Addiko Bank Ag · VIE:ADKO
Addiko Bank — H1 2026 Earnings Presentation
52 slides from Addiko Bank's earnings presentation, Aug 13, 2026
Slide 1: 1H26 Results Presentation
1H26 Results Presentation Herbert Juranek (CEO) Edgar Flaggl (CFO) Tadej Krašovec (CRO) Ganesh Krishnamoorthi (CMO & CIO) 13 August 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 1H26
Key Highlights 1H26 • 1H26 result after tax at €-23.0m (1H25: €24.0m) with adjusted result after tax at €19.1m • Reported result materially affected by exceptional items: €41.0m CHF-related legal provisions for cases induced by two Supreme Court decisions and €8.4m takeover-related advisory costs Ea
Slide 4: Takeover Offers
Takeover Offers • Competing voluntary public takeover offers by Raiffeisen Bank International AG (“RBI”) and Nova Ljubljanska banka d.d. (“NLB”) launched for Addiko Bank AG in Q2 2026 • Acceptance period for both offers ended on 29 July 2026, with RBI successfully reaching an acceptance level of 55.
Slide 5: Voluntary Public Takeover Offer by Raiffeisen Bank International AG (RBI) – Timeline & Next Steps
Voluntary Public Takeover Offer by Raiffeisen Bank International AG (RBI) – Timeline & Next Steps 2026 2027 ’28 Publication Long Stop Date End of of VTO results (14 May 2027) (3 August 2026) 1Q26 1H26 3Q26 YE26 1H27 YE27 End of Acceptance End of RBI VTO Extended/Additional Period launched Acceptance
Slide 6: Portfolio Development
Portfolio Development Focus portfolio development Gross performing loans (€m) • Total book (gross performing loans) up 3% Total Book 3,506 3,579 3,668 3,761 since YE25 (up 5% YoY) YoY • +7% YoY growth in focus book (+4% YoY +7% excluding medium SME) 3,365 3,465 • New business generation up 5% YoY
Slide 7: Progress in Business with Consumer & SME Customers in CSEE
Progress in Business with Consumer & SME Customers in CSEE Business Update Improving dynamics YoY €m, YTD 880 927 YoY • Solid new business growth of +10% YoY 61 117 +5% • Regulatory headwinds in Croatia (-17% YoY) – +92% 328 270 mitigations launched -18% Consumer • Good growth in NCI +10% YoY dr
Slide 8: Executive Summary & Business Update, Financials & Risk Update, Outlook & Wrap-Up
Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials
Slide 9: Financial Performance 1H26 at a Glance
Financial Performance 1H26 at a Glance Financial Performance 1H26 2Q25 3Q25 4Q25 1Q26 2Q26 YTD, €m 80.5 81.3 7.00% 1H25 YoY 78.1 77.0 78.5 6.00% NCI 19.1 20.5 20.7 18.0 20.3 Net Net interest income interest income 117.2 117.8 -0.5% 5.00% Net fee Net & commission fee & NIM 3.69% 3.73% 3.76% 3.72% 3.6
Slide 10: Strong Capital Position Despite Exceptional 1H26 Impacts
Strong Capital Position Despite Exceptional 1H26 Impacts Capital development % CET1/TCR, YTD, RWA in €m Addiko Group 3,892 4,010 4,006 RWA 0.08% 0.08% 0.66% 0.12% 0.57% 0.00% 0.02% 22.4% CET1/ 21.7% 21.3% TCR 1 2 2025 2025 OCI OCI Reg. Reg. & Equity & Equity RWA RWA 1Q26 1Q26 OCI OCI loss loss Reg.
