Παρουσίαση του powerpoint · 2 | contents. 01 3 q3.2016 highlights 1.1 q3.2016 at a...

N O V Ε Μ B E R 2 0 1 6

F I N A N C I A L R E S U L T S P R E S E N T A T I O NQ 3 2 0 1 6 P I R A E U S G R O U P F I N A N C I A L R E S U L T S

C O N T E N T S

01 Q32016 HIGHLIGHTS

02 Q32016 FINANCIALS

03 ASSET QUALITY

04 LIQUIDITY

05 APPENDICES

2 | CONTENTS

01

3

Q 3 2 0 1 6 H I G H L I G H T S

11 Q32016 AT A GLANCE

12 SEPT2016 FIGURES

13 OPERATING PERFORMANCE

14 CAPITAL

15 LIQUIDITY

16 NPL PERFORMANCE

17 NPL NPE MOVEMENT

18 NPE OPERATIONAL TARGETS

19 OUTLOOK

110 GREEK MACRO UPDATE

| Q32016 HIGHLIGHTS

4


PampL

bull Net profit of euro31mn

bull Net interest amp net fee income at euro570mn +1 qoq +7 yoy

bull Positive jaws with PPI at 176bps over loans and CoR at 147bps

NPLs| NPEs

bull Negative NPL formation for 3rd consecutive quarter at -euro03bn

bull NPL stock down euro06bn qoq and euro22bn yoy

bull NPE stock down euro02 qoq and euro11bn yoy

Liquidity

Deposit inflow of euro09bn LDR at 123 improved by 4 percentage points

bull Eurosystem down euro31bn of which ELA -euro17bn

bull ΕFSF repo up euro05bn at euro52bn with cost in negative territory

bull Further EFSF bonds sales of euro1bn reducing ECB reliance

De-risking

bull Piraeus Bank Cyprus sale agreement

bull ATE Insurance and listed shares portfolio disposals concluded

bull VES resulted in c1k FTE exits Greek footprint close to 2017 target (650)

| Q32016 HIGHLIGHTS

01

Group euromn Greece Intrsquol Sep16 Jun16

Total assets 75397 6829 82226 84316

Gross loans 61547 3852 65399 66187

Customer deposits 36373 2908 39281 38406

Loan loss reserves 16044 1077 17120 17313

Eurosystem funding - - 23750 26801

Equity - - 9964 9929

Pre provision income 278 12 290 288

Net result attr to SHs 46 -15 31 20

Branches () 671 260 931 939

Employees () 14976 3539 18335 18525

Loan-to-deposit ratio 125 95 123 127

gt90dpd ratio 386 410 388 392

gt90dpd coverage ratio 68 68 68 67

CET-1 (phased-in) - - 176 175

CET-1 (fully loaded) - - 167 166

5

12 SEPT2016 FIGURES

-euro03bn NPL formation in Q3 on top of euro03bn write-offs

-euro22bn NPL stock yoy of which euro16bn in Greece

68 NPL coverage 26 provisions over loans

47 NPE coverage NPE ratio flat qoq at 52

euro290mn Q3 recurring PPI resilient qoq

euro31mn Q3 net profit euro46mn from domestic operations

292bps NIM +26bps yoy +3bps qoq

176 CET-1 167 fully loaded CET-1 both higher qoq

Notes (a) intrsquol assets include euro12bn assets from discontinued ops (Cyprus)

(b) pre provision income (PPI) on recurring basis net result from continuing operations PPI and net result for Q316 and Q216

(c) capital ratios pro-forma for Cyprus divestment

| Q32016 HIGHLIGHTS

01

6


Group euromn Q316 Q216 qoq Q315 yoy

NII 488 484 1 463 5

NFI 82 79 3 71 15

Other 32 43 -25 83 -61

Revenues 602 607 -1 617 -2

OpEx (312) (319) -2 (299) 4

PPI 290 288 1 318 -9

Note recurring PampL data ie excluding one-off items Note ratios over assets excluding EFSF|ESM bonds

292bps

49bps

52

296bps NIM

48bps NFI over assets

50 cost to incomeGR

OU

P Q

3

GR

EEC

E Q

3

Recurring PPI Resilient Positive Bottom Line

euromn

970 920266 288 290

2014 2015 Q116 Q216 Q316

CoR

PPI

-3670-3487

-289 -265 -242

Jaws Closed Leading to Profit for 2nd Quarter

bps on gross loans FY2014 FY2015 Q116 Q216 Q316

PPI 137 162 158 174 176

CoR 503 512 172 160 147

jaws -366 -350 -14 +14 +29

| Q32016 HIGHLIGHTS

01

Group bottom line at euro14mn in 9month 2016

Bank bottom line at euro70mn in 9month 2016

-202

53262

-92

52968

-544

52424

Jun16RWA

Q316 ATE InsDisposal

Sep16RWA

DiscontinuedOps (Cyprus)

Sep16RWA

pro-forma

7

14 CAPITAL

eurobn | Phased Ιn Fully Loaded

CET-1 Capital 92 87

Total Regulatory Capital 92 87

RWAs 524 524

CET-1 ratio 176 167

Total Capital Ratio 176 167

CET-1 Ratios (September 2016)euromn

CET-1 Capital amp RWAs Evolution in Q316

Fully loaded CET-1 ratio at 167 up 7bps qoq

Phased-in ratio at 176 up 12bps qoq

Tangible book value at euro77bn

Leverage ratio at 113

Eligible DTC stands at euro41bn ow euro14bn from PSI and

euro27bn from loan losses

30

-11

269193

Jun16CET-1

Q316Continued

Ops

Q316Discontinued

Ops

Minorities ampOther

Sep16CET-1

9238

| Q32016 HIGHLIGHTS

01

8

15 LIQUIDITY

ELA down by euro17bn qoq at euro127bn vs 2015 peak of euro22bn

1

2 Eurosystem use dropped in Q3 to euro238bn on the back of

deposit increase increased EFSF repos and QE (EFSF bond sales)

EFSF repos further increased at euro52bn at Sep16 at -3bps cost

bull Q4 to-date

deposit increase (+euro08bn) drop in Eurosystem (-euro14bn) EFSFrepos increase (+euro06bn) while QE EFSF sales continue(+euro06bn)

Domestic Deposits (eurobn)

Eurosystem Funding (eurobn)

3

4

5

Deposit inflows in Q3 (euro09bn) in Greece assisted by Greek

state arrears clearing plus capital controls relaxation on top of

the Bankrsquos targeted campaigns and product offerings

Zero reliance of L3723 as of late April 2016 with the

redemption of the last tranche of Pillar2 bonds-euro17bn

from ELA

| Q32016 HIGHLIGHTS

46 of market inflow

01

238

-14

358327

-23 -34141 -31

Dec14 Sep15 Dec15 Δ Q116 Δ Q216 Δ Q316 Sep16 midNov16

345 361 -10 +04 +09 364

495

+08


9

16 NPL PERFORMANCE

Q3 Greek NPL formation at -euro293mn

Group NPL coverage increases further to 68

Q3 Group NPL formation at -euro335mn

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

7165

7266

7267

73 68

Business Total

Dec15

Mar16

Jun16

Sep16

-euro335mn qoqbull-euro299mn businessbull-euro36mn retail

business NPL stock comprise c70

of total NPLs

ΝPL stock down euro06bn in Q3 incl write-offs

NPL Formation (new flows over loans )

1

2

3

4

5

NPL Coverage ()

bull 3rd consecutive quarter with negative NPL formation

bull 9m2016 negative NPL formation at euro08bn (euro07bn in Greece)

bull 9m2016 NPL stock down euro15bn including write-offs

ΝPL stock down euro22bn yoy of which euro15bn from business NPLs

| Q32016 HIGHLIGHTS

01

378369 369 368 367

Sep15 Dec15 Mar16 Jun16 Sep16

01

10

17 NPL NPE MOVEMENT

NPL Movement (eurobn) 1

2

NPE Movement (eurobn)

275 269264

259253


| Q32016 HIGHLIGHTS

NPEs (euro bn) Q116 Q216 Q316

ΝPLs -euro05bn -euro04bn -euro06bn

Impaired loans +euro04bn -euro02bn +euro02bn

Forborne loans +euro01bn +euro05bn +euro02bn

NPE stock movement euro00bn -euro01bn -euro02bn

NPE formation +euro03bn +euro02bn +euro01bn

-euro22bn

-euro11bn

NPL stock declined for a 4th consecutive quarter marking a drop of euro22bn in the last 12 months

Q3 NPL formation at -euro03bn

NPΕ reduction of euro11bn in the last 12 months

Q3 ΝPE formation at +euro01bn

-euro163mn qoq

-euro587mn qoq

3 Piraeus Bank is continuing to descend from NPL and NPE stock lsquopeakrsquo of Sep2015

Note NPL movement is an early indicator vs NPE movement since restructured loans have to remain 12 to 24 months as NPEs before their exit from NPE status

01

11


| Q32016 HIGHLIGHTS

Parent Data

Operational Targets

Submitted to SSM

2016 2019 Δ

in eurobn Jun Sep Dec Dec19 vs Jun16

actual actual target

NPLsgt90dpd 244 239

NPEs 342 341 203

102

Group Data 2016

in eurobnJun Sep

actual actual

NPLsgt90dpd 259 253

NPEs 368 367

Operational targets submitted to the SSM in late September

2016 are related to parent data

bull Piraeus aims at reducing parent stock of NPEs by 41from Jun16 (euro342bn) to Dec19 (euro203bn)

bull NPLs at parent level are also targeted to be reduced by 58from Jun16 (euro244bn) to Dec19 (euro102bn)

bull The reduction will be driven by

restructurings and collections

liquidations

write-offs

selected sales

while it is based on certain critical assumptions such as

improvement of macroeconomic conditions

implementation of recently voted legal and judicial

NPEs management framework

-41

-58

01

12 | Q32016 HIGHLIGHTS

19 OUTLOOK

Estimate for real GDP in Greece close to 0 for 2016 with upside (more than 2 GDP growth in 2017)

Positive bottom line for 2016 as per market consensus

Negative NPL formation for year 2016 to exceed euro1bn (euro08bn in 9month 2016)

VES impact crystallization resulting in euro44mn payroll relief pa More cost-efficiency initiatives under way

Decreased funding cost from lower ELA balance (euro8mn pa for every euro1bn shift to time deposits)

Further deposit inflows for both market and Piraeus Bank for Q4 and onwards as economic activity improves

01



The 3rd EAP Disbursements (Aug15-Aug18 eurobn)

Sources ELSTAT European Commission Piraeus Bank Economic Research

13020

10

75

2861

15

96

20 5130 34 35

54

2267

2158

2475

2817

200

220

240

260

280

300

00

50

100

150

200

250

300

350

1st

amp 2

nd

EA

P

Feb

-15

Au

g-15

No

v-15

Dec

-15

Jun

-16

Oct

-16

Q4

16

Q1

17

Q2

17

Q3

17

Q4

17

Q1

18

Q2

18

Au

g-18

ESM Bank recapitalisation

ESM

Total (cumulative) RHS

Remaining programme financing

In 9m16 economic activity remained stable yoy

bull projections for FY16 GDP with marginal growth

Fiscal consolidation measures introduced in May 2016 clearly have a negative impact in economic activity However positive base effects clearance of State arrears stabilization of economic climate successful completion of the upcoming reviews and expected debt relief measures as well as the acceleration of the privatization programme give ground for optimism

Following the implementation of the remaining key milestones and the positive assessment of the clearance of net arrears the ESM authorized the disbursement of euro28bn on October 26th euro11bn used for debt servicing and the remaining euro17bn disbursed to a dedicated account for clearing arrears

Execution of State Budget remains on track while economic sentiment has stabilized (eg corporate bond issues have been gradually re-initiated)

Catalysts for the macro environment

bull swift conclusion of the 2nd review by official creditors

bull potential introduction of short-term sovereign debt relief measures

bull qualification of GGBs as ECB QE eligible instruments

bull acceleration of privatization programme

bull further relaxation | elimination of capital controls

2nd Consecutive Quarter With Positive Quarterly GDP Growth Real GDP Increased by 05 qoq in Q316

