Page

22nd Annual General Meeting Erste Group Bank AG 12 May 2015 Austria Center Vienna

Page

Friedrich Rödler Chairman of the supervisory board

Page

First item on the agenda

Report on the financial year 2014

3

Page

Report on the financial year 2014 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 – Robust economic backdrop 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 2014 (euro zone GDP grew by 0.9% yoy in 2014) • Domestic demand was significant growth driver • Neutral contribution of exports to GDP growth in 2014

CZ

2.4 2.0

AT

0.8 0.3

-0.4

HR

0.0

HU

2.5

3.6

RO

2.8 2.9

SK

2.5 2.4

HR

-0.6

-1.8

HU

3.0

4.0

RO

2.7 3.0

SK

1.2

2.4

CZ

2.7 2.2

AT

0.9 0.7

2015 2014

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

-5.5 -5.0

HU

-2.5 -2.7

RO

-2.2 -1.9

SK

-2.5 -2.9

CZ

-2.0 -1.2

AT

-2.2 -2.4

8177

39

55

44

85 87

76

40

54

42

84

SK HR RO CZ AT HU

2014 2015

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 0.05% in Sept 14; 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 1.8% in April 2015; ECB QE could result in further cuts

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

2013 2014

1.48% 1.99%

0.21% 0.22%

10-year Gov 3m Interbank

2014 2013

0.36%

2.07% 1.55%

0.46%

2014 2013

3.98%

4.57%

2.29%

5.36%

2014 2013

0.22%

1.93%

0.21%

2.55%

2014 2013

5.91%

4.32%

4.80%

2.41%

2014 2013

0.73% 1.26%

Source: Bloomberg.

Page

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

Customer loans (net)

Loan/deposit ratio

9

Other 0.3 0.4

RS 0.5 0.5

HR 6.1 6.1

HU 3.6 4.5

SK 8.0 7.1

RO 7.2 8.4

CZ 18.0 17.8

AT/OA 11.7 11.4

AT/SB 37.0 36.4

AT/EBOe 28.3 27.4

Group 120.8 119.9

in EUR bn

2014 2013

Customer deposits

258.2%

82.6%

67.3%

90.8%

78.3%

294.2%

83.1%

81.4%

94.5%

133.3%

109.8%

100.3%

102.6%

122.7%

73.5%

98.6% 91.3% 94.6% 103.6%

98.0%

-0.3

9.7

0.6 0.6

9.1

4.1

0.1

5.0 4.6

8.9 8.4

24.5 26.5

3.9

4.0 4.4

36.1 35.1

29.9 30.0

122.6 122.4

in EUR bn Not meaningful

Page

Business performance: operating revenues and expenses – Pressure on net interest income, costs under control

Operating revenues Operating expenses

10

219

1,870

2013

6,878

1,806

271 242

4,495

285 6,995

2014

4,685

-1.7%

Other income

Net interest income

Net trading and fair value result Net fee and commission income

518 466

2,232

3,787

2013

3,896

2014

1,137

-2.8%

2,184

1,146

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 stable year-on-year

Geographic segments

Performance summary

• Stable operating performance, supported by: • EB Oesterreich • Savings Banks • Slovakia

• Pressure on operating performance in:

• Czech Republic due to low interest rate environment

• Romania due to NPL disposals and lower performing volumes

• Hungary due to lower volumes driven by government legislation

11

1212

-53 -90

RS

HR 216 191

HU 267 255

SK 327 323

RO 400 518

CZ 787 826

AT/OA

Other

298 350

AT/SB 447 378

AT/EBOe 390 336

Group 3,091 3,099

76.4% 75.3%

45.9% 43.0% 39.7% 41.4% 44.9% 43.5% 45.3%

41.6% 45.7% 46.6% 52.0% 51.1%

67.6% 71.0%

61.8% 64.3%

55.1% 55.7%

in EUR m

2014 2013

Not meaningful

Page

Business performance: risk costs – Risk costs driven exclusively by Romania clean-up

Geographic segments

Performance summary

• Healthy credit risk environment in: • EB Oesterreich • Savings Banks • Czech Republic • Slovakia

• High risk costs in:

