Zagrebačka banka Group unaudited financial results Q1 2026

1. Management report for the period from 1 January to 31 March 2026

2. Statement of the persons responsible for the preparation of the financial statements

3. Financial statements (TFI-IZD-KI statements)

   1. General data as at 31 March 2026

   2. Balance sheet as at 31 March 2026

   3. Income statement for the period from 1 January to 31 March 2026

   4. Cash flow statement for the period from 1 January to 31 March 2026

   5. Statement of changes in equity for the period from 31 December 2025 to 31 March 2026

   6. Notes to the financial statements

The Croatian economy remained resilient despite elevated uncertainty arising from persistent and evolving geopolitical and trade tensions. GDP growth and favourable labour market conditions continued to support economic activity.

Business growth continued, driven by lending activities within a prudent risk framework. Zagrebačka banka Group continues to demonstrate the capabilities, capacity and expertise required to execute the largest and most complex transactions, while at the same time remaining firmly focused on each individual client, retail customers, sole proprietors and small businesses, through tailored solutions aligned with their needs and ambitions.

This balanced business model enables sustainable growth while reinforcing trust, long-term partnerships, and value creation for the broader economy and the communities we serve.

Growth is further supported by our specialised mortgage sales force, enabling the effective capture of refinancing and switching opportunities, while strong client retention was driven by smart combination of digital and physical channels and favourable demand dynamics on the market.

We remain focused on delivering client-driven, profitable growth while maintaining a disciplined risk appetite, and we have successfully achieved both. This is supported by prudent capital deployment, a stable and diversified funding base anchored in customer deposits, structural cost efficiency, and our leading distribution network and technology platform.

Major contributors to Group result are Zagrebačka banka dd, UniCredit Bank dd Mostar and UniCredit

Leasing Croatia doo.

• Operating income: EUR 269 million
• Operating expenses: EUR 85 million
• Profit before impairment and other provisions: EUR 182 million
• Impairment and other provisions: EUR 4 million
• Loans and advances to customers: EUR 16,367 million
• Deposits from customers: EUR 22,141 million

1. Management report for the period from 1 January to 31 March 2026 (continued) Operating income amounted to EUR 269 million, increased by EUR 6 million (+2.3%) Y/Y:

   • Net interest income amounted to EUR 173 million. Performance was achieved despite a lower interest-rate environment, as the European Central Bank gradually reduced its key policy rates during 2025, easing monetary conditions. The adverse macroeconomic impact was largely offset by strong commercial activity, particularly continued momentum in lending growth.

   • Net fee and commission income amounted to EUR 74 million, increased by EUR 12 million (+19.4%), driven by expanded portfolio of new products, development of innovative solutions, execution of the most complex transactions in the market, and a continuous strong focus on meeting our clients' needs.

   • Net trading and other income and expenses amounted to EUR 22 million, decreased by EUR 6 million (-21.4%).

     Operating expenses amounted to EUR 85 million. Cost to income ratio equals to 31.60%, demonstrating strong cost management despite inflationary pressures, while continuing with targeted investments in human capital. Profit before impairment and other provisions amounted to EUR 182 million, increased by EUR 6 million (+3.4%), as a result of the previously described movements in Operating income and Operating expenses. Impairment and other provisions amounted to EUR 4 million. Total assets of the Group amounted to EUR 28,470 million, higher by EUR 100 million (+0.4%) BoY.
     • Net loans and advances to customers amounted to EUR 16,367 million, increased by EUR 499 million (+3.1%) due to increase in both corporate and retail lending.

       Our commercial growth was underpinned by strong performance across all products and segments, supported by a disciplined risk management approach and a particular focus on SMEs and retail clients. Through this growth, we actively contribute to economic and market development while consistently maintaining a strong focus on high levels of client satisfaction.

     • Deposits from customers remain the key source of funding, reaching EUR 22,141 million. The increase of EUR 495 million (+2.3%) was primarily driven by the growth in retail deposits, confirming customer trust and the stability of the funding base.
     • Deposits from credit institutions at EUR 1,116 million, lower by EUR 491 million (-30.6%).

Zagreb, 30 April 2026

Geopolitical tensions and market uncertainties

At the end of March 2026, geopolitical tensions did not have a significant direct impact on the Group's and Bank's assets. Our operations remain indirectly affected, as the overall macro-economic scenario evolves. The market environment continues to be uncertain.

