Addiko Bank Ag · VIE:ADKO
Addiko Bank — FY2024 Earnings Presentation
63 slides from Addiko Bank's earnings presentation, Mar 6, 2025
Slide 1: YE24 Results Presentation
YE24 Results Presentation Herbert Juranek (CEO) Edgar Flaggl (CFO) Tadej Krašovec (CRO) Ganesh Krishnamoorthi (CMO & CIO) Constantin Gussich (Investor Relations) 6 March 2025
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 2024
Key Highlights 2024 • 2024 net profit up 10% YoY to €45.4m (YE23: €41.1m), EPS at €2.35 − Fourth quarter result 2024 after tax at €7.7m (1Q24: €15.6m, 2Q24: €9.9m, 3Q24: €12.2m) − Cost of Risk on net loans at -1.03% (€-36.0m) • Return on average Tangible Equity at 5.7% (YE23: 5.5%) Earnings & • Oper
Slide 4: Key Topics
Key Topics Takeover Bids • Two unsuccessful takeover bids affecting operational business and leading to one-off costs & Shareholder • Changes in shareholder structure raising regulatory awareness and leading to additional Structure management attention • No dividend envisaged for 2024 due to recomme
Slide 5: Acceleration Program Completed
Acceleration Program Completed Key developments in 2024 • Consumer outperforming SME with strong +20% YoY growth in new business (+39% since launch of the program with YE22) • Disbursements via partnership universe growing by +23% YoY (+147% Business since YE22) already contributing 12% of new busin
Slide 6: Romania: Personal Loans for Consumers in Less than 10 Minutes
Romania: Personal Loans for Consumers in Less than 10 Minutes Attractive unsecured consumer lending market with a size of €15.5b 19% YoY growth in new disbursements (stock +4% YoY) 100% online via mobile App, no prior account needed Simple & easy – application within 10 minutes Launched min. max. Lo
Slide 7: 2024 Broadly in Line with Guidance - Impacted by External Factors
2024 Broadly in Line with Guidance - Impacted by External Factors Income & Business Risk & Liquidity Profitability Loan Growth1 >6% CoR3 c.1% RoATE5 c. 6.0% CAGR 2023-2026 Outlook 2024 NIM2 >3.8% NPE Ratio4 <3% DPS6 >€1.2 as guiding principle (adjusted in 1H24) NBI2 >4.5% YoY TCR >18.35% OPEX <€195m
Slide 8: Continued Growth in Focus
Continued Growth in Focus Focus portfolio development Gross performing loans (€m) • Total book (gross performing loans) rose at muted pace, up 1% YoY despite Total Book 3,304 3,486 3,506 outperformance in Consumer YoY • +4% YoY growth in focus book (+6% YoY +4% excluding medium SME) 3,138 • New bu
Slide 9: Visible Progress in Business with Consumer & SME Customers in CSEE
Visible Progress in Business with Consumer & SME Customers in CSEE Business Update Improving dynamics YoY €m, YTD YoY • Strong customer growth in cash loans (+12% YoY) 1,522 1,557 123 112 +2% • Solid new business delivered (+20% YoY) with premium pricing (+22bp YoY) 594 -9% 692 • NCI growth (+12
Slide 10: Executive Summary & Business Update; Financials & Risk Update; Outlook & Wrap-Up
Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials
Slide 11: Financial Performance 2024 at a Glance
Financial Performance 2024 at a Glance Financial Performance 2024 4Q23 1Q24 2Q24 3Q24 4Q24 5.80% YTD, €m 79.3 79.4 80.5 5.30% 77.4 76.6 YE23 YoY 18.4 18.3 19.4 4.80% NCI 16.9 16.9 Net Netinterest interest income income 242.9 228.0 +6.5% 4.30% 3.89% 3.89% 3.97% 3.93% 3.84% Net fee & commission Net fe