Slide 11: Balanced NPE Development
Balanced NPE Development NPE volume1 & ratio development Quarterly NPE formation & exit €m, YTD €m, QTD NPE ratio 3Q25 4Q25 1Q26 2Q26 (on-balance loans)2 2.9% 2.5% 2.6% 2.6% NPE ratio Formation 21.7 21.4 21.7 23.2 (GE based)3 2.0% 1.8% 1.9% 1.8% 0.4 0.3 0.5 0.5 9.3 8.3 9.3 11.3 flat 11.9 12.5 12.1 1
Slide 12: Cost of Risk at a Glance
Cost of Risk at a Glance Expected credit loss expenses on financial assets 1H26 YTD, €m, positive number for release • 1H26 expected credit loss 2.4 expenses of €11.6m 0.6 Impairments (negative) (7.2) resulting in -0.31% cost of Releases (positive) risk (on net loans): (12.2) (11.6) − Consumer: -0.3
Slide 13: Executive Summary & Business Update, Financials & Risk Update, Outlook & Wrap-Up
Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials
Slide 14: Outlook and Wrap-Up
Outlook and Wrap-Up • Transaction related implications are expected to significantly change Addiko’s future scope, operating basis and earnings profile • RBI intends to integrate Addiko’s EU subsidiaries into the RBI Group and pursue a Carve-Out of Non-EU subsidiaries to Alta Group d.o.o. • Potentia
Slide 15: Executive Summary & Business Update, Financials & Risk Update, Outlook & Wrap-Up
Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials
Slide 16: Management Team
Management Team 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 Member of the Man
Slide 17: Addiko at a Glance
Addiko at a Glance Overview of Addiko Operating as one region - one bank 1H26, % 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 18: Shareholder Structure as of 30 June 2026
Shareholder Structure as of 30 June 2026 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% 36.69% European Bank for Reconstruction and Development (EBRD) Dr. Jelitzka + Partner (Austria) 9.63% -
Slide 19: Key Macroeconomic Assumptions
Key Macroeconomic Assumptions GDP forecasts (%, real growth) Previous Forecast 2026E 2027E 2028E Δ 2025 Base Base Base 2026 Slovenia 1.06% 1.70% 2.40% 2.60% -0.49% Croatia 3.40% 2.60% 2.70% 2.80% -0.21% Serbia 2.03% 2.00% 3.00% 3.50% -1.54% Bosnia & 2.13% 2.30% 2.80% 3.00% -0.54% Herzegovina Montene
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 1H26, €b YTD 1H26, €b 6.5 6.5 Other Other Assets 0.2 0.2 Liabilities ✓• Liquid balance sheet 0.0 Due to Credit ✓• Strong deposit base 0.5 Institutions - LCR ratio: 280% (YE25: 304%) Direct - Loan-deposit ratio Deposits (customer): 70.5% (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 1H26 YTD QTD QTD Full year 2Q26 1Q26 2025 yield yield yield Consumer 6.9% 6.8% 7.0% 7.2% % in focus 40% 51% 56% 62%
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 2,058 2,097 2,135 1,962 2,015 1,919 1,706 1,535 1,389 1,330 1,312 1,310 1,266 1,286 1,279 1,307 1,311 1,188 1,040 1,057 Gross Performing Loans 2020 2021 2022 2023 1Q25 1H25 3Q25 YE25 1Q26 1H26 2020 20
Slide 25: New Business on a Monthly Basis
New Business on a Monthly Basis New business during 1H26 €m 1H26YTD: 540 103 101 100 89 86 91 88 93 91 73 73 76 85 80 86 74 85 84 Consumer Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 1H26YTD: 387 80 74 77 77 71 74 74 69 67 SME 61 64 63 66 62 49 47 52 42 Jan. Feb. Mar. Apr. May Jun. Ju
Slide 26: Growth in Consumer Lending
Growth in Consumer Lending Addiko market share – unsecured consumer loans (stock outstanding, 1H26)1,2 Bosnia & Serbia Croatia Montenegro Slovenia Herzegovina Market Size, 11.2 14.4 1.7 5.8 5.5 €b • Overall, Consumer lending Market Growth +20.4% +12.7% +20.0% +9.6% +5.8% market size in Addiko (vs. 1
Slide 27: Digital Transformation
