Herbert Juranek (CEO) Edgar Flaggl (CFO) Tadej Krašovec (CRO)
Ganesh Krishnamoorthi (CMO & CIO) Sara Zezelic (Investor Relations)
6 November 2025
Executive Summary & Business Update
Financials & Risk Update
Outlook & Wrap-Up
Additional Materials
YTD 3Q25 net profit at €35.3m (-6.4% vs 3Q24's €37.7m), 3Q25 at €11.3m (2Q25: €9.5m)
Earnings
& Asset Quality
Return on average Tangible Equity at 5.6% (3Q24: 6.4%), earnings per share €1.83
Operating result in 3Q25 (QTD) on record level at €31.2m and YTD at €82.9m
(3Q24: YTD €83.5m) despite significantly lower rate environment and increased administrative
costs reflecting inflation adjustments
NPE volume at €140m (YE24: €145m) with NPE ratio (on-balance loans) stable at 2.9% (YE24: 2.9%), and an NPE coverage of 82.2% (YE24: 80.0%)
Cost of Risk on net loans at 0.7% or €25.5m (3Q24: €25.0m)
Business
Development
Growth in active customer base at 5% YoY
Continued strong growth in Consumer lending and return to a positive trend in SME lending
NII slightly lower 2.2% YoY, with the increase of the new lending business neutralised by the lower income from variable back book and national bank deposits
NCI up 7.8% YoY on the back of strong sales performance and new agreement on profit sharing
for insurance products
Net banking income stable despite significantly lower rate environment
Funding, Liquidity & Capital
Funding situation remained solid: Deposits at €5.2b, LDR at 69% and LCR >380%
TCR ratio (Basel IV) at strong 21.3% - all in CET1 (YE24: 22.0%, Basel III)
Expansion to Romania
In the first half of 2025 operational foundations were established
Addiko launched a digital lending platform in the Romanian market
In 3Q25 marketing activities were intensified
We aim to maintain our brand-building efforts through year-end
Xetra listing
Addiko shares began trading on the Frankfurt Xetra platform in April 2024
The primary goal was to improve trading liquidity and appeal to a wider range of investors
The Xetra listing will be discontinued from 1 January 2026, owing to high expenses and
limited advantages after a major shift in shareholder structure and decreased trading liquidity
ESG
ESG Action Plan on track: All initiatives progressing as planned
Local Regulation Impacting Banking Profitability
Croatia
As of 1 July 2025: The Croatian National Bank introduced macroprudential measures restricting consumer lending with DTI on non-housing loans to 40%, with a limit on the maturity of loans to 10 years and a 10% quota for loan approvals based on the bank's own assessment.
As of 1 January 2026: New regulation to cut banking fees. Mandatory activation of free salary package with predefined content of the package: account maintenance fees, internet/mobile banking, depositing funds, incoming euro transactions, issuing and using debit cards and executing payments with debit cards.
Free Cash Withdrawal: Credit institutions must provide at least one fee-free channel for cash withdrawals.
Serbia
As of 15 September 2025: Based on the recommendation by the National Bank of Serbia, consumer lending is restricted for all citizens with a monthly net salary of RSD ≤100,000 for one year with interest rates cut by 300bp to a maximum of 7.5% and no processing or account maintenance fees.
Republika Srpska (BiH)
As of 9 June 2025: Based on the decision by the Banking Agency restrictions on fees are introduced, including the cancellation of credit party (account) maintenance fee, the cancellation of ATM account balance check fees and the cancellation of fees for sending warning letters for payment delays.
Montenegro
As of 1 November 2025: The Central Bank of Montenegro introduced macroprudential measures restricting consumer lending to a DTI of 50% and a limitation of the maximum interest rate at 100% above the average consumer interest rate on the market (non-payroll and credit cards affected).
