Financial Data and Key Metrics Changes - Piraeus Group achieved a return on tangible equity of 7% in 2021, with a target of over 5% for 2022 [5][20] - The NPE (Non-Performing Exposure) ratio decreased significantly to 12.5% from 22.5 billion euros in December 2020 to 4.9 billion euros in December 2021 [6][11] - Cost-to-income ratio improved to 46%, with a cost of risk landing at 74 basis points over net loans in 2021, reaching an all-time low of 53 basis points in Q4 2021 [7][11] Business Line Data and Key Metrics Changes - New loan generation reached 6.5 billion euros in 2021, surpassing the target of 5.7 billion euros, with Q4 disbursements exceeding 2 billion euros [9] - Net fees increased by 25% year-on-year, reaching almost 400 million euros, marking a record high for Piraeus Bank [9] - Client assets under management rose by approximately 7 billion euros to a historic high of 59 billion euros [9] Market Data and Key Metrics Changes - The Greek economy showed strong recovery in 2021, with real GDP returning to pre-COVID levels and positive employment trends [3] - The company has minimal exposure to Ukraine, with net asset value related to Ukraine operations at approximately 22 million euros [4] Company Strategy and Development Direction - Piraeus Group is focused on achieving a single-digit NPE ratio by 2022 and has made significant progress in its NPE cleanup plan [10][11] - The company aims to strengthen its core business, particularly in sectors like energy, manufacturing, and hospitality [15] - A new business plan for 2025 is in preparation, with a focus on maintaining a capital ratio around 16% [17][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in addressing current challenges, including inflation and geopolitical tensions, while maintaining growth projections for 2022 [5][25] - The company anticipates a net credit growth of approximately 1.3 billion euros for 2022, with strong disbursement momentum [32][38] Other Important Information - The company has completed over 95% of its cleanup and capital enhancement actions as part of its business plan [10] - The NPE securitization and sales efforts resulted in a significant reduction of NPEs within a year [11] Q&A Session Summary Question: Potential headwinds for the business plan - Management acknowledged the early assessment of inflation impacts and projected a growth estimate of 3% to 4% for Greece in 2022 [25] Question: NPE reduction and write-offs - The NPE reduction in Q4 was a catch-up effect, with write-offs aligning with planned projections [27] Question: Loan growth and seasonality - Q4 loan disbursements were strong and aligned with the plan, with expectations for net credit growth of 1.3 billion euros in 2022 [32] Question: Future asset quality trends - No significant warning signs were observed in asset quality, with a clean path for further derisking [39] Question: Tax expense and one-off in OpEx - The tax charge was affected by a DTA impairment, while operational expenses were managed effectively [40][41] Question: Capital and issuance plans - The CET1 ratio is expected to remain above 10% by year-end, with plans for a 1 billion euro issuance in the second half of the year [48][50]

Piraeus Financial Holdings S.A. (OTCPK:BPIRY) Q3 2021 Results Conference Call November 19, 2021 7:00 AM ET Company Participants Christos Megalou - CEO Theodore Gnardellis - CFO Conference Call Participants Sevim Mehmet - JP Morgan Jonas Floriani - Axia Ventures Corinne Cunningham - Autonomous Research Kostantinos Manolopoulos - Optima bank Osman Memisoglu - Ambrosia Capital David Daniel - Autonomous Research Operator Ladies and gentlemen, thank you for standing by. I am Constantino, your chorus call operato ...

