PRESENTATION OF FINANCIAL RESULTS FOR INVESTORS AND ANALYST – SEPTEMBER 20th, 2019

AGENDA

1. Q2 2019 summary

2. Key Financials and business highlights

3. Appendix

Q2 2019 – KEY FINANCIAL INFORMATION

3

� Net result in Q2’19 of PLN -85.5 m (consolidated) and PLN -90.3 m (stand-alone); improvement by

43.9% and 37.7% compared to Q1'19, respectively.

� Effective implementation of actions reducing the cost of financing.

� Interest cost of the deposit base in Q2'19 in the amount of 2.12%, i.e. 43 bps less than in Q1'19.

�Over 42% of the Bank's deposit base are current accounts and savings accounts.

� LCR ratio significantly above norms: 190% at the end of June 2019, i.e. 90 pp above the regulatory

minimum.

� Continued NIM growth: 1.97% at the end of July 2019 vs 1.65% in March this year.

� Stable level of credit risk cost: 1.2% in H1'19, i.e. 0.1 pp below the 2018 level.

� Further increase in provision coverage: 57.9% at the end of June 2019.

� TCR and CET1 at the end of June 2019 respectively 10.8% and 8.8%; respectively -1 bp and +9 bp vs

March this year.

� Systematic increase in sales in key business lines.

Other revenues 0,8 -79,6%

4

Net interest income 234,7 7,1%

Net fee and commission income 19,5 21,8%

Costs -221,7 -25,9%

Q2 2019; change vs Q1 2019

Interest revenues 545,9 3,5%

Interest expenses -311,2 1,0%

Net loss -88,5 -43,9%

Costs -208,4 -5,2%(excl. BFG4 costs)

PLN m PLN m

TCR 10,8% -0,01 p.p.

T1 8,8% 0,09 p.p.

Impairment charges -112,8 12,5%

Other operating revenues -25,1 87,3%

and expenses

Loan balance 38 092,6 -3,4%

Deposit balance 46 241,2 -0,1%

Balance sheet total 54 059,3 -0,2%

Equity 2 848,6 -2,7% (attributable to equity holders of the parent company)

Loans/deposits 82,4% -2,8 p.p.

Cost of credit risk 1,2 1,2% -0,1 p.p.

ROE -15,7% 4,2 p.p.

C/I 1 109,5% -17,5 p.p.

Interes cost of deposits 3 2,12% -0,43 p.p.

LCR 190% 37 p.p.

KEY FINANCIAL INFORMATION - QUARTERLY

C/I 1 89,3% -2,9 p.p.

(excl. BFG4 cost)

Interest costs

maintained

despite a

significantly

higher average

q/q balance - the

effect of a

decrease in the

price of customer

deposits.

Optimization

of the deposit

base structure

in Q2'19 in

order to

further reduce

interest costs.

Gross loss -105,6 -39,5%

Capital investments write-offs - 0,0%

1 Stand-alone GNB2 Result on provision for NIL and other accounts receivable to average loans volume3 Interest expenses from deposits / avg. deposit balance; quarterly4 Payments to Banking Guarantee Fund

Other revenues 4,8 -90,5%

5

Net interest income 453,8 -23,7%

Net fee and commission income 35,5 -51,5%

Costs -520,9 6,7%

H1 2019; change vs H1 2018

Interest revenues 1 073,3 -6,8%

Interest expenses -619,5 11,2%

Net loss -246,3 57,3%

Costs -428,4 5,6%(excl. BFG4 costs)

PLN m PLN m

TCR 10,8% -0,97 p.p.

T1 8,8% -0,42 p.p.

Impairment charges -213,0 -40,5%

Other operating revenues -38,5 45,5%

and expenses

Loan balance 38 092,6 -8,6%

Deposit balance 46 241,2 -1,3%

Balance sheet total 54 059,3 -2,9%

Equity 2 848,6 -14,3% (attributable to equity holders of the parent company)

Gross loss -280,2 87,2%

Capital investments write-offs - 0,0%

Lonas/deposits 82,4% -6,6 p.p.