The impacts of uncertainties continue to evolve as of the date of this report. As such, it is fluctuant as to the full magnitude that they will have on the macro-economic scenario and consequentially on the Group's and Bank's future financial condition and results of operations.

The Bank continues to support our clients, while it adequately assesses their creditworthiness, carefully considering the risk classification as well as the related impact on financial reporting.

While having a strong capital and liquidity position, as well as the assets covered by prudent loan provisions, the Bank is actively monitoring the situation and assessing its impact on operations, financial performance, capital position and cash-flows.

Dalibor Ćubela

Chief Executive Officer,

Chairman of the Management Board

Jasna Mandac

Ivana Lonjak Dam

Stefano Gison

Member of the Management Board Member of the Management Board

Aleksandra Rašić

Member of the Management Board Member of the Management Board

Slaven Rukavina

Member of the Management Board

Pursuant to the provisions of the Capital Market Act, to the best of our knowledge:

1. the set of financial statements of Zagrebačka banka Group, prepared in accordance with International Financial Reporting Standards (IFRS) as adopted in the European Union, gives a true and fair view of the assets and liabilities, profit and loss, financial position and business operations of Zagrebačka banka Group.

2. the Management Report includes a fair overview of the development and results of operations and of the position of Zagrebačka banka Group.

Jasna Mandac

Member of the Management Board

Additional info:

Public Relations

e-mail: PR@unicreditgroup.zaba.hr https://www.zaba.hr

1. General data as at 31 March 20261

   Annex 1

   ISSUER'S GENERAL DATA

   Reporting period:

   to

   Year:

   Quarter:

   Quarterly financial statements

   Registration number (MB):

   Issuer's home Member

   State code:

   Entity's registration

   number (MBS):

   Personal identification

   number (OIB):

   LEI:

   Institution

   code:

   Name of the issuer: Zagrebačka banka d.d.

   Postcode and town:

   Zagreb

   Street and house number: Trg bana Josipa Jelačića 10

   E-mail address:zaba@unicreditgroup.zaba.hr

   Web address:www.zaba.hr

   Number of employees (end of the reporting

   Consolidated report:

   (KN-not consolidated/KD-consolidated)

   Audited:

   (RN-not audited/RD-audited)

   Names of subsidiaries (according to IFRS):

   Registered office:

   MB:

   UniCredit Leasing Croatia d.o.o.

   Samoborska cesta 145, 10000 Zagreb 1329162

   UniCredit Bank d.d.

   Kardinala Stepinca bb, 88000 Mostar 7700822

   Allianz ZB d.o.o., Zagreb

   Heinzelova 70, 10000 Zagreb 1581864

   ZB eplus

   Samoborska cesta 145, 10000 Zagreb 1500937

   Bookkeeping firm:

   (Yes/No)

   (name of the bookkeeping firm)

   Contact person: Ferizović Antica

   (only name and surname of the contact person)

   Telephone:

   E-mail address:antica.ferizović@unicreditgroup.zaba.hr

   Audit firm: KPMG Croatia d.o.o.

   (name of the audit firm)

   Certified auditor:

   (name and surname)

   No

   RN

   KN

   4402

   10000

   307

   PRNXTNXHBI0TSY1V8P17

   92963223473

   80000014

   HR

   3234495

   1

   2026

   31.03.2026

   1.1.2026

   
   
   

   ‌1 Average number of employees in head office and branch network of Zagrebačka banka dd in Q1 2026 amounts to 4,095.

