Profitability Net profit1up 8.0% y-o-y at €200m
Core PPI up 1.4% y-o-y at €848m
NII down 3.3% y-o-y at €1,416m
Commission income up 16.4% y-o-y at €311m
OPEX down 1.7% y-o-y, Greece down 3.5% y-o-y
2019 Transformational Plan: execution on track
Merger with Grivaliacreates bank with the highest total capital ratio in Greece poised for broader economic growth
De-risking balance sheet, accelerating NPE reduction to 16% NPE ratio in 2019 and single digit by 2021
Substantially lower cost of risk (as of 2020) to drive strong sustainable earnings per share (EPS
Core PPI up 1.4% y-o-y at €848m
NII down 3.3% y-o-y at €1,416m
Commission income up 16.4% y-o-y at €311m
OPEX down 1.7% y-o-y, Greece down 3.5% y-o-y
2019 Transformational Plan: execution on track
Merger with Grivaliacreates bank with the highest total capital ratio in Greece poised for broader economic growth
De-risking balance sheet, accelerating NPE reduction to 16% NPE ratio in 2019 and single digit by 2021
Substantially lower cost of risk (as of 2020) to drive strong sustainable earnings per share (EPS
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