Results and presentations

6M RESULTS BACK TO PRE-COVID LEVELS
€1.3BN REVENUES - €0.4BN NET PROFIT - ROTE @10%

Strong business recovery confirmed by all business segments, 2nd lockdown impact smoothed
Robust trend in core revenues, up to €1,301m, due to effective business diversification
WM at € 302m up 6% HoH, on solid AUM trend and improving margins
CIB at €364m, up 50% HoH delivering the best semester ever on strong recovery in deal execution
Consumer Banking at €515m, down 4% HoH but temporarily due to 1st lockdown impact on new business
Record level in fees, (up 17% YoY at €383m in 6m) driven by IB and WM

Solid asset quality trend: CoR down to 50 bps with coverage ratios up in all categories
Positive exit from moratoria and prudential extra provisioning

Core Tier 1 at 16.2%1 with 70% dividend payout2 accrued
Significant non-financial ESG achievements

Strong performance also in 2Q
Net profit at €211m (up 5% QoQ), ROTE 10%

Revenues up 8% QoQ to €675m, driven by NII and fees
Strong new business in all segment, in Consumer new loans flat QoQ at €1.5bn despite lockdown
CIB delivered strong revenues (at €182m), solid trend in WM (up 7% to €156m), Consumer Banking resilient (at €256m)
Cost of risk reduced to 39 bps (61 bps in 1Q), with writebacks offsetting extra provisioning