2. Balance sheet as at 31 March 2026

   in EUR
   Submitter: Zagrebačka banka d.d.
   Item	ADP code	Last day of the preceding business year	Current period
   1	2	3	4
   ASSETS
   Cash in hand and balances at central banks	001	3,299,926,393	3,343,800,423
   Treasury bills and other short-term securities eligible for refinancing with central banks (003 + 004):	002	0	4,883,658
   (a) Treasury bills and similar securities	003	0	4,883,658
   (b) Other short-term securities	004	0	0
   Loans and advances to credit institutions (006 + 007):	005	3,560,285,752	2,995,313,886
   (a) Repayable on demand	006	257,922,665	323,170,738
   (b) Other loans and advances	007	3,302,363,087	2,672,143,148
   Loans and advances to customers	008	15,867,902,716	16,367,514,322
   Debt securities, including fixed-income securities (010 + 011):	009	4,866,262,675	4,998,266,581
   (a) Issued by public bodies	010	4,783,580,563	4,911,531,854
   (b) Other debt securities	011	82,682,112	86,734,727
   Shares and other variable-yield securities	012	11,538,239	11,144,937
   Participating interests	013	6,828,580	10,468,734
   Investments in associates	014	4,892,356	1,621,638
   Intangible assets	015	62,345,114	61,807,329
   Tangible assets (017+ 018):	016	349,950,819	350,517,598
   (a) Property, plant and equipment	017	331,033,459	331,594,112
   (b) Investment in real estate	018	18,917,360	18,923,486
   Tax assets (020+ 021):	019	55,229,341	63,101,687
   (a) Current tax assets	020	0	176,939
   (b) Deferred tax assets	021	55,229,341	62,924,748
   Other assets	022	253,137,502	222,727,501
   Prepayments and accrued income	023	31,711,688	38,748,928
   Fixed assets held for sale and discontinued operations	024	0	0
   TOTAL ASSETS (from 001 to 024)	025	28,370,011,175	28,469,917,222
   LIABILITIES AND EQUITY
   Amounts owed to credit institutions (027 + 028):	026	1,591,574,606	1,115,773,426
   (a) Repayable on demand	027	35,694,978	35,364,631
   (b) With agreed maturity dates or periods of notice	028	1,555,879,628	1,080,408,795
   Amounts owed to customers (030 + 033):	029	21,663,976,344	22,141,454,880
   (a) savings deposits (031 + 032):	030	18,258,807,598	18,446,011,509
   (aa) Repayable on demand	031	14,247,519,627	14,253,019,256
   (ab) With agreed maturity dates or periods of notice	032	4,011,287,971	4,192,992,253
   (b) Other amounts owed to customers (034 + 035):	033	3,405,168,746	3,695,443,371
   (ba) Repayable on demand	034	2,193,244,212	2,180,761,415
   (bb) With agreed maturity dates or periods of notice	035	1,211,924,534	1,514,681,956
   Debt securities issued	036	1,135,497,144	1,135,420,540
   Other liabilities	037	596,412,859	968,842,435
   Accruals and deferred income	038	34,792,326	33,236,759
   Provisions (040+ 041):	039	212,404,488	197,769,197
   (a) Provisions for pensions and similar obligations	040	4,140,892	3,902,374
   (b) Other provisions	041	208,263,596	193,866,823
   Tax liabilities (043 + 044):	042	9,605,964	19,499,854
   (a) Current tax liabilities	043	9,605,964	19,499,854
   (b) Deferred tax liabilities	044	0	0
   Liabilities included in disposal groups classified as held for sale	045	0	0
   Subordinated liabilities	046	160,298,346	160,301,319
   Capital (048 + 049):	047	850,068,233	850,068,233
   (a) Paid-in capital	048	850,068,233	850,068,233
   (b) Unpaid capital which has been called up	049	0	0
   Share premium	050	465,451,715	465,451,715
   Other equity	051	1,857,150	1,857,150
   ( - ) Treasury shares	052	-182,895	-1,382,895
   Reserves (054 + 055 + 056 + 057):	053	61,175,022	61,175,022
   (a) Legal reserves	054	9,031,591	9,031,591
   (b) Statutory reserves	055	52,143,431	52,143,431
   (c) Reserves for treasury shares	056	0	0
   (d) Other reserves	057	0	0
   Revaluation reserves	058	0	0
   Accumulated other comprehensive income	059	11,817,116	-3,061,147
   Retained profit	060	999,436,643	1,163,351,933
   Profit or loss for the year	061	571,337,335	155,487,331
   Minority interests	062	4,488,779	4,671,470
   TOTAL LIABILITIES AND EQUITY (from 026 to 062)	063	28,370,011,175	28,469,917,222
   Off-balance sheet items
   Loan commitments given	064	3,521,127,755	3,491,066,938
   Financial guarantees given	065	550,026,116	542,919,198
   Other commitments given	066	1,218,102,191	1,268,595,489
   TOTAL OFF-BALANCE SHEET ITEMS (from 064 to 066)	067	5,289,256,062	5,302,581,625

