Patria Bank SaBVB: PBK

Q1 2026 Report

· Issued by Patria Bank Sa

Ǥe PATRIA BANK





For the period ended:

March 31, 2026



PATRIA BANK S.A.



Registered office: Globalworth Plaza, 42 Pipera Road, 8th and 10th floors, Bucharest 020309, Romania

Fiscal code: RO 11447021 | J2016009252405

Share capital: 327,881,437.60 RON







+40 800 410 310 capital@patriabank.ro https://www.patriabank.ro



Table of contents

Q1'26 Key performance indicators 4

Q1'26 Key financial indicators 5

Q1'26 Macroeconomic context 6

Q1'26 Summary 8

Q1'26 Financial results 10

Q1'26 Commercial activity 15

About Patria Bank 23

Activity of subsidiaries 25

Activity on the Bucharest Stock Exchange 27

Significant transactions 29

Annexes 29

Statement 30

This Report meets the publication requirements set forth by Law no. 24/2017 on issuers of financial instruments and market operations, the Regulation of the Financial Supervisory Authority (ASF) no. 5/2018 on issuers of financial instruments and market operations, and the Bucharest Stock Exchange Code.

The standalone interim financial statements presented on the following pages have been prepared in accordance with the International Financial Reporting Standards applicable to interim reporting, as adopted by the European Union ("IFRS"). The consolidated and standalone interim financial statements as of March 31, 2026 are unaudited.

The financial figures presented in the descriptive section of the report, expressed in RON thousand, have been rounded to the nearest whole number. This may result in minor rounding differences.

Q1 2026 Report 3

PATRIA BANK

Key performance

indicators

O1'26

e210é

Increase in the number of Patria Online users in Q1 2026 vs. Q1 2025



New loan sales



‌PERFORMING LOANS



in RON mn

PATRIA

"W CREDIT

Digitalization indicator

COMMERCIAL FINANCING

in RON mn

Standalone data







Key financial indicators

O1'26

‌NET BANKING INCOME

in RON mn

«§z PATRIA BANI£

COSTIINCOME RATIO

'Excluding the turnover tax introduced in

72%*

73%*

70%*



INCOME BREAKDOWN

in RON mn, for Q1 2026

PROFITABILITY

in RON mn

10.1



11.3

' ' '



G Net interest income 39.7

0 Net fees and commissions income 10.5

  1. Financial and other income 11.4

    8.1



    Q 1 2024



    Q 1 2025

    0 1 2026

    RETURN ON ASSETS (ROA)

    RETURN ON EQUITY (ROE)

    9.3%

    9.2%

    0.8%

    0.8%



    31.03.2024 31.03.2025

    31 03 2026

    31 03 202'1

    31 03.2025

    31.03.2026





    ‌Q1'26 Macroeconomic context

    Gross domestic product fell by 0.2% in the first quarter of 2026, compared to the previous quarter.

    GDP 2020-2025

    Compared to the same quarter in 2025, GDP

    2020

    2021

    2022

    2023

    2024

    2025

    2026F

    decreased by 1.7%. However, the Institute of

    5.75.3

    4.1

    Statistics revised the data for last year and recalculated that in the third quarter of 2025 (immediately after the VAT increase) there would have actually been a stagnation of the economy, which would mean that, technically, Romania only entered recession in October.

    2.6

    2.1

    .4

    0

    0.80.4 0.7 1 0.60.8

    -3.7

    -5.7

    GDP RO GDP UE

    In April, annual inflation rose to 10.7%, following a monthly price advance of +0.84% compared to the previous month. This very high level was fueled by adverse supply shocks caused by the war in Iran but also by an unexpected increase in rents.

    9.0

    8.0

    7.0

    6.0

    5.0

    4.0

    3.0

    2.0

    1.0

    -

    % Real GDP growth, average 2015-2025

    IE CY PL HR RO GR HU LT PT ES CZ DK NL LV EE LU FR IT FI DE

    Public budget deficit

    8.4

    5.1

    3.5 3.4 3.1 2.9

    2.5 2.3 2.3 2.3 2.2 2.2 2.0 1.9

    1.8 1.8

    1.2 1.1 0.9 0.8

    The public deficit totaled approximately 1% of GDP in the first quarter of 2026, below last year's recorded level of 2.2% for the first 3 months of 2025. The lower level was determined by the decrease of expenditures compared to those established in the budget plan.

    In nominal terms, the net deficit was RON 22 billion at the end of March 2026, compared to RON 44 billion in 2025. The fiscal-budgetary measures approved in 2025 are intended to support this year's deficit target, which is expected to be around 6% of GDP, according to the latest statements from the Ministry of Finance. For the moment, the European Commission's forecasts for 2026 place the budget deficit at 6.2% of GDP.

    Q1 2026 Report

    6

    180

    160

    140

    120

    100

    80

    154

    135

    113

    Public debt % GDP 2024

    102 95

    82

    74

    65 63 63

    55 55

    20

    15

    10

    5 1.80

    3.50

5.30

Inflation 2020-2025

4.70

14.201

8.40

10.30

5.66

6.60 5.70 5.50 5.45

9.6010.30

6.40

9.69

9.87

4.40

60

47 47 44 43

40

20

-

41 38

31

26 24 24

00.3 2.20

3.90 2.90 2.7

1.9 2.0 2.0 2.6 2.3

GR IT FR ES PT FI HU CY HR DE PL RO MT LV CZ NL IE LT DK LU BG EE

EU CPI RO CPI

Banking sector ratios

The Non-Performing Loans ratio (NPL) was 2.69% at the end of Q4 2025, down from 2.87% at the end of Q3 2025 and above the level of 2.48% in Q4 2024.

The total assets of the banking system rose to approximately RON 957 billion in December 2025, compared to RON 907.3 billion in September 2025, marking a quarterly advance of approximately RON 13 billion and an annual increase of approximately RON 77 billion compared to December 2024 (approximately RON 881 billion).

The banking system recorded a net profit of approximately RON 16.1 billion at the end of 2025, and in Q4 the return on assets (ROA) was 1.68%, while the return on equity (ROE) was 17.63%, slightly below the level of 18.41% (ROE) in Q3 2025. The loan/deposit ratio remained relatively stable, standing at approximately 67% in Q4 2025, compared to 68.79% in Q3, indicating the maintenance of a balanced pace between lending and deposits. The solvency indicator was 24.36% in December 2025, above the level of 23.91% from Q3 2025, but slightly below the level of 24.91% from Q4 2024.

Q1 2026 Report 7



‌Q1'26 Summary

Bank

3M up to 31.03.26

3M up to 31.03.25

Variation

Net banking income (RON thousand)

61,867

56,764

9%

Operational expenses (RON thousand)

-43,158

-41,661

4%

Turnover tax

-3,748

-1,204

211.3%

Net cost of risk (RON thousand)

-5,672

-3,268

74%

Net result (RON thousand)

11,257

10,056

12%

Cost/income ratio

69.8%

73.4%

-3.6 p.p.

Cost/income ratio (w/o turnover tax)

63.7%

71.3%

-7.6 p.p.

ROE

9.2%

9.3%

-0.1 p.p.

31.03.26

31.12.25

Variation

Total net loans (thousand RON)

2,801,377

2,788,615

0%

Total deposits (thousand RON)

4,124,733

4,098,978

1%

Loans (gross value) / deposits

71.5%

71.1%

0.4 p.p.

Key figures

Financial results

Loans and deposits

On March 31, 2026, Patria Bank recorded a net profit of RON 11.3 million for the first three months of the current year, representing an increase of 12% compared to the same period of the previous year. This performance achieved reflects the cumulative impact of multiple initiatives aimed at strengthening commercial performance, reinforcing the financial position and optimizing the results, supported by effective risk management.

The Bank has proved a solid capacity for adaptation and sustainable growth by implementing an integrated strategy that led to increased profitability and streamlined operational processes. The decrease in the cost/income ratio (excluding VAT) by -7.6 p.p. compared to March 2025 confirms a prudent and efficient financial management, as well as the solidity of the business model, in the context in which the turnover tax recorded an increase of over RON 2.5 million compared to Q1 2025.

The Bank also had the capacity to absorb additional expenses with provisions, mainly driven by the growth of the loan portfolio and the increase in the volume of newly originated loans. At the same time, the Bank managed to cover both the additional costs and the increase of some existing expenses, especially the doubling of the Turnover Tax from 2% to 4%, applicable starting from July 2025, by generating additional operational revenues.