Total book (gross performing loans) up 3%
since YE24 (up 2% YoY)
• +5% YoY growth in focus book
New business generation up 14% YoY
Consumer up 17% YoY
SME up 9% YoY
New business yields at 7.2% in Consumer
and 5.1% in SME
Focus book comprises 91% of gross performing loans, generating a yield of 6.5%
Consumer book grew by 9% YoY
SME book decreased by 2% YoY, with both large ticket medium SMEs and Micro & Small SME book down by 2% YoY
Underwriting criteria continue to be calibrated and tightened to current environment in line with risk appetite
Prudent risk approach remains strategic anchor - balancing of demand vs. risk appetite as priority over volume growth
Focus portfolio development
Gross performing loans (€m)
3,486
3,612
3,534
3,506
Total Book
YoY
+3%
+5%
SME
Medium SME
Micro & Small SME
3,017
240
3,294
3,147 3,138 209
1,706
1,877
1,846
2,015
1,070
1,068
1,089
1,070
212 193
Consumer
1,159
1,557
1,318
+14% YoY
New Business (YTD)
2023 3Q24 2024 3Q25
1,522
Business Update
Solid new business delivered (+17% YoY) with
Consumer
premium pricing (7.2%)
Improving dynamics YoY
€m, YTD
444
748
637
470
+14%
+27%
1,159
1,318
YoY
NCI growth (+12.5% YoY driven by bancassurance, accounts & packages and cards)
Launched fully digital e2e (no human interventions)
Mitigation program to compensate regulatory
hurdles
Pricing recalibration to stimulate growth
SME
New business growth 9% YoY with premium pricing
Price adjustments in new rate environment
Serbian business showing momentum with new team
Launched highly efficient process platform for loans in Small and Medium segment
Additional focus on investment loans
New business
(gross disbursements)
Consumer
New business yield
SME
New business yield
Focus yield1
78 99
+6%
+17%
-81bp
-91bp
3Q24 3Q25
8.0%
7.2%
6.0%
5.1%
6.7%
6.5%
-22bp
Advancing Addiko's brand perception with e2e story
2025
Priorities
Drive e2e (no human) digital lending to success
Grow BNPL across markets
Expand revenue pools through new products & customer engagement
Focus on AI to enhance business
Drive Romania growth
Share of
Partnerships in consumer gross disbursements
Consumer gross disbursements via partnerships
Partnerships/
Locations
11%
12%
+17%
74
86
3Q24 3Q25
562/
1,124
482/
1,069
1 Focus yield equals the gross yield of focus segments and is calculated as regular interest income (i.e. excluding interest income on NPE, interest like income and before FTP) divided by the simple average of gross performing loans based on beginning and end of period amounts.