3. Income statement for the period from 1 January to 31 March 2026

   in EUR
   Submitter: Zagrebačka banka d.d.
   Item	ADP code	Same period of the previous year		Current period
   		Cumulative	Quarter	Cumulative	Quarter
   1	2	3	4	5	6
   Interest receivable and similar income	001	224,484,354	224,484,354	225,435,820	225,435,820
   of which: income from fixed-income securities	002	22,905,375	22,905,375	34,795,126	34,795,126
   Interest payable and similar charges	003	51,260,003	51,260,003	52,318,320	52,318,320
   Income from securities (005 + 006 + 007):	004	4,057,415	4,057,415	2,467,995	2,467,995
   (a) Income from shares and other variable-yield securities	005	4,741	4,741	1,906	1,906
   (b) Income from participating interests	006	1,078,490	1,078,490	1,145,576	1,145,576
   (c) Income from shares in affiliated undertakings	007	2,974,184	2,974,184	1,320,513	1,320,513
   Commissions receivable	008	73,179,585	73,179,585	81,735,877	81,735,877
   Commissions payable	009	11,399,398	11,399,398	7,712,582	7,712,582
   Net profit or net loss on financial operations	010	-2,683,624	-2,683,624	14,585,308	14,585,308
   Other operating income	011	29,477,008	29,477,008	7,776,969	7,776,969
   of which: gains and losses on derecognition of financial assets measured at amortised cost	012	0	0	0	0
   General administrative expenses (014 + 015):	013	85,268,846	85,268,846	85,351,140	85,351,140
   (a) Employee expenses	014	40,021,727	40,021,727	40,739,654	40,739,654
   (b) Other administrative expenses	015	45,247,119	45,247,119	44,611,486	44,611,486
   Impairment or reversal of impairment of tangible and non-tangible assets	016	53,489	53,489	-19,531	-19,531
   Other operating expenses	017	4,196,239	4,196,239	4,185,872	4,185,872
   Provisions or reversal of provisions (019 + 020):	018	-2,520,943	-2,520,943	-6,733,187	-6,733,187
   (a) Provisions for commitments and guarantees given	019	-3,473,607	-3,473,607	-7,363,664	-7,363,664
   (b) Other provisions	020	952,664	952,664	630,477	630,477
   Impairment or reversal of impairment of loans and advances	021	-1,158,096	-1,158,096	3,393,906	3,393,906
   Impairment or reversal of impairment of securities and participating interests and shares in affiliated undertakings	022	-349,142	-349,142	-754,259	-754,259
   Profit or loss before tax from continuing operations (001 - 003 + 004 + 008 - 009 + 010 + 011 - 013 - 016 - 017 - 018 - 021 - 022)	023	180,364,944	180,364,944	186,547,126	186,547,126
   Tax expense or income related to profit or loss from continuing operations	024	29,707,692	29,707,692	30,867,302	30,867,302
   Profit or loss after tax from continuing operations (023 - 024)	025	150,657,252	150,657,252	155,679,824	155,679,824
   Profit or (-) loss before tax from discontinued operations	026	0	0	0	0
   Tax expense or (-) income related to discontinued operations	027	0	0	0	0
   Profit or loss after tax from discontinued operations (026 - 027)	028	0	0	0	0
   Profit or loss for the current year (025 + 028; 030 + 031)	029	150,657,252	150,657,252	155,679,824	155,679,824
   Attributable to minority interest [non-controlling interests]	030	161,263	161,263	192,493	192,493
   Attributable to owners of the parent	031	150,495,989	150,495,989	155,487,331	155,487,331
   STATEMENT OF OTHER COMPREHENSIVE INCOME
   Income or ( - ) loss for the current year	001	150,657,252	150,657,252	155,679,824	155,679,824
   Other comprehensive income (003 + 015)	002	-1,001,748	-1,001,748	-14,957,677	-14,957,677
   Items that will not be reclassified to profit or loss (from 004 to 010 + 013 + 014)	003	-66,053	-66,053	-26,682	-26,682
   Tangible assets	004	-75,906	-75,906	-64,208	-64,208
   Intangible assets	005	0	0	0	0
   Actuarial gains or (-) losses on defined benefit pension plans	006	0	0	0	0
   Fixed assets and disposal groups classified as held for sale	007	0	0	0	0
   Share of other recognised income and expense of entities accounted for using the equity method	008	0	0	0	0
   Fair value changes of equity instruments measured at fair value through other comprehensive income	009	3,334	3,334	33,264	33,264
   Gains or (-) losses from hedge accounting of equity instruments at fair value through other comprehensive income, net	010	0	0	0	0
   Fair value changes of equity instruments measured at fair value through other comprehensive income [hedged item]	011	0	0	0	0
   Fair value changes of equity instruments measured at fair value through other comprehensive income [hedging instrument]	012	0	0	0	0
   Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk	013	0	0	0	0
   Income tax relating to items that will not be reclassified	014	6,519	6,519	4,262	4,262
   Items that may be reclassified to profit or loss (from 016 to 023)	015	-935,695	-935,695	-14,930,995	-14,930,995
   Hedge of net investments in foreign operations [effective portion]	016	0	0	0	0
   Foreign currency translation	017	0	0	0	0
   Reserve for cash flow hedge [effective portion]	018	-2,616,766	-2,616,766	-5,223,721	-5,223,721
   Hedging instruments [not designated elements]	019	0	0	0	0
   Debt instruments at fair value through other comprehensive income	020	1,303,106	1,303,106	-12,856,136	-12,856,136
   Fixed assets and disposal groups classified as held for sale	021	0	0	0	0
   Share of other recognised income and expense of investments in subsidiaries, joint ventures and associates	022	0	0	0	0
   Income tax relating to items that may be reclassified to profit or (-) loss	023	377,965	377,965	3,148,862	3,148,862
   Total comprehensive income for the current year (001 + 002; 025 + 026)	024	149,655,504	149,655,504	140,722,147	140,722,147
   Attributable to minority interest [non-controlling interest]	025	170,697	170,697	173,453	173,453
   Attributable to owners of the parent	026	149,484,807	149,484,807	140,548,694	140,548,694

