activities Inflows 8 031 270 5 409 879 Debt securities issued 3 388 027 3 585 000 Drawing of loans 4 643 243 1 824 879 Outflows (16 491 882) (10 204 352) Debt securities buy out (8 564 942) (2 348 117) Repayment of loans and advances (1 998 749) (2 263 770) Repayment of lease liabilities (93 469) (103 153) Dividends to shareholders (5 177 622) (4 794 995) Purchase of own shares (95 459) (82 367) Interest paid (561 641) (611 950) Net cash flows from financing activities (8 460 612) (4 794 473) Total net cash flows 298 528 (3 242 103) Cash and cash equivalents at the beginning of the accounting period 30 504 739 29 003 506 Cash and cash equivalents at the end of the accounting period 30 803 267 25 761 403
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN Notes presented on pages 15-62 constitute an integral part of this Financial Statements. 10/63 VI. Condensed income statement za okres 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Interest income and similar to interest 4 092 384 11 721 548 4 121 855 12 563 327 Interest income on financial assets measured at amortised cost 3 690 945 10 542 255 3 669 922 11 047 973 Interest income on financial assets measured at fair value through other comprehensive income 355 736 1 078 481 435 646 1 449 444 Income similar to interest on financial assets measured at fair value through profit or loss 45 703 100 812 16 287 65 910 Interest expense (882 206) (2 529 847) (1 026 025) (3 298 897) Net interest income 3 210 178 9 191 701 3 095 830 9 264 430 Fee and commission income 862 649 2 588 964 800 836 2 399 250 Fee and commission expense (314 733) (666 902) (143 056) (385 711) Net fee and commission income 547 916 1 922 062 657 780 2 013 539 Dividend income 3 153 245 044 3 351 187 441 Net result on subordinated entities 67 (33) - - Net trading income and revaluation 62 409 314 663 55 652 190 336 Gains (losses) from other financial securities 1 145 (712) 9 868 10 429 Gain/loss on derecognition of financial instruments measured at amortised cost 11 076 (9 072) (14 450) (21 596) Other operating income 24 230 48 937 11 789 35 326 Impairment allowances for expected credit losses (88 944) (296 965) (176 730) (394 400) Cost of legal risk associated with foreign currency mortgage loans (109 263) (801 143) (168 492) (986 602) Operating expenses incl.: (1 277 915) (4 162 882) (1 071 200) (3 429 495) -Staff, operating expenses and management costs (1 108 208) (3 667 587) (907 906) (2 948 895) -Amortisation of property, plant and equipment and Intangible assets (90 732) (263 691) (110 930) (320 920) -Amortisation of right of use assets (38 903) (111 933) (32 946) (98 980) -Other operating expenses (40 072) (119 671) (19 418) (60 700) Tax on financial institutions (213 809) (630 139) (210 220) (620 500) Profit before tax 2 170 243 5 821 461 2 193 178 6 248 908 Corporate income tax (752 391) (2 202 861) (461 774) (1 843 057) Profit for the period 1 417 852 3 618 600 1 731 404 4 405 851 Net earnings per share Basic earnings per share (PLN/share) 13,87 35,41 16,94 43,11 Diluted earnings per share (PLN/share) 13,87 35,41 16,94 43,11
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN Notes presented on pages 15-62 constitute an integral part of this Financial Statements. 11/63 VII. Condensed interim statement of comprehensive income 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Net profit for the period 1 417 852 3 618 600 1 731 404 4 405 851 Items that will be reclassified subsequently to profit or loss: (725 900) (982 180) 150 778 886 529 Revaluation and sales of debt financial assets measured at fair value through other comprehensive income, gross (169 751) (125 729) 144 794 451 828 Deferred tax 39 488 28 213 (27 511) (85 847) Revaluation of cash flow hedging instruments, gross (786 053) (1 168 138) 41 352 642 652 Deferred tax 190 416 283 474 (7 857) (122 104) Items that will not be reclassified subsequently to profit or loss: 24 6 257 8 (38 884) Revaluation of equity financial assets measured at fair value through other comprehensive income, gross 30 13 659 10 (55 401) Deferred and current tax (6) (3 141) (2) 10 526 Provision for retirement benefits – actuarial gains/losses, gross - (6 087) - 7 396 Deferred tax - 1 826 - (1 405) Total other comprehensive income, net (725 876) (975 923) 150 786 847 645 Total comprehensive income for the period 691 976 2 642 677 1 882 190 5 253 496
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN Notes presented on pages 15-62 constitute an integral part of this Financial Statements. 12/63 VIII. Condensed interim statement of financial position as at: 30.09.2026 31.12.2025* restated ASSETS Cash and cash equivalents 30 803 266 30 504 751 Loans and advances to banks 335 717 322 083 Financial assets held for trading 9 804 951 15 278 958 Hedging derivatives 1 190 305 2 023 727 Loans and advances to customers incl.: 173 833 387 159 068 218 - measured at amortised cost 170 242 827 155 344 847 - measured at fair value through other comprehensive income 3 590 557 3 723 371 - measured at fair value through profit and loss 3 - Reverse sale and repurchase agreements 5 233 156 4 417 364 Investment securities incl.: 84 271 921 78 845 871 - debt securities measured at fair value through other comprehensive income 23 644 522 28 670 006 - debt investment securities measured at amortised cost 60 126 911 49 689 035 - equity securities measured at fair value through other comprehensive income 500 488 486 830 Assets pledged as collateral 10 874 250 2 575 358 Investments in subsidiaries and associates 174 393 174 493 Intangible assets 1 025 317 937 877 Goodwill 1 688 516 1 688 516 Property, plant and equipment 434 590 429 662 Right of use asset 627 148 539 859 Deferred tax assets 272 032 553 123 Non-current assets classified as held for sale 8 8 Other assets 2 500 408 3 288 035 Total assets 323 069 365 300 647 903 LIABILITIES AND EQUITY Deposits from banks 1 713 376 1 946 975 Hedging derivatives 252 693 192 875 Financial liabilities held for trading 9 436 498 12 363 462 Deposits from customers 252 398 198 230 200 308 Sale and repurchase agreements 11 378 965 2 580 543 Subordinated liabilities 3 649 007 1 601 965 Debt securities in issue 6 374 470 10 152 028 Lease liabilities 676 542 562 579 Current income tax liabilities 20 541 1 066 403 Provisions for financial liabilities and guarantees granted 187 595 161 881 Other provisions 2 460 103 2 301 979 Other liabilities 3 695 745 4 187 387 Total liabilities 292 243 733 267 318 385 Equity Share capital 1 021 893 1 021 893 Other reserve capital 21 820 884 21 713 543 Revaluation reserve (64 474) 911 449 Retained earnings 4 428 729 2 973 826 Profit for the period 3 618 600 6 708 807 Total equity 30 825 632 33 329 518 Total liabilities and equity 323 069 365 300 647 903 *Data restated following changes to the presentation of loans and advances to banks and loans and advances to customers; details are presented in Note 2.5.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN Notes presented on pages 15-62 constitute an integral part of this Financial Statements. 13/63 IX. Condensed interim statement of changes in equity Statement of changes in equity 1.01.2026 - 30.09.2026 Share capital Own shares Other reserve capital Revaluation reserve Retained earnings and profit for the period Total As at the beginning of the period 1 021 893 - 21 713 543 911 449 9 682 633 33 329 518 Total comprehensive income - - - (975 923) 3 618 600 2 642 677 Profit for the period - - - - 3 618 600 3 618 600 Other comprehensive income - - - (975 923) - (975 923) Share-based incentive scheme - - 56 350 - - 56 350 Purchase of own shares - (95 459) - - - (95 459) Settlements under share-based incentive scheme - 95 459 (93 724) - - 1 735 Profit allocation to other reserve capital - - 223 301 - (223 301) - Profit allocation to dividends - - (76 818) - (5 030 603) (5 107 421) Other changes - - (1 768) - - (1 768) As at the end of the period 1 021 893 - 21 820 884 (64 474) 8 047 329 30 825 632 As at the end of the period revaluation reserve in the amount of PLN (64,474) k comprises: change in revaluation of debt securities in the amount of PLN (244,790) k, revaluation of equity securities in the amount of PLN 364,450 k, revaluation of cash flow hedge instruments in the amount of PLN (180,544) k and accumulated actuarial gains of PLN (3,590) k. Statement of changes in equity 1.01.2025 - 30.09.2025 Share capital Own shares Other reserve capital Revaluation reserve Retained earnings and profit for the period Total As at the beginning of the period 1 021 893 - 22 427 789 (197 903) 6 975 588 30 227 367 Total comprehensive income - - - 847 645 4 405 851 5 253 496 Profit for the period - - - - 4 405 851 4 405 851 Other comprehensive income - - - 847 645 - 847 645 Share-based incentive scheme - - 58 210 - - 58 210 Purchase of own shares - (82 367) - - - (82 367) Settlements under share-based incentive scheme - 82 367 (83 172) - - (805) Profit allocation to other reserve capital - - 104 130 - (104 130) - Profit allocation to dividends - - (840 887) - (3 897 632) (4 738 519) Other changes - - 780 - - 780 As at the end of the period 1 021 893 - 21 666 850 649 742 7 379 677 30 718 162 As at the end of the period revaluation reserve in the amount of PLN 649,742 k comprises: change in revaluation of debt securities in the amount of PLN (264,073) k, revaluation of equity securities in the amount of PLN 307,589 k, revaluation of cash flow hedge instruments in the amount of PLN 602,895 k and accumulated actuarial gains of PLN 3,331 k.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN Notes presented on pages 15-62 constitute an integral part of this Financial Statements. 14/63 X. Condensed inteim statement of cash flows for the period 1.01.2026- 30.09.2026 1.01.2025- 30.09.2025 Cash flows from operating activities Profit before tax 5 821 461 6 248 908 Adjustments for: Depreciation/amortisation 375 624 419 900 Net interest income (9 191 701) (9 264 430) Net gains on investing activities (281) (17 055) Dividends (237 935) (182 844) Impairment losses (reversal) 4 508 511 Changes in: Provisions 183 838 386 155 Financial assets / liabilities held for trading 2 482 624 (1 570 798) Assets pledged as collateral (3 563 397) (172 310) Hedging derivatives 1 033 021 (965 395) Loans and advances to banks (64 606) 2 521 833 Loans and advances to customers (14 659 090) (4 023 985) Deposits from banks (236 713) (118 865) Deposits from customers 22 231 039 5 046 979 Buy-sell/ Sell-buy-back transactions 7 952 371 1 770 242 Other assets and liabilities (1 347 442) 1 258 328 Interest received on operating activities 8 855 269 9 853 749 Interests paid on operating activities (2 115 525) (2 612 816) Paid income tax (2 657 261) (1 667 414) Net cash flows from operating activities 14 865 804 6 910 693 Cash flows from investing activities Inflows 14 630 381 16 178 188 Sale of investments in subsidiaries 100 - Sale/maturity of investment securities 12 073 001 14 092 290 Sale of intangible assets and property, plant and equipment 234 8 703 Dividends received 237 935 182 844 Interest received 2 319 111 1 894 351 Outflows (21 576 457) (20 575 043) Purchase of investment securities (21 211 393) (20 338 853) Purchase of intangible assets and property, plant and equipment (365 064) (236 190) Net cash flows from investing activities (6 946 076) (4 396 855) Cash flows from financing activities Inflows 2 773 563 463 705 Debt securities issued - 320 000 Drawing of loans 2 773 563 143 705 Outflows (10 394 776) (5 677 593) Debt securities buy out (3 887 415) (56 617) Repayment of loans and advances (797 540) (211 468) Repayment of lease liabilities (99 947) (107 639) Dividends to shareholders (5 107 421) (4 738 519) Purchase of own shares (95 459) (82 367) Interest paid (406 994) (480 983) Net cash flows from financing activities (7 621 213) (5 213 888) Total net cash flows 298 515 (2 700 050) Cash and cash equivalents at the beginning of the accounting period 30 504 751 28 722 169 Cash and cash equivalents at the end of the accounting period 30 803 266 26 022 119
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 15/63 XI. Additional notes to condensed interim consolidated financial statements 1. General information about issuer The Bank operates under the name Erste Bank Polska S.A. with its registered office in Poland at Plac Europejski 3A, 00-844 Warszawa, entered in the National Court Register (KRS) under no. 0000008723, NIP: 896-000-56-73, REGON: 930041341. The consolidated financial statements of Erste Bank Polska Group comprise the financial data of the Bank and its subsidiaries (collectively referred to as the Group). As at the date of publication, the immediate and ultimate parent entity of Erste Bank Polska S.A. was Erste Group Bank AG with its registered office in Austria. On 9 January 2026, Erste Group Bank AG finalised the acquisition from Banco Santander S.A. of shares in Santander Bank Polska S.A. representing 49% of its share capital and voting rights. As a result, Erste Group Bank AG became the main shareholder. On 24 April 2026, the District Court for the capital city of Warsaw in Warsaw, 13th Commercial Division of the National Court Register registered changes to the Bank's Statutes adopted by the Bank's Extraordinary General Meeting held on 22 January 2026, including the change of the Bank's name. Erste Bank Polska Group offers a wide range of banking services to individual and business customers and operates in domestic and interbank foreign markets. It also offers the following services: • intermediation in trading in securities, • leasing, • factoring, • asset/ fund management, • insurance distribution services, • trading in shares of commercial companies, • brokerage services.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 16/63 Erste Bank Polska Group consists of the following entities: Subsidiaries: Subsidiaries Registered office [%] of votes on AGM at 30.09.2026 [%] of votes on AGM at 31.12.2025 1. Erste Finanse sp. z o.o. (previous name Santander Finanse sp. z o.o.) Poznań 100% 100% 2. Erste Factoring sp. z o.o. (previous name Santander Factoring sp. z o.o.) Warszawa 100% of AGM votes are held byErste Finanse sp. z o.o. 100% of AGM votes are held byErsteFinanse sp. z o.o. 3. Erste Leasing S.A. (previous name Santander Leasing S.A.) Poznań 100% of AGM votes are held by Erste Finanse sp. z o.o. 100% of AGM votes are held byErste Finanse sp. z o.o. 4. Erste F24 S.A. (previous name Santander F24 S.A.) Poznań 100% of AGM votes are held by Erste Finanse sp. z o.o. 100% of AGM votes are held by Erste Finanse sp. z o.o. 5. Erste Towarzystwo Funduszy Inwestycyjnych * (previous name Santander Towarzystwo Funduszy Inwestycyjnych S.A.) Poznań 50% 50% 6 SPV XX04062025 Sp. z o.o. in liquidation** (previous name Santander Inwestycje sp. z o.o.) Warszawa - 100% *As at 30 September 2026, Erste Bank Polska S.A. and Erste Group Bank AG held an equal stake of 50% in the share capital of Erste Towarzystwo Funduszy Inwestycyjnych S.A. (Erste TFI S.A.). Erste Bank Polska S.A. had control over Erste TFI S.A. because, as concluded by the Bank’s Management Board (in line with the guidance provided in IFRS 10 par. B18 and legal requirements concerning Erste TFI S.A. and its operations) , the Bank had a practical ability to unilaterally direct the relevant activities of Erste TFI S.A. even if it did not have a contractual right to do so. The Bank could have a real impact on the composition of the Supervisory Board and through it – on the composition of the Management Board of Erste TFI S.A., i.e. the governing bodies which decide on the relevant activities of Erste TFI S.A. Furthermore, the Bank significantly affected the company’s operations and results as the major business partner and d istributor of investment products. At the same time, through its ownership interest, it had the right to variable returns generated by that company and was exposed to the associated risk. It should therefore be concluded that by having the power and right to variable returns (benefits), the Bank had control over Erste TFI S.A. and exercised it as at the date of signing these interim financial statements. On 2 July 2026, the planned sale of one share of Erste TFI S.A. to Erste Asset Management GmbH, an entity from Erste Group, w as announced. On 15 October 2026 one share in Erste TFI S.A. was sold to Erste Asset Management GmbH, with a registered seat in Vienna, for a price of EUR 2,924. For details, please see Note 42 Events which occurred subsequently to the end of the period. ** On 27 June 2025, the Extraordinary General Meeting, decided to start the liquidation of the company on 1 July 2025, appoint a liquidator and change the company’s name to SPV XX04062025 Sp. z o.o. w likwidacji. On 12 May 2026, the company was struck off the National Court R egister (effective as of 21 May 2026). Associates: Associates Registered office [%] of votes on AGM at 30.09.2026 [%] of votes on AGM at 31.12.2025 1. POLFUND - Fundusz Poręczeń Kredytowych S.A. Szczecin 50% 50% 2. Erste Allianz Towarzystwo Ubezpieczeń na Życie S.A. (previous name Santander Allianz Towarzystwo Ubezpieczeń na Życie S.A.) Warszawa 49% 49% 3. Erste Allianz Towarzystwo Ubezpieczeń S.A. (previous name Santander Allianz Towarzystwo Ubezpieczeń S.A.) Warszawa 49% 49%
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 17/63 2. Basis of preparation of consolidated financial statements 2.1 Statement of compliance These condensed interim consolidated financial statements of Erste Bank Polska S.A. Group (former: Santander Bank Polska S.A Group) were prepared in accordance with the International Accounting Standard 34 “Interim financial reporting” as adopted by the European Union. The accounting principles were applied uniformly by individual units of the Erste Bank Polska S.A. Group. Erste Bank Polska S.A. Group applied the same accounting principles and calculation methods as in the preparation of the consolidated financial statements for the year ended as at 31 December 2025, except for the income tax charge, which was calculated in accordance with the principles set out in IAS34.30c, changes in accounting standards p.2.4 . and changes described in p.2.5. These condensed interim consolidated financial statements have been approved for publication by the Management Board of Erste Bank Polska S.A. on 29 October 2026. 2.2 Basis of preparation of financial statements Presented consolidated condensed interim financial statement does not contain information and disclosures required in annual financial statement and should be read together with consolidated financial statements as at 31 December 2025. These consolidated financial statements have been prepared on the assumption that the Group companies will continue in non-significantly reduced scope as going concern in the foreseeable future, i.e. for a period of at least 12 months from the date on which these financial statements were prepared. Consolidated financial statements are presented in PLN, rounded to the nearest thousand. These condensed interim consolidated financial statements of Erste Bank Polska S.A. Group have been prepared in accordance with the International Accounting Standard 34 “Interim financial reporting” adopted by the European Union. Erste Bank Polska S.A. Group prepared consolidated financial statements in accordance with following measurement methods: Item Balance sheet valuation rules Held-for-trading financial instruments Fair value through profit or loss Loans and advances to customers which meet the contractual cash flows test Amortized cost Loans and advances to customers which do not meet the contractual cash flows test Fair value through profit or loss Financial instruments measured at fair value through other comprehensive income Fair value through other comprehensive income Share-based payment transactions According to IFRS 2 "Share-based payment" requirements Equity investment financial assets Fair value through other comprehensive income – an designation option Equity financial assets-trading Fair value through profit or loss Debt securities measured at fair value through profit or loss Fair value through profit or loss Non-current assets The purchase price or production cost reduced by total depreciation charges and total impairment losses Right of use assets (IFRS 16) Initial measurement reduced by total depreciation charges and total impairment losses Non-current assets held for sale and groups of non-current assets designated as held for sale Are recognised at the lower of their carrying amount and their fair value less costs of disposal. The accounting principles have been applied uniformly by all the entities forming Erste Bank Polska S.A. Group.