Digital Transformation Digital capabilities YTD +16% YoY Registered Mobile Banking 230 258 291 315 328 367 379 Users (ths.) +15% YoY 385 373 335 323 301 273 246 Digital Users (ths.) 2021 2022 2023 2024 1H25 2025 1H26 ADDIKO BANK AG 13 AUGUST 2026 | 27
Slide 28: Financials: Financial Performance 1H26 in Detail
Financials: Financial Performance 1H26 in Detail Key financials P&L in €m YTD QTD 1H26 (YTD) 1H25 (YTD) +/- PY 2Q26 (QTD) 1Q26 (QTD) +/- PQ •1 Operating result down 26.7% YoY to €37.9m: Net interest income 117.2 117.8 -0.5% 58.3 59.0 -1.2% − Net interest income stable YoY Net fee and commission inco
Slide 29: Financials: Key Performance Drivers 1H26
Financials: Key Performance Drivers 1H26 Net interest income Net fee and commission income €m €m NIM 371bp 366bp 369bp 372bp 361bp % of 32% 33% 32% 31% 35% NII -0.5% -1.3% +6.4% -1.2% 117.8 117.2 +2.8% +12.4% 59.1 59.0 58.3 37.3 38.3 19.1 18.0 20.3 1H25 (YTD) 1H26 (YTD) 2Q25 (QTD) 1Q26 (QTD) 2Q26 (Q
Slide 30: Financials: Interest Income Dynamics
Financials: Interest Income Dynamics Interest income by quarter1 Gross yield by quarter2 €m 2Q25 3Q25 4Q25 1Q26 2Q26 74.5 73.6 72.6 72.0 72.2 7.3% 7.1% 7.0% 7.0% 6.8% Other Consumer 18.8 17.9 17.1 7.3% 7.1% 6.8% 6.3% 6.4% Public & 17.2 17.0 new new new new new Large business business business busine
Slide 31: Financials: Breakdown of Other Interest Income
Financials: Breakdown of Other Interest Income Treasury interest income by quarter €m Other interest 18.8 17.9 17.1 17.2 17.0 income (total) 15.7 14.9 14.8 14.3 14.4 HTC bond portfolio 8.3 8.0 8.3 • HTC bond portfolio: Hold-to-Collect (HTC) strategy for stable interest 8.2 8.8 income generation HTC&
Slide 32: Plain Vanilla Investment Portfolio
Plain Vanilla Investment Portfolio Evolution of Investment Portfolio1 Key highlights €m 1.501 1.493 1.465 23 1.476 24 • Investment portfolio at €1.5b as of 1H26: 24 Equity 22 10 9 65% of the portfolio are in securities in HTC Corporations 9 57 Credit 10 98 book and 35% in securities measured at Inst
Slide 33: Financials: Interest Expense Dynamics
Financials: Interest Expense Dynamics Interest expense by quarter Cost of funding by quarter1 €m 15.5 2Q25 3Q25 4Q25 1Q26 2Q26 1.9 13.6 13.9 Deposits – Treasury 0.78% 0.70% 0.62% 0.69% 0.75% 13.0 Network Deposits – 0.8 12.0 2.2 1.7 Credit 2.1 0.7 1.7 0.7 Direct Institutions 3.5 2.53% 2.18% 1.75% 1.8
Slide 34: Financials: Perspective on Interest Rate Sensitivity
Financials: Perspective on Interest Rate Sensitivity Estimated impact on NII and NIM for parallel interest rate shifts Interest binding structure of customer deposits €m, calculated based on 1H26 balance sheet % of customer deposits, calculated based on 1H26 balance sheet Shift -75 bps -50 bps -25bp
Slide 35: Financials: Commission Income Dynamics
Financials: Commission Income Dynamics Net fee and commission income by quarter Key highlights €m 20.5 20.7 20.3 19.1 0.5 1.1 0.2 • Net fee and commission income increased by 2.8% Non-Focus 0.9 18.0 YoY, supported by €1.4m Mastercard Click to Pay and Other 0.6 implementation incentives in Serbia and
Slide 36: Financials: Net Result on Financial Instruments & Other Operating Result
Financials: Net Result on Financial Instruments & Other Operating Result Net result on financial instruments: mainly driven by fx €m 1H26 1H25 1 revaluation effects; losses from the targeted sale of FVOCI 1 Net result on financial instruments -0.3 0.8 bonds in 1Q26 were partly offset by dividend inc
Slide 37: Financials: Development of General Administrative Expenses (OPEX)
Financials: Development of General Administrative Expenses (OPEX) OPEX development by quarter Other Administrative expenses €m 1H26 YTD, €m Other1 4.9 5.2 11% Advertising 12% 16.9 Total: 38% €44.1m IT Legal & Advisory 10.6 60.1 24% 6.6 Depreciation 4.6 15% and Premises Expenses Amortisation 50.9 51.
