Vseobecna uverova banka : Annual report 2022 (Non-Official

ANNUAL FINANCIAL REPORT OF VÚB, a. s. OF 2022

prepared in accordance with Article 34 of Act No. 429/2002 Coll. on the Stock Exchange, as amended, and Article

77 of Act No. 566/2001 Coll. on Securities and Investment Services and on changes and amendments to some

acts, as amended

Section 1 - Issuer's identification

Business name:	Všeobecná úverová banka, a.s.
Registered office:	Mlynské nivy 1, 829 90 Bratislava
Company ID:	31 320 155
Date of establishment:	April 1,1992
Founder:	National Property Fund of the Slovak Republic, Bratislava
Capital in EUR:	EUR 430,819,063.81
Contact person:	Ing. Ľubomír Fedor
Phone no.:	[phone]
E-mail:	[e-mail]
Website:	www.vub.sk

Scope of business

Pursuant to Article 2 of Act No. 483/2001 Coll. on Banks, the Bank carries out, apart from taking deposits and providing loans, the following activities:

1. The provision of payment services and clearing;
2. The provision of investment services, investment activities and auxiliary services under the Act on Securities, and investing in securities for account;
3. Trading activities for the Bank's account:
4. 1. in financial instruments of the money market in EUR or foreign currency, including currency exchange services;
   2. in financial instruments of the capital market in EUR or foreign currency;
   3. in precious metal coins, commemorative coins and banknotes, sheets of banknotes and sets of circulation coinage;
5. The management of claims on behalf of clients, including advisory services;
6. Financial leasing;
7. The provision of guarantees, opening and endorsing of letters of credit;
8. The provision of business advisory services;
9. The issuance of securities, participation therein, and the provision of related services;
10. Financial intermediation;
11. The safe custody of assets;
12. The renting of safe deposit boxes;

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1. The provision of banking information;
2. Mortgage transactions pursuant to Article 67(1) of the Act on Banks;
3. Performance of the functions of a depository under a separate regulation;
4. The processing of banknotes and coins;
5. The issuance and administration of electronic money;
6. Financial intermediation under a special regulation as an independent financial agent in the insurance and reinsurance sector, provision of loans, housing loans and consumer loans, and as a tied financial agent in the supplementary pension savings sector;

Pursuant to Article 79a and Article 6 of Act No. 566/2001 Coll. on Securities and Investment Services and on changes and amendments to some acts (Act on Securities)

Pursuant to Article 79a(1) and Article 6(1) and (2) of Act No. 566/2001 Coll. on Securities and Investment Services, the investment of securities on own account, the provision of investment services, investment activities and ancillary services in accordance with Article 79a(1) and in conjunction with Article 6(1) and (2) of the Act on Securities, within the following scope:

1. Reception and transmission of client orders in relation to one or more financial instruments with respect to the following financial instruments:
2. 1. transferable securities;
   2. money market instruments;
   3. fund shares or securities issued by foreign collective investment entities;
   4. options, futures, swaps, forwards and other derivatives related to securities, currencies, interest rates or yields or other derivative instruments, financial indexes or financial rates which can be settled by delivery or in cash;
   5. options, swaps and forwards related to commodities which must be settled in cash or can be settled at the option of one of the parties; this does not apply if the settlement is carried out due to insolvency or another event resulting in contract termination;
   6. options and swaps related to commodities which can be settled in cash, if traded on a regulated market or within a multilateral trading system;
   7. options, swaps and forwards related to emission licences, inflation rate which must be settled in cash or can be settled at the option of one of the parties, for a reason other than due to insolvency or another event resulting in contract termination;
3. execution of orders on behalf of clients with respect to financial instruments:
4. 1. transferable securities,
   2. money market instruments,
   3. fund shares or securities issued by foreign collective investment entities;
   4. options, futures, swaps, forwards and other derivatives related to securities, currencies, interest rates or yields or other derivative instruments, financial indexes or financial rates which can be settled by delivery or in cash;
   5. options, swaps and forwards related to commodities which must be settled in cash or can be settled at the option of one of the parties; this does not apply if the settlement is carried out due to insolvency or another

event resulting in contract termination;

