Erste Group Bank Ag · VIE:EBS
Erste Group Bank — FY2024 Earnings Presentation
23 slides from Erste Group Bank's earnings presentation, Feb 28, 2025
Slide 1: Annual Results 2024
PRESS CONFERENCE, 28 FEBRUARY 2025 Annual Results 2024 Peter Bosek, Chief Executive Officer Stefan Dörfler, Chief Financial Officer Alexandra Habeler-Drabek, Chief Risk Officer
Slide 2: A rapidly changing world
A rapidly changing world 2
Slide 3: CEE: 20 years of strong growth
CEE: 20 years of strong growth Development in GDP per capita (2004-2024) higher CEE8 Ø +86% lower Eurozone Ø +17% USA +29% Sources: Erste Group Research, European Commission 3
Slide 4: GDP forecast for 2025: Europe continues to grow in CEE
GDP forecast for 2025: Europe continues to grow in CEE CEE8 Ø +3.3% +0.3% +2.6% +2.0% Eurozone Ø +1.0% +2.0% +0.6% USA +2.0% +2.0% +2.2% +2.0% +2.9% +0.7% +3.8% Sources: Erste Group Research, IMF 4
Slide 5: CEE is the growth engine for Erste Group
CEE is the growth engine for Erste Group Contribution to overall net profit Austria * CEE 2024 34% 66% 2023 43% 57% * The geographical segment Austria comprises Erste Bank Oesterreich, the Savings Banks, the Corporates and Group Markets business of the Holding, as well as Erste Group Immorent, Erste
Slide 6: Well-positioned in Europe's growth markets
Well-positioned in Europe’s Loan volume growth 2024 growth markets Market share of customers loans +4.9% 23.7% 23.3% 22,4%* 8.6% 14.0% 18.9% 6.9% Eurozone banks Ø +0.6% On a gross basis per Dec 2024; *Austria: Total Loans market share per Sep 2024 6
Slide 7: Digital pioneer thanks to George
Digital pioneer thanks to George 11 USERS IN MN. 9.7 8.8 million 7.8 6.0 George 4.0 5.3 users 1.7 2017 2018 2019 2020 2021 2022 2023 2024 YTD 7
Slide 8: Democratizing customer advice through AI
Democratizing Promoting better End-to-end customer advice usage of capital digitalisation through AI markets Title of presentation (Change via "INSERT > Header & Footer") 8 Place, date (Change via "INSERT > Header & Footer")
Slide 9: Democratizing customer advice through AI
Democratizing customer advice Kapitalmarkt- Aktivität fördern End to End Digitalisierung through AI Title of presentation (Change via "INSERT > Header & Footer") 9 Place, date (Change via "INSERT > Header & Footer")
Slide 10: Promoting better usage of capital markets
Promoting Demokratisierung der Beratung durch KI better usage of End to End Digitalisierung capital markets Title of presentation (Change via "INSERT > Header & Footer") 10 Place, date (Change via "INSERT > Header & Footer")
Slide 11: End-to-end digitalisation
Demokratisierung der Kapitalmarkt- Beratung durch KI Aktivität fördern End-to-end digitalisation Title of presentation (Change via "INSERT > Header & Footer") 11 Place, date (Change via "INSERT > Header & Footer")
Slide 12: Democratizing customer advice through AI
Democratizing Promoting better End-to-end customer advice usage of capital digitalisation through AI markets 12
Slide 13: Operating income nearly 6% higher
Operating income nearly 6% higher IN EUR MN. Net interest income +5.9 % Net fee and commission income 11,178 10,552 – Net interest income grew Net trading result and gains/losses from Financial instruments at FVPL by 4.2%, with strongest Other operating income gains in CEE markets 7,528 7,228 – Net
Slide 14: Operating expenses in line with guidance
Operating expenses in line with guidance IN EUR MN. Personnel expenses +5.2 % Other administrative expenses 5,279 Depreciation and amortisation 5,020 – Increase of 5.2% YoY driven 3,202 2,991 by higher investments in IT, personnel 1,468 1,529 560 547 2023 2024 14
Slide 15: Risk costs fully in line with expectations
Risk costs fully in line with expectations Risk costs Crisis-induced performing risk provisions In basis points of gross customer loans In EUR mn Macro Covid Ukraine / geopolitical situation 78 928 773 734 740 469 18 15 9 6 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 15
Slide 16: NPL-ratio rises slightly to 2,6 %
NPL-ratio rises slightly to 2,6 % Dynamic varies across geographical segments IN % Dec 2023 Dec 2024 Erste Group in total Geographical segments 2.6 2.3 3.0 3.1 2.9 2.9 2.6 2.6 2.7 2.6 2.3 1.8 1.8 1.9 1.9 1.9 Dec 2023 Dec 2024 AT * CZ SK RO HU HR RS * The geographical segment Austria comprises Erste
Slide 17: Net result rises on improved operating income
Net result rises on improved operating income IN EUR MN +4.3% -259 627 -269 104 3,125 -178 104 2,998 2023 Operating Operating Risk costs Other Taxes on Minorities 2024 income expenses result income 17
Slide 18: Healthy growth in deposits and loans
Healthy growth in deposits and loans Deposits Loans Loan-to-deposit ratio in EUR bn. Net loans & advances to customers in % in EUR bn. +3.8 % 89.3 90.2 241.7 +4.9 % 232.8 218.1 207.8 Dec 23 Dec 24 Dec 23 Dec 24 Dec 23 Dec 24 18
Slide 19: Loan growth in almost all markets
Loan growth in almost all markets Growth rates in 2024 – Loan growth particularly strong +6.0% in Romania, Czechia, and Croatia +3.1% – Growth dynamic more +4.4% * pronounced in Retail (+5.7%) -3.2% than in Corporates business +13.6% (+4.7%) +5.6% – Clear rise in loan demand in +4.2% fourth quarter,
Slide 20: Strong capitalization
Strong capitalization Dividend proposal and potential share buyback program already incorporated CET1 RATIO, IN % (FINAL) 15.7 15.1 8.3 Dec 09 Dec 23 Dec 24 20
Slide 21: All 2024 targets achieved
All 2024 targets achieved Title of presentation (Change via "INSERT > Header & Footer") 21 Place, date (Change via "INSERT > Header & Footer")
Slide 22: Making the most of the region's potential
Making the most of the region‘s potential Title of presentation (Change via "INSERT > Header & Footer") 22 Place, date (Change via "INSERT > Header & Footer")
Slide 23: Erste Group
ERSTES Group