Consumer
Micro & Small SME
Medium SME
Executive Summary & Business Update
Financials & Risk UpdateOutlook & Wrap-Up
Additional Materials
Financial Performance 3Q25
3Q24 | YoY | ||
177.8 | 181.7 | -2.2% | |
57.8 | 53.6 | +7.8% | |
235.6 | 235.3 | +0.1% | |
1.4 | 1.1 | +27.0% | |
YTD, €m
3Q24 4Q24 1Q25 2Q25 3Q25
79.4 | 80.5 | ||
NCI | 18.3 | 19.4 | |
NIM NII | 3.93% | 3.84% |
76.9 78.1 80.5
Net interest income
Net fee & commission income
Net interest income Net fee & commission
income
Net banking income
Net banking income
Net result on financial instruments
Net result on financial instruments
Other operating result
General administrative expenses
Other operating result General administrative
expenses
Operating result
1
Operating result
82.9
-9.5 | -9.8 | -3.0% | Avg. | |
-144.5 | -143.1 | +1.0% | Loan Book2 | |
83.5 | -0.8% |
CIR
61.1
3,499
61.1
3,502
18.2
3.70%
58.7
3,492
19.1
3.69%
59.1
3,510
20.5
3.73%
60.0
3,529
Other result
Expected credit loss expenses
Other result | -10.5 | -10.5 | +0.7% | |
xpected credit loss expenses -25.5 -25.0 +1.9% | ||||
Tax on income | -11.5 | -10.3 | +11.6% | |
esult after tax | 37.7 | -6.4% | ||
E
Tax on income
CoR
58.1%
61.2%
63.0% 62.7%
58.5%
Result after tax
R 35.3
on net loans
-0.27% -0.31%
-0.13%
-0.27% -0.31%
1 Operating result before impairments and provisions. 2 Based on daily average.
NII down by 2.2% YoY with strong 7.3% interest income increase in the Consumer segment, which partially offset the negative impact of the lower interest curve on the variable back book and lower income from national bank deposits
NCI up by 7.8% driven by accounts & packages, bancassurance (incl. new profit share agreement) and card business
General administrative expenses (OPEX) up mainly due to gradual wage increases during 2024 (full effect in 2025); prior-
year figures included €3.0m extraordinary advisory costs related to takeover offers
YTD CIR at 61.4% (+0.6pp YoY) with QTD CIR at 58.5%
Capital development fully-loaded
% CET1/TCR, YTD, RWA in €m
0.11%
0.10%
0.57%
0.14%
0.01%
0.55%
0.08%
0.01%
0.10%
22.0%
21.7%
21.3%
21.3%
3,770
3,671
3,865
3,883
Addiko Group RWA
CET1/
TCR
fully-loaded
CET1/TCR | 49.7% | (incl. DTA) | 48.4% | (incl. DTA) | 49.2% | (incl. DTA) | 50.1% |
RWA | 991 | 1,015 | 997 | 979 |
adjustments
(prelim.)
adjustments
adjustments
2024 | OCI | Reg. & | RWA | 1 1Q25 | OCI | Reg. & | RWA 1H251 OCI | Reg. & | RWA | ||
Addiko Bank AG (Holding) | changes | Equity | developm. | changes | Equity | developm. | changes | Equity | developm. | ||
3Q251
Based on Basel IV calculations, the CET1 ratio stood at 21.3% (YE24: 22.0% Basel III)
The CET1 includes the audited profit after tax from the year 2024 as, in compliance expectation by the ECB, Addiko Bank AG did not distribute a dividend for the business year 2024
Overall RWA growth reflects changes in risk-weighting requirements under Basel IV, as well as a new interpretation of an EBA guideline on structural FX (EBA Q&A published in 2Q25)
SREP for 2026: Slight change for the year 2026 (P2R up by 25bp to 3.50%, P2G unchanged at 3.00%)
1 Excluding accrued interim profit
NPE volume1 & ratio development
€m, YTD
Quarterly NPE formation & exit
€m, QTD
4Q24 | 1Q25 | 2Q25 | 3Q25 | |||||
NPE ratio (on-balance loans)2 | 2.9% | 3.0% | 2.9% | 2.9% | 36.7 | 19.5 | 25.7 | 21.7 |
0.9
22.1
0.9
5.4
0.5
12.7
0.4
9.3
NPE ratio (GE based)3 | 2.0% | 2.1% | 2.0% | 2.0% | |||
145 | 147 | 143 | 140 | ||||
2024 | 1Q25 | 1H25 | 3Q25 |
Formation
13.7 | 13.3 | 12.6 | 11.9 | ||||
Net change | +4.0 | +2.5 | -4.6 | -2.5 |
-2.5
-6.7
-10.4
-1.5
-11.3
-7.8
-17.5
-12.2
-11.2
NPE decrease in 3Q25 QTD driven by repayments, recoveries to performing, as well as via batch- and individual NPE portfolio sales
3Q25 YTD NPE ratio at 2.9% (on-balance loans)
Short-term initiatives ongoing to dynamically drive
further NPE portfolio reduction
-5.8
-15.6
-1.7
-30.3
-32.6
-24.1
-17.0
Exit
1 Include off-balance exposures. 2 Calculated as non-performing exposure divided by total credit risk bearing exposure including exposure towards National Banks (on-balance). 3 Calculated as non-performing exposure divided by total gross
exposure.
Expected credit loss expenses on financial assets
3Q25 expected credit loss expenses of €25.5m resulting in -0.71% cost of risk (on net loans):
Consumer: -0.7%
- SME: -1.3%
Non-Focus: +1.6%
The development was mainly influenced by provision requirements in the Consumer portfolio as well as for larger tickets within the SME segment
Post-model adjustment in ECL stock including €3.0m from model changes expected to take effect in 4Q25, in addition to €1.2m previously booked PMA to cover sub-portfolios where insufficient data is available for precise calibration of PD models
3Q25 YTD, €m, positive number for release
0.0
(25.5)
(25.5)
(14.5)
5.0
(16.0)
Consumer SME Non-Focus Business
Segments
Corp.