-20

01 04

-07

07

-04

12

-14

0700

-15

12

-06

03 05

-52

-35

-18-22

06

00

0801

01 05

-22

04

-08 -06

15

-60

-50

-40

-30

-20

-10

00

10

20

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

qoq change yoy change

02

14

Q 3 2 0 1 6 F I N A N C I A L S

21 ASSETS amp LIABILITIES MIX

22 GROUP PampL HIGHLIGHTS

23 GROUP BALANCE SHEET

24 DOMESTIC PampL HIGHLIGHTS

25 DOMESTIC CUSTOMER PORTFOLIO YIELDS

26 GROUP OPERATING EXPENSES

| Q32016 FINANCIALS

02

15


| Q32016 FINANCIALS

101

27

483

146

32

33Cash

AssetMix

Total

Securities

EFSF|ESM Bonds

Net Loans

PPE

Other

822

38

100

156

237

54

111

127

106

26

489

155

3137

42

99

147

237

49

124

144

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

822

FundingMix

Sep16

Total

CashSecurities

EFSF|ESM Bonds

Net Loans

PPE

Other

843

Jun16

Sep16

Jun16

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

843

(amounts eurobn)

16

NFI increased for 2nd consecutive quarter with

increase stemming mainly from cards (+27) and

bancassurance business (+19)

4

Group Profit amp Loss (euromn)

Q316 Q216 qoq Q315 yoy 9Μ16 9Μ15 yoy

Net Interest Income 488 484 1 463 5 1450 1414 3

Net Fee Income 82 79 3 71 15 235 227 3

Trading Income 10 111 - 54 -81 127 63 100

Other Income 27 15 79 52 -48 65 84 -22

Total Net Revenues 607 689 -12 640 -5 1877 1788 5

- excl οne-off Items 602 607 -1 617 -2 1784 1765 1

Employee Costs (151) (160) -5 (162) -6 (471) (494) -5

Administrative Expenses (143) (140) 2 (129) 11 (414) (403) 3

Depreciation amp Other (28) (28) 0 (28) -2 (83) (83) 0

Total Operating Costs (322) (327) -2 (318) 1 (967) (980) -1

- excl one-off Items (312) (319) -2 (299) 4 (941) (925) 2

Pre Provision Income 285 362 -21 322 -12 910 809 12

- excl one-off Items 290 288 1 318 -9 844 841 0

Result from Associates 16 (24) - 6 - (8) (13) -41

Impairment on Loans (242) (265) -9 (244) -1 (797) (2103) -62

Impairment on Other Assets (19) (33) -42 (20) -6 (64) (93) -31

Profit Before Tax 40 40 2 64 -37 41 (1400) -

Tax 11 20 -46 (438) - 29 (779) -

Net SHs Profit - Continuing Ops 31 20 50 502 -94 14 (621) -

Discontinued Ops Result (11) (16) -29 (3) - (35) (4) -

1

2

3

5

Q3 recurring OpEx decreased qoq on the back of

staff costs reduction (VES impact reflected)

1

2

6

Q3 net interest income benefited from lower

funding costs (lower ELA repo cost at negative

territory) offsetting impact from loan deleveraging

Q3 drop in cost of risk at 147bps over gross loans

from 160bps in Q2 and 172bps in Q1 following

improvement in asset quality

6

3 Q3 trading income decreased qoq as Q2 was

inflated from VISA one-off gain (euro77mn)

Other income increased qoq on the back of

seasonal operating leasing income related with

tourism season


| Q32016 FINANCIALS

02

5

4

17


Group Balance Sheet (euromn)

Sep16 Jun16 Dec15 qoq ytd

CashBalances with Central Banks 3262 3734 3645 -13 -10

Loans amp Advances to Banks 171 176 180 -3 -5

Gross Loans 65399 66187 68071 -1 -4

(Loan Loss Reserves) (17120) (17313) (17480) -1 -2

Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14

Intangibles amp Goodwill 264 268 274 -2 -4

Fixed Assets 2735 2563 2544 7 8

Deferred Tax Assets 5085 5092 5075 0 0

Other Assets 3467 3341 3362 4 3

Assets of Discontinued Operations 1183 1692 1594 -30 -26

Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1

Debt Securities 71 93 102 -24 -31

Other Liabilities 2420 2468 2478 -2 -2

Liabilities of Discontinued Ops 1186 1578 1485 -25 -20

Total Liabilities 72261 74387 77508 -3 -7

Total Equity 9964 9929 10021 0 -1

Total Liabilities amp Equity 82226 84316 87528 -2 -6

1

2

3

4

Participation in ΕCBrsquos QE programme with

euro09bn EFSF bonds sold in Q3 on top of euro15bn

in Q2

3 Eurosystem funding at euro238bn in September

down euro31bn qoq ΕFSF repos at euro52bn in

September up euro05bn qoq

1

2

Q3 customer deposits higher by euro09bn Further

inflows in Q4 to-date assisted by relaxation of

capital controls and targeted customer

campaigns while new time deposit cost

continues its downward trend

4

Q3 gross loans slightly lower with mild

deleveraging adjusting for write-offs annual

decline of 17 yoy in Greece in line with the

market

| Q32016 FINANCIALS

02

Equity marginally higher vs Q216 mainly due tothe recorded net profit

55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212

Total Revenues 554 555 0 1632

OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)

Pre tax result 56 52 7 77

SHs PAT from cont ops 46 36 25 62

02

18


Greek Operations (euromn)

1

2

3

4

1

2

3

4

NII in Greece increased 1 qoq and 10 yoy positively affectedby lower ELA reliance decreasing deposit rates and eliminationof L37232008 guarantees costs

NFI improvement by 3 qoq and 15 yoy on the back of e-payments cards and money transfers

OpEx remained stable qoq and increased by 6 yoy stemmingfrom administrative expenses related with products andservices

Solid NIM movement qoq

296bps up 4bps qoq and 38bps yoy

Drivers include lower time deposit cost lower ELA use TLTRO2use EFSF interbank repo at negative territory

Pre provision income at euro278mn stable qoq

| Q32016 FINANCIALS

Note PampL on normalized basis excluding one-off items for PPI components

5 Loan provisions at euro217mn (140bps over loans from 159bps in Q2)

5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431

Actual rates shown above refer to total Greek banking operations quarterly averages

Loan Rates Front Book Rates Steadily Above Legacy Book Customer Rates Time Deposit Rate Declines Further

Impact in loan rates for Q316 attributed to euribor further decline and loan restructuring

Front book rates relate with minimal disbursements for retail loans while for business new production came from sme amp corporate segments

-51 from peakcurrently at 663

02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900

Dec12 Jun13 Dec13 Jun14 Dec14 Dec15 Jun 16 Sep 16

4853 52

Q315 Q216 Q316

Cost to Income Ratio ()

Domestic Headcount amp Footprint Optimization ()

47 50 50

Q315 Q216 Q316

Group Staff amp Administrative Expenses (euromn)

GREECE

GROUP

-24 from peak-c200 FTEs in Q3 (VES)

Initiatives

Note on normalized basis excluding one-off items

153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129

VES impact starts to crystallize as of Q3 (ceuro10mn per quarter)

Further branch closures on top of already accomplished downsizing (from 671 units at the end of Sep16 to reach 650 by year-end in Greece)

151 143

03

21

A S S E T Q U A L I T Y

31 GROUP NPL STOCK amp FORMATION

32 DOMESTIC NPL FORMATION

33 DOMESTIC NPL MOVEMENT

34 NPL COVERAGE

35 GROUP PROVISION amp COLLATERAL COVERAGE

36 LOAN PORTFOLIO KPIs

37 NPE RATIOS amp COVERAGE

38 RBU PORTFOLIO AT A GLANCE

39 RBU PERIMETER

310 RBU BUSINESS CUSTOMERS VIABILITY MAPPING

| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335

Q412 Q113 Q213 Q313 Q413 Q114 Q214 Q314 Q414 Q115 Q215 Q315 Q415 Q116 Q216 Q316

321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000

Business Mortgages Consumer

pre write-off quarterly NPL formation

New NPLs in Negative Territory for 3rd Quarter NPL Ratio +90dpd per Product Category

pre write-off quarterly NPL formation (amount amp bps over end-quarter loans)

NPLs Mix NPL Formation

| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510

Total Business Mortgages Consumer

Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Recent legislation and gradual improvement in economic sentimentalong with the Bankrsquos expertise in internal RBU are expected tohave further positive impact on the effort to substantiallydeleverage NPL

Businesses posted a -euro256mn negative NPL flow in Q316 in Greece

Greek Q316 NPL formation at -euro293mn from -euro207mn in Q216

Group Q316 NPL formation -euro335mn from -euro189mn in Q216

NPL formation -euro770 mn for Group and -euro730mn for Greece ytd

151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

NPL Formation Negative in Q316 Greek NPL Formation by Segment

Note pre write-off quarterly NPL formation in euro mn or as of gross loans

Group Greece

NPL new flows over loans ()


388NPL ratio

386 NPL ratio

1

2

3

1

2

Gross NPL formation at 20 over loans in Q316 from 4 level a year ago

NPL exits (restructurings amp collections) at 25 over loans at 3 level over the last quarters

Greek write-offs stable at 04 qoq with expected acceleration going forward

03

24


| ASSET QUALITY

Gross NPL Generation Trending Lower in Greece (eurobn)

247+15

-17-02

243+12

-15-02

238

Mar16 Entries Exits Write-offsamp Other

June16 Entries Exits Write-offsamp Other

Sept16

-euro02bn -euro03bn

formation formation

NPLs (eurobn) Entries Exits

Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316

Further Increase in NPL Cash Coverage NPL Coverage Ratio per Product Category

Group LLRs at 26 Over Loans

| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28

NPLs NPLs Coverage LLRLoans

Greece

International

Increased NPL coverage across the business segment by130bps qoq and mortgages by 166bps qoq in Q316

Significant stock of loan loss reserves for business loanswhich comprise more than 23 of the portfolio

NPL mix 69 18 13

36 3739 38

23

Dec13 Dec14 Dec15 LLRs coverage Tangible collateralcoverage

03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs

Total Mortgage Loans

Sep16

Sep16

Sep16

Sep16

Total Business Loans

Total Consumer Loans

Sep16

+35 guarantees

+26 guarantees

+personal guarantees




Note coverage per segment = loan impairment or collateral value for segmental portfolio divided by balance (NPL or total loan portfolio) for the segment

03

27


Loans KPIs per Segment (Sep2016) Domestic Loan Composition (Sep2016 )

in euromn | TOTAL Business Mortgage Consumer

GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51

NPL Coverage 68 73 40 75

NPE Ratio 52 57 39 52

NPE Coverage 47 48 29 64

17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture

Transportation amp Storage

Other Services Activities

Electricity Gas Steam

Shipping

Real Estate

Financial amp Insurance

Accommodation amp Food

Other

Construction

Wholesale amp Retail Trade

Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY

() NPE ratios for on and off balance sheet exposures as per EBA methodology


GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54


SME 51 NPL | 69 Coverage

SBL 49 NPL | 55 Coverage

Corporate 33 NPL | 83 Coverage

03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101

Piraeus Group NPL to NPE Reconciliation (Sep16) Piraeus Group NPL-NPE-LLR Data per Product (Sep16)

eurobn Exposures NPEs NPLs Performing

Impaired Forborne Contagion

Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10

eurobn +90dpd NPEs LLRsCoverage

NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47

() NPL ratio over loans including off balance sheet exposures (LCLGs) Likewise for NPE ratio as per EBA definition for both numerator (euro04bn) and denominator (euro47bn)

+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE

Impaired ContagionForborne

+13

Impaired the effect of the inclusion of exposures which are not past due by more than 90dpd and for which the customer carries specific provisions

Forborne the additional effect of the inclusion of exposures which are not past due but have forbearance measures (ie concessions towards a debtor facing or about to face difficulties in meeting financial commitments) and are classified as non-performing as per EBA Technical Standards on forbearance and non performing exposures

Contagion the additional effect of characterizing all exposures to a debtor as NPL when the debtor has exposures in arrears more than 90dpd (pull-through effect) according to EBA technical standards

euro82bn out of euro113bn 0 dpd

+48 collateral

03

29


| ASSET QUALITY

Retail Banking

Corporate | Investment Banking

Financial Management| Control

Operations

CEO

Administration

Recovery Banking Unit (RBU)

