Zagrebacka banka (ZABA) Q2 2025 earnings summary

Executive summary

• Net profit after tax for H1 2025 was €305 million, unchanged from H1 2024, reflecting stable business performance and strong operational efficiency.

• Business income reached €522 million, up 1.0% year-over-year, with cost-to-income ratio at 32.57%.

• The group maintains a robust capital and liquidity position, with sufficient loan loss coverage and continued support for the economy and community.

Financial highlights

• Net interest income was €344 million, down 5.0% year-over-year, while net fee and commission income rose 7.0% to €123 million.

• Trading and other income increased by 37.5% to €55 million.

• Operating expenses remained flat at €170 million.

• Pre-impairment operating profit was €347 million, up 1.2% year-over-year.

• Total assets grew 5.2% to €27,292 million; customer loans increased 8.9% to €14,887 million; customer deposits rose 2.4% to €21,243 million.

Outlook and guidance

• The group continues to focus on digital transformation, ESG ambitions, and operational simplification to ensure sustainability.

• Ongoing macroeconomic and geopolitical uncertainties are being closely monitored for potential impacts on future financial performance.