These developments supported the improvement of profitability indicators (ROA and ROE) and contributed to reporting an Operating Result increasing by 24% compared to the same period in 2025.

The main financial milestones achieved as of March 31, 2026 are presented below:

  • Total assets grew by 2.2% compared to December 2025 and by 17% compared to March 2025, supported by the performing loans portfolio expansion and a prudent but profitable investment policy.

  • Increase in net banking income by 9% in the 3 months of 2026 compared to the same period in 2025, due to the expansion of the commission income and financing activity, by diversifying products and services and the increase in customer transactional behavior

  • The taxation level reported by the Bank as of March 31, 2026, calculated by considering the combined impact of the corporate income tax and the turnover tax, results in an effective tax rate of 33%. This level of taxation is comparable to that of developed Western European countries such as Italy, France, the Netherlands, and Spain.

  • Maintaining an optimal balance sheet structure of the bank, the loan-to-deposit ratio registered a level of 72% compared to 71% at the end of 2025.

  • Increase in Loans and advances granted to customers with RON 33 million (+1%) compared to end of 2025 reflects a resilient evolution of the portfolio, supported by the consolidation of commercial relations and the continuation of financing the real economy, while maintaining prudent risk standards and maximizing income. The annual growth rate of 12% (RON +299 million) confirms the continuity of development in the Bank's strategic segments - SME, Micro, Corporate and Agro & Food.

  • Increase in debt investments by 18% compared to December 31, 2025 by temporarily placing excess liquidity at competitive yields according to capital market conditions.

  • Maintaining a solid capital base, reflected in the Total Own Funds Ratio of 20.39%. The orientation towards higher-yielding investments, especially loans and debt securities, determined the increase in risk-weighted assets, thus causing the decrease in the Total Own Funds Ratio compared to December 2025. Another impact on the level of Own Funds, was the cessation of the application of the temporary treatment provided for in paragraphs (1) and (2) of Article 468 of Regulation (EU) No. 575/2013, which provided for the mitigation of the negative effects generated by variations in the fair value of securities.

‌Q1'26 Financial results

Bank's Financial position as at 31.03.2026 compared with 31.12.2025

FINANCIAL POSITION STATEMENT

Thousand RON

ASSETS

31-Mar-26

31-Dec-25

Mar.26/

Dec.25 (%)

600,537

789,312

(24%)

19,419

19,201

1%

1,657,080

1,410,264

18%

42,296

42,296

0%

2,820,114

2,787,087

1%

274,771

251,624

9%

5,414,217

5,299,784

2%

Cash and cash equivalents Loans and advances to banks

Securities

Investment in subsidiaries

Loans and advances to customers, net Other assets

Total ASSETS

LIABILITIES

31-Mar-26

31-Dec-25

Mar.26/ Dec.25 (%)

Due to banks & REPO

541,678

452,960

20%

Due to customers

4,124,733

4,098,978

1%

Other liabilities

89,911

88,007

2%

Subordinated debt

101,638

102,719

(1%)

Debt securities in issue

66,562

67,563

(1%)

4,924,522

4,810,227

2%

489,695

489,557

0%

5,414,217

5,299,784

2%

Total Liabilities Total Equity

Total LIABILITIES AND EQUITY

Thousand RON

Gross loans

Performing loans Non-performing loans

31-Mar-26

2,950,761

2,801,377

149,384

31-Dec-25 Mar.26/ Dec.25 (%)

2,914,188 1.3%

2,788,615 0.5%

125,573 19.0%

Impairments

Performing loans provisions Non-performing loans provisions

(130,647)

(54,751)

(75,896)

(127,101)

(58,604)

(68,497)

2.8%

-6.6%

10.8%

Net loans

2,820,114

2,787,087

1.2%

Net performing loans

Net non-performing loans

2,746,626

73,488

2,730,011

57,076

0.6%

28.8%

Total assets, of RON 5.4 billion, show a balanced increase with RON 114 million compared to the end of 2025, due to the increase in investments in Government bonds, as well as by developing the portfolio of loans granted to customers.

The loan portfolio (gross value) records a solid increase of 12%, RON +314 million, compared to March 31, 2025, generated mainly by the expansion of loans granted to companies in the SME, Corporate and Agricultural financing sectors. In structure, an increase of the performing loan gross portfolio by 11%, RON +280 million was noticed.

Investments in government bonds registered a portfolio increase by 18% compared to 31.12.2025, contributing to the improvement of the balance sheet structure and the consolidation of interest income.

Customer liabilities remained stable compared to December 31, 2025, reflecting the Bank's prudent funding and liquidity management policy. The institution sought to optimize the cost of funding through a more selective approach to high-value and high-cost deposits, while directing the attraction of resources towards shorter maturities and a more efficient cost profile.

This strategy allowed to reduce the cost of financing both in RON and in foreign currency, contributing to maintaining an optimal level of liquidity. In parallel, the Bank continues to develop current and overnight accounts, as well as collateral deposits that ensure a competitive cost and reduced volatility, in close correlation with the lending activity and trade finance operations.

Interbank funding shows an increase of RON 89 million, in close correlation with the expansion of assets and the financing diversification strategy in a mix adapted to market conditions from the perspective of duration, currency and funding cost.

Equity remained stable compared to December 31, 2025, an evolution mainly influenced by the creation of negative reserves from the mark-to-market of the government bonds portfolio on March 31, 2026, amid the volatility generated by the conflict in the Persian Gulf. This temporary market effect was recorded despite the profit of RON 11.3 million obtained in the first quarter of 2026, confirming the Bank's ability to generate internal capital and maintain a solid solvency position. At standalone level, the capital adequacy ratio (Total Own Funds Ratio) is 21.36%, above the regulatory limit and slightly below the level recorded at the end of 2025 (22.27%), mainly due to the decrease in Total Own following the cessation of the application of the transitional measures regulated by Article 468, paragraphs (1) and (2) of Regulation (EU) No. 575/2013 as well as the increase in risk-weighted assets (development of lending activity). At consolidated level, the capital adequacy ratio (Total Own Funds Ratio) is 20.04%, above the regulatory limit.

The Total Own Funds Ratio as of March 31, 2026, both at standalone and consolidated level, does not incorporate the profit reported as at the date mentioned.

Financial results (standalone level)

FINANCIAL PERFORMANCE STATEMENT

3M up to 3M up to

Δ 2026/

The main elements recorded, compared to the same period last year:

Thousand RON

31.03.26

31.03.25

2025 (%)

Net interest income

39,969

40,280

(1%)

Net fees and commission income

10,540

9,292

13%

Net gains from financial activity & other income

11,358

7,192

58%

Net banking income

61,867

56,764

9%

Staff costs

(19,670)

(19,510)

1%

Depreciation and amortization

(5,924)

(5,919)

0%

Other operating and administrative expenses, out of which:

(17,564)

(16,232)

8%

Turnover tax

(3,748)

(1,204)

211%

Total operating expense

(43,158)

(41,661)

4%

Operating result

18,709

15,103

24%

Net impairment of financial assets

(5,672)

(3,268)

74%

Profit before tax

13,037

11,835

10%

Income tax expense for the year

(1,780)

(1,779)

0%

Net profit for the period

11,257

10,056

12%

Net banking income increased by 9% compared to the same period in 2025, driven primarily by a 58% rise in revenues from financial activities. Net commission income also supported this positive trend, advancing by 13%, which reflects a well-balanced mix of revenue sources and the Bank's strengthened ability to generate recurring results through the continued diversification of its product and service portfolio.

Regarding interest income, the Bank presents a significant increase of 13% compared to the same period of the previous year. This development was primarily driven by higher income from debt securities, generated by the temporary investment of excess liquidity, which rose by 40%. Additionally, income from the customer loan portfolio increased by 6%. Interest income from loans grew by RON 3.8 million compared to the same period last year, directly reflecting the expansion of the loan portfolio.

Interest expenses rose by 28% compared to the same period in 2025. This increase was driven both by higher interest paid to customers and by the growth in the volume of customer-attracted funding. This evolution was also influenced by the increase in the level of interbank financing.