Slide 12: Capital Position Remains Strong
Capital Position Remains Strong Capital development fully-loaded (based on full-year changes) % CET1/TCR, YTD, RWA in €m Addiko Group 3,653 3,671 RWAFL - 0.06% - 0.11% 0.00% 1.24% 0.54% 22.0% CET1/ 20.4% TCR fully-loaded 2023 2023 OCI OCI YE24 YE 2024 Dividend Dividend Reg. & Equity Reg.& Equity RWA
Slide 13: Balanced NPE Development Continues in 4Q24
Balanced NPE Development Continues in 4Q24 NPE volume1 & ratio development Quarterly NPE formation & exit €m, YTD €m, QTD 1Q24 2Q24 3Q24 4Q24 NPE ratio 2.8% 2.9% 2.8% 2.9% 2.9% Formation 24.5 21.4 21.6 36.7 (on-balance loans)2 NPE ratio 2.0% 2.1% 2.0% 2.0% 2.0% 0.9 (GE based)3 0.7 22.1 0.8 0.8 10.3
Slide 14: Cost of Risk at a Glance
Cost of Risk at a Glance Expected credit loss expenses on financial assets 2024 YTD, €m, positive number for release • 2024 expected credit loss expenses of 10.9 0.7 Impairments (negative) €-36.0m resulting in (27.3) Releases (positive) -1.03% cost of risk (on net loans): (36.7) (36.0) − Consumer: -
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: Updated Outlook 2025 and Guidance 2026
Updated Outlook 2025 and Guidance 2026 • Guidance is generally based on projections and assumptions that can vary over time due to a changing environment (such as, but not limited to, changes in the interest rate environment, macroeconomic developments, regulatory restrictions, labour law, tax legis
Slide 17: Wrap-Up
Wrap-Up • Armed conflicts continue to be a cause for uncertainty • Increasing political and economical uncertainties, also driven by US policy developments • Inflation is past its peak but still elevated keeping pressure on operating expenses • Steadily increasing burden on banks in the region mainl
Slide 18: Additional Materials
Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials
Slide 19: Management Team Since June 2021
Management Team Since June 2021 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 M
Slide 20: Addiko at a Glance
Addiko at a Glance Overview of Addiko Operating as one region - one bank 2024, % 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 ✓ (5%2) Authority (“FMA”)1 an
Slide 21: YE24 Shareholder Structure
YE24 Shareholder Structure S-Quad Handels- und Beteiligungs GmbH (Austria) 9.99% Gorenjska Banka (Slovenia), AIK Banka (Serbia) - Agri Europe Cyprus Alta Pay Group DOO (Serbia) 36.48% 9.69% European Bank for Reconstruction and Development (EBRD) Dr. Jelitzka + Partner (Austria) 9.63% WINEGG Realität
Slide 22: Key Macroeconomic Assumptions
Key Macroeconomic Assumptions GDP forecasts (%, real growth) Previous Forecast 2024E 2025E 2026E Δ 2023A Base Base Base 2024 Slovenia 2.1% 1.7% 2.2% 2.5% -0.8% Croatia 3.1% 3.3% 2.7% 3.0% +0.4% Serbia 2.5% 3.8% 3.6% 3.6% +0.8% Bosnia & 1.7% 2.6% 2.9% 3.1% +0.2% Herzegovina Montenegro 6.3% 3.5% 3.7%
Slide 23: ESG in Addiko - It is the little things that count
Addiko’s Commitment to the Sustainable Development Goals ESG in Addiko - It is the little things that count Environment Social Governance Making ESG work through Vision Carbon footprint reduction Committed to the good good governance Addiko helps its employees Sound principles of Addiko supports soc
Slide 24: Balance Sheet Composition