Cost of credit risk 1,2 1,2% 0,1 p.p.

ROE -15,7% -7,3 p.p.

C/I 1 109,5% 40,1 p.p.

Interes cost of deposits 3 2,12% 0,29 p.p.

LCR 190% 61 p.p.

C/I 1 89,3% 32,2 p.p.

(excl. BFG4 cost)

1 Stand-alone GNB2 Result on provision for NIL and other accounts receivable to average loans volume3 Interest expenses from deposits / avg. deposit balance; quarterly4 Payments to Banking Guarantee Fund

KEY FINANCIAL INFORMATION

AGENDA

1. Q2 2019 summary

2. Key Financials and business highlights

3. Appendix

129%153%

190%

Jun-18 Mar-18 Jun-19

7

11,82%10,86% 10,85%

9,18% 8,67% 8,76%

Jun-18 Mar-19 Jun-19

TCR TIER 1/CET1

-0,01 p.p.+0,09 p.p.

89,0% 89,5%

108,8%

85,2% 82,4%

Jun'18 Sep'18 Dec'18 Mar'19 Jun'19

CAPITAL AND LIQUIDITY RATIOS

Capital Adequacy Ratios

LCR Loans/deposits

minimum

level

100%

-220 -208

-299

-222

Q1 2019 Q2 2019

-134 -145 -90

Q2 2018 Q1 2019 Q2 2019

-100 -113

Q1 2019 Q2 2019

-241

-113

Q2 2018 Q2 2019

-115 -158

-89

Q2 2018 Q1 2019 Q2 2019

8

GRUPA(attributable to equity holders of the parent company)

BANK

353

230

Q2 2018 Q2 2019

226 230

Q1 2019 Q2 2019

+1,8%-34,7%

+12,5%

-204 -208

-225 -222

Q2 2018 Q2 2019

+25,9%-1,3%

-53,2%

21m

BFG

excl. BFG costs

79m

BFG

13m

BFG

+2,3% -5,2%

13m

BFG

PROFITABILITY AND COST EFFICIENCY

Revenues (PLN m) 1Net result (PLN m)

1 Net interest income, fee and commission income, dividends, result on financial instruments, foreign exchange result, result on other operational revenues and expenses

Costs (PLN m)

Impairment charges (PLN m)

9

299 305 305

219 235

574 570 545 527 546

-275 -265 -239

-308 -311

Q2

20

18

Q3

20

18

Q4

20

18

Q1

20

19

Q2

20

19

Result Revenues Costs

-27

-36

299 305 305219 235

25 31 32

1620

323 336 337

235254

Q2

20

18

Q3

20

18

Q4

20

18

Q1

20

19

Q2

20

19

F&C NII

35 26 36 16 20

-26 -39

-20 -35 -32

61 65 56 51 51

Q2

20

18

Q3

20

18

Q4

20

18

Q1

20

19

Q2

20

19

Result Costs Revenues

CORE REVENUES

Revenues1 (PLN m)Net interest income (PLN m)

Net fee & commission income (PLN m)

1 Net interest and fee & commission result

+8,1%

198 195 213

254

211 212

231

290

212

181 178

196 192 191 192

211 210199

Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019

costs costs excl. BFG

10

0,3% change y/y

-26,9% change q/q

4,2% change y/y

-5,6% change q/q

2

C/I ratio 143,1%

39,5%

56,8%

51,8%

72,2%

66,5%

72,1%

54,5%

127,0%

92,2%

69,1%

62,4%

66,2%

60,0%

69,2%

63,3%

92,1%

86,4%

2 excluding BFG (Banking Guarantee Fund)

1 stand-alone, quarterly

GENERAL AND ADMINISTRATIVE EXPENSES

Operating expanses (PLN m)1

PLN 79 m of BFG costs

in Q1’19 (+28% y/y)

