Addiko Bank Ag · VIE:ADKO
Addiko Bank — Q1 2026 Earnings Presentation
49 slides from Addiko Bank's earnings presentation, May 13, 2026
Slide 1: 1Q26 Results Presentation
1Q26 Results Presentation Herbert Juranek (CEO) Edgar Flaggl (CFO) Tadej Krašovec (CRO) Ganesh Krishnamoorthi (CMO & CIO) 13 May 2026 ADDIKO BANK AG
Slide 2: Executive Summary & Business Update; Financials & Risk Update; Outlook & Wrap-Up
Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials
Slide 3: Key Highlights 1Q26 (1/2)
Key Highlights 1Q26 (1/2) • 1Q26 net profit at €10.1m, below 1Q25’s €14.5m • Return on average Tangible Equity at 4.7% (1Q25: 7.1%), earnings per share €0.52 Earnings • Operating result YoY at €20.1m (1Q25: €25.3m) influenced by net negative one-offs & • NPE volume at €132m (YE25: €126m) with NPE ra
Slide 4: Key Highlights 1Q26 (2/2)
Key Highlights 1Q26 (2/2) • AGM 2026 held on 20 April 2026 with all agenda items approved • Approximately 69% of the shareholders have registered to attend the AGM (51% AGM 2026 participated) • AGM extended the term of office for Supervisory Board members Dr. Kurt Pribil (for 1 year) and Frank Schwa
Slide 5: Takeover Offers
Takeover Offers • Raiffeisen Bank International AG (“RBI”) announced on 8 April 2026 that it intends to submit a voluntary public takeover offer aimed at obtaining control of all Addiko shares at a price of EUR 23.05 per share (on a cum dividend basis) • The intended offer is subject to a minimum ac
Slide 6: Specialization Program – Clearly Defined Overarching Goals
Specialization Program – Clearly Defined Overarching Goals Overarching goals & North stars Broaden product stack & New market expand ecosystem opportunities Incremental Risk-adjusted Revenue Market Share in New Prio Segments 1 Business Expansion • Expand products (e.g. crypto & investments, digital
Slide 7: Continued Growth in Focus
Continued Growth in Focus Focus portfolio development Gross performing loans (€m) • Total book (gross performing loans) up YoY Total Book 3,506 3,535 3,668 3,707 supported by strong volume growth in YoY Consumer +7% • +7% YoY growth in focus book 3,365 3,408 • New business generation up 5% YoY SME
Slide 8: Progress in Business with Consumer & SME Customers in CSEE
Progress in Business with Consumer & SME Customers in CSEE Business Update Development YoY YoY • Solid new business growth of +13% YoY despite €m, YTD +5% 416 437 regulatory headwinds 26 47 +81% • Stable NCI (+1.3% YoY) absorbing the initial impact 155 126 -19% of free account implementation in Cr
Slide 9: Executive Summary & Business Update; Financials & Risk Update; Outlook & Wrap-Up
Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials
Slide 10: Financial Performance 1Q26 at a Glance
Financial Performance 1Q26 at a Glance Financial Performance 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 YTD, €m 80.5 81.3 7.00% 1Q25 YoY 76.9 78.1 77.0 6.00% NCI 18.2 19.1 20.5 20.7 -13% 18.0 Net Netinterest interestincome income 59.0 58.7 +0.4% 5.00% Net fee &Net commission fee & NIM 3.70% 3.69% 3.73% 3.76% 3.7
Slide 11: Capital Position Remains Strong
Capital Position Remains Strong Capital development % CET1/TCR, YTD, RWA in €m Addiko Group 3,892 4,010 RWA -0.08% 0.08% -0.66% CET1/ 22.4% 21.7% TCR YE25 2025 OCI OCI Reg. & Equity Reg.& Equity RWA RWA 1Q26 1Q26 changes adjustments developm. changes adjustments (incl. DTA) development Addiko Bank A
Slide 12: Balanced NPE Development
Balanced NPE Development NPE volume1 & ratio development Quarterly NPE formation & exit €m, YTD €m, QTD NPE ratio 2Q25 3Q25 4Q25 1Q26 (on-balance loans)2 2.8% 2.9% 2.5% 2.6% NPE ratio Formation 25.7 21.7 21.4 21.7 (GE based)3 2.0% 2.0% 1.8% 1.9% 0.5 0.4 0.5 0.3 12.7 9.3 8.3 9.3 +5% 12.6 11.9 12.5 12
Slide 13: Cost of Risk at a Glance