Balance Sheet Composition Assets Liabilities and Equity YTD 2024, €b YTD 2024, €b 6.4 6.4 Other Liabilities ✓• Liquid balance sheet Other Assets 0.2 0.2 0.1 Due to Credit ✓• Strong deposit base - LCR ratio: 363% (YE23: 313%) Institutions 0.6 Direct - Loan-deposit ratio Deposits (customer): 66.3% (YE
Slide 25: 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 26: 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 2024 YTD QTD QTD QTD QTD Full year 4Q24 3Q24 2Q24 1Q24 2023 yield yield yield yield yield Consumer 7.4% 7.4% 7.4% 7
Slide 27: Consumer and SME Lending Development
Consumer and SME Lending Development Consumer (Micro shifted to SME as of 1Q21) SME €m, YTD €m, YTD 1,877 1,8031,846 1,752 1,6681,706 1,5621,606 1,535 1,3421,3121,389 1,2981,3261,3101,3221,3321,3011,261 1,243 1,188 1,188 1,0591,0401,057 1,028 928 791 774 Gross 646 Performing Loans 2016 2017 2018 201
Slide 28: New Business on a Monthly Basis
New Business on a Monthly Basis New business during 2024 €m 2024YTD: 851 85 77 74 76 78 70 69 62 59 61 60 67 68 63 63 64 69 69 63 66 57 53 Consumer 48 38 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 90 78 81 2024YTD: 706 72 72 68 72 72 67 63 63 64 64 66 64 54 53 55 58 57 SME 48 52 45 4
Slide 29: Run-Down of Non-Focus Completed in 2024
Run-Down of Non-Focus Completed in 2024 Non-Focus portfolio development Mortgages, Large Corp. & Public Fin. gross performing loans (€mn) -16% -33% -33% -19% -21% 1,469 1,252 Large Corp. & 724 Public 613 841 307 582 469 147 369 Mortgages 744 105 639 62 535 435 364 307 2019 2020 2021 2022 2
Slide 30: Consumer Customer Base
Consumer Customer Base Customer base1 Customers’ years of relationship with Addiko Number of clients (excl. NPE), ths. 2024 <1 Year 27% of customer base attracted over last 3 years 11% 777 792 1-3 Years 16% 727 Total: 61% 792 ths. 249 >6 Years 256 12% 237 3-6 Years 2 Passive 73% of clients >3 years
Slide 31: Focus in Consumer Remains on High-Margin Product Offering and Sales Finance
Focus in Consumer Remains on High-Margin Product Offering and Sales Finance Unsecured lending products for Consumer 2024 Fast cash loans Payroll loans Sales finance (POS) • Unsecured loan • Unsecured loan • Unsecured loan for financing goods and Description • Non payroll (salary account with Addiko
Slide 32: Growth in Consumer Lending Slowly Returning
Growth in Consumer Lending Slowly Returning Addiko market share – unsecured consumer loans (stock outstanding, YE24E)1,2 Bosnia & Serbia Croatia Slovenia Montenegro Herzegovina Market Size, 8.6 12.0 5.0 5.1 1.3 €b Market Growth +12.0% +13.7% +7.8% +10.2% +19.4% (vs. YE23) • Overall, Consumer Flow YE
Slide 33: SME Customer Base
SME Customer Base Customer base Customers’ years of relationship with Addiko Number of clients (excl. NPE), ths. 2024 < 1 year 34% of customer base attracted 12% over last 3 years 40.2 1-3 years 39.8 Total: 22% 37.7 1.1 0.3 1.1 0.2 50% 40.2 ths. Passive1 >6 years Medium 1.2 0.3 Active2 6.8 6.4 Passi
Slide 34: SME Lending Focus Remains on Smaller Tickets with Higher Yields
SME Lending Focus Remains on Smaller Tickets with Higher Yields for Micro and Small SME Customers Lending products for SME 2043 DLS1 Loans Non-DLS Loans • Standardized loans for financing working • Non-standardized loans for financing working Description capital capital and investments • Full digita