Financial Data and Key Metrics Changes - The recurring pretax profit was EUR 358 million in the first half of 2021, indicating strong core franchise strength [8] - The NPE ratio fell to 23%, halving compared to six months ago, showcasing significant progress in derisking efforts [7] - The cost-to-income ratio improved to 41% in the first half of 2021 from 47% in 2020, reflecting enhanced operational efficiency [7] - The total capital ratio stood at 16%, with a fully loaded ratio of 14%, providing necessary buffers for strategic plans [8] Business Line Data and Key Metrics Changes - New loan generation reached EUR 3.4 billion in the first half of 2021, ahead of the full-year target of EUR 5.7 billion [9] - Client assets under management increased by EUR 2.2 billion, with mutual funds under management reaching EUR 3 billion by the end of June [9] - Core pre-provision income was strong at EUR 282 million in Q2 2021, a 27% increase year-on-year [10] Market Data and Key Metrics Changes - The Greek GDP grew by 4.4% quarter-on-quarter in Q1 2021, exceeding expectations, while economic sentiment reached a 12-month high in July [4] - Real estate prices remained resilient, with expectations for further recovery driven by domestic demand and improved tourism [5] - Increased appetite for Greek assets was noted, particularly in manufacturing and services sectors, indicating positive investor sentiment [5] Company Strategy and Development Direction - The company is focused on a transformation program with nearly 300 projects aimed at simplification, digitization, revenue growth, and client centricity [22] - The Sunrise plan is a key component of the strategy, with 80% implementation achieved in less than six months [11] - The company aims to achieve a single-digit NPE ratio by early 2022, with additional NPE disposals planned [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving yearly targets, with expectations for a faster recovery in the second half of 2021 and further acceleration in 2022 [19] - The company highlighted strong demand for credit across various sectors, with a particular focus on corporate and SME lending [40] - Management noted that the ongoing dialogue with clients regarding RRF-related projects is promising, with expectations for significant lending in the upcoming quarters [41] Other Important Information - The company announced plans to acquire new office space in Hellinikon, which will serve as the new headquarters, expected to yield annual operating cost savings exceeding EUR 10 million [24][25] - The company is committed to enhancing its ESG initiatives, aligning with societal priorities and reinforcing its strategic agenda [26] Q&A Session Summary Question: Insights on P&L items and fee line expectations for 2021 - Management indicated that Q2 was a strong quarter across all lines, with a run rate already at EUR 340 million for the year, hopeful for better results in Q3 [31] Question: Details on NPE inflows and segments contributing to them - Management noted that inflows were balanced between retail and corporate sectors, with expectations for improved performance in the coming quarters [32][34] Question: Confirmation on AuM growth and strategy - Management confirmed that the increase in AuM was primarily from net sales, with a focus on converting balance sheet assets into off-balance sheet [36] Question: Expectations on cost of risk and capital targets - Management indicated that the cost of risk is trending positively, with a target of below 1% over net loans in the medium term [46] Question: Clarification on CET1 ratio and MREL targets - Management projected the CET1 ratio to remain under 10% by year-end, with an interim MREL target of 16.1% [50]

PIRAEUS FINL HLDGS S A ADR (OTCPK:BPIRY) Q4 2020 Earnings Conference Call March 16, 2021 12:00 PM ET Company Participants Christos Megalou - CEO Theodore Gnardellis - CFO Chrys Berbati - IR Conference Call Participants Jonas Floriani - Axia Ventures Corinne Cunningham - Autonomous Research Alberto Nigro - Mediobanca Mehmet Sevim - JPMorgan Osman Memisoglou - Ambrosia Capital Alberto Cordara - Bank of America Alberto Nigro - Mediobanca Operator Ladies and gentlemen, thank you for standing by. I'm Constantino ...

Piraeus FinancialHoldings 2020 Financial Results & Strategy Update March 2021 2 01 2020 Financial Results 02 Sunrise Plan: the New Piraeus Bank ESG Strategy 03 04 Annex 3 Disclaimer This presentation has been prepared by Piraeus Financial Holdings S.A. (formerly known as Piraeus Bank S.A.) and its subsidiaries and affiliates (the "Group" or "We") solely for informational purposes. References to the "Company", "Piraeus Bank", "Piraeus Bank S.A." or to the "Bank" should be read and construed to be references ...

PIRAEUS BANK Q3.19 RESULTS 22 N o vember 2019 Table of Contents 1. Executive Summary 2. Macroeconomic Outlook 3. Financial Performance 4. Asset Quality 5. Liquidity 6. Appendix 01. Executive Summary 04 1.1 2019 MILESTONES TO-DATE Return to profitability with 2.0% RoTE for 9M.2019 2018 Capital Plan completion, additional initiatives under way Further enhancement of capital ratio by Tier 2 Organic NPE movement on track along with inorganic projects Launch of the strategic partnership with Intrum on NPE servic ...

PIRAEUS BANK GROUP PRESENTATION Financial Results 29 March 2019 FY.18 Table of Contents 1. EXECUTIVE SUMMARY 2. FINANCIAL PERFORMANCE 3. ASSET QUALITY 4. LIQUIDITY 5. APPENDIX 2017-2018 ACHIEVEMENTS Agenda 2020 3 Fundamental turnaround, de-risking, profitability, liquidity strengthening, efficiency, riskcentered culture Capital Stop legacy costs, right use of capital, focused delivery of capital enhancement plan actions Business Re-focus on the core bank, based on re-sizing, right pricing, agile service off ...