RBU Strategy

Retail | SBL Recovery

SME Recovery

Corporate | Shipping Recovery | RBU Structured

Solution

Commercial Workouts

Real Estate

Notes - figures display balances amp customers managed by Piraeus Recovery Banking Unit

- customer total number refers to unique customers (number of customers in breakdown does not add up due to customers with multiple relationships)

(eurobn )Balances

(eurobn)Customers

()FTEs ()

Corporate 64 05Κ 84

SME 29 2Κ 152

Commercial Workouts 95 30Κ 298

SB 14 195Κ 300

Retail 110 402Κ

1095- Mortgages 73 79Κ

- Consumer 37 389Κ

Total 312 420k 1929

() SB FTEs include 100 FTEs in branches for customers holding agricultural products Retail FTEs include 350 dedicated Branch Restructuring Officers in 310 branches On top there are part-time employees working for RBU in another 360 branches across Greece

c2500 FTEs including supporting RBU FTEs (loan admin external legal other vendors in excess of 500 FTEs in total)

03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10

Total Piraeus Non RBU RBU

lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960

Managed by non-RBU units - Transfer in subsequent wave

RBU handles Performing Retail Loans from +1 dpd (restructured loans for a period of one year post

restructuring)

77

08

52

77

33

06

41

18

110

14

93 95

Retail Small Business Corporateamp SME

Commercial Workouts

NPL balances

Performing loans balances (lt90dpd)

Note figures display amounts for Piraeus Bank Greece Sums of figures may deviate from totals due to rounding

(eurobn 30-Sept-2016)(eurobn 30-Sept-2016)

RBU Balances Overview RBU Balances by Segment

03

31 | ASSET QUALITY


514 customers

euro64bn total loan balances

2059 cases


Operating businesses

1659 or 81 of total

euro25bn or 83 of total

Viable (positive EBITDA)

1108 or 67 of

operating cases

euro17bn loans or 67 of

operating cases

RBU portfolio

Corporate amp Shipping SMEs Commercial Workouts


362 or 70 of total



259 or 72 of operating

cases


operating cases

30479 NPL cases


Denounced loans gt100k

6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k

bull Mapping taking into account borrowersrsquo needs viability and affordability in a through-the-cycle approach

bull Aim is to take advantage of the changes in the legal framework and the wealth of data gained through acquisitions to deal with strategic defaulters

bull 67 of balances related to

operating SMEs and Corporate refer to customers that are deemed viable displaying positive EBITDA

RBU portfolio RBU portfolio

04

32

L I Q U I D I T Y

41 GREEK MARKET LIQUIDITY

42 DOMESTIC DEPOSITS

43 PIRAEUS DEPOSIT COST

44 EUROSYSTEM FUNDING

45 EFSM | ESM HOLDINGS

46 INTERBANK REPOS

47 CAPITAL CONTROLS UPDATE

| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016

Eurosystem at euro72bn in Oct16 (ELA euro46bn ECB euro26bn) -euro55bn vs Jun15 peak

Eurosystem Funding (eurobn)Customer Deposits amp Currency in Circulation (eurobn)

Net Loans to Deposits Ratio ()Loans amp Deposit Balances (eurobn)

Banknotes at euro44bn in Oct16 -euro7bn vs Jun15 peak

LDR at 121 in Sep16 -16ppts vs Jun15 peak

Deposits +euro01bn ytd in Sep16 Loans down euro59bn ytd in Sep16

0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits

Currency in Circulation

Note loan ytd movement includes euro3bn decrease due to write-offs FX fluctuations and reclassifications

04

34


Greek market Piraeus - Greece

361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63

Sep15 Sep16 Sep15 Sep16

Time deposits Savings-Sight deposits

Piraeus Contribution to Deposit Inflow in Q316 ()

Domestic Deposit Mix ()

46

54

Piraeus Q216 Q316 Oct16

Mass|Farmers +01 +01 +05

Affluent|Private Banking +02 +03 +01

SB +01 +01 +00

SME +01 +01 +00

Corporate +01 -02 +02

Govt amp Other -02 +04 +00

Total +04 +09 +08

Movement by Segment (eurobn)

Total market Private sector General Government


Customer Deposit Movement in Greece (eurobn)

| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941

Piraeus Bank Other banks

36

64

04

35


| LIQUIDITY

Time deposit cost further decrease

Continuous effort to reduce deposit cost in line

with approved Restructuring Plan

New time deposit cost currently at c70bps

Gradual increase of market sentiment and inflows

in deposits are not expected to trigger any

deviation from deposit pricing discipline

Customer Deposit Rates in Greece (mtd )

Domestic Time Deposit Rates | Stock vs New (mtd )

New Time Deposits Rates in European Periphery ()

Deposit Cost Further Improved

1

2

3

Lower deposit rates

Lower ELA

No P2 utilization

Interbank repo negative rates

Supporting NII

052079

015033

Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Sep16

Euro area Greece Spain Portugal

4

440

271

177

095073

458

305

195

114086

Dec12 Dec13 Dec14 Dec15 Sep16

New time deposits

Time deposits (stock)

291

204

130

061 051

458

305

195

114086


Total deposits (stock)


04

36


| LIQUIDITY

Dec14 Dec15 Mar16 Jun16 Sep16

ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95

GGBs and T-bills 10 - - 09 09

L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127

GGBs and T-bills - 08 01 00 00

L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224

Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 midNov16

ELA

ECB

Collateral Used for Eurosystem Funding - Cash Values (eurobn)

ELA Utilization amp Buffer

ELA collateral buffer estimated at euro7bn (mid Nov2016) based on existing

collateral valuation and haircuts without including buffer from Pillar 2

No utilization of Pillar 2 guarantees since April 2016

1

2

04

37

45 EFSF | ESM HOLDINGS

| LIQUIDITY

ESM Holdings by Maturity (euromn)EFSF Holdings by Maturity (euromn)

ISINIssue Date

Maturity Date

CpnFace Value

1 EU000A1U9852 27-Aug-15 27-Feb-17 6m euro -18 813

2 EU000A1U9860 27-Aug-15 27-Aug-17 6m euro -20 812


Total amp Average 08 Yrs 6m euro -20 2706

ISINIssue Date

Maturity Date

CpnFace Value

1 EU000A1G0AL3 19-Apr-12 19-Apr-18 6m euro +46 2340

2 EU000A1G0AM1 19-Apr-12 19-Apr-19 6m euro +57 2340

3 EU000A1G0AN9 19-Apr-12 19-Apr-20 6m euro +64 2340

4 EU000A1G0AP4 19-Apr-12 19-Apr-21 6m euro +71 2240

5 EU000A1G0AQ2 19-Apr-12 19-Apr-22 6m euro +77 2240

6 EU000A1G0A57 19-Dec-12 19-Dec-22 6m euro +34 484



9 Total amp Average 57 Yrs 6m euro +58 14142

Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY

Funding from EFSF Repo (eurobn) Interbank Repos Τrends

EFSF Repo Cost (bps vs ECB Refinancing Rate)

euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16

Interbank funding through EFSF bond repos stood at euro52bn in

September 2016 from euro47bn in June 2016

Cost of funding has declined significantly ytd matching ECB refinance

rate

Volumes are expected to increase further as counterparty interest is

expanding

1

2

3

Further increase of EFSF repos at euro58bn in mid Nov2016

-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY

Cash Withdrawal Limitbull 100 of cash deposited after 220716 can be withdrawn

bull euro840 equivalent per fortnight per customer

Purchase of Greek Mutual

Fundsbull Allowed

New Account Opening

bull Allowed for existing (as of 110316) customers

bull Subject to specific criteria eg primary payroll account

for new customers

Greek Capital Market

Instrumentsbull Allowed

Additional Account

Beneficiary


bull Prohibited for new customers

Foreign Investments

Liquidationbull Proceeds can be re-invested

Transfers from abroad

bull 100 of incoming funds can be re-transferred abroad

bull 10 of incoming funds received before 220716 can be

withdrawn in cash

bull 30 of incoming funds received after 220716 can be

withdrawn in cash

Change of Custodian

Bankbull Prohibited when changing to foreign custodian

Outgoing Wire Transfers

abroadbull Private individuals can transfer up to euro1000 per month Trade Related Payments

bull lteuro350k approval at bank level

bull Weekly limit for bank-level committee at euro112mn

bull gteuro350k approval by the Banking Transactions

Approval Committee

Time Deposit Break bull Allowed Early Loan Repayment bull Allowed

21 ministerial decisions since imposition of Capital Controls indicating a gradual relaxation of the relative framework

05

40 | APPENDIX

A P P E N D I X

51 GROUP RESULTS DOMESTIC amp INTERNATIONAL

52 LOAN amp DEPOSIT PORTFOLIOS

53 ALTERNATIVE CHANNELS INCREASING USE

54 OVERVIEW OF INTERNATIONAL OPERATIONS

55 SEE MACRO OUTLOOK

05

41 | APPENDIX


Greece (euromn) International (euromn)

Q32016 Q32015 yoy

Net Interest Income 453 411 10

Net Fee Income 74 64 15

Banking Income 527 475 11

Trading amp Other Income 27 77 -65

Total Net Revenues (recurring) 554 552 0

- incl one-off Items (reported) 558 576 -3

Employee Costs (130) (139) -7

Administrative Expenses (123) (102) 20

Depreciation amp Other (23) (18) 25

Total Operating Costs (recurring) (276) (260) 6

- incl one-off Items (reported) (286) (280) 2

Pre Provision Income (recurring) 278 292 -5


Result from Associates 16 6 gt100

Impairment on Loans (217) (124) 75

Impairment on Other Assets (16) (8) gt100

Pre Tax Result 56 170 -67

Tax (11) 420 -

Net Result Attributable to SHs 46 589 -92

Discontinued Operations Result (7) 7 -

Q32016 Q32015 yoy

Net Interest Income 35 52 -33


Banking Income 43 59 -27


Total Net Revenues (recurring) 48 65 -26



Administrative Expenses (19) (20) -8

Depreciation amp Other (4) (4) -11

Total Operating Costs (recurring) (36) (39) -7

- incl one-off Items (reported) (36) (39) -7



Result from Associates 0 0 -

Impairment on Loans (25) (120) -79

Impairment on Other Assets (2) (12) -80

Pre Tax Result (15) (105) -85

Tax 0 18 -

Net Result Attributable to SHs (15) (87) -83

Discontinued Operations Result (5) (10) -53

Note all figures refer to continuing operations

05

42 | APPENDIX


Gross Loans Evolution (euromn) Deposits Evolution (euromn)

Sep15 Dec15 Mar16 Jun16 Sep16 yoy qoq

Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover

+21 avg of purchase trxs active card

+23 active customers

+39 logins

+44 transactions daily

32mn debit cards (27mn Jun15)

+14 credit cards in circulation

+13 prepaid cards in circulation

Debit cards

+100 turnover

+7 increase in customer portfolio penetration

Winbank Cards

Turnover +14

Fees +11

POS

EFTPOS terminals installations +96

New merchants +96

Turnover +111

Fees +68

Prepaid cards

+142 new prepaid cards

+81 turnover

| APPENDIX

Note quarterly data changes on annual basis

05

44 | APPENDIX


AlbaniaBulgariaRomania

Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152

(euromn as at Sep2016)

Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn

Total International1

1 Consolidated financial data for international operations total for countries illustrated

Market Shares Loans Deposits

Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries

hellipfiscal amp external balances in sustainable levels as final consumption exportsgain momentum

hellipevening out the ongoing international uncertaintyhellip

Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25

Sources Piraeus Bank Research National Statistical Sources-6

-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)

Current Account Balance ( of GDP)

201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON

hellipas inflation rates hover below the Central Banksrsquo targets

05 55 SEE MACRO OUTLOOK

SEE Growth continues to over-perform the EUhellip Easing of the Central Bank Monetary Policies continueshellip

Twin Deficits have Stabilizedhellip Table of Economic Forecasts

| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY

European Union Countries with Piraeus Bank Presence excl Ukraine

0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6

Albania(L) Romania(L) Serbia(L) Ukraine(R )

46

PIRAEUS BANK CONTACTS

4 Amerikis St 105 64 Athens Tel (+30 ) 210 3335062 3288332 3335026 investor_relationspiraeusbankgr

Bloomberg TPEIR GA | Reuters BOPrATISIN GRS014003016 | SEDOL BYWKR93wwwpiraeusbankgroupcom