• Romania, due to one-off provisioning for accelerated NPL resolution

• Hungary, but improving trend • Croatia, due to challeging economic

environment • Other Austria, but improving trend

12

16

10

47

78

77

16

51

Other

RS

HR 155 159

HU 152 201

SK

RO 999 454

CZ 135 140

AT/OA 269 440

AT/SB 199 229

AT/EBOe 104

Group 2,159 1,774

2.73% 1.69% 2.28% 2.40% 3.05% 3.46%

0.64% 0.64%

10.16% 4.08%

0.73% 0.74%

2.15% 3.40%

0.50% 0.59% 0.36% 0.27%

1.69% 1.38%

in EUR m

2014 2013

Not meaningful

Page

Business performance: asset quality in 2014 – Strong asset quality improvement driven by Romania, Hungary

NPL volume

NPL coverage (exc collateral)

13

22

86

60

83

Other

RS

HR 1,262 1,179

HU 1,157 1,421

SK 422 407

RO 2,138

CZ 821 850

AT/OA 1,483 1,638

AT/SB 2,441 2,571

AT/EBOe 1,012 1,070

Group 10,878 12,296

3,052

15.2% 6.2%

14.1% 15.3%

18.4% 17.4%

26.8% 26.4%

5.0% 5.4%

23.7% 29.2%

4.4% 4.6%

11.8% 13.4%

6.3% 6.8%

3.5% 3.8%

8.5% 9.6%

in EUR m

2014 2013

NPL ratio

75.6% 20.6%

75.8% 76.6%

60.4% 53.9%

64.0% 62.2%

82.4% 86.4%

82.2% 66.9%

79.7% 78.4%

58.1% 53.0%

64.0% 60.3%

68.9% 63.7%

68.9% 63.1%

Page

Business performance: other result – Other result driven down by intangible write-downs

Other result *

Levies on banking activities

14

• Deterioration in other result driven by intangible writedowns of EUR 964.8m, primarily related to Romania

• Lower banking levies due to changed formula in Austria that created level playing field, and lower charge in Slovakia

-946

2014

-1,735

2013

-256

-311

2014 2013

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 – Income tax burdened by negative change in deferred tax assets

Pre-tax result

Taxes on income

15

• Pre-tax result impacted by high risk costs and intangible write-downs

• Negative change in deferred tax assets amounted to EUR 197.0m in 2014

378

2014

-803

2013

-509

-179

2014 2013

in EUR m in EUR m

Page

Business performance: net result and dividend – No dividend based on 2014 net loss

Net result

Dividend

16

• No dividend as Erste Group Bank AG has no distributable funds in 2014

60

2014

-1,442

2013 2013

0.0

2014

0.2

in EUR m in EUR m

Page

Business performance: regulatory capital position – Strong capital ratios despite Basel 3 implementation and net loss in 2014

Regulatory capital (EUR bn)

Risk-weighted assets (EUR bn)

17

Capital ratios (in %)

15.8

4.2

0.4

2014

15.9

5.0

0.0

10.8

2013

11.2

Tier 2 AT1 CET1

2014

100.6 3.2 10.3

87.1

2013

97.9 2.9

10.2

84.9

Trading risk Op risk Credit RWA

2014

15.6

10.6

10.6

2013

16.3

11.8

11.4

CET1 Tier 1 Total capital

Basel 2.5 Basel 3 Phased-in

Basel 3 Phased-in

Basel 2.5 Basel 3 Phased-in

Basel 2.5

Page

Q1 15 performance summary – Stable operating performance despite NII headwinds

Operating revenues

Operating expenses

18

Operating result

452 461

-0.1%

1-3 15

1,689 57 72

1,099

1-3 14

1,691 64 50

1,124

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

546 554

292 281

125 113

-1.6%

1-3 15

948

1-3 14

963

Personnel expenses

Depreciation and amortisation Other administrative expenses

in EUR m in EUR m in EUR m

741727

1-3 14

+1.9%

1-3 15

Page

Q1 15 performance summary – Net profit doubles in Q1 15

Risk costs

Other result

19

Net result

• Strong improvement in risk costs due to Romania, Hungary and Savings Banks

• Deterioration in other result due to booking of resolution fund contribution of EUR 54.9m

• Net profit doubles resulting in return on equity of 9.0%

183

364-49.7%

1-3 15 1-3 14

-143-124

1-3 15 1-3 14

in EUR m in EUR m in EUR m

226

103

+118.5%

1-3 15 1-3 14

Page

Q1 15 performance summary – Volume growth paired with continued asset quality improvement

