CrediaBank (CREDIA) investor relations material

Executive summary

• Achieved record growth in Q1 2026 across all KPIs, including net interest income up 28% year-on-year to €46.8 million, net fee income up 55% to €11 million, and gross loans up 40% to €4.9 billion, significantly outpacing the market.

• Completed a €300 million share capital increase, oversubscribed up to 4x, strengthening capital position amid geopolitical uncertainty.

• Strategic focus on market share growth in Greece, integration in Malta, digital transformation, and targeted M&A, including acquisitions of Pantelakis Securities, Evropi Holdings, and HSBC Malta.

• Transformation program advanced, including digital initiatives and branch modernization, with 40% of branches targeted for upgrade by year-end.

• Net profit for Q1 2026 reached €7.8 million, a significant increase from €0.1 million in Q1 2025, driven by higher net interest and commission income and improved operating efficiency.

Financial highlights

• Net interest income up 28% year-on-year to €46.8 million; net fee income up 55% to €11 million; recurring pre-provision income up 26% to €24.1 million.

• Gross loans rose 40% year-on-year to €4.9 billion; net credit expansion up 97% to €459 million; deposits up 14% to €6.8 billion, outpacing market growth.

• Recurring net profit up 17% year-on-year to €13 million; reported net profit at €7.8 million vs. €0.1 million in Q1 2025.

• Cost-to-income ratio improved to 60.7%, down 450 bps year-on-year.

• Operating expenses (excluding non-recurring items) were €40.2 million, with staff costs stable but general expenses up 43% due to transformation and M&A-related costs.

Outlook and guidance

• No revision yet to annual net credit expansion targets despite strong H1 performance; may reconsider after H1 results.

• Integration of Malta operations and completion of Pantelakis and Evropi acquisitions on track, with Malta regulatory approval expected by October and legal day one set for April 2027.

• Management targets further improvements in profitability, asset quality, and capital ratios, supported by strong liquidity and capital position.