Zagrebacka banka (ZABA) investor relations material

Executive summary

• Net profit after tax for H1 2026 was €251 million, a decrease of €7 million (-2.7%) year-over-year.

• Operating income rose to €417 million (+0.7%), driven by higher net fee and commission income (+16.0%).

• Operating expenses increased to €118 million, mainly due to higher personnel costs and targeted investments in human capital.

• The cost-to-income ratio remained strong at 28.3%, reflecting continued cost discipline.

• The bank maintained a prudent risk management approach, with a net release of provisions amounting to €4 million.

Financial highlights

• Net interest income: €278 million (+0.4% year-over-year).

• Net fee and commission income: €109 million (+16.0% year-over-year).

• Trading and other income: €30 million (-30.2% year-over-year).

• Total assets: €23,556 million (+1.3% from year-end 2025).

• Net loans to customers: €13,654 million (+6.6% year-over-year).

• Customer deposits: €19,073 million (+5.5% year-over-year).

• Operating profit before impairments: €299 million (+0.7% year-over-year).

• Earnings per share: €1.57 (basic and diluted).

Outlook and guidance

• The bank expects continued economic resilience in Croatia, supported by GDP growth and stable labor market trends.

• Ongoing focus on sustainable, client-driven growth and disciplined risk management.

• Strong capital and liquidity positions are expected to support resilience against macroeconomic and geopolitical uncertainties.