Center
TOTAL
1Q25 | (3.8) | (2.7) | 1.9 | (4.6) | 0.0 | (4.6) |
2Q25 | (3.7) | (7.4) | 1.3 | (9.8) | 0.0 | (9.8) |
3Q25 | (7.0) | (5.9) | 1.8 | (11.2) | 0.0 | (11.2) |
Expected credit loss expenses on financial assets by Credit Risk Exposure & Net loans (NL)
Ratio in %, quarterly figures not annualised (negative number represents impairment)
Focus areas Group 3Q25
QTD
Consumer
(0.32)%
(0.36)%
on NL
3Q24
(0.17)%
(0.19)%
on NL
2Q25
(0.31)%
(0.35)%
on NL
3Q25
YTD
Business Segments
TOTAL
4Q24 1Q25
(0.18)% (0.17)%
(0.20)% (0.20)%
on NL on NL
(0.74)% (0.15)%
(1.11)% (0.21)%
on NL on NL
(0.54)%
(0.71)%
on Net Loans
(0.56)%
(0.71)%
on Net Loans
(0.32)%
(0.46)%
on NL
(0.25)%
(0.37)%
on NL
(0.40)%
(0.58)%
on NL
SME
Executive Summary & Business Update
Financials & Risk Update
Outlook & Wrap-UpAdditional Materials
Outlook 2025 and Wrap-Up
Income & Business
Risk & Liquidity
Profitability
Outlook 2025
Unchanged
(adjusted in 1H25)
>3.6%
>6%
CAGR 2024-2026
Flat
<€196m
<80%
Ramp-up
ca. 50%
of net profit
<3%
as guiding principle
>4.5%
c.1.3%
>18.35% subject to yearly SREP
Guidance is generally based on projections and assumptions that can vary over time due to a changing environment (such as, but not limited to, changes in the interest rate environment, macroeconomic developments, regulatory restrictions, labour law, tax legislation and other market factors)
Perspectives
Macro development in the CSEE region outperforms the euro zone
Impediments for income generation due to (new) regulation or legislation regarding
underwriting criteria, interest rate caps, fee caps or free banking products
New mid-term "Specialisation Program" to be launched in 1Q26
Prudent risk approach remains strategic anchor - balancing of demand vs. risk appetite as priority over volume growth
Mid-term targets currently under review and will be updated together with the disclosure of the YE25 result on the back of the updated business plan
Next Steps
YE25 results call scheduled for 5 March 2026 at 2pm Vienna time
1 Gross performing loans. 2 Assuming an average yearly deposit facility rate of 283bp in 2025 and 200bp in 2026. 3 On net loans. 4 On on-balance loans (EBA). 5 Assuming a higher effective tax rate of ≤25% in 2025 and 2026 due to changes
of DTA in Slovenia and considering a pull-to-par effect of the majority of negative fair value reserves in FVTOCI. 6 In line with dividend policy, subject to alignment with the ECB and AGM decision (currently suspended).
