Procredit Holding Ag · XETR:PCZ
Procredit — 9M / Q3 2025 Earnings Presentation
49 slides from Procredit's earnings presentation, Nov 13, 2025
Slide 1: 9M / Q3 2025 results
Hubert Spechtenhauser, Chairman of the Management Board Christian Dagrosa, CFO and member of the Management Board 9M / Q3 2025 results Frankfurt am Main, November 2025
Slide 2: A. Highlights and business update
A. Highlights and business update B. Group results C. Outlook ProCredit Group | 9M / Q3 2025 results | Frankfurt am Main, 13 November 2025 1
Slide 3: 9M 2025: Reinforcing strategic direction of growth and digital transformation
9M 2025: Reinforcing strategic direction of growth and digital transformation Strong progress on loan growth and balance sheet transformation: loans grow by 10.2%1 of which ~80% driven by granular, lower-volume client segments Group result of €58.2m or 7.4% RoE reflecting positive underlying trends
Slide 4: 9M 2025 at a glance
9M 2025 at a glance Customer loans Customer deposits Stage-3 ratio +7.9% 4.0% 2.1% Loan portfolio €7.6bn Customer deposits €8.6bn -0.2 pp ytd FX-adjusted: +10.2% FX-adjusted: +6.4% Net result RoE CET1 ratio €58.2m 7.4% 13.0% based on 71.3% C/I ratio and decreased yoy mainly due to +0.0 pp ytd 31 bps
Slide 5: Continued outstanding progress in strategy implementation with strong momentum in target growth segments
Continued outstanding progress in strategy implementation with strong momentum in target growth segments Strong and granular balance sheet growth since launch of updated business strategy +36% +26% +31% loan portfolio in lower- loan portfolio of private client volume segments1 smaller banks2 deposit
Slide 6: Accelerated growth in attractive and highly relevant SEE/EE region
Accelerated growth in attractive and highly relevant SEE/EE region Key macro factors Serbia Romania Moldova Ukraine +10.2% +11.1% +16.5% +21.7% Growth outlook Median real GDP growth ’26-’30 Bosnia Georgia & Herz. +5.0% 3.4% +11.4% 1.2% Bulgaria +9.4% (1) ProCredit countries Euro area Banking sector
Slide 7: Robust portfolio quality and superior risk metrics despite elevated cost of risk in Q3
Robust portfolio quality and superior risk metrics despite elevated cost of risk in Q3 Long-term, prudent risk management Revised expectation for FY 2025 loss allowance ► Careful client selection and strong client relationships ► Loss allowance in Q3 of €16.6m, related to a sub-portfolio of exposure
Slide 8: Achieving strong progress in all strategic growth areas
Achieving strong progress in all strategic growth areas Technology and innovation to remain key investment focus People and training Modern branch network State-of-the-art technology Marketing & communication Strong increase in staff, New branches mainly for Enhanced digital infra- Targeted local ma
Slide 9: B. Group results
A. Highlights and business update B. Group results C. Outlook ProCredit Group | 9M / Q3 2025 results | Frankfurt am Main, 13 November 2025 8
Slide 10: Strong portfolio growth driven by all client segments
Strong portfolio growth driven by all client segments Loan portfolio growth ► Customer loans increase by EUR 712m or 10.2% (adjusted for fx effects), as execution of growth and transformation strategy is 11.5% YoY in full momentum 7.9% YTD 7,566 Lower- Due to depreciation of local currencies, EUR-
Slide 11: Strong deposit development through digital banking channels
Strong deposit development through digital banking channels Deposit growth ► Customer deposits grow by EUR 528m or 6.4% (fx-adjusted) 10.2% YoY Strong growth of EUR 401m or 4.9% in Q3-25 alone (fx-adjusted), driven by private clients as well as seasonal 4.0% YTD inflow of MSME deposits 8,291 8,219
Slide 12: Operating income and expense overview
Operating income and expense overview Operating income ► Operating income at EUR 323.7m as of 9M-25, down by 2.1% yoy -2.1% -0.3% 330.7 323.7 NII reduced by EUR 9.8m yoy mainly due to lower interest rates on cash and cash equivalents, in particular held at central banks, with at the same time cont
Slide 13: Net interest income
Net interest income Quarterly development ► NII in Q3 at EUR 89.5m with NIM at 3.3% EUR 3.5% 3.3% 3.2% 3.2% 3.3% Increase with respect to previous quarter of EUR 3.1m; NIM grows by 6 bps Increase driven by days-effect, higher loan volume and increasingly stabilizing WAIRs; while market rates for
Slide 14: Net fee and commission income
Net fee and commission income Quarterly development ► Q3 net fee and commission income on level of EUR 24.0m, 4.5% above Q3-24 Income from payments, cards and fx transactions all contributing to the increase ► 9M net fee and commission income up EUR 3.8m or 5.6% yoy 23.0 24.3 22.6 24.5 24.0 (in EU
Slide 15: Personnel and administrative expenses
Personnel and administrative expenses Quarterly development ► Q3 personnel and administrative expenses of EUR 79.6m, 75.4% 71.1% 85.0% 4.2% above Q2 68.8% 70.8% 72.0% 75.0% 65.0% Administrative expenses slightly reduced after one-time 55.0% project expenses in Q2 45.2 38.1 45.0% 39.3 36.7 39.2 35.
