CrediaBank (CREDIA) investor relations material

Executive summary

• 9M net profit was €37.4m versus €9.9m; recurring net profit reached €49.5m, up 56% YoY.

• 9M operating income reached €204.0m; gross loans grew 45% YoY to €6.0bn and deposits rose 32% to €8.8bn.

• Q3 organic growth accelerated, with loans up 13% QoQ and deposits up 16%; NPE ratio remained at 2.4%.

Financial highlights

• 9M NII rose 31.9% to €158.1m and net fees increased 33.6% to €35.1m; recurring PPI reached €87.3m, up 56%.

• Total operating income rose 18% to €204.0m; non-core income fell 39% to €10.8m. Reported PPI increased 142% to €70.7m and PBT rose 230% to €45.9m.

• Q3 NII was €59.9m, up 16% QoQ; net fees were €12.4m, up 5%. Q3 recurring PPI reached €33.7m and recurring net profit was €18.2m.

• Recurring operating expenses rose 8% to €116.7m; excluding Malta acquisition and IT/digital improvement costs, expenses rose 4%. Reported expenses fell 8%.

• NIM reached 2.35% in Q3, up 28 bps YoY and 8 bps QoQ; net fee margin was 0.49% of assets.

Outlook and guidance

• Q4 recurring profitability, NII and fee income expected to improve QoQ; loan growth expected to match the 9M quarterly pace.

• NIM expected to improve in Q4 and 2027; ~2.4% indicated as a reasonable Q4 level. 2027 budget and guidance are expected with Q4 results.

• Medium-term CET1 guidance is ~15.5%, with a management buffer around 13.5%; organic capital generation and RWA growth each indicated at roughly 0.7% per quarter.

• HSBC Malta closing was targeted for H1 2027; H2 2027 consolidation expected to add annualized revenue exceeding €200m. Pro forma assets and deposits projected at €16.4bn and €13.3bn.

• Fee income is expected to more than double by 2028; following Evropi absorption, EPS growth of ~8% by 2028, double-digit ROI and >100 bps capital-ratio uplift were expected.