Granit Bank Nyilvanosan Mukodo Reszvenytarsasag · BET:GRNT
Granit Bank Nyilvanosan Mukodo Reszvenytarsasag — GRÁNIT Bank Nyrt. — Shareholder Meeting (April 2025)
32 slides from Granit Bank Nyilvanosan Mukodo Reszvenytarsasag's shareholder meeting presentation, Apr 30, 2025
Slide 1: Presentation on GRÁNIT Bank Nyrt.
Presentation on GRÁNIT Bank Nyrt. Summary of Gránit Bank's business activities for 2024 (standalone and consolidated) Éva Hegedüs Chairman and CEO Budapest, 30.04.2025. 1
Slide 2: Gránit Bank is Hungary's fastest growing bank
Gránit Bank is Hungary's fastest growing bank: Gránit Bank Group's return on equity* exceeds the average profitability of the bank sector 1 Gránit Bank has grown its balance sheet total faster than the sector average over the past 15 years, growing 3.5 times faster in 2024. 2 Gránit Bank has achieve
Slide 3: Balance sheet total grown 229x over 15 years
1. Gránit Bank has grown its balance sheet total 229x over the past 15 years, faster than the sector average, and has achieved 3.5x faster growth in 2024 than the sector 1 598 25,4% 1 274 44,9% 3,5x 1 019 687 574 7,2% 354 398 307 228 142 152 5,7% 33 51 73 7 13 2010.05.07 2010 2011 2012 2013 2014 201
Slide 4: Equity growth above the sector average
2. Gránit Bank has achieved equity growth above the sector average over the past 15 years growing nearly 70x, and has achieved 4.5x faster growth in 2024 than the sector 140,7 83,5% 33,5% 76,9 4,5x 56,3 23,6 26,6 18,7% 10,5 13,7 13,3 14,6 2,1 2,1 2,2 2,5 4,8 5,1 5,2 7,4% 2010.05.07 2010 2011 2012 20
Slide 5: Deposit growth much higher than the bank sector
3. Gránit Bank has achieved much higher rate of deposit growth than the bank sector, 225x growth over the past 15 years and 4.3x growth in 2024 1 168,6 30,4% 896,1 41,0% 687,7 4,3x 418,4 357,2 302,9 307,5 246,7 176,8 7,0% 93,0 114,1 7,7% 5,2 28,9 47,0 55,4 2010.05.07 2010 2011 2012 2013 2014 2015 20
Slide 6: Loan growth much higher than the bank sector
4. Gránit Bank has achieved much higher rate of loan growth than the bank sector 1,431x growth over the past 15 years and 4.6x growth in 2024 715,6 34,9% 530,5 60,9% 4,6x 364,5 264,5 209,3 176,2 144,4 92,4 101,1 3,6% 7,5% 0,5 5,9 17,6 34,0 41,8 43,7 2010.05.07 2010 2011 2012 2013 2014 2015 2016 2017
Slide 7: Better cost-income ratio than the bank sector since 2020
5. Gránit Bank has a better cost-income ratio than the bank sector since 2020 93,7% 88,1% 83,0% 85,3% 69,5% 66,7% 61,9% 63,3% 63,6% 63,5% 61,6% 63,5% 59,2% 56,0% 50,4% 36,1% 38,9% 37,9% 39,6% 31,2% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Gránit Bank Bank sector 7
Slide 8: More cost-efficient than the bank sector since 2012
6. Gránit Bank has been more cost-efficient* than the bank sector since 2012 2,4% 2,4% 2,2% 2,2% 2,1% 2,2% 2,1% 2,0% 2,0% 2,0% 2,0% 2,0% 1,8% 1,8% 1,7% 1,7% 1,6% 1,2% 1,1% 0,9% 1,0% 1,0% 0,9% 0,8% 0,9% 0,9% 0,9% 0,8% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Gránit Bank B
Slide 9: High-quality portfolio in each of the last 15 years
7. Gránit Bank had a high-quality portfolio in each of the last 15 years 15,0% 10,7% 7,0% 5,0% 3,8% 3,6% 3,3% 3,5% 2,9% 2,4% 0,01% 0,16% 0,00% 0,26% 0,03% 0,03% 0,03% 0,03% 0,02% 0,2% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Granite Bank Gránit Bank Credit institution system Bank sector 9
Slide 10: At the forefront of digital innovation
8. Gránit Bank has been at the forefront of digital innovation for the past 15 years and has kept this lead in 2024 eBank developments C Identified video out Within App Tighter transaction approval Cross- Renewal of the Group direct debits, Home insurance call from the app Evaluation for new app ins
