Attica Bank. Click to edit Master text styles Second level. Third level Fourth level Fifth level Q FINANCIAL RESULTS

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1 Attica Bank Q FINANCIAL RESULTS Strategy Department

2 Table of Contents Page Attica Bank in Q Assets-Loan Portfolio 5 Deposits, Funding 9 Profit & Loss Account 12 Capital 16 Appendix 20 2

3 Attica Bank in Q

4 Attica Bank in Q Profitability amounts in euro millions Q FY 2014 Change % Pre-Provision profit : 13.3 m, up by 17.7%* on a y-o-y basis Net Operating Income : 30.9 m Net Fee and Commission Income: + 25 % on a y-o-y basis Net Interest Margin: 2.41% Personnel Expenses: % on y-o-y basis Total Operating Expenses: % on a y-o-y basis (excluding provisions for credit and other risks) Balance Sheet Highlights Loans before provisions almost stable on a y-o-y basis NPE ratio: 48 % Stock of provisions: % on a q-o-q basis Deposit outflows rates below sector average in Q Capital Common Equity Tier I ratio (CET 1): 6.1% Tier I Capital Ratio (Tier I): 8.4% Capital Adequacy Ratio: 8.4% Total Loans before provisions 3, , % Stock of Provisions % Deposits 2, , % Assets 3, , % amounts in euro millions Q Q Change % Total Net Operating Income* % Total Net Fee and Commission Income % Personnel Expenses % General Operating Expenses % Total Operating Expenses (excluding provisions for credit risk) % Pre- Provision profit/(loss) % Pre-Provision profit (loss) excluding extraordinary income of 10 mil. euros in Q % Provisions for credit risks % Profit / (loss) before taxes % *excluding extraordinary interest income of 10 million euros recorded in Q Data on a consolidated basis 4

5 Attica Bank in Q Assets-Loan Portfolio 5

6 Assets, Deposits Total Assets, Q Q (euro million) Loans before provisions, Q Q (euro million) - 1.7% - 2.1% 0.4% 0.1% 3, , ,744.5 Breakdown of Total Assets, (as at : 3.87 bn.) 3.7% 1.6% 7.3% 2.7% 2.5% Cash, cash balances with the central bank, due from other financial institutions Securities portfolios Q FY 2014 Q Due to Customers, Q Q (euro million) 1.1% -8.8% 3, , ,966.7 Loans and advances to customers (net of provisions) Property, plant and equipment, intagible assets Deffered tax assets Q FY 2014 Q % Other assets Loans (after provisions) / Due to customers Q FY 2014 Q % 98.1% 107.2% Data on a consolidated basis 6

7 Loan Portfolio Breakdown of the loan portfolio by type, Q (Loans before provisions: 3.74 bn.) Loans to Private Individuals by type, Q (Total : 0.81 bn.) Loans to businesses by sector, Q (Total : 2.60 bn.) Data on a consolidated basis 7

8 Credit Risk Management Indicators Non Performing Exposures NPE Formation (euro million) FY 2014 Q Impaired, % 35% 39% Cash Coverage 41% 39% Collateral Coverage 51% 51% Total Coverage 93% 90% NPEs, % 44% 48% Cash Coverage 33% 32% Collateral Coverage 59% 60% Total Coverage 92% 92% In the first quarter of 2015 context-specific developments and elevated uncertainty affected the repayment capacity of borrowers. As a result of the above and in combination with the limited funding options of private individuals and businesses, non performing exposures increased by million euros during the last quarter. Data on a consolidated basis 8

9 Attica Bank in Q Deposits, Funding 9

10 Customer Deposits, Funding Breakdown of due to customers per type, Q Breakdown of due to customers per type of customer, Q Q Other 0.5% Current accounts 15.8% 17.2% 15.3% 12.8% 0.6% 0.7% 1.1% 16.3% 22.8% 28.0% Time Deposits 72.2% Savings accounts 11.6% Cost of Deposits (stock) 01/ /2015 (bps) 65.9% 61.3% 58.1% Q FY 2014 Q Private individuals Public Sector Other Businesses Time and Core Deposits, Q Q (euro million) 2,578 2,452 2, Q FY 2014 Q Time Deposits Core Deposits Data on a consolidated basis 10

