Procredit Holding Ag · XETR:PCZ
Procredit — Q2 2026 Earnings Presentation
48 slides from Procredit's earnings presentation, Aug 13, 2026
Slide 1: H1/Q2 2026 Results presentation
H1/Q2 2026 Results presentation, Frankfurt am Main, August 2026 Eriola Bibolli, Chair of the Management Board Christian Dagrosa, CFO and member of the Management Board
Slide 2: A. Highlights and business update
A. Highlights and business update B. Group results ProCredit Group | H1/Q2 2026 results | Frankfurt am Main, 13 August 2026 1
Slide 3: H1 2026: Strategy execution yields strong and targeted loan growth
H1 2026: Strategy execution yields strong and targeted loan growth amid increased net interest margin Loan portfolio grows by 8%, crossing the EUR 8 billion mark for the first time Active client base increases by 27,000 clients – micro clients up nearly 18% and retail clients up 8% Volume growth and
Slide 4: H1 2026 at a glance
H1 2026 at a glance Customer loans Customer deposits Stage-3 ratio +8.0% (ytd) +2.2% (ytd) 2.9% Loan portfolio €8.4bn Customer deposits €9.3bn -0.1 pp ytd Net interest income Net result RoTE +11.6% (yoy) €38.5m 7.3% €191.3m at 71.2% C/I ratio RoE 6.7% and 22 bps cost of risk (including AT1 capital o
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 +4.4% +8.7% +4.1% +13.7% Home region SEE and EE with strong growth outlook Bosnia Georgia & Herz. +13.4% +8.9% Regional franchise with 11 countries of operation Bulgaria +8.4% Trusted, long-ter
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 • Positive growth outlook and resilience of SEE/EE region 2026 2027 2028-31 p.a. • GDP growth outlook of around 3% p.a. in SEE/EE vs. more muted growth
Slide 7: Delivering operational progress on strategy execution
Delivering operational progress on strategy execution Operational KPIs # active clients by segment (in ‘000s) Product roll-out FY-25 H1-26 FY-29 FY-25 H1-26 Update per H1 +8.0% New mobile retail banking apps # active clients +20k rolled out in 3 further banks in H1: ~330k 359 ~800k Retail North Ma
Slide 8: Our digital retail banking apps
Our digital retail banking apps Mobile-first retail franchise Engaging daily banking Seamless customer services with experience with Efficient and scalable retail banking convenient access easy to use UX/UI business model with leading role of mobile banking channel Key customer journeys Strong regio
Slide 9: Successful inaugural AT1 issuance in May-26
Successful inaugural AT1 issuance in May-26 supporting the group’s capital structure optimisation CASE STUDY ProCredit Holding AG successfully issued EUR 150m Additional Tier 1 capital instruments Summary of transaction: Main statistics: ► On 29 May 2026, ProCredit Holding successfully completed its
Slide 10: 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 11: 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 12: B. Group results
A. Highlights and business update B. Group results ProCredit Group | H1/Q2 2026 results | Frankfurt am Main, 13 August 2026 11
Slide 13: Dynamic loan growth increasingly driven by higher-yielding segments
Dynamic loan growth increasingly driven by higher-yielding segments Loan portfolio growth ► Strong loan growth of 8.0% or EUR 617m 13.8% YoY Good loan growth across all client segments 8.0% YTD 8,370 7,357 7,752 Higher- More than 70% of growth from higher-yielding segments 7,010 yielding segment
Slide 14: Good deposit development through digital banking channels
Good deposit development through digital banking channels Deposit growth ► Customer deposits increase by 2.2% or EUR 201m 13.6% YoY Strong growth in deposits from micro enterprises (+18.2%) 2.2% YTD adding to growing deposit granularity 9,136 9,337 8,291 8,219 Retail clients ► Retail client deposi
Slide 15: Operating income growth driven by NII expansion
Operating income growth driven by NII expansion Operating income ► Operating income shows robust increase thanks to net interest 6.6% 8.5% income (NII) expansion 213.1 227.2 NII gains of 11.6% year-on-year; net fee reduction in line with expectation 107.5 116.7 (in EUR m) (in EUR m) Margins stre