Slide 35: Digital Transformation
Digital Transformation Digital capabilities YTD +8% YoY Registered Mobile Banking 118 150 188 230 258 291 314 +2% Mobile banking users (vs. PQ) Users (ths.)2 +7% YoY +2% Digital users (vs. PQ) 323 301 273 246 210 25% Bank@Work (3Q24: 26%, 1H24: 26%, 1Q24: 26%, YE23: 25%) 177 149 34% Digital consumer
Slide 36: Financials: Financial Performance 2024 in Detail
Financials: Financial Performance 2024 in Detail Key financials P&L in €m YTD QTD •1 Operating result up 8.1% YoY to €112.3m (up YE24 (YTD) YE23 (YTD) +/- PY 4Q24 3Q24 +/- PQ 11.0% excl. one-off costs): Net interest income 242.9 228.0 6.5% 61.1 61.1 0.0% Net fee and commission income 73.0 67.1 8.7%
Slide 37: Financials: Key Performance Drivers 2024
Financials: Key Performance Drivers 2024 Net interest income Net fee and commission income €m €m NIM 375bp 387bp 389bp 397bp 393bp 384bp % of 29% 30% 28% 30% 30% 32% +6.5% NII 228.0 242.9 +1.8% +0.4% +0.0% +8.7% +9.3% -0.5% +5.7% 59.8 60.8 61.1 61.1 67.1 73.0 16.9 18.4 18.3 19.4 YE23 (YTD) YE24 (YTD
Slide 38: Financials: Interest Income Dynamics
Financials: Interest Income Dynamics Interest income by quarter1 Gross yield by quarter2 €m 78.1 78.2 78.6 76.0 76.2 4Q23 1Q24 2Q24 3Q24 4Q24 7.2% 7.3% 7.4% 7.4% 7.4% 21.2 20.5 21.4 20.9 20.7 Consumer 7.8% 8.0% 8.0% 8.0% 7.8% new new new new new Other 1.4 1.1 0.9 business business business business
Slide 39: Financials: Plain Vanilla Investment Portfolio
Financials: Plain Vanilla Investment Portfolio Evolution of Investment Portfolio1 Key highlights €m 1,465 22 1,179 113 10 • Investment portfolio at €1.5b as of YE24: Equity Corporations 1,062 19 53% of the portfolio are in securities in HTC 18 114 book and 47% in securities measured at FVTOCI Credit
Slide 40: Financials: Breakdown of Other Interest Income
Financials: Breakdown of Other Interest Income Treasury interest income by quarter €m Other interest 20.9 20.7 21.2 20.5 21.4 income (total) • HTC bond portfolio strategy: interest income from the instruments 17.8 17.9 held under the Hold-to-Collect (HTC) bond portfolio strategy in EU 17.6 17.4 17.3
Slide 41: Financials: Interest Expense Dynamics
Financials: Interest Expense Dynamics Interest expense by quarter Cost of funding by quarter1 €m 17.3 17.5 17.1 16.4 4Q23 1Q24 2Q24 3Q24 4Q24 15.5 2.2 2.8 2.1 2.2 Deposits - Treasury 1.5 0.8 0.82% 0.84% 0.83% 0.86% 0.87% 0.9 Network Deposits – 1.2 1.1 1.4 Credit 4.4 Direct Institutions 4.3 3.5 4.1 D
Slide 42: 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 YE24 balance sheet % of customer deposits, calculated based on YE24 balance sheet Shift -25bps -50 bps -75 bp
Slide 43: Financials: Commission Income Dynamics
Financials: Commission Income Dynamics Net fee and commission income by quarter Key highlights €m 19.4 • Net fee and commission income 4Q24 up due to 18.4 18.3 0.6 higher income from accounts & packages and Non-Focus 16.9 16.9 0.6 0.5 bancassurance as well as cards and Other 0.5 0.5 • Other products
Slide 44: Financials: Other Income & Other Result
Financials: Other Income & Other Result Other income breakdown (YTD) €m 2024 2023 Deposit guarantee -5.6 -7.1 Higher bank levies and other taxes mainly driven by the 1 introduction of the Slovenian banking tax 1 Bank levies and other taxes -7.6 -4.6 Restructuring -0.9 -1.4 New position as of 3Q24 (s
