Slide 1: H1 / Q2 2025 results
Hubert Spechtenhauser, Chairman of the Management Board Christian Dagrosa, CFO and member of the Management Board H1 / Q2 2025 results Frankfurt am Main, August 2025
Slide 2: Highlights and business update; Group results
A. Highlights and business update B. Group results ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 1
Slide 3: H1 2025: ProCredit firmly in execution phase of strategic growth and transformation strategy
H1 2025: ProCredit firmly in execution phase of strategic growth and transformation strategy Group further advances on loan growth and balance sheet transformation: loan growth of 7.2%1 particularly driven by lower-volume client segments (>70% of total growth) Profitability on good level amid challe
Slide 4: H1 2025 at a glance
H1 2025 at a glance Customer loans Customer deposits Stage-3 ratio +4.9% -0.9% 2.1% Loan portfolio €7.4bn Customer deposits €8.2bn -0.1 pp ytd FX-adjusted: +7.2% FX-adjusted: +1.5% Net result RoE CET1 ratio €47.0m 9.0% 13.1% based on 70.9% C/I ratio and Group w/o SA: 10.0% +0.1 pp ytd 1 bps cost of
Slide 5: Outstanding progress in strategy implementation with strong momentum in target growth segments
Outstanding progress in strategy implementation with strong momentum in target growth segments Strong and granular balance sheet growth since launch of updated business strategy +30% +22% +26% loan portfolio in lower- loan portfolio of private client volume segments1 smaller banks2 deposit growth FY
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 +7.5% +6.9% +10.3% +13.0% Growth outlook Median real GDP growth ’25-’30 Bosnia Georgia & Herz. +3.4% 3.5% +7.7% 1.2% Bulgaria (1) ProCredit countries Euro area +7.1% Banking sector pen
Slide 7: Achieving strong progress on all strategic growth investments
Achieving strong progress on all strategic growth investments Increase in cost base due to these investments largely absorbed People and training Modern branch network State-of-the-art technology Marketing & communication Strong increase in staff, New branches mainly for Enhanced digital infra- Targ
Slide 8: Outlook FY 2025: Firmly in implementation phase of business strategy
Outlook FY 2025 Firmly in implementation phase of business strategy FY 2025 outlook Around 12% ► Growth of the loan portfolio Adjusted by FX effects Around 10% ► Return on equity (RoE) Based on continued low cost of risk Updated: Around 70% ► Cost-income ratio (CIR) Previous: Around FY-24 level Arou
Slide 9: 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 10: B. Group results
A. Highlights and business update B. Group results ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 9
Slide 11: Strong portfolio growth driven by all client segments
Strong portfolio growth driven by all client segments Loan portfolio growth ► Customer loans increase by EUR 504m or 7.2% (adjusted for fx 10.5% YoY effects), as execution of growth and transformation strategy is in full momentum 4.9% YTD Lower- 7,010 7,357 6,226 6,656 volume Due to depreciation o
Slide 12: Strong deposit development through digital banking channels
Strong deposit development through digital banking channels Deposit growth ► Customer deposits grow by EUR 120m or 1.5% (fx-adjusted) 8.9% YoY Taking into account depreciation of local currencies, deposits -0.9% YTD reduce by EUR 72m or 0.9% 8,291 8,219 7,254 7,549 Private clients Seasonal effec
Slide 13: Operating income and expense overview
Operating income and expense overview Operating income ► Operating income at EUR 213.1m in H1-25, down by 3% yoy -3.0% -4.5% NII reduced by EUR 9.2m yoy mainly due to lower interest 219.7 213.1 rates on cash and cash equivalents, in particular held at central banks, with at the same time continued
Slide 14: Net interest income
