Procredit Holding Ag · XETR:PCZ
Procredit — Q1 2026 Earnings Presentation
45 slides from Procredit's earnings presentation, May 13, 2026
Slide 1: Q1 2026 Results presentation
Q1 2026 Results presentation, Frankfurt am Main, May 2026 Eriola Bibolli, Chair of the Management Board Christian Dagrosa, CFO and member of the Management Board
Slide 2: Highlights and business update; Group results
A. Highlights and business update B. Group results ProCredit Group | Q1 2026 results | Frankfurt am Main, 13 May 2026 1
Slide 3: Q1 2026: Solid start to the year with accelerated growth
Q1 2026: Solid start to the year with accelerated growth and disciplined strategy execution Loans increase by 2.6% – more than 80% of growth driven by higher-yielding client segments Operating income grows by 5% year-on-year as balance sheet transformation progresses Strong acceleration in client nu
Slide 4: Q1 2026 at a glance
Q1 2026 at a glance Customer loans Customer deposits Stage-3 ratio +2.6% ~0.0% 3.0% Loan portfolio €8.0bn Customer deposits €9.1bn -0.1 pp ytd Net result RoE CET1 ratio €21.7m 8.0% 12.9% at 71.2% C/I ratio based on 14 bps -0.2 pp ytd cost of risk Note: Reclassification according to IFRS 5 related to
Slide 5: Business expansion across ProCredit banks in SEE/EE
Business expansion across ProCredit banks in SEE/EE ProCredit growth engine Serbia Romania Moldova Ukraine -1.0% +2.6% -1.7% +5.3% Home region SEE and EE with strong growth outlook Bosnia Georgia & Herz. +3.7% +3.9% Regional franchise with 11 countries of operation Bulgaria +3.6% Trusted, long-term
Slide 6: Positive growth outlook for highly relevant SEE/EE region
Positive growth outlook for highly relevant SEE/EE region GDP outlook for SEE/EE well above Euro area Macroeconomic environment / key current themes 2026 2027 2028-31 p.a. • Growth outlook and resilience of SEE/EE region supported by IMF update GDP growth • GDP growth outlook of around 3% p.a. in SE
Slide 7: Transformation into a ~13-14% RoE banking group plus upside
Transformation into a ~13-14% RoE banking group plus upside Ambition until FY 2029 Current progress update Operational KPIs (FY 2025 to FY 2029) Development of active clients # active clients ~330k ~800k +4% client growth Active client base increases by ~12k or Micro and 344 4% in Q1, particularly
Slide 8: Outlook FY 2026
Outlook FY 2026 Summary FY 2026 expectations shaped by income growth. Continued focus on balance sheet transformation, accelerated loan growth in higher-yielding segments (Small, Micro and Retail) and improved deposit structure (current and savings balances). The Group remains strategically focused
Slide 9: ProCredit's medium-term ambitions until FY 2029
ProCredit’s medium-term ambitions until FY 2029 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 Become a convenient, trustful, mobile-first retai
Slide 10: Highlights and business update; Group results
A. Highlights and business update B. Group results ProCredit Group | Q1 2026 results | Frankfurt am Main, 13 May 2026 9
Slide 11: Dynamic loan growth increasingly driven by higher-yielding segments
Dynamic loan growth increasingly driven by higher-yielding segments Loan portfolio growth ► Good loan growth across all segments 10.7% YoY Increasing client numbers driving strong loan dynamics in 2.6% QoQ micro (+10.5%) and retail (+5.4%) 7,752 7,951 Higher- 7,010 7,184 yielding segments More t
Slide 12: Customer deposits resilient amid seasonal business account outflows
Customer deposits resilient amid seasonal business account outflows Deposit growth ► Customer deposits remain stable, despite seasonal early-year outflows from SME accounts 10.9% YoY 0.0% QoQ Strong growth in deposits from micro enterprises (+11.2%) 9,136 9,134 offsetting other outflows and adding
Slide 13: Operating income growth catching up
Operating income growth catching up Operating income ► Operating income shows good increase thanks to volume- -1.1% driven NII growth 4.7% 444.3 439.3 110.5 NII gains of 8.6% on the back of broader margin stability; net 105.6 fee reduction in line with expectation (in EUR m) (in EUR m) Margins l
Slide 14: Rate stability and strong volume effects driving net interest income growth
Rate stability and strong volume effects driving net interest income growth Quarterly development ► Year-on-year net interest income (NII) increase of 8.6% driven by good volume growth and stable net margin 3.2% 3.2% 3.3% 3.3% 3.2% Good NII growth dynamics across almost all markets 8% increase i