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 18/63 2.3 New standards and interpretations or changes to existing standards or interpretations which can be applicable to Erste Bank Polska S.A. Group and are not yet effective and have not been early adopted IFRS Nature of changes Effective from Influence on Erste Bank Polska S.A. Group IFRS 18 Presentation and Disclosure in Financial Statements IFRS 18 includes requirements for all entities applying IFRS for the presentation and disclosure of information in financial statements. IFRS 18 replaces IAS 1. 1 January 2027 The amendment will have impact on cash flow statement, some of the disclosures and income statement in consolidated financial statements. IFRS 19 Subsidiaries without Public Accountability: Disclosures IFRS 19 specifies reduced disclosure requirements that an eligible entity is permitted to apply instead of the disclosure requirements in other IFRS Accounting Standards. 1 January 2027 The amendment will not have an impact on consolidated financial statements.* IAS 21 Translation to a Hyperinflationary Presentation Currency The amendments apply to companies with a non- hyperinflationary functional currency using a hyperinflationary presentation currency and also apply to companies with hyperinflationary functional and presentation currencies that translate the results and financial position of foreign operations whose functional currency is non-hyperinflationary. The amendmants gives information on how such positions should be translated. 1 January 2027 The amendment will not have an impact on consolidated financial statements.* IFRS 20 Rate- regulated Activities IFRS 20 aims to improve financial performance reporting for entities subject to rate regulation, such as utilities and transport. It introduces a new accounting model under which a company, subject to rate regulation that meets the scope criteria, recognizes regulatory assets and regulatory liabilities. 1 January 2029 The amendment will not have an impact on consolidated financial statements.* *New standards and amendments to existing standards issued by the IASB but not yet endorsed for use in the EU.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 19/63 2.4 Standards and interpretations or changes to existing standards or interpretations which were applied for the first time in the accounting year 2026 IFRS Nature of changes Effective from Influence on Erste Bank Polska S.A. Group Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7) Amendments regarding classification and measurement of financial instruments clarify derecognition of a financial liability settled through electronic transfer,present examples of contractual terms that are consistent with a basic lending arrangement,clarify characteristics of non-recourse features and contractually linked instruments and specify new disclosures. 1 January 2026 The amendment does not have significant impact on classification, cash in transits and some of the disclosures in consolidated financial statements. Annual Improvements to IFRS Accounting Standards Collection of amendments to IFRS Accounting Standards that will not be a part of any other project and adress necessary, but non-urgent, minor updates. Amendments concern IFRS 7, IFRS 9, IFRS 10, IAS 7. 1 January 2026 The amendment does not have a significant impact on consolidated financial statements. Amendments to IFRS 9 and IFRS 7: Contracts Referencing Nature-dependent Electricity The amendments made to IFRS 9 include detail on which power purchase agreements (PPAs) contracts can be used in hedge accounting, and the specific conditions allowed in such hedge relationships. The amendments made to IFRS 7 introduce some new disclosure requirements for contracts referencing naturedependent electricity as defined in the amendments to IFRS 9. 1 January 2026 The amendment does not have a significant impact on consolidated financial statements. 2.5 Comparability with the results from the previous periods In the consolidated financial statements of Erste Bank Polska Group for 2026 changes were made to the presentation of specific credit receivables, which affected the consolidated statement of financial position as at 31 December 2025. The changes result from an analysis, on the basis of which a decision was made to unify the approach to certain exposures and customer classification, in particular with respect to public sector funds, to reflect the amended regulatory requirements. In the Group’s opinion, the current presentation of loans and advances to customers from the public sector more appropriately reflects the type of borrower and accurately represents the nature and characteristics of these items. Accordingly, in the consolidated statement of financial position as at 31 December 2025 the following amounts were reclassified from “Loans and advances to banks” to “Loans and advances to customers”. The reclassified receivables are the sums which are disclosed under loans and advances to public sector entities. The impact of the change on the items in the published consolidated financial statements as of December 31, 2025, is presented below. before change after Loans and advances due from banks 2 371 648 (2 048 118) 323 530 Loans and advances due from customers, incl.: 162 837 724 2 048 118 164 885 842 -measured at amortised cost 148 904 495 1 492 131 150 396 626 - measured at fair value through other comprehensive income 3 167 384 555 987 3 723 371 -from financial leasing 10 765 845 - 10 765 845 The above-mentioned changes in classification had no impact on the balance sheet total, net profit or equity of the Group.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 20/63 2.6 Use of estimates Preparation of financial statement in accordance with the IFRS requires the management to make subjective judgements and assumptions, which affects the applied accounting principles as well as presented assets, liabilities, revenues and expenses. The estimates and assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgments about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and assumptions are reviewed on an ongoing basis. Changes to estimates are recognised in the period in which the estimate is changed if the change affects only that period, or in the period of the change and future periods if the change affects both current and future periods. Changes in economic useful lives As a result of the review of the economic useful lives, the depreciation periods for selected tangible assets and intangible assets were updated in 2026. Below are the economic useful lives before and after the revised estimates: till 2026 after 2026 INTANGIBLE ASSETS Software, software licenses, software copyrights - purchased 3 years 5 years Other licenses, concessions, patents and similar values 3 years 5 years Own-produced software 3 years 5 years TANGIBLE ASSETS Buildings Investments in foreign fixed assets 10 years 16 years Civil engineering facilities Squares, parking lots, connections 22 years 6 years Technical devices Transformers, charging stations, ventilation devices 10 years 6 years Movable property, equipment ATMs 10 years 6 years Key accounting estimates made by Erste Bank Polska S.A. Group Key estimates include: • Allowances for expected credit losses • Estimates for legal claims • Estimates of risk arising from mortgage loans in foreign currencies Allowances for expected credit losses in respect of financial assets The IFRS 9 approach is based on estimation of the expected credit loss (ECL). ECL allowances reflect an unbiased and probability-weighted amount that is determined by evaluating a range of possible outcomes, the time value of money; and reasonable and supportable information that is available without undue cost or effort at the reporting date about past events, current conditions and forecasts of future economic conditions. ECL allowances are measured at an amount equal to a 12-month ECL or the lifetime ECL, when it is deemed there has been a significant increase in credit risk since initial recognition (Stage 2) or impairment (Stage 3). Accordingly, the ECL model gives rise to measurement uncertainty, especially in relation to: • measurement of a 12-month ECL or the lifetime ECL; • determination of whether/when a significant increase in credit risk occurred; • determination of any forward-looking information reflected in ECL estimation, and their likelihood. As a result, ECL allowances are estimated using the adopted model developed using many inputs and statistical techniques. Structure of the models that are used for the purpose of ECL estimation consider models for the following parameters:
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 21/63 • PD - Probability of Default, i.e. the estimate of the likelihood of default over a given time horizon (12 - month or lifetime); • LGD - Loss Given Default, i.e. the part of the exposure amount that would be lost in the event of default; • EAD – Exposure at Default, i.e. expectation for the amount of exposure in case of default event in a given horizon 12-month or lifetime. Changes in these estimates and the structure of the models may have a significant impact on ECL allowances. In accordance with IFRS 9, the recognition of expected credit losses depends on changes in credit risk level which occur after initial recognition of the exposure. The standard defines three main stages for recognising expected credit losses: • Stage 1 – exposures with no significant increase in credit risk since initial recognition, i.e. the likelihood of the exposure being downgraded to the impaired portfolio (Stage 3 exposures) has not increased. For such exposures, 12-month expected credit losses are recognised • Stage 2 – exposures with a significant increase in credit risk since initial recognition, but with no objective evidence of impairment. For such exposures, lifetime expected credit losses are recognised. • Stage 3 – exposures for which the risk of default has materialised (objective evidence of impairment has been identified). For such exposures, lifetime expected credit losses are recognised For the purpose of the collective evaluation of ECL, financial assets are grouped on the basis of similar credit risk characteristics that indicate the debtors' ability to pay all amounts due according to the contractual terms (for example, on the basis of the Group’s credit risk evaluation or the rating process that considers asset type, industry, geographical location, collateral type, past -due status and other relevant factors). The characteristics chosen are relevant to the estimation of future cash flows f or groups of such assets by being indicative of the debtors' ability to pay all amounts due according to the contractual terms of the assets being evaluated. The rating/scoring systems have been internally developed and are continually being enhanced, e.g through external analysis that helps to underpin the aforementioned factors which determine the estimates of impairment charges. In the individual approach, the ECL charge was determined based on the calculation of the total probability -weighted impairment charges estimated for all the possible recovery scenarios, depending on the recovery strategy currently expected for the customer. In the scenario analysis, the key strategies / scenarios used were as follows: • Recovery from the operating cash flows / refinancing / capital support; • Recovery through the voluntary realisation of collateral; • Recovery through debt enforcement; • Recovery through systemic bankruptcy/recovery proceeding/liquidation bankruptcy; • Recovery by take-over of the debt / assets / sale of receivables • Recovery as part of legal restructuring. In addition, for exposures classified as POCI (purchased or originated credit impaired) - i.e. purchased or orginated financial assets that are impaired on initial recognition, expected credit losses are recognized over the remaining life horizon. Such an asset is created when impaired assets are initially recognized and the POCI classification is maintained over the life of the asset. A credit-impaired assets Credit-impaired assets are classified as Stage 3 or POCI. A financial asset or a group of financial assets are impaired if, and only if, there was objective evidence of impairment as a result of one or more events that occurred after the initial recognition of the asset or asset was recognized as POCI and that impairment event (or events) had an impact on the estimated future cash flows of the financial asset or group of financial assets that could be reliably estimated. It may not be possible to identify a single event that caused the impairment, rather the combined effect of several events may have caused the impairment. Objective evidence that a financial asset or group of assets was impaired includes observable data: • significant financial difficulty of the issuer or debtor; • a breach of contract, e.g. delay in repayment of interest or principal over 90 days in an amount exceeding the materiality threshold (PLN 400 for individual and small and medium-sized enterprises and PLN 2,000
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 22/63 for business and corporate clients) and at the same time relative thresholds (above 1% of the amount past due in relation to the balance sheet amount); • the Erste Bank Polska S.A. Group, for economic or legal reasons relating to the debtor's financial difficulty, granting to the debtor a concession that the Erste Bank Polska S.A. Group would not otherwise consider, which fulfil below criteria: (1) restructuring transactions classified in the Stage 3 category (before restructuring decision), (2) transactions restructured in the contingency period that meet the criteria for reclassification to the Stage 3 (quantitative and/or qualitative), (3) transactions restructured during the contingency period previously classified as non-performing due to observed customer financial difficulties, have been restructured again or are more than 30 days past due, (4) restructured transactions, where contractual clauses have been applied that defer payments through a grace period for repayment of the principal for a period longer than two years, (5) restructured transactions including debt write -off, interest grace periods or repaid in installments without contractual interest, (6) restructured transactions, where there was a decrease in the net present value of cash flows (NPV) of at least 1% compared to the NPV before the application of the forbearance measures, (7) transactions where there is a repeated failure to comply with the established payment plan of previous forbearances that has led to successive forbearances of the same exposure (transaction), (8) transactions where: o in inadequate repayment schedules were applied, which are related to, inter alia, repeated situations of non-compliance with the schedule, changes in the repayment schedule in order to avoid situations of non-compliance with it, or o a repayment schedule that is based on expectations, unsupported by macroeconomic forecasts or credible assumptions about the borrower's ability or willingness to repay was applied (9) transactions for which the Group has reasonable doubts as to the probability of payment by the customer. • it becoming probable that the debtor will enter bankruptcy, recovery proceedings, arrangement or other financial reorganisation; • the disappearance of an active market for that financial asset because of financial difficulties. Impaired exposures (Stage 3) can be reclassified to Stage 2 or Stage 1 if the reasons for their classification to Stage 3 have ceased to apply (particularly if the borrower’s economic and financial standing has improved) and a probation period has been completed (i.e. a period of good payment behaviour meaning the lack of arrears above 30 days), subject to the following: • In the case of individual customers, the probation period is 180 days. • In the case of SME customers, the probation period is 180 days, and assessment of the customer’s financial standing and repayment capacity is required in some cases. However, the exposure cannot be reclassified to Stage 1 or 2 in the case of fraud, client` s death, discontinuation of business, bankruptcy, or pending restructuring/ liquidation proceedings. • In the case of business and corporate customers, the probation period is 92 days, and positive assessment of the financial standing is required (the Group assesses all remaining payments as likely to be repaid as scheduled in the agreement). The exposure c annot be reclassified to Stage 1 or 2 in the case of fraud, discontinuation of business, or pending restructuring/ insolvency/ liquidation proceedings. Additionally, if the customer is in Stage 3 and subject to the forbearance process, they may be reclassified to Stage 2 not earlier than after 365 days (from the start of forbearance or from the downgrade to the NPL portfolio, whichever is later) of regula r payments, repayment by the client of the amount previously overdue / written off (if any) and after finding that there are no concerns as to the further repayment of the entire debt in accordance with the agreed terms of restructuring.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 23/63 A significant increases in credit risk One of the key elements of IFRS 9 is the identification of a significant increase in credit risk which determines the classification to Stage 2. The Group has developed detailed criteria for the definition of a significant increase in credit risk based on the following main assumptions: • Qualitative assumptions: • Implementing dedicated monitoring strategies for the customer following the identification of early warning signals that indicate a significant increase in credit risk • Restructuring actions connected with making concessions to the customers as a result of their difficult financial standing • Delay in payment as defined by the applicable standard, i.e. 30 days past due combined with the materiality threshold • Quantitative assumptions: • A risk buffer method based on the comparison of curves illustrating the probability of default over the currently remaining lifetime of the exposure based on the risk level assessment at exposure recognition and at reporting date. Risk buffer is set in rel ative terms for every single exposure based on its risk assessment resulting from internal models and other parameters of exposure impacting assessment of the Group whether the increase might have significantly increased since initial recognition of the exposure (such parameters considered types of the products, term structure as well as profitability). Risk buffer methodology was prepared internally and is based on the information gathered in the course of the decision process as well as in the process of transactions structuring. • Absolute threshold criterion - a significant increase in risk is considered to have occurred when, over the horizon of the current remaining life of the exposure, the annualised PD at the reporting date exceeds the corresponding PD at the time the exposure was recognised by an amount greater than the threshold. • In addition, the Bank applies the threefold risk criterion. It is met when, over the horizon of the current remaining life of the exposure, the annualised PD as at the reporting date exceeds three times the corresponding PD at the time the exposure was recognised. The fact that the exposure is supported by the Borrowers' Support Fund is reported as a forborne and a significant increase in credit risk (Stage 2), and in justified cases (previously identified impairment, subsequent restructuring action, inability to service the debt forecasted on the basis of defined criteria) constitutes an indication of impairment (Stage 3). Erste Bank Polska S.A. Group independently verifies the fulfillment of other quantitative thresholds (the absolute threshold criterion and the threefold risk increase criterion). Erste Bank Polska S.A. identifies exposures with low credit risk in its corporate segment in accordance with the rules under IFRS 9, which allows for the recognition of 12-month expected losses even if credit risk has increased significantly since initial recognition. As of 30 September 2026, this portfolio was immaterial and represented 0.033% of Erste Bank Polska S.A.'s portfolio classified as Stage 1 or Stage 2. Exposure in Stage 2 may be re-classified into Stage 1 without probation period as soon as significant increase in credit risk indicators after its initial recognition end e.g. when the following conditions are met: client`s current situation does not require constant monitoring, no restructuring actions towards exposure are taken, exposure has no payment delay over 30 days for significant amounts and according to risk buffer method no risk increase occurs. During the 2026, methodological changes were implemented in the credit risk assessment models for the mortgage loan portfolio, resulting in an increase in the value of exposures classified as Stage 2. This change stemmed primarily from model updates and was not associated with a significant deterioration in the portfolio's credit quality ECL measurement Another key feature required by IFRS 9 is the approach to the estimation of risk parameters. For the purpose of estimating allowances for expected losses, Erste Bank Polska S.A. Group uses its own estimates of risk parameters that are based on internal models. Expected credit losses are the sum of individual products for each exposure of the estimated values of PD, LGD and EAD parameters in particular periods (depending on the stage either in the horizon of 12 months or in lifetime) discounted using the effective interest rate. The estimated parameters are adjusted for macroeconomic scenarios in accordance with the assumptions of IFRS 9. To this end, the Group determines the factors which affect individual asset classes to estimate an appropriate evolution of risk parameters.