CrediaBank (CREDIA) investor relations material

Executive summary

• Achieved record H1 2026 results with net interest income up 26% YoY to €98.2m, net fee income up 34% YoY to €22.7m, and gross loans up 39% YoY to €5.3bn, driven by robust loan and deposit growth and ongoing transformation.

• Recurring pre-provision income reached €53.6m (+45% YoY), recurring profit after tax was €31.3m (+45% YoY), and reported PAT was €23m, nearly 4x higher YoY.

• Strategic initiatives included acquisitions of Evropi Holdings and a 70% stake in Pantelakis Securities, plus partnerships with BNP Paribas Asset Management and EIB.

• Digital transformation advanced with the Aurora program, CRM and lending automation go-live, and branch modernization.

• Transformation and M&A initiatives are driving growth, with digital and ESG progress supporting operational excellence.

Financial highlights

• Net interest income for H1 2026 was €98.2m (+26% YoY); net fee & commission income €22.7m (+34% YoY); core income grew 27% YoY to €120.9m.

• Recurring operating income grew 18% YoY to €130.3m; recurring operating expenses rose 4% YoY to €76.7m, mainly due to digital transformation and Malta acquisition costs.

• Recurring PPI up 45% YoY to €53.6m; recurring profit before tax €40.1m (+45% YoY); recurring profit after tax €31.3m (+45% YoY).

• Reported profit after tax €23m (+368% YoY), reflecting robust core income growth.

• Cost-to-income ratio improved by 770–772bps YoY to 58.9%.

Outlook and guidance

• Transformation program and digital initiatives expected to deliver further operational efficiencies, with first digital milestones live and more planned for H2 2026.

• Strategic acquisitions (HSBC Malta, Pantelakis Securities, Evropi Holdings) to diversify revenue streams, expand market presence, and deliver ~8% EPS accretion by 2028.

• Fee income projected to more than double by 2028 with new business lines.

• Completion of HSBC Malta acquisition in Q4 2026 will nearly double total assets and enhance profitability.