FINANCIAL ASSETS AT AMORTISED COST: LOANS AND RECEIVABLES DUE FROM CUSTOMERS Performing assets Impaired assets Assets subject to an ECL at 12 months (Stage 1) Assets subject to lifetime ECL (Stage 2) (Stage 3) Total (in thousands of euro) Gross book value Impairment for credit losses Gross book value Impairment for credit losses Gross book value Impairment for credit losses Gross book value Impairment for credit losses Net book value (a) (b) (a) + (b) As of 31 December 2024 3,478,955 -792 40,209 -368 16,668 -7,339 3,535,832 -8,499 3,527,333 Transfers of assets during their lifetime from one stage to another -41,225 1 28,181 1 13,044 -102 0 -100 Transfers from Stage 1 to Stage 2 -34,242 2 34,242 -2 Transfers from Stage 2 to Stage 1 895 -2 -895 2 Transfers to Stage 3 (1) -7,878 1 -5,166 1 13,044 -102 -100 Return from Stage 3 to Stage 2/Stage 1 Total after transfers 3,437,730 -791 68,390 -367 29,712 -7,441 3,535,832 -8,599 3,527,233 Changes in gross book values and value adjustments for losses 85,484 -62 -1,944 18 -11,517 -2,910 72,023 -2,954 New production: purchase, granting, origination, etc. (2) 1,438,704 -459 3,112 -464 1,441,816 -923 Derecognition: sale, redemption, expiry, etc. -1,353,286 408 -5,039 449 -11,508 205 -1,369,833 1,062 Write-offs Changes in cash flows on loans restructured due to financial difficulties Changes in credit risk inputs of models over the period -3,126 -3,126 Changes in the model / methodology Changes to the scope Other 66 -11 -17 33 -9 11 40 33 Total 3,523,214 -853 66,446 -349 18,195 -10,351 3,607,855 -11,553 3,598,005 Changes in book value attributable to specific accounting valuation terms (with no significant impact on the value adjustment) (3) -23,410 696 -22,714 As of 31 December 2025 3,499,804 -853 66,446 -349 18,891 -10,351 3,585,141 -11,553 3,575,291 Outstanding amounts of financial assets under contracts that were written off during the period and are still subject to enforcement measures 0 0 0 0 (1) Transfers to Stage 3 correspond to outstandings initially classified in Stage 1 which, during the year, were downgraded directly to Stage 3, or to Stage 2 and then to Stage 3. (2) Originated loans in Stage 2 may include assets initially classified in Stage 1 which were reclassified to Stage 2 during the period. (3) Includes variations in fair value adjustments of micro-hedged instruments, variations relating to use of the EIR method (notably the amortisation of premiums/ discounts), and variations relating to the accretion of discounts on restructured loans (restated as NBI over the remaining term of the asset), and variations in the related receivables. Annual Report 2025 101
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