11 Liquidity, Deposits EuroSystem Funding Deposits: y-o-y changes (%) The Bank's reliance on the ECB and ELA funding as a percentage of total assets as at 30/04/2015 stood at 18.9%, significantly lower than the sector average. Sector Attica Bank 31/12/ % 4.3% 31/1/ % 8.2% 28/2/ % 10.9% 31/3/ % 12.4% 30/4/ %* 18.9% * estimate ECB & ELA Funding, % of Total Assets Source: Bank of Greece and Attica Bank The Bank keeps adequate collateral for its Eurosystem operations. Moreover, the Bank has not renewed so far a 285 mil. Bond issued under Law 3723/08 and guaranteed by the Greek State, which expired on 06/02/2015. Source: Bank of Greece and Attica Bank In 2014 the deposits balances of the Bank improved at a faster pace when compared to the banking sector average. Since the end of 2014 deposits balances have deteriorated due to increased uncertainty. During the first quarter of the year, the Bank's deposits decreased slower than the sector average (- 8.8% against a sector average of %). Outflows have continued in April However, deposits balances have stabilized in May. Data on a consolidated basis 11

12 Attica Bank in Q Profit & Loss Account 12

13 Profit & Loss account, Operating Income P & L Evolution (euro 000s) Operating income by source (euro 000s) OPERATING INCOME Q Q Net interest income 28, , Net fee and commission income 7, , Gain/ loss from securities 3, Other income 2, Total 41, , Operating income by segment (euro 000s) The Group had a pre-provision profit of 13.3 million euros in Q1 2015, against a pre-provision profit of 21.3 million euros in Q Excluding one-off interest income of 10 million euros recorded in Q1 2014, the pre-provision profit of the Group displays a 17.7% increase y-o-y (11.3 million euros in Q against 13.3 million euros in Q1 2015). Data on a consolidated basis 13

14 Net Interest Income - Net Interest Margin NII * breakdown, (euro 000s) Net Interest Margin (NIM) * The NIM (Net Interest Income / Average Interest - bearing Assets) inreased to 2.41% in Q (Q1 2014:2.01%) *excluding extraordinary interest income of 10 million euros in Q Data on a consolidated basis 14

15 Operating Expenses Cost / Income Ratio (excl. provisions) Breakdown of general operating expenses Q Q Rents 15.6% 21.5% Operating expenses breakdown Advertising and promotion expenses 2.0% 0.8% Telecommunication expenses 7.0% 5.8% Repairs and maintenance 3.8% 4.8% Utility Services 4.7% 5.2% Third party fee and expenses 14.7% 19.3% Legal expenses 6.3% 3.1% Visa expenses 3.4% 2.8% Other 42.5% 36.7% TOTAL 100.0% 100.0% Q FY 2014 Q Number of Branches Group Employees Data on a consolidated basis 15

16 Attica Bank in Q Capital 16

17 Shareholders and capital structure Shareholders Capital Structure ETAA TSMEDE 50.67% Other shareholders 49.33% ETAA: The pension fund insuring professionals (civil engineers, lawyers, doctors etc.). TSMEDE: Pension fund of the construction sector (engineers and public works contractors) with about 110,000 members and 21,000 pensioners. Part of ETAA since Free Float: About 20,000 shareholders. No single shareholder holds more than 5% of common shares. 1. Share capital of million euros and is divided into: 1,045,794,145 Common Shares, with a nominal value of 0.30 each, listed on the Athens Stock Exchange. 286,285,714 Preference shares, with a nominal value of 0.35 each, issued under the Government Support Scheme in 2009 and held by the Greek State. 2. Contingent convertible bond of current outstanding balance of 95.6 million euros converting into million Fourth common level shares of the Bank: In full in 2018 At the option of the bond holders twice a year Compulsorily in the case of a capital contingency event 3. Lower Tier II bond of outstanding balance of 79.3 million euros paid in full in

18 Capital position Capital Adequacy Ratios Capital (euro million) Equity Breakdown (euro million) Risk Weighted Assets (euro million) Data on a consolidated basis 18

19 Share Capital Increase In March 2014, the Bank of Greece published the results of its capital needs assessment of Greek Banks. In order to implement its business plan and satisfy the capital requirements set by the Bank of Greece, Attica Bank has announced a capital increase of million euros, through the exercise of pre-emptive rights by existing shareholders. Key terms of the Capital Increase: Reverse split of existing common shares of 16:1. New shares to be issued: 1,111,156,278. New Shares / Existing Shares 17:1. 19

20 Appendix 20

21 Group Results by Segment Q FY 2014 Q Total (euro millions) Retail Business Banking Investment Banking & Treasury Retail Business Banking Investment Banking & Treasury Retail Business Banking Investment Banking & Treasury Q Q Change % Operating Income % - Net interest income % - Net fee and commission income % - Income from trading & other income % - Adjustment between segments Income from investments in associates Profit / (loss) before taxes Taxes Profit / (loss) after taxes Provisions for credit risks and securities impairment % Depreciation % Total Assets , , , , , % Total Liabilities -2, , , , , , , , % 21