4. Cash flow statement for the period from 1 January to 31 March 2026

   in EUR
   Submitter: Zagrebačka banka d.d.
   Item	ADP code	Same period of the previous year	At the reporting date of the current period
   1	2	3	4
   Operating activities - direct method
   Interest received and similar receipts	001	0	0
   Fees and commissions received	002	0	0
   (Interest paid and similar expenditures)	003	0	0
   (Fees and commissions paid)	004	0	0
   (Operating expenses paid)	005	0	0
   Net gains/losses from financial instruments at fair value through statement of profit or loss	006	0	0
   Other receipts	007	0	0
   (Other expenditures)	008	0	0
   Operating activities - indirect method
   Profit/(loss) before tax	009	180,364,944	186,547,126
   Adjustments:		0	0
   Impairment and provisions	010	-3,974,700	-4,113,071
   Depreciation	011	14,804,246	14,727,483
   Net unrealised (gains)/losses on financial assets and liabilities at fair value through statement of profit or loss	012	-3,540,491	3,812,995
   (Profit)/loss from the sale of tangible assets	013	-276,099	-85,077
   Other non-cash items	014	-180,612,176	-182,210,061
   Changes in assets and liabilities from operating activities
   Deposits with the Croatian National Bank	015	1,162,924,982	1,043,919
   Deposits with financial institutions and loans to financial	016	87,743,430	637,928,007
   Loans and advances to other clients	017	-551,932,237	-529,465,853
   Securities and other financial instruments at fair value through other comprehensive income	018	-607,146,437	-16,183,198
   Securities and other financial instruments held for trading	019	2,042,521	-4,316,668
   Securities and other financial instruments at fair value through statement of profit or loss, not traded	020	-3,839,762	-654,372
   Securities and other financial instruments mandatorily at fair value through statement of profit and loss	021	-5,062,654	11,833,800
   Securities and other financial instruments at amortised cost	022	-361,460,827	-171,813,182
   Other assets from operating activities	023	-6,297,487	40,910,345
   Deposits from financial institutions	024	18,402,859	-62,095,531
   Transaction accounts of other clients	025	-248,312,987	649,175,762
   Savings deposits of other clients	026	9,352,122	-2,962,542
   Time deposits of other clients	027	301,743,418	483,101,709
   Derivative financial liabilities and other liabilities held for trading	028	0	0
   Other liabilities from operating activities	029	-41,122,750	-9,414,871
   Interest received from operating activities [indirect method]	030	199,896,867	330,037,028
   Dividends received from operating activities [indirect method]	031	0	0
   Interest paid from operating activities [indirect method]	032	-55,131,626	-55,763,176
   (Income tax paid)	033	-25,692,764	-45,704,140
   Net cash flow from operating activities (from 001 to 033)	034	-117,127,608	1,274,336,432
   Investing activities
   Cash receipts from the sale / payments for the purchase of tangible and intangible assets	035	-30,053,766	-13,484,383
   Cash receipts from the sale / payments for the purchase of investments in branches, associates and joint ventures	036	0	0
   Cash receipts from the sale / payments for the purchase of securities and other financial instruments held to maturity	037	0	0
   Dividends received from investing activities	038	2,400,367	9,426,690
   Other receipts /payments from investing activities	039	0	0
   Net cash flow from investing activities (from 035 to 039)	040	-27,653,399	-4,057,693
   Financing activities
   Net increase/(decrease) in loans received from financing activities	041	114,414,571	-1,080,370,736
   Net increase/(decrease) in debt securities issued	042	100,355,633	-73,631
   Net increase/(decrease) in Tier 2 capital instruments	043	0	0
   Increase in share capital	044	0	0
   (Dividends paid)	045	0	0
   Other receipts /(payments) from financing activities	046	0	0
   Net cash flow from financing activities (from 041 to 046)	047	214,770,204	-1,080,444,367
   Net increase/(decrease) in cash and cash equivalents (034 + 040 + 047)	048	69,989,197	189,834,372
   Cash and cash equivalents at the beginning of period	049	4,877,694,428	3,557,849,058
   Effect of exchange rate fluctuations on cash and cash equivalents	050	-8,994,155	6,580,235
   Cash and cash equivalents at the end of period (048 + 049 + 050)	051	4,938,689,470	3,754,263,665

