VÚB presents a unique investment certificate

VÚB Bank, in cooperation with its parent bank Intesa Sanpaolo, is offering its clients an interesting investment opportunity in the form of a Digital Investment Certificate. The product, with a potential return of 4.7% per annum, has a memory effect and offers partial protection of the invested amount. Its underlying asset is an index of the shares of the largest European banks. The certificate may be suitable for investors with medium-term goals.

Certificate parameters:

• potential return of up to 4.7% p.a.,

• memory effect: chance to earn coupons for the previous period

• Underlying asset: Euro Stoxx® Banks Index

• 3-year maturity

• Protection of 95% of the invested amount in the event of unfavorable development of the underlying asset, provided that the client holds the certificate until maturity

An investment certificate is a three-year debt security whose yield depends on the performance of the underlying asset. In this case, the underlying asset is the Euro Stoxx ® Banks Index, which tracks the performance of the largest European banks. The subscription period for the current €20 million issue ends on November 13, 2025, with the price of one certificate being €1,000. All other information about fees can be found in the product documentation at www.vub.sk/ludia/investovanie/investicne-certifikaty.html

"The product is intended for investors who have confidence in the banking sector, and it may also be a suitable means of diversifying investment risk. Investors in this product expect European banks to continue to perform well. Their shares have grown in recent years, some significantly, mainly due to expected mergers," says Peter Dudák, Director of the Premium Clients and Private Banking Department at VÚB Bank, adding: "Financial institutions are expected to operate more efficiently. The cost-to-income ratio should fall below 50% in 2027. The good news is that banks are capital-strong – even in the event of a major crisis, most of them would be able to cope with the situation without any problems. At the same time, bank shares are still cheaper than the European market average."

Investors will receive an annual interest rate of 4.7% if, on the specified date, the value of the underlying asset is equal to or higher than it was on the date of issue of the certificates (i.e., November 18, 2025). The maturity date of the certificate is November 20, 2028. However, investors can also sell the certificate earlier on the secondary market.

The certificate available at VÚB Bank has a memory effect – if the value of the underlying asset at the end of the three-year period (specifically, November 16, 2025) is higher than or equal to 100% of its initial value, the client will receive all interest that was not paid in previous years of certificate ownership. If it is lower than or equal to 95% of the value of the underlying asset on the date of issue of the certificate, the investor has protection in the amount of 95% of the issue price, provided that the client holds the certificate until maturity.

Investment certificates are medium-low risk debt securities with potentially attractive returns that provide investors with effective access to financial markets. Their value and yield depend on the performance of the underlying asset, which may be, in particular, shares or stock indices, currencies, or commodities. Investors receive regular income depending on the performance of the underlying asset, with the product providing partial protection of the invested amount after certain conditions are met. They are intended for those who already have some experience with investment products, are looking for medium-term investment opportunities, and are able to bear the loss of part of the invested amount in the event of unfavorable developments in the underlying asset.

Warning: The value of the investment may fluctuate, the return is not guaranteed, and the return on investment is not guaranteed. The suitability of the product must be assessed with a banker and included in the portfolio according to investment objectives and investment horizon.

For more information, visit https://www.vub.sk/ludia/investovanie/investicne-certifikaty.html

Marketing communication prepared by VÚB, a. s. Investing in certificates involves risk. The value of the investment may increase, stagnate, or even decrease, and the return of the originally invested amount is not guaranteed. Past performance is not a reliable indicator of future performance. The tax regime depends on the individual circumstances of each investor, which may change in the future. Information on investment services, including warnings regarding the risks associated with investments in financial instruments, is available at all VÚB, a. s. sales outlets and at www.vub.sk in the Mission and Values section, Investor Protection.