Operational expenses registered a moderate evolution compared to the same period of the previous year, mainly influenced by the increase in turnover tax from 2% to 4%, a component that contributed approximately RON 1.4 million to the total level of additional expenses.

The net cost of risk follows a prudent evolution, without indicating a significant deterioration in the quality of the portfolio. The Bank records net impairment adjustments worth RON 5.7 million in the first 3 months of 2025 compared to RON 3.3 million in the same period of the previous year, an expected level for the first part of the year considering the existing macroeconomic conditions. The increase in the cost of risk is controlled and reflects both the advance of the loan portfolio and the adaptation to the new macroeconomic conditions. Fiscal measures, the decrease in consumption, high inflation and the increase in the cost of financing have influenced the risk profile of more vulnerable clients, which is observed in the moderate increase in the value recorded by the CoR level and in the slight growth in the NPL ratio, the latter registering a controllable level of the non-performing loans rate. These developments do not indicate a depreciation of the loan portfolio, but rather a natural, temporary adjustment to the difficulties of the economic environment resulting from the current economic context. The Bank continues to carry out a careful process of monitoring the loan portfolio and to apply the necessary prudential measures, to ensure an appropriate and balanced management of credit risk, in an economic environment characterized by uncertainties.

The taxation level reported by the Bank as of March 31, 2026, calculating the cumulative impact of profit tax and turnover tax, determines an implicit tax rate of 33%, similar to developed countries in Western Europe, such as Italy, France, the Netherlands and Spain.

The Bank reported a positive operating result of RON 18.7 million for the first three months of 2026 and a net profit of RON 11.3 million, representing a 24% increase compared to March 2025

Quarterly net banking income

RON mn

Quarterly operating expenses

RON mn

Q1'2025

Q2'2025 Q3'2025

Q4'2025 Q1'2026

Q1'2025 Q2'2025 Q3'2025 Q4'2025 Q1'2026

Operating result

RON mn

Net result

RON mn

10

Q1'2025 Q2'2025 Q3'2025 Q4'2025 Q1'2026

Q1'2025 Q2'2025 Q3'2025 Q4'2025 Q1'2026

Q1 2026 Report

13

11

11

14

16

15

17

19

20

24

43

43

42

43

48

57

60

62

67

68

Economic financial indicators

Ratios 31-Mar-26 31-Dec-25 31-Mar-25

20,39%

22,27%

19,73%

11,34%

10,35%

11,76%

72%

71%

72%

55%

55%

57%

134%

151%

134%

42%

42%

39%

31%

27%

28%

0,8%

1,0%

0,9%

9,2%

11,0%

9,3%

70%

70%

73%

64%

64%

71%

5,2%

4,4%

4,5%

4,4%

3,6%

3,9%

52,7%

56,3%

56,6%

  1. Total Own Funds Ratio

  2. Potential change in economic value according to EBA Guidelines on IRRBB (EVE/ FP1)

  3. Loans (gross value) / Customer deposits

  4. Loans (gross value) / Total assets

  5. Liquidity Coverage Ratio (LCR)

  6. Liquid assets / Total assets

  7. Debt securities and equity instruments / Total assets

  8. Return on assets ratio (RoA)

  9. Return on equity ratio (RoE)

  10. Cost/income ratio

  11. Cost/income ratio (less the turnover tax)

  12. Non-Performing Loans (NPL)*

  13. Non-Performing Exposures (NPE)*

  14. Coverage NPL (**)

(*) As per standalone FINREP

(**) As per the presentation for the calculation of the systemic risk buffer

The consolidation of the bank's profitability is also reflected in the increase in profitability ratios, ROE and ROA reaching similar values with the ones recorded as of March 31, 2025, of 9.2% (ROE) and respectively of 0.8% (ROA).

Operational efficiency - the cost/income ratio as at 31.03.2026 incorporates the 4% turnover tax expense, applicable to credit institutions starting in amount of RON 3.7 million, in the absence of which, the cost/income ratio would have been 64%.

Q1'26 Commercial activity

‌Banking activity for legal entities

In the first 3 months of 2026, Patria Bank strengthened its commercial activity, with a strategic focus on the SME, Micro, Corporate, and Agro&Food segments, through dedicated solutions and initiatives in sustainability and green financing.

The MICRO segment benefited from fast and accessible products for entrepreneurs, representing financing for working capital, factoring, and investments, including projects supported by European funds. The Bank emphasized flexibility and personalized advisory services, tailoring processes and products to the specific needs of various types of legal entities, ensuring a high-quality process with an impact at the individual, business and community levels.

In the SME sector, Patria Bank continued to play an active role in financing the real economy, supporting entrepreneurs through flexible lending products and strategic partnerships. The SME loan portfolio reached RON 822 million at the end of March 2026, marking a 2.6% increase compared to December 2025 and a 12.6% increase compared to March 2025. The accelerated growth reflects both a positive credit demand trend and a strengthened commercial execution capacity.

The performance is supported by the development of operational flows dedicated to the SME segment, with improved response times and simplified processes. There has been a solid increase in financing for investments and working capital, focusing on sectors with a high contribution to the economy: commercial real estate, trade, manufacturing, construction and residential.

In the CORPORATE segment, Patria Bank continued to support large companies through complex and structured solutions, tailored to the specific needs of strategic projects. The Corporate portfolio reached

RON 535 million at the end of March 2026, up 4% compared to March 2025, reflecting a consistent acceleration of commercial activity and a strong investment appetite.

The financing focused on sectors such as green energy, real estate, infrastructure, transportation, HORECA, technology, and services. The Bank offered both long-term investment loans as well as short-term working capital financing products, such as factoring and credit lines, to ensure financial flexibility and to support clients' development plans.

At the same time, Patria Bank strengthened relationships with corporate companies through consultative approaches and customized financial structures, which allowed the attraction of projects with significant economic impact. The development directions aimed at strengthening presence in the energy and real estate sectors and expanding into emerging industries with high growth potential, positioning the bank as a strategic financial partner for investors and major operators in the economy.

In the AGRO & FOOD sector, Patria Bank actively supported both the financing of agriculture and the development of the food industry, covering the entire agri-food chain. In the agriculture, the Bank financed seasonal working capital, the purchase of equipment, and the modernization of farms, facilitating farmers' access to advanced technology.

At the same time, Patria Bank paid increased attention to financing the food industry, supporting working capital, expanding processing capacities and modernizing production units, contributing to increasing added value and strengthening the local supply chain. Financing for projects with European funds continued to represent a strategic priority, both for farms and for companies in the processing sector.

Despite the impact of the soil drought in previous years and the liquidity pressures felt in the primary agricultural sector, the quality of the AGRO & FOOD portfolio remained solid, as a result of proactive monitoring of the client portfolio, the support measures implemented and the diversification of exposure to the food industry, with a more stable risk profile.

Thus, in the first three months of 2026, Patria Bank confirmed its role as a relevant financial partner for Romanian companies, strengthening its market position through flexible, sustainable solutions adapted to the specific needs of each sector.

Overall, in the first quarter of 2026, Patria Bank continued to operate in an economic and financial environment characterized by significant challenges, maintaining a prudent and disciplined approach to risk management, while supporting clients and strategic sectors of the economy. The bank's strategy remained oriented towards sustainable growth, strengthening portfolio quality, and developing long-term relationships with clients, in an economic context that continues to favor resilience, adaptability, and financial discipline.

Outstanding loans

The level of outstanding performing loans granted to companies recorded a positive evolution compared to December 2025, respectively an increase of 1%. In the first 3 months of 2026, the Bank continued to focus on increasing the loan portfolio and supporting Micro companies and small companies, further exploiting, for the benefit of clients, the loans with guarantees issued by the European Investment Fund (InvestEU Program) but also on lending to SME companies, supporting both investments and current activity.

The agricultural segment continued to be one of the priority segments for lending activity. The significantly improved performances in the first

Outstanding loans balance Legal entities

RON mn

2.201

2.209

2.224

2.129

1.993

1.788

1.838

30.09.2024 31.12.2024 31.03.2025 30.06.2025 30.09.2025 31.12.2025 31.03.2026

three months of 2026 are, first of all, the result of the consolidation of Patria Bank's commercial team, the focus on increasing profitability of existing clients but also on attracting new clients, as well as the improvement of internal processes and the renewal of the product portfolio.