Slide 15: Net fee and commission income affected by euro introduction in Bulgaria
Net fee and commission income affected by euro introduction in Bulgaria and capital efficiency measures Quarterly development ► Year-on-year reduction of EUR 1.0m, as expected, as result of euro introduction in Bulgaria and increased SEPA availability Euro introduction in Bulgaria leads to anticip
Slide 16: Moderate increase in personnel and administrative expenses
Moderate increase in personnel and administrative expenses Quarterly development ► Cost base grows by 5.3% year-on-year 79.3% 85.0% 70.8% 71.1% 72.0% 71.2% Wages, IT costs and software amortization main drivers 75.0% 65.0% 55.0% Cost reduction vis-à-vis Q4-25 driven by one-off and 48.9 38.1 37.8
Slide 17: Loss allowance moderate amid global turbulences
Loss allowance moderate amid global turbulences Quarterly development ► Moderate cost of risk in line with expectations on the back of broadly stable and solid portfolio quality indicators -5 bps 6 bps 89 bps -30 bps 14 bps Approx. half of loss allowance booked on the level of ProCredit Bank Ukrai
Slide 18: Stable loan portfolio quality
Stable loan portfolio quality Loan portfolio by geography Net-write offs (annualised) Ecuador 6% Germany 0% -0.1% -0.1% 0.0% 0.0% 0.0% Moldova 3% Bulgaria 20% Georgia 6% Ukraine 8% Stage 2 Albania 5% Serbia 14% 8.2% 8.8% 8.6% 6.5% 7.4% Bosnia & Herzegovina 5% Greece 5% Kosovo 14% Romania 6% North Ma
Slide 19: 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 242m deposits) 0.7 7.4 -
Slide 20: Regulatory capital, risk-weighted assets, capital ratios
Regulatory capital, risk-weighted assets, capital ratios Capitalisation overview in EUR m Dec-25 Mar-26 ► CET1 ratio at 12.9%, TCR at 16.2% CET1 capital 956 960 Includes recognition of Q4-25 result Additional Tier 1 capital 0 0 Tier 1 capital 956 960 Regulatory capital requirements of 10.3% CET1
Slide 21: Q&A
Q&A ProCredit Academy, Fürth-Weschnitz, Germany 20
Slide 22: Appendix A
Appendix A. Additional outlook information and exemplary notes B. Impact reporting C. P&L, balance sheet, loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information ProCredit Group | Q1 2026 results | Frankfurt am Main, 13 May 2026 21
Slide 23: FY 2026 extraordinary developments
FY 2026 extraordinary developments Long-term strategic benefits Negative P&L effects expected for FY 2026 Intended Transaction effects (purchase price vs. IFRS book value and High single- to low divestiture of Become a regionally focused, ‘pure play’ banking group with currently expected translati
Slide 24: Assumptions and risk factors
Assumptions and risk factors The group considers amongst others the following risk factors to its short- and medium-term guidance: In our forecasts we do not take into account any upside potential, e.g. through reconstruction of the country co-financed by the Western community. The current assumpt
Slide 25: 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 group also considers the following additional indicators: the implementation and further development of the group’s business and risk strategy: The ratio of c
Slide 26: Appendix B
Appendix A. Additional outlook information and exemplary notes B. Impact reporting C. P&L, balance sheet, loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information ProCredit Group | Q1 2026 results | Frankfurt am Main, 13 May 2026 25
Slide 27: Impact at ProCredit today
Impact at ProCredit today Fostering economic growth, environmental protection and social progress Climate action Inclusive finance Advisory of clients We drive climate action by actively supporting We foster diversity and inclusion by expanding We position ourselves as the Hausbank for clients
Slide 28: Appendix C
Appendix A. Additional outlook information and exemplary notes B. Impact reporting C. P&L, balance sheet, loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information ProCredit Group | Q1 2026 results | Frankfurt am Main, 13 May 2026 27
Slide 29: Q1 2026 results at a glance
Q1 2026 results at a glance In EUR m Q1-25 Q1-26 Y-o-Y Net interest income 85.0 92.3 7.3 Net fee and commission income 22.6 21.6 -1.0 Net other operating income -1.9 -3.3 -1.4 Operating income 105.6 110.5 5.0 Income Personnel expenses 38.1 40.9 2.9 statement Administrative expenses 36.7 37.8 1.1 Los
Slide 30: Overview of quarterly financial development
Overview of quarterly financial development In EUR m Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Net interest income 85.0 86.4 89.5 92.2 92.3 Net fee and commission income 22.6 24.5 24.0 25.6 21.6 Net other operating income -1.9 -3.3 -2.8 -2.2 -3.3 Operating income 105.6 107.5 110.6 115.6 110.5 Income Personnel e