Slide 38: Financials: Other Result
Financials: Other Result Other result breakdown (YTD) €m 1H26 1H25 Net result from legal cases improved YoY: CHF-related legal provisions of €46.4m recognised in 1H26, including 1 Net result from legal cases -48.6 -4.4 1 €41.0m resulting from revised provisioning assumptions Impairments non-financia
Slide 39: Financials: Balance Sheet
Financials: Balance Sheet Detailed balance sheet overview (YTD) €m 2022 2023 2024 2025 1H26 Cash reserves 1,382.9 1,254.5 1,251.4 1,057.2 1,014.4 Investment Portfolio 1,084.4 1,208.1 1,479.1 1,485.4 1,508.7 Financial assets held for trading 22.8 29.5 14.4 9.8 15.3 Investment securities 1,061.6 1,178
Slide 40: Financials: Income Statement
Financials: Income Statement Detailed income statement overview (YTD) €m 2022 2023 2024 2025 1H25 1H26 Interest income 195.1 277.0 311.1 296.5 150.3 144.2 Interest expense (18.7) (49.0) (68.3) (58.1) (32.5) (26.9) Net interest income 176.4 228.0 242.9 238.4 117.8 117.2 Fee and commission income 92.3
Slide 41: Financials: Breakdown by Entity
Financials: Breakdown by Entity 1H26 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 39.3 28.2 12.2 11.2 18.2 5.9 Net commission income 12.3 9.4 5.1 4
Slide 42: Risk: Strong Risk Management Framework
Risk: Strong Risk Management Framework Non-performing loan portfolio (YTD) NPE Volumes, €m 163 138 146 147 143 140 126 132 132 NPE Coverage Ratio1 (Ex-Collateral) 75.4% 80.9% 81.4% 80.9% 80.8% 82.2% 81.7% 81.9% 80.2% NPE Ratio (on-balance loans)2 3.3% 2.9% 3.0% 2.9% 2.8% 2.9% 2.6% 2.6% 2.5% NPE Rati
Slide 43: 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 2,391 50 2,259 50 47 83 49 69 83 > 90 > 90 90 days days 61-90 61-90 days days 1,888 1,922 1,847 1,874 31-60 31-60 36 37 46 36 41 days days 32 41 35 < 30 < 30 days days 2,174 2,197 2,
Slide 44: Risk: Provision Coverage Evolution
Risk: Provision Coverage Evolution Stage 1, 2 and 3 assets1 Business segments: Stage 1 & 2 (Performing) coverage1 €m 1H26 (YTD) ECL coverage (YTD) 4,656 4,726 By Segment 1Q26 2025 3Q25 1H25 4,537 4,558 4,495 132 126 132 143 140 321 Focus Focus 1.3% 1.3% 1.3% 1.4% 1.3% 322 295 334 321 Consumer 1.3% 1
Slide 45: 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 -0.3 -2.0 +2.2 -0.5 -1.1 -11.1 +4.7 +2.4 -0.6 -1.3 -0.3 -0.6 -0.5 0.0 -0.2 -1.5 -0.1 -0.1 -0.1 -0.1 11.9 12.5 12.1 11.4 11.3 0.4 0.4 0.0 0.1 0.
Slide 46: Risk: Low NPE Concentration, Well Provisioned and Carefully Managed
Risk: Low NPE Concentration, Well Provisioned and Carefully Managed Overview of Top 10 NPEs 1H26 Group of Borrowers, €m Borrower Total Exposure Country Description Metal industry and mechanical NPE 1 7.7 Croatia engineering Coverage for Top 10 NPEs NPE 2 4.1 Serbia Wood and paper processing Coverage
Slide 47: Risk: NPE and Cost of Risk Development by Business Segment
Risk: NPE and Cost of Risk Development by Business Segment Focus Non-Focus3 €m Consumer SME €m €m NPE Coverage Ratio (Excl. 81.8% 81.5% 81.3% 82.1% 79.3% 79.6% 80.8% 74.0% 81.7% 81.7% 87.1% 91.0% Collateral)1 5.0% 4.4% 4.2% 3.8% 3.2% 3.1% 2.8% 2.8% 2.8% 2.9% 2.2% 2.5% NPE Ratio2 2024 1H25 2025 1H26
Slide 48: Risk: CHF Loans Significantly Managed Down
Risk: CHF Loans Significantly Managed Down CHF portfolio overview €m CHF status across countries % of Total 3.4% 2.0% 1.7% 1.3% 1,1% 0.9% 0.8% 0.7% 5.5% 0.7% 0.7% • Several CHF initiatives rejected as unconstitutional or unlawful under European law; Credit Risk Exposure1 resubmitted draft law of 02/
Slide 49: Capital: Capital Requirements & Guidance Going Forward
Capital: Capital Requirements & Guidance Going Forward Capital requirements as of 1H26 (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 21.3% 21.3% 21.3% with CET1 capital, and at least 75% with Tier 1 capital CBR inclu
Slide 50: 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% 21.3% 21.3% regulatory considerations related to the current ownership structure • 1H26 interim loss (€-23.0m) fully deducted from CET1 Other capital drivers
Slide 51: 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 1H26, €m 1H26, €m Large Corporate & Public Finance 3,400 Mortgages 86 606 139 Corporate Center Consumer Total: 9
Slide 52: 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