Net interest income Quarterly development ► NII in Q2 at EUR 86.4m with NIM at 3.2% EUR 3.6% 3.5% 3.3% 3.2% 3.2% EUR 1.4m increase with respect to previous quarter; NIM grows by 6 bps Increase driven by days-effect and higher loan volume 90.5 90.0 87.7 85.0 86.4 Reductions in ECB and local pol
Slide 15: Net fee and commission income
Net fee and commission income Quarterly development ► Q2 net fee and commission income of EUR 24.5m, 8.4% above Q1 Income from payments, cards and fx transactions all contributing to the increase 24.3 24.5 Q1 with seasonally lower transaction volume 23.2 23.0 22.6 (in EUR m) ► H1 net fee and com
Slide 16: Personnel and administrative expenses
Personnel and administrative expenses Quarterly development ► Q2 personnel and administrative expenses of EUR 76.4m, 75.4% 70.8% 85.0% 2.3% above Q1 68.8% 71.1% 66.3% 75.0% 65.0% Personnel expenses slightly decreased whilst administrative 55.0% expenses increased mainly relating to one-time recogn
Slide 17: Loss allowance
Loss allowance Quarterly development ► Q2 loss allowance of EUR 1.1m Corresponds to 6 basis points cost of risk 33 bps -10 bps -54 bps -5 bps 6 bps Recoveries from w/o loans of EUR 3.2m continue to contribute significantly to structurally low cost of risk (in EUR m) No impact from semi-annual
Slide 18: Loan portfolio quality
Loan portfolio quality Loan portfolio by geography Net-write offs (annualised) Germany 1% Ecuador 6% 0.2% 0.2% 0.2% -0.1% -0.1% Moldova 3% Bulgaria 20% Georgia 6% Ukraine 7% Stage 2 Albania 5% Serbia 14% 8.1% 8.2% 8.1% 8.2% 8.8% Bosnia & Herzegovina 5% 1 Greece 6% Kosovo 13% Romania North 6% Macedon
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 35m loan portfolio; EUR 232m deposits) 19.6 -19.
Slide 20: Regulatory capital, risk-weighted assets, capital ratios
Regulatory capital, risk-weighted assets, capital ratios Capitalisation overview in EUR m Dec-24 Jun-25 ► CET1 ratio stable at 13.1% including recognition of H1-25 CET1 capital 933 951 result Additional Tier 1 capital 0 0 Tier 1 capital 933 951 Capital ratios well above regulatory capital Tier 2 c
Slide 21: Q&A
Q&A ProCredit Academy, Fürth-Weschnitz, Germany 20
Slide 22: 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 | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 21
Slide 23: 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% jobs supported of our business green loans for SBTi(2) commitment by our MSME loans for renewable energy & to net-zero training of ou
Slide 24: 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 25: 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 26: 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 27: 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 | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 26
Slide 28: H1 2025 results at a glance
H1 2025 results at a glance In EUR m Q2-24 Q2-25 H1-24 H1-25 Y-o-Y Net interest income 90.5 86.4 180.6 171.3 -9.2 Net fee and commission income 23.2 24.5 44.3 47.0 2.7 Other operating income (net) -1.2 -3.3 -5.1 -5.3 -0.1 Operating income 112.6 107.5 219.7 213.1 -6.6 Income Personnel expenses 37.1 3
Slide 29: Overview of quarterly financial development
Overview of quarterly financial development In EUR m Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Net interest income 90.5 90.0 87.7 85.0 86.4 Net fee and commission income 23.2 23.0 24.3 22.6 24.5 Other operating income (net) -1.2 -2.0 1.6 -1.9 -3.3 Operating income 112.6 111.0 113.6 105.6 107.5 Income Personnel
Slide 30: Balance sheet
Balance sheet in EUR m Dec-24 Jun-25 Assets Cash and central bank balances 2,164 1,912 Loans and advances to banks 514 360 Investment securities 966 960 Loans and advances to customers 7,010 7,357 Loss allowance for loans to customers -182 -179 Derivative financial assets 7 6 Property, plant and equ
Slide 31: Balance sheet development
Balance sheet development YTD asset development YTD liabilities and equity development ► Simple balance sheet structure with 67% of assets net loans to customers ► Liabilities and equity structure with 77% liabilities to customers, and 18% cash and cash equivalents 9% liabilities to banks and 10% eq