Slide 31: Balance sheet
Balance sheet in EUR m Dec-25 Mar-26 Assets Cash and central bank balances 2,166 1,950 Loans and advances to banks 507 514 Investment securities 1,048 1,047 Loans and advances to customers 7,752 7,951 Loss allowance for loans to customers -188.2 -190.8 Derivative financial assets 7 8 Property, plant
Slide 32: 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 14% 28% 5% 51% 62% 30% 10% EUR USD Other Currencies Medium Small Micro Retail clients ProCredit Group | Q1 2026 results | Frankfurt am Main, 13 May 2026 31
Slide 33: Green loan portfolio
Green loan portfolio Structure of green loan portfolio ► Green loan portfolio amounting to EUR 1.4bn, representing ~18% of total loan portfolio ► Includes financing of investments in: • Energy efficiency 21% • Renewable energies • Other environmentally-friendly activities 45% ► Investment opportunit
Slide 34: Structure of collateral
Structure of collateral Collateral by type (FY 2025) ► Majority of collateral consists of mortgages ► Significant share of financial guarantees as a result of several 1% guarantee programmes ► Clear, strict requirements for types of acceptable collateral, 14% legal aspects of collateral and insuranc
Slide 35: Appendix D
Appendix A. Additional outlook information and exemplary notes B. Impact reporting C. P&L, balance sheet, loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information ProCredit Group | Q1 2026 results | Frankfurt am Main, 13 May 2026 34
Slide 36: Income statement by segment
Income statement by segment South Eastern 01.01.- 31.03.2026 (in EUR m) Germany Eastern Europe South America Consolidation Group Europe Interest income 8.7 46.2 93.2 12.8 -6.0 154.8 of which inter-segment 4.3 0.5 1.2 0.0 0.0 0.0 Interest expenses 12.3 22.5 26.7 7.0 -6.0 62.6 of which inter-segment 2
Slide 37: Segment South Eastern Europe
Segment South Eastern Europe Segment key financials SEE Key financial data (in EUR m) Q1-25 Q1-26 Operating income (€m) Cost-income ratio Net interest income 61.1 66.5 +7% +1.0pp Net fee and commission income 14.3 13.5 76.2 81.2 59.4% 60.4% Net other operating income 0.8 1.2 Operating income 76.2 81
Slide 38: Segment Eastern Europe
Segment Eastern Europe Segment key financials EE Key financial data (in EUR m) Q1-25 Q1-26 Operating income (€m) Cost-income ratio Net interest income 22.6 23.7 +4% -4.3pp Net fee and commission income 3.7 3.6 63.1% 26.9 58.8% 26.0 Net other operating income -0.2 -0.3 Operating income 26.0 26.9 Pers
Slide 39: Segment South America
Segment South America Segment key financials SA Key financial data (in EUR m) Q1-25 Q1-26 Operating income (€m) Cost-income ratio Net interest income 3.8 5.7 +61% -57.5pp Net fee and commission income 0.4 0.3 5.6 152.6% Net other operating income -0.7 -0.5 3.5 95.1% Operating income 3.5 5.6 Personne
Slide 40: Key figures per ProCredit bank (as per Q1-26)
Key figures per ProCredit bank (as per Q1-26) North Bosnia & Country Bulgaria Serbia Kosovo Romania Macedonia Herzegovina Customer loan portfolio (EUR m) 1,975 1,095 1.083 646 486 425 Change in customer loan portfolio (%) 2.9% -1.0% 4.1% 1.6% 2.6% 3.9% Credit impaired loans (Stage 3) 5.0% 2.3% 1.0%
Slide 41: 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 FY-25 Q4-25 Q1-26 Staff information Selected financial indicators Number of staff 389 408 Loan portfolio 757 582 497 512 608 Change qoq % 3.2% 4.9% %
Slide 42: Appendix E
Appendix A. Additional outlook information and exemplary notes B. Impact reporting C. P&L, balance sheet, loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information ProCredit Group | Q1 2026 results | Frankfurt am Main, 13 May 2026 41
Slide 43: Funding, rating and liquidity
Funding, rating and liquidity Funding sources Liquidity coverage ratio (LCR) and NSFR 2% 3% 1% 154% 150% 146% 174% 7% 157% 154% Customer deposits Liabilities to banks 100% 100% 100% Debt securities Subordinated debt Other liabilities 87% Dec-24 Dec-25 Mar-26 LCR Regulatory minimum NSFR ratio Total l
Slide 44: Contact Investor Relations
Contact Investor Relations Financial calendar (continuously updated on IR Website) Date Location Event information 03.06.2026 Frankfurt/ Main Annual General Meeting 11.06. – 12.06.2026 Porto Berenberg Pan-European Discovery Conference 13.08.2026 Interim Report as of 30 June 2026 26.08.2026 Hamburg H
Slide 45: 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