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 24/63 The Group uses macroeconomic scenarios, which are updated on a monthly basis at least every six months. The models and parameters generated for the needs of IFRS 9 are subject to model management process and periodic calibration and validation. These tools are also used in the financial planning process. Determination of forward-looking information and their likelihood Forward- looking events are reflected both in the process of estimating ECL and when determining a significant increase in credit risk, by developing appropriate macroeconomic scenarios and then reflecting them in the estimation of parameters for each scenario. The final parameter value and the ECL is the weighted average of the parameters weighted by the likelihood of each scenario. Group uses three scenario types: the baseline scenario and two alternative scenarios, which reflect the probable alternative options of the baseline scenario: upside and downside scenario. Scenario weights are determined using the expected GDP path and the confidence intervals for this forecast in such a way that the weights reflect the uncertainty about the future development of this factor. The Group's models most often indicate the dependence of the quality of loan portfolios on the market situation in terms of the level of deposits, loans, as well as the levels of measures related to interest rates. Management ECL overlays At the end of the third quarter 2026, Erste Banka Polska S.A. Group has no significant overlays due to credit risk. Estimates for legal claims Erste Bank Polska S.A. Group raises provisions for legal claims in accordance with IAS 37. The provisions have been estimated considering the likelihood of unfavourable verdict and amount to be paid, and their impact is presented in other operating income and cost. Details on the value of the provisions and the assumptions made for their calculation are provided in notes 2 5, 28 and 30. Due to their specific nature, estimates related to legal claims of mortgage loans in foreign currencies are described below. Estimates of risk arising from mortgage loans in foreign currencies Due to the revolving legal situation related to mortgage loans portfolio denominated and indexed to foreign currencies, and inability to recover all contractual cash flows risk materialisation, Group estimates impact of legal risk on future cash flows. Gross book value adjustment resulting from legal risk is estimated based on a number of assumptions, taking into account a specific time horizon and a number of probabilities such as: • the probability of possible settlements and • the probability of submitting claims by borrowers, and • the probability in terms of the number of disputes which are described in more details in note 28. Legal risk is estimated individually for each exposure in the event of litigation and in terms of portfolio in the absence of such. As explained in the accounting policies, Erste Bank Polska Group accounts for the impact of legal risk as an adjustment to the gross book value of the mortgage loans portfolio. If there is no credit exposure or its value is insufficient, the impact of legal risk is presented as a provision according to IAS 37. The result on legal risk is presented in a separate position in income statement “Cost of legal risk associated with foreign currency mortgage loans” and “Gain/loss on derecognition of financial instruments measured at amortised cost”. As at 30 September 2026, the Group recognized PLN (801,143) k as cost of legal risk related to mortgage loans in foreign currencies and PLN (7,855) k as a cost of signed settlements. The Group will continue to monitor this risk in subsequent reporting periods. Details presenting the impact of the above -mentioned risk on financial statement, assumptions adopted for their calculation, scenario description and sensitivity analysis are contained in notes 28 and 30, respectively.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 25/63 Estimates regarding the value of the cash loan portfolio in terms of non-interest credit costs. In light of the CJEU judgment of April 23, 2026, the Group analyzed its impact on the cash loan portfolio. The CJEU ruled that the Consumer Credit Directive (2008/48/EC) does not permit the charging of interest on the portion of the loan used to finance non -interest credit costs. To reflect the impact of the CJEU judgment on the cash loan portfolio, the Group estimated an adjustment to the gross carrying amount of PLN 71,225 thousand, while simultaneously reducing net interest income from these loans. The adjustment reflects the change in expected cash flows arising from the cash loan agreements (paragraph B 5.4.6 of IFRS 9). 2.7 Change of accounting policy Erste Bank Polska S.A. Group consistently applied the adopted accounting principles both for the reporting period for all reporting periods presented in these financial statements except for changes in accounting standards p.2.4. and changes described in p.2.5. 3. Operating segments reporting Presentation of information about business segments in Erste Bank Polska Group bases on management information model which is used for preparing of reports for the Management Board, which are used to assess performance of results and allocate resources. Operational activity of Erste Bank Polska Group has been divided into four segments: Retail Banking, Business & Corporate Banking, Corporate & Investment Banking, ALM (Assets and Liabilities Management) and Centre. They were identified based on customers and product types. Profit before tax is a key measure which Management Board of the Bank uses to assess performance of business segments activity. Income and costs assigned to a given segment are generated on sale and service of products or services in the segment, according to description presented below. Such income and costs are recognized in the profit and loss account for Erste Bank Polska Group and may be assigned to a given segment either directly or based on reasonable assumptions. Interest and similar income split by business segments is assessed by Management Board of the Bank on the net basis including costs of internal transfer funds and without split by interests income and costs. Settlements among business segments relate to rewarding for delivered services and include: • sale and/or service of customers assigned to a given segment, via sale/service channels operated by another segment; • sharing of income and costs on transactions in cases where a transaction is processed for a customer assigned to a different segment; • sharing of income and cost of delivery of common projects. Income and cost allocations are regulated by agreements between segments, which are based on single rates for specific services or breakdown of total income and/or cost. Assets and liabilities of a given segment are used for the operational activity and may be assigned to the segment directly or on a reasonable basis. Erste Bank Polska Group focuses its operating activity on the domestic market. In 2026 customer resegmentation between business segments was introduced. Once a year, Erste Bank Polska Group carries out the resegmentation / migration of customers between operating segments which results from the fact that customer meets the criteria of assignment for different operating segment than before. This change is intended to provide services at the highest level of quality and tailored to individual needs or the scale of customer operations. The cost of legal risk connected with the portfolio of FX mortgage were presented in Retail Banking segment. More details regarding the above provisions are described in the note 28. Costs related to rebranding and integration process were presented in ALM (Assets and Liabilities Management) and Centre Segment. The principles of income and cost identification, as well as assets and liabilities for segmental reporting purposes are consistent with the accounting policy applied in Erste Bank Polska Group.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 26/63 Retail Banking Retail Banking generates income from the sale of products and services to personal customers and small companies. In the offer for customers of this segment there are a wide range of savings products, consumer and mortgage loans, credit and debit cards, insurance and investment products, clearing services, brokerage house services, GSM phones top-ups, foreign payments and Western Union and private-banking services. For small companies, the segment provides, among others, lending and deposit taking services, cash management services, leasing, factoring, letters of credit and guarantees. Furthermore, the Retail Banking segment generates income through offering asset management services within investment funds and private portfolios. Business & Corporate Banking Business & Corporate Banking segment covers products and activities targeted at business entities, local governments and the public sector, including medium companies. In addition to banking services covering lending and deposit activities, the segment pro vides services in the areas of cash management, leasing, factoring, trade financing and guarantees. It also covers insourcing services provided to retail customers based on mutual agreements with other banks and financial institutions. Corporate & Investment Banking In the Corporate & Investment Banking segment, Erste Bank Polska Group derives income from the sale of products and services to the largest international and local corporations, including: • transactional banking with such products as cash management, deposits, leasing, factoring, letters of credit, guarantees, bilateral lending and trade finance; • lending, including project finance, syndicated facilities and bond issues; • FX and interest rate risk management products provided to all the Bank’s customers (segment allocates revenues from this activity to other segments, the allocation level may be subject to changes in consecutive years); • underwriting and financing of securities issues, financial advice and brokerage services for financial institutions. Through its presence in the interbank market, segment also generates revenues from interest rate and FX risk positioning activity. ALM and Centre The segment covers central operations such as financing of other Group’s segments, including liquidity, interest rate risk and FX risk management. It also includes managing the Bank’s strategic investments and transactions generating income and/or costs that cannot be directly or reasonably assigned to a given segment.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 27/63 Consolidated income statement by business segments 1.07.2026 - 30.09.2026 Segment Retail Banking* Segment Business and Corporate Banking Segment Corporate& Investment Banking Segment ALM and Centre Total Net interest income 2 089 934 546 542 216 964 449 792 3 303 232 incl. internal transactions (3 615) (4 476) 8 100 (9) - Fee and commission income 644 236 193 581 148 314 - 986 131 Fee and commission expense (315 740) (9 345) (17 691) - (342 776) Net fee and commission income 328 496 184 236 130 623 - 643 355 incl. internal transactions 109 398 62 655 (172 053) - - Other income 3 043 18 539 66 466 22 960 111 008 incl. internal transactions 2 844 18 246 (20 096) (994) - Dividend income - - 3 153 - 3 153 Staff costs (433 140) (135 912) (75 955) (20 675) (665 682) Operating costs (292 866) (45 352) (44 272) (160 012) (542 503) incl. internal transactions - - - - - Depreciation/amortisation (101 675) (18 484) (10 497) (8 236) (138 892) Impairment losses on loans and advances (69 387) (41 717) (5 586) (401) (117 091) Cost of legal risk associated with foreign currency mortgage loans (109 263) - - - (109 263) Share in net profits (loss) of entities accounted for by the equity method 21 548 - - 2 244 23 792 Tax on financial institutions (115 857) (51 473) (36 237) (10 242) (213 809) Profit before tax 1 320 833 456 379 244 659 275 430 2 297 300 Corporate income tax (781 113) Profit for the period from continuing operations 1 516 187 Profit/(loss) for the period from discontinued operations - Profit for the period 1 516 187 Profit for the period attributable to: - owners of the parent entity 1 490 401 - non-controlling interests 25 786 Profit for the period attributable to owners of the parent entity from: - continuing operations 1 490 401 - discontinued operations - Profit for the period attributable to owners of the parent entity 1 490 401 *Includes individual customers, small companies and Wealth Management (private banking and Erste TFI S.A.). 1.07.2026 - 30.09.2026 Segment Retail Banking* Segment Business and Corporate Banking Segment Corporate & Investment Banking Segment ALM and Centre Total Fee and commission income 644 236 193 581 148 314 - 986 131 Electronic and payment services 53 450 19 828 8 806 - 82 084 Account maintenance and payment transactions 71 741 27 336 4 828 - 103 905 Asset management fees 117 673 159 - - 117 832 Foreign exchange commissions 115 053 57 710 79 677 - 252 440 Credit commissions incl. factoring commissions and other 34 735 49 858 22 540 - 107 133 Insurance commissions 64 710 3 585 188 - 68 483 Commissions from brokerage activities 34 530 31 16 151 - 50 712 Credit cards 23 934 - - - 23 934 Card fees (debit cards) 117 611 6 989 615 - 125 215 Off-balance sheet guarantee commissions 1 917 27 028 12 929 - 41 874 Finance lease commissions 2 236 316 18 - 2 570 Issue arrangement fees - 741 2 562 - 3 303 Distribution fees 6 646 - - - 6 646 *Includes individual customers, small companies and Wealth Management (private banking and Erste TFI S.A.).
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 28/63 1.01.2026 - 30.09.2026 Segment Retail Banking* Segment Business and Corporate Banking Segment Corporate& Investment Banking Segment ALM and Centre Total Net interest income 5 963 937 1 594 606 551 189 1 357 795 9 467 527 incl. internal transactions (10 379) (12 574) 28 066 (5 113) - Fee and commission income 1 872 238 564 910 500 238 - 2 937 386 Fee and commission expense (665 562) (33 368) (55 975) - (754 905) Net fee and commission income 1 206 676 531 542 444 263 - 2 182 481 incl. internal transactions 313 873 183 675 (497 548) - - Other income 7 868 53 014 257 187 85 238 403 307 incl. internal transactions 25 094 52 099 (74 739) (2 454) - Dividend income 52 739 - 7 109 - 59 848 Staff costs (1 211 115) (382 646) (202 770) (54 639) (1 851 170) Operating costs (1 109 102) (258 175) (192 368) (562 470) (2 122 115) incl. internal transactions - - - - - Depreciation/amortisation (293 300) (54 906) (30 410) (23 335) (401 951) Impairment losses on loans and advances (246 673) (100 237) (12 151) (8 040) (367 101) Cost of legal risk associated with foreign currency mortgage loans (801 143) - - - (801 143) Share in net profits (loss) of entities accounted for by the equity method 82 539 - - 2 005 84 544 Tax on financial institutions (339 777) (147 414) (111 184) (31 764) (630 139) Profit before tax 3 312 649 1 235 784 710 865 764 790 6 024 088 Corporate income tax (2 260 654) Profit for the period from continuing operations 3 763 434 Profit/(loss) for the period from discontinued operations - Profit for the period 3 763 434 Profit for the period attributable to: - owners of the parent entity 3 691 131 - non-controlling interests 72 303 Profit for the period attributable to owners of the parent entity from: - continuing operations 3 691 131 - discontinued operations - Profit for the period attributable to owners of the parent entity 3 691 131 *Includes individual customers, small companies and Wealth Management (private banking and Erste TFI S.A.). 1.01.2026 - 30.09.2026 Segment Retail Banking* Segment Business and Corporate Banking Segment Corporate & Investment Banking Segment ALM and Centre Total Fee and commission income 1 872 238 564 910 500 238 - 2 937 386 Electronic and payment services 153 647 57 199 25 374 - 236 220 Account maintenance and payment transactions 220 878 81 445 14 258 - 316 581 Asset management fees 326 767 415 4 - 327 186 Foreign exchange commissions 326 199 173 441 226 230 - 725 870 Credit commissions incl. factoring commissions and other 98 610 135 186 109 105 - 342 901 Insurance commissions 185 337 11 037 550 - 196 924 Commissions from brokerage activities 102 388 512 62 470 - 165 370 Credit cards 71 318 - - - 71 318 Card fees (debit cards) 349 300 20 102 1 863 - 371 265 Off-balance sheet guarantee commissions 5 766 80 601 39 467 - 125 834 Finance lease commissions 12 923 2 672 129 - 15 724 Issue arrangement fees - 2 300 20 788 - 23 088 Distribution fees 19 105 - - - 19 105 *Includes individual customers, small companies and Wealth Management (private banking and Erste TFI S.A.).
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 29/63 Consolidated income statement by business segments 1.07.2025-30.09.2025 Segment Retail Banking* Segment Business and Corporate Banking Segment Corporate& Investment Banking Segment ALM and Centre Total Net interest income 2 183 424 620 703 206 977 183 932 3 195 036 incl. internal transactions (1 596) (5 078) 7 977 (1 303) - Fee and commission income 584 385 189 308 131 226 - 904 919 Fee and commission expense (143 654) (18 911) (17 299) - (179 864) Net fee and commission income 440 731 170 397 113 927 - 725 055 incl. internal transactions 104 060 73 731 (177 791) - - Other income (14 539) (4 160) 82 833 10 023 74 157 incl. internal transactions 5 771 (5 245) 478 (1 004) - Dividend income - - 3 350 - 3 350 Staff costs (394 186) (125 621) (63 835) (5 781) (589 423) Operating costs (264 611) (47 721) (59 967) (19 012) (391 311) incl. internal transactions - - - - - Depreciation/amortisation (113 989) (23 099) (13 040) (461) (150 589) Impairment losses on loans and advances (107 936) (73 760) (14 471) (115) (196 282) Cost of legal risk associated with foreign currency mortgage loans (168 492) - - - (168 492) Share in net profits (loss) of entities accounted for by the equity method 28 071 - - (379) 27 692 Tax on financial institutions (114 250) (48 833) (39 785) (7 352) (210 220) Profit before tax 1 474 222 467 906 215 989 160 855 2 318 972 Corporate income tax (486 883) Profit for the period from continuing operations 1 832 089 Profit for the period from discontinued operations 134 620 Profit for the period 1 966 709 Profit for the period attributable to: - owners of the parent entity 1 888 827 - non-controlling interests 77 882 Profit for the period attributable to owners of the parent entity from: - continuing operations 1 812 714 - discontinued operations 76 113 Profit for the period attributable to owners of the parent entity 1 888 827 *Includes individual customers, small companies and Wealth Management (private banking and Erste TFI S.A.). 1.07.2025-30.09.2025 Segment Retail Banking* Segment Business and Corporate Banking Segment Corporate & Investment Banking Segment ALM and Centre Total Fee and commission income 584 385 189 308 131 226 - 904 919 Electronic and payment services 49 371 18 782 8 101 - 76 254 Account maintenance and payment transactions 71 133 26 882 4 987 - 103 002 Asset management fees 89 613 120 - - 89 733 Foreign exchange commissions 105 734 73 109 55 550 - 234 393 Credit commissions incl. factoring commissions and other 31 746 30 235 29 560 - 91 541 Insurance commissions 62 895 4 259 265 - 67 419 Commissions from brokerage activities 26 200 106 15 564 - 41 870 Credit cards 23 714 - - - 23 714 Card fees (debit cards) 110 197 4 965 521 - 115 683 Off-balance sheet guarantee commissions 2 641 29 771 11 501 - 43 913 Finance lease commissions 4 937 993 60 - 5 990 Issue arrangement fees - 86 5 117 - 5 203 Distribution fees 6 204 - - - 6 204 *Includes individual customers, small companies and Wealth Management (private banking and Erste TFI S.A.).
