First Quarter Report 2022 Consolidated profit at EUR 442 million with prudent approach to risk costs

• Net interest income up 1% quarter-on-quarter, benefiting from higher rates across the region
• Net fee and commission income up 22% quarter-on-quarter, driven primarily by increased customer activity in FX business in Russia
• Net trading income at EUR 184 million, mainly from hedging instruments and own credit spreads relating to certificates business
• Year-to-date provisioning ratio increased significantly to 0.97%, largely driven by macro downgrades and special risk factors due to the war in Ukraine
• Loans grew 1% in the first quarter, new lending in Russia has largely been stopped
• Consolidated profit improved 39% quarter-on-quarter to EUR 442 million
• CET1 ratio at 12.3% (transitional, including year-to-date result), reflecting RWA increases from rating downgrades in Russia, Ukraine, and Belarus
• Outlook has been updated to reflect lower loan growth and higher risk cost assumptions
  

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