Slide 45: Financials: Development of General Administrative Expenses (OPEX)
Financials: Development of General Administrative Expenses (OPEX) OPEX development by quarter Other Administrative expenses €m 2024 YTD, €m Other1 9.2 13% Advertising 7.9 11% Total: 33.6 50.4 47% IT 49.3 7.4 €71.0m 46.7 46.5 4.2 46.1 Legal & Advisory 11% 4.3 12.9 Depreciation 4.4 4.2 4.2 18% And Amo
Slide 46: Financials: Balance Sheet
Financials: Balance Sheet Detailed balance sheet overview (YTD) €m 2020 2021 2022 2023 2024 Cash reserves 1,156.3 1,361.7 1,382.9 1,254.5 1,251.4 Investment Portfolio 965.5 1,044.8 1,084.4 1,208.1 1,479.1 Financial assets held for trading 36.4 32.6 22.8 29.5 14.4 Investment securities 929.0 1,012.2
Slide 47: Financials: Income Statement
Financials: Income Statement Detailed income statement overview (YTD) €m 2020 2021 2022 2023 2024 Interest income calculated using the effective interest method 194.3 185.5 192.9 247.3 279.6 Other interest income 2.6 2.2 2.3 29.7 31.5 Interest expense (22.3) (18.2) (18.7) (49.0) (68.3) Net interest
Slide 48: Financials: Breakdown by Entity
Financials: Breakdown by Entity 2024 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 76.7 61.4 22.6 24.2 46.6 12.8 Net commission income 24.0 15.7 9.7
Slide 49: Financials: Focus Portfolio - Maturity Breakdown
Financials: Focus Portfolio - Maturity Breakdown Remaining contractual maturity Gross performing loans, €m +4% Consumer SME Total 1,877 1,261 Consumer SME 3,138 3,017 22 Total 19 >10Y 19 3 1,706 1,310 > 10Y 18 1 >10Y 1,102 5-10Y 1,014 89 1,089 5-10Y 945 144 5-10Y 587 897 1-5Y 1,484 1-5Y 1,595 1-5Y 6
Slide 50: Financials: Non-Focus Portfolio - Maturity Breakdown
Financials: Non-Focus Portfolio - Maturity Breakdown Remaining contractual maturity Gross performing loans, €m Large Large Mortgage Corporates Public -21% Mortgage Corporates Public 307 43 19 Total Total 435 101 46 469 194 0 >10Y 369 >10Y 274 0 3 3 230 74 07 5-10Y 5-10Y 108 41 11 > 10Y 197 37 27 5 1
Slide 51: Risk: Strong Risk Management Framework
Risk: Strong Risk Management Framework Non-performing loan portfolio (YTD) NPE Volumes, 244 194 163 138 146 137 141 145 €m NPE Coverage 73.6% 71.9% 75.4% 80.9% 81.4% 80.7% 80.8% 80.0% Ratio1 (Ex-Collateral) NPE Ratio (on-balance loans)2 4.7% 4.0% 3.3% 2.8% 2.9% 2.8% 2.9% 2.9% NPE Ratio (GE based)3 3
Slide 52: Risk: Robust Asset Quality in Portfolios
Risk: Robust Asset Quality in Portfolios Focus Non-Focus Consumer SME €m, rounded €m, rounded €m, rounded 2,082 2,117 2,038 50 > 90 1,978 48 > 90 43 71 days 1,944 1,931 44 83 1,913 1,885 78 61-90 41 days 81 33 41 days 39 45 40 61-90 44 31 days 31-60 31-60 days days < 30 < 30 days days > 90 days 1,93
Slide 53: Risk: Provision Coverage Evolution
Risk: Provision Coverage Evolution Stage 1, 2 and 3 assets1 Business segments: Stage 1 & 2 (Performing) coverage1 €m 2024 (YTD) ECL coverage (YTD) By Segment 3Q24 1H24 1Q24 2023 4,518 4,513 4,521 4,509 4,481 138 146 137 141 145 Focus Focus 1.4% 1.5% 1.4% 1.4% 1.4% 580 557 523 531 351 Consumer 1.5% 1
Slide 54: 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 +4.4 -0.6 +3.3 +2.4 +5.3 -6.5 +2.6 +6.5 -0.9 -1.0 -0.8 -4.3 -0.3 -1.5 -0.6 -0.4 -0.1 -0.1 -0.3 -0.2 22.1 13.4 12.7 13.3 13.7 0.8 0.0 0.0 0.0 0.
