Commentary & Deal Flow

Československá obchodná banka, a.s. (ČSOB), the Slovak financial institution subsidiary of KBC Bank NV, (ticker: "CSOBSK", country: Slovakia) rated A2 (negative) by Moody's, has mandated Natixis as Global Coordinator and Danske Bank, Erste Group, KBC Bank, LBBW and Natixis as Joint Bookrunners. The issuer is available for investor calls upon request.

An expected €500m (WNG), Reg S bearer, 5-year European Covered Bond (Premium) EUR offering will follow, subject to market conditions. The transaction is backed to a 100% by prime Slovak residential mortgages and is expected to be rated Aaa by Moody’s.

• Stabilization: Relevant stabilization regulations including FCA/ICMA will apply.
• Target Market: MiFID II Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels).
• Advertisement: The offering documentation in relation to the issuer’s Debt Securities Issuance Programme, including the base prospectus, any supplements thereto and the final terms, when published, is available at https://www.csob.sk/o-nas/cenne-papiere/kryte-dlhopisy

Deal Information:

• Investor Presentation: https://www.csob.sk/documents/11005/1749649/CSOB_IP_202605.pdf
• Cover Pool Information: https://www.csob.sk/documents/11005/1068881/kryci_subor_k_31032026.pdf
• Moody’s Performance Overview: https://www.csob.sk/documents/11005/1068881/moodys-performance_overview_31_12_2025.pdf
• Base Prospectus: https://www.csob.sk/documents/11005/1068881/base-prospectus-dated-26082025-EN.pdf
• Supplement dated 17 April 2026: https://www.csob.sk/documents/11005/1068881/Supplement_No_1_dated_17042026_CB.pdf
• Supplement dated 27 April 2026: https://www.csob.sk/documents/11005/1068881/Supplement_No_2_dated_17042026_CB.pdf