Financial Management Contacts Investor Relation Contacts

bull Kostas Paschalis CFO bull Chryssanthi Berbati IRO

bull George Marinopoulos Deputy CFO bull Antonis Sagris IR Manager

copy 2016 Piraeus Bank - Investor Relations

C O N T E N T S

01 Q32016 HIGHLIGHTS

02 Q32016 FINANCIALS

03 ASSET QUALITY

04 LIQUIDITY

05 APPENDICES

2 | CONTENTS

01

3

Q 3 2 0 1 6 H I G H L I G H T S


12 SEPT2016 FIGURES


14 CAPITAL

15 LIQUIDITY

16 NPL PERFORMANCE

17 NPL NPE MOVEMENT


19 OUTLOOK


| Q32016 HIGHLIGHTS

4


PampL




NPLs| NPEs




Liquidity





De-risking




| Q32016 HIGHLIGHTS

01


Total assets 75397 6829 82226 84316

Gross loans 61547 3852 65399 66187




Equity - - 9964 9929



Branches () 671 260 931 939

Employees () 14976 3539 18335 18525


gt90dpd ratio 386 410 388 392


CET-1 (phased-in) - - 176 175


5

12 SEPT2016 FIGURES












| Q32016 HIGHLIGHTS

01

6



NII 488 484 1 463 5

NFI 82 79 3 71 15

Other 32 43 -25 83 -61

Revenues 602 607 -1 617 -2

OpEx (312) (319) -2 (299) 4

PPI 290 288 1 318 -9


292bps

49bps

52

296bps NIM


50 cost to incomeGR

OU

P Q

3

GR

EEC

E Q

3


euromn

970 920266 288 290

2014 2015 Q116 Q216 Q316

CoR

PPI

-3670-3487

-289 -265 -242



PPI 137 162 158 174 176

CoR 503 512 172 160 147

jaws -366 -350 -14 +14 +29

| Q32016 HIGHLIGHTS

01



-202

53262

-92

52968

-544

52424

Jun16RWA


Sep16RWA


Sep16RWA

pro-forma

7

14 CAPITAL


CET-1 Capital 92 87


RWAs 524 524

CET-1 ratio 176 167










30

-11

269193

Jun16CET-1

Q316Continued

Ops

Q316Discontinued

Ops

Minorities ampOther

Sep16CET-1

9238

| Q32016 HIGHLIGHTS

01

8

15 LIQUIDITY


1




bull Q4 to-date




3

4

5






from ELA

| Q32016 HIGHLIGHTS

46 of market inflow

01

238

-14

358327

-23 -34141 -31


345 361 -10 +04 +09 364

495

+08


9

16 NPL PERFORMANCE




321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

7165

7266

7267

73 68

Business Total

Dec15

Mar16

Jun16

Sep16



of total NPLs



1

2

3

4

5

NPL Coverage ()





| Q32016 HIGHLIGHTS

01

378369 369 368 367


01

10

17 NPL NPE MOVEMENT


2


275 269264

259253


| Q32016 HIGHLIGHTS







-euro22bn

-euro11bn





-euro163mn qoq

-euro587mn qoq



01

11


| Q32016 HIGHLIGHTS

Parent Data

Operational Targets

Submitted to SSM

2016 2019 Δ



NPLsgt90dpd 244 239

NPEs 342 341 203

102

Group Data 2016

in eurobnJun Sep

actual actual

NPLsgt90dpd 259 253

NPEs 368 367







liquidations

write-offs

selected sales





-41

-58

01


19 OUTLOOK







01





13020

10

75

2861

15

96

20 5130 34 35

54

2267

2158

2475

2817

200

220

240

260

280

300

00

50

100

150

200

250

300

350

1st

amp 2

nd

EA

P

Feb

-15

Au

g-15

No

v-15

Dec

-15

Jun

-16

Oct

-16

Q4

16

Q1

17

Q2

17

Q3

17

Q4

17

Q1

18

Q2

18

Au

g-18


ESM















-20

01 04

-07

07

-04

12

-14

0700

-15

12

-06

03 05

-52

-35

-18-22

06

00

0801

01 05

-22

04

-08 -06

15

-60

-50

-40

-30

-20

-10

00

10

20

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16


02

14

Q 3 2 0 1 6 F I N A N C I A L S







| Q32016 FINANCIALS

02

15


| Q32016 FINANCIALS

101

27

483

146

32

33Cash

AssetMix

Total

Securities

EFSF|ESM Bonds

Net Loans

PPE

Other

822

38

100

156

237

54

111

127

106

26

489

155

3137

42

99

147

237

49

124

144

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

822

FundingMix

Sep16

Total

CashSecurities

EFSF|ESM Bonds

Net Loans

PPE

Other

843

Jun16

Sep16

Jun16

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

843

(amounts eurobn)

16




4


Q316 Q216 qoq Q315 yoy 9Μ16 9Μ15 yoy


Net Fee Income 82 79 3 71 15 235 227 3

Trading Income 10 111 - 54 -81 127 63 100

Other Income 27 15 79 52 -48 65 84 -22



Employee Costs (151) (160) -5 (162) -6 (471) (494) -5











Tax 11 20 -46 (438) - 29 (779) -



1

2

3

5



1

2

6







6





tourism season


| Q32016 FINANCIALS

02

5

4

17






Gross Loans 65399 66187 68071 -1 -4


Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14


Fixed Assets 2735 2563 2544 7 8


Other Assets 3467 3341 3362 4 3


Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1





Total Equity 9964 9929 10021 0 -1


1

2

3

4



in Q2




1

2






4




market

| Q32016 FINANCIALS

02


55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








01

3

Q 3 2 0 1 6 H I G H L I G H T S


12 SEPT2016 FIGURES


14 CAPITAL

15 LIQUIDITY

16 NPL PERFORMANCE

17 NPL NPE MOVEMENT


19 OUTLOOK


| Q32016 HIGHLIGHTS

4


PampL




NPLs| NPEs




Liquidity





De-risking




| Q32016 HIGHLIGHTS

01


Total assets 75397 6829 82226 84316

Gross loans 61547 3852 65399 66187




Equity - - 9964 9929



Branches () 671 260 931 939

Employees () 14976 3539 18335 18525


gt90dpd ratio 386 410 388 392


CET-1 (phased-in) - - 176 175


5

12 SEPT2016 FIGURES












| Q32016 HIGHLIGHTS

01

6



NII 488 484 1 463 5

NFI 82 79 3 71 15

Other 32 43 -25 83 -61

Revenues 602 607 -1 617 -2

OpEx (312) (319) -2 (299) 4

PPI 290 288 1 318 -9


292bps

49bps

52

296bps NIM


50 cost to incomeGR

OU

P Q

3

GR

EEC

E Q

3


euromn

970 920266 288 290

2014 2015 Q116 Q216 Q316

CoR

PPI

-3670-3487

-289 -265 -242



PPI 137 162 158 174 176

CoR 503 512 172 160 147

jaws -366 -350 -14 +14 +29

| Q32016 HIGHLIGHTS

01



-202

53262

-92

52968

-544

52424

Jun16RWA


Sep16RWA


Sep16RWA

pro-forma

7

14 CAPITAL


CET-1 Capital 92 87


RWAs 524 524

CET-1 ratio 176 167










30

-11

269193

Jun16CET-1

Q316Continued

Ops

Q316Discontinued

Ops

Minorities ampOther

Sep16CET-1

9238

| Q32016 HIGHLIGHTS

01

8

15 LIQUIDITY


1




bull Q4 to-date




3

4

5






from ELA

| Q32016 HIGHLIGHTS

46 of market inflow

01

238

-14

358327

-23 -34141 -31


345 361 -10 +04 +09 364

495

+08


9

16 NPL PERFORMANCE




321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

7165

7266

7267

73 68

Business Total

Dec15

Mar16

Jun16

Sep16



of total NPLs



1

2

3

4

5

NPL Coverage ()





| Q32016 HIGHLIGHTS

01

378369 369 368 367


01

10

17 NPL NPE MOVEMENT


2


275 269264

259253


| Q32016 HIGHLIGHTS







-euro22bn

-euro11bn





-euro163mn qoq

-euro587mn qoq



01

11


| Q32016 HIGHLIGHTS

Parent Data

Operational Targets

Submitted to SSM

2016 2019 Δ



NPLsgt90dpd 244 239

NPEs 342 341 203

102

Group Data 2016

in eurobnJun Sep

actual actual

NPLsgt90dpd 259 253

NPEs 368 367







liquidations

write-offs

selected sales





-41

-58

01


19 OUTLOOK







01





13020

10

75

2861

15

96

20 5130 34 35

54

2267

2158

2475

2817

200

220

240

260

280

300

00

50

100

150

200

250

300

350

1st

amp 2

nd

EA

P

Feb

-15

Au

g-15

No

v-15

Dec

-15

Jun

-16

Oct

-16

Q4

16

Q1

17

Q2

17

Q3

17

Q4

17

Q1

18

Q2

18

Au

g-18


ESM















-20

01 04

-07

07

-04

12

-14

0700

-15

12

-06

03 05

-52

-35

-18-22

06

00

0801

01 05

-22

04

-08 -06

15

-60

-50

-40

-30

-20

-10

00

10

20

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16


02

14

Q 3 2 0 1 6 F I N A N C I A L S







| Q32016 FINANCIALS

02

15


| Q32016 FINANCIALS

101

27

483

146

32

33Cash

AssetMix

Total

Securities

EFSF|ESM Bonds

Net Loans

PPE

Other

822

38

100

156

237

54

111

127

106

26

489

155

3137

42

99

147

237

49

124

144

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

822

FundingMix

Sep16

Total

CashSecurities

EFSF|ESM Bonds

Net Loans

PPE

Other

843

Jun16

Sep16

Jun16

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

843

(amounts eurobn)

16




4


Q316 Q216 qoq Q315 yoy 9Μ16 9Μ15 yoy


Net Fee Income 82 79 3 71 15 235 227 3

Trading Income 10 111 - 54 -81 127 63 100

Other Income 27 15 79 52 -48 65 84 -22



Employee Costs (151) (160) -5 (162) -6 (471) (494) -5











Tax 11 20 -46 (438) - 29 (779) -



1

2

3

5



1

2

6







6





tourism season


| Q32016 FINANCIALS

02

5

4

17






Gross Loans 65399 66187 68071 -1 -4


Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14


Fixed Assets 2735 2563 2544 7 8


Other Assets 3467 3341 3362 4 3


Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1





Total Equity 9964 9929 10021 0 -1


1

2

3

4



in Q2




1

2






4




market

| Q32016 FINANCIALS

02


55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








4


PampL




NPLs| NPEs




Liquidity





De-risking




| Q32016 HIGHLIGHTS

01


Total assets 75397 6829 82226 84316

Gross loans 61547 3852 65399 66187




Equity - - 9964 9929



Branches () 671 260 931 939

Employees () 14976 3539 18335 18525


gt90dpd ratio 386 410 388 392


CET-1 (phased-in) - - 176 175


5

12 SEPT2016 FIGURES












| Q32016 HIGHLIGHTS

01

6



NII 488 484 1 463 5

NFI 82 79 3 71 15

Other 32 43 -25 83 -61

Revenues 602 607 -1 617 -2

OpEx (312) (319) -2 (299) 4

PPI 290 288 1 318 -9


292bps

49bps

52

296bps NIM


50 cost to incomeGR

OU

P Q

3

GR

EEC

E Q

3


euromn

970 920266 288 290

2014 2015 Q116 Q216 Q316

CoR

PPI

-3670-3487

-289 -265 -242



PPI 137 162 158 174 176

CoR 503 512 172 160 147

jaws -366 -350 -14 +14 +29

| Q32016 HIGHLIGHTS

01



-202

53262

-92

52968

-544

52424

Jun16RWA


Sep16RWA


Sep16RWA

pro-forma

7

14 CAPITAL


CET-1 Capital 92 87


RWAs 524 524

CET-1 ratio 176 167










30

-11

269193

Jun16CET-1

Q316Continued

Ops

Q316Discontinued

Ops

Minorities ampOther

Sep16CET-1

9238

| Q32016 HIGHLIGHTS

01

8

15 LIQUIDITY


1




bull Q4 to-date




3

4

5






from ELA

| Q32016 HIGHLIGHTS

46 of market inflow

01

238

-14

358327

-23 -34141 -31


345 361 -10 +04 +09 364

495

+08


9

16 NPL PERFORMANCE




321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

7165

7266

7267

73 68

Business Total

Dec15

Mar16

Jun16

Sep16



of total NPLs



1

2

3

4

5

NPL Coverage ()