   
   
   
   1. Financial statements (TFI-IZD-KI statements) (continued)

5. Statement of changes in equity for the period from 31 December 2025 to 31 March 2026

   Sources of changes in equity	ADP code	Attributable to owners of the parent											Non-controlling interest		Total
   		Capital	Share premium	Equity instruments issued other than capital	Other equity	Accumulated other comprehensi ve income	Retained profit	Revaluation reserves	Other reserves	( ) Treasury shares	Profit or ( - ) loss attributable to owners of the parent	(-) Interim dividends	Accumulated other comprehensi ve income	Other items
   1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16
   Opening balance [before restatement]	001	850,068,233	465,451,715	0	1,857,150	11,817,116	999,436,643	0	61,175,022	-182,895	571,337,335	0	407,817	4,080,962	2,965,449,098
   Effects of error corrections	002	0	0	0	0	0	0	0	0	0	0	0	0	0	0
   Effects of changes in accounting policies	003	0	0	0	0	0	0	0	0	0	0	0	0	0	0
   Opening balance [current period] (001 + 002 + 003)	004	850,068,233	465,451,715	0	1,857,150	11,817,116	999,436,643	0	61,175,022	-182,895	571,337,335	0	407,817	4,080,962	2,965,449,098
   Ordinary shares issue	005	0	0	0	0	0	0	0	0	0	0	0	0	0	0
   Preference shares issue	006	0	0	0	0	0	0	0	0	0	0	0	0	0	0
   Issue of other equity instruments	007	0	0	0	0	0	0	0	0	0	0	0	0	0	0
   Exercise or expiration of other equity instruments issued	008	0	0	0	0	0	0	0	0	0	0	0	0	0	0
   Conversion of debt to equity instruments	009	0	0	0	0	0	0	0	0	0	0	0	0	0	0
   Capital reduction	010	0	0	0	0	0	0	0	0	0	0	0	0	0	0
   Dividends	011	0	0	0	0	0	-406,707,283	0	0	0	0	0	0	0	-406,707,283
   Purchase of treasury shares	012	0	0	0	0	0	0	0	0	-1,200,000	0	0	0	0	-1,200,000
   Sale or cancellation of treasury shares	013	0	0	0	0	0	0	0	0	0	0	0	0	0	0
   Reclassification of financial instruments from equity to liability	014	0	0	0	0	0	0	0	0	0	0	0	0	0	0
   Reclassification of financial instruments from liability to equity	015	0	0	0	0	0	0	0	0	0	0	0	0	0	0
   Transfers among components of equity	016	0	0	0	0	0	571,337,335	0	0	0	-571,337,335	0	0	0	0
   Equity increase or ( - ) decrease resulting from business combinations	017	0	0	0	0	0	0	0	0	0	0	0	0	0	0
   Share based payments	018	0	0	0	0	0	0	0	0	0	0	0	0	0	0
   Other increase or ( - ) decrease in equity	019	0	0	0	0	71,404	-714,762	0	0	0	0	0	0	115	-643,243
   Total comprehensive income for the current year	020	0	0	0	0	-14,949,667	0	0	0	0	155,487,331	0	-8,010	190,586	140,720,240
   Closing balance [current period] (from 004 to 020)	021	850,068,233	465,451,715	0	1,857,150	-3,061,147	1,163,351,933	0	61,175,022	-1,382,895	155,487,331	0	399,807	4,271,663	2,697,618,812