Slide 55: Risk: Low NPE Concentration, Well Provisioned and Carefully Managed
Risk: Low NPE Concentration, Well Provisioned and Carefully Managed Overview of Top 10 NPEs as of YE24 Group of Borrowers, €m Borrower Total Exposure Country Description Metal industry and mechanical NPE 1 8.3 Croatia engineering Coverage for Top 10 NPEs NPE 2 2.2 Serbia Retail and wholesale trade C
Slide 56: Risk: NPE and Cost of Risk Development
Risk: NPE and Cost of Risk Development Focus Non-Focus3 €m Consumer SME €m €m NPE Coverage Ratio (Excl. 78.7% 80.8% 80.8% 81.5% 68.6% 81.8% 80.0% 77.6% 79.9% 79.9% 82.0% 80.8% Collateral)1 5.3% 5.4% 5.6% 5.0% 3.7% NPE Ratio2 3.0% 3.1% 3.2% 3.1% 2.5% 2.8% 2.3% 2022 2023 3Q24 2024 2022 2023 3Q24 2024
Slide 57: Risk: NPE and Cost of Risk Development by Business Segment
Risk: NPE and Cost of Risk Development by Business Segment Consumer SME Mortgages Large Corporates Public Finance €m €m €m €m €m NPE Coverage Ratio1 78.7% 80.8% 81.5% 68.6% 81.8% 77.6% 77.4% 82.0% 80.2% 91.0% 78.1% 84.1% 61.8% 73.2% 59.1% 8.2% 7.1% 5.8% 6.2% 4.8% 4.5% 4.5% 3.7% 3.5% 4.0% NPE Ratio2
Slide 58: Risk: CHF Loans Significantly Managed Down
Risk: CHF Loans Significantly Managed Down CHF portfolio overview CHF status across countries €m • Several CHF initiatives rejected because parliamentary constitutional service % of Total 5.5% 4.4% 3.4% 2.0% 1.7% 1.3% 1.1% 0.9% 0.8% classified such drafts as unconstitutional and unlawful under Europ
Slide 59: Capital: Capital Requirements & Guidance Going Forward
Capital: Capital Requirements & Guidance Going Forward Capital requirements as of 2024 (excluding P2G) • Unchanged at 3.25% P2R • At least 56.25% must be held in CET1 22.0% 22.0% 22.0% 2025 capital and at least 75% in Tier 1 capital • Yearly review as part of SREP • Systemic Risk Buffer for Addiko G
Slide 60: Capital: Further Details
Capital: Further Details Breakdown of capital position1 Fully-loaded No dividend deducted in Addiko is using the standardised 22.0% 2024 due to ECB 20.4% 20.3% 20.4% 21.1% recommendation in light approach for its RWA calculation with of current shareholder most of its RWAs stemming from credit situa
Slide 61: Capital: Capital Position Remains Strong
Capital: Capital Position Remains Strong Capital development fully-loaded % CET1/TCR, YTD, RWAs fully-loaded in €mn RWAFL 3,653 3,694 3,692 3,616 3,671 0.09% 0.34% 0.10% 1.26% 0.10% 0.05% 0.23% 0.04% 0.02% 0.01% 0.44% 0.30% 0.00% CET1/ TCR fully-loaded 22.0% 21.1% 20.4% 20.3% 20.4% 1 2023 OCI Reg. &
Slide 62: 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 2024, €m 2024, €m Large Public Corporate Finance Mortgages 6013 175 3,033 Corporate Center 494 Consumer Total: 8
Slide 63: 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