| Q32016 HIGHLIGHTS

01

378369 369 368 367


01

10

17 NPL NPE MOVEMENT


2


275 269264

259253


| Q32016 HIGHLIGHTS







-euro22bn

-euro11bn





-euro163mn qoq

-euro587mn qoq



01

11


| Q32016 HIGHLIGHTS

Parent Data

Operational Targets

Submitted to SSM

2016 2019 Δ



NPLsgt90dpd 244 239

NPEs 342 341 203

102

Group Data 2016

in eurobnJun Sep

actual actual

NPLsgt90dpd 259 253

NPEs 368 367







liquidations

write-offs

selected sales





-41

-58

01


19 OUTLOOK







01





13020

10

75

2861

15

96

20 5130 34 35

54

2267

2158

2475

2817

200

220

240

260

280

300

00

50

100

150

200

250

300

350

1st

amp 2

nd

EA

P

Feb

-15

Au

g-15

No

v-15

Dec

-15

Jun

-16

Oct

-16

Q4

16

Q1

17

Q2

17

Q3

17

Q4

17

Q1

18

Q2

18

Au

g-18


ESM















-20

01 04

-07

07

-04

12

-14

0700

-15

12

-06

03 05

-52

-35

-18-22

06

00

0801

01 05

-22

04

-08 -06

15

-60

-50

-40

-30

-20

-10

00

10

20

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16


02

14

Q 3 2 0 1 6 F I N A N C I A L S







| Q32016 FINANCIALS

02

15


| Q32016 FINANCIALS

101

27

483

146

32

33Cash

AssetMix

Total

Securities

EFSF|ESM Bonds

Net Loans

PPE

Other

822

38

100

156

237

54

111

127

106

26

489

155

3137

42

99

147

237

49

124

144

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

822

FundingMix

Sep16

Total

CashSecurities

EFSF|ESM Bonds

Net Loans

PPE

Other

843

Jun16

Sep16

Jun16

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

843

(amounts eurobn)

16




4


Q316 Q216 qoq Q315 yoy 9Μ16 9Μ15 yoy


Net Fee Income 82 79 3 71 15 235 227 3

Trading Income 10 111 - 54 -81 127 63 100

Other Income 27 15 79 52 -48 65 84 -22



Employee Costs (151) (160) -5 (162) -6 (471) (494) -5











Tax 11 20 -46 (438) - 29 (779) -



1

2

3

5



1

2

6







6





tourism season


| Q32016 FINANCIALS

02

5

4

17






Gross Loans 65399 66187 68071 -1 -4


Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14


Fixed Assets 2735 2563 2544 7 8


Other Assets 3467 3341 3362 4 3


Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1





Total Equity 9964 9929 10021 0 -1


1

2

3

4



in Q2




1

2






4




market

| Q32016 FINANCIALS

02


55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46









Total assets 75397 6829 82226 84316

Gross loans 61547 3852 65399 66187




Equity - - 9964 9929



Branches () 671 260 931 939

Employees () 14976 3539 18335 18525


gt90dpd ratio 386 410 388 392


CET-1 (phased-in) - - 176 175


5

12 SEPT2016 FIGURES












| Q32016 HIGHLIGHTS

01

6



NII 488 484 1 463 5

NFI 82 79 3 71 15

Other 32 43 -25 83 -61

Revenues 602 607 -1 617 -2

OpEx (312) (319) -2 (299) 4

PPI 290 288 1 318 -9


292bps

49bps

52

296bps NIM


50 cost to incomeGR

OU

P Q

3

GR

EEC

E Q

3


euromn

970 920266 288 290

2014 2015 Q116 Q216 Q316

CoR

PPI

-3670-3487

-289 -265 -242



PPI 137 162 158 174 176

CoR 503 512 172 160 147

jaws -366 -350 -14 +14 +29

| Q32016 HIGHLIGHTS

01



-202

53262

-92

52968

-544

52424

Jun16RWA


Sep16RWA


Sep16RWA

pro-forma

7

14 CAPITAL


CET-1 Capital 92 87


RWAs 524 524

CET-1 ratio 176 167










30

-11

269193

Jun16CET-1

Q316Continued

Ops

Q316Discontinued

Ops

Minorities ampOther

Sep16CET-1

9238

| Q32016 HIGHLIGHTS

01

8

15 LIQUIDITY


1




bull Q4 to-date




3

4

5






from ELA

| Q32016 HIGHLIGHTS

46 of market inflow

01

238

-14

358327

-23 -34141 -31


345 361 -10 +04 +09 364

495

+08


9

16 NPL PERFORMANCE




321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

7165

7266

7267

73 68

Business Total

Dec15

Mar16

Jun16

Sep16



of total NPLs



1

2

3

4

5

NPL Coverage ()





| Q32016 HIGHLIGHTS

01

378369 369 368 367


01

10

17 NPL NPE MOVEMENT


2


275 269264

259253


| Q32016 HIGHLIGHTS







-euro22bn

-euro11bn





-euro163mn qoq

-euro587mn qoq



01

11


| Q32016 HIGHLIGHTS

Parent Data

Operational Targets

Submitted to SSM

2016 2019 Δ



NPLsgt90dpd 244 239

NPEs 342 341 203

102

Group Data 2016

in eurobnJun Sep

actual actual

NPLsgt90dpd 259 253

NPEs 368 367







liquidations

write-offs

selected sales





-41

-58

01


19 OUTLOOK







01





13020

10

75

2861

15

96

20 5130 34 35

54

2267

2158

2475

2817

200

220

240

260

280

300

00

50

100

150

200

250

300

350

1st

amp 2

nd

EA

P

Feb

-15

Au

g-15

No

v-15

Dec

-15

Jun

-16

Oct

-16

Q4

16

Q1

17

Q2

17

Q3

17

Q4

17

Q1

18

Q2

18

Au

g-18


ESM















-20

01 04

-07

07

-04

12

-14

0700

-15

12

-06

03 05

-52

-35

-18-22

06

00

0801

01 05

-22

04

-08 -06

15

-60

-50

-40

-30

-20

-10

00

10

20

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16


02

14

Q 3 2 0 1 6 F I N A N C I A L S







| Q32016 FINANCIALS

02

15


| Q32016 FINANCIALS

101

27

483

146

32

33Cash

AssetMix

Total

Securities

EFSF|ESM Bonds

Net Loans

PPE

Other

822

38

100

156

237

54

111

127

106

26

489

155

3137

42

99

147

237

49

124

144

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

822

FundingMix

Sep16

Total

CashSecurities

EFSF|ESM Bonds

Net Loans

PPE

Other

843

Jun16

Sep16

Jun16

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

843

(amounts eurobn)

16




4


Q316 Q216 qoq Q315 yoy 9Μ16 9Μ15 yoy


Net Fee Income 82 79 3 71 15 235 227 3

Trading Income 10 111 - 54 -81 127 63 100

Other Income 27 15 79 52 -48 65 84 -22



Employee Costs (151) (160) -5 (162) -6 (471) (494) -5











Tax 11 20 -46 (438) - 29 (779) -



1

2

3

5



1

2

6







6





tourism season


| Q32016 FINANCIALS

02

5

4

17






Gross Loans 65399 66187 68071 -1 -4


Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14


Fixed Assets 2735 2563 2544 7 8


Other Assets 3467 3341 3362 4 3


Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1





Total Equity 9964 9929 10021 0 -1


1

2

3

4



in Q2




1

2






4




market

| Q32016 FINANCIALS

02


55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








6



NII 488 484 1 463 5

NFI 82 79 3 71 15

Other 32 43 -25 83 -61

Revenues 602 607 -1 617 -2

OpEx (312) (319) -2 (299) 4

PPI 290 288 1 318 -9


292bps

49bps

52

296bps NIM


50 cost to incomeGR

OU

P Q

3

GR

EEC

E Q

3


euromn

970 920266 288 290

2014 2015 Q116 Q216 Q316

CoR

PPI

-3670-3487

-289 -265 -242



PPI 137 162 158 174 176

CoR 503 512 172 160 147

jaws -366 -350 -14 +14 +29

| Q32016 HIGHLIGHTS

01



-202

53262

-92

52968

-544

52424

Jun16RWA


Sep16RWA


Sep16RWA

pro-forma

7

14 CAPITAL


CET-1 Capital 92 87


RWAs 524 524

CET-1 ratio 176 167










30

-11

269193

Jun16CET-1

Q316Continued

Ops

Q316Discontinued

Ops

Minorities ampOther

Sep16CET-1

9238

| Q32016 HIGHLIGHTS

01

8

15 LIQUIDITY


1




bull Q4 to-date




3

4

5






from ELA

| Q32016 HIGHLIGHTS

46 of market inflow

01

238

-14

358327

-23 -34141 -31


345 361 -10 +04 +09 364

495

+08


9

16 NPL PERFORMANCE




321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

7165

7266

7267

73 68

Business Total

Dec15

Mar16

Jun16

Sep16



of total NPLs



1

2

3

4

5

NPL Coverage ()





| Q32016 HIGHLIGHTS

01

378369 369 368 367


01

10

17 NPL NPE MOVEMENT


2


275 269264

259253


| Q32016 HIGHLIGHTS







-euro22bn

-euro11bn





-euro163mn qoq

-euro587mn qoq



01

11


| Q32016 HIGHLIGHTS

Parent Data

Operational Targets

Submitted to SSM

2016 2019 Δ



NPLsgt90dpd 244 239

NPEs 342 341 203

102

Group Data 2016

in eurobnJun Sep

actual actual

NPLsgt90dpd 259 253

NPEs 368 367







liquidations

write-offs

selected sales





-41

-58

01


19 OUTLOOK







01





13020

10

75

2861

15

96

20 5130 34 35

54

2267

2158

2475

2817

200

220

240

260

280

300

00

50

100

150

200

250

300

350

1st

amp 2

nd

EA

P

Feb

-15

Au

g-15

No

v-15

Dec

-15

Jun

-16

Oct

-16

Q4

16

Q1

17

Q2

17

Q3

17

Q4

17

Q1

18

Q2

18

Au

g-18


ESM















-20

01 04

-07

07

-04

12

-14

0700

-15

12

-06

03 05

-52

-35

-18-22

06

00

0801

01 05

-22

04

-08 -06

15

-60

-50

-40

-30

-20

-10

00

10

20

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16


02

14

Q 3 2 0 1 6 F I N A N C I A L S







| Q32016 FINANCIALS

02

15


| Q32016 FINANCIALS

101

27

483

146

32

33Cash

AssetMix

Total

Securities

EFSF|ESM Bonds

Net Loans

PPE

Other

822

38

100

156

237

54

111

127

106

26

489

155

3137

42

99

147

237

49

124

144

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

822

FundingMix

Sep16

Total

CashSecurities

EFSF|ESM Bonds

Net Loans

PPE

Other

843

Jun16

Sep16

Jun16

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

843

(amounts eurobn)