1,00%

1,20%

1,40%

1,60%

1,80%

2,00%

2,20%

2,40%

2,60%

Jan

'16

Feb

'16

Ma

r'1

6

Ap

r'1

6

Ma

y'1

6

Jun

'16

Jul'

16

Au

g'1

6

Se

p'1

6

Oct

'16

No

v'1

6

De

c'1

6

Jan

'17

Feb

'17

Ma

r'1

7

Ap

r'1

7

Ma

y'1

7

Jun

'17

Jul'

17

Au

g'1

7

Se

p'1

7

Oct

'17

No

v'1

7

De

c'1

7

Jan

'18

Feb

'18

Ma

r'1

8

Ap

r'1

8

Ma

y'1

8

Jun

'18

Jul'

18

Au

g'1

8

Se

p'1

8

Oct

'18

No

v'1

8

De

c'1

8

Jan

'19

Feb

-19

Ma

r'1

9

Ap

r'1

9

Ma

y'1

9

Jun

'19

Jul'

19

Au

g'1

9

1,66%1,70% 1,78% 1,85% 1,92% 1,97% 2,04% 2,05% 2,16% 2,16% 2,16% 2,13% 2,26% 2,30% 2,18%

1,90% 1,77% 1,65% 1,72% 1,75% 1,82% 1,97%

Jun-15 Sep-15 Dec-15 16-mar Jun-16 Sep-16 Dec-16 17-mar Jun-17 Sep-17 Dec-17 18-mar Jun-18 Sep-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19

11

• Getin Noble Bank

195pb

COST OF FINANCING AND NIM

Consistent reconstruction of

interest margin

Interest rate of deposit portfolio in GNB

Decreasing cost of deposits (pp)

Bank’s net interest margin1

1 MTD; NIM transformed by including BPI Bank Polski Inwestycyjna S.A., merged with GNB as of August 1, 2018

The increase in the cost of deposits acquisition as a

result of the introduction of a promotional rate

allowing the rebuilding of the deposit base.

Systematic decrease of the deposit rate.

Return to the path of reducing the cost of

customer deposits as early as four months

after the November 2018 turmoil.

Bank recorded a one-off decrease in

the cost of term deposits In

connection with customer deposits

withdrawals.

2,46% 2,44% 2,42%

2,19% 2,19% 2,17% 2,16%2,08% 2,08% 2,08%

2,06%

2,57% 2,54%

2,40% 2,39%2,33%

2,19% 2,16% 2,13% 2,13%2,08% 2,07% 2,08%

2,20%

2,49%

Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19

YTD QTD

12

-12,8%

53,0 54,4 51,6 50,1 48,7 48,6 46,8 46,1 37,1

46,3 46,2

gru

-16

Ma

r-1

7

Jun

-17

Se

p-1

7

De

c-1

7

Ma

r-1

8

Jun

-18

Se

p-1

8

De

c-1

8

Ma

r-1

9

Jun

-19

COST OF FINANCING

1,9%

2,7%

3,4%3,0%

2,8%2,5%

2,2% 2,2%2,0% 1,9%

Jan-Oct

2018

avg

Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19

Fast reduction of the cost of deposits acquisition with

maintained trust of customers and favourable market

conditions.

• The cost of retail deposits acquisition again at the level

recorded before the media turmoil of November 2018.

• The interest rate on deposits at 2.12% in Q2’19, i.e. by 43 bps

below the Q1’19 level.

• Interest expenses in Q2’19 similar to Q1’19 level (+ 1% q/q),

despite the higher average deposit balance in the quarter as a

result of the dynamic decline in the cost of financing.

The costs of new deposit production(cost of the renewed retail term deposits in PLN)

Deposit portfolio balance (PLN bn)

Cost of funding1

1 Interest expense / average interest bearing liabilities; The components according to the change in presentation relate to the transfer of interest income / costs from assets / liabilities subject

to a "negative interest rate" between "Interest Income" and "Interest Expenses" introduced at the end of 2017.