6. Notes to the financial statements Significant accounting policies

b

1. Financial liabilities at amortised cost

   			EUR million
   	31 March 2026		31 December 2025
   Deposits from customers
   Households	13,843		13,611
   Non-financial corporations	6,040		6,016
   State and public sector	1,595		1,294
   Other financial corporations	663		725
   	22,141		21,646
   Deposits from credit institutions	1,116		1,607
   Other financial liabilities	476		88
   Debt securities issued	1,296		1,296
   	25,029		24,637

2. Operating segments

   1. Profit for the period before tax

      							EUR million
      	Retail	Corporate and Investment	Leasing	Other	Total managerial reporting	Reconciliation to financial statements	Financial statements
      31 March 2026	86	71	9	20	187	-	187
      31 March 2025	108	57	4	12	181	-	181

   2. Statement of the financial position

      31 March 2026							EUR million
      	Retail	Corporate	Leasing	Other	Total	Reconciliation	Financial
      		and Investment			managerial reporting	to financial statements	statements
      Segment's assets	8,031	7,761	2,382	10,220	28,394	1	28,395
      Investments in associates	-	-	-	10	10	2	12
      Deferred tax assets	-	-	5	58	63	-	63
      Segments' assets	8,031	7,761	2,387	10,288	28,467	3	26,282
      Segments' liabilities	15,042	6,966	807	2,937	25,753	-	25,753
      Current tax liabilities	-	-	-	19	19	-	19
      Total liabilities	15,042	6,966	807	2,956	25,772	-	25,772
      							EUR million
      31 December 2025	Retail	Corporate	Leasing	Other	Total	Reconciliation	Financial
      		and			managerial	to financial	statements
      		Investment			reporting	statements
      Segment's assets	7,821	7,570	701	12,210	28,302	-	28,302
      Investments in associates	-	-	-	12	12	-	12
      Deferred tax assets	-	-	5	51	56	-	56
      Segments' assets	7,821	7,570	706	12,273	28,370	-	28,370
      Segments' liabilities	14,936	6,672	641	3,045	25,394	1	25,395
      Current tax liabilities	-	-	1	10	11	(1)	10
      Total liabilities	14,936	6,672	642	3,055	25,405	-	25,405

3. Changes in the composition of the Group

   Changes in the consolidation perimeter of Zagrebačka banka Group

   No changes in the consolidation perimeter of Zagrebačka banka Group in 2026.

4. Share capital

   Authorised and issued	31 March 2026		31 December 2025
   Issued share capital (EUR million)	850		850
   Number of shares	320,241,955		320,241,955

   Ordinary shares carry voting rights at shareholders' meetings, subject to a minimum shareholding

   of one share. The Bank does not have preference shares.

   The shareholder structure of the Bank as at 31 March 2026 and 31 December 2025 was as follows:

   			%
   	31 March 2026		31 December 2025
   UniCredit S.p.A.	96.19		96.19
   Other	3.81		3.81
   	100.00		100.00

   Consolidated Annual report of UniCredit S.p.A. Milan is publicly disclosed and available on the web.

5. Basic and diluted earnings per share

   For the purposes of calculating earnings per share. earnings are calculated as the profit after tax attributable to equity holders.

   		EUR million
   	31 March 2026	31 December 2025
   Profit after tax attributable to equity holders	156	571
   Weighted average number of ordinary shares	320,321,102	320,320,833

   Basic and diluted earnings per share (expressed in EUR per share)

   1,94 1,78

6. Risk management

   The major risks to which the Group is exposed are:

   • credit risk,

   • liquidity risk,

   • market risks and

   • operational risk.

