Zagrebacka banka (ZABA) Q4 2024 earnings summary

Executive summary

• Achieved net profit after tax of €556 million for 2024, up €47 million (+9.2%) year-over-year.

• Business income rose to €1,040 million (+8.4%), with strong growth in key segments and market leadership maintained.

• Operational excellence reflected in cost control and robust capital and liquidity positions.

• Continued focus on ESG, digital transformation, and employee wellbeing initiatives.

Financial highlights

• Net profit after tax: €556 million (+9.2% YoY).

• Operating income: €1,040 million (+8.4% YoY); net interest income: €724 million (+5.2% YoY); net fee and commission income: €234 million (+7.8% YoY).

• Operating expenses: €352 million (+5.7% YoY); cost-to-income ratio: 33.85%.

• Pre-impairment operating profit: €675 million (+10.5% YoY).

• Total assets: €25,947 million (+5.5% YoY); customer loans: €13,669 million (+8.1% YoY); customer deposits: €20,746 million (+3.4% YoY).

Outlook and guidance

• Macroeconomic uncertainty persists due to geopolitical tensions, with ongoing monitoring of impacts on financial position and results.

• Strong capital and liquidity positions support resilience and continued client support.