Reporting on Gender Balance Among Directors

Reference: Directive (EU) 2022/2381

The Board's composition and effectiveness are regularly reviewed by the Remuneration, Nominations and Governance Committee, which considers the balance of skills, tenure, experience, and independence, in accordance with the Board Diversity Policy Statement, updated in September 2025 to take into account the provisions of the recently adopted Women on Board Directive (2022/2381 as transposed in Chapter 13 of the Capital Markets Rules).

Amongst the Board Directors, the Bank has three female Directors, a majority of independent members, and two foreign nationals. This diversity helps the Board effectively understand business risks and key performance indicators that impact the Bank's ability to achieve its objectives. This diversity is further heightened by a mix of longer serving and recently appointed Directors ensuring a balance of institutional memory and fresh perspectives. Additionally, there is an ongoing evaluation of the skills, competencies, knowledge, experience, tenure, and independence required to fulfil boardroom responsibilities. Consequently, the Bank’s Board is line with the requirements of the Women on Boards Directive wherein the Bank holds the minimum number of Directors of the underrepresented sex necessary to meet the objective of 33 % (Article 5(1), point (b)) (ie 3 female members out of 10).