4. Amendments in accounting principles and comparability

New and revised International Financial Reporting Standards (IFRS)

Since 1 January 2025, the following new and revised standards and interpretations have taken effect and have no material impact on the consolidated financial statements of VP Bank Group:

• IAS 21 Lack of exchangeability.

The following future amendments do not have a material impact on the consolidated financial statements of VP Bank Group

There are currently no new or amended IFRS or interpretations that have a material impact on VP Bank Group.

• Annual Improvements to IFRS Accounting Standards Amendments to IFRS 1, IFRS 7, IFRS 9, IFRS 10 and IAS 7 (effective date 1 January 2026)
• Amendments to IFRS 9 and IFRS 7- Amendments to the Classification and Measurement of Financial Instruments (effective date 1 January 2026)
• Amendments to IFRS 9 and IFRS 7- Contracts Referencing Nature-dependent Electricity (effective date 1 January 2026)
• IFRS 18 Presentation and Disclosure in Financial Statements (effective date 1 January 2027)
• IFRS 19 Subsidiaries without Public Accountability: Disclosures (effective date 1 January 2027)

With the exception of IFRS 18, the new IFRS and the amendments to existing IFRS will have no impact on the consolidated financial statements of VP Bank Group. The introduction of IFRS 18 will result in changes to the presentation, summary of results, and disclosures in the notes. VP Bank Group is currently evaluating the impact of the new standard on its consolidated financial statements. IFRS 18 will be implemented on January 1, 2027.