Slide 16: Loss allowance
Loss allowance Quarterly development ► Q3 loss allowance at substantially increased level of EUR 16.6m -10 bps -54 bps -5 bps 6 bps 89 bps Provisioning of sub-portfolios of project finance in SEE; risk class downgrades of exposures triggered foremost by (in EUR m) construction delays and curtailme
Slide 17: Loan portfolio quality
Loan portfolio quality Loan portfolio by geography Net-write offs (annualised) Ecuador 6% Germany 0% 0,2% 0,2% -0,1% -0,1% 0,0% Moldova 3% Bulgaria 20% Georgia 6% Ukraine 8% Albania 5% Stage 2 Serbia 14% 8,2% 8,1% 8,2% 8,8% 8,6% Bosnia & Herzegovina 5% Greece 5% Kosovo 13% Romania 6% North Macedonia
Slide 18: Contribution of regional segments to group net result
Contribution of regional segments to group net result Group functions, e.g. risk management, reporting, capital management, IT, liquidity management, training and development Includes ProCredit Holding, Quipu, ProCredit Academy Fürth, PCB Germany (EUR 36m loan portfolio; EUR 232m deposits) 28.1 -32.
Slide 19: Regulatory capital, risk-weighted assets, capital ratios
Regulatory capital, risk-weighted assets, capital ratios Capitalisation overview in EUR m Dec-24 Sep-25 ► CET1 ratio at 13.0% including recognition of 9M-25 result CET1 capital 933 967 Additional Tier 1 capital 0 0 Capital ratios well above regulatory capital requirements Tier 1 capital 933 967 of
Slide 20: C. Outlook
A. Highlights and business update B. Group results C. Outlook ProCredit Group | 9M / Q3 2025 results | Frankfurt am Main, 13 November 2025 19
Slide 21: Outlook FY 2025: Firmly committed to execution of business strategy
Outlook FY 2025 Firmly committed to execution of business strategy FY 2025 outlook (updated on 28 October 2025) Around 12% ► Growth of the loan portfolio Adjusted by FX effects 7 – 8% ► Return on equity (RoE) Previous: Around 10% (based on continued low cost of risk) Around 72% ► Cost-income ratio (
Slide 22: ProCredit's medium-term ambitions
ProCredit’s medium-term ambitions Medium-term guidance Target operating model >€10bn loan portfolio (based on significant growth Leading bank for MSMEs in our region in # of clients) Return on equity ~13-14% (w/o ~1.5pp upside potential Attractive bank for private clients with superior customer expe
Slide 23: Q&A
Q&A ProCredit Academy, Fürth-Weschnitz, Germany 22
Slide 24: Appendix: A. Impact reporting
Appendix A. Impact reporting B. P&L and balance sheet C. Loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information ProCredit Group | 9M / Q3 2025 results | Frankfurt am Main, 13 November 2025 23
Slide 25: Impact at ProCredit today
Impact at ProCredit today Fostering economic growth, environmental protection and social progress Economic Environmental Social ~200k 62% ~20% Net-zero Extensive ~20% of our business of our loan jobs supported by our MSME loans for green loans for renewable energy & SBTi(2) commitment to net-zero tr
Slide 26: 2024 sustainability highlights
2024 sustainability highlights INTERNAL DECARBONIZATION BUSINESS LOAN JOBS SUPPORTED EMPLOYEES ENVIRONMENTAL CLIENTS THROUGH OUR INDICATORS 37,690 BUSINESS CLIENTS total number of 61% 10,143 business loan clients 4,689 total number of employees 197,111* electric and hybrid total number of green loan
Slide 27: Strong impact track record over the decades
Strong impact track record over the decades Network of Opening of the EV CHARGING Establishment of Published OUR RESPONSE ProCredit academies STATIONS installed ProCredit as a ON FORCED LABOUR ALLEGATIONS related to First DEI STRATEGY BANKING GROUP GREEN LOANS Joined the photovoltaic panel productio