Executive Summary & Business Update
Financials & Risk Update
Outlook & Wrap-Up
Additional MaterialsHerbert Juranek
Chief Executive Officer
Chair of the Management Board
Edgar Flaggl
Chief Financial Officer
Member of the Management Board
Tadej Krašovec
Chief Risk Officer
Member of the Management Board
Ganesh Krishnamoorthi
Chief Market, IT & Digitalisation Officer
Member of the Management Board
Addiko since May 2021 Mandate until December 2027
Addiko since July 2012 Mandate until June 2028
Addiko since September 2016 Mandate until June 2028
Addiko since August 2020 Mandate until December 2028
Deputy Chairman of the Supervisory Board of Addiko Bank AG
Senior Partner at Q-Advisers and Q-Capital Ventures
Chief Operating Officer & member of the Management Board at Erste Group Bank AG
Head of Investor Relations & Group Corporate Development at Addiko Bank AG
Head of Group Strategy/ Corporate Development & Reporting at AI Lake
Head of Group Financial Controlling at Hypo Alpe-Adria-Bank International AG
Chief Risk & Operating Officer at Addiko Bank Slovenia
Executive director of Credit
Risk Department at NLB
Director of Risk Department at NLB
Head of Credit Portfolio Management at NLB
Interim Chief Executive Officer, responsible for Retail, Digital, IT & Marketing at Anadi Bank
CMO at easybank
General Manager Digital EU at Western Union
Head of Retail Direct & Digital Sales at GE Money Bank
Overview of Addiko Operating as one region - one bank
✓
3Q25, % of Group Assets (rounded)
Austria
(4%2)
Slovenia
(23%)
Croatia
(37%)
BiH Serbia
(19%) (14%)
Montenegro
(4%)
3Q25
~0.9m
Customers
155
Branches
€6.4b
Total Assets
63%-37%
EU vs.
EU accession asset split3
€3.6b
Loans and Advances
€5.2b
Customer Deposits
€887m
Equity
BB
Long-Term IDR issued by Fitch
✓
Fully licensed bank with HQ in Austria, focused 100% on Central and South-Eastern Europe
✓
✓
Addiko Bank AG is regulated by the Austrian Financial Market
Authority ("FMA")1 and by the European Central Bank ("ECB")
✓
✓
Pan-regional platform focused on growth in Consumer and SME lending
✓
✓
Listed on the Vienna Stock exchange on 12 July 2019, admitted to ATX Prime on 15 July 2019 (19.5m shares)
Repositioned as a focused CSEE specialist lender
Consumer
SME
1 Finanzmarktaufsicht Österreich.
2 Includes total assets from Holding (€1,081m) and consolidation/recon. effects of (-€835m).
3 EU is calculated based on sum of total assets from Slovenia, Croatia and Holding (incl. consolidation). EU accession is calculated based on sum of total assets from Bosnia & Herzegovina, Serbia and Montenegro.
9.99%
36.74%
9.69%
1.43%
5.07%
5.43%
6.73%
6.88%
9.63%
8.40%
Dr. Jelitzka + Partner conditionally sold 6.80% (major holdings from 3 April 2024)
WINEGG Realitäten conditionally sold 6.73% (major holdings from 3 April 2024)
Both conditional share purchase agreements expire on 30 June 2026 (as published in Alta Group d.o.o.'s major holdings on 3 July 2025)
*Contains own shares acquired by Addiko Bank AG through share buybacks. The Company currently holds 212,858 own shares as of 3Q25.
The illustration is based on the most recent Major Holdings and Directors Dealings notifications and on sources that the bank considers reliable. Holdings below 4% of the shares are presented in a summarised form. The detailed holdings of the Management and Supervisory Board are shown in the Directors Dealings section. Addiko Bank AG does not guarantee the accuracy or completeness of the text and graph.
Latest status published on https://www.addiko.com/shareholder-structure/
GDP forecasts (%, real growth)
Previous Forecast
2024 | 2025E Base | 2026E Base | 2027E Base | Δ 2025 | ||||
Slovenia | 1.7% | 0.5% | 1.8% | 2.2% | -1.3% | |||
Croatia | 3.9% | 3.0% | 2.8% | 2.7% | +0.2% | |||
Serbia | 3.9% | 2.0% | 3.5% | 4.0% | -1.0% | |||
Bosnia & Herzegovina | 3.0% | 2.2% | 2.7% | 3.0% | -0.2% | |||
Montenegro | 3.2% | 3.4% | 3.4% | 3.2% | 0.0% | |||
Romania | 0.8% | 0.8% | 1.2% | 2.0% | -0.4% | |||
Euro Area | 0.9% | 1.1% | 1.6% | 1.7% | +0.4% | |||
Deposit Facility Rate (in bp, yearly Ø)
2024
2025E
Base
2026E
Base
2027E
Base
Δ
2025
Mid-term Assumption 226 200 200
CPI (%, per year)
2024 | 2025E Base | 2026E Base | 2027E Base | Δ 2025 | ||||
Slovenia | 2.0% | 2.8% | 2.0% | 2.0% | +0.7% | |||
Croatia | 4.0% | 3.7% | 2.9% | 2.8% | +0.3% | |||
Serbia | 4.8% | 4.5% | 4.0% | 3.5% | +0.3% | |||
Bosnia & Herzegovina | 1.7% | 3.3% | 2.4% | 1.8% | +1.1% | |||
Montenegro | 3.6% | 4.0% | 3.6% | 3.0% | +1.0% | |||
Romania | 5.8% | 7.2% | 6.5% | 5.0% | +2.1% | |||
Euro Area | 2.4% | 2.3% | 2.1% | 2.1% | +0.1% | |||
Source: The Vienna Institute for International Economic Studies (wiiw) as of October 2025.