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 30/63 1.01.2025-30.09.2025 Segment Retail Banking* Segment Business and Corporate Banking Segment Corporate& Investment Banking Segment ALM and Centre Total Net interest income 6 495 883 1 842 166 599 242 611 672 9 548 963 incl. internal transactions (3 145) (12 983) 19 962 (3 834) - Fee and commission income 1 699 687 565 928 425 631 - 2 691 246 Fee and commission expense (388 735) (50 660) (55 168) - (494 563) Net fee and commission income 1 310 952 515 268 370 463 - 2 196 683 incl. internal transactions 299 649 190 143 (489 792) - - Other income (19 166) 26 968 233 592 5 227 246 621 incl. internal transactions 16 386 23 805 (37 668) (2 523) - Dividend income 11 267 - 4 597 - 15 864 Staff costs (1 108 478) (364 498) (192 981) (15 620) (1 681 577) Operating costs (1 001 203) (219 531) (213 342) (52 771) (1 486 846) incl. internal transactions - - - - - Depreciation/amortisation (333 234) (66 485) (38 412) (1 301) (439 432) Impairment losses on loans and advances (284 989) (112 813) (40 924) (810) (439 536) Cost of legal risk associated with foreign currency mortgage loans (986 602) - - - (986 602) Share in net profits (loss) of entities accounted for by the equity method 83 543 - - 2 169 85 712 Tax on financial institutions (335 115) (142 754) (115 262) (27 369) (620 500) Profit before tax 3 832 858 1 478 321 606 973 521 197 6 439 349 Corporate income tax (1 495 366) Profit for the period from continuing operations 4 943 983 Profit/(loss) for the period from discontinued operations (129 616) Profit for the period 4 814 367 Profit for the period attributable to: - owners of the parent entity 4 640 421 - non-controlling interests 173 946 Profit for the period attributable to owners of the parent entity from: - continuing operations 4 891 692 - discontinued operations (251 271) Profit for the period attributable to owners of the parent entity 4 640 421 *Includes individual customers, small companies and Wealth Management (private banking and Erste TFI S.A.). 1.01.2025-30.09.2025 Segment Retail Banking* Segment Business and Corporate Banking Segment Corporate & Investment Banking Segment ALM and Centre Total Fee and commission income 1 699 687 565 928 425 631 - 2 691 246 Electronic and payment services 143 534 56 075 24 481 - 224 090 Account maintenance and payment transactions 206 209 83 064 16 437 - 305 710 Asset management fees 250 592 403 - - 250 995 Foreign exchange commissions 304 973 185 935 191 460 - 682 368 Credit commissions incl. factoring commissions and other 94 823 122 028 74 506 - 291 357 Insurance commissions 179 667 12 945 730 - 193 342 Commissions from brokerage activities 83 707 568 60 522 - 144 797 Credit cards 69 751 - - - 69 751 Card fees (debit cards) 329 239 16 039 1 708 - 346 986 Off-balance sheet guarantee commissions 6 812 83 614 34 838 - 125 264 Finance lease commissions 13 690 2 907 161 - 16 758 Issue arrangement fees - 2 350 20 788 - 23 138 Distribution fees 16 690 - - - 16 690 *Includes individual customers, small companies and Wealth Management (private banking and Erste TFI S.A.).
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 31/63 Consolidated statement of financial position by business segments 30.09.2026 Segment Retail Banking* Segment Business and Corporate Banking Segment Corporate& Investment Banking Segment ALM and Centre Total Loans and advances to customers 101 810 945 51 553 099 25 888 520 - 179 252 564 Investments in associates 897 512 - - 54 499 952 011 Other assets 12 040 427 3 331 708 20 951 239 113 560 488 149 883 862 Total assets 114 748 884 54 884 807 46 839 759 113 614 987 330 088 437 Deposits from customers 168 752 266 56 694 561 23 315 205 3 597 679 252 359 711 Other liabilities 3 600 564 916 398 15 652 792 24 489 898 44 659 652 Equity 9 127 758 6 082 512 4 263 950 13 594 854 33 069 074 Total equity and liabilities 181 480 588 63 693 471 43 231 947 41 682 431 330 088 437 *Includes individual customers, small companies and Wealth Management (private banking and Erste TFI S.A.). 31.12.2025 ** Data restated Segment Retail Banking* Segment Business and Corporate Banking Segment Corporate & Investment Banking Segment ALM and Centre Total Loans and advances to customers 96 249 767 46 841 798 21 794 277 - 164 885 842 Investments in associates 938 244 - - 52 494 990 738 Other assets 10 497 680 2 777 752 20 583 331 108 414 734 142 273 497 Total assets 107 685 691 49 619 550 42 377 608 108 467 228 308 150 077 Deposits from customers 158 387 577 55 266 668 13 390 698 3 097 621 230 142 564 Other liabilities 3 526 329 954 845 14 946 295 23 074 818 42 502 287 Equity 9 106 784 5 614 038 3 529 702 17 254 702 35 505 226 Total equity and liabilities 171 020 690 61 835 551 31 866 695 43 427 141 308 150 077 *Includes individual customers, small companies and Wealth Management (private banking and Erste TFI S.A.). **Data restated following changes to the presentation of loans and advances to banks and loans and advances to customers; detai ls are presented in Note 2.5.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 32/63 4. Net interest income Interest income and income similar to interest 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Interest income on financial assets measured at amortised cost 3 686 997 10 525 917 3 655 389 10 981 812 Loans and advances to enterprises 1 079 372 3 083 815 1 115 045 3 403 747 Loans and advances to individuals, of which: 1 463 979 4 222 704 1 579 742 4 822 095 Home mortgage loans 849 916 2 493 771 932 334 2 866 313 Loans and advances to banks 100 794 306 371 193 922 632 095 Loans and advances to public sector 90 132 260 048 28 945 102 367 Reverse repo transactions 126 258 343 275 152 414 486 603 Debt securities 735 563 2 016 393 546 402 1 505 764 Interest recorded on hedging IRS 90 899 293 311 38 919 29 141 Interest income on financial assets measured at fair value through other comprehensive income 356 625 1 079 831 435 917 1 450 316 Loans and advances to enterprises 44 352 121 773 65 645 211 037 Loans and advances to public sector 7 591 21 090 3 704 11 860 Debt securities 304 682 936 968 366 568 1 227 419 Income similar to interest - financial assets measured at fair value through profit or loss 45 668 100 776 16 277 65 850 Loans and advances to individuals 13 24 61 178 Debt securities 45 655 100 752 16 216 65 672 Income similar to interest on finance leases 148 882 446 581 164 357 498 619 Total income 4 238 172 12 153 105 4 271 940 12 996 597 Interest expenses 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Interest expenses on financial liabilities measured at amortised cost (934 940) (2 685 578) (1 076 904) (3 447 634) Liabilities to individuals (275 645) (865 688) (373 851) (1 199 488) Liabilities to enterprises (303 984) (762 299) (307 226) (971 991) Repo transactions (94 839) (266 363) (79 716) (255 216) Liabilities to public sector (62 496) (159 212) (61 305) (254 305) Liabilities to banks (30 643) (73 977) (26 995) (108 806) Lease liability (6 723) (18 428) (4 553) (14 125) Subordinated liabilities and issue of securities (160 610) (539 611) (223 258) (643 703) Total costs (934 940) (2 685 578) (1 076 904) (3 447 634) Net interest income 3 303 232 9 467 527 3 195 036 9 548 963
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 33/63 5. Net fee and commission income Fee and commission income 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Electronic and payment services 82 084 236 220 76 254 224 090 Current accounts and money transfer 103 905 316 581 103 002 305 710 Asset management fees 117 832 327 186 89 733 250 995 Foreign exchange commissions 252 440 725 870 234 393 682 368 Credit commissions incl. factoring commissions and other 107 133 342 901 91 541 291 357 Insurance commissions 68 483 196 924 67 419 193 342 Commissions from brokerage activities 50 712 165 370 41 870 144 797 Credit cards 23 934 71 318 23 714 69 751 Card fees (debit cards) 125 215 371 265 115 683 346 986 Off-balance sheet guarantee commissions 41 874 125 834 43 913 125 264 Finance lease commissions 2 570 15 724 5 990 16 758 Issue arrangement fees 3 303 23 088 5 203 23 138 Distribution fees 6 646 19 105 6 204 16 690 Total 986 131 2 937 386 904 919 2 691 246 Fee and commission expenses 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Electronic and payment services (26 954) (77 193) (23 831) (67 584) Current accounts and money transfer (129 176) (174 972) (2 484) (7 778) Distribution fees (4 635) (12 769) (3 177) (9 027) Commissions from brokerage activities (7 447) (19 191) (4 520) (14 955) Credit cards (5 582) (14 636) (7 681) (12 944) Card fees (debit cards) (55 847) (148 845) (35 634) (110 188) Credit commissions paid (22 090) (57 239) (26 922) (49 928) Other agency fees (30 670) (85 990) (15 735) (47 383) Insurance commissions (2 714) (6 651) (2 321) (7 165) Finance lease commissions (11 039) (33 070) (11 070) (33 306) Asset management fees and other costs (768) (2 033) (652) (2 037) Commissions paid to other banks (3 094) (9 352) (3 345) (8 898) Off-balance sheet guarantee commissions (8 866) (30 917) (17 175) (51 632) Brokerage fees (6 760) (20 331) (5 058) (13 752) Other (27 134) (61 716) (20 259) (57 986) Total (342 776) (754 905) (179 864) (494 563) Net fee and commission income 643 355 2 182 481 725 055 2 196 683
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 34/63 6. Net trading income and revaluation Net trading income and revaluation 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Derivative instruments (17 382) 58 668 5 170 (56 344) Interbank FX transactions and other FX related income (18 835) 45 950 22 980 91 324 Net gains on sale of equity securities measured at fair value through profit or loss 98 594 98 416 (8 332) 70 568 Net gains on sale of debt securities measured at fair value through profit or loss (34) 114 214 37 244 87 310 Change in fair value of loans and advances mandatorily measured at fair value through profit or loss (1) (6) 133 639 Total 62 342 317 242 57 195 193 497 The above amounts included CVA and DVA adjustments in the amount of PLN (1 055) k for 3Q 2026, PLN(157) k for 3Q 2026 and amount of PLN (657) k for 3Q 2025, PLN 8 k for 3Q 2025. 7. Gains (losses) from other financial securities Gains (losses) from other financial securities 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Net gains on sale of debt securities measured at fair value through other comprehensive income 1 280 2 256 9 148 14 799 Net gains on sale of debt securities measured at fair value through profit or loss - 4 (20) (20) Total profit (losses) on financial instruments 1 280 2 260 9 128 14 779 Change in fair value of hedging instruments 27 218 18 759 (16 730) (93 477) Change in fair value of underlying hedged positions (27 353) (21 727) 17 450 89 107 Total profit (losses) on hedging and hedged instruments (135) (2 968) 720 (4 370) Total 1 145 (708) 9 848 10 409 8. Other operating income Other operating income 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Income from services rendered 5 631 15 673 5 171 14 215 Release of provision for legal cases and other assets 13 799 20 136 3 859 9 032 Recovery of other receivables (expired, cancelled and uncollectable) 34 57 6 28 Gain on sales or liquidation of fixed assets, intangible assets and assets for disposal - - (477) 3 975 Received compensations, penalties and fines 788 1 784 864 2 226 Settlements of leasing agreements 731 2 148 709 2 025 Income from claims received from the insurer 1 422 4 413 1 308 3 759 Income from additional charges for leasing contracts 3 102 9 408 3 181 9 641 Income from operating leases 4 883 16 241 6 235 17 564 Other 5 988 26 018 708 1 846 Total 36 378 95 878 21 564 64 311
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 35/63 9. Impairment allowances for expected credit losses Impairment allowances for expected credit losses on loans and advances measured at amortised cost 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Charge for loans and advances to banks 14 (20) (4) (16) Stage 1 14 (20) (4) (16) Stage 2 - - - - Stage 3 - - - - POCI - - - - Charge for loans and advances to customers (118 421) (346 115) (195 465) (450 491) Stage 1 (28 631) (54 644) (185 546) (28 614) Stage 2 (32 885) (148 125) 133 182 (162 523) Stage 3 (81 119) (209 699) (162 806) (325 005) POCI 24 214 66 353 19 705 65 651 Debt collection costs and income from recovered receivables 8 049 3 926 (694) 4 669 Stage 1 - - - - Stage 2 - - - - Stage 3 8 049 3 926 (694) 4 669 POCI - - - - Off-balance sheet credit related facilities (6 733) (24 892) (119) 6 302 Stage 1 (43) (18 405) (9 262) 5 862 Stage 2 (3 128) 1 707 826 4 686 Stage 3 (3 562) (8 194) 8 317 (4 246) POCI - - - - Total (117 091) (367 101) (196 282) (439 536) 10. Employee costs Employee costs 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Salaries and bonuses (548 811) (1 512 220) (486 595) (1 378 580) Salary related costs (93 545) (271 604) (82 547) (245 458) Cost of contributions to Employee Capital Plans (4 850) (13 948) (4 201) (12 002) Staff benefits costs (15 707) (45 087) (13 367) (39 114) Professional trainings (2 769) (7 585) (2 713) (6 093) Retirement fund, holiday provisions and other employee costs - (726) - (330) Total (665 682) (1 851 170) (589 423) (1 681 577)
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 36/63 11. General and administrative expenses General and administrative expenses 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Maintenance of premises (32 915) (106 929) (29 171) (87 884) Cost of short-term lease, low-value assets lease and other payments (2 035) (6 366) (2 132) (6 464) Non-tax deductible VAT - lease (9 200) (28 017) (9 147) (29 007) Marketing and representation (95 832) (246 275) (38 061) (111 317) IT systems costs (157 684) (543 177) (107 010) (364 133) Cost of BFG, KNF and KDPW (14 171) (471 044) (35 402) (370 267) Postal and telecommunication costs (14 877) (47 737) (14 306) (42 647) Consulting and advisory fees (44 819) (125 040) (20 132) (48 688) Cars, transport expenses, carriage of cash (7 869) (25 140) (7 649) (24 040) Other external services (54 181) (198 024) (66 359) (202 582) Stationery, cards, cheques etc. (5 470) (12 723) (3 453) (10 866) Sundry taxes and charges (6 524) (27 530) (5 870) (25 452) Data transmission (21 306) (41 954) (7 039) (20 283) KIR, SWIFT settlements (11 676) (41 621) (11 150) (31 805) Security costs (3 917) (13 064) (4 434) (14 526) Costs of repairs (8 764) (31 477) (2 962) (8 395) Other (7 283) (22 762) (5 175) (19 327) Total (498 523) (1 988 880) (369 452) (1 417 683) In the three quarters of 2026, the Erste Bank Polska S.A. Group included the amount of PLN (375,071) k of integration and rebranding costs in operating expenses, incurred as a result of the acquisition by Erste Group. 12. Other operating expenses Other operating expenses 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Charge of provisions for legal cases and other assets (24 842) (47 943) (9 486) (31 435) Impairment loss on property, plant, equipment, intangible assets covered by financial lease agreements and other fixed assets (1 981) (6 478) - (761) Gain on sales or liquidation of fixed assets, intangible assets and assets for disposal (540) (2 252) - - Costs of purchased services (1 122) (3 390) (487) (1 018) Other membership fees (652) (1 721) (520) (890) Paid compensations, penalties and fines (28) (21 579) (193) (238) Donations paid (119) (7 122) - (3 650) Other (14 696) (42 750) (11 174) (31 172) Total (43 980) (133 235) (21 860) (69 164)
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 37/63 13. Corporate income tax Corporate income tax 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Current tax charge in the income statement (264 521) (1 630 021) (397 672) (1 411 083) Deferred tax charge in the income statement (516 592) (664 857) (89 211) (95 324) Adjustments from previous years for current and deferred tax - 34 224 - 11 041 Total tax on gross profit (781 113) (2 260 654) (486 883) (1 495 366) Corporate total tax charge information 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Profit before tax 2 297 300 6 024 088 2 318 972 6 439 349 Tax rate 30%/19%* 30%/19%* 19% 19% Tax calculated at the tax rate (676 166) (1 767 948) (440 605) (1 223 476) Non-tax-deductible expenses (9 517) (33 170) (4 012) (12 354) Cost of legal risk associated with foreign currency mortgage loans 492 (146 551) 3 491 (102 112) The fee to the Bank Guarantee Fund - (130 782) (4 038) (63 542) Tax on financial institutions (64 143) (189 042) (39 942) (117 895) Non-taxable income 946 17 954 637 3 014 Adjustment of prior years tax - 34 224 - 11 041 Non-tax deductible bad debt provisions (10 395) (20 652) - 18 641 Non-taxable income in respect of investments in associates accounted for using the equity method - 26 449 (3 233) (11 857) Other (22 330) (51 136) 819 3 174 Total tax on gross profit (781 113) (2 260 654) (486 883) (1 495 366) * As of 1 January 2026, the CIT rate for the Bank is 30% (in 2027 and 2028 it will be 26% and 23%, respectively), whereas the CIT rate for subsidiaries at 19%. Deferred tax recognised in other comprehensive income 30.09.2026 31.12.2025 Relating to valuation of debt investments measured at fair value through other comprehensive income 73 994 45 650 Relating to valuation of equity investments measured at fair value through other comprehensive income (108 861) (105 720) Relating to cash flow hedging activity 58 805 (224 669) Relating to valuation of defined benefit plans 1 559 (267) Total 25 497 (285 006) 14. Cash and cash equivalents Cash and cash equivalents 30.09.2026 31.12.2025 Cash and balances with central banks 12 990 237 13 696 120 Loans and advances to banks 2 680 203 2 225 993 Reverse sale and repurchase agreements to banks 10 136 192 8 586 993 Debt securities measured at fair value through other comprehensive income 4 996 635 5 995 633 Total 30 803 267 30 504 739 Erste Bank Polska SA hold an obligatory reserve in a current account in the National Bank of Poland. The figure is calculated at a fixed percentage of minimal statutory reserve of the monthly average balance of the customers’ deposits, which was 3.5% as at 30.09.2026 and 31.12.2025. In accordance with the applicable regulations, the amount of the calculated provision is reduced by the equivalent of EUR 500 k.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 38/63 15. Loans and advances to banks Loans and advances to banks 30.09.2026 31.12.2025* restated Loans and advances 314 377 308 652 Current accounts 23 878 15 177 Gross receivables 338 255 323 829 Allowance for impairment (319) (299) Total 337 936 323 530 *Data restated following changes to the presentation of loans and advances to banks; details are presented in Note 2.5. 