Cost of Risk at a Glance Expected credit loss expenses on financial assets 1Q26 YTD, €m, positive number for release • 1Q26 expected credit loss 0.1 expenses of €6.2m 0.8 Impairments (negative) resulting in -0.17% cost of (3.4) Releases (positive) risk (on net loans): (6.3) (6.2) − Consumer: -0.2% (
Slide 14: Executive Summary & Business Update; Financials & Risk Update; Outlook & Wrap-Up
Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials
Slide 15: Outlook 2026 and Wrap-Up
Outlook 2026 and Wrap-Up Income & Business Risk & Liquidity Profitability Loan Growth1 >6% CoR3 c. 1.3% RoATE5 c. 4.5% Outlook CAGR 2025-2027 2026 NIM2 >3.6% NPE Ratio4 <3% Dividend Currently as guiding principle suspended Unchanged NBI2 Flat TCR >18.82% subject to SREP Ramping up to OPEX <€205m LDR
Slide 16: Additional Materials
Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials
Slide 17: Management Team Since June 2021
Management Team Since June 2021 Herbert Juranek Edgar Flaggl Tadej Krašovec Ganesh Krishnamoorthi Chief Executive Officer Chief Financial Officer Chief Risk Officer Chief Market, IT & Digitalisation Officer Chair of the Management Board Member of the Management Board Member of the Management Board M
Slide 18: Addiko at a Glance
Addiko at a Glance Overview of Addiko Operating as one region - one bank 1Q26, % of Group Assets (rounded) ✓ Fully licensed bank with HQ in Austria, focused 100% on Central ✓ and South-Eastern Europe ✓ Addiko Bank AG is regulated by the Austrian Financial Market Austria ✓ (4%2) Authority (“FMA”)1 an
Slide 19: Current Shareholder Structure
Current Shareholder Structure S-Quad Handels- und Beteiligungs GmbH (Austria) 9.99% Gorenjska Banka (Slovenia), AIK Banka (Serbia) - AikGroup (CY) Ltd. Alta Group d.o.o. (Serbia) 9.69% 36.74% European Bank for Reconstruction and Development (EBRD) Dr. Jelitzka + Partner (Austria) 9.63% - Dr. Jelitzk
Slide 20: Addiko’s Commitment to the Sustainable Development Goals
Addiko’s Commitment to the Sustainable Development Goals ESG in Addiko - It is the little things that count Making ESG work through good Vision Carbon footprint reduction Committed to the good governance Addiko helps its employees and Mission Addiko supports social equality on Sound principles of go
Slide 21: Balance Sheet Composition
Balance Sheet Composition Assets Liabilities and Equity YTD 1Q26, €b YTD 1Q26, €b 6.5 6.5 Other Other Assets 0.2 0.3 Liabilities ✓• Liquid balance sheet 0.0 Due to Credit ✓• Strong deposit base - LCR ratio: 291% (YE25: 304%) 0.5 Institutions Direct - Loan-deposit ratio Deposits (customer): 70.0% (YE
Slide 22: Addiko Story Well Positioned for Strong Growth in Mid-Term
Addiko Story Well Positioned for Strong Growth in Mid-Term • We will turn Addiko into leading CSEE specialist bank for Consumer & SME customers Vision • We are focused and offer the best digital products to challenge universal banks • We will accelerate the bank’s transformation and generate value f
Slide 23: Acceleration of Growth in Focus Areas Consumer & SME
Acceleration of Growth in Focus Areas Consumer & SME Gross performing loans in focus segments Gross yield by segment1 Gross loans of focus segments as % of total gross performing loans 1Q26 YTD Full year 2025 yield Consumer 7,0% 7.2% % in focus 40% 51% 56% 62% 65% (stock) 2016 2017 2018 2019 2020 74
Slide 24: Consumer and SME Lending Development
Consumer and SME Lending Development Consumer (Micro shifted to SME as of 1Q21) SME €m, YTD €m, YTD 2,097 2,015 2,058 1,962 1,877 1,919 1,706 1,535 1,342 1,312 1,389 1,310 1,261 1,266 1,286 1,279 1,307 1,311 1,188 1,059 1,040 1,057 Gross Performing Loans 2019 2020 2021 2022 2023 2024 1Q25 1H25 3Q25
Slide 25: New Business on a Monthly Basis
New Business on a Monthly Basis New business during 1Q26 €m 1Q26YTD: 265 103 100 89 86 91 93 91 85 80 85 84 Consumer 73 73 76 74 0 0 0 0 0 0 0 0 0 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 1Q26YTD: 173 80 77 77 71 74 69 67 SME 61 64 63 62 49 47 52 42 0 0 0 0 0 0 0 0 0 Jan. Feb. Mar.