42,2%

19,6%

Jun

'19

Ma

r'1

9

De

c'1

8

Se

p'1

8

Jun

'18

Ma

r'1

8

De

c'1

7

Se

p'1

7

Jun

'17

Ma

r'1

7

De

c'1

6

60

88

1H 2018 1H 2019

13

HIGH DYNAMIC OF CURRENT DEPOSITS ACQUISITION

Dynamic reconstruction of the CA and SA

deposit base in H1'19 (PLN +8.8 bn).

High dynamic of current accounts acquisition (YtD, thous.)

+47%

14,2

10,7

14,6

19,5

Jun'18 Dec'18 Mar'19 cze'19

+34%

+38%

0,0%

0,5%

1,0%

1,5%

2,0%

2,5%

3,0%

GN

B

Ba

nk

1

Ba

nk

2

Ba

nk

3

Ba

nk

4

Ba

nk

5

Ba

nk

6

Ba

nk

7

Ba

nk

8

Ba

nk

9

Ba

nk

10

Q1 2019

Q2 2019

Interest cost of the deposit portfolio

High dynamics of decline in the interest cost of

deposits in GNB (-43 bp in Q2’19, q/q ) and high

potential for further release (vs competitive banks).

Current deposit & saving accounts share in total deposits

1 current deposits and saving accounts

Current deposit & saving accounts balance (PLN bn)

14

COMPREHENSIVE PRODUCT OFFER

Multi-currency cards

Convenient payments in foreign currency

without conversion using one debit card

for a personal account. Free service

activation on request.

Elite credit card in the

Private Banking segment

Along with the card, the package includes

the Noble Concierge service, insurance and

facilities at airports as well as access to Hot

Spots worldwide.

Savings Account in EUR and USD

The possibility of saving in EUR and USD

while maintaining flexible access to money.

An account with promotional interest rate

on new funds.Travel insurance.

Introduction of the omnichannel

purchasing process in Internet and

Mobile Banking for the outstanding

travel insurance offer on the market.

Offer for young customers (13-18 years). Simple

Junior Account with dedicated card images +

Targeted Savings Account, limited access to Internet

and Mobile Banking and "preview" by a legal

guardian. Promotion "Open Simple Junior account

and receive PLN 50 for purchases at

15

DYNAMIC DEVELOPMENT OF INTERNET AND MOBILE BANKING

Wild offer of mobile payments

Apple Pay activation and virtual cards order

directly in our mobile application. Extension

of BLIK services to cash deposit at ATMs .

More and more „mobile only” Clients

Systematically increasing amount of our

mobile application users (60%*more log in

to mobile application than to online

banking).

Open banking – Getin API (PSD2)

Access to the world of open banking – Getin

Bank as the second bank in Poland

implemented production API based on

Polish API standard.

Rodzina 500+ and Dobry Start

Applying for Rodzina 500+ and Dobry Start

grants for a new period fully available in

online banking.

*data as at the end of June 2019 vs end of June 2018

16

Loans (PLN bn)1

44,7 43,8 42,7 41,3 41,7 41,3 40,3 39,4 38,1

Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19

Optimization of the scale of operations in

terms of risk-weighted assets and capital

adequacy

• Net loan balance on a consolidated basis lower by PLN 1.3 bn lower vs Mar’19 and by PLN 3.6 bn lower vs Jun’18.

• Focus on the strategic business lines. A significant increase in the level of retail loan sales: + 19.3% q/q and + 40.1% y/y. Total Q2’19 loan

sales at a level of PLN 1.7 bn, ie. 16% lower q/q – impact of traditionally higher sales in the corporate segment in the first quarter of the

year. Sales in other credit lines (except corporate loans) increased in aggregate by 19.9% q/q.

• Changing loans balance mix support NIM restoration.