16. Financial assets and liabilities held for trading 30.09.2026 31.12.2025 Financial assets and liabilities held for trading Assets Liabilities Assets Liabilities Trading derivatives 6 606 705 6 662 049 10 974 639 11 182 945 Interest rate operations 4 871 233 4 663 647 8 567 071 8 502 690 FX operations 1 735 472 1 998 402 2 407 568 2 680 255 Debt and equity securities 3 193 270 - 4 303 972 - Debt securities 2 639 792 - 3 994 706 - Government securities: 2 166 099 - 3 978 470 - - bills 11 028 - 311 948 - - bonds 2 155 071 - 3 666 522 - Other securities: 473 693 - 16 236 - - bonds 473 693 - 16 236 - Equity securities 553 478 - 309 266 - Short sale - 2 774 446 - 1 180 478 Total 9 799 975 9 436 495 15 278 611 12 363 423 Financial assets and liabilities held for trading - trading derivatives include the change in the value of counterparty risk in the amount of PLN 665 k as at 30.09.2026 and PLN (390) k as at 31.12.2025.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 39/63 17. Loans and advances to customers 30.09.2026 Loans and advances to customers measured at amortised cost measured at fair value through other comprehensive income measured at fair value through profit or loss from finance leases Total Loans and advances to enterprises 80 604 975 2 912 151 - - 83 517 126 Loans and advances to individuals, of which: 84 101 396 - 3 - 84 101 399 Home mortgage loans* 59 409 482 - - - 59 409 482 Finance lease receivables - - - 10 979 919 10 979 919 Loans and advances to public sector 3 881 234 831 627 - - 4 712 861 Other receivables 92 663 1 - - 92 664 Gross receivables 168 680 268 3 743 779 3 10 979 919 183 403 969 Allowance for impairment (3 735 018) (153 222) - (263 165) (4 151 405) Total 164 945 250 3 590 557 3 10 716 754 179 252 564 *Includes changes in gross book value described in note 28 Legal risk connected with CHF mortgage loans. 31.12.2025** restated Loans and advances to customers measured at amortised cost measured at fair value through other comprehensive income measured at fair value through profit or loss from finance leases Total Loans and advances to enterprises 70 968 897 3 069 335 - - 74 038 232 Loans and advances to individuals, of which: 79 743 677 - - - 79 743 677 Home mortgage loans* 56 716 404 - - - 56 716 404 Finance lease receivables - - - 10 989 482 10 989 482 Loans and advances to public sector 3 384 744 805 513 - - 4 190 257 Other receivables 60 939 188 - - 61 127 Gross receivables 154 158 257 3 875 036 - 10 989 482 169 022 775 Allowance for impairment (3 761 631) (151 665) - (223 637) (4 136 933) Total 150 396 626 3 723 371 - 10 765 845 164 885 842 *Includes changes in gross book value described in note 28 Legal risk connected with CHF mortgage loans. **Data restated following changes to the presentation of loans and advances to customers; details are presented in Note 2.5. Impact of the legal risk of mortgage loans in foreign currency Gross carrying amount of mortgage loans in foreign currency before adjustment due to legal risk costs Impact of the legal risk of mortgage loans in foreign currency Gross carrying amount of mortgage loans in foreign currency after adjustment due to legal risk costs* 30.09.2026 Mortgage loans in CHF i PLN, which used to be denominated in or indexed to CHF - adjustment to gross carrying amount 1 916 467 1 881 393 35 074 Provision in respect of legal risk connected with mortgage loans in CHF i PLN, which used to be denominated in or indexed to CHF 2 354 741 Total 4 236 134 31.12.2025 Mortgage loans in CHF i PLN, which used to be denominated in or indexed to CHF - adjustment to gross carrying amount 2 641 967 2 571 589 70 378 Provision in respect of legal risk connected with mortgage loans in CHF i PLN, which used to be denominated in or indexed to CHF 2 194 704 Total 4 766 293 *Includes changes in gross book value described in note 28 Legal risk connected with CHF mortgage loans.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 40/63 Movements on impairment losses on loans and advances to customers measured at amortised cost for reporting period 1.01.2026- 30.09.2026 1.01.2025- 30.09.2025 Balance at the beginning of the period (3 761 603) (5 152 221) Charge/write back of current period (370 312) (438 759) Stage 1 (47 430) (137) Stage 2 (146 865) (141 402) Stage 3 (170 782) (285 993) POCI (5 235) (11 227) Write off/Sale of receivables 337 330 347 851 Stage 1 - - Stage 2 - - Stage 3 337 330 347 851 POCI - - Transfer 71 061 133 292 Stage 1 31 099 50 759 Stage 2 149 042 141 986 Stage 3 (109 020) (59 489) POCI (60) 36 FX differences (11 494) 3 082 Stage 1 (1 612) 446 Stage 2 (2 525) 451 Stage 3 (7 152) 2 171 POCI (205) 14 Transfer to assets classified as held for sale - 1 281 216 Balance at the end of the period (3 735 018) (3 825 539) 18. Investment securities Investment securities 30.09.2026 31.12.2025 Debt investment securities measured at fair value through other comprehensive income 23 664 578 28 689 816 Government securities: 19 012 576 23 536 239 - bills 576 360 4 929 599 - bonds 18 436 216 18 606 640 Other securities: 4 652 002 5 153 577 -bonds 4 652 002 5 153 577 Debt investment securities measured at amortised cost 60 126 912 49 689 035 Government securities: 53 101 967 43 461 932 - bonds 53 101 967 43 461 932 Other securities: 7 024 945 6 227 103 - bonds 7 024 945 6 227 103 Equity investment securities measured at fair value through other comprehensive income 500 488 486 830 - unlisted 500 488 486 830 Total 84 291 978 78 865 681
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 41/63 19. Investments in associates Balance sheet value of associates 30.09.2026 31.12.2025 Polfund - Fundusz Poręczeń Kredytowych S.A. 54 499 52 494 Erste - Allianz Towarzystwo Ubezpieczeń S.A. and Erste - Allianz Towarzystwo Ubezpieczeń na Życie S.A. 897 512 938 244 Total 952 011 990 738 Movements on investments in associates 1.01.2026- 30.09.2026 1.01.2025- 30.09.2025 As at the beginning of the period 990 738 967 209 Share of profits/(losses) 84 544 85 712 Dividends (114 995) (98 113) Other (8 276) 3 914 As at the end of the period 952 011 958 722 20. Deposits from banks Deposits from banks 30.09.2026 31.12.2025 Term deposits 130 764 265 897 Loans received from banks 1 664 055 899 359 Current accounts 1 583 266 1 682 024 Total 3 378 085 2 847 280 Short-term 3 025 912 2 782 280 Long-term (over 1 year) 352 173 65 000 21. Deposits from customers Deposits from customers 30.09.2026 31.12.2025 Deposits from individuals 131 125 225 123 689 332 Term deposits 31 395 006 39 193 260 Current accounts 99 684 809 84 453 810 Other 45 410 42 262 Deposits from enterprises 107 909 506 95 150 034 Term deposits 34 737 137 22 523 898 Current accounts 69 407 897 69 201 426 Loans received from financial institution 254 831 391 248 Other 3 509 641 3 033 462 Deposits from public sector 13 324 980 11 303 198 Term deposits 3 828 590 431 141 Current accounts 9 321 597 10 645 064 Other 174 793 226 993 Total 252 359 711 230 142 564
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 42/63 22. Subordinated liabilities Subordinated liabilities in issue on 30.09.2026 Subordinated liabilities Nominal value Currency Redemption date Book Value (In thousands of PLN) Issue 4 1 000 000 PLN 05.04.2028 1 026 825 Issue 5 300 000 EUR 25.09.2037 1 311 080 Issue 6 300 000 EUR 25.09.2038 1 311 102 Total 3 649 007 Subordinated liabilities in issue on 31.12.2025 Subordinated liabilities Nominal value Currency Redemption date Book Value (In thousands of PLN) Issue 3 137 100 EUR 22.05.2027 587 114 Issue 4 1 000 000 PLN 05.04.2028 1 014 851 Total 1 601 965 Movements in subordinated liabilities 1.01.2026- 30.09.2026 1.01.2025- 30.09.2025 As at the beginning of the period 1 601 965 2 228 898 Increase (due to): 2 679 553 101 557 - drawing of subordinated loan * 2 625 000 - - interest on subordinated loans 51 384 101 557 - FX differences 3 169 - Decrease (due to): (632 511) (188 675) - repayment of subordinated loans ** (586 349) - - interest repayment (46 162) (87 350) - FX differences - (412) - transfer to liabilities associated with assets classified as held for sale - (100 913) As at the end of the period 3 649 007 2 141 780 Short-term 28 687 45 287 Long-term (over 1 year) 3 620 320 2 096 493 * On 25.09.2026 r. the Bank issued subordinated bonds with a total value of EUR 600,000 k. **Pursuant to the terms of the agreement on the subordinated bond issue with a nominal value of EUR 137,100 k, and following the receipt of the KNF's prior approval, on 20 March 2026 the Bank exercised its call option and redeemed the full nominal value of that issue.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 43/63 23. Debt securities in issue Debt securities in issue on 30.09.2026 Name of the entity issuing the securities Type of securities Nominal value Currency Date of issue Redemption date Book Value (In thousands of PLN) Erste Bank Polska S.A. Bonds 368 500 PLN 09.12.2025 06.11.2034 378 680 Erste Bank Polska S.A. Bonds 3 000 000 PLN 01.12.2025 01.12.2028 3 050 538 Erste Bank Polska S.A. Bonds 500 000 EUR 07.10.2025 07.10.2031 2 251 925 Erste Bank Polska S.A. Bonds 315 424* PLN 26.06.2025 08.05.2036 325 186 Erste Bank Polska S.A. Bonds 261 211* PLN 17.12.2024 07.02.2033 268 894 Erste Bank Polska S.A. Bonds 95 899* PLN 26.06.2024 14.02.2034 99 247 Erste Leasing S.A. Bonds 70 000 PLN 09.09.2026 09.09.2027 69 916 Erste Leasing S.A. Bonds 100 000 PLN 26.08.2026 26.08.2027 100 049 Erste Leasing S.A. Bonds 288 027 PLN 24.07.2026 26.07.2027 291 343 Erste Leasing S.A. Bonds 177 000 PLN 07.04.2026 07.04.2027 176 356 Erste Leasing S.A. Bonds 150 000 PLN 19.03.2026 19.03.2027 149 887 Erste Leasing S.A. Bonds 115 000 PLN 19.02.2026 19.02.2027 115 372 Erste Leasing S.A. Bonds 220 000 PLN 18.12.2025 18.12.2026 220 132 Erste Leasing S.A. Bonds 340 000 PLN 23.10.2025 23.10.2026 342 537 Erste Factoring Sp. z o.o. Bonds 250 000 PLN 27.08.2026 27.02.2027 249 642 Erste Factoring Sp. z o.o. Bonds 222 500 PLN 20.08.2026 19.02.2027 222 423 Erste Factoring Sp. z o.o. Bonds 150 000 PLN 27.07.2026 27.01.2027 149 881 Erste Factoring Sp. z o.o. Bonds 200 000 PLN 07.07.2026 07.10.2026 200 422 Erste Factoring Sp. z o.o. Bonds 482 000 PLN 24.06.2026 17.12.2026 481 911 Erste Factoring Sp. z o.o. Bonds 300 973 PLN 24.04.2026 26.10.2026 301 074 Total 9 445 415 *The Bank partially redeems the bonds in proportion to the amortisation of the securitised portfolio to which they are linked.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 44/63 Debt securities in issue on 31.12.2025 Name of the entity issuing the securities Type of securities Nominal value Currency Date of issue Redemption date Book Value (In thousands of PLN) Erste Bank Polska S.A. Bonds 368 500 PLN 09.12.2025 30.09.2034 371 106 Erste Bank Polska S.A. Bonds 3 000 000 PLN 01.12.2025 01.12.2028 3 013 249 Erste Bank Polska S.A. Bonds 500 000 EUR 07.10.2025 07.10.2031 2 123 019 Erste Bank Polska S.A. Bonds 320 000* PLN 26.06.2025 31.03.2036 330 607 Erste Bank Polska S.A. Bonds 394 000* PLN 17.12.2024 07.02.2033 406 455 Erste Bank Polska S.A. Bonds 1 800 000** PLN 30.09.2024 30.09.2027 1 827 426 Erste Bank Polska S.A. Bonds 145 949* PLN 26.06.2024 14.02.2034 151 365 Erste Bank Polska S.A. Bonds 1 900 000*** PLN 02.04.2024 02.04.2027 1 928 801 Erste Leasing S.A. Bonds 220 000 PLN 18.12.2025 18.12.2026 219 557 Erste Leasing S.A. Bonds 340 000 PLN 23.10.2025 23.10.2026 342 047 Erste Leasing S.A. Bonds 600 000 PLN 24.07.2025 24.07.2026 604 104 Erste Leasing S.A. Bonds 240 000 PLN 04.04.2025 04.04.2026 239 661 Erste Leasing S.A. Bonds 100 000 PLN 19.03.2025 19.03.2026 100 068 Erste Factoring Sp. z o.o. Bonds 505 000 PLN 23.12.2025 23.06.2026 504 345 Erste Factoring Sp. z o.o. Bonds 260 000 PLN 11.12.2025 11.03.2026 260 409 Erste Factoring Sp. z o.o. Bonds 200 000 PLN 11.12.2025 11.06.2026 200 133 Erste Factoring Sp. z o.o. Bonds 440 000 PLN 23.10.2025 23.04.2026 439 885 Erste Factoring Sp. z o.o. Bonds 200 000 PLN 13.10.2025 13.01.2026 200 375 Erste Factoring Sp. z o.o. Bonds 100 000 PLN 03.09.2025 03.09.2026 100 087 Erste Factoring Sp. z o.o. Bonds 300 000 PLN 20.08.2025 19.02.2026 300 252 Erste Factoring Sp. z o.o. Bonds 850 000 PLN 19.08.2025 19.02.2026 850 720 Total 14 513 671 *The Bank partially redeems the bonds in proportion to the amortisation of the securitised portfolio to which they are linked. **Pursuant to the terms and conditions of the bond issue and following the receipt of the approval from the Bank Guarantee Fund (BFG), on 30 September 2026 the Bank exercised a call option and redeemed the full nominal value of the issue, i.e. PLN 1,800,000 k. ***Pursuant to the terms and conditions of the bond issue and following the receipt of the approval from the Bank Guarantee Fund (BFG), on 2 April 2026 the Bank exercised a call option and redeemed the full nominal value of the issue, i.e. PLN 1,900,000 k. Movements in debt securities in issue 1.01.2026- 30.09.2026 1.01.2025- 30.09.2025 As at the beginning of the period 14 513 671 11 851 163 Increase (due to): 3 939 909 4 110 739 - debt securities issued * 3 388 027 3 585 000 - interest on debt securities in issue 481 632 517 521 - FX differences 70 250 - - other changes - 8 218 Decrease (due to): (9 008 165) (5 037 952) - debt securities repurchase * (8 564 942) (2 348 117) - interest repayment (441 190) (443 623) - transfer to liabilities associated with assets classified as held for sale - (2 246 212) - other changes (2 033) - As at the end of the period 9 445 415 10 923 950 *Erste Factoring Sp. z o.o. issued debt securities with a nominal value of PLN 882,527 k, with an issue date and redemption date for the period from 1 January 2026 to 30 September 2026.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 45/63 24. Provisions for financial liabilities and guarantees granted Provisions for financial liabilities and guarantees granted 30.09.2026 31.12.2025 Provisions for financial commitments to grant loans and credit lines 66 975 57 988 Provisions for financial guarantees 22 271 19 735 Other provisions 16 563 1 607 Total 105 809 79 330 Change in provisions for financial liabilities and guarantees granted 1.01.2026- 30.09.2026 As at the beginning of the period 79 330 Provision charge 314 201 Write back (289 309) Other changes 1 587 As at the end of the period 105 809 Short-term 54 042 Long-term 51 767 Change in provisions for financial liabilities and guarantees granted 1.01.2025- 30.09.2025 As at the beginning of the period 93 919 Provision charge 290 739 Write back (302 755) Other changes (299) Transfer to liabilities associated with assets classified as held for sale (2 881) As at the end of the period 78 723 Short-term 38 009 Long-term 40 714 25. Other provisions Other provisions 30.09.2026 31.12.2025 Provision for legal risk connected with foreign currency mortgage loans 2 354 741 2 194 704 Provisions for reimbursement of costs related to early repayment of consumer and mortgage loans 14 271 17 131 Provisions for legal claims and other 91 353 90 668 Total 2 460 365 2 302 503 Change in other provisions 1.01.2026 - 30.09.2026 Provision for legal risk connected with foreign currency mortgage loans* Provisions for reimbursement of costs related to early repayment of consumer loans Provisions for legal claims and other Total As at the beginning of the period 2 194 702 17 131 90 670 2 302 503 Provision charge/relase 478 436 - 107 332 585 768 Utilization (329 204) (2 860) (106 649) (438 713) Other changes 10 807 - - 10 807 As at the end of the period 2 354 741 14 271 91 353 2 460 365 *details in Note 28
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 46/63 26. Other liabilities Other liabilities 30.09.2026 31.12.2025 Settlements of stock exchange transactions 61 291 130 027 Interbank 907 824 678 320 Employee provisions 429 080 499 872 Sundry creditors 1 484 589 2 218 313 Liabilities from contracts with customers 157 315 168 127 Public and law settlements 180 959 200 369 Accrued liabilities 710 061 539 116 Liabilities to leasing contractors 101 554 121 058 Other 2 550 3 828 Total 4 035 223 4 559 030 of which financial liabilities * 3 265 319 3 686 834 *Financial liabilities include all items of other liabilities with the exception of employee provisions, public and law settlements, liabilities from contracts with customers and other. Change in employee provisions 1.01.2026 - 30.09.2026 of which: Provisions for retirement allowances As at the beginning of the period 499 872 63 728 Provision charge 336 245 8 417 Utilization (390 400) - Release of provisions (16 637) - As at the end of the period 429 080 72 145 Short-term 356 935 - Long-term 72 145 72 145 Change in employee provisions 1.01.2025 - 30.09.2025 of which: Provisions for retirement allowances As at the beginning of the period 538 861 69 985 Provision charge 284 217 2 649 Utilization (351 349) - Release of provisions (11 067) (7 396) Transfer to liabilities associated with assets classified as held for sale (53 477) (5 903) As at the end of the period 407 185 59 335 Short-term 347 850 - Long-term 59 335 59 335 27. Fair value Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Below is a summary of the book values and fair values of the individual groups of assets and liabilities not carried at fair value in the financial statements.