Slide 28: Impact in ProCredit today
Impact in ProCredit today KPI: Jobs ~200k jobs supported by our MSMEs Jobs and investment KPI: Investment 62% of our business lending goes to Social capital formation impact KPI: Gender Equity Diversity and ~20% of our loan clients are inclusion women owned MSMEs Sustainability at ProCredit Green en
Slide 29: Appendix: B. P&L and balance sheet
Appendix A. Impact reporting B. P&L and balance sheet C. Loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information ProCredit Group | 9M / Q3 2025 results | Frankfurt am Main, 13 November 2025 28
Slide 30: 9M 2025 results at a glance
9M 2025 results at a glance In EUR m Q3-24 Q3-25 9M-24 9M-25 Y-o-Y Net interest income 90.0 89.5 270.6 260.8 -9.8 Net fee and commission income 23.0 24.0 67.2 71.0 3.8 Other operating income (net) -2.0 -2.8 -7.1 -8.1 -1.0 Operating income 111.0 110.6 330.7 323.7 -7.0 Income Personnel expenses 37.1 4
Slide 31: Overview of quarterly financial development
Overview of quarterly financial development In EUR m Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Net interest income 90.0 87.7 85.0 86.4 89.5 Net fee and commission income 23.0 24.3 22.6 24.5 24.0 Other operating income (net) -2.0 1.6 -1.9 -3.3 -2.8 Operating income 111.0 113.6 105.6 107.5 110.6 Income Personnel
Slide 32: Balance sheet
Balance sheet In EUR m Dec-24 Sep-25 Assets Cash and central bank balances 2,164 1,953 Loans and advances to banks 514 450 Investment securities 966 984 Loans and advances to customers 7,010 7,566 Loss allowance for loans to customers -181.8 -193.2 Derivative financial assets 7 6 Property, plant and
Slide 33: Appendix: C. Loan portfolio
Appendix A. Impact reporting B. P&L and balance sheet C. Loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information ProCredit Group | 9M / Q3 2025 results | Frankfurt am Main, 13 November 2025 32
Slide 34: Structure of the loan portfolio by segment and currency
Structure of the loan portfolio by segment and currency Loan portfolio by segment Loan portfolio by currency 13% 4% 42% 49% 53% 29% 9% Medium Small Micro Private clients EUR USD Other Currencies ProCredit Group | 9M / Q3 2025 results | Frankfurt am Main, 13 November 2025 33
Slide 35: Development of green loan portfolio
Development of green loan portfolio Green loan portfolio growth ► Green loan portfolio amounting to EUR 1.4bn, representing 16.6% 18.7% ~19% of total loan portfolio CAGR 2019-2024: 14% ► Includes financing of investments in: • Energy efficiency 1,412 • Renewable energies (in EUR m) • Other environme
Slide 36: Structure of collateral
Structure of collateral Collateral by type (FY 2024) ► Majority of collateral consists of mortgages ► Significant share of financial guarantees mainly as a result of InnovFin and other guarantee programmes 2% ► Clear, strict requirements for types of acceptable collateral, 15% legal aspects of colla
Slide 37: Appendix: D. Information on segment and bank level
Appendix A. Impact reporting B. P&L and balance sheet C. Loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information ProCredit Group | 9M / Q3 2025 results | Frankfurt am Main, 13 November 2025 36
Slide 38: Income statement by segment
Income statement by segment South Eastern 01.01.- 30.09.2025 (in EUR m) Germany Eastern Europe South America Consolidation Group Europe Interest and similar income 31.2 125.3 264.9 40.9 -21.9 440.5 of which inter-segment 15.1 3.1 3.7 0.0 0.0 0.0 Interest and similar expenses 40.8 56.8 75.4 28.7 -21.