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1. 1. options and swaps related to commodities which can be settled in cash, if traded on a regulated market or within a multilateral trading system;
   2. options, swaps and forwards related to emission licences, inflation rate, which must be settled in cash or can be settled at the option of one of the parties, for a reason other than due to insolvency or another event resulting in contract termination;
2. dealing on own account with respect to financial instruments:
3. 1. transferable securities,
   2. money market instruments,
   3. fund shares or securities issued by foreign collective investment entities;
   4. options, futures, swaps, forwards and other derivatives related to securities, currencies, interest rates or yields or other derivative instruments, financial indexes or financial rates which can be settled by delivery or in cash;
   5. options, swaps and forwards related to commodities which must be settled in cash or can be settled at the option of one of the parties; this does not apply if the settlement is carried out due to insolvency or another event resulting in contract termination;
   6. options and swaps related to commodities which can be settled in cash, if traded on a regulated market or within a multilateral trading system;
   7. options, swaps and forwards related to emission licences, inflation rate, which must be settled in cash or can be settled at the option of one of the parties, for a reason other than due to insolvency or another event resulting in contract termination;
4. portfolio management with respect to financial instruments:
5. 1. transferable securities,
   2. money market instruments,
   3. fund shares or securities issued by foreign collective investment entities;
   4. options, futures, swaps, forwards and other derivatives related to securities, currencies, interest rates or yields or other derivative instruments, financial indexes or financial rates which can be settled by delivery or in cash;
6. investment advice with respect to financial instruments:
7. 1. transferable securities,
   2. money market instruments,
   3. fund shares or securities issued by foreign collective investment entities;
8. underwriting or placing of financial instruments on a firm commitment basis with respect to financial instruments:
9. 1. transferable securities,
   2. fund shares or securities issued by foreign collective investment entities;

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1. placing of financial instruments without a firm commitment basis with respect to financial instruments:
2. 1. transferable securities,
   2. money market instruments,
   3. fund shares or securities issued by foreign collective investment entities;
3. safe custody and administration of financial instruments for the account of clients, including custodianship and related services, such as cash/collateral management with respect to financial instruments:
4. 1. transferable securities,
   2. money market instruments,
   3. fund shares or securities issued by foreign collective investment entities;
5. granting credits or loans to an investor to allow him to carry out a transaction in one or more financial instruments, where the provider of the credit or loans is involved in the transaction;
6. advice on capital structure and business strategy, and advice and services relating to the merger, consolidation, transformation or splitting of undertakings or the purchase of undertakings;
7. foreign exchange transactions where these are connected to the provision of investment services;
8. investment survey and financial analysis or the other forms of general recommendation relating to transactions in financial instruments;
9. services related to the underwriting of financial instruments;
10. receipt and transmission of clients' orders concerning one or more financial instruments, execution of clients'

order on their own account, trading on own account related to underlying derivative instruments - forwards related to emission licenses which must be settled in cash or can be settled at the option of one of the parties for a reason other than due to insolvency or other event resulting in contract termination, provided that they are connected with the provision of investment services or ancillary investment services for these derivatives.

Notification on the manner and date of publishing of the annual financial report pursuant to Article 47(4) of the Act

on Stock Exchange

(Issuer's website or daily newspaper, or a generally recognized information system in which the annual financial

report has been published)

• Register of Financial Statements,https://www.registeruz.sk/
• the company's websitewww.vub.sk, 29 April 2023.

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Section 2 - Financial Statements

Separate financial statements prepared in accordance with IFRS, as adopted by the EU

Separate statement of financial position according to IFRS

Separate statement of profit or loss and other comprehensive income according to IFRS Separate statement of changes in equity according to IFRS

Separate statement of cash flows according to IFRS

Notes according to IFRS

See Annex no. 1 - The Annual Report 2022, under section "The Separate Financial Statements"

Consolidated financial statements prepared in accordance with IFRS, as adopted by the EU

Consolidated statement of financial position according to IFRS

Consolidated statement of profit or loss and other comprehensive income according to IFRS Consolidated statement of changes in equity according to IFRS

Consolidated statement of cash flows according to IFRS

Notes according to IFRS

See Annex no. 1 - The Annual Report 2022, under section "The Consolidated Financial Statements"

Pursuant to Article 34(5) of the Act on the Stock Exchange, the financial statements and the consolidated financial statements must be audited by auditor (business name of the audit firm, seat, licence number, audit date)

Ernst & Young Slovakia, spol. s r.o., Žižkova 9, 811 02 Bratislava, licence SKAU No. 257, 27 February 2023

Pursuant to Article 34(3) of the Act on the Stock Exchange, where the issuer is required to produce consolidated financial statements under a special regulation, the financial report shall also include the annual statement of finances of the parent company produced in accordance with the legislation of the Member State in which the parent company was established.

The annual financial statements of the parent company Intesa Sanpaolo S.p.A., Torino, Italy, is fully available on the

website of the parent company: www.intesasanpaolo.com

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