CrediaBank (CREDIA) investor relations material

Executive summary

• Achieved record growth in Q1 2026 across all key financial metrics, including net credit expansion, loan book, deposits, and recurring profitability, with net interest income up 28% year-on-year to €46.8 million and net fee income up 55% year-on-year to €11 million.

• Gross loans rose 40% year-on-year to €4.9 billion, with SME loans comprising 35% of new disbursements; deposits increased 14% year-on-year to €6.8 billion, outpacing market growth.

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

• Announced strategic acquisitions of Pantelakis Securities, Evropi Holdings, and HSBC Malta to diversify revenue, expand fee income, and support international expansion.

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

Financial highlights

• Net credit expansion up 97% year-on-year to €459 million; loan book up 40% year-on-year to €4.9 billion.

• Customer deposits up 14% year-on-year to over €6.8 billion, outpacing market growth.

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

• Fee income up 55% year-on-year to €11 million, now 18% of recurring revenues.

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

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 recent acquisitions on track, with regulatory approval expected by October and legal day one set for April 2027.

• Continued focus on digital transformation, cost rationalization, and targeted M&A to drive future growth.

• Management targets further improvements in profitability, asset quality, and capital ratios.

• HSBC Malta acquisition expected to double assets and deposits on a pro forma basis by 2027.