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Erste Group Bank AG

4th ERSTE Investors’ Breakfast

Ljubljana, Slovenia

Grand hotel Union

Miklošičeva cesta 1, Ljubljana

9th May 2016

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Erste Investors’ Breakfast - Ljubljana

AGENDA:

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9:30 - 10:00 Welcome Reception

10:00 - 10:05 Opening Remarks

Stefan Dörfler, Head of Group Markets, Erste Group Bank AG

10:05 - 10:30 Macroeconomic Update - Slovenia

Alen Kovač, Head of Economic Research Department, Erste&Steiermärkische Bank d.d. Zagreb

10:30 - 11:00 MiFID II

Harald Mueller, Head of Group Fixed Income Trading, Erste Group Bank AG

11:00 - 11:15 Break

11:15 - 11:50 Round Table Discussion: „To raise or not to raise?“

Antun Burić, Deputy Head of Institutional Sales - SEE, Erste Group Bank AG (moderator)

Speakers:

Andrej Plos, CEO, Banka Sparkasse d.d.

Gottfried Ziniel, Senior Trader, Government Bond Trading, Erste Group Bank AG

Simon Sović, Director, FI/SSA/Corporate DCM Origination, Erste Group Bank AG

11:50 - 12:00 Closing Remarks

Manfred Neuwirth, Head of Group Markets Financial Institutions, Erste Group Bank AG

12:00 - 13:00 Refreshments

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Erste Group at a glance

CET 1 ratio (Basel 3, phased-in)

Total assets

Net profit

Key financials: YE 2015

• Founded in 1819 as the first Austrian savings bank

Total equity

Loan to deposit ratio

Operating result

3

12.3%

EUR 199.7bn

EUR 968.2mn

EUR 14.8bn

98.4%

EUR 2.9bn

Credit rating BBB+ / Baa2

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Erste Group is well positioned in Europe

Warsaw

Istanbul

Belgrade

Zagreb

Budapest

Bratislava Paris

Austria

Position: No. 1

Clients: 3.4m

Corp.Loans: 17.7%

Serbia

Position: No. 10

Clients: 0.4m

Corp.Loans: 2.8%

Hungary

Position: No. 3

Clients: 0.9m

Corp.Loans: 5.6%

Vienna

London

Prague

Berlin

Stuttgart

Romania

Position: No. 1

Clients: 3.0m

Corp.Loans: 17.9%

● Top corporate bank in CEE:

Ø 17% market share

● > 19.8bn loans outstanding

with large corporate customers

● TOP position in DCM:

> 11% market share

in AUT & CEE Bucharest

Erste Group core markets (i.e. full banking operations incl. aff iliates)

Additional investment banking target countries

Branches and distribution off ices

Cooperation

Partner in Spain

Position: No. 3

Clients: 12.9m

Cooperation Partner

Barcelona

Czech Republic

Position: No. 1

Clients: 4.8m

Corp.Loans: 18.6%

Slovak Republic

Position: No. 1

Clients: 2.4m

Corp.Loans: 10.9%

Croatia

Position: No. 3

Clients: 1.1m

Corp.Loans: 15.7%

New York

North America

Hong Kong

Asia

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Steiermärkische Sparkasse Group

7 markets, 6 411 employees, 2.4 MN customers, € 14,4 BN assets

Sparkasse Slovenija

• Assets: € 1.088 MM

• Customers: 46.759

• Employees: 212

Sparkasse B&H

• Assets : € 596 MM

• Customers : 108.552

• Employees : 475

Sparkasse Makedonija

• Assets : € 284 MM

• Customers : 56.700

• Employees : 328

Erste&Steiermärkische Bank Hrvatska

• Assets : € 8.933 MM

• Customers : 861.444

• Employees : 2131

Erste Srbija

• Assets : € 1.000 MM

• Customers : 377.537

• Employees : 1069

Erste Bank AD Podgorica

• Assets : € 369 MM

• Customers : 79.837

• Employees : 238

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Source: Central banks of countries, Erste research, International monetary fund, World Bank, European commission

end of year 2015

Countries Population

(in mn) GDP (in bn eur)

GDP YoY

GDP 2016f

GDP (2009-2015)

Public debt (% of GDP)

Public debt 2016f (% of

GDP)

Government budget balance

Inflation (avg)

Unemployment

Credit Rating (S&P/

Moody's)