Slide 11: Largest IPO in the last 25 years in Hungary
9. Gránit Bank had the largest IPO in the last 25 years in Hungary in December 2024 Amount of Market value 35,2% Institutional Stock market capital increase HUF 6,23 Investor of equity Pre-money capitalisation HUF 17,7 billion Issue price billion 2,11 64,8% Retail HUF 14 500 P/BV Total valid HUF 11,
Slide 12: First Hungarian bank to expand internationally through cross-border services
10. Gránit Bank was the first Hungarian bank to expand to an international market through cross-border services 12
Slide 13: Carbon neutral since 2020
11. Gránit Bank has been carbon neutral since 2020, for 5 years now ZERO emission 13
Slide 14: Group return on equity exceeds domestic banks
12. Gránit Bank Group's return on equity exceeds the profitability of domestic banks on consolidated level ROAE (2024) 23,0% 19,7% Gránit Bank Banking sector 14
Slide 15: Group balance sheet total HUF 1,673 billion at end of 2024
Gránit Bank Group's balance sheet total was HUF 1 673 billion at the end of 2024, up by 27.4% compared to previous year Consolidated balance sheet total 2010-2024 Konszolidált mérlegfőösszeg 2010-2024 1 673 1 313 Change in client exposure Change in customer deposits 1 063 2024/2023 2024/2023 45%* 45
Slide 16: Group profit before tax HUF 23.4 billion in 2024
Gránit Bank Group achieved a profit before tax of HUF 23.4 billion and a profit after tax of HUF 21.2 billion in 2024, which is higher than both the business plan and the strategic goals ROAE Equity capital Profit before tax +16,6% 81,6% +32,5% 37,9% 148,1 23,0% +19,1% 19,7% HUF 23,4 HUF 81,5 billio
Slide 17: Bank balance sheet total at end of 2024
Gránit Bank's balance sheet total at the end of 2024 was HUF 1 598 billion, up by 25.4% compared to previous year, and compared to the 7.2% increase of the banking sector In 2024, the Bank continued its bank-building process in line with the long-term strategy adopted by the General Meeting. As
Slide 18: One in four retail accounts opened with Gránit Bank in 2024
One in four retail accounts were opened with Gránit Bank in 2024 212 609 95,4% 131 988 91 693 73 193 62 159 48 972 41 409 29 077 34 591 GB 22 405 12 320 15 283 25% 18 29 1 141 4 814 All residential accounts 100% 18
Slide 19: Nearly 6% of all corporate accounts opened in 2024
Gránit Bank opened nearly 6% of all corporate accounts in Hungary in 2024 13 924 13 160 12 344 10 965 10 078 9 299 39,3% 8 528 7 652 6 595 5 850 3 664 2 619 207 595 665 135 2010_05 2 010 2 011 2 012 2 013 2 014 2 015 2 016 2 017 2 018 2 019 2 020 2 021 2 022 2 023 2 024 19
Slide 20: Profit after tax of HUF 16.9 billion in 2024
Gránit Bank achieved a profit after tax of HUF 16.9 billion in 2024, outperforming the business plan by 21.2% Profit before tax Operating costs / revenue (2024) Operating costs/ balance sheet total +21,9% +12,1% (2024) 18,0 HUF 16,1 1,8% 14,8 billion HUF 37,9% 39,6% HUF billion 0,89% billion Strateg
Slide 21: Significant activity in corporate and retail business
Gránit Bank had significant business activity in both the corporate and retail business Corporate loan volume (b HUF, CAGR%) Corporate deposit volume (b HUF, CAGR%) +33,4% +32,2% Corporate loans grew by 33.4% and retail loans (households) by 22.3% on average over the past 5 years. Corporate depo
Slide 22: Growth in all business segments above the sector