Slide 26: Digital Transformation
Digital Transformation Digital capabilities YTD +16% YoY Registered Mobile Banking 188 230 258 291 314 322 367 372 Users (ths.) +15% YoY 373 378 323 329 301 273 246 210 Digital Users (ths.) 2020 2021 2022 2023 2024 1Q25 2025 1Q26 ADDIKO BANK AG 13 MAY 2026 | 26
Slide 27: Financials: Financial Performance in Detail
Financials: Financial Performance in Detail Key financials P&L in €m YTD QTD •1 Operating result down 20.6% YoY to €20.1m: 1Q26 (YTD) 1Q25 (YTD) +/- PY 1Q26 (QTD) 4Q25 (QTD) +/- PQ − Net interest income up 0.4% YoY, Net interest income 59.0 58.7 0.4% 59.0 60.6 -2.7% supported by strong lending volum
Slide 28: Financials: Key Performance Drivers
Financials: Key Performance Drivers Net interest income Net fee and commission income €m €m NIM 370bp 376bp 372bp % of NII 31% 34% 31% 0.4% -0.9% 3.2% -2.7% +13.7% -12.8% 58.7 60.6 59.0 18.2 20.7 18.0 1Q25 (QTD) 4Q25 (QTD) 1Q26 (QTD) 1Q25 (QTD) 4Q25 (QTD) 1Q26 (QTD) • NII increased by 0.4% driven by
Slide 29: Financials: Interest Income Dynamics
Financials: Interest Income Dynamics Interest income by quarter1 Gross yield by quarter2 €m 1Q25 2Q25 3Q25 4Q25 1Q26 75.7 74.5 73.6 72.6 7.4% 7.3% 7.1% 7.0% 7.0% 72.0 Other Consumer 7.2% 7.3% 7.1% 6.8% 6.3% Public & 20.2 18.8 17.9 new new new new new 17.1 17.2 Large business business business busine
Slide 30: Financials: Breakdown of Other Interest Income
Financials: Breakdown of Other Interest Income Treasury interest income by quarter €m Other interest 20.2 18.8 17.9 17.1 17.1 income (total) 17.1 15.7 14.9 14.6 14.3 HTC bond 7.2 portfolio 8.3 HTC&S bond 8.0 • HTC bond portfolio: Hold-to-Collect (HTC) strategy for stable interest 8.2 8.3 portfolio i
Slide 31: Financials: Interest Expense Dynamics
Financials: Interest Expense Dynamics Interest expense by quarter Cost of funding by quarter1 €m 17.0 Treasury 1Q25 2Q25 3Q25 4Q25 1Q26 2.2 15.5 Deposits – Deposits – 0.7 1.9 Network 0.85% 0.78% 0.70% 0.62% 0.69% Credit 13.6 13.0 Institutions 0.8 12.0 1.7 Direct 4.2 2.1 Direct 0.7 Deposits 3.5 1.7 D
Slide 32: Financials: Commission Income Dynamics
Financials: Commission Income Dynamics Net fee and commission income by quarter Key highlights €m • Net fee and commission income decreased slightly YoY (–0.9%), mainly driven by lower transaction and Non-Focus card fee income, bancassurance growth partially and Other compensated the decline while a
Slide 33: Financials: Net Result on Financial Instruments & Other Operating Result
Financials: Net Result on Financial Instruments & Other Operating Result 1Q26 1Q25 Net result on financial instruments: 1Q26 impacted by €m 1 negative FX market volatility (€-0.4m) and one-time effect 1 Net result on financial instruments -0.7 0.5 from sale of bond (€-0.3m) 1Q26 1Q25 Higher deposit
