piraeus financial holdings

Q1.2022 Financial Performance at a Glance

#1 Bank in Greece in terms of market share in loans, deposits, footprint
5.7mn Customers in Greece
16.2% Total capital ratio
211% Liquidity coverage ratio
64% Loan-to-deposit ratio
€286mn Net interest income, while excluding income from NPEs at €246mn, +11% yoy
114€mn Net fee income (incl. Rental Income) +37% yoy
€199mn Operating expenses (recurring) -6% yoy
50% Cost-to-income ratio, broadly stable, despite the loss of NPE accruals
80bps Cost of risk, compared to 1.6% in Q1.21
€93mn Core operating profit, excluding one-off items, trading & other income and NPE clean-up costs
6% Return on tangible book value, affirming our full year 2022 guidance
€1.7bn New loan disbursements
-€0.2bn NPE reduction in Q1.22
13% NPE ratio