16




4


Q316 Q216 qoq Q315 yoy 9Μ16 9Μ15 yoy


Net Fee Income 82 79 3 71 15 235 227 3

Trading Income 10 111 - 54 -81 127 63 100

Other Income 27 15 79 52 -48 65 84 -22



Employee Costs (151) (160) -5 (162) -6 (471) (494) -5











Tax 11 20 -46 (438) - 29 (779) -



1

2

3

5



1

2

6







6





tourism season


| Q32016 FINANCIALS

02

5

4

17






Gross Loans 65399 66187 68071 -1 -4


Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14


Fixed Assets 2735 2563 2544 7 8


Other Assets 3467 3341 3362 4 3


Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1





Total Equity 9964 9929 10021 0 -1


1

2

3

4



in Q2




1

2






4




market

| Q32016 FINANCIALS

02


55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








-202

53262

-92

52968

-544

52424

Jun16RWA


Sep16RWA


Sep16RWA

pro-forma

7

14 CAPITAL


CET-1 Capital 92 87


RWAs 524 524

CET-1 ratio 176 167










30

-11

269193

Jun16CET-1

Q316Continued

Ops

Q316Discontinued

Ops

Minorities ampOther

Sep16CET-1

9238

| Q32016 HIGHLIGHTS

01

8

15 LIQUIDITY


1




bull Q4 to-date




3

4

5






from ELA

| Q32016 HIGHLIGHTS

46 of market inflow

01

238

-14

358327

-23 -34141 -31


345 361 -10 +04 +09 364

495

+08


9

16 NPL PERFORMANCE




321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

7165

7266

7267

73 68

Business Total

Dec15

Mar16

Jun16

Sep16



of total NPLs



1

2

3

4

5

NPL Coverage ()





| Q32016 HIGHLIGHTS

01

378369 369 368 367


01

10

17 NPL NPE MOVEMENT


2


275 269264

259253


| Q32016 HIGHLIGHTS







-euro22bn

-euro11bn





-euro163mn qoq

-euro587mn qoq



01

11


| Q32016 HIGHLIGHTS

Parent Data

Operational Targets

Submitted to SSM

2016 2019 Δ



NPLsgt90dpd 244 239

NPEs 342 341 203

102

Group Data 2016

in eurobnJun Sep

actual actual

NPLsgt90dpd 259 253

NPEs 368 367







liquidations

write-offs

selected sales





-41

-58

01


19 OUTLOOK







01





13020

10

75

2861

15

96

20 5130 34 35

54

2267

2158

2475

2817

200

220

240

260

280

300

00

50

100

150

200

250

300

350

1st

amp 2

nd

EA

P

Feb

-15

Au

g-15

No

v-15

Dec

-15

Jun

-16

Oct

-16

Q4

16

Q1

17

Q2

17

Q3

17

Q4

17

Q1

18

Q2

18

Au

g-18


ESM















-20

01 04

-07

07

-04

12

-14

0700

-15

12

-06

03 05

-52

-35

-18-22

06

00

0801

01 05

-22

04

-08 -06

15

-60

-50

-40

-30

-20

-10

00

10

20

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16


02

14

Q 3 2 0 1 6 F I N A N C I A L S







| Q32016 FINANCIALS

02

15


| Q32016 FINANCIALS

101

27

483

146

32

33Cash

AssetMix

Total

Securities

EFSF|ESM Bonds

Net Loans

PPE

Other

822

38

100

156

237

54

111

127

106

26

489

155

3137

42

99

147

237

49

124

144

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

822

FundingMix

Sep16

Total

CashSecurities

EFSF|ESM Bonds

Net Loans

PPE

Other

843

Jun16

Sep16

Jun16

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

843

(amounts eurobn)

16




4


Q316 Q216 qoq Q315 yoy 9Μ16 9Μ15 yoy


Net Fee Income 82 79 3 71 15 235 227 3

Trading Income 10 111 - 54 -81 127 63 100

Other Income 27 15 79 52 -48 65 84 -22



Employee Costs (151) (160) -5 (162) -6 (471) (494) -5











Tax 11 20 -46 (438) - 29 (779) -



1

2

3

5



1

2

6







6





tourism season


| Q32016 FINANCIALS

02

5

4

17






Gross Loans 65399 66187 68071 -1 -4


Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14


Fixed Assets 2735 2563 2544 7 8


Other Assets 3467 3341 3362 4 3


Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1





Total Equity 9964 9929 10021 0 -1


1

2

3

4



in Q2




1

2






4




market

| Q32016 FINANCIALS

02


55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








8

15 LIQUIDITY


1




bull Q4 to-date




3

4

5






from ELA

| Q32016 HIGHLIGHTS

46 of market inflow

01

238

-14

358327

-23 -34141 -31


345 361 -10 +04 +09 364

495

+08


9

16 NPL PERFORMANCE




321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

7165

7266

7267

73 68

Business Total

Dec15

Mar16

Jun16

Sep16



of total NPLs



1

2

3

4

5

NPL Coverage ()





| Q32016 HIGHLIGHTS

01

378369 369 368 367


01

10

17 NPL NPE MOVEMENT


2


275 269264

259253


| Q32016 HIGHLIGHTS







-euro22bn

-euro11bn





-euro163mn qoq

-euro587mn qoq



01

11


| Q32016 HIGHLIGHTS

Parent Data

Operational Targets

Submitted to SSM

2016 2019 Δ



NPLsgt90dpd 244 239

NPEs 342 341 203

102

Group Data 2016

in eurobnJun Sep

actual actual

NPLsgt90dpd 259 253

NPEs 368 367







liquidations

write-offs

selected sales





-41

-58

01


19 OUTLOOK







01





13020

10

75

2861

15

96

20 5130 34 35

54

2267

2158

2475

2817

200

220

240

260

280

300

00

50

100

150

200

250

300

350

1st

amp 2

nd

EA

P

Feb

-15

Au

g-15

No

v-15

Dec

-15

Jun

-16

Oct

-16

Q4

16

Q1

17

Q2

17

Q3

17

Q4

17

Q1

18

Q2

18

Au

g-18


ESM















-20

01 04

-07

07

-04

12

-14

0700

-15

12

-06

03 05

-52

-35

-18-22

06

00

0801

01 05

-22

04

-08 -06

15

-60

-50

-40

-30

-20

-10

00

10

20

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16


02

14

Q 3 2 0 1 6 F I N A N C I A L S







| Q32016 FINANCIALS

02

15


| Q32016 FINANCIALS

101

27

483

146

32

33Cash

AssetMix

Total

Securities

EFSF|ESM Bonds

Net Loans

PPE

Other

822

38

100

156

237

54

111

127

106

26

489

155

3137

42

99

147

237

49

124

144

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

822

FundingMix

Sep16

Total

CashSecurities

EFSF|ESM Bonds

Net Loans

PPE

Other

843

Jun16

Sep16

Jun16

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

843

(amounts eurobn)

16




4


Q316 Q216 qoq Q315 yoy 9Μ16 9Μ15 yoy


Net Fee Income 82 79 3 71 15 235 227 3

Trading Income 10 111 - 54 -81 127 63 100

Other Income 27 15 79 52 -48 65 84 -22



Employee Costs (151) (160) -5 (162) -6 (471) (494) -5











Tax 11 20 -46 (438) - 29 (779) -



1

2

3

5



1

2

6







6





tourism season


| Q32016 FINANCIALS

02

5

4

17






Gross Loans 65399 66187 68071 -1 -4


Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14


Fixed Assets 2735 2563 2544 7 8


Other Assets 3467 3341 3362 4 3


Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1





Total Equity 9964 9929 10021 0 -1


1

2

3

4



in Q2




1

2






4




market

| Q32016 FINANCIALS

02


55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








9

16 NPL PERFORMANCE




321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

7165

7266

7267

73 68

Business Total

Dec15

Mar16

Jun16

Sep16



of total NPLs



1

2

3

4

5

NPL Coverage ()





| Q32016 HIGHLIGHTS

01

378369 369 368 367


01

10

17 NPL NPE MOVEMENT


2


275 269264

259253


| Q32016 HIGHLIGHTS







-euro22bn

-euro11bn





-euro163mn qoq

-euro587mn qoq



01

11


| Q32016 HIGHLIGHTS

Parent Data

Operational Targets

Submitted to SSM

2016 2019 Δ



NPLsgt90dpd 244 239

NPEs 342 341 203

102

Group Data 2016

in eurobnJun Sep

actual actual

NPLsgt90dpd 259 253

NPEs 368 367







liquidations

write-offs

selected sales





-41

-58

01


19 OUTLOOK







01





13020

10

75

2861

15

96

20 5130 34 35

54

2267

2158

2475

2817

200

220

240

260

280

300

00

50

100

150

200

250

300

350

1st

amp 2

nd

EA

P

Feb

-15

Au

g-15

No

v-15

Dec

-15

Jun

-16

Oct

-16

Q4

16

Q1

17

Q2

17

Q3

17

Q4

17

Q1

18

Q2

18

Au

g-18


ESM















-20

01 04

-07

07

-04

12

-14

0700

-15

12

-06

03 05

-52

-35

-18-22

06

00

0801

01 05

-22

04

-08 -06

15

-60

-50

-40

-30

-20

-10

00

10

20

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16


02

14

Q 3 2 0 1 6 F I N A N C I A L S







| Q32016 FINANCIALS

02

15


| Q32016 FINANCIALS

101

27

483

146

32

33Cash

AssetMix

Total

Securities

EFSF|ESM Bonds

Net Loans

PPE

Other

822

38

100

156

237

54

111

127

106

26

489

155

3137

42

99

147

237

49

124

144

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

822

FundingMix

Sep16

Total

CashSecurities

EFSF|ESM Bonds

Net Loans

PPE

Other

843

Jun16

Sep16

Jun16

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

843

(amounts eurobn)

16




4


Q316 Q216 qoq Q315 yoy 9Μ16 9Μ15 yoy


Net Fee Income 82 79 3 71 15 235 227 3

Trading Income 10 111 - 54 -81 127 63 100

Other Income 27 15 79 52 -48 65 84 -22



Employee Costs (151) (160) -5 (162) -6 (471) (494) -5











Tax 11 20 -46 (438) - 29 (779) -



1

2

3

5



1

2

6







6





tourism season


| Q32016 FINANCIALS

02

5

4

17






Gross Loans 65399 66187 68071 -1 -4


Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14


Fixed Assets 2735 2563 2544 7 8


Other Assets 3467 3341 3362 4 3


Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1





Total Equity 9964 9929 10021 0 -1


1

2

3

4



in Q2




1

2






4




market

| Q32016 FINANCIALS

02


55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








378369 369 368 367


01

10

17 NPL NPE MOVEMENT


2


275 269264

259253


| Q32016 HIGHLIGHTS







-euro22bn

-euro11bn





-euro163mn qoq

-euro587mn qoq



01

11


| Q32016 HIGHLIGHTS

Parent Data

Operational Targets

Submitted to SSM

2016 2019 Δ



NPLsgt90dpd 244 239

NPEs 342 341 203

102

Group Data 2016

in eurobnJun Sep

actual actual

NPLsgt90dpd 259 253

NPEs 368 367







liquidations

write-offs

selected sales





-41

-58

01


19 OUTLOOK







01





13020

10

75

2861

15

96

20 5130 34 35

54

2267

2158

2475

2817

200

220

240

260

280

300

00

50

100

150

200

250

300

350

1st

amp 2

nd

EA

P

Feb

-15

Au

g-15

No

v-15

Dec

-15

Jun

-16

Oct

-16

Q4

16

Q1

17

Q2

17

Q3

17

Q4

17

Q1

18

Q2

18

Au

g-18


ESM















-20

01 04

-07

07

-04

12

-14

0700

-15

12

-06

03 05

-52

-35

-18-22

06

00

0801

01 05

-22

04

-08 -06

15

-60

-50

-40

-30

-20

-10

00

10

20

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16


02

14

Q 3 2 0 1 6 F I N A N C I A L S







| Q32016 FINANCIALS

02

15


| Q32016 FINANCIALS

101

27

483

146

32

33Cash

AssetMix

Total

Securities

EFSF|ESM Bonds

Net Loans

PPE

Other

822

38

100

156

237

54

111

127

106

26

489

155

3137

42

99

147

237

49

124

144

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

822

FundingMix

Sep16

Total

CashSecurities

EFSF|ESM Bonds

Net Loans

PPE

Other

843

Jun16

Sep16

Jun16

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

843

(amounts eurobn)

