BPER Banca S p A : Consolidated interim report on operations as at 30 September 2022

CONSOLIDATED INTERIM REPORT ON OPERATIONS AS AT 30 SEPTEMBER 2022

Consolidated interim report on operations as at 30 September 2022

Contents

The present document is the English translation of the Italian Consolidated interim report on operations, prepared for and used in Italy, and has been translated only for the convenience of international readers. The Consolidated 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, http://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

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Consolidated interim report on operations as at 30 September 2022

Contents

Contents

Directors and officers of the Parent Company at the date of approval of the Consolidated interim report on operations as at 30 September 2022

Group interim report on operations as at 30 September 2022

Consolidated financial statements

Consolidated balance sheet as at 30 September 2022 Consolidated income statement as at 30 September 2022 Consolidated statement of other comprehensive income Consolidated statement of changes in shareholders' equity

Explanatory notes

page 4

page 6

page 73 page 74 page 75 page 76

Form and content of the Consolidated interim report on operations	page 79
as at 30 September 2022
Information on the consolidated balance sheet	page 98
Information on the consolidated income statement	page 120
Information on risks and related hedging policies	page132
Information on consolidated shareholders' equity	page 141
Information on Business combinations	page 145
Attachments
Geographical organisation of the Group	page 155
Declaration of the Manager responsible for preparing	page 157
the Company's financial reports

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Consolidated interim report on operations as at 30 September 2022

Directors and officers of the Parent Company

Directors and officers of the Parent Company at the date of approval of the Consolidated interim report on operations as at 30 September 2022

Board of Directors

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

Board of Statutory Auditors

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

1. Monica Cacciapuoti was appointed member of the Board of Directors following the outcome of the BPER Banca ordinary Shareholders' Meeting held on 5 November 2022. The Shareholders' Meeting was called to supplement the number of directors who make up the Board of Directors, pursuant to art. 20 of the Articles of Association. Monica Cacciapuoti will remain in office until the Shareholders' Meeting called to approve the financial statements for the year 2023.
   (**) Carlo Appetiti was appointed Standing Auditor by the BPER Banca ordinary Shareholders' Meeting held on 27 July 2022 following the resignation of Paolo De Mitri. Carlo Appetiti will remain in office until the Shareholders' Meeting called to approve the financial statements for the year 2023.

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	Consolidated interim report on operations as at 30 September 2022
	Directors and officers of the Parent Company
General Management
General Manager:	Piero Luigi Montani
Deputy General Managers:	Stefano Rossetti (Acting)
	Gian Luca Santi (***)
	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.

1. Gian Luca Santi resigned with immediate effect on 8 September 2022 from the offices of non-executive Director and member of the Bank's Nomination and Corporate Governance Committee. On the same day, the Board of Directors, having obtained the opinion of the competent Board committees, resolved to hire Gian Luca Santi, with effect from October 2022, as Deputy General Manager of the Bank, serving as head of Strategy, Finance & Innovation.

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