Thus, the Agro&Food Division reported a 13% increase in the loan portfolio in the three months of 2026 compared to the end of last year. The demand for financing from Romanian farmers in the period analyzed by the Bank reflects a positive dynamic fueled by the working capital needs of farmers, as well as the growing interest in projects with European funds.

Outstanding loans in

Variation

Variation

stages 1&2

31.12.2024

31.03.2025

30.06.2025

30.09.2025

31.12.2025

31.03.2026

31.03.26 vs

31.03.26 vs

(RON Th equiv.)

31.12.25

31.03.25

Agro

302,610

344,490

401,340

430,268

404,545

456,313

13%

32%

Micro

380,786

404,337

438,581

442,873

420,253

410,041

-2%

1%

SME

674,958

730,222

760,702

781,620

801,427

822,486

3%

13%

Corporate

479,448

514,225

528,748

546,396

582,891

534,702

-8%

4%

Total

1,837,802

1,993,275

2,129,371

2,201,156

2,209,116

2,223,542

1%

12%

New loan sales

In the first three months of 2026, new loan sales in the corporate segment increased by 34% compared to Q4 2025.

In the first quarter of 2026, the macroeconomic context in Romania continued to be characterized by persistent inflation, the maintenance of interest rates at high levels, fiscal consolidation, and moderate economic decrease, elements that directly influenced lending activity and the appetite for financing in the economy. The maintenance of financing costs at high levels and the local and international geo-politic context led to a more selective approach in the banking market, with an increased focus on portfolio quality and risk

New loans sales Legal entities

RON mln

408

330

324

312

280

261

263

209

345

Q1'2024 Q2'2024 Q3'2024 Q4'2024 Q1'2025 Q2'2025 Q3'2025 Q4'2025 Q1'2026

management, in parallel with a more conservative approach of entrepreneurs regarding investment plans.

In this context, Patria Bank has continued to pursue a strategy of prudent growth, focused on the customer segments where the bank has consolidated expertise and a competitive advantage, namely SMEs, Agro&Food, Microfinance, and individual clients.

In the MICRO segment, financing was focused on covering working capital needs, but also on financing investments, including long-term ones, both subsegments having a positive dynamic, having in view the current context. The flow-analysis adjustments are expected to contribute to a positive dynamic in the coming quarters, meeting clients' needs for quick solutions and coverage of financing. The Bank also maintains its specific and differentiated approach in the area of very small non-agricultural businesses and small agricultural businesses, a strategic segment for the microfinance area.

In the SME segment, cumulative sales for 3 months 2026 were 64% higher than in Q4 2025, reaching RON 90 million. In the Corporate area, sales for Q1 2026 were 55% higher than in Q4 2025. The growth comes mainly from investment projects with longer maturities and from an acceleration in demand for structured products and mixed-purpose credit lines, which confirms the bank's attractiveness for medium and large companies.

The SME segment has remained one of the main pillars of lending activity, Patria Bank maintaining its focus on financing clients with viable business models, predictable cash flows, and good capacity to adapt to economic volatility. The demand for working capital products, factoring, and financing supported through guarantee programs remained active, especially in sectors with high resilience.

The financing activity for clients in the Corporate segment, Patria Bank aimed to consolidate relationships with existing clients and to develop financing for companies with a solid financial profile, stable competitive positions, and sustainable development prospects. At the same time, the quarter was marked by a higher level of early repayments, especially in the corporate segment, due to certain clients optimizing their financing structure and a more volatile market context. The impact of these repayments was offset by commercial activity and volumes generated from new sales, which allowed maintaining

balanced commercial dynamics and continuing the development of the portfolio on a prudent basis. The bank's attention focused especially on sectors considered resilient and with medium-term growth potential, while at the same time maintaining a cautious approach towards areas more strongly exposed to economic volatility and high operational costs.

In the AGRO&FOOD segment, the Bank continued its strategy to acquire new customers through financing and refinancing of investments, in the medium and long term. This strategy is still being implemented, with a focus on financing land acquisitions, equipment, irrigation systems and storage spaces. Since, in the Agro segment portfolio, the largest share is represented by the financing of vegetable crops, the Bank has as its strategic direction both the diversification of exposure within this segment and the development of the Food segment, as a complementary pillar, in order to balance the portfolio and capitalize on opportunities in the agri-food chain. Regarding the structure of financing demand in the first three months of 2026, it shows a clear focus on working capital loans, used both for the establishment of crops and for the payment of input suppliers. Financing the food industry customer segment represented 40% of total loans granted in the first quarter of 2026. Compared to the same period in 2025, financing recorded a significant advance of 67%. Financing for investments decreased slightly, but there is an increase in the appetite of medium and large farmers for projects implemented with European funds, especially in animal husbandry, in the pig and poultry sectors. Agriculture continued to represent a strategic segment for Patria Bank, in line with the Bank's traditional positioning in supporting the rural environment and agricultural entrepreneurship. Despite the challenges generated by climate volatility and fluctuations in commodity prices, the demand for financing dedicated to agricultural activities, investments in machinery, working capital, and projects supported by European funds remained active. The Bank continued to support clients in this sector through solutions adapted to the specifics of agricultural activity and by maintaining a prudent approach to risk assessment.

In the SME & CORPORATE segment, the first 3 months of 2026 were marked by the consolidation of the Bank's position as a strategic financial partner for projects with major economic impact. During this period, significant financings were successfully completed in key sectors such as HORECA, infrastructure, green energy and commercial real estate, reflecting both the investment appetite of companies and the Bank's ability to structure flexible and competitive solutions.

Green energy remains a strategic priority for the economy and for the Bank, with a clear focus on the solar energy segment, where energy production and efficiency projects were financed. These initiatives contribute to the national energy transition and emission reduction objectives, while strengthening the Bank's positioning in the sustainable financing segment. In the infrastructure area, the Bank continued to provide non-cash facilities, supporting complex projects with a strategic role in regional economic development. These financings contribute to increasing the competitiveness of companies and boosting public and private investments. The medium-term strategy remains oriented towards sectors with high growth potential and structural impact on the economy.

New loans

sales (RON Th.

equiv.)

Q1 2024

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Variation

Q1 26 vs

Q4 25

Variation

3M 26 vs

3M 25

Agro

49.854

51.713

70.976

64.319

69.148

96.415

66.404

71,439

115,585

62%

67%

Micro

42.292

48.082

64.746

69.216

67.630

61.832

66.749

67,235

49,773

-26%

-26%

SME

74.125

89.217

163.361

123.058

128.357

132.103

114.052

54,530

89,516

64%

-30%

Corporate

94.670

73.810

45.576

73.900

142.800

33.700

64.947

16,000

24,838

55%

-83%

Total

260.942

262.822

344.660

330.493

407.935

324.049

312.152

209,203

279,712

34%

-31%

Commercial funding (current accounts & term deposits)

Commercial funding increased by 18% compared to same period last year. This growth in collected sources was driven by the strong performance of the SME and Corporate segments. The Bank's strategy was to increase competitiveness in terms of prices offered in the short-term maturity segment (1 - 3 months) considering the decreasing trend of interest rates. The Bank also obtained in the first 3 months of 2026 a significant reduction in the funding cost related to commercial sources, by reducing concentrations in the liquidity area and increasing current account turnover.

Retail Banking activity

Commercial funding balance - Legal entities

RON mn

1.885

1.885

1.687

1.695

1.591

1.599

1.211

30.09.2024 31.12.2024 31.03.2025 30.06.2025 30.09.2025 31.12.2025 31.03.2026

In the first 3 months of 2026 the demand for lending products (secured and unsecured) stagnated throughout the banking system. It is worth mentioning that there were divergent developments between the two types of loans (consumer versus mortgage). Patria Bank continued to actively promote the products from the existing portfolio, both through the territorial units and through the Patria de Oriunde platform.

The volume of secured and unsecured loans granted by the Bank in the first 3 months of 2026 amounted to RON 58.4 million, representing a 3% decrease compared to the same period in Q1 2025, caused by the macroeconomic context (lower appetite for consumption).

The high level of interest rates and persistent inflation have influenced consumer behavior and appetite for credit. In an environment characterized by increased caution from clients, Patria Bank has continued to promote responsible financing products and solutions tailored to the needs of retail clients, with an emphasis on cost predictability and the sustainability of the debt level. At the same time, the Bank has continued to develop digital services and simplify client interactions, with the aim of improving the banking experience and increasing the accessibility of financial services.