Carbon footprint
reduction
Committed to the
good
Making ESG work
through good governance
Vision
Mission
Addiko helps its employees and customers to become more climate neutral
Addiko supports social equality on all levels
Sound principles of governance in Addiko's DNA
17 initiatives
Electromobility Environment friendly banking services
Digitally initiated sales
Electricity from renewable resources Green products
Diversity and inclusion Work-life balance Health & safety
Training & skills development
Feedback culture Access to quality information Access to products & services
Supporting communities
Digitalization of compliance governance processes
Protection of Whistleblowers Membership in associations Supplier ESG risk assessment
Assets Liabilities and Equity
YTD 3Q25, €b YTD 3Q25, €b
✓• Liquid balance sheet
- LCR ratio: 389% (YE24: 363%)
✓• Liquid assets
€1.0b of cash (179bps on
avg.)
€1.5b of investment
portfolio (278bps on avg.)
0.2
Other Assets
✓• Substantially de-risked asset base
- NPE ratio: 2.0% (YE24: 2.0%)
NPE ratio (on balance) : 2.9% (YE24: 2.9%)
✓• Solid provision coverage levels
82.2% NPE coverage ratio (YE24: 80.0%)
103.6% incl. collateral (YE24: 103.5%)
Cash and Investment Portfolio
Loans and Advances (customers)
6.4
2.5
3.6
6.4
Other Liabilities Due to Credit Institutions Direct Deposits
0.9
4.7
0.5
0.1
0.1
✓• Strong deposit base
- Loan/deposit ratio (customer): 69.0% (YE24:
66.3%)
✓• Funding surplus1: c. €1.6b
Deposits Network
✓• Robust capital base
21.3% CET1 ratio (Basel IV)
✓• Equity rose from €839.5m to
€887.4m
including the 3Q25 result of
€35.3m and
the positive development in the other comprehensive income of €12.6m
Equity
1 Calculated as difference between deposits of customers and loans and advances to customers.
VisionWe will turn Addiko into leading CSEE specialist bank for Consumer & SME customers
We are focused and offer the best digital products to challenge universal banks
We will accelerate the bank's transformation and generate value for our shareholders
We offer better personal customer service than pure online banks
Consumer (Mid-Term)
Products
SME (Mid-Term)
New Products
New Products
Enhanced SME targeting through focus on data, efficiency and leveraging the unique selling proposition of fast loans
Embedded finance - Expansion to new industries with >30% of new business with higher interest rates & cross selling
Building SME ecosystems of
new products
Focus on less capital-intensive new products (packages, cards) driving fees
Distribution
POS /
Partnership
Smart Targeting
Fastest lending solutions also available online to increase online channel distribution to 70%
E2E digital lending replacing 10-20% branch business adding
convenience to digital customer
Digital
E2E Digital Lending
E2E Digital Lending
Better mobile banking application offering engaging propositions tailored to diverse SME products
Better engaging mobile banking / cash-in & payment solutions driving better share of wallet
Platform
M-Banking App
M-Banking App
Operational Excellence
Best-in-class Risk Management
Gross performing loans in focus segments
Gross loans of focus segments as % of total gross performing loans
Gross yield by segment1
3Q25 YTD
QTD 3Q25
7.1%
yield
QTD 2Q25
7.3%
yield
QTD 1Q25
7.4%
yield
Full year 2024
7.4%
yield
% in focus (stock)
40%
2016
65%
51% | 56% | 62% |
2017 | 2018 | 2019 |
2020 74%
Consumer
5.3%
4.1%
5.2%
2021
82%
2022
87%
2023
89%
2024
91%
3Q2
95%
SME
Mortgages
5
7.3%
5.1%
5.3%
5.4%
5.8%
3.9%
4.1%
4.2%
4.4%
5.8%
6.2%
5.1%
4.7%
Large Corporates & Public
% change of gross performing loans in focus vs. previous period
Shift to focus continued reaching 91% at 3Q25
Focus yield maintained at 6.5% (-22bp YoY) in 3Q25 despite eight rate cuts implemented by ECB since June 2024 (each 25bp) totalling a reduction of 2.0%
1 The gross yield is calculated as regular interest income (i.e. excluding interest income on NPE, interest like income and before FTP) divided by the simple average of gross performing loans based on beginning and end of period amounts.