Croatia 4,2 43,5 1,6% 1,5% -12% 87,3% 89,6% -4,4% -0,50% 16,7% BB / Ba2

Slovenia 2,1 38,5 2,9% 1,9% -4% 83,4% 82,0% -2,9% 0,50% 9,3% A- / Baa3

Serbia 7,2 33 0,7% 1,5% -0,5% 73,2% 74,2% -3,7% 1,70% 17,9% BB- / B1

Bosnia and Herzegovina

3,8 13,9 2,5% 3,0% 4% 44,2% 44,6% -2,3% -0,50% 27,7% B / B3

Albania 3,1 10,3 2,7% 3,4% 16% 72,0% 71,0% -4,8% 0,20% 17,7% B+ / B1

Macedonia 2,1 8,8 3,0% 3,5% 14% 40,2% 41,5% -3,6% 0,40% 27,5% BB- / BB+

(Fitch)

Kosovo 1,9 5,6 3,2% 3,8% 19% 21,4% 25,4% -2,0% -0,50% 35,0% -

Montenegro 0,6 3,6 3,9% 4,2% 6% 65,1% 70,0% -6,5% 1,50% 17,5% B+/ Ba3

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SEE Macroeconomic Figures

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SEE Financial Institutions Sector end of year 2014/2015

Source: Central banks of countries

*Others – including investment funds, factoring companies etc.

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Countries Assets (in

bn eur) Banks Insurance

Pension Funds

Leasing Others

Croatia 75,6 70,70% 6,90% 13,70% 3,30% 5,40%

Slovenia 56,7 71,30% 12,33% 2,60% 6,20% 7,57%

Serbia 27 92,00% 5,20% 0,70% 2,00% 0,10%

Bosnia and Herzegovina

13 87,13% 4,86% - 2,62% 5,39%

Albania 11,8 92,00% 1,60% 0,10% 0,70% 5,60%

Macedonia 7,2 87,60% 3,30% 6,40% 1,40% 1,30%

Kosovo 4,3 70,80% 3,10% 23,20% - 2,90%

Montenegro 3,5 88,50% 4,30% 7,10% - 0,10%

SEE Financial Institutions Sector

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> 20 years of proven expertise

EUR 201.4 bn assets under custody

35% market share in international institutional custody

> 2,500 institutional clients

direct Clearstream's sub-custodian for Austrian market

market coverage: > 60 markets worldwide

SSEG

Austria

GlobalCustodian Awards

BEST RATED CUSTODIAN IN AUSTRIA 11 years in a row

(2004-2015)

“BEST BANK AGENT – BANK NETWORK IN MAJOR MARKETS”

(2015)

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Securities Services Erste Group (SSEG)

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Group Financial Institutions › Sales Contacts - SEE

Jaromir Malak

Head of Institutional Sales - CEE & International

Tel: +43 501 00 84254

jaromir.malak@erstegroup.com

Antun Burić

Deputy Head, Institutional Sales, SEE Head of Financial Institutions, Croatia

Tel: +43 664 88756436

Tel: +385 99 237 2439

aburic@erstebank.com

Željko Pavičić

South Eastern Europe Sales Associate

Tel: +385 72 37 1494

zpavicic1@erstebank.com

Ivan Jelavić

South Eastern Europe Sales Senior Associate

Tel: +385 72 37 1707

ijelavic@erstebank.com

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Manfred Neuwirth

Head Group Markets

Financial Institutions Tel: +43 501 00 84251

manfred.neuw irth@erstegroup.com

Z

A

G

R

E

B

V

I

E

N

N

A

Valentina Krivec

Junior Account Manager Tel: +385 72 37 1504

ivkrivec@erstebank.com

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Round Table Discussion

› To raise or not to raise?

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Gottfried

Ziniel

Andrej

Plos

Simon

Sovic

Antun

Burić

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Euro Area Interest Rate

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The ECB left its benchmark refinancing rate

on hold at a record low of 0.0% on April 21st

2016, following a 5bps cut in the previous

month and in line with market forecasts.

Rates are expected to stay at present or

lower levels for an extended period of time,

President Mario Draghi said.

The asset purchase programme was kept at

€80 billion a month but the central bank said

will start buying corporate bonds in June.

Interest Rate in the Euro Area averaged

2.23 percent from 1998 until 2016, reaching

an all time high of 4.75 percent in October of

2000 and a record low of 0 percent in March

of 2016.

The risks to the euro area growth outlook still

remain tilted to the downside.

Looking ahead, on the basis of current

futures prices for energy, inflation rates could

turn negative again in the coming months

before picking up in the second half of 2016.

Thereafter, supported by our monetary policy

measures and the expected economic

recovery, inflation rates should recover

further in 2017 and 2018.

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Q & A

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Gottfried

Ziniel

Andrej

Plos

Simon

Sovic

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Thank you!

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