Slide 39: Segment South Eastern Europe
Segment South Eastern Europe Segment key financials SEE Key financial data (in EUR m) 9M-24 9M-25 Operating income (€m) Cost-income ratio Net interest income 186.5 189.5 +5% +3.8pp Net fee and commission income 42.2 45.5 224.4 235.4 59.1% 55.3% Other operating income (net) -4.2 0.5 Operating income
Slide 40: Segment Eastern Europe
Segment Eastern Europe Segment key financials EE Key financial data (in EUR m) 9M-24 9M-25 Operating income (€m) Cost-income ratio Net interest income 71.9 68.6 -7% +8.6pp Net fee and commission income 12.8 11.6 85.3 59.7% 79.6 51.0% Other operating income (net) 0.6 -0.6 Operating income 85.3 79.6 P
Slide 41: Segment South America
Segment South America Segment key financials SA Key financial data (in EUR m) 9M-24 9M-25 Operating income (€m) Cost-income ratio Net interest income 13.0 12.3 -19% +5.9pp Net fee and commission income 0.5 0.8 13.6 139.7% 145.6% 11.1 Other operating income (net) 0.1 -2.0 Operating income 13.6 11.1 P
Slide 42: Key figures per ProCredit bank (as per 9M-25)
Key figures per ProCredit bank (as per 9M-25) North Bosnia & Country Bulgaria Serbia Kosovo Romania Macedonia Herzegovina Customer loan portfolio (EUR m) 1,899 1,079 1.012 617 466 393 Change in customer loan portfolio (%) 7.2% 10.1% 14.8% 11.3% 9.8% 11.4% Credit impaired loans (Stage 3) 1.1% 2.5% 1.
Slide 43: Key figures for ProCredit Bank Ukraine
Key figures for ProCredit Bank Ukraine Development since 2021, before Russian invasion in 2022 Quarterly KPI update (in EUR m) FY-21 FY-22 FY-23 FY-24 Q2-25 Q3-25 Staff information Selected financial indicators Number of staff 382 377 Loan portfolio 757 582 497 512 Change qoq % -1.8% -3.1% % of grou
Slide 44: Update on ProCredit Bank Ukraine
Update on ProCredit Bank Ukraine (Q4-24 presentation) ProCredit Holding increases capital of ProCredit Bank Ukraine by EUR 20m UPDATE UKRAINE Insured by the Federal Government of Germany and resulting in strengthened positioning for any potential upside scenario Summary and key considerations: Succe
Slide 45: Appendix: E. Capital, liquidity and other information
Appendix A. Impact reporting B. P&L and balance sheet C. Loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information ProCredit Group | 9M / Q3 2025 results | Frankfurt am Main, 13 November 2025 44
Slide 46: Funding, rating and liquidity
Funding, rating and liquidity Funding sources Liquidity coverage ratio (LCR) and NSFR 2% 3% 1% 158% 154% 148% 178% 174% 165% 8% Customer deposits Liabilities to banks 100% 100% 100% Debt securities Subordinated debt Other liabilities 86% Dec-23 Dec-24 Sep-25 Total liabilities: EUR 10.0 bn LCR Regula
Slide 47: Explanatory note on performance indicators and ratios
Explanatory note on performance indicators and ratios The ProCredit group uses an integrated system of indicators to monitor and manage The cost of risk(9) indicates the credit risk expenses relative to portfolio size in a given the implementation and further development of the group’s business an
Slide 48: Contact Investor Relations
Contact Investor Relations Financial calendar (continuously updated on IR Website) Date Location Event information 24.11. – 26.11.2025 Frankfurt/ Main Deutsches Eigenkapitalforum 2025 19.03.2026 Annual Report 2025 13.05.2026 Quarterly Report as of 31 March 2026 03.06.2026 Frankfurt/ Main Annual Gene
Slide 49: Disclaimer
Disclaimer The material in this presentation and further supporting documents have been This presentation and further supporting documents may contain forward- prepared by ProCredit Holding AG, Frankfurt am Main, Federal Republic of looking statements, including statements regarding our intent, beli
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