Slide 34: Financials: Development of General Administrative Expenses (OPEX)
Financials: Development of General Administrative Expenses (OPEX) OPEX development by quarter Other Administrative expenses €m 1Q26 YTD, €m Other1 2.4 13% Advertising 2.9 16% 8.1 Total: 45% €18.0m IT 1.2 51.4 Legal & Advisory 7% 50.9 48.4 49.0 3.4 Depreciation 47.1 4.5 4.7 19% and 4.5 4.5 Premises E
Slide 35: Financials: Other Result
Financials: Other Result Other result breakdown (YTD) €m 1Q26 1Q25 Net result from legal cases improved YoY: reflecting a 1 Net result from legal cases -1.0 -1.6 1 more stable litigation environment and a €0.4m provision release following a favourable court decision Impairments non-financial assets
Slide 36: Financials: Balance Sheet
Financials: Balance Sheet Detailed balance sheet overview (YTD) €m 2022 2023 2024 2025 1Q26 Cash reserves 1,382.9 1,254.5 1,251.4 1,057.2 1,054.4 Investment Portfolio 1,084.4 1,208.1 1,479.1 1,485.4 1,463.4 Financial assets held for trading 22.8 29.5 14.4 9.8 15.8 Investment securities 1,061.6 1,178
Slide 37: Financials: Income Statement
Financials: Income Statement Detailed income statement overview (YTD) €m 2022 2023 2024 2025 1Q25 1Q26 Interest income 195.1 277.0 311.1 296.5 75.7 72.0 Interest expense (18.7) (49.0) (68.3) (58.1) (17.0) (13.0) Net interest income 176.4 228.0 242.9 238.4 58.7 59.0 Fee and commission income 92.3 90.
Slide 38: Financials: Breakdown by Entity
Financials: Breakdown by Entity 1Q26 YTD Addiko Bank d.d., Addiko Bank d.d., Addiko Bank d.d., Addiko Bank a.d., Addiko Bank a.d., Addiko Bank A.D., (€m, IFRS) Zagreb Ljubljana Banja Luka Sarajevo Beograd Podgorica Net interest income 19.8 14.1 6.0 5.6 9.3 3.0 Net commission income 5.7 4.5 2.4 2.2 2
Slide 39: Risk: Strong Risk Management Framework
Risk: Strong Risk Management Framework Non-performing loan portfolio (YTD) NPE Volumes, €m 194 163 138 145 147 143 140 126 132 NPE Coverage Ratio1 (Ex-Collateral) 71.9% 75.4% 80.9% 80.0% 80.9% 80.8% 82.2% 81.7% 81.9% NPE Ratio (on-balance loans)2 4.0% 3.3% 2.9% 3.0% 2.9% 2.8% 2.9% 2.6% 2.5% NPE Rati
Slide 40: Risk: Robust Asset Quality in Portfolios
Risk: Robust Asset Quality in Portfolios Focus Non-Focus Consumer SME €m, rounded €m, rounded €m, rounded 2,305 2,346 2,259 50 2,207 47 49 69 83 > 90 > 90 50 90 days days 77 61-90 61-90 days days 1,874 1,888 31-60 1,851 1,847 31-60 36 36 days 47 46 32 41 days 43 35 < 30 < 30 days days 2,174 2,197 >
Slide 41: Risk: Provision Coverage Evolution
Risk: Provision Coverage Evolution Stage 1, 2 and 3 assets1 Business segments: Stage 1 & 2 (Performing) coverage1 €m 1Q26 (YTD) ECL coverage (YTD) 4,558 4,656 By Segment 4,481 4,495 4,537 2025 3Q25 1H25 1Q25 126 132 147 143 140 322 295 Focus 1.3% 1.3% 1.4% 1.3% 1.4% 334 321 335 Consumer 1.4% 1.4% 1.