• Systematic amortization of the mortgage portfolio. PLN 2.1 bn of portfolio net balance decrease over the last 12 months (decrease limited

by the CHF appreciation by 1,6% y/y). Accelerated depreciation supported by the persistent negative LIBOR rate.

BALANCE SHEET – LOANS SALES MIX

FC loans

5,2

2,5

Dec-08 Jun-19

-2,7

Swiss Franc loans balance

(CHF bn)

• 24% share of FC loans in total loan portfolio.

• Depreciation of mortgage loans in CHF (in the

original currency) amounted to 4.9% in H1’18.

1 consolidated data

17

10,26

1,64

26,76

5,57

9,43

1,60

26,16

5,81

corporate loans

+ leasing

car loans mortgage loans retail loans

Mar-19 Jun-19

-8,1% -2,5% -2,3% +4,4%

0,90

0,11

0,44 0,56

0,36 0,380,28

0,67

corporate loans leasing car loans retail loans

Q1 2019 Q2 2019

3,5x -36,4% +19,3%-60,4%

1

LOANS: DECREASE OF PORTFOLIO BALANCE AT MAINTAINED SALES STRUCTURE (1/2)

Loans balance (PLN bn)

Loan sales (PLN bn)

1 car loans and loans/factoring for car dealers

18

LOANS: DECREASE OF PORTFOLIO BALANCE AT MAINTAINED SALES STRUCTURE (2/2)

11,12

1,74

28,07

5,25

9,43

1,60

26,16

5,81

corporate loans

+ leasing

car loans mortgage loans retail loans

Jun-18 Jun-19

-15,2% -8,3% -6,8% +10,6%

0,38

0,69

0,39 0,48

0,36 0,38

0,28

0,67

corporate loans leasing car loans retail loans

Q2 2018 Q2 2019

-6,2% -45,1% -27,9% +40,1%

1

Loans balance (PLN bn)

Loan sales (PLN bn)

1 car loans and loans/factoring for car dealers

19

FOCUS ON THE KEY LOAN LINES

404 423 371 358

406 416 398

477 475 488 528

558

666

Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19

Retail loans sale (PLN m)

• Selective approach to financing in the business

client segment.

• Leasing sales increase in Q2'19 to PLN 0.38

billion (3.5-fold increase vs. Q1'19 increase).

• Growing sales in the well-known developer

segment (residential real estate).

Already approx. PLN 0.8 bn of funding

granted since the beginning of 2019.

• Maintaining position in servicing the local

government and housing communities.

952

1 223

H1'18 H1'19

+28,5%

Overdrafts

High dynamics of new overdrafts - nearly a 3-fold increase in Q2'19 y/y.

• Making the product offer more attractive - promotion limit first PLN 1,000

without interest, no award fees, low annual fees

• Process optimization - the possibility of an automatic credit decision with a

minimum of formalities when launching a limit for GNB account holders.

• CRM support and dedicated x-sell Limit offers in the portfolio for

customers from the portfolio, available in simplified credit processes.

• Changing the philosophy of selling credit products in own channels -

moving away from mono-product sales of cash loans, supplementing the

offer with renewable products, meeting the other needs of GNB customers.

Other loan products

+19,3%q/q

123

159

282

145131

277

-

50

100

150

200

250

300

350

400

450

500

Q1'18 Q2'18 H1'18 Q1'19 Q2'19 H1'19

30.06.2019 31.12.2018 change

Corporate loans 2 -0,9% 0,1% -1,0 p.p.

Car loans 0,3% 1,0% -0,7 p.p.

Mortgage loans 0,4% 1,1% -0,7 p.p.

Retail loans 8,8% 5,4% +3,4 p.p.

Loans total 1,2% 1,3% -0,1 p.p.

20

ASSET QUALITY – CREDIT RISK (1/4)

Further CoR improvement

-9,5%

-1,9%

67,5%

… total impairments to

Basket 3 balance

Change in the structure of the cost of risk in Q2’19 - a shift between the portfolios

of secured (mortgage and car) loans and unsecured (cash loans, credit cards etc.)

resulLng from the observed decrease in average default probability values for all

loan portfolios, and an increase in LGD for the portfolio unsecured loans.

