Zagrebacka banka (ZABA) Q1 2025 earnings summary

Executive summary

• Net profit after tax for Q1 2025 was €151 million, nearly unchanged from Q1 2024, reflecting stable business performance and strong capital and liquidity positions.

• Business income remained stable at €263 million, with operational excellence reflected in cost control and robust credit portfolio coverage.

• The group continues to focus on digital transformation, ESG ambitions, and supporting the economy and community.

Financial highlights

• Net profit after tax: €151 million, down €3 million (-1.9%) year-over-year.

• Operating income: €263 million, up €10 million (+4.0%) year-over-year.

• Net interest income: €173 million, down €8 million (-4.4%) year-over-year.

• Net fee and commission income: €62 million, up €5 million (+8.8%) year-over-year.

• Trading and other income: €28 million, up €13 million (+86.7%) year-over-year.

• Operating expenses: €85 million, up €3 million (+3.7%) year-over-year.

• Cost-to-income ratio: 32.32%.

• Total assets: €26,282 million, up €336 million (+1.3%) from year-end 2024.

• Net loans to customers: €14,231 million, up €562 million (+4.1%) from year-end 2024.

• Customer deposits: €20,880 million, up €134 million (+0.6%) from year-end 2024.

Outlook and guidance

• The group maintains a strong capital and liquidity position and continues to monitor macroeconomic and geopolitical uncertainties.

• Ongoing focus on digitalization, ESG, and operational simplification to ensure sustainability.