Gránit Bank achieved growth in all business segments, multiple times higher than the bank sector Change between 31 December 2024 and 31 December 2023. Balance sheet total Credit Deposit Account 12,8% 25,0% 5,8% 25,4% Corporate 3,0x 4,1x sector 1,8x 4,3% 6,1% 3,2% 3,5x Bank sector Gránit Bank Bank se
Slide 23: Market share continues to grow
Gránit Bank's market share continues to grow Credit and bond Deposit Bank account Corporate segment 4,4% 2,1% 3,7% 2,0% 1,25% 1,9% 2,7% 1,21% 1,6% 1,17% 1,6% 1,07% 2021 2022 2023 2024 2021 2022 2023 2024 2021 2022 2023 2024 Retail segment (households) 1,3% 2,0% 0,50% 1,0% 1,3% 0,45% 0,9% 2024 0,9% 0
Slide 24: Most products are end-to-end digital
Most of the products sold by Gránit Bank are end-to-end digital Proportion of retail Digital account opening Outgoing instant transfers Digital initiation of Currency goverment bond eBank users rate for retail clients based on number of exchange transactions transactions 0,1% Bank branch 16,7% Netba
Slide 25: One mobile app for daily finances and investment services
One mobile app for daily finances and investment services daily banking and all savings and investment functions are available in a single mobile app, unique among domestic operators savings and investments are quickly, easily and simply available on the app Gránit Fund Management investment f
Slide 26: Recognized with 9 prestigious awards in 2024
Gránit Group was recognized with 9 prestigious awards in 2024 Cybersecurity Marketing Premium Financial Fintech CSR initiative education communication banking offer solution of the collaboration 1 2 3 of the year campaign of campaign of C of the year year for young of the year the year the year peop
Slide 27: Own funds increased by more than 83% in 2024
Gránit Bank Group's own funds increased by more than 83% in 2024, Gránit Group has a capital adequacy of 23% 124,6 +83,2% billion HUF HUF 10,4 billion (first half of Own funds 68,0 2024) profit reinvested after billion HUF the interim audit. HUF 30 billion capital increase 2023 2024* by the MRP
Slide 28: High and stable liquidity, diversified deposit base
Gránit Bank Group has high and stable liquidity, lending is financed by a diversified deposit base The rate of diversified deposits and stable funding sources to assets to be funded** The Bank finances lending from diversified deposit base. The coverage rate has been increasing over the last fiv
Slide 29: Committed to value creation and sustainability
Gránit Bank is committed to value creation and sustainability Carbon neutrality Value creation Social responsibility • Gránit Bank is committed to reducing its • Gránit Bank's value creation extends not only to carbon footprint. The bank's environmental sustainability but also to EcoCalculator featu
Slide 30: Continued growth above the sector average in 2025
Gránit Group will continue to grow above the sector average in 2025, in line with the approved strategy Balance sheet Loans and corporate bonds Deposits 5 928 5 162 16,3% 3290 18,7% 20,1% 1 313 928 528 46,7% 66,3% 46,4% Billion HUF Billion HUF Billion HUF 7,2 0,5 5,2 31-05-2010 2023 2033 31-05-2010
Slide 31: Disclaimer
Disclaimer This presentation has been prepared by GRÁNIT Bank Plc ("GRÁNIT Bank"). This presentation and the information contained herein is strictly confidential and has been provided for the general information of the recipient for the sole purpose stated, may not be distributed to the press or an
Slide 32: Thank you for your kind attention!
Thank you for your kind attention! 32