Although secured loans still have a reduced value in total lending activity, namely RON 10.2 million in the first 3 months of 2026, there is a trend of increased sales, compared to the similar period in 2025, by 17.45%.

New unsecured loan volumes remained predominant in the first 3 months of 2026, with a contribution of RON 48.9 million, or 82.55% of the total new loan volumes granted in this segment. The Bank's strategy is to increase the contribution of secured lending in total loans to individuals to consolidate the portfolio and maintain a balanced balance between the two categories. The Bank will continue to actively promote existing products, in RON and EUR, both through its own sales force and through intermediary partners (brokers and lead providers). The penetration rate of loans sold with insurance in total loans has reached 85%. In this context, it is also relevant that Patria Bank increased the ceiling of the unsecured personal loan product up to RON 250,000.

Retail performing loans

RON mn

Secured Unsecured

Retail new loans sales

RON mn

Secured Unsecured

221

229

228

237

254

265

267

303

306

305

298

301

311

323

55

51

37

36

29

20

19

12

10

10

8

8

6

7

39

48

58

60

.

30.09.2024 31.12.2024 31.03.2025 30.06.2025 30.09.2025 31.12.2025 31.03.2026 Q1'2024 Q2'2024 Q3'2024 Q4'2024 Q1'2025 Q2'2025 Q3'2025 Q4'2025 Q1'2026

For term deposits, the Bank recorded a 9% increase compared to the same three-month period in 2025, accompanied by a 2% rise of the current accounts balances.

Starting in Q1 2026, promotional efforts for savings products were intensified, supported by campaigns aimed at attracting new customers, including the four-months term deposit campaign.

Commercial funding balance - Retail customers

RON mn

Term deposits Current accounts

1.819

1.889

1.900

1.779

1.766

1.735

1.772

312

329

319

317

304

323

325

30.09.2024 31.12.2024 31.03.2025 30.06.2025 30.09.2025 31.12.2025 31.03.2026

Patria de Oriunde

In the first 3 months of 2026 the Bank continued the intense promotion of the online platform "Patria de Oriunde" by broadcasting campaigns for deposits purchased in RON and respectively for consumer loans without real estate collateral, through radio and TV promotion.

Patria Online

The Internet & Mobile Banking platform of Patria Bank has been expanded continuously by adding new functionalities and digital services options for clients, as well as security updates.



+21% increase in number of Patria Online users in the first 3M of 2026 vs. first 3M of 2025



+19% increase in number of transactions executed via Internet & Mobile Banking platforms in the first 3M of 2026 vs. first 3M of 2025

Digitalization

Patria Bank continued the process of innovation and digitalization, both in the commercial and operational areas. The main directions include the expansion of lending and products for microenterprises and SMEs, the launch of new digital solutions for corporate clients (Smart API, optimized enrollment flows, Mobile and Internet Banking), as well as the introduction of specialized products such as the "Protection Account" and the optimization of credit and card flows. These projects strengthen the digital experience of customers and support the development of the strategic segments Agro, SME and Corporate.

‌About Patria Bank

Patria Bank SA is a joint stock company using a one-tier corporate model, licensed as a credit institution for carrying out banking activities in Romania according to Emergency Ordinance of Government (EOG) no. 99/2006 on credit institutions and capital adequacy.

As at 31.03.2026 Patria Bank Group includes:



Patria Bank SA, credit institution authorized to carry out banking activities on the territory of Romania. The Bank offers banking services and other financial services to individuals and companies, having a market share in terms of assets of less than 1%. These services include: opening of accounts and term deposits, domestic and foreign payments, foreign exchange operations, financing for current activity, medium-term financing, issue of letters of guarantee and letters of credit.



Patria Credit IFN SA, a non-banking financial institution licensed by the National Bank of Romania (NBR) to perform lending activities in Romania, registered in the Special Register of Non-Banking Financial Institutions held by the NBR specialized in rural lending and microfinance. Patria Bank SA holds 99.99% of the share capital of Patria Credit IFN.



SAI Patria Asset Management SA and the six investment funds managed by the company - Patria Obligatiuni, Patria Global, Patria Stock, Patria Euro Obligatiuni, ETF BET Patria - Tradeville and ETF Energie Patria - Tradeville. The company is licensed by the Financial Supervisory Authority of Romania (FSA) for the management of investment funds and is 99.99% under the control of Patria Bank SA.

As at 31.03.2026 the Bank also holds a participation of 95.68% of the share capital of Carpatica Invest SA (formerly SSIF Carpatica Invest SA), a company currently undergoing judicial liquidation.

Shareholder structure

The structure of the Bank's shareholders holding at least 10% of share capital at 31.03.2026 is as follows:

Shareholder

No of shares

% Percent

EEAF FINANCIAL SERVICES BV. Amsterdam

2,755,927,215

85.10

Other shareholders - individuals

357,850,021

11.05

Other shareholders - companies

124,613,322

3.85

Total

3,238,390,558

100.00

Directors and Executives

As of 31.03.2026 the management of the Bank is as follows:

Board of Directors Executive Committee

Horia Dragos MANDA

Chairman

Grigore Valentin VANCEA

General Manager

Daniela ILIESCU

Member

Georgiana Mihaela STANCIULESCU

Deputy General Manager, Financial Division

Bogdan MERFEA

Member

Razvan Vasile PRODEA

Deputy General Manager, Risc Division

Nicolae SURDU

Independent member

Vasile IUGA

Independent member

Cristian NAE

Deputy General Manager, Commercial Division

Q1 2026 Report 24



‌Activity of subsidiaries

Patria Credit IFN

Patria Credit IFN SA is a non-banking financial institution (IFN) that supports the efforts of rural and small urban entrepreneurs, as well as their positive impact on their communities. Specialized in financing farmers, Patria Credit is a member of the European Microfinance Network (EMN) and Microfinance Center (MFC) and is the first non-banking financial institution dedicated to microfinance in Romania, with 30 years of experience and over 20,000 historically financed clients.

In Q1 2026, the company continued to provide loans tailored to the needs of its main segment, namely microfarms, thus consolidating its role as a dedicated microfinance institution. Its main activity was focused on supporting microfarms and small businesses, significantly contributing to their development. In addition, Patria Credit IFN plays an important social role in stimulating the development of local communities, facilitating access to funding for small entrepreneurs and farmers, which has a direct impact on sustainable economic growth and job creation in rural areas.

Thus, as of March 31, 2026, the portfolio structure was maintained, with a high concentration of loans granted to the micro-farms segment, respectively of 84%. Also, the high share of investment loans was maintained, respectively 77% of the portfolio. Regarding the guarantee structure, 85% of the portfolio is secured with guarantees provided by the European Investment Fund through various guarantee programs (Invest EU, EaSi).

On 31.03.2026, Patria Credit's loan portfolio had a value of RON 233 million, up 15% compared to December 2025. New loan sales recorded an increase of over 2% compared to the similar period of 2025. The net profit recorded on March 31, 2026 was RON 2.5 million.

Patria Credit aims to continue the external and internal digitalization process, as well as to actively engage with the NGO environment and relevant partners in creating new lending models and promoting good practices in sustainable agriculture.

Agriculture and rural development could be boosted this year by continuing the efforts to reduce the "distance" between producers and consumers by launching new and unique product sales platforms and by opening new distribution channels to large retailers.

Q1 2026 Report 25



3,247 active customers as of 31.03.2026 RON 233 mn

Loan portfolio

+2%

New loan sales in 2026

RON 2.5 mn

Net profit in Q1 2026

SAI Patria Asset Management

SAI Patria Asset Management SA, an investment management company authorized by the ASF, continued to increase its assets under management to RON 1.20 billion at the end of March 2026. The value reached at the end of Q1 represents an increase of 39% compared to the level of RON 860.4 million recorded at the end of 2025 and 133% compared to the level of RON 513.7 million recorded at the end of Q1 2025. The total assets managed by the company recorded an increase of 833% in the last three years ended on March 31, 2026.

This dynamic supported also the improvement of financial performance, with the company reporting on March 31, 2026 a net profit of RON 1.22 million, increasing more than three times compared to the net result of RON 0.39 million reported on March 31, 2025.