   Information on the nature of the Group's exposure to risks, as well as on the methods used by the management to identify, measure and manage risks are in more details disclosed in the latest annual financial statements.

   Stress tests and multiple scenarios sensitivity analyses are performed. They are calibrated based on reasonable and realistic estimates and assumptions. Results confirm that the Group has a strong capital and liquidity positions, which are also in stressed conditions above the regulatory and internal thresholds.

   
   
   
7. Measurement of fair values

Fair values are categorised into different levels in a fair value hierarchy based on the inputs used in the valuation techniques, as follows:

• Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities,

• Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices),

• Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).

The Group recognises transfers between levels of the fair value hierarchy at the end of the reporting period during which the change has occurred. More information about the assumptions applied in measuring fair values is disclosed in the last annual financial statements.

1. Measurement of fair values (continued)
   1. Financial instruments measured at fair value - fair value hierarchy

      EUR million

      Level 1	Level 2	Level 3	Total	Level 1	Level 2	Level 3	Total
      -	5	-	5	-	-	-	-
      -	-	-	-	-	1	-	1
      -	9	1	10	113	8	2	123
      -	50	-	50	-	43	-	43

      Financial assets at fair value through profit or loss

      Debt securities held for trading

      Equity securities held for trading Financial assets mandatorily at fair

      value

      Derivative financial instruments

      31 March 2026 31 December 2025

      Hedge accounting Fair value changes of the hedged	-	176	-	176	-	138	-	138
      items in portfolio hedge of interest	-	72	-	72	-	47		47
      rate risk

      -	168	1	169	113	237	2	352
      1,156	674	81	1,911	1,120	685	82	1,887
      -	-	1	1	-	-	1	1
      1,156	674	82	1,912	1,120	685	83	1,888
      1,156	842	83	2,081	1,233	922	85	2,240

      Financial assets at fair value through other comprehensive income

      Debt securities at fair value through other comprehensive income

      Equity securities at fair value through other comprehensive income

      Total financial assets measured at fair value

      Financial liabilities at fair value through profit or loss

      Derivative financial instruments - 47 47 - 37 - 37

      -	131	-	131	-	124	-	124
      -	(75)	-	(75)	-	(33)	-	(33)
      -	97	-	97	-	108	-	108

      Hedge accounting

      Fair value changes of the hedged items in portfolio hedge of interest rate risk

      Financial liabilities measured at fair value

      Total financial liabilities measured

      at fair value - 200 - 200 - 236 - 236

   2. Fair value of financial instruments not measured at fair value

      EUR million

      Fair value

      	Book value	Total	Level 1	Level 2	Level 3
      31 March 2026 Financial assets at amortised cost	21,939	21,793	1,671	9,532	10,590
      Financial liabilities at amortised cost	25,029	24,618	-	287	24,726
      31 December 2025 Financial assets at amortised cost	22,036	21,648	1,613	8,918	11,117
      Financial liabilities at amortised cost	24,637	24,618	-	265	24,353

      Assumptions used in estimates and measurement of fair values are based on requirements of IFRS 13.

2. Commitments and contingencies

   	Stage 1	Stage 2	31 March 2026 Stage 3 Total	Stage 1	Stage 2	EUR million 31 December 2025 Stage 3 Total
   Gross carrying amount
   Loan commitments given	3,436	91	4 3,531	3.393	113	15 3,521
   Financial guarantees given	389	57	2 448	395	57	2 454
   Commercial guarantees given	1,244	78	14 1,336	1,225	54	11 1,290
   Other commitments given	26	1	- 27	23	1	- 24
   Total	5,095	227	20 5,342	5,036	225	28 5,289

   EUR million 31 March 2026 31 December 2025

   	Stage 1	Stage 2	Stage 3	Total	Stage 1	Stage 2	Stage 3	Total
   ECL allowance Loan commitments given	(26)	(8)	(3)	(37)	(23)	(8)	(14)	(45)
   Financial guarantees given	(4)	(4)	(2)	(10)	(3)	(4)	(1)	(8)
   Commercial guarantees given	(13)	(2)	(7)	(22)	(14)	(3)	(6)	(23)
   Other commitments given	-	-	-	-	-	-	-	-
   Total	(43)	(14)	(12)	(69)	(40)	(15)	(21)	(76)

3. Events after the reporting period

There were no significant reportable events after the reporting period.