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 47/63 30.09.2026 31.12.2025* ASSETS Book value Fair value Book value Fair value Cash and cash equivalents 30 803 267 30 803 267 30 504 739 30 504 739 Loans and advances to banks 337 936 337 936 323 530 323 530 Loans and advances to customers measured at amortised cost 164 945 250 161 854 539 150 396 626 151 438 600 Buy-sell-back transactions 5 233 156 5 233 156 4 417 364 4 417 364 Debt investment securities measured at amortised cost 60 126 912 59 019 717 49 689 035 50 859 509 LIABILITIES Deposits from banks 3 378 085 3 378 085 2 847 280 2 847 280 Deposits from customers 252 359 711 252 361 916 230 142 564 230 141 945 Sell-buy-back transactions 11 378 965 11 378 965 2 580 543 2 580 543 Subordinated liabilities 3 649 007 3 900 275 1 601 965 1 579 481 Debt securities in issue 9 445 415 9 744 565 14 513 671 14 738 817 *restated, details in note 2.5. Below is a summary of the key methods and assumptions used in the estimation of fair values of the financial instruments shown in the table above. Financial assets and liabilities not carried at fair value in the statement of financial position The Group has financial instruments which in accordance with the IFRS are not carried at fair value in the consolidated financial statements. The fair value of such instruments is measured using the following methods and assumptions. Loans and advances to banks: The fair value of deposits is measured using discounted cash flows at the current money market interest rates for receivables of similar credit risk, maturity and currency. In the case of demand deposits without a fixed maturity date or with maturity up to 6 months, it is assumed that their fair value is not significantly different than their book value. The process of fair value estimation for these instruments is not affected by the long-term nature of the business with depositors. Loans and advances to banks were classified in their entirety as Level 3 of the fair value hierarchy due to application of a measurement model with significant unobservable inputs. Loans and advances to customers : Carried at net value after impairment charges. Fair value is calculated as the discounted value of the expected future cash flows in respect of principal and interest payments. It is assumed that loans and advances will be repaid at their contractual mat urity date, excluding housing loans. Due to the long maturity of this product, a behavioral portfolio depreciation level was assumed in the fair value calculation. The estimated fair value of the loans and advances reflects changes in the credit risk from the moment of sanction (margins) and changes in interest rates. Loans and advances to customers were classified in their entirety as Level 3 of the fair value hierarchy due to application of a measurement model with significant unobservable inputs, i.e. current margins achieved on new credit transactions. Debt investment financial assets measured at amortized cost : fair value estimated based on market quotations. Instruments classified in category I of the fair value hierarchy. Deposits from banks and deposits from customers : Fair value of the deposits with maturity exceeding 6 months was estimated based on the cash flows discounted by the current market rates for the deposits with similar maturity dates. In the case of demand deposits without a fixed maturity date or with maturity up to 6 months, it is assumed that their fair value is not significantly different than their book value. The process of fair value estimation for these instruments is not affected by the long -term nature of the business with depositors. Deposits from banks and deposits from customers were classified in their entirety as Level 3 of the fair value hierarchy due to application of a measurement model with significant unobservable inputs. Debt securities in issue and subordinated liabilities : The Group has made an assumption that fair value of those securities is based on discounted cash flows methods incorporating adequate interest rates. Debt securities in issue and subordinated liabilities were classified in their entirety as Level 3 of the fair value hi erarchy due to application of a measurement model with significant unobservable inputs. For other items of liabilities, not carried at fair value in the financial statements, including: lease liabilities and other liabilities - the fair value does not differ significantly from the presented carrying amounts.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 48/63 Financial assets and liabilities carried at fair value in the statement of financial position As at 30.09.2026 and in the comparable periods the Group made the following classification of its financial instruments measured at fair value in the statement of financial position: Level I (active market quotations): debt, equity and derivative financial instruments which at the balance sheet date were measured using the prices quoted in the active market. The Group allocates to this level fixed -rate State Treasury bonds, treasury bills, shares of listed companies and WIG 20 futures. Level II (the measurement methods based on market-derived parameters): This level includes NBP bills and derivative instruments. Derivative instruments are measured using discounted cash flow models based on the discount curve derived from the inter-bank market. Level III (measurement methods using material non-market parameters): This level includes equity securities that are not quoted in the active market, measured using the expert valuation model; investment certificates measured at the balance sheet date at the price announced by the mutual fund and debt securities. This level includes also part of credit cards portfolio and loans and advances subject to underwriting, i.e. portion of credit exposures that are planned to be sold before maturity for reasons other than increase in credit risk. The objective of using a valuation technique is to determine the fair value, i.e., prices, which were obtained by the sale of an asset in an orderly transaction between market participants carried out under current market conditions between market participants at the measurement date. Level 3: Other valuation techniques. Financial assets and liabilities whose fair value is determined using valuation models for which input data is not based on observable market data (unobservable input data). In this category, the Group classifies financial instruments, which are valued using internal valuation models: LEVEL 3 VALUATION METHOD UNOBSERVABLE INPUT LOANS AND ADVANCES TO CUSTOMERS: credit cards and underwriting loans and advances; Discounted cash flow method Effective margin on loans CORPORATE DEBT SECURITIES Discounted cash flow method Credit spread SHARES IN BIURO INFORMACJI KREDYTOWEJ SA Estimation of the fair value based on the present value of the future discounted dividend income (simplified method) The valuation assumed a payment of 100% of the net result forecasted by the company and the discount estimated at market level. SHARES IN KRAJOWA IZBA ROZLICZENIOWA S.A. Estimation of the fair value based on the present value of the future discounted dividend income (simplified method) The valuation assumed a payment of 80% of the net result forecasted by the company and the discount estimated at market level. SHARES IN POLSKI STANDARD PŁATNOŚCI SP. Z O.O. Estimation of the fair value based on the projected company results and market valuation of similar assets (comparison method) The valuation based on the company's forecasted net financial results and revenues and the median P/E and EV/S multipliers based on the comparative group. SHARES IN SOCIETY FOR WORLDWIDE INTERBANK FINANCIAL TELECOMMUNICATION Estimation of the fair value based on the net assets value of the company and average FX exchange rate The valuation was based on net assets of the company and the Bank's share in the capital (ca0.048%). SHARES IN SYSTEM OCHRONY BANKÓW KOMERCYJNYCH S.A. Estimation of the fair value based on the net assets value of the company The valuations were based on the companies' net assets and the Bank's share in capital at the level of: -for SOBK ca. 12.9% -for DCHRS ca. 1.3%. -for WSSE ca. 0.2%. SHARES IN DOLNOŚLĄSKIE CENTRUM HURTU ROLNO-SPOŻYWCZEGO S.A. SHARES IN WAŁBRZYSKA SPECJALNA STREFA EKONOMICZNA „INVEST-PARK” SP Z O.O. Expert valuations of capital instruments are prepared whenever required, but at least once a year. Valuations are prepared by an employee of the Department of Capital Management and Capital Investments (DZKiIK), and then verified by an employee of the Financial Risk Department (DRF) and finally accepted by a specially appointed team of Directors: Department of Capital Management and Capital Investments (DZKiIK), Financial Risk Department (DRF). ) and the Financial Accounting Area (ORF) (or employees designated by them). The valuation methodology for estimating the value of financial instruments from the DZKiIK portfolio using the expert method is included in the document "Investment strategy of Erste Bank Polska S.A. in capital market instruments. This document is subject to periodic reviews, updated at least once a year and approved by the Management Board and the Supervisory Board of the Bank.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 49/63 Instruments are transferred between levels of the fair value hierarchy based on observability criteria verified at the ends of reporting periods. In the case of risk factors commonly considered observable on the market, the Bank considers information on di rectly concluded transactions on a given market to be the primary criterion of observability, and information on the number and quality of available price quotations is an auxiliary criterion. In the period from January 1 to September 30, 2026 the following transfers of financial instruments between levels of the fair value measurement hierarchy were made: • selected debt instruments were reclassified from Level 3 to Level 2 of the fair value hierarchy. The valuation of these instruments, which had previously been based on a discounted cash flow (DCF) model incorporating significant unobservable inputs, is now based on direct market participant quotations. Compared to prior reporting periods, an improvement in the liquidity of these instruments has been observed. The Group concluded that the key valuation inputs meet the criteria for Level 2 classification under IFRS 13 and that unobservable inputs are no longer significant to the determination of the fair value of these instruments. Consequently, the Group determined that the valuation meets the requirements for classification within Level 2 of the fair value hierarchy in accordance with IFRS 13; • derivatives were transferred from Level 3 to Level 2, which on the date of conclusion, due to the original maturity date and liquidity, are classified at level 3, and for which, as their period to maturity shortens, the liquidity of observable quotations increases and are transferred to level 2 As at 30.09.2026 and in the comparable periods the Group classified its financial instruments to the following fair value levels: 30.09.2026 Level 1 Level 2 Level 3 Total Financial assets Financial assets held for trading 2 732 473 7 062 565 4 937 9 799 975 Hedging derivatives - 1 190 305 - 1 190 305 Loans and advances to customers measured at fair value through other comprehensive income - - 3 590 557 3 590 557 Loans and advances to customers measured at fair value through profit and loss - - 3 3 Debt securities measured at fair value through other comprehensive income 14 316 110 9 348 074 394 23 664 578 Equity securities measured at fair value through other comprehensive income - - 500 488 500 488 Assets pledged as collateral 10 874 250 - - 10 874 250 Total 27 922 833 17 600 944 4 096 379 49 620 156 Financial liabilities Financial liabilities held for trading 2 774 446 6 653 204 8 845 9 436 495 Hedging derivatives - 252 693 - 252 693 Total 2 774 446 6 905 897 8 845 9 689 188 31.12.2025* Level 1 Level 2 Level 3 Total Financial assets Financial assets held for trading 4 299 395 10 965 611 13 605 15 278 611 Hedging derivatives - 2 023 727 - 2 023 727 Loans and advances to customers measured at fair value through other comprehensive income - - 3 723 371 3 723 371 Loans and advances to customers measured at fair value through profit and loss - - - - Debt securities measured at fair value through other comprehensive income 24 283 955 - 4 405 861 28 689 816 Equity securities measured at fair value through other comprehensive income - - 486 830 486 830 Assets pledged as collateral 2 575 358 - - 2 575 358 Total 31 158 708 12 989 338 8 629 667 52 777 713 Financial liabilities Financial liabilities held for trading 1 180 478 11 182 801 144 12 363 423 Hedging derivatives - 192 875 - 192 875 Total 1 180 478 11 375 676 144 12 556 298 *restated, details in note 2.5.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 50/63 The tables below show reconciliation of changes in the balance of financial instruments whose fair value is established by means of the valuation methods using material non-market parameters. Level III 30.09.2026 Financial assets for trading Loans and advances to customers measured at fair value through profit and loss Loans and advances to customers measured at fair value through other comprehensive income Debt securities measured at fair value through other comprehensive income Equity securities measured at fair value through other comprehensive income Financial liabilities held for trading As at the beginning of the period 13 605 - 3 723 371 4 405 861 486 830 144 Profit or losses -recognised in income statement: ---net trading income and revaluation (9 541) 20 - - - 6 887 ---net interest - - 119 088 - - - ---gains/losses from other financial securites - - - (72 902) - - -recognised in equity (OCI) - - - - 13 658 - Purchase/granting 114 257 - 556 711 - - 1 928 Sale (1 013) (2) - - - - Matured - (15) (836 939) - - - Transfers (112 372) - - (4 332 565) - (114) Other (fx differences) - - 28 326 - - - As at the end of the period 4 937 3 3 590 557 394 500 488 8 845 Level III 31.12.2025* Financial assets for trading Loans and advances to customers measured at fair value through profit and loss Loans and advances to customers measured at fair value through other comprehensiv e income Debt securities measured at fair value through profit and loss Debt securities measured at fair value through other comprehensiv e income Equity securities measured at fair value through other comprehensiv e income Equity securities measured at fair value through profit and loss Financial liabilities held for trading As at the beginning of the period 6 190 63 289 4 289 996 1 247 9 648 274 462 317 8 619 1 071 Profit or losses -recognised in income statement: ---net trading income and revaluation 8 913 2 975 - - - - - (1 435) ---net interest - - 228 861 - 188 - - - ---gains/losses from other financial securites - - - - 324 048 - - - -recognised in equity (OCI) - - - - - 24 513 - - Purchase/granting 4 361 645 1 445 863 - - - 534 Sale (5 843) (683) (352 076) - - - - Matured - (4 474) (1 866 588) (5 566 649) - - - Sale of SCB Group - (61 752) (1 247) - - (8 619) - Transfers (16) - - - - - - (26) Other (fx differences) - - (22 685) - - - - - As at the end of the period 13 605 - 3 723 371 - 4 405 861 486 830 - 144 *restated, details in note 2.5.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 51/63 28. Legal risk connected with CHF mortgage loans As at 30 September 2026, the Group had a portfolio of 7.4k CHF -denominated and CHF -indexed loans of PLN 1,688,757k gross before a gross carrying amount adjustment of PLN 1,676,418k reflecting a reduction in contractual cash flows arising from legal risk. The Gr oup also had PLN loans which had previously been denominated in or indexed to CHF. Their total gross amount was PLN 227,710k before a gross carrying amount adjustment of PLN 204,976k reflecting a reduction in contractual cash flows arising from legal risk. There were 34.0k repaid CHF -denominated or CHF-indexed loans exposed to legal risk, and the disbursed amount totalled PLN 4.2bn. The prevailing line of case law in relation to court cases on loans denominated in or indexed to CHF is for courts to render unfair the provisions relating to the indexation or denomination mechanism and the exchange rate clauses referring to the bank’s tables, which in the majority of cases results in the invalidation of the loan agreement. There are still court rulings resulting in the continuation of loan agreements following the removal of certain contractual provisions (and conversion of the loan to PLN) as well as judgments dismissing borrowers’ claims. However, the share of such rulings is limited. Resolutions of the Supreme Court have significantly contributed to the development of the domestic case law. In particular, the resolution of 7 May 2021 (III CZP 6/21) confirmed the independent nature of the parties’ claims resulting from the invalidity of the agreement (the two claims theory). Furthermore, in its resolution of 25 April 2024 (III CZP 25/22), the Supreme Court comprehensively addressed consequences of declaring contractual terms unfair, indicating, among other things, that unfair provisions concerning the determination of exchange rates cannot be replaced with another conversion mechanism and setting out the rules for settlements between the parties following the invalidation of the agreement. The case law is also significantly affected by judgments of the Court of Justice of the European Union (CJEU) concerning the consequences of invalidation of loan agreements, particularly with regard to the limitation of claims, mutual settlements between t he parties, set -off of claims and the permitted scope of claims arising from the invalidity of an agreement. In 2026, the CJEU issued a number of rulings confirming banks’ right to seek repayment of the principal and to set off mutual claims, which is consistent with the Group’s existing litigation practice. On 7 August 2026, the CHF Act entered into force, regulating selected aspects of court proceedings concerning loans denominated in or indexed to CHF. The Act introduced an automatic suspension of the borrower’s repayment obligation for the duration of the court proceedings and an obligation to cease reporting overdue payments arising during the suspension period. The Act also provides for procedural measures intended to streamline the handling and examination of CHF loan cases. Despite the continuing discrepancies regarding certain issues and the pending resolution of further preliminary questions referred to the CJEU, the direction of case law concerning CHF loans is now largely set. The Group monitors developments in domestic and European case law and takes them into account when assessing legal risk and calculating provisions related to the CHF loan portfolio. Given the prevailing ruling practice concerning loans denominated in or indexed to CHF, the Group’s legal risk assessment model assumes a scenario of the loan agreement invalidation. This scenario is reflected in the form of a gross carrying amount adjustment for active exposures and provisions for non-active exposures, respectively. In view of the above, the Group identified the risk that in the case of lawsuits which have already been filed or are predicted to be filed based on applicable models the scheduled cash flows from the portfolio of mortgage loans denominated in and indexed to CHF might not be fully recoverable and/or that a liability might arise, resulting in a future cash outflow. The Group recognises the impact of legal risk associated with foreign currency mortgage loans in line with the requirements arising from: • IFRS 9 Financial Instruments – in the case of active loans and • IAS 37 Provisions, Contingent Liabilities and Contingent Assets – in the case of loans repaid in full or if the gross carrying amount of an active loan is lower than the value of risk. The adjustment to the gross carrying amount (in accordance with IFRS 9) and provisions (in accordance with IAS 37) were estimated taking into account a number of assumptions which significantly influence the estimate reflected in the Group’s financial statements. As at 30 September 2026, there were 11,217 pending lawsuits against the Group over loans indexed to or denominated in a foreign currency, with the disputed amount totalling PLN 4,666,184k. Loans repaid as at the lawsuit date accounted for 30% of all lawsuits. The total number of lawsuits included one class action filed against Erste Bank Polska S.A. under the Class Action Act and relating to 184 CHF-indexed loans with the disputed amount of PLN 50,983k.