National Bank of Greece (ETE) investor relations material

Executive summary

• 9M26 profit after tax before one-offs was €996m; EPS was €1.48 and ROTE 15.7%, with results on track to exceed several FY26 guidance metrics.

• Core income rose 6% YoY, led by NII and fee growth; Q3 NII increased 6% QoQ as NIM reached 288bps.

• Performing loans grew 13% YoY to €39.2b; NPE ratio was 2.4% and CET1 was 17.5% after payout accruals.

Financial highlights

• 9M26 NII rose 5% YoY and net fee income rose 10%; core income reached €2,054m, up 6%.

• 9M26 total income was €2,151m, up 3%; operating profit was €1,283m, up 1%, and operating expenses rose 8% to €741m.

• 9M26 profit after tax before one-offs was €996m; attributable profit before one-offs was €888m and EPS was €1.48. Reported attributable profit was €888m and EPS was €0.97.

• Q3 PAT was €335m, up 6% QoQ; operating profit rose 6% QoQ to €440m.

• Reported 9M credit provisions were €120m versus €46m a year earlier; other impairment charges were €46m versus €21m.

Outlook and guidance

• Management expected to exceed FY26 guidance for NII growth, fee growth, cost-to-income, EPS and ROTE; CoR, NIM and operating expense growth were within guidance.

• FY26 performing-loan growth was expected to exceed €3b, supported by ~€2.5b of approved, undisbursed corporate credit and faster Q4 production.

• Higher rates, lagged asset repricing and credit growth supported expected Q4 NII momentum; 9M fee growth of 10% exceeded high-single-digit guidance.

• Allianz distribution was planned for January 2027; the Dromeus real-estate partnership was targeted for signing by year-end 2026 and closing in early 2027.