Consumer (Micro shifted to SME as of 1Q21)
€m, YTD
SME
€m, YTD
1,846 1,877 1,919 1,962 2,015
1,706 1,752 1,803
1,535
1,342 1,312 1,389
1,188
2018 2019 2020 2021 2022 2023
1Q25 1H25 3Q25
748
579
637
707
612
501
491
340
235
1Q24 1H24 3Q24 YE24
851
637
428
203
Gross Performing Loans
1,310 1,322 1,332 1,301 1,261 1,266 1,286 1,279
New Business Volume (YTD)
Gross performing loans down 2% YoY
New business up 9% YoY (deep price cuts by competition, muted demand, prudent risk restrictions and other factors)
2018 2019 2020 2021 2022 2023 1Q24 1H24 3Q24 2024 1Q25 1H25 3Q25
1,188 | ||
1,059 1,040 1,057 | ||
928 | ||
2018 2019 2020 2021 2022 2023 | 1Q24 1H24 3Q24 YE24 | 1Q25 1H25 3Q25 |
815 | ||
710 | 706 | |
558 627 566 457 | 522 363 | 570 389 |
177 | 181 |
2018 2019 2020 2021 2022 2023 1Q24 1H24 3Q24 2024 1Q25 1H25 3Q25
Gross performing loans up 9% YoY
New business up by 17% YoY
New business during 3Q25
€m
73
69 76
77
86
85 85
91
93
91
74
80
78
57
67
76
63
74
69
66
70
3Q25YTD: 748
Consumer
0
0
0
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
64 61
72 71
80
64 64
68 63
77
63
64
40
49
54
53
62
48
58
57
42
3Q25YTD: 570
SME
0
0
0
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
2024 2025
Digital capabilities
+8% YoY
314
334
YTD
150
230
188
258
291
309
Registered Mobile Banking Users (ths.)
318
323
301
273
246
210
177
+7% YoY
341
Digital Users (ths.)
