PRESS CONFERENCE, 31 JULY 2023

Half-year results 2023

Willi Cernko, Chief Executive Officer

Stefan Dörfler, Chief Financial Officer

Alexandra Habeler-Drabek,Chief Risk Officer

Ingo Bleier, Chief Corporates & Markets Officer

GDP growth in 2022: A strong starting base

+2.5%

+1.7%

+4.9%

+4.6%

+4.7%

+6.2%

eurozone

+3.5%

+2.3%

Erste region Ø

+4.0%

Source: Erste Group Research

2

GDP forecast for 2023: Growth - but significantly lower

+0.2%

+1.5%

+0.6%

+0.5%

+2.1%

+2.6%

eurozone

+0.5%

+1.6%

Erste region Ø

+1.0%

Source: Erste Group Research

3

GDP forecast for 2024: CEE back to solid growth

+2.8%

+2.5%

+1.6%

+4.1%

+4.2%

+2.6%

eurozone

+1.3%

+3.8%

Erste region Ø

+2.9%

Source: Erste Group Research

4

Budget deficits: Significant improvements expected in 2024

IN % OF GDP

2022

2023e

2024e

Maastricht criteria

AT

CZ

SK

-1.6

-2.0

-2.8

-3.2-3.2

-3.6

-4.0-4.0

-5.5

eurozone Ø

2022:

-3.6%

2023e:

-3.2%

2024e:

-2.4%

HU

RO

HR

RS

0.4

-0.8

-2.2

-3.0

-2.8

-3.4

-3.2

-3.5

-4.2

-4.7

-6.2-6.2

Source: Erste Group Research

5

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Erste Group Bank AG published this content on 31 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2023 09:08:03 UTC.