Slide 32: 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 | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 31
Slide 33: 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% 41% 50% 54% 29% 9% Medium Small Micro Private clients EUR USD Other Currencies ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 32
Slide 34: 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 1,376 • Renewable energies (in EUR m) • Other environme
Slide 35: 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 provided by the European Investment Fund 2% 15% ► Clear, strict requirements for types of acce
Slide 36: 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 | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 35
Slide 37: Income statement by segment
Income statement by segment South Eastern 01.01.- 30.06.2025 (in EUR m) Germany Eastern Europe South America Consolidation Group Europe Interest and similar income 21.5 81.5 174.3 27.7 -14.9 290.1 of which inter-segment 9.9 2.4 2.5 0.0 0.0 0.0 Interest and similar expenses 27.2 36.6 49.7 20.1 -14.9
Slide 38: Segment South Eastern Europe
Segment South Eastern Europe Segment key financials SEE Key financial data (in EUR m) H1-24 H1-25 Operating income (€m) Cost-income ratio Net interest income 122.1 124.6 +6% +3.6pp Net fee and commission income 27.8 30.0 146.4 155.2 58.7% 55.1% Other operating income (net) -3.5 0.6 Operating income
Slide 39: Segment Eastern Europe
Segment Eastern Europe Segment key financials EE Key financial data (in EUR m) H1-24 H1-25 Operating income (€m) Cost-income ratio Net interest income 49.0 44.9 -10% +13.3pp Net fee and commission income 8.3 7.4 61.5% 57.8 48.2% Other operating income (net) 0.5 -0.3 52.0 Operating income 57.8 52.0 P
Slide 40: Segment South America
Segment South America Segment key financials SA Key financial data (in EUR m) H1-24 H1-25 Operating income (€m) Cost-income ratio Net interest income 9.1 7.6 -27% +27.4pp Net fee and commission income 0.2 0.6 9.4 162.3% 134.9% Other operating income (net) 0.1 -1.4 6.8 Operating income 9.4 6.8 Person
Slide 41: Key figures per ProCredit bank (as per H1-25)
Key figures per ProCredit bank (as per H1-25) North Bosnia & Country Bulgaria Serbia Kosovo Romania Macedonia Herzegovina Customer loan portfolio (EUR m) 1,865 1,053 985 603 450 380 Change in customer loan portfolio (%) 5.3% 7.4% 11.7% 8.6% 6.0% 7.7% Credit impaired loans (Stage 3) 1.0% 2.8% 1.0% 1.
Slide 42: Key figures for ProCredit Bank Ukraine
Key figures for ProCredit Bank Ukraine Development since 2021, before Russian invasion in 2022 Quarterly KPI update Q1-25 Q2-25 (in EUR m) FY-21 FY-22 FY-23 FY-24 Staff information Selected financial indicators Number of staff 396 382 Loan portfolio 757 582 497 512 Change qoq % 1.8% -1.8% % of group
Slide 43: 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 44: 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 | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 43
Slide 45: Funding, rating and liquidity
Funding, rating and liquidity Funding sources Liquidity coverage ratio (LCR) and NSFR 2% 3% 1% 158% 154% 146% 178% 174% 162% 9% Customer deposits Liabilities to banks 100% 100% 100% Debt securities Subordinated debt 85% Other liabilities Dec-23 Dec-24 Jun-25 Total liabilities: EUR 9.7 bn LCR Regulat
Slide 46: 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 47: Contact Investor Relations
Contact Investor Relations Financial calendar (continuously updated on IR Website) Date Location Event information 27.08.2025 Hamburg Hamburger Investorentage 13.11.2025 Quarterly Report as of 30 September 2025 24.11. – 25.11.2025 Frankfurt/ Main Deutsches Eigenkapitalforum 2025 Investor Relations M
Slide 48: 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