Slide 16: Volume growth and NIM expansion drive increased NII
Volume growth and NIM expansion drive increased NII Quarterly development ► NII in Q2 at EUR 99.0m with net interest margin (NIM) at 3.4% 120.0 3.3% 3.3% 3.4% 3.2% 3.2% Increase with respect to previous quarter of EUR 6.8m or 100.0 7.3% 80.0 Good growth in almost all markets 60.0 92.2 92.3 99.0
Slide 17: Net fee and commission income affected by euro introduction
Net fee and commission income affected by euro introduction in Bulgaria and capital efficiency measures Quarterly development ► Q2 net fee and commission income of EUR 22.4m Slight increase with respect to Q1-26 reflecting client number growth and days-effect, but below previous year Q2 24.5 24.0
Slide 18: Moderate increase in personnel and administrative expenses
Moderate increase in personnel and administrative expenses Quarterly development ► Q2 personnel and administrative expenses of EUR 83.0m 79.3% 85.0% 71.1% 72.0% 71.2% 71.2% Moderate increase in personnel expenses while 75.0% administrative expenses increased stronger due to higher 65.0% 55.0% expe
Slide 19: Loss allowance moderate amid global uncertainties
Loss allowance moderate amid global uncertainties Quarterly development ► Q2-26 loss allowance of EUR 6.4m corresponding to cost of risk of 31 bps 6 bps 89 bps -30 bps 14 bps 31 bps Includes (EUR 2.7m) of portfolio-level model provisions reflecting a more challenging global macroeconomic (in EUR m
Slide 20: Stable loan portfolio quality
Stable loan portfolio quality Loan portfolio by geography Net-write offs (annualised) Ecuador 6% Germany 1% -0.1% 0.0% 0.0% 0.0% 0.2% Moldova 3% Bulgaria 20% Georgia 6% Ukraine 8% Serbia Stage 2 Albania 5% 14% 8.8% 8.6% 8.5% Bosnia & 6.5% 7.4% Herzegovina 5% Greece 5% Kosovo 14% Romania 6% North Q2-
Slide 21: 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 47m loan portfolio; EUR 233m deposits) 1.0 17.5
Slide 22: Regulatory capital, risk-weighted assets, capital ratios
Regulatory capital, risk-weighted assets, capital ratios Capitalisation overview in EUR m Dec-25 Jun-26 ► CET1 ratio at 12.7%, Tier 1 ratio at 14.7%, Total Capital CET1 capital 956 985 ratio at 17.8% Additional Tier 1 capital 0 149 Includes Q4 2025 profit and H1 2026 interim profit Tier 1 capital
Slide 23: Q&A
Q&A ProCredit Academy, Fürth-Weschnitz, Germany 22
Slide 24: Appendix
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 | H1/Q2 2026 results | Frankfurt am Main, 13 August 2026 23
Slide 25: 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 26: 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 27: 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 28: Explanatory disclosure on RoTE and EPS
Explanatory disclosure on RoTE and EPS (as per H1 2026) RoE to RoTE bridge (annualised) EPS bridge Profit of the period Profit of the period (€m) (€m) 38.5 -1.11 – 37.4 38.5 – 38.5 -1.11 37.4 Equity basis (beginning / end of the period) Shares outstanding (€m) (m) 1,074 / 0/ -47 / 1,027 / -149 -53 1
Slide 29: 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 | H1/Q2 2026 results | Frankfurt am Main, 13 August 2026 28
Slide 30: 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 31: 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 | H1/Q2 2026 results | Frankfurt am Main, 13 August 2026 30
Slide 32: H1 2026 results at a glance
H1 2026 results at a glance In EUR m Q2-25 Q2-26 H1-25 H1-26 Y-o-Y Net interest income 86.4 99.0 171.3 191.3 19.9 Net fee and commission income 24.5 22.4 47.0 44.0 -3.1 Net other operating income -3.3 -4.8 -5.3 -8.1 -2.8 Operating income 107.5 116.7 213.1 227.2 14.1 Income Personnel expenses 37.2 42
Slide 33: Overview of quarterly financial development
Overview of quarterly financial development In EUR m Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Net interest income 86.4 89.5 92.2 92.3 99.0 Net fee and commission income 24.5 24.0 25.6 21.6 22.4 Net other operating income -3.3 -2.8 -2.2 -3.3 -4.8 Operating income 107.5 110.6 115.6 110.5 116.7 Income Personnel e