Patria Asset Management manages the only two ETFs (Exchange Traded Funds) established in Romania, Fund ETF BET Patria - Tradeville and Fund ETF Energie Patria - Tradeville.

Fondul ETF BET Patria - Tradeville replicates the structure and performance of the main index of the Bucharest Stock Exchange (BSE), BET, and is traded with the TVBETETF ticker symbol on the BSE. ETF BET Patria - Tradeville had assets of RON 1.10 billion as of 31.03.2026, up 41% from the asset level of RON 779.0 million recorded on 31.12.2025. The fund unit yield was +13.25% in the first three months of 2026 and +65.77% over the last 12 months ended 31.03.2026. The fund registered 43,267 investors as of 31.03.2026,

representing an increase from 33,317 investors on 31.12.2025 (+30%).

Fondul ETF Energie Patria - Tradeville is a sector ETF dedicated to the energy and related utilities sector, replicating the structure and performance of the BET-NG sector index of the BSE and is traded on the BSE with the PTENGETF ticker symbol. The Fund had assets of RON 78.2 million as of 31.03.2026, up from RON 48.7 million as of 31.12.2025 (+61%). The fund unit yield was +13.57% in the first three months of 2026 and of +67.47% for the last

12 months ended 31.03.2026. The fund registered 8,703 investors as of 31.03.2026, up from 6,307 investors as of 31.12.2025 (+38%).

Besides the two ETFs, Patria Asset Management also manages Patria Global and Patria Stock - RON diversified funds and Patria Obligatiuni - a RON fixed-income fund. The three funds are distributed through Patria Bank and through Patria Asset Management's own online platform for investment funds. Available at online.patriafonduri.ro, the platform offers easy access to the value of holdings and to online transactions for investing in or withdrawing money from the three funds.

Q1 2026 Report 26



RON 1.20 bn

managed assets as at 31.03.2026

+ 133% vs 31.03.2025

51,970

investors in 2

ETFs as at 31.03.2026

RON 1.22 mn

Net profit in the first 3M 2026

‌Activity on the Bucharest Stock Exchange

Patria Bank has three issues of financial instruments listed on the regulated market of the Bucharest Stock Exchange: the Bank's shares and two issues of subordinated bonds. The Bank's shares trade on the regulated market managed by the Bucharest Stock Exchange (the Premium category) with the PBK ticker symbol. The issue's ISIN code is ROBACRACNOR6.

After a relatively stable performance recorded in recent years, the Bank's stock price increased in the second half of the last year and during the first 2 months of the current year, following the publication of a notification by the major shareholder stating that they are exploring strategic options regarding their stake in Patria Bank. The closing price of PBK shares at 31.03.2026 was RON 0,1300/share, an increase of 61.5% compared to the price as at 31.03.2025 of RON 0.0805/share.



Patria Bank's subordinated bond issue issued in Euro on 20.09.2019, with a total value of EUR 5.0 million, a fixed interest rate of 6.50%/year and maturity on 20.09.2027 trades on the regulated market managed by the Bucharest Stock Exchange with the PBK27E ticker symbol. The ISIN code of the issue is ROZN0PQQARR5. The closing price of PBK27E bonds at the end of Q1 2026 as a percentage of the 500 Euro par value was 99.01% compared to 97.41% at the end of March 2025.



Patria Bank's subordinated bond issue issued in Euro on 05.10.2020, with a total value of EUR 8.2 million, a fixed interest rate of 6.50%/year and maturity on 05.10.2028 trades on the regulated market managed by the Bucharest Stock Exchange with the PBK28E ticker symbol. The ISIN code of the issue is ROWRHZRZD4L3. The closing price of PBK28E bonds at the end of Q1 2026 as a percentage of the 500 Euro par value was 98.97% compared to 97.00% at the end of March 2025.



‌Significant transactions

On March 9, 2026, a contract was signed with BRD Asset Management SAI SA for the sale of the 99.9944% stake held by Patria Bank SA in SAI Patria Asset Management SA. SAI Patria Asset Management SA is a subsidiary of Patria Bank, with the business activity of managing open-end investment funds, including managing the ETF BET Patria - Tradeville fund, the largest ETF-type fund in Romania. The base price of the transaction is EUR 5,499,578 and may be adjusted through deductions according to contractual mechanisms. The estimated impact of the transaction on the profit and loss account for 2026, assuming the transaction is completed at the base price, is approximately RON 26 million (gross gain from the transaction). The completion of the transaction, namely the payment of the final price and the transfer of the stake to BRD Asset Management SAI SA, is subject to usual precedent conditions for such transactions, such as obtaining the necessary approvals in accordance with applicable legal requirements, including but not limited to obtaining the approval of the acquisition project and of BRD Asset Management SAI SA, as a significant shareholder, by the Financial Supervisory Authority. Considering the usual precedent conditions whose fulfillment depends on third parties, there is no certainty as to whether the transaction will be implemented or completed in 2026.

During the first quarter of 2026, there were no other significant contracts concluded by Patria Bank regarding acquisitions, mergers, divisions, etc., or concerning major significant transactions with persons with whom it would act in concert or in which such persons were involved.

‌Annexes

  1. Primary Standalone and Consolidated Financial Statements as at 31.03.2026:

    • Consolidated and Separate Statement of Profit or Loss

    • Consolidated and Separate Statement of Other Comprehensive Income

    • Consolidated and Separate Statement of Financial Position

    • Consolidated and Separate Statement of Changes in Equity

    • Consolidated and Separate Statement of Cash Flows

    • Explanatory notes to the consolidated and standalone financial statements

      The financial statements for the first 3 months of 2026 have not been audited/reviewed by the independent financial auditor.

  2. Management's Statement regarding the assumption of responsibility for the preparation of the financial statements as at 31.03.2026.



‌Statement

We, the undersigned, Grigore Valentin Vancea, General Manager and Georgiana Mihaela Stanciulescu, Deputy General Manager, as the legal representatives of PATRIA BANK SA, in accordance with the provisions of art. 30 of the Accounting Law no. 82/1991 republished and of art. 65 para. (2) lit. c) of Law no. 24/2017 regarding the issuers amended by Law 11/2025 and of art. 223 lit. A para. 1 c) of the ASF Regulation 5/2018 regarding the issuers of financial instruments and market operations, assume the responsibility for the preparation of the primary financial statements as at 31.03.2026 and certify that, to our knowledge:

  1. The accounting policies used to prepare the financial statements as at 31.03.2026 are in accordance with the accounting regulations applicable to credit institutions, based on the NBR Order no. 27/2010 for approving the accounting regulations in compliance with the International Financial Reporting Standards adopted by the European Union;

  2. The interim financial statements as of 31.03.2026 present a fair view of the financial position, financial performance and other information regarding the activity of Patria Bank SA;

  3. Patria Bank SA operated in terms of continuity;

  4. The interim financial statements as of 31.03.2026, which were prepared in accordance with the applicable accounting standards, provide a true and fair view of the assets, liabilities, financial position and profit and loss account of PATRIA BANK SA and its subsidiaries included in the consolidation process of the financial statements, and quarterly report of the Board of Directors presents the information about PATRIA BANK SA in a correct and complete manner.