16




4


Q316 Q216 qoq Q315 yoy 9Μ16 9Μ15 yoy


Net Fee Income 82 79 3 71 15 235 227 3

Trading Income 10 111 - 54 -81 127 63 100

Other Income 27 15 79 52 -48 65 84 -22



Employee Costs (151) (160) -5 (162) -6 (471) (494) -5











Tax 11 20 -46 (438) - 29 (779) -



1

2

3

5



1

2

6







6





tourism season


| Q32016 FINANCIALS

02

5

4

17






Gross Loans 65399 66187 68071 -1 -4


Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14


Fixed Assets 2735 2563 2544 7 8


Other Assets 3467 3341 3362 4 3


Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1





Total Equity 9964 9929 10021 0 -1


1

2

3

4



in Q2




1

2






4




market

| Q32016 FINANCIALS

02


55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








01

11


| Q32016 HIGHLIGHTS

Parent Data

Operational Targets

Submitted to SSM

2016 2019 Δ



NPLsgt90dpd 244 239

NPEs 342 341 203

102

Group Data 2016

in eurobnJun Sep

actual actual

NPLsgt90dpd 259 253

NPEs 368 367







liquidations

write-offs

selected sales





-41

-58

01


19 OUTLOOK







01





13020

10

75

2861

15

96

20 5130 34 35

54

2267

2158

2475

2817

200

220

240

260

280

300

00

50

100

150

200

250

300

350

1st

amp 2

nd

EA

P

Feb

-15

Au

g-15

No

v-15

Dec

-15

Jun

-16

Oct

-16

Q4

16

Q1

17

Q2

17

Q3

17

Q4

17

Q1

18

Q2

18

Au

g-18


ESM















-20

01 04

-07

07

-04

12

-14

0700

-15

12

-06

03 05

-52

-35

-18-22

06

00

0801

01 05

-22

04

-08 -06

15

-60

-50

-40

-30

-20

-10

00

10

20

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16


02

14

Q 3 2 0 1 6 F I N A N C I A L S







| Q32016 FINANCIALS

02

15


| Q32016 FINANCIALS

101

27

483

146

32

33Cash

AssetMix

Total

Securities

EFSF|ESM Bonds

Net Loans

PPE

Other

822

38

100

156

237

54

111

127

106

26

489

155

3137

42

99

147

237

49

124

144

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

822

FundingMix

Sep16

Total

CashSecurities

EFSF|ESM Bonds

Net Loans

PPE

Other

843

Jun16

Sep16

Jun16

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

843

(amounts eurobn)

16




4


Q316 Q216 qoq Q315 yoy 9Μ16 9Μ15 yoy


Net Fee Income 82 79 3 71 15 235 227 3

Trading Income 10 111 - 54 -81 127 63 100

Other Income 27 15 79 52 -48 65 84 -22



Employee Costs (151) (160) -5 (162) -6 (471) (494) -5











Tax 11 20 -46 (438) - 29 (779) -



1

2

3

5



1

2

6







6





tourism season


| Q32016 FINANCIALS

02

5

4

17






Gross Loans 65399 66187 68071 -1 -4


Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14


Fixed Assets 2735 2563 2544 7 8


Other Assets 3467 3341 3362 4 3


Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1





Total Equity 9964 9929 10021 0 -1


1

2

3

4



in Q2




1

2






4




market

| Q32016 FINANCIALS

02


55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








01


19 OUTLOOK







01





13020

10

75

2861

15

96

20 5130 34 35

54

2267

2158

2475

2817

200

220

240

260

280

300

00

50

100

150

200

250

300

350

1st

amp 2

nd

EA

P

Feb

-15

Au

g-15

No

v-15

Dec

-15

Jun

-16

Oct

-16

Q4

16

Q1

17

Q2

17

Q3

17

Q4

17

Q1

18

Q2

18

Au

g-18


ESM















-20

01 04

-07

07

-04

12

-14

0700

-15

12

-06

03 05

-52

-35

-18-22

06

00

0801

01 05

-22

04

-08 -06

15

-60

-50

-40

-30

-20

-10

00

10

20

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16


02

14

Q 3 2 0 1 6 F I N A N C I A L S







| Q32016 FINANCIALS

02

15


| Q32016 FINANCIALS

101

27

483

146

32

33Cash

AssetMix

Total

Securities

EFSF|ESM Bonds

Net Loans

PPE

Other

822

38

100

156

237

54

111

127

106

26

489

155

3137

42

99

147

237

49

124

144

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

822

FundingMix

Sep16

Total

CashSecurities

EFSF|ESM Bonds

Net Loans

PPE

Other

843

Jun16

Sep16

Jun16

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

843

(amounts eurobn)

16




4


Q316 Q216 qoq Q315 yoy 9Μ16 9Μ15 yoy


Net Fee Income 82 79 3 71 15 235 227 3

Trading Income 10 111 - 54 -81 127 63 100

Other Income 27 15 79 52 -48 65 84 -22



Employee Costs (151) (160) -5 (162) -6 (471) (494) -5











Tax 11 20 -46 (438) - 29 (779) -



1

2

3

5



1

2

6







6





tourism season


| Q32016 FINANCIALS

02

5

4

17






Gross Loans 65399 66187 68071 -1 -4


Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14


Fixed Assets 2735 2563 2544 7 8


Other Assets 3467 3341 3362 4 3


Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1





Total Equity 9964 9929 10021 0 -1


1

2

3

4



in Q2




1

2






4




market

| Q32016 FINANCIALS

02


55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








01





13020

10

75

2861

15

96

20 5130 34 35

54

2267

2158

2475

2817

200

220

240

260

280

300

00

50

100

150

200

250

300

350

1st

amp 2

nd

EA

P

Feb

-15

Au

g-15

No

v-15

Dec

-15

Jun

-16

Oct

-16

Q4

16

Q1

17

Q2

17

Q3

17

Q4

17

Q1

18

Q2

18

Au

g-18


ESM















-20

01 04

-07

07

-04

12

-14

0700

-15

12

-06

03 05

-52

-35

-18-22

06

00

0801

01 05

-22

04

-08 -06

15

-60

-50

-40

-30

-20

-10

00

10

20

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16


02

14

Q 3 2 0 1 6 F I N A N C I A L S







| Q32016 FINANCIALS

02

15


| Q32016 FINANCIALS

101

27

483

146

32

33Cash

AssetMix

Total

Securities

EFSF|ESM Bonds

Net Loans

PPE

Other

822

38

100

156

237

54

111

127

106

26

489

155

3137

42

99

147

237

49

124

144

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

822

FundingMix

Sep16

Total

CashSecurities

EFSF|ESM Bonds

Net Loans

PPE

Other

843

Jun16

Sep16

Jun16

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

843

(amounts eurobn)

16




4


Q316 Q216 qoq Q315 yoy 9Μ16 9Μ15 yoy


Net Fee Income 82 79 3 71 15 235 227 3

Trading Income 10 111 - 54 -81 127 63 100

Other Income 27 15 79 52 -48 65 84 -22



Employee Costs (151) (160) -5 (162) -6 (471) (494) -5











Tax 11 20 -46 (438) - 29 (779) -



1

2

3

5



1

2

6







6





tourism season


| Q32016 FINANCIALS

02

5

4

17






Gross Loans 65399 66187 68071 -1 -4


Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14


Fixed Assets 2735 2563 2544 7 8


Other Assets 3467 3341 3362 4 3


Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1





Total Equity 9964 9929 10021 0 -1


1

2

3

4



in Q2




1

2






4




market

| Q32016 FINANCIALS

02


55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








02

14

Q 3 2 0 1 6 F I N A N C I A L S







| Q32016 FINANCIALS

02

15


| Q32016 FINANCIALS

101

27

483

146

32

33Cash

AssetMix

Total

Securities

EFSF|ESM Bonds

Net Loans

PPE

Other

822

38

100

156

237

54

111

127

106

26

489

155

3137

42

99

147

237

49

124

144

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

822

FundingMix

Sep16

Total

CashSecurities

EFSF|ESM Bonds

Net Loans

PPE

Other

843

Jun16

Sep16

Jun16

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

843

(amounts eurobn)

16




4


Q316 Q216 qoq Q315 yoy 9Μ16 9Μ15 yoy


Net Fee Income 82 79 3 71 15 235 227 3

Trading Income 10 111 - 54 -81 127 63 100

Other Income 27 15 79 52 -48 65 84 -22



Employee Costs (151) (160) -5 (162) -6 (471) (494) -5











Tax 11 20 -46 (438) - 29 (779) -



1

2

3

5



1

2

6







6





tourism season


| Q32016 FINANCIALS

02

5

4

17






Gross Loans 65399 66187 68071 -1 -4


Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14


Fixed Assets 2735 2563 2544 7 8


Other Assets 3467 3341 3362 4 3


Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1





Total Equity 9964 9929 10021 0 -1


1

2

3

4



in Q2




1

2






4




market

| Q32016 FINANCIALS

02


55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








02

15


| Q32016 FINANCIALS

101

27

483

146

32

33Cash

AssetMix

Total

Securities

EFSF|ESM Bonds

Net Loans

PPE

Other

822

38

100

156

237

54

111

127

106

26

489

155

3137

42

99

147

237

49

124

144

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

822

FundingMix

Sep16

Total

CashSecurities

EFSF|ESM Bonds

Net Loans

PPE

Other

843

Jun16

Sep16

Jun16

Total

ECB

ELA

Interbank Repos

Core Deposits

Time Deposits

Total Equity

Other

843

(amounts eurobn)

16




4


Q316 Q216 qoq Q315 yoy 9Μ16 9Μ15 yoy


Net Fee Income 82 79 3 71 15 235 227 3

Trading Income 10 111 - 54 -81 127 63 100

Other Income 27 15 79 52 -48 65 84 -22



Employee Costs (151) (160) -5 (162) -6 (471) (494) -5











Tax 11 20 -46 (438) - 29 (779) -



1

2

3

5



1

2

6







6





tourism season


| Q32016 FINANCIALS

02

5

4

17






Gross Loans 65399 66187 68071 -1 -4


Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14


Fixed Assets 2735 2563 2544 7 8


Other Assets 3467 3341 3362 4 3


Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1





Total Equity 9964 9929 10021 0 -1


1

2

3

4



in Q2




1

2






4




market

| Q32016 FINANCIALS

02


55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








16




4


Q316 Q216 qoq Q315 yoy 9Μ16 9Μ15 yoy


Net Fee Income 82 79 3 71 15 235 227 3

Trading Income 10 111 - 54 -81 127 63 100

Other Income 27 15 79 52 -48 65 84 -22



Employee Costs (151) (160) -5 (162) -6 (471) (494) -5











Tax 11 20 -46 (438) - 29 (779) -



1

2

3

5



1

2

6







6





tourism season


| Q32016 FINANCIALS

02

5

4

17






Gross Loans 65399 66187 68071 -1 -4


Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14


Fixed Assets 2735 2563 2544 7 8


Other Assets 3467 3341 3362 4 3


Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1





Total Equity 9964 9929 10021 0 -1


1

2

3

4



in Q2




1

2






4




market

| Q32016 FINANCIALS

02


55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








17






Gross Loans 65399 66187 68071 -1 -4


Securities 17780 18577 20263 -4 -12

- ow EFSF ΕSM Bonds 14544 15474 16964 -6 -14


Fixed Assets 2735 2563 2544 7 8


Other Assets 3467 3341 3362 4 3


Total Assets 82226 84316 87528 -2 -6

Due to Banks 29303 31842 34491 -8 -15

Deposits 39281 38406 38952 2 1





Total Equity 9964 9929 10021 0 -1


1

2

3

4



in Q2




1

2






4




market

| Q32016 FINANCIALS

02


55

Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








Q316 Q216 qoq 9m16

NII 453 449 1 1341

NFI 74 71 3 212


OpEx (276) (277) 0 (826)

PPI 278 278 0 806

Loan impairment (217) (248) -13 (735)



02

18



1

2

3

4

1

2

3

4








| Q32016 FINANCIALS



5

02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








02

19


| Q32016 FINANCIALS

Business(stock)

