BPER Banca S p A : Consolidated half-year financial statements as at 30 06 2022

CONSOLIDATED HALF-YEAR REPORT AS AT 30 JUNE 2022

Consolidated half-year report as at 30 June 2022

The present document is the English translation of the Italian Consolidated half-year report, prepared for and used in Italy, and it has been translated only for the convenience of international readers. The Group interim report on operations was prepared using International Reporting Standards (IAS/IFRS); therefore it is not intended to present the financial position and results of operations and cash flows according to accounting principles and practices other than IAS/IFRS.

BPER Banca S.p.A.

Head office in Via San Carlo 8/20, Modena, Italy Tel. [phone] - Fax [phone] Register of Banks no. 4932

Parent Company of the BPER Banca S.p.A. Banking Group Registered in the Register of Banking Groups with ABI code 5387.6 http://www.bper.it, https://istituzionale.bper.it;

E-mail:[e-mail] - Certified e-mail (PEC): [e-mail] Company belonging to the BPER Banca VAT Group VAT no. 03830780361 Tax Code and Modena Companies Register no. 01153230360

C.C.I.A.A. Modena Chamber of Commerce 222528 Share capital Euro 2,100,435,182.40 Member of the Interbank Deposit Protection Fund and of the National Guarantee Fund Ordinary shares listed on the regulated Euronext market

2

Consolidated half-year report as at 30 June 2022

Contents

Contents

Directors and officers of the Parent Company as of the date of approval of the Consolidated	page 4
half-year report as at 30 June 2022
Group interim report on operations as at 30 June 2022	page 6
Half-year condensed consolidated financial statements
Consolidated financial statements
Consolidated balance sheet as at 30 June 2022	page 91
Consolidated income statement as at 30 June 2022	page 92
Consolidated statement of other comprehensive income	page 93
Consolidated statement of changes in shareholders' equity	page 94
Consolidated statement of cash flows	page 95
Consolidated explanatory notes
Part A - Accounting policies	Page 99
Part B - Information on the consolidated balance sheet	page 123
Part C - Information on the consolidated income statement	page 157
Part E - Information on risks and related hedging policies	page 175
Part F - Information on consolidated shareholders' equity	page 197
Part G - Business combinations	page 201
Part H - Related-party transactions	page 208
Part I - Equity-based payments	page 212
Part L - Segment reporting	page 218
Attachments
Geographical organisation of the Group	page 225
Certifications and other reports
Certification of the condensed half-year consolidated financial statements as at 30 June	page 229
2022 pursuant to art. 81-ter of Consob Regulation no. 11971 dated 14 May 1999 and
subsequent additions and amendments
Report on review of the half-year condensed consolidated financial statements as at 30	page 230
June 2022

3

Consolidated half-year report as at 30 June 2022

Directors and officers of the Parent Company

Directors and officers of the Parent Company as of the date of approval of the consolidated half-year financial report as at 30 June 2022

Board of Directors

Chair:	Flavia Mazzarella
Deputy chair:	Riccardo Barbieri
Chief Executive Officer:	Piero Luigi Montani
Directors:	Elena Beccalli
	Silvia Elisabetta Candini
	Maria Elena Cappello
	Cristiano Cincotti
	Gianfranco Farre
	Alessandro Robin Foti
	Roberto Giay
	Gianni Franco Papa
	Marisa Pappalardo
	Monica Pilloni
	Gian Luca Santi
	Elisa Valeriani

Board of Statutory Auditors

	Chair:	Daniela Travella
	Standing Auditors:	Patrizia Tettamanzi
		Carlo Appetiti (*)
	Alternate Auditors:	Sonia Peron
		Andrea Scianca

1. appointed by the Ordinary Shareholders' Meeting of BPER Banca on 27 July 2022. The Standing Auditor, appointed after Paolo De Mitri tendered his resignation on 6 June 2022, will remain in office until the date of the Shareholders' Meeting which will be convened for the approval of the financial statements for 2023.

4

Consolidated half-year report as at 30 June 2022

Directors and officers of the Parent Company

General Management

General Manager:	Piero Luigi Montani
Deputy General Managers:	Stefano Rossetti (Vice Deputy)
	Elvio Sonnino

Manager responsible for preparing the Company's financial reports

Manager responsible for preparing the
Company's financial reports:	Marco Bonfatti

Independent Auditors

Deloitte & Touche s.p.a.

5