In line with internal forecasts, further lowering the average cost of credit portfolio

risk.

Q2’19 Q1’19 change Q2’19 Q2’18 change

Corporate 2 -58,7 19,5 x -58,7 51,0 x

Car -0,5 2,9 x -0,5 6,3 x

Mortgage 11,9 38,7 -69% 11,9 44,9 -73%

Retail 178,7 84,3 +112% 178,7 56,9 +214%

Loans total 131,5 145,3 -10% 131,5 159,0 -17%

Loan impairment charges and loans balance (PLN m) 3 Cost of credit risk (%) 1

Coverage ratio (%) 4

Credit risk impairment charges (PLN m) 3

3 Stand-alone4 Impairment allowances / impaired loans

1 Result on provision for NIL and other accounts receivable to average loans volume; stand-alone GNB2 Including leasing and others

impairment charges loan portfolio balance

Further increase of the

coverage ratio

33,2% 33,1%34,5% 35,2%

38,2%

42,8%

51,7% 52,6%53,7%

56,4%55,4%

57,9%

Jun'15 Dec'15 Jun'16 Dec'16 Jun'17 Dec'17 Mar'18 Jun'18 Sep'18 Dec'18 Mar'19 Jun'19

21

Collateralized laons

• Stable risk cost level of the mortgage loan portfolio,

despite the lack of new production for 5 years and

portfolio amortization (loan balance -6% y/y).

• Very good credit quality of the car loan portfolio with

reduced sales volume.

• In June 2019, Bank updated the parameters

estimating the expected loss for the mortgage

portfolio, resulting in a reduction in the scale of

estimated losses expected for Basket 1, reflecting

positive trends in portfolio loss.

40

41

42

43

44

45

46

47

48

49

50

51

0,0%

0,5%

1,0%

1,5%

2,0%

2,5%

Jan

-17

Fe

b-1

7

Ma

r-1

7

Ap

r-1

7

Ma

y-1

7

Jun

-17

Jul-

17

Au

g-1

7

Se

p-1

7

Oct

-17

No

v-1

7

De

c-1

7

Jan

-18

Fe

b-1

8

Ma

r-1

8

Ap

r-1

8

Ma

y-1

8

Jun

-18

Jul-

18

Au

g-1

8

Se

p-1

8

Oct

-18

No

v-1

8

De

c-1

8

Jan

-19

Fe

b-1

9

Ma

r-1

9

Ap

r-1

9

Ma

y-1

9

Jun

-19

Jul-

19

Cost of loan portfolio risk (%) compared to the size of the

loan portfolio (in PLN bn)

ASSET QUALITY – CREDIT RISK (2/4)

14,7 15,0 15,5 15,4 15,8 14,6 15,0 15,3 15,5

16,7 17,4

Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun'19

NPL ratio (impaired loans) (%)

The increase in the NPL ratio caused by the situation on the NPL market

and declining loan portfolio balance

Basket 3 balance increased in Q2'19 by PLN 77 m (+ 1.0% q/q)

vs a decrease in basket 1 balance by PLN 1.1 bn (-3.3% q/q).

MSR 39 (impaired) MSSF 9 (stage 3)

0,0%

0,2%

0,4%

0,6%

0,8%

1,0%

1,2%

1,4%

1,6%

Jan

-18

Fe

b-1

8

ma

r 1

9

Ap

r-1

8

Ma

y-1

8

Jun

-18

Jul-

18

Au

g-1

8

Se

p-1

8

Oct

-18

No

v-1

8

De

c-1

8

Jan

-19

Fe

b-1

9

ma

r 1

9

Ap

r-1

9

Ma

y-1

9

Jun

-19

Cost of credit risk (YTD)