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 52/63 As at 30 September 2026, the total cumulative impact of legal risk associated with foreign currency mortgage loans recognised in the Group’s balance sheet was PLN 4,236,134k, including: • gross carrying amount adjustment under IFRS 9 at PLN 1,881,393k; • provision under IAS 37 at PLN 2,354,741k. As at 31 December 2025, the total cumulative impact of legal risk associated with foreign currency mortgage loans recognised in the Group’s balance sheet was PLN 4,766,293k, including: • gross carrying amount adjustment under IFRS 9 at PLN 2,571,589k; • provision under IAS 37 at PLN 2,194,704k. The tables below present the total cost of legal risk connected with mortgage loans recognised in the Group’s income statement and statement of financial position, including the cost of settlements discussed in detail in the section below. Cost of legal risk connected with foreign currency mortgage loans 1.07.2026- 30.09.2026 1.01.2026- 30.09.2026 1.07.2025- 30.09.2025 1.01.2025- 30.09.2025 Impact of legal risk connected with foreign currency mortgage loans recognised as a gross carrying amount adjustment 5 197 13 333 (2 121) (20 058) Impact of legal risk connected with foreign currency mortgage loans recognised as provision (11 911) (478 437) (32 172) (576 379) Other costs* (102 549) (336 039) (134 199) (390 165) Total cost of legal risk connected with foreign currency mortgage loans (109 263) (801 143) (168 492) (986 602) Gain (loss) on derecognition of financial instruments measured at amortised cost 11 076 (9 072) (14 450) (21 596) including: settlements made 11 527 (7 855) (14 163) (22 961) Total cost of legal risk connected with foreign currency mortgage loans and settlements made (97 736) (808 998) (182 655) (1 009 563) * Other costs include but are not limited to the costs of court proceedings and costs of enforcement of court judgments. 30.09.2026 31.12.2025 Adjustment to gross carrying amount in respect of legal risk associated with foreign currency mortgage loans 1 881 393 2 571 589 Provision for legal risk associated with foreign currency mortgage loans 2 354 741 2 194 704 Total cumulative impact of legal risk associated with foreign currency mortgage loans 4 236 134 4 766 293 As at 30 September 2026, the total gross carrying amount adjustment and provisions for legal risk and legal provisions (for legal claims and a collective portion) in respect of the CHF loan portfolio were PLN 4,072,780k and accounted for 212.5% of the gross value of the active CHF loan portfolio (before the gross carrying amount adjustment under IFRS 9). As at 31 December 2025, the total gross carrying amount adjustment and provisions for legal risk and legal provisions (for legal claims and a collective portion) in respect of the CHF loan portfolio were PLN 4,680,348k and accounted for 177.2% of the gross value of the active CHF loan portfolio (before the gross carrying amount adjustment under IFRS 9). The model for assessing legal risk of loans denominated in or indexed to CHF is based on historical data, statistical models and expert assessment of factors impacting the number of legal disputes and their resolution. The model also considers scenarios of different court judgments and the assigned likelihoods. The change in the value of the provisions in the reporting period resulted mainly from the update of assumptions for settlement costs in the case of invalidation of loan agreements as well as the number and costs of expected settlements. The Group estimates the likelihood of claims being made in relation to both active and repaid loans, taking into account the number of existing lawsuits and the predicted inflow of new ones. As at 30 September 2026, the Group assumed that lawsuits had been or would be filed in relation to approximately 36% of loans carrying legal risk (41% as at 31 December 2025). These assumptions are sensitive to factors related to the legal and market environment, including in particular the evolving case law, customers’ willingness to make settlements and the rate at which new claims are brought before the courts. When calculating provisions, the Group also considers the expected duration of court proceedings and the likelihood of different court rulings, using statistical analyses, historical data and support of specialised law firms.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 53/63 As at 30 September 2026, 8,269 final and non -appealable judgments were issued in cases against the Group (considering those passed after the CJEU judgment of 3 October 2019), of which 8,059 were unfavourable to the Group, and 210 were entirely or partially favourable to the Group (compared to 6,156 judgments as at 31 December 2025, including 6,023 unfavourable ones and 133 entirely or partially favourable). Settlements The Group actively encourages customers to enter into settlements. As part of the settlement, the loan is converted to PLN and a method is determined to settle the liabilities arising from the loan agreement. Settlement terms are individually negotiated with customers. Settlement proposals are made both to customers who have taken legal action and to customers who have not yet decided to file a lawsuit. It is reflected in the model which is currently used to calculate legal risk provisions, both in terms of the impact of proposed settlements on customers’ willingness to bring the case to court and with respect to the potential outcomes of court proceedings. By 30 September 2026, the Group entered into 14,239 settlements (both pre-court and post-court), of which 577 ones were reached in Q3 2026. The Group uses a settlement scenario which reflects the level of losses for future settlements. The scenario is based on acceptance levels and losses on loans as part of settlement proposals described above. The acceptance level of future settlements is affected by factors such as the interest rate of PLN loans, the CHF/PLN conversion rate, the development of the ruling practice and the duration of proceedings. 29. Discontinued operations In the consolidated data for the comparative period, i.e. Q3 2025, continuing and discontinued operations were disclosed separately. The discontinued operations include the net results of the disposed Santander Consumer Bank Group. SCB Group met the requirements for presentation as discontinued operations. Accordingly, the results of these operations are presented directly in the Group’s income statement as profit after tax, including non -controlling interests attributable to discontinued operations. The sale of shares in Santander Consumer Bank S.A. was completed on 23 December 2025, and on that date the Bank ceased to be a shareholder of Santander Consumer Bank S.A. Detailed information a bout the transaction and its financial impact is presented in Note 48 “Discontinued operations” to the Group’s annual consolidated financial statements. 30. Contingent liabilities Information about pending court and administrative proceedings As at 30.09.2026 the value of all litigation amounts to PLN 9,624,817k. This amount includes PLN 4,175,872k claimed by the Group, PLN 5,344,911k in claims against the Group and PLN 104,034k of the Group’s receivables due to bankruptcy or arrangement cases. As at 30.09.2026 the amount of all court proceedings which had been completed amounted to PLN 1,697,864k. As at 30.09.2026 the provisions for instigated lawsuits recognised in accordance with IAS 37 totalled PLN 1,792,087 k and the adjustment to gross carrying amount under IFRS 9 related to instigated lawsuits totalled PLN 1,754,049 k. In 5,629 cases against Erste Bank Polska SA, where the claim value was high (equal or above PLN 500 k), the total value of provisions for legal claims recognised in accordance with IAS 37 and the adjustment to gross carrying amount under IFRS 9 related to legal claims was PLN 1,568,529k. As at 31.12.2025 the value of all litigation amounts to PLN 10,094,227k. This amount includes PLN 3,972,837 k claimed by the Group, PLN 6,016,354 k in claims against the Group and PLN 105,036 k of the Group’s receivables due to bankruptcy or arrangement cases. As at 31.12.2025 the amount of all court proceedings which had been completed amounted to PLN 1,823,644 k. As at 31.12.2025 the provisions for instigated lawsuits recognised in accordance with IAS 37 totalled PLN 1,580,123k and the adjustment to gross carrying amount under IFRS 9 related to instigated lawsuits totalled PLN 2,321,952k. In 3,474 cases against Erste Bank Polska SA, where the claim value was high (equal or above PLN 500 k), the total value of provisions for legal claims recognised in accordance with IAS 37 and the adjustment to gross carrying amount under IFRS 9 related to legal claims was PLN 1,742,479 k.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 54/63 Court cases over a free credit sanction As at 30 September 2026, there were 4,605 pending lawsuits against the Bank concerning the free credit sanction, with the disputed amount totalling PLN 145,346k. The cases are brought by customers or entities that have purchased customers’ claims. They primarily concern the alleged non -compliance of consumer credit agreements with the Consumer Credit Act. The free credit sanction is the subject of CJEU rulings issued in response to requests for preliminary rulings submitted by Polish courts. On 13 February 2025, the CJEU issued a judgment in case C -472/23 concluding that the assessment of the criteria for applying a free credit sanction must take into account the facts of a case and the nature of a breach. This ruling leaves national courts considerable discretion in examining disputes concerning the free credit sanction. On 9 October 2025, the CJEU issued a judgment in case C-80/24 on assignment agreements. The Court held that, as a rule, consumers’ claims against banks may be assigned. At the same time, it confirmed that national courts may examine the validity of such assignment agreements where the parties to the proceedings raise the relevant objections. On 23 April 2026, the CJEU issued a judgment in Case C-744/24, in which it held that Directive 2008/48 precludes the charging of interest on the portion of the loan amount used to cover non -interest credit costs. This judgment is inconsistent with existing market practice and the interpretation of provisions of the Consumer Credit Act previously adopted in the domestic case law. At the same time, the CJEU did not address the conditions for the application of the free credit sanction in connection with the use of such a lending model. The Bank pursues a consistent policy of protecting its legal and economic interests, actively defending its position in court proceedings. The Bank’s litigation strategy is regularly assessed and adjusted to changes in the legal environment and evolving domestic and European case law, while ensuring a consistent approach to key legal issues arising in disputes concerning the free credit sanction. In line with the strategy, the Bank seeks reimbursement of litigation costs in cases provided for by law. The Bank’s position is supported by domestic case law, as reflected by the predominant share of judgments favourable to the Bank. Proceedings in respect of unauthorised payment transactions These sector -wide proceedings were initiated against the Bank under the decision of the Office of Competition and Consumer Protection (UOKiK) dated 8 July 2022. They concern the alleged breach of the Polish Payment Services Act by the Bank as a result of: 1. failing to refund the amount of the unauthorised payment transaction (or restore the debited payment account to the state in which it would have been if the unauthorised payment transaction had not taken place) by the end of the business day following the day of receipt of the consumer’s report of the u nauthorised payment transaction, even if there were no reasonable or duly documented grounds for suspecting consumer’s fraud and no such suspicion was reported to the law enforcement authorities in writing; 2. providing consumers, in response to their reports of unauthorised payment transactions, with information about the payment service provider’s verification of the correct use of a payment instrument based on personal security credentials, suggesting that th e Bank’s mere demonstration that the disputed payment transactions were correctly authenticated is evidence of authorisation of such transactions and exempts it from an obligation to refund the amount of the unauthorised transaction; and 3. providing consumers, in response to their reports of unauthorised payment transactions, with false information about the authorisation of the disputed transactions, at the same time presenting information indicating that the transactions resulted from consumers’ breach (either deliberate or resulting from gross negligence) of at least one of the obligations referred to in Article 42 of t he Payment Services Act and in the agreement between the consumer and the Bank, which made them liable for the disputed payment transactions The Bank has actively cooperated with the UOKiK and proposed ways to conclude the proceedings in accordance with Article 28 of the Competition and Consumer Protection Act. On 29 July 2025, the Bank received a proposal for a uniform commitment statement, to which it responded on 1 September 2025. A meeting was held on 29 October 2025 between the banks subject to the proceedings and the UOKiK to discuss the scope and content of the uniform commitment statement. On 16 April 2026, the Bank received another version of the proposed commitment decision, to which it responded in May. In September 2026, the Bank submitted to the UOKiK a new proposal for the wording of the commitment decision. The UOKiK has not responded to the Bank’s proposal.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 55/63 On 15 October 2026, the Court of Justice of the European Union (CJEU) passed a judgment in case C -70/25. The judgment was not issued in proceedings involving Erste Bank Polska S.A. but it may influence the development of market practice in cases concerning unauthorised payment transactions. According to the above judgment: “a payment service provider cannot refuse to refund immediately to a payer the amount of an unauthorised payment transaction on the ground that that payer made that transaction possible through gross negligence, in breach of his or her obligations under Article 69 of that directive.” At the same time, the Court emphasised that such interpretation “does not preclude the payment service provider from subsequently claiming from the payer, under the conditions laid down in Article 74(1) of that directive, the reimbursement of the losses relating to unauthorised payment transactions where those losses result from the payer having failed, with gross negligence, to comply with the payer’s obligations under Article 69 of that directive.” Taking into account the regulatory environment, the stage and the ongoing exchange of correspondence regarding the potential conclusion of the proceedings by way of a commitment decision, the Bank did not recognise a provision. The deadline for the conclusion of the proceedings, as indicated by the UOKiK, is 31 December. Modification clauses On 12 October 2026, the President of the Office of Competition and Consumer Protection (UOKiK ) issued a decision declaring the modification clauses used by the Bank in its agreement templates until 2022 to be unfair. The decision: 1. imposes a fine of PLN 80.68m on the Bank; 2. requires the Bank to individually inform consumers of the decision; and 3. requires the Bank to publish a notice regarding the decision on its website, mobile app, internet banking platform and Facebook and Instagram profiles. The proceedings were initiated in 2018. During the proceedings, the Bank closely cooperated with the President of UOKiK, submitting proposals concerning new wording of the modification clauses. Irrespective of its assessment of the decision, already in 2022 the Bank amended the wording of the clauses questioned by UOKiK in its agreement templates and product regulations and discontinued their use in agreements entered into with consumers. The UOKiK decision is not final and the Bank has the right to appeal to the Court of Competition and Consumer Protection. Any decision regarding an appeal will be made following a detailed review of the decision and its grounds. Off-balance sheet liabilities The value of contingent liabilities and off-balance sheet transactions are presented below. The value of liabilities granted and provision for off-balance sheet liabilities are presented also presented by categories. The values of guarantees and letters of credit as set out in the table below represent the maximum possible loss that would be disclosed as at the balance sheet day if the customers did not meet any of their obligations towards third parties. 30.09.2026 Contingent liabilities Stage 1 Stage 2 Stage 3 Total Liabilities granted 72 437 809 2 530 147 123 052 75 091 008 - financial 55 046 324 1 854 106 147 241 57 047 671 - credit lines 50 770 812 1 611 584 61 495 52 443 891 - credit cards debits 3 648 168 230 228 7 603 3 885 999 - import letters of credit 625 474 12 294 78 143 715 911 - term deposits with future commencement term 1 870 - - 1 870 - guarantees 17 425 410 691 353 32 383 18 149 146 Provision for off-balance sheet liabilities (33 925) (15 312) (56 572) (105 809) Liabilities received 85 148 034 - financial 1 950 - guarantees 85 146 084 Total 72 437 809 2 530 147 123 052 160 239 042
