The current Pillar 3 Disclosure Report of Erste Bank Hungary Zrt. is made in accordance with the CRR and the Hungarian legislation, specifically Act CCXXXVII of 2013 on Credit Institutions and Financial Enterprises (hereinafter Hpt.).

This document is required to be published on a regular basis – once a year. Az Erste Bank Hungary Zrt. choose the internet to publish the disclosure:

Erste Bank Hungary Zrt. (referred to as ‘Bank’) is a member of Erste Group (Erste Group Bank AG), listed on the Vienna, Prague and Bucharest Stock Exchanges. The Bank is a limited liability company, incorporated and domiciled in Hungary. As of 31 December 2021, the direct parent of the Bank was Erste Group Bank AG. In June 2016 Corvinus Nemzetközi Befektetési Zrt. (representing the Hungarian State) and the European Bank for Reconstruction and Development (EBRD) signed the contractual framework with Erste Group Bank AG to acquire minority equity stakes of 15 per cent each in Erste Bank Hungary Zrt. The Bank with its fully owned subsidiaries forms ‘Erste Csoport’.

Based on the institutions' audited data of 31 December 2014 the Bank was identified by the central bank of Hungary, acting within its macro-prudential supervisory function, as a systemically important credit institution. The Bank is subject to a yearly ‘Supervisory Review and Evaluation Process’. The disclosures are subject to external verification only to the extent that they have been made in the Bank's Financial Statements for the year ended 31 December 2021. The report may include rounding differences.

The Disclosure report provides comprehensive disclosure on the risk profile, risk management and capital management of Erste Bank Hungary Zrt. as of 31st December 2021.

The core activities of Erste Bank Hungary Zrt. are savings, investments, loans and credits as well as leasing services. Geographically the Bank focuses primarily on the Hungarian market and offers its services for private individuals, small and medium-sized enterprises, financial institutes as well as for large corporations, municipalities, public sector and for non-profit organisations. Based on the Bank’s Business Strategy the key risks for Erste Bank Hungary Zrt. are credit risk, market risk and operational risk.

The capital situation of the bank is stable. The capital structure exceeds the minimum requirements set out in the CRR. The consolidated solvency ratio was at 20.80% on 31st December 2021, which is significantly above the regulatory minimum. The Bank aims to operate at a level comfortably above the Basel III regulatory requirement. Consolidated leverage ratio of the Bank was 8.52% on 31 December 2021.

This information will be published simultaneously in Hungarian, in case of discrepancy between the information included in the Hungarian and English versions, the information in English shall prevail.