Zagrebacka banka (ZABA) investor relations material

Executive summary

• Net profit after tax reached €156 million for Q1 2026, up 3.3% year-over-year, driven by resilient economic activity and prudent risk management.

• Business growth was supported by strong lending activities, especially in retail and SME segments, and a balanced business model focused on client needs.

• The bank maintained a stable funding base, cost efficiency, and robust capital and liquidity positions despite ongoing geopolitical and market uncertainties.

Financial highlights

• Operating income was €269 million, up 2.3% year-over-year; net interest income was €173 million, stable despite lower interest rates.

• Net fee and commission income rose 19.4% to €74 million, while trading and other income fell 21.4% to €22 million.

• Operating expenses remained flat at €85 million; cost-to-income ratio was 31.6%.

• Operating profit before impairments and provisions increased 3.4% to €182 million.

• Total assets grew 0.4% to €28,470 million; net loans to customers rose 3.1% to €16,367 million; customer deposits increased 2.3% to €22,141 million.

Outlook and guidance

• The bank continues to monitor macroeconomic and geopolitical risks, maintaining a cautious approach to risk and capital management.

• Focus remains on sustainable growth, client retention, and leveraging digital and physical channels.