Bankia : The company submits a presentation about the results for the second quarter of 2017 for press.

2Q 2017

26 July 2017

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This document has been prepared by Bankia, S.A. ("Bankia") and is presented exclusively for information purposes. It is not a prospectus and does not constitute an offer or recommendation to invest.

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This document includes, or may include, forward-looking information or statements. Such information or statements represent the opinion and expectations of Bankia regarding the developmentof its business and revenue generation, but such development may be substantially affected in the future by certain risks, uncertainties and other material factors that may cause the actual business development and revenue generation to differ substantially from our expectations. These factors include i) market conditions, macroeconomic factors, government and supervisory guidelines, ii) movements in national and international securities markets, exchange rates and interest rates and changes in market and operational risk, iii) the pressure of competition, iv) technological changes, v) legal and arbitration proceedings, and vi) changes in the financial situation or solvency of our customers, debtors and counterparties. Additional information about the risks that could affect Bankia's financial position, may be consulted in the Registration Document approved and registered in the Official Register of the CNMV.

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CONTENTS

1. HIGHLIGHTS OF THE HALF-YEAR

2. 2Q 2017 RESULTS

3. ASSET QUALITY AND RISK MANAGEMENT

4. LIQUIDITY AND SOLVENCY

5. CONCLUSIONS

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QUARTERLY RESULTS PRESENTATION

Highlights of the half-year

1 Competitive

positioning

Profitability

Strong boost to our competitive positioning in the

first six months of the year….

…resulting in an increase in profitability in the

period…

+108,000 New direct deposits of income

JUN 17 vs JUN 16

2.3x New mortgages 1H17 vs 1H16

Attrib. profit 1H17 vs 1H16

Asset quality

4 Capital

generation

… and reducing non-performing loans and

foreclosed assets…

…with another quarter accumulating capital (45bps)

+80 bps CET1 FL JUN17 vs DEC16

€750mn AT1 issue

€500 mn T2 issue

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