International Presence and Activities

VUB COVERED BOND RATING Domestic Market Comparable Markets Poland Issuer Rating CB Rating PKO Bank Hip. Baa1 Aa1 mBank Hip. Baa2 Aa2 Slovakia Pekao Hip. BBB+ A- Deposit rating CB Rating VUB A2 Aa2 Czech Republic Slovenská sporiteľňa A2 Aaa Deposit rating CB Rating Tatra banka A3 Aaa Raiffeisen Bank A3 Aa2 Komerční banka A AAA Source: Bloomberg, VUB as of March, 2021 Estonia Deposit rating CB Rating Luminor Bank Baa1 Aa1 50

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