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 56/63 31.12.2025 Contingent liabilities Stage 1 Stage 2 Stage 3 Total Liabilities granted 69 546 555 2 060 363 85 958 71 692 876 - financial 53 655 524 1 626 469 86 146 55 368 139 - credit lines 49 816 727 1 259 288 78 893 51 154 908 - credit cards debits 3 369 279 282 933 7 253 3 659 465 - import letters of credit 468 808 84 248 - 553 056 - term deposits with future commencement term 710 - - 710 - guarantees 15 929 558 450 434 24 075 16 404 067 Provision for financial liabilities and guarantees granted (38 527) (16 540) (24 263) (79 330) Liabilities received 89 369 278 - financial 7 566 - guarantees 89 361 712 Total 69 546 555 2 060 363 85 958 161 062 154 31. Shareholders with min. 5% voting power Shareholder Number of shares held % in the share capital Number of votes at AGM Voting power at AGM 30.10.2026 30.07.2026 30.10.2026 30.07.2026 30.10.2026 30.07.2026 30.10.2026 30.07.2026 Erste Group Bank AG. 50 072 763 50 072 763 49,00% 49,00% 50 072 763 50 072 763 49,00% 49,00% Banco Santander S.A. 9 911 385 9 911 385 9,70% 9,70% 9 911 385 9 911 385 9,70% 9,70% Allianz Polska Otwarty Fundusz Emerytalny 5 344 402 5 344 402 5,23% 5,23% 5 344 402 5 344 402 5,23% 5,23% Nationale-Nederlanden OFE* 5 123 581 5 123 581 5,01% 5,01% 5 123 581 5 123 581 5,01% 5,01% Other 31 737 183 31 737 183 31,06% 31,06% 31 737 183 31 737 183 31,06% 31,06% Total 102 189 314 102 189 314 100,00% 100,00% 102 189 314 102 189 314 100,00% 100,00% *Nationale-Nederlanden OFE is managed by Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. According to the information held by the Bank’s Management Board, the shareholders with a min. 5% of the total numer of votes at the Erste Bank Polska General Meeting as at the publication date of the condensed interim consolidated report for 3Q 2026 /30.10.2026/ are Erste Group Bank AG, Banco Santander SA and Allianz Polska Otwarty Fundusz Emerytalny and Nationale-Nederlanden Otwarty Fundusz Emerytalny funds (managed by Nationale -Nederlanden Powszechne Towarzystwo Emerytalne S.A.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 57/63 32. Related parties The tables below present transactions with related parties. They are effected between associates and related entities. Transactions between Erste Bank Polska Group companies and its related entities are banking operations carried out on an arm’s length b usiness as part of their ordinary business and mainly represent loans, bank accounts, deposits, guarantees and leases. Intercompany transactions effected within the Group by the Bank and its subsidiaries have been eliminated from the consolidated financial statements . In the case of internal Group transactions, a documentation is prepared in accordance with requirements of tax regulations for transfer pricing. Transactions with associates 30.09.2026 31.12.2025 Assets 52 53 Other assets 52 53 Liabilities 30 063 29 241 Deposits from customers 30 009 29 191 Other liabilities 54 50 Transactions with associates 1.01.2026- 30.09.2026 1.01.2025- 30.09.2025 Income 78 595 83 928 Interest income 30 - Fee and commission income 78 475 83 928 Other operating income 90 - Expenses 431 966 Interest expense 431 966 As at 31 December 2025, the immediate and ultimate parent of Santander Bank Polska S.A. was Banco Santander S.A., headquartered in Spain. As at 30.09.2026, the parent entity is Erste Group Bank AG headquartered in Austria. with the parent company with other entities Transactions with Erste Group 30.09.2026 30.09.2026 Assets 2 351 239 3 104 Cash and cash equivalents 238 240 2 864 Loans and advances to banks, incl: 26 4 Current accounts 26 4 Financial assets held for trading 10 993 - Loans and advances to customers - 236 Reverse sale and repurchase agreements 2 100 970 - Other assets 1 010 - Liabilities 2 789 678 78 112 Deposits from banks incl.: 112 227 - Current accounts and advances 62 - Loans from other banks 112 165 - Financial liabilities held for trading 26 376 - Deposits from customers - 8 550 Subordinated liabilities 2 622 181 - Other liabilities 28 894 69 562 Contingent liabilities 140 077 86 344 Sanctioned: 62 715 43 890 financial - 236 guarantees 62 715 43 654 Received: 77 362 42 454 guarantees 77 362 42 454
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 58/63 with the parent company with the parent entities Transactions with Santander Group 31.12.2025 Assets 10 179 929 2 692 Cash and cash equivalents 1 151 580 1 799 Financial assets held for trading 9 015 697 - Loans and advances to customers - 893 Other assets 12 652 - Liabilities 9 651 699 317 548 Deposits from banks incl.: 919 042 12 871 Current accounts and advances 513 456 12 871 Loans from other banks 405 586 - Financial liabilities held for trading 8 714 829 - Deposits from customers - 198 238 Lease liabilities - 25 Debt securities in issue (2 821) - Other liabilities 20 649 106 414 Contingent liabilities 6 245 688 23 435 Sanctioned: 1 163 389 8 006 financial - 273 guarantees 1 163 389 7 733 Received: 5 082 299 15 429 guarantees 5 082 299 15 429 with the parent company with other entities with the parent company with other entities Erste Group Santander Group Transactions with Erste / Santander Group* 9.01.2026-30.09.2026 1.01.2026-8.01.2026 Income 76 677 84 67 882 - Interest income 32 959 - 2 053 - Fee and commission income 7 267 84 418 - Net trading income and revaluation 36 451 - 65 411 - Expenses 34 338 80 524 464 11 Interest expense 5 390 - 298 - Fee and commission expense - - 110 - Operating expenses incl.: 28 948 80 524 56 11 Staff, Operating expenses and management costs 28 948 80 524 - 11 Other operating expenses - - 56 - *On January 9, 2026, Bank received notification from Erste Group Bank AG regarding the acquisition of shares representing 49% of the total number of votes in the Bank from Banco Santander, S.A.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 59/63 with the parent company with other entities Transactions with Santander Group 1.01.2025-30.09.2025 Income 118 057 2 941 Interest income 111 526 454 Fee and commission income 6 531 70 Other operating income - 1 648 Net trading income and revaluation - 769 Expenses 782 278 226 508 Interest expense 57 204 20 498 Fee and commission expense 22 916 279 Net trading income and revaluation 654 344 - Operating expenses incl.: 47 814 205 731 Staff, Operating expenses and management costs 47 783 205 559 Other operating expenses 31 172 33. Changes in the business or economic circumstances that affect the fair value of the entity’s financial assets and financial liabilities, whether those assets or liabilities are recognized at fair value or amortised costs There were no changes in the business or economic circumstances that would affect the fair value of the entity's financial assets or financial liabilities, whether these assets or liabilities were recognised at fair value or amortised cost. Details in Note 29. 34. Any loan default or breach of a loan agreement that has not been remedied on or before the end of the reporting period No such events took place in the reporting period and the comparable period. 35. Character and amounts of items which are extraordinary due to their nature, volume or occurrence No such events took place in the reporting period and the comparable period. 36. Information concerning issuing loan and guarantees by an issuer or its subsidiary As at 30.09.2026 and 31.12.2025 Erste Bank Polska and its subsidiaries had not issued any guarantees to one business unit or a subsidiary totalling a minimum of 10% of the issuer’s equity. 37. Creation and reversal of impairment charges for financial assets, tangible fixed assets, intangible fixed assets and other assets Details in Notes 8 and 12.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 60/63 38. Material purchases or sales of tangible fixed assets and material obligations arising from the purchase of tangible fixed assets As at 3 0.09.2026 and 31.12.2025 or Erste Bank Polska S.A. or its subsidiaries have not made significant sales and purchases of property, plant and equipment. There were no significant liabilities arising from purchase of fixed assets either. 39. Acquisitions and disposals of investments in subsidiaries and associates The liquidation of the company SPV XX04062025 Sp. z o.o. w likwidacji On 27 June 2025, the Extraordinary General Meeting of Erste Inwestycje Sp. z o.o. decided to start the liquidation of the company on 1 July 2025, appoint a liquidator and change the company’s name to SPV XX04062025 Sp. z o.o. w likwidacji. On 12 May 2026, the company was struck off the National Court Register (effective as of 21 May 2026). Loss on company liquidation was PLN 33k. 40. Share based incentive scheme Erste Bank Polska S.A. established in 2022 Incentive Plan VII (“Plan”), which is addressed to the employees of the Bank and its subsidiaries who significantly contribute to growth in the value of the organisation. The participants who satisfy the conditions stipulated in the Participation Agreement and the Resolution confirming the delivery of objectives will be entitled to an award which is variable remuneration in the form of the Bank’s shares classified as an equ ity-settled share-based payment transaction under IFRS 2 Share-based Payment. To that end, the Bank will buy back up to 2,331,000 shares from 1 January 2023 until 31 December 2033, i.e.: a) not more than 207,000 shares of Bank with the maximum value of PLN 55.3m in 2023; b) not more than 271,000 shares of Bank with the maximum value of PLN 72.4m in 2024; c) not more than 326,000 shares of Bank with the maximum value of PLN 87.0m in 2025; d) not more than 390,000 shares of Bank with the maximum value of PLN 104.1m in 2026; e) not more than 826,000 shares of Bank with the maximum value of PLN 220.5m in 2027; f) not more than 145,000 shares of Bank with the maximum value of PLN 38.7m in 2028; g) not more than 47,000 shares of Bank with the maximum value of PLN 12.5m in 2029; h) not more than 42,000 shares of Bank with the maximum value of PLN 11.2m in 2030; i) not more than 35,000 shares of Bank with the maximum value of PLN 9.3m in 2031; j) not more than 27,000 shares of Bank with the maximum value of PLN 7.2m in 2032; k) not more than 15,000 shares of Bank with the maximum value of PLN 4.0m in 2033. The Bank’s Management Board will buy back the shares to execute Incentive Plan based on the authorisation granted by the General Meeting in a separate resolution. If it is not possible to buy back the shares (e.g. illiquidity of the shares on the Warsaw St ock Exchange, share prices going beyond the thresholds defined by the General Meeting, lack of the General Meeting’s authorisation for the Management Board to buy back shares in a given year of Incentive Plan VII or lack of the General Meeting’s decision to create a capital reserve for share buyback in a given year) in the number corresponding to the value of the awards granted, Bank will reduce pro -rata the number of shares granted to the participant. The difference between the value of the awards granted and the value of the shares transferred by the Bank to the participants as part of the award will be paid out as a cash equivalent. On 15 April 2025, t he Annual General Meeting of Erste Bank Polska S.A. authorised the Bank’s Management Board to buy back the Bank’s fully covered own shares in 2026. The total amount that the Bank could spend on the buyback of own shares in 2026, including the cost of the buyback, is PLN 104,130k. The Annual General Meeting set up the capital reserve for the repurchase of own shares. For the purpose of the Plan, in 2026 Erste Bank Polska S.A. bought back 167,192 shares (of 390,000 shares eligible for buyback) with the value of PLN 95,459,325 (from PLN 104,1 30k worth of capital reserve allocated to the delivery in 2026). The average buyback price per share in 2026 was PLN 571,11.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 61/63 The Plan covers the period of five years (2022 –2026). However, as the payment of variable remuneration is deferred, the share buyback and allocation will be completed by 2033. On March 17, 2026, the Bank's Management Board completed the purchase of the Bank's own shares in 2026 for Program participants for the award for 2025 and part of the award for 2022-2024 which were subject to deferral. At the same time, an order was issued to transfer the above-mentioned shares to the brokerage accounts of eligible program participants. After settling all instructions, the Bank has no treasury shares. In 2026, the total amount recognised in line with IFRS 2 in the Group’s equity was PLN 56,350k. The amount of PLN 56,257k was included in staff expenses for 2026. The latter comprises expenses incurred in 2026 and part of the costs attributable to subsequent years of the Incentive Plan as the award will be vested in stages. In 3Q 2026, PLN 95,459k worth of shares were transferred to employees. In 2025, the total amount recognised in line with IFRS 2 in the Group’s equity was PLN 58,210k. The amount of PLN 58,216k was included in staff expenses for 2025. The latter comprises expenses incurred in 2025 and part of the costs attributable to subsequent years of the Incentive Plan as th e award will be vested in stages. In 3Q 2025, PLN 82,367k worth of shares were transferred to employees. 41. Dividend per share Resolution on dividend payment Pursuant to the resolution of the Bank’s Annual General Meeting of 15 April 2026, PLN 5,030,603,480.88 was allocated for dividend payment to shareholders from the Bank's net profit for 2025 and PLN 76,818,432.84 out of the Dividend Reserve created by force of resolution no. 6 of the Annual General Meeting of 22 March 2021 on profit distribution and creation of capital reserve. Total amount allocated for Dividend was PLN 5,107,421,913.72. 102,189,314 series A, B, C, D, E, F, G, H, I, J, K, L, M, N and O shares give entitlement to the Dividend. Dividend per one: A, B, C, D, E, F, G, H, I, J, K, L, M, N and O series share was PLN 49.98. The Dividend record day was 13 May 2026 and the Dividend paid out on 20 May 2026. 42. Events which occurred subsequently to the end of the reporting period Information on the completion of the transaction involving the disposal by Erste Bank Polska S.A. of one share in Erste Towarzystwo Funduszy Inwestycyjnych S.A. The Management Board of Erste Bank Polska S.A. informed that on 15 October 2026 it sold one share in Erste Towarzystwo Funduszy Inwestycyjnych S.A. ("Erste TFI S.A.") to Erste Asset Management GmbH, with its registered seat in Vienna, for a price of EUR 2,924 . As a result of the transaction, the Bank holds 67,499 shares in Erste TFI S.A., representing approximately 49.999% of the shares in its share capital and carrying approximately 49.999% of the total voting rights at the General Meeting of Erste TFI S.A. The final one -off impact, affecting only the consolidated net profit of the Bank's Group, will be recognized in the consolidated income statement on the basis of updated balance sheet data as of 31 October 2026. As a result of the transaction, Erste TFI S.A. lost its status as a Bank's subsidiary and will no longer be consolidated in the Bank's consolidated financial statements using the full consolidation method. Instead, it will be accounted for as an associate using the equity method. The operations of Erste TFI S.A. do not represent a separate major business line of the Group or a separate geographical area of operations. The planned actions and the resulting loss of control over Erste TFI S.A. do not mean that the Bank will cease to cooperate with the company in terms of investment fund distribution and asset management. This activity will remain an integral part of the Bank’s customer offering. The above actions are a part of an intragroup reorganisation process intended to accelerate growth and optimise the operations of Erste TFI S.A.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 in thousands of PLN 62/63 Decision of the Financial Stability Committee on the issuance of an opinion on the level of the buffer for another systemically important institution imposed on Erste Bank Polska S.A. The Management Board of Erste Bank Polska S.A. informed on 5th October 2026, it received a decision of the Financial Stability Committee (the "FSC") dated 30 September 2026, issued upon the request of the Polish Financial Supervision Authority concerning the expression of an opinion by the FSC on the amount of the other systemically important institution buffer imposed on the Bank. In the issued decision, pursuant to Article 46 paragraphs 2 and 3 in conjunction with Article 5 of the Act of 5 August 2015 on macroprudential supervision of the financial system and crisis management in the financial system, and Article 106 of the Act - Code of Administrative Procedure, the FSC expressed a positive opinion on setting the other systemically important institution buffer for the Bank at the level of 1.00% of the total risk exposure amount, calculated in accordance with Article 92 paragraph 3 of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and amending Regulation (EU) No 648/2012, as amended.
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF ERSTE BANK POLSKA GROUP FOR 9-MONTH PERIOD ENDED 30 SEPTEMBER 2026 Signatures of the persons representing the entity Date Name Function Signature 29.10.2026 Michał Gajewski President The original Polish document is signed with a qualified electronic signature 29.10.2026 Lech Gałkowski Vice-President The original Polish document is signed with a qualified electronic signature 29.10.2026 Artur Głembocki Vice-President The original Polish document is signed with a qualified electronic signature 29.10.2026 Magdalena Proga-Stępień Vice-President The original Polish document is signed with a qualified electronic signature 29.10.2026 Maciej Reluga Vice-President The original Polish document is signed with a qualified electronic signature 29.10.2026 Paweł Bartusch Member The original Polish document is signed with a qualified electronic signature 29.10.2026 Bernhard Leder Member The original Polish document is signed with a qualified electronic signature Signature of a person who is responsible for maintaining the accounting records Date Name Function Signature 29.10.2026 Anna Żmuda Financial Accounting Area Director The original Polish document is signed with a qualified electronic signature