Car loans Mortgage loans

MTG loans portfolio – 0,40%

Car loans portfolio – 0,34%

2,5%

3,5%

4,5%

5,5%

6,5%

7,5%

8,5%

9,5%

Jan

-18

Fe

b-1

8

Ma

r-1

8

Ap

r-1

8

Ma

y-1

8

Jun

-18

Jul-

18

Au

g-1

8

Se

p-1

8

Oct

-18

No

v-1

8

De

c-1

8

Jan

-19

Fe

b-1

9

Ma

r-1

9

Ap

r-1

9

Ma

y-1

9

Jun

-19

Cost of credit risk

The effect of one-time revaluation of the LGD parameter

(increase in coverage of basket 3 from 62% to 68%)

87% of the write-down concerned impaired loans

granted before 2018

0 12 24 36 48

The risk of individual cohorts depending on the period

from granting the loan

2015 2016 2017 2018

Risk profile of recent sales significantly

lower than previous ones

22

Uncollateralized loans

• At the end of Q2’19, new scoring models were implemented,

covering the entire unsecured lending process.

• The continued high share of loans sold in the preapproved process.

• Improving the quality of cash loans production compared to

previous years.

Structure of impaired loans provisions (1H’19)

3%

39%

19%

20%

19%

< = 2010 2011 - 2015 2016 2017 2018

Loans granted before 2018

generate over 80% of write-offs

ASSET QUALITY – CREDIT RISK (3/4)

23

• Bank recalibrated key parameters estimating the

expected loss of PD and LGD in Q2’19.

• The PD parameter update reflects positive trends

in the portfolio loss ratio, both current production

(2018 and 2019) and loans granted before 2018.

• Bank expects a continuation of the downward

trend in portfolio claims, and thus an improvement

in the risk profile of loan portfolios, bearing in mind

the growing share of loans granted after the

implementation of fundamental changes in the

Bank's credit risk management process.

• The update of the LGD parameter had the most

significant impact in the retail portfolio, where

expectations regarding activation of the non-

performing receivables purchase market, which

had a significant impact on the recovery forecast,

were reduced, which resulted in an increase in the

average loss coverage expected from 62% to 68%

in Basket 3.

1,0%

1,5%

2,0%

2,5%

3,0%

Jan 18 Mar 18 Jun 18 Sep 18 Dec 18 Mar 19 Jun 19 Jul 19

Mortgage portfolio

4,6%

4,8%

5,0%

5,2%

5,4%

sty 18 mar 18 cze 18 wrz 18 gru 18 mar 19 cze 19 lip 19

Retail portfolio

-0,2%

0,3%

0,8%

1,3%

1,8%

sty 18 mar 18 cze 18 wrz 18 gru 18 mar 19 cze 19 lip 19

Corporate portfolio

Estimated expected loss for working portfolios - Baskets 1 and 2

ASSET QUALITY – CREDIT RISK (4/4)

AGENDA

1. Q2 2019 summary

2. Key Financials and business highlights

3. Appendix

25

30.06.2019/ 30.06.2019/

PLN m 30.06.2019 31.12.2018 30.06.2018 31.12.2018 30.06.2018

Equity(attributable to equity holders of the parent company)

2 848,6 3 016,6 3 325,4 -5,6% -14,3%

Sub debt 1 891,4 1 890,5 1 888,9 0,0% +0,1%

Balance sheet total 54 059,3 49 902,9 55 649,5 +8,3% -2,9%

Loans balance 38 092,6 40 343,3 41 680,1 -5,6% -8,6%

Deposits balance 46 241,2 37 074,9 46 846,9 +24,7% -1,3%

2Q’19/ 2Q’19/

PLN m 2Q 2019 1Q 2019 2Q 2018 1Q’19 2Q’18

Net interest income 234,7 219,2 298,7 +7,1% -21,1%

Net fee and commission income 19,5 16,0 27,9 +21,8% -44,0%

Administration costs -221,7 -299,2 -224,5 -25,9% -1,3%

Administration costs(excluding Banking Guarantee Fund)

-208,4 -219,9 -203,8 -5,2% +2,3%

Net profit/loss -88,5 -157,7 -121,8 -43,9% -23,0%

C /I1 96,4% 132,5% 65,2% -36,1 p.p. +32,9 p.p.

ROE1 -15,7% -19,8% -8,7% +4,2 p.p. -7,4 p.p.

NIM1 1,8% 1,8% 2,2% -0,1 p.p. -0,5 p.p.

TCR 10,8% 10,9% 11,8% -0,01 p.p. -0,97 p.p.

1 YTD

Appendix 1 / consolidated data

KEY FINANCIAL DATA

26

31.03.2019/ 31.03.2019/

PLN m 31.03.2019 31.12.2018 31.03.2018 31.12.2018 31.03.2018

Equity 2 919,8 3 077,0 3 409,0 -5,3% -14,4%

Sub debt 1 886,5 1 884,4 1 881,5 +0,1% +0,3%

Balance sheet total 54 771,6 50 672,5 56 466,7 +8,1% -3,0%

Loans balance 39 070,6 41 347,4 42 706,7 -5,5% -8,8%

Deposits balance 46 225,4 37 185,3 46 939,0 +24,3% -1,5%

2Q’19/ 2Q’19/

PLN m 2Q 2019 1Q 2018 2Q 2018 1Q’19 2Q’18

Net interest income 227,5 211,6 287,9 +7,5% -21,0%

Net fee and commission income 12,5 8,0 26,8 +55,5% -53,4%

Administration costs -211,9 -289,7 -211,4 -26,9% +0,3%

Administration costs(excluding Banking Guarantee Fund)

-198,6 -210,5 -190,6 -5,6% +4,2%

Net profit/loss -90,3 -145,1 -133,9 -37,7% -32,5%

C /I1 92,1% 127,0% 66,4% -34,8 p.p. +25,7 p.p.

ROE1 -14,8% -18,0% -7,9% +3,2 p.p. -6,9 p.p.

NIM1 1,8% 1,8% 2,2% 0,0 p.p. -0,4 p.p.

TCR 10,8% 10,9% 11,7% -0,12 p.p. -0,91 p.p.

1 YTD; historical data transformed: recognition of BPI Bank Polski Inwestycji S.A. merged with GNB on August 1, 2018

Appendix 2 / stand-alone data

KEY FINANCIAL DATA

27

16,6%

11,7%

61,2%

10,6%

Autmotive (car loans and

leasing)

Retail loans

Mortgage loans

SME and public sector

loans

PLN 38,0 bn51,7%

36,2%

3,2%2,8%

4,7%

1,4%

Retail term

Retail current

Corporate current

Public sector current

Corporate term

Public sector term

PLN 46,2 bn42,2%

+12,0pp

vs Jun’18

+32,9pp

vs Dec’12

c

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

80 000

2012 2013 2014 2015 2016 2017 2018 Jun-19

Other liabilities

Equity

Liabilities to banks

Debt securities

Customer deposits

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

80 000

2012 2013 2014 2015 2016 2017 2018 Jun-19

Customer loans

FVOCI financial instruments

Financial instruments available for sale

Amounts due from banks (incl. CB)

Other assets

1 Loans carried at amortized cost

Split-up od customer loans 1 (Mar-19) Split-up of customer deposits (Mar-19)

By Type (PLN m)Assets Liabilities

Refinancing loan PLN

4.8 bn, fully repaid in

February 2019.

Appendix 3

CHANGE IN ASSETS’ STRUCTURE

MORE ABOUT GETIN NOBLE BANK

28

MORE INFO ABOUT GETIN NOBLE BANK

http://en.gnb.pl/prezentacje

INVESTOR RELATIONS WEBSITE

www.gnb.pl

e-mail address: inwestorzy@gnb.pl

IR CONTACT DETAILS

MORE INFO ABOUT GETIN NOBLE BANK

29

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