Slide 34: Balance sheet
Balance sheet in EUR m Dec-25 Jun-26 Assets Cash and central bank balances 2,166 1,834 Loans and advances to banks 507 487 Investment securities 1,048 1,103 Loans and advances to customers 7,752 8,370 Loss allowance for loans to customers -188.2 -191.7 Derivative financial assets 7 7 Property, plant
Slide 35: 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% 29% 5% 51% 61% 30% 10% EUR USD Other Currencies Medium Small Micro Retail clients ProCredit Group | H1/Q2 2026 results | Frankfurt am Main, 13 August 2026 34
Slide 36: Green loan portfolio
Green loan portfolio Structure of green loan portfolio ► Green loan portfolio amounting to EUR 1.4bn, representing ~17% of total loan portfolio ► Includes financing of investments in: • Energy efficiency 21% • Renewable energies • Other environmentally-friendly activities 46% ► Investment opportunit
Slide 37: 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 guarantee programmes 2% 8% ► Clear, strict requirements for types of acceptable collateral, 6% legal aspects of collateral and insura
Slide 38: 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 | H1/Q2 2026 results | Frankfurt am Main, 13 August 2026 37
Slide 39: Income statement by segment
Income statement by segment South Eastern 01.01.- 30.06.2026 (in EUR m) Germany Eastern Europe South America Consolidation Group Europe Interest income 17.5 96.3 190.0 26.2 -11.8 318.2 of which inter-segment 8.6 1.0 2.3 0.0 0.0 0.0 Interest expenses 24.5 47.2 53.4 13.7 -11.8 127.0 of which inter-seg
Slide 40: Segment South Eastern Europe
Segment South Eastern Europe Segment key financials SEE Key financial data (in EUR m) H1-25 H1-26 Operating income (€m) Cost-income ratio Net interest income 124.6 136.6 +6% +2.8pp Net fee and commission income 30.0 27.7 155.2 164.3 58.7% 61.5% Net other operating income 0.6 -0.1 Operating income 15
Slide 41: Segment Eastern Europe
Segment Eastern Europe Segment key financials EE Key financial data (in EUR m) H1-25 H1-26 Operating income (€m) Cost-income ratio Net interest income 44.9 49.1 +10% -4.7pp Net fee and commission income 7.4 7.3 57.1 61.5% 52.0 56.7% Net other operating income -0.3 0.7 Operating income 52.0 57.1 Pers
Slide 42: Segment South America
Segment South America Segment key financials SA Key financial data (in EUR m) H1-25 H1-26 Operating income (€m) Cost-income ratio Net interest income 7.6 12.5 -74.7pp +78% Net fee and commission income 0.6 0.8 162.3% 12.2 Net other operating income -1.4 -1.1 6.8 87.6% Operating income 6.8 12.2 Perso
Slide 43: Key figures per ProCredit bank
Key figures per ProCredit bank (as per H1-26) North Bosnia & Country Bulgaria Serbia Kosovo Romania Macedonia Herzegovina Customer loan portfolio (EUR m) 2,047 1,154 1.136 674 515 445 Change in customer loan portfolio (%) 6.7% 4.4% 9.2% 6.0% 8.7% 8.9% Credit impaired loans (Stage 3) 4.8% 2.6% 0.9% 1
Slide 44: 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 Q1-26 Q2-26 Staff information Selected financial indicators Number of staff 408 419 Loan portfolio 757 582 497 512 608 Change qoq % 4.9% 2.7% %
Slide 45: 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 | H1/Q2 2026 results | Frankfurt am Main, 13 August 2026 44
Slide 46: Funding, rating and liquidity
Funding, rating and liquidity Funding sources Liquidity coverage ratio (LCR) and NSFR 2% 3% 1% 154% 150% 144% 174% 7% 157% 155% Customer deposits Liabilities to banks 100% 100% 100% Debt securities Subordinated debt Other liabilities 87% Dec-24 Dec-25 Jun-26 LCR Regulatory minimum NSFR ratio Total l
Slide 47: Contact Investor Relations
Contact Investor Relations Financial calendar (continuously updated on IR Website) Date Location Event information 26.08.2026 Hamburg Hamburger Investorentage (HIT) 21.09.2026 Munich Berenberg and Goldman Sachs German Corporate Conference 12.11.2026 Quarterly Report as of 30 September 2026 23.11. –
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