General Manager Deputy General Manager

Valentin VANCEA Georgiana STANCIULESCU

Q1 2026 Report 30



PATRIA BANK GROUP

INTERIM CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE PERIOD ENDED AT 31 MARCH 2026

Prepared in accordance with Order no. 27/2010 of the National Bank of Romania and with International Financial Reporting Standards as adopted by the European Union



INTERIM CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

CONTENTS

Consolidated and Separate Statement of Profit or Loss and Other Comprehensive Income 3

Consolidated and Separate Statement of Financial Position 5

Consolidated and Separate Statement of Changes in Equity 6

Consolidated and Separate Statement of Cash Flows 10

Notes to the consolidated and separate Financial Statements 11

Group

Unaudited(*) Unaudited(*)

Bank

Unaudited(*) Unaudited(*)

Thousand RON

Note

31 March 2026

31 March 2025

31 March 2026

31 March 2025

Interest and similar income calculated using the effective interest rate

4

97,731

84,985

86,678

76,673

Interest and similar expense

4

(50,164)

(39,804)

(46,709)

(36,393)

Net interest income

4

47,567

45,181

39,969

40,280

Fee and commission income

5

15,415

14,474

13,195

11,919

Fee and commission expense

5

(3,175)

(2,967)

(2,655)

(2,627)

Net fee and commission income 5

12,240 11,507

10,540 9,292

2,021

1,611

1,538

1,309

3,576

76

3,576

76

Net gain/(loss) from financial assets at fair value through profit or loss 6

Net gain/(loss) from disposal of investment securities at fair value through other

comprehensive income 7

Net gain/(loss) on derecognition of financial asstes measured at amortised

Net gain/(loss) from investment properties

cost

(14)

-

(26)

-

(2)

-

(25)

-

Net gain/(loss) on non-current assets held for sale

Other operating income

8

-

3,833

-

5,881

-

6,246

-

5,832

Net operating income

69,223

64,230

61,867

56,764

Personnel expenses

10

(23,426)

(22,416)

(19,670)

(19,510)

Administrative and other operating expenses

11

(19,384)

(17,519)

(17,564)

(16,232)

Depreciation and amortization

22,23

(6,376)

(6,317)

(5,924)

(5,919)

Operational result before impairment

20,037

17,978

18,709

15,103

Impairment losses on financial assets

9

(5,501)

(3,211)

(5,672)

(3,268)

Operational profit

14,536

14,767

13,037

11,835

Profit before tax

14,536

14,767

13,037

11,835

Income tax expense for the year

(2,505)

(2,089)

(1,780)

(1,779)

Net profit for the period

12,031

12,678

11,257

10,056

Group

Unaudited(*) Unaudited(*)

Bank

Unaudited(*) Unaudited(*)

Thousand RON

Note

31 March 2026

31 March 2025

31 March 2026

31 March 2025

Net profit for the period

Other comprehensive income

Items that may be reclassified to profit or loss:

Net gain on debt instruments measured at FVOCI, transferred to profit or loss

12,031

(3,576)

12,678

(76)

11,257

(3,576)

10,056

(76)

Gain/(loss) from fair value measurement of debt instruments measured at FVOCI

(9,991)

910

(9,991)

910

Variation of expected credit loss related to debt instruments measured at FVOCI

329

199

329

199

Income tax recorded directly in other comprehensive income

2,119

(165)

2,119

(165)

Other comprehensive income, net of tax

(11,119)

868

(11,119)

868

Comprehensive income

911

13,545

138

10,924

Profit attributable to:

-Equity holders of the parent entity

12,031

12,678

11,257

10,056

-Non-controlling interests

Profit for the period

-

12,031

-

12,678

-

11,257

-

10,056

Comprehensive income attributable to:

-Equity holders of the parent entity

911

13,545

138

10,924

-Non-controlling interests

Comprehensive income

-

911

-

13,545

-

138

-

10,924

Earnings per share (basic and diluted)

33

0.0037

0.0039

0.0035

0.0031

The financial statements were approved by the Board of Directors on the May 13, 2026 and were signed on its behalf by:

Valentin Vancea Georgiana Stanciulescu

General Manager Deputy General Manager



INTERIM CONSOLIDATED AND SEPARATE STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026 (All amounts are in thousand RON)

Group

Bank

Unaudited(*)

Unaudited(*)

31 March

31 December

31 March

31 December

Note 2026

2025

2026

2025

Thousand RON

Assets

Cash and cash equivalents

12

600,867

789,769

600,537

789,312

Financial assets at fair value through profit or loss

13

29,310

89,116

29,305

89,111

Financial asset measured at fair value through other comprehensive income

14

1,275,990

972,483

1,275,990

972,483

Due from banks

15

19,419

19,201

19,419

19,201

Loans and advances to customers

16

3,014,123

2,961,924

2,820,114

2,787,087

Investments in debt instruments at amortized cost

17

351,785

348,670

351,785

348,670

Investment property

18

91,802

90,284

91,802

90,284

Non-current assets held for sale

1,022

1,022

856

856

Investment in subsidiaries

19

-

-

40,522

40,522

Financial assets held for sale

5,235

5,428

1,774

1,774

Other financial assets

20

34,101

19,795

38,049

21,326

Other assets

21

12,344

6,894

12,270

6,871

Deferred tax assets

39

895

-

1,167

-

Intangible assets

22

61,495

60,383

55,822

54,683

Property and equipment

23

77,016

79,889

74,805

77,604

Total assets

5,575,404

5,444,858

5,414,217

5,299,784

Liabilities

Due to banks

24

371,470

280,777

371,470

280,777

Customer deposits

25

4,065,922

4,039,041

4,124,733

4,098,978

Loans from banks and other financial institutions

26

357,364

344,567

170,208

172,183

Other financial liabilities

27

79,211

75,606

70,534

66,027

Deferred tax liabilities

1,231

961

Provisions

28

7,416

8,873

6,140

7,682

Other liabilities

29

15,527

13,781

13,237

13,337

Liabilities associated with financial assets held for sale

39

145

1,573

-

-

Subordinated liabilities

30

126,890

127,860

101,638

102,719

Debt securities in issue

31

66,562

67,563

66,562

67,563

Total liabilities

5,090,507

4,960,872

4,924,522

4,810,227

Equity

Share capital and equity premiums

32

328,139

328,139

328,139

328,139

Merger premium

32

(67,569)

(67,569)

(67,569)

(67,569)

Treasury shares

32

(7,202)

(7,202)

(6,068)

(6,068)

Accumulated Profit / (Losses)

32

173,254

161,171

180,316

169,006

Revaluation reserves

35

22,880

34,052

21,171

32,343

Statutory legal reserve

35

23,212

23,212

21,523

21,523

Other reserves

35

12,183

12,183

12,183

12,183

Total equity

484,897

483,986

489,695

489,557

Total liabilities and equity

5,575,404

5,444,858

5,414,217

5,299,784

The financial statements were approved by the Board of Directors on the May 13, 2026 and were signed on its behalf by: Valentin Vancea Georgiana Stanciulescu

General Manager Deputy General Manager

Grup

Revaluation reserves for

Total equity

financial

Revaluation

Statutory

Accumulated

attributable

Non-

Share

Merger

Treasury

assets at

reserve for

legal

Other

Profits /

to the

controlling

Total

Thousand RON capital

premium

shares

FVOCI

property

reserve

reserves

(Losses)

parent

interest

equity

Balance at 1 January 2026 328,139

(67,569)

(7,202)

12,675

21,377

23,212

12,183

161,171

483,986

-

483,986

Comprehensive income -

-

-

-

-

-

-

12,031

12,031

-

12,031

Profit for the period -

-

-

-

-

-

-

12,031

12,031

-

12,031

Other comprehensive income

Net gain related to FVOCI debt instruments -

-

-

(3,004)

-

-

-

-

(3,004)

-

(3,004)

Expected net credit loss related to FVOCI debt -

-

-

276

-

-

-

-

276

-

276

Gains/(losses) from the measurement at fair -

-

-

(8,392)

-

-

-

-

(8,392)

-

(8,392)

Net gain from the fair value measurement of -

-

-

-

-

-

-

-

-

-

-

Changes in the revaluation reserve for property -

and equipment

-

-

-

-

-

-

-

-

-

-

Total other comprehensive income -

-

-

(11,119)

-

-

-

-

(11,119)

-

(11,119)

Total comprehensive income -

-

-

(11,119)

-

-

-

12,031

911

-

911

Allocation to legal reserve -

-

-

-

-

-

-

-

-

-

-

Acquisitions of treasury shares -

-

-

-

-

-

-

-

-

-

-

Revaluation reserve realized -

-

-

-

(53)

-

-

53

-

-

-

Balance at 31 March 2026 328,139

(67,569)

(7,202)

1,556

21,324

23,212

12,183

173,254

484,897

-

484,897

recycled in profit or loss account instruments

value of debt instruments FVOCI FVOCI equity instruments

Grup

Revaluation reserves for

Total equity

financial

Revaluation

Statutory

Accumulated

attributable

Non-

Share

Merger

Treasury

assets at

reserve for

legal

Other

Profits /

to the

controlling

Total

Thousand RON capital

premium

shares

FVOCI

property

reserve

reserves

(Losses)

parent

interest

equity

Balance at 1 January 2025 332,181

(67,569)

(1,140)

(12,721)

23,170

19,617

14,678

111,491

419,707

-

419,707

Comprehensive income -

-

-

-

-

-

-

51,482

51,482

-

51,482

Profit for the period -

-

-

-

-

-

-

51,482

51,482

-

51,482

Other comprehensive income

Net gain related to FVOCI debt instruments -

-

-

(3,016)