22 Key financial ratios, Q Q Group Bank BALANCE SHEET STRUCTURE Q FY 2014 Q Q FY 2014 Q Due to Customers / Loans and Advances to customers (before provisions) 86.43% 87.03% 79.23% 86.83% 87.40% 79.63% Due to customers / Total Assets 79.97% 82.26% 76.61% 80.23% 82.48% 76.85% Loans and Advances to customers (after provisions) / Total Assets 81.23% 80.71% 82.10% 81.12% 80.59% 81.93% Total Equity / Total Assets 10.30% 8.97% 9.00% 10.14% 8.82% 8.85% Total Equity / Due to Customers 12.87% 10.91% 11.75% 12.64% 10.70% 11.52% EFFICIENCY Annualized profit before taxes / Average Equity (RoAE) Annualized profit before taxes / Average Total Assets (RoAA) 2.74% % -6.77% 2.44% % -6.72% 0.28% -2.25% -0.62% 0.24% -2.27% -0.59% 22

23 Key financial ratios, Q Q Group Bank Total operating expenses less provisions / Total Assets Operating expenses less provisions / Total operating income NPL ratio (>90 days in arrears excuding restructurings) Provisions / Loans in arrears > 90 days excluding restructurings Q FY 2014 Q Q FY 2014 Q % 2.54% 1.82% 1.94% 2.45% 1.76% 48.74% 82.79% 57.13% 48.25% 82.78% 56.01% 24.63% 27.91% 26.42% 24.63% 27.91% 26.42% 49.18% 52.34% 57.14% 49.18% 52.34% 57.14% CET I 7.11% 6.10% 7.00% 6.00% Tier I Capital Ratio (Tier I) 11.57% 9.24% 8.40% 11.43% 9.11% 8.30% Capital Adequacy Ratio 11.78% 9.70% 8.40% 11.64% 9.60% 8.30% 23

24 By receiving this document, the Recipient accepts and agrees to be bound by the following obligations and limitations: The above material has been prepared by Attica Bank for the exclusive use of the selected parties to whom it is delivered. Neither the whole ore any part of the information in this presentation may be disclosed to, or used by any other person or used for any other purpose without the prior consent of Attica Bank. Neither Attica Bank nor any of its connected persons accept any liability or responsibility for the accuracy or completeness of, nor make any representation or warranty, express or implied, with respect to, the information on which this material is based or that this information remains unchanged after the issue of this presentation. In addition, the reader of the material agrees that Attica Bank and all connected persons neither owe nor accept any duty or responsibility to the former, whether in contract or in tort (including without limitation, negligence and breach of statutory duty), and shall not be liable in respect of any loss, damage or expense of whatsoever nature which is caused by any use the reader may choose to make of this material, or which is otherwise consequent upon the gaining of access to the report by the reader. The content of this material should not be construed as a solicitation or a recommendation. It has been prepared for information purposes only and is purely indicative. It does not constitute an offer or invitation for sale or purchase of securities or any of the businesses or assets described herein or any form of commitment, advice, recommendation or valuation opinion on the part of Attica Bank or its connected persons. No part of this material should form basis of or can be relied upon in connection with any contract or investment decision or commitment relating thereto. This material should not be regarded by the Recipient as a substitute for the exercise of its own judgment and the Recipient is expected to rely on its own due diligence, if it wishes to proceed further. Additionally, the Recipient should not construe the contents of this material as legal, tax, accounting or investment advice. The Recipient should consult its own independent counsel, tax and financial advisers as to financial, tax legal and related matters concerning any transaction described herein. This material does not purport to be all-inclusive or to contain all of the information that the Recipient may require or request. The present material may contain targets, prospects, returns and/or opinions which obviously involve elements of subjective judgment. Any opinions expressed in this material are subject to change without notice. Forward looking statements may also be contained. Attica Bank gives no undertaking and is under no obligation to update these targets, prospects or potential statements for events or circumstances that occur subsequent to the date of this material or to update or keep current any of the information contained herein and this material and there exists no representation that it will do so. Actual results will vary from the projections or targets mentioned and such variations may be material. In this notice Attica Bank means Attica Bank S.A. and its connected persons means the shareholders, subsidiaries and the respective directors, officers, employees and agents of each of them. ATTICA BANK S.A. Contact Information: Strategy Department 23 Omirou Str , Athens, Greece InvestorRelations@atticabank.gr Tel.: , fax: