Page

23rd Annual General Meeting Erste Group Bank AG 11 May 2016 Austria Center Vienna

Page

Friedrich Rödler Chairman of the supervisory board

Page

First item on the agenda

Report on the financial year 2015

3

Page

Report on the financial year 2015 of Erste Group Bank AG (consolidated)

Andreas Treichl CEO Erste Group

Page

Disclaimer – Cautionary note regarding forward-looking statements

5

• THE INFORMATION CONTAINED IN THIS DOCUMENT HAS NOT BEEN INDEPENDENTLY VERIFIED AND NO REPRESENTATION OR WARRANTY EXPRESSED OR IMPLIED IS MADE AS TO, AND NO RELIANCE SHOULD BE PLACED ON, THE FAIRNESS, ACCURACY, COMPLETENESS OR CORRECTNESS OF THIS INFORMATION OR OPINIONS CONTAINED HEREIN.

• CERTAIN STATEMENTS CONTAINED IN THIS DOCUMENT MAY BE STATEMENTS OF FUTURE EXPECTATIONS AND OTHER FORWARD-LOOKING STATEMENTS THAT ARE BASED ON MANAGEMENT’S CURRENT VIEWS AND ASSUMPTIONS AND INVOLVE KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS, PERFORMANCE OR EVENTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED IN SUCH STATEMENTS.

• NONE OF ERSTE GROUP OR ANY OF ITS AFFILIATES, ADVISORS OR REPRESENTATIVES SHALL HAVE ANY LIABILITY WHATSOEVER (IN NEGLIGENCE OR OTHERWISE) FOR ANY LOSS HOWSOEVER ARISING FROM ANY USE OF THIS DOCUMENT OR ITS CONTENT OR OTHERWISE ARISING IN CONNECTION WITH THIS DOCUMENT.

• THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO PURCHASE OR SUBSCRIBE FOR ANY SHARES AND NEITHER IT NOR ANY PART OF IT SHALL FORM THE BASIS OF OR BE RELIED UPON IN CONNECTION WITH ANY CONTRACT OR COMMITMENT WHATSOEVER.

Page

Operating environment – Strong economic development in Erste Group‘s markets

Real GDP growth (in %)

Domestic demand contribution to GDP growth (in %)

6

• CEE economies grew faster than the euro zone in 2015 (euro zone GDP grew by 1.5% yoy in 2015) • Domestic demand remained significant growth driver in 2015 • Insignificant contribution of exports to GDP growth in 2015

CZ

2.5

4.3

AT

1.5 0.9

1.6

HR

1.5

HU

2.2

2.9

RO

4.1 3.8

SK

3.5 3.6

HR

1.1 1.1

HU

1.7 1.8

RO

4.8 5.3

SK

2.2

4.7

CZ

1.6

4.6

AT

1.3 0.7

2016 2015

Page

Operating environment – Solid public finances in Erste Group‘s markets

General government balance (in % of GDP)

Public debt (in % of GDP)

7

• General government balance in all markets except Croatia within Maastricht limit • Public debt in most markets below 60% Maastricht limit; Austria, Hungary and Croatia are exceptions

HR

-3.2 -3.3

HU

-2.0 -1.9

RO

-3.0

-1.5

SK

-2.5

-3.0

CZ

-1.1 -1.4

AT

-1.4

-1.9

8775

39

53

41

87 88

75

41

53

40

85

SK HR RO CZ AT HU

2015 2016

Maastricht limit: -3%

Maastricht limit: 60%

Page

Business environment – Historic low interest rate environment poses challenges

Austria

8

Czech Republic Romania

Slovakia Hungary Croatia

• ECB cut discount rate to 0% in March 16; maintains expansionary monetary policy stance

• National bank maintains ultra-low interest rates since Nov 2012 at 0.05%

• Central bank cut policy rate to historic low of 1.75% in May 2015

• As part of euro zone ECB rates are applicable in SK

• Base rate was cut to historic low of 1.05% in April 2016

• Central bank maintains discount rate at 7.0% since mid-2011

2014 2015

1.11%

0.10%

1.48%

0.21%

10-year Gov 3m Interbank

2014 2015

1.11%

0.33%

1.55%

0.36%

2014 2015

4.03%

1.70%

4.57%

2.29%

2014 2015

1.38%

0.10%

1.93%

0.21%

2014 2015

4.12%

2.01%

4.80%

2.41%

2014 2015

0.86% 0.73%

Source: Bloomberg.

Page

Business performance: customer loans and deposits – Continued loan growth, stable deposit base, balanced business

Customer loans (net)

Loan/deposit ratio

9

0.3 0.3

RS 0.7 0.5

HR 6.0 6.1

HU 3.1 3.6

SK 9.3 8.0

RO 7.2 7.2

CZ 19.7

Other

18.0

AT/OA 12.1 11.7

AT/SB 38.0 37.0

AT/EBOe 29.5 28.3

Group 125.9 120.8

in EUR bn

31/12/15 31/12/14

Customer deposits

107.3% 94.5%

111.3% 122.7%

77.9% 90.8% 87.3% 83.1%

75.9% 81.4%

74.6% 73.5%

326.9% 294.2%

100.5% 102.6%

97.4% 94.6% 98.4% 98.6%

-0.5 0.1 0.6 0.6

5.4 5.0 4.0 3.9

10.7 9.7 9.4 8.9

26.4 24.5

3.7 4.0

37.9 36.1

30.3 29.9

127.9 122.6

in EUR bn Not meaningful

Page

Business performance: operating revenues and expenses – Pressure on revenues, slight increase in costs

Operating revenues Operating expenses

10

-1.5%

2015

6,772 255 210

1,862

4,445

2014

6,878 271 242

1,870

4,495

Other income Net trading and fair value result Net fee and commission income Net interest income

466

+2.2%

2015

3,869 445

1,179

2,245

2014

3,787

1,137

2,184

Depreciation and amortisation Other administrative expenses Personnel expenses

in EUR m in EUR m

Page

Business performance: operating result and cost/income ratio – Operating result slips year-on-year

Geographic segments

Performance summary

• Positive operating performance in: • EB Oesterreich • Savings Banks • Other Austria (Large Corporates & Commercial

Real Estate)

• Pressure on operating performance in: • Hungary due to lower volumes driven by

government legislation • Romania due to NPL disposals and lower

performing volumes • Czech Republic due to low interest rate

environment & card fee cap

11

Other -104 -53

RS 19 12

HR 215 216

HU 157 267

SK 334 327

RO 340 400

CZ 751 787

AT/OA 323 298

AT/SB 469 447

AT/EBOe 400 390

Group 2,903 3,091

66.9% 76.4%

46.6% 45.9%

53.5% 39.7% 44.3% 44.9% 50.1%

45.3% 47.6% 45.7%

51.6% 52.0%

67.3% 67.6%

61.6% 61.8%

57.1% 55.1%

in EUR m

2015 2014

Not meaningful

Page

Business performance: risk costs – Risk costs fall in almost all segments

Geographic segments

Performance summary

• Healthy or improving credit risk environment across the board: • Romania • Austria, supported by all three subsegments • Hungary, improving but still elevated

• Relatively high risk costs in:

• Croatia, due to challenging economic environment

12

77

16

51

85

11

58

97

79

84

59

Other

RS

HR 167 155

HU 106 152

SK

RO -16 924

CZ 135

AT/OA 269

AT/SB 199

AT/EBOe 104

Group 729 2,084

3.05% 0.68% 0.64%

-0.18%

1.78% 2.73% 2.44% 2.28% 2.37%

0.51% 9.39%

0.73% 0.61%

2.15% 0.21% 0.50% 0.20% 0.36% 0.56%

1.63%

in EUR m

2015 2014

Not meaningful

Page

Business performance: asset quality in 2015 – Strong asset quality improvement driven by Hungary, Romania and Croatia

NPL volume

NPL coverage (exc collateral)

13

60

83

41

75

Other

RS

HR 1,032 1,262

HU 655 1,157

SK 540 422

RO 1,712 2,138

CZ 834 821

AT/OA 1,345 1,483

AT/SB 2,219 2,441

AT/EBOe 861 1,012

Group 9,314 10,878

13.5% 15.2%

10.5% 14.1% 15.3%

18.4% 18.7%

26.8% 5.6% 5.0%

20.2% 23.7%

4.1% 4.4%

10.5% 11.8%

5.6% 6.3%

2.9% 3.5%

7.1% 8.5%

in EUR m

31/12/15 31/12/14

NPL ratio

99.8% 75.6%

88.4% 75.8%

67.4% 60.4% 59.0% 64.0% 65.7%

82.4% 77.4% 82.2%

72.4% 79.7%

53.2% 58.1% 57.7%

64.0% 62.6%

68.9% 64.5% 68.9%

Page

Business performance: other result – Improvement in Other result driven by lower one-offs

Other result *

Levies on banking activities

14

• Improvement in other result was biggest contributor to bottom line turn around after risk costs, in 2015

• Lower banking levies in Hungary and Slovakia support year-on-year decrease in banking levy charge

-535

2015 2014

-1,735 -236

-256

2015 2014

in EUR m in EUR m

*) Includes other operating result and gains/losses from financial assets and liabilities not measured at fair value through profit or loss, net.

Page

Business performance: pre-tax result and taxes on income – Massive turn-around in pre-tax result

Pre-tax result

Taxes on income

15

• Low risk costs and improved other result drive pre-tax result into positive territory

• Tax rate is at 22.2% in 2015

-728

2015

1,639

2014

-364

-521

2015 2014

in EUR m in EUR m

Page

Business performance: net result and dividend – Dividend reinstated at EUR 0.5 per share

Net result

Dividend

16

• Payout ratio equates 22.2%

2015

968

2014

-1,383

2015

0.5

2014

0.0

in EUR m in EUR

Page

Business performance: regulatory capital position – Capital build continues at fast pace in 2015, resulting in 12.3% in CET1 ratio

Regulatory capital (EUR bn)

Risk-weighted assets (EUR bn)

17

Capital ratios (in %)

15.8

5.2

2015

17.6

5.4

12.1

2014

10.6

Tier 2 CET1

2015

98.3 2.8

10.8

84.7

2014

100.6 3.2 10.3

87.1

Trading risk Op risk Credit RWA

2015

17.9

12.3

12.3

2014

15.7

10.6

10.6

CET1 Tier 1 Total capital

Page

Q1 16 performance summary – Upfront booking of deposit insurance fees, lower revenues weigh on operating result

Operating revenues

Operating expenses

18

Operating result

461 443

-3.5%

1-3 16

1,629 50 44

1,092

1-3 15

1,689 57 72

1,099

Other income Net trading and fair value result Net fee and commission income Net interest income

554 565

281 334

+6.4%

1-3 16

1,009 110

1-3 15

948 113

Depreciation and amortisation Other administrative expenses Personnel expenses

in EUR m in EUR m in EUR m

620741

-16.3%

1-3 16 1-3 15

Page

Q1 16 performance summary – Net profit advances by 22% in Q1 16

Risk costs

Other result

19

Net result

• Risk costs plummet due to Other Austria, Romania, Hungary and Croatia

• Other result includes full-year 2016 resolution fund contribution of EUR 64.7m

• Net profit rises resulting in return on equity of 9.8%

56

183-69.2%

1-3 16 1-3 15

-137-143

1-3 16 1-3 15

in EUR m in EUR m in EUR m

275226

+21.7%

1-3 16 1-3 15

Page

Q1 16 performance summary – Volume growth paired with continued asset quality improvement

Customer loans (net)

Customer deposits

20

NPL ratio

• Customer loan growth mainly driven by the Czech Republic

• Continued inflow of customer deposits despite low interest rate environment

• Across the board improvement in asset quality

31/03/16 31/12/15

125,897 126,740

+0.7%

128,640

+0.5%

127,946

31/12/15 31/03/16

in EUR m in EUR m

6.7%

31/03/16

7.1%

31/12/15

Page

Share price performance – Improving performance increasingly reflected in share price, up 50.3% in 2015

21

15

20

25

30

35

30/1

2/14

30/0

1/15

28/0

2/15

31/0

3/15

30/0

4/15

31/0

5/15

30/0

6/15

31/0

7/15

31/0

8/15

30/0

9/15

31/1

0/15

30/1

1/15

31/1

2/15

31/0

1/16

29/0

2/16

31/0

3/16

30/0

4/16

in E

UR

Page

Conclusion – Outlook 2016

• CEE economic environment anticipated to be conducive to credit expansion • Real GDP growth of between 1.5-4.1% expected in 2016 in all major CEE markets, including Austria • Real GDP growth to be driven by solid domestic demand

• Return on tangible equity (ROTE) expected at about 10-11% in 2016 underpinning continued dividend payout • Support factors: continued loan growth; further asset quality improvement amid a benign risk

environment; positive one-off related to VISA sale in the amount of about EUR 127m pre-tax • Headwinds: persistent low interest rate environment affecting group operating income, primarily NII;

lower operating results in Hungary (lower volumes) and Romania (following asset re-pricing); banking levies (total of banking taxes, FTT, resolution fund and deposit insurance fund contributions) expected at about EUR 360m pre-tax in 2016

• Risks to guidance • Geopolitical risks and global economic risks • Impact from negative interest rates • Consumer protection initiatives

22

Page

Thank you for your attention!

Page

Agenda Items

Friedrich Rödler Chairman of the supervisory board

Page

Second item on the agenda

Appropriation of the profit

25

Page

Third item on the agenda

Grant of discharge to the members of the management board

26

Page

Fourth item on the agenda

Grant of discharge to the members of the supervisory board

27

Page

Fifth item on the agenda

Resolution on the remuneration of the members of the supervisory board

28

Page

Sixth item on the agenda

Appointment of an additional auditor

29

Page

Seventh item on the agenda

Amendments of the articles of association

30

Page

23rd Annual General Meeting Erste Group Bank AG

Q & A

Page

23rd Annual General Meeting Erste Group Bank AG

Resolutions

Page

Second item on the agenda

Appropriation of the profit

33

Page

Third item on the agenda

Grant of discharge to the members of the management board

34

Page

Fourth item on the agenda

Grant of discharge to the members of the supervisory board

35

Page

Fifth item on the agenda

Resolution on the remuneration of the members of the supervisory board

36

Page

Sixth item on the agenda

Appointment of an additional auditor

37

Page

Seventh item on the agenda

Amendments of the articles of association

38

Page

23rd Annual General Meeting Erste Group Bank AG

Thank you for your active participation!