-

-

-

-

(3,016)

-

(3,016)

Expected net credit loss related to FVOCI debt -

-

-

98

-

-

-

-

98

-

98

Gains/(losses) from the measurement at fair -

-

-

21,625

-

-

-

-

21,625

-

21,625

Net gain from the fair value measurement of -

-

-

6,689

-

-

-

-

6,689

-

6,689

Changes in the revaluation reserve for -property and equipment

-

-

-

-

-

-

-

-

-

-

Total other comprehensive income -

-

-

25,396

-

-

-

-

25,396

-

25,396

Total comprehensive income -

-

-

25,396

-

-

-

51,482

76,878

-

76,878

Allocation to legal reserve -

-

-

-

-

3,595

-

(3,595)

-

-

-

Revaluation reserve realized -

-

-

-

(1,793)

-

-

1,793

-

-

-

Share based payments -

-

-

-

-

-

2,399

-

2,399

-

2,399

Acquisitions of own shares -

-

(6,062)

-

-

-

(4,894)

-

(10,957)

-

(10,957)

Reduction of share capital (4,042)

-

-

-

-

-

-

-

(4,042)

-

(4,042)

Balance at 31 December 2025 328,139

(67,569)

(7,202)

12,675

21,377

23,212

12,183

161,171

483,986

-

483,986

recycled in profit or loss account instruments

value of debt instruments FVOCI FVOCI equity instruments

Revaluation

reserves for

financial

Revaluation

Statutory

Accumulated

Share

Merger

Treasury

assets at

reserve for

legal

Other

Profits /

Total

capital

premium

shares

FVOCI

premises

reserve

reserves

(Losses)

equity

328,139

(67,569)

(6,068)

12,675

19,668

21,523

12,183

169,006

489,557

-

-

-

-

-

-

-

11,257

11,257

-

-

-

-

-

-

-

11,257

11,257

-

-

-

(3,004)

-

-

-

-

(3,004)

-

-

-

276

-

-

-

-

276

-

-

-

(8,392)

-

-

-

-

(8,392)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(11,119)

-

-

-

-

(11,119)

-

-

-

(11,119)

-

-

-

11,257

138

-

-

-

-

(53)

-

-

53

-

328,139

(67,569)

(6,068)

1,556

19,615

21,523

12,183

180,316

489,695

Bank

Thousand RON

Balance at 1 January 2026 Comprehensive income Profit for the period

Other comprehensive income

Net gain related to FVOCI debt instruments recycled in profit or loss account

Expected net credit loss related to FVOCI debt instruments

Gains/(losses) from the measurement at fair value of debt instruments FVOCI

Net gain from the fair value measurement of FVOCI equity instruments

Changes in the revaluation reserve for property and

equipment

Total other comprehensive income Total comprehensive income Revaluation reserve realized

Balance at 31 March 2026

Revaluation

reserves for

financial

Revaluation

Statutory

Accumulated

Share

Merger

Treasury

assets at

reserve for

legal

Other

Profits /

Total

capital

premium

shares

FVOCI

premises

reserve

reserves

(Losses)

equity

332,181

(67,569)

(5)

(12,721)

21,461

18,301

14,678

120,223

426,549

-

-

-

-

-

-

-

50,212

50,212

-

-

-

-

-

-

-

50,212

50,212

-

-

-

-

-

-

-

-

-

-

-

-

(3,016)

-

-

-

-

(3,016)

-

-

-

98

-

-

-

-

98

-

-

-

21,625

-

-

-

-

21,625

-

-

-

6,689

-

-

-

-

6,689

-

-

-

-

-

-

-

-

-

-

-

-

25,396

-

-

-

-

25,396

-

-

-

25,396

-

-

-

50,212

75,608

-

-

-

-

-

3,222

-

(3,222)

-

-

-

-

-

(1,793)

-

-

1,793

-

-

-

-

-

-

-

2,399

-

2,399

-

-

(6,063)

-

-

-

(4,894)

-

(10,957)

(4,042)

-

-

-

-

-

-

-

(4,042)

328,139

(67,569)

(6,068)

12,675

19,668

21,523

12,183

169,006

489,557

Bank

Thousand RON

Balance at 1 January 2025 Comprehensive income Profit for the period

Other comprehensive income

Net gain related to FVOCI debt instruments recycled in profit or loss account

Expected net credit loss related to FVOCI debt instruments

Gains/(losses) from the measurement at fair value of debt instruments FVOCI

Net gain from the fair value measurement of FVOCI equity instruments

Changes in the revaluation reserve for property and equipment

Total other comprehensive income

Total comprehensive income Allocation to legal reserve Revaluation reserve realized Share based payments Acquisitions of own shares Reduction of share capital

Balance at 31 December 2025



INTERIM CONSOLIDATED AND SEPARATE STATEMENT OF CASH FLOWS FOR THE

YEAR ENDED 31 MARCH 2026 (All amounts are in thousand RON)

Group

Unaudited(*) Unaudited(*)

Ban

Unaudited(*)

k

Unaudited(*)

Thousand RON

31 March

2026

31 March

2025

31 March

2026

31 March

2025

Cash flows from operating activities

Interest received

70,634

69,444

65,667

66,318

Interest paid

(52,633)

(40,677)

(49,599)

(37,594)

Fees and commissions received

15,415

14,474

13,195

11,919

Fees and commissions paid

(3,175)

(2,967)

(2,655)

(2,627)

Gain / (Loss) from financial derivatives

(1,018)

669

(1,018)

669

Net gain from financial instruments and other operating income

8,536

989

7,457

638

Recoveries from off balance sheet items

2,226

2,451

2,087

2,368

Cash payments to employees

(23,747)

(22,070)

(20,120)

(19,343)

Cash payments to suppliers

(26,379)

(23,865)

(24,107)

(22,180)

Income taxes paid

(50)

-

(50)

-

Net cash-flow from operating activities before changes in operating assets and liabilities

(10,191)

(1,552)

(9,143)

168

Changes of operating assets

(Increase)/Decrease of:

- loans and advances to banks

(148)

(395)

(147)

(395)

- financial assets at fair value through profit or loss

60,985

2,645

60,985

2,987

- loans and advances to customers

(44,838)

(170,270)

(31,729)

(152,162)

- other financial assets

(8,101)

(4,072)

(10,207)

(3,792)

Total changes of operating assets

7,898

(172,092)

18,902

(153,362)

Changes of operating liabilities

Increase/(Decrease) of:

- due to banks

89,978

188,389

89,978

188,389

- deposits from customers

26,869

(13,279)

25,588

(28,429)

- other financial liabilities

1,778

5,437

2,532

6,145

Total changes of operating liabilities

118,625

180,547

118,098

166,105

Net cash flow used in operating activities

116,332

6,903

127,857

12,911

Cash flows from investing activities

Acquisition of investment securities at FVOCI

(681,179)

(165,330)

(681,179)

(165,330)

Maturities and proceeds from investment securities at FVOCI

364,702

103,761

364,702

103,761

Maturities of investments at amortized cost

(1,097)

12,862

(1,097)

12,862

Proceeds from dividend

-

9

3,009

9

Sale of investment property and non-current assets held for sale and premises

(1,518)

-

(1,518)

-

Acquisition of tangile and intagible assets

2,638

1,553

2,537

1,796

Net cash used in investing activities

(316,454)

(47,145)

(313,546)

(46,902)

Cash flows from financing activities

Withdrawals from loans from other financial institutions

19,030

14,602

(440)

(82)

Repayments of loans from other financial institutions

(7,909)

(8,716)

(2,747)

-

Subordinated liabilities

-

(36)

-

(35)

Issuance of debt securities

-

(40)

-

(39)

-

(6,000)

-

(6,000)

Net cash generated from financing activities

11,121

(190)

(3,187)

(6,156)

Effect of exchange rate changes on cash and cash equivalents

99

(221)

101

(222)

Net (decrease)/increase in cash and cash equivalents

(188,902)

(40,653)

(188,775)

(40,369)

Cash and cash equivalents at 1 January

789,769

524,955

789,312

524,457

Cash and cash equivalents at 31 December

600,867

484,302

600,537

484,088

Q1 2026 Report

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