Slide 42: Risk: NPE Formation and Exit Dynamics
Risk: NPE Formation and Exit Dynamics Quarterly NPE formation & exit - group level Consumer SME Mortgages Large Corporates Public Finance €m €m €m €m €m Net -4.9 -0.3 -2.0 +2.2 +1.5 -1.1 -11.1 +4.7 -0.7 -0.6 -1.3 -0.3 -0.4 -0.5 0.0 -0.2 -0.1 -0.1 -0.1 -0.1 12.6 11.9 12.5 12.1 12.7 0.5 0.4 0.0 0.0 0.
Slide 43: Risk: NPE and Cost of Risk Development
Risk: NPE and Cost of Risk Development Focus Non-Focus3 €m Consumer SME €m €m NPE Coverage Ratio (Excl. 81.5% 81.8% 81.0% 81.3% 77.6% 79.3% 81.3% 80.8% 80.8% 81.7% 85.3% 87.1% Collateral)1 5.0% 4.5% 4.2% 4.3% 3.2% 3.4% 2.8% 2.9% 2.8% 2.8% 2.4% NPE Ratio2 2.2% 2024 1Q25 2025 1Q26 2024 1Q25 2025 1Q26
Slide 44: Risk: NPE and Cost of Risk Development by Business Segment
Risk: NPE and Cost of Risk Development by Business Segment Consumer SME Mortgages Large Corporates Public Finance €m €m €m €m €m NPE Coverage Ratio1 81.5% 81.0% 81.3% 77.6% 81.3% 80.8% 80.2% 81.8% 82.8% 84.1% 89.3% 90.9% 59.1% 50.2% 74.2% 8.2% 6.3% 6.6% 6.2% NPE Ratio2 3.2% 3.5% 3.1% 3.1% 2.8% 2.9%
Slide 45: Risk: CHF Loans Significantly Managed Down
Risk: CHF Loans Significantly Managed Down CHF portfolio overview €m CHF status across countries % of Total 2.0% 1,1% 0.9% 0.8% 5.5% 4.4% 3.4% 1.7% 1.3% 0.7% 0.6% • Several CHF initiatives rejected as unconstitutional or unlawful under European Credit Risk law; resubmitted draft law of 02/22 did not
Slide 46: Capital: Capital Requirements & Guidance Going Forward
Capital: Capital Requirements & Guidance Going Forward Capital requirements as of 1Q26 (excluding P2G) • P2R: a 25bp increase to 3.50% applies P2R for the year 2026 (for 2026) • At least 56.25% of the P2R must be met 21.7% 21.7% 21.7% with CET1 capital, and at least 75% with Tier 1 capital CBR inclu
Slide 47: Capital: Further Details
Capital: Further Details Breakdown of capital position1 Capital mechanics • No dividend deduction for 2024 and 2025, in line with 22.0% 22.4% 21.7% 21.7% regulatory considerations related to the current ownership structure • 1Q26 interim profit (€10.1m) not included in CET1 Other capital drivers • L
Slide 48: Capital: Credit Risk RWA in Focus vs. Non-Focus
Capital: Credit Risk RWA in Focus vs. Non-Focus Risk weighting for focus portfolio is in line with overall contribution to loan book Credit risk RWA Credit risk RWA: breakdown by segment1 1Q26, €m 1Q26, €m Large Corporate & Public Finance 3,369 Mortgages 81 143 620 Corporate Center Consumer Total: 9
Slide 49: Disclaimer
Disclaimer THESE RESULTS AND STATEMENTS (HEREINAFTER REFERRED TO AS “MATERIALS”) WERE CAREFULLY PREPARED BY ADDIKO BANK AG. HOWEVER, THE MATERIALS HAVE NOT BEEN INDEPENDENTLY VERIFIED. THEREFORE, ADDIKO BANK AG MAKES NO REPRESENTATION AND GIVES NO WARRANTY, NEITHER IMPLIED NOR EXPRESSED, AND ASSUMES