Customer loans (net)

Customer deposits

20

NPL ratio

• Customer loan growth mainly driven by Retail and Large Corporate segments

• Continued inflow of customer deposits despite low interest rate environment

• NPL ratio decline mainly due to Hungary

31/03/15 31/12/14

120,834 123,437

+2.2%

124,752

+1.8%

122,583

31/12/14 31/03/15

in EUR m in EUR m

8.1%

31/03/15

8.5%

31/12/14

Page

Share price performance – Improving performance increasingly reflected in share price, after 24.1% drop in 2014

21

15

20

25

3030

/12/

14

06/0

1/15

13/0

1/15

20/0

1/15

27/0

1/15

03/0

2/15

10/0

2/15

17/0

2/15

24/0

2/15

03/0

3/15

10/0

3/15

17/0

3/15

24/0

3/15

31/0

3/15

07/0

4/15

14/0

4/15

21/0

4/15

28/0

4/15

05/0

5/15

in E

UR

Page

Conclusion – Outlook 2015 • Operating environment anticipated to be conducive to credit expansion

• Real GDP growth of between 2-3% expected in 2015 in all major CEE markets, except Croatia • Real GDP growth to be driven by solid domestic demand • Real GDP growth in Austria expected at below 1% in 2015

• Return on tangible equity (ROTE) expected at 8-10% in 2015 (YE 14 TE: EUR 8.4bn)

• Operating result expected to decline in the mid-single digits on the back of lower but sustainable operating results in Hungary (due to FX conversion related effect of lower average volume) and Romania (lower unwinding impact) as well as persistent low interest rate environment

• Loan growth expected in the low single digits in 2015 • Risk costs expected to decline to about EUR 1.0-1.2bn in 2015 • Banking levies expected at about EUR 360m in 2015, including parallel contributions to national as well

as European bank resolution and deposit insurance funds; related discussions with Austrian government still ongoing

• Risks to guidance

• Consumer protection initiatives • Geopolitical risks resulting in potentially negative economic impacts

22

Page

Page

Agenda Items

Friedrich Rödler Chairman of the supervisory board

Page

Second item on the agenda

Grant of discharge to the members of the management board

25

Page

Third item on the agenda

Grant of discharge to the members of the supervisory board

26

Page

Fourth item on the agenda

Resolution on the remuneration of the members of the supervisory board

27

Page

Fifth item on the agenda

Elections to the supervisory board

28

Page

Sixth item on the agenda

Appointment of an additional auditor

29

Page

Seventh item on the agenda

Approval of the acquisition of own shares for the purpose of securities trading

30

Page

Eighth item on the agenda

Authorisation to acquire own shares for no designated purpose and to the exclusion of trading in own shares as purpose of this acquisition, and authorisation of the management board to dispose of acquired shares, also by means other than the stock exchange or a public offering, combined with the authorisation of the management board to exclude the shareholders’ general right to tender and general subscription option, subject to the supervisory board's consent, as well as the authorisation of the management board to redeem own shares, likewise subject to the supervisory board's consent

31

Page

22nd Annual General Meeting Erste Group Bank AG

Q & A

Page

22nd Annual General Meeting Erste Group Bank AG

Resolutions

Page

Second item on the agenda

Grant of discharge to the members of the management board

34

Page

Third item on the agenda

Grant of discharge to the members of the supervisory board

35

Page

Fourth item on the agenda

Resolution on the remuneration of the members of the supervisory board

36

Page

Fifth item on the agenda

Elections to the supervisory board

Page

Sixth item on the agenda

Appointment of an additional auditor

38

Page

Seventh item on the agenda

Approval of the acquisition of own shares for the purpose of securities trading

39

Page

Eighth item on the agenda

Authorisation to acquire own shares for no designated purpose and to the exclusion of trading in own shares as purpose of this acquisition, and authorisation of the management board to dispose of acquired shares, also by means other than the stock exchange or a public offering, combined with the authorisation of the management board to exclude the shareholders’ general right to tender and general subscription option, subject to the supervisory board's consent, as well as the authorisation of the management board to redeem own shares, likewise subject to the supervisory board's consent

40

Page

22nd Annual General Meeting Erste Group Bank AG

Thank you for your active participation!