Q315 Q415 Q116 Q216 Q316

Corporate 43 43 39 39 40

SMESBL 56 55 52 49 47

Total 48 46 44 44 43

Q315 Q415 Q116 Q216 Q316

Loan Rates

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Total Stock

FrontBook

Mortgages 25 34 25 46 24 44 23 39 23 38

Consumer 94 100 95 103 89 110 86 103 84 97

Business 48 62 46 59 44 55 44 51 43 60

Total 45 63 43 60 41 57 41 52 40 61

Q315 Q415 Q116 Q216 Q316

Deposits 080 065 059 051 051

Sight 057 060 062 057 060

Savings 017 017 017 013 011

Time 156 123 105 091 087

avg 3m euribor -003 -009 -019 -026 -030

Loans 446 433 411 407 400

Mortgages 249 246 238 233 228

Consumer 936 946 885 862 842

Business 482 463 440 439 431






02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46









02

20


| Q32016 FINANCIALS

1380

1063

709 671

19401

1672115627

14796

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900


4853 52

Q315 Q216 Q316



47 50 50

Q315 Q216 Q316


GREECE

GROUP


Initiatives


153 153 144 123 139 141

10 67 6 2 2

Q315 Q216 Q316 Q315 Q216 Q316

one-off items


Staff costs

Admin costs

160140

162129



151 143

03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








03

21





34 NPL COVERAGE





39 RBU PERIMETER


| ASSET QUALITY

1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








1449

1177 12671259

989 773500 369

8264

111385

80 -245 -189-335


321

-051

03

22


NPLs (euromn) Sep16

Business 17408

Mortgages 4600

Consumer 3338

TOTAL 25346

NPLs (euromn) Sep16

Greece 23767

International 1579

TOTAL 25 346

462

-81-49

-299

178

-96-58-41

132

-68 -82

5

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

-500

-400

-300

-200

-100

0

100

200

300

400

500

600

700

800

900

1000






| ASSET QUALITY

398423

284

520

392415

283

512

388409

283

510


Mar16 Jun16 Sep16

03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








03

23


| ASSET QUALITY

317

-048

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

321

-051

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16






151

-57

38

-33

126

230

-69-55

-256

11015

98

15101

-110-95-60-40

6

-40

10511

105

-33-67-91

2

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16



Group Greece



388NPL ratio

386 NPL ratio

1

2

3

1

2




03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46











03

24


| ASSET QUALITY


247+15

-17-02

243+12

-15-02

238



Sept16

-euro02bn -euro03bn

formation formation


Business +07 -10

Mortgages +04 -04

Consumer +01 -01

TOTAL +12 -15

Q32016 per Product

Note MIS data

03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








03

25

LLRs (euromn) Sep16

Business 12784

Mortgages 1846

Consumer 2490

TOTAL 17120

LLRs (euromn) Sep16

Greece 16044

International 1077

TOTAL 17120

6672

37

75

6772

38

7768

73

40

75


Q116 Q216 Q316



| ASSET QUALITY

34 NPL COVERAGE

39

68

26

41

68

28


Greece

International



NPL mix 69 18 13

36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








36 3739 38

23


03

26


| ASSET QUALITY

4 79 11

84


17 25 3540

68


53 62 66 73

42


20 25 28 30

46


74 74 74 75

14


Sep16

Consumer NPLs

Mortgage NPLs

Business NPLs


Sep16

Sep16

Sep16

Sep16



Sep16

+35 guarantees

+26 guarantees






03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








03

27




GROUP Loans 65399 42582 16273 6544

NPL Ratio 39 41 28 51


NPE Ratio 52 57 39 52


17

21

21

28

41

43

46

56

81

81

100

110

98

257

Agriculture




Shipping

Real Estate



Other

Construction


Manufacturing

Consumer

Mortgages

Retail

| ASSET QUALITY



GREECE Loans 61547 39694 15810 6043

NPL Ratio 39 40 29 54


NPE Ratio 52 57 39 54





03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








03

28 | ASSET QUALITY


367 362

523 521

GroupNPL

90dpd

ImpliedGroup

NPE

+101




Business 462 265 174 32 49 10

Mortgages 163 63 46 00 17 00

Consumer 76 39 33 01 05 00

Total 701 367 253 33 70 10


NPLs NPEs

Business 174 265 128 73 48

Mortgages 46 63 18 40 29

Consumer 33 39 25 75 64

Total 253 367 171 68 47


+162Coverage

67 68

Coverage

47 47

+47

Jun16 Sep16

Group NPL 90dpd

Sep16 Jun16

GroupNPE


+13





+48 collateral

03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








03

29


| ASSET QUALITY

Retail Banking



Operations

CEO

Administration


RBU Strategy


SME Recovery


Solution

Commercial Workouts

Real Estate



(eurobn )Balances

(eurobn)Customers

()FTEs ()


SME 29 2Κ 152


SB 14 195Κ 300

Retail 110 402Κ


- Consumer 37 389Κ

Total 312 420k 1929



03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








03

30

39 RBU PERIMETER

| ASSET QUALITY

22

1

21

38

28

10


lt 90 days past due

(dpd)

gt 90 days past due

(dpd)

31

2960



restructuring)

77

08

52

77

33

06

41

18

110

14

93 95


Commercial Workouts

NPL balances





03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








03

31 | ASSET QUALITY


514 customers


2059 cases



1659 or 81 of total



1108 or 67 of

operating cases


operating cases

RBU portfolio



362 or 70 of total




cases


operating cases

30479 NPL cases



6760 or 22 of total


Operating cases

3133 or 46 of

denouncedgt100k


denounced gt 100k






04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








04

32

L I Q U I D I T Y






46 INTERBANK REPOS


| LIQUIDITY

100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








100

120

140

160

180

200

220

240

260

280

2009 2010 2011 2012 2013 2014 2015 2016

Deposits

Loans

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

ELA ECB

04

33


| LIQUIDITY

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016







0

10

20

30

40

50

60

2009 2010 2011 2012 2013 2014 2015 2016

100

150

200

250

300 Deposits



04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








04

34



361

-10

+04+09

Dec15 Δ Q1 16 Δ Q2 16 Δ Q3 16

40 37 37 37

60 63 63 63





46

54




SB +01 +01 +00

SME +01 +01 +00



Total +04 +09 +08





| LIQUIDITY

134

-24

+08 +17

Dec15 Δ Q116 Δ Q216 Δ Q316

5941


36

64

04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








04

35


| LIQUIDITY












1

2

3

Lower deposit rates

Lower ELA

No P2 utilization


Supporting NII

052079

015033



4

440

271

177

095073

458

305

195

114086


New time deposits


291

204

130

061 051

458

305

195

114086




04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








04

36


| LIQUIDITY


ECB 141 160 144 124 111

EFSF|ESM Bonds 57 153 138 110 95


L3723 68 - - - -

Other 06 07 06 06 07

ELA - 167 161 144 127


L3723 - 57 10 00 00

Loans amp Other - 102 150 144 127

Total 141 327 304 268 238


149 151 146 160 144 124 111 99

154

222 212 167161

144127

125

100

141

303

373 358327

304268

238224


ELA

ECB






1

2

04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








04

37


| LIQUIDITY


ISINIssue Date

Maturity Date

CpnFace Value





ISINIssue Date

Maturity Date

CpnFace Value










Floor at 0

(eurobn) EFSF sales

Q216 15

Q316 09

Q416 qtd 06

TOTAL 30

Pre QE commencement

04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








04

38

46 INTERBANK REPOS

| LIQUIDITY



euro52bnSep16

0

2000

4000

6000

8000

10000

12000

14000

Dec

12

Ap

r1

3

Au

g1

3

Dec

13

Ap

r1

4

Au

g1

4

Dec

14

Ap

r1

5

Au

g1

5

Dec

15

Ap

r1

6

Sep

t1

6

-3bpsSep16




rate


expanding

1

2

3


-20

0

20

40

60

80

100

Dec

12

May

13

Oct

13

Mar

14

Au

g1

4

Jan

15

Jun

15

No

v15

Ap

r1

6

Sep

16

Piraeus cost ECB

04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








04

39


| LIQUIDITY




Fundsbull Allowed

New Account Opening



for new customers



Additional Account

Beneficiary



Foreign Investments





withdrawn in cash


withdrawn in cash

Change of Custodian







Approval Committee



05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








05

40 | APPENDIX

A P P E N D I X






05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








05

41 | APPENDIX



Q32016 Q32015 yoy


















Tax (11) 420 -



Q32016 Q32015 yoy


















Tax 0 18 -




05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








05

42 | APPENDIX




Group 68046 68071 66291 66187 65399 -4 -1

Business 44212 44525 43032 43142 42582 -4 -1

Mortgages 16899 16740 16545 16427 16273 -4 -1

Consumer 6934 6806 6713 6617 6544 -6 -1

Greece 63307 63922 62268 62250 61547 -3 -1

Business 40628 41449 40021 40185 39694 -2 -1

Mortgages 16386 16244 16065 15959 15810 -4 -1

Consumer 6292 6230 6182 6106 6043 -4 -1

Intrsquol 4739 4149 4022 3936 3852 -19 -2

Business 3584 3076 3011 2957 2887 -19 -2

Mortgages 513 497 480 468 463 -10 -1

Consumer 642 576 532 511 501 -22 -2


Group 37113 38952 37911 38406 39281 6 2

Savings 14657 15249 14636 14597 14138 -4 -3

Sight 7803 9532 8817 9140 9592 23 5

Time 14652 14171 14458 14670 15551 6 6

Greece 34534 36141 35076 35515 36373 5 2

Savings 14420 14995 14364 14292 13798 -4 -3

Sight 7395 9085 8351 8648 9051 22 5

Time 12718 12062 12361 12575 13525 6 8

Intrsquol 2579 2810 2835 2892 2908 13 1

Savings 237 254 272 305 341 44 12

Sight 408 446 466 491 541 33 10

Time 1934 2110 2097 2095 2026 5 -3


05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








05

43


Credit cards

+31 turnover



+39 logins





Debit cards

+100 turnover


Winbank Cards

Turnover +14

Fees +11

POS


New merchants +96

Turnover +111

Fees +68

Prepaid cards


+81 turnover

| APPENDIX


05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








05

44 | APPENDIX



Serbia Ukraine

London Frankfurt

Branches () 101

Employees () 1307

Assets 1674

Net loans 725

Deposits 916

Branches () 75

Employees () 872

Assets 1483

Net loans 781

Deposits 1076

Branches () 26

Employees () 445

Assets 402

Net loans 267

Deposits 232

Branches () 17

Employees () 438

Assets 130

Net loans 32

Deposits 48

Branches () 39

Employees () 438

Assets 600

Net loans 195

Deposits 459

Branch () 1

Employees () 17

Assets 951

Net loans 735

Deposits 26

Branch () 1

Employees () 13

Assets 179

Net loans 13

Deposits 152


Branches

Branches () 260

Employees () 3531

Assets euro54bn

Net loans euro27bn

Deposits euro29bn




Albania 64 64

Bulgaria 35 30

Romania 15 13

Serbia 22 14

Ukraine 03 02

Subsidiaries



Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46










Real GDP

( y-o-y)

Inflation

( y-o-y CPI)

Fiscal Balance

( GDP)

Current Account

Balance ( GDP)

2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f 2015 2016f 2017f

Albania 28 31 35 19 11 25 -39 -29 -25 -112 -120 -125

Bulgaria 30 16 18 -01 -06 26 -30 -02 -10 21 15 10

Cyprus 16 34 22 -21 -16 05 -11 -08 -04 -36 -40 -44

Romania 38 53 34 -06 -10 21 -15 -22 -30 -12 -16 -20

Serbia 07 25 26 14 18 27 -38 -35 -32 -48 -45 -40

Ukraine -99 10 19 485 150 110 -12 -40 -45 -03 -20 -25


-5

-4

-3

-2

-1

0

1

2

-14 -12 -10 -8 -6 -4 -2 0 2 4

Gen

eral

Go

vern

men

t B

alan

ce (

GD

P)


201015

200009

BGN

RSD

CYP BGN

UAHALL

ALL RSD

RON

UAH

CYPRON





| APPENDIX45

-10

-8

-6

-4

-2

0

2

4

6

8

10

Q2

20

08

Q3

20

08

Q4

20

08

Q1

20

09

Q2

20

09

Q3

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q3

20

10

Q4

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q4

20

11

Q1

20

12

Q2

20

12

Q3

20

12

Q4

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q4

20

13

Q1

20

14

Q2

20

14

Q3

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q3

20

15

Q4

20

15

Q1

20

16

Q2

20

16

20

16

20

17

YoY


0

5

10

15

20

25

30

35

0

2

4

6

8

10

12

14

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7Ja

n-0

8M

ar-0

8M

ay-0

8Ju

l-0

8Se

p-0

8N

ov-

08

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9Ja

n-1

0M

ar-1

0M

ay-1

0Ju

l-1

0Se

p-1

0N

ov-

10

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1Ja

n-1

2M

ar-1

2M

ay-1

2Ju

l-1

2Se

p-1

2N

ov-

12

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3Ja

n-1

4M

ar-1

4M

ay-1

4Ju

l-1

4Se

p-1

4N

ov-

14

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5Ja

n-1

6M

ar-1

6M

ay-1

6Ju

l-1

6Se

p-1

6


46








46








Παρουσίαση του powerpoint · 2 | contents. 01 3 q3.2016 highlights 1.1 q3.2016 at a...

Documents