2019 2020 2021 2022 2023 3Q24 2024 3Q25
Key financials P&L
in €m
YTD QTD
3Q25 (YTD) | 3Q24 (YTD) | +/- PY |
3Q25 (QTD) | 2Q25 (QTD) | +/- PQ |
Net interest income 177.8 181.7 -2.2% 60.0 59.1 1.6%
Net fee and commission income 57.8 53.6 7.8% 20.5 19.1 7.7%
Net banking income 235.6 235.3 0.1% 80.5 78.1 3.1%
Other income 1-8.1 -8.7 6.7% -2.1 -2.8 22.9%
Operating income 227.4 226.6 0.4% 78.4 75.3 4.1%
General administrative expenses -144.5 -143.1 -1.0% -47.1 -49.0 3.7%
Operating result 2
82.9 83.5 -0.8% 31.2 26.4 18.5%
Other result -10.5 -10.5 -0.7% -5.7 -3.1 -83.4%
Expected credit loss expenses 3 -25.5 -25.0 -1.9% -11.1 -9.7 -14.1%
Result before tax 46.8 48.0 -2.5% 14.5 13.5 6.9%
Result after tax 35.3 37.7 -6.4% 11.3 9.5 18.4%
Balance Sheet
n €m
3Q25 (YTD)
3Q24 (YTD)
+/- PY
Total assets 6,362 6,251 1.8%
Loans and advances to customers 3,608 3,527 2.3%
o/w gross performing loans 3,612 3,534 2.2%
Customer deposits 5,226 5,139 1.7%
Shareholders' equity 887 830 6.9%
ey Ratios
3Q25 (YTD)
3Q24 (YTD)
+/- PY (pts)
i +/- PQ
-0.5%
0.6%
0.9%
-0.5%
1.7%
K
+/- PQ (pts)
NIM (in bps) 372 391 -19 1
Cost/income ratio 61.4% 60.8% 0.6% -1.5%
NPE Ratio (GE based) 2.0% 2.0% 0.0% 0.0%
NPE Ratio (on-balance loans) 2.9% 2.9% 0.0% -0.1%
Cost of risk (net loans) -0.71% -0.71% 0.0% -0.31%
Loan-deposit ratio (customer) 69.0% 68.6% 0.4% 0.8%
RoATE 5.6% 6.4% -0.7% -0.2%
•1 Operating result down 0.8% YoY to €82.9m:
Net interest income down 2.2% YoY with strong performance of the consumer business, neutralised by the impact of the changed interest curve, with eight rate cuts since June 2024, reducing income from the variable loan portfolio and national bank deposits
Net fee and commission income up 7.8% due to higher income from bancassurance, accounts & packages and cards
Gen. admin. expenses (OPEX) stable while reflecting gradual cost adjustments following elevated inflation (operationally up 3.2% excluding €3.0m extraordinary advisory costs related to take-over offers in 2024)
Other result reflecting a stable situation regarding legal provisioning
Result after tax of €35.3m reflects stable net banking income, increased costs, a benign cost of risk and higher tax expenses due to changed tax law in Slovenia
•4 CET1 ratio (Basel IV) at 21.3%
RoATE at 5.6%
(3Q24: 6.4% with €57m lower equity)
CET1 ratio/ Total capital ratio 4
21.3% 21.11% 0.1% 0.0%
1 Includes net result on financial instruments and other operating result. 2 Operating result before impairments and provisions.
3 Expected credit loss expenses on financial assets. 4 2025 based on Basel IV.
Net interest income
€m
370bp
369bp
373bp
391bp
372bp
-2.2%
NIM
+2.2%
+1.6%
181.7 177.8
Net fee and commission income
€m
31%
32%
34%
29%
32%
% of NII
+7.8%
58.7 59.1 60.0
53.6 57.8
+12.8%
+7.7%
18.2 19.1 20.5
3Q24 (YTD) 3Q25 (YTD)
1Q25 (QTD) 2Q25 (QTD) 3Q25 (QTD)
3Q24 (YTD) 3Q25 (YTD)
1Q25 (QTD) 2Q25 (QTD) 3Q25 (QTD)
Strong performance of the consumer business neutralised by the impact of the changed interest curve leading to lower income on the variable loan portfolio and national bank deposits
Share of a-vista/demand deposits at 63% 3Q25 (YE24: 59%)
NCI increased YoY due to higher income from bancassurance, accounts & packages, cards, and the effects of a revised profit-sharing agreement for insurance products
Operating expenses
€m
63%
63%
59%
61%
61%
CIR
Credit loss expenses on financial assets
€m
-0.13%
-0.27%
-0.31%
-0.71%
-0.71%
CoR
(net loans)
+1.0%
143.1 144.5
3Q24 (YTD) 3Q25 (YTD)
-2.6%
-3.7%
48.4 49.0 47.1
1Q25 (QTD) 2Q25 (QTD) 3Q25 (QTD)
-25.0 -25.5
3Q24 (YTD) 3Q25 (YTD)
-4.6 -9.7 -11.1
1Q25 (QTD) 2Q25 (QTD) 3Q25 (QTD)
OPEX reflecting a 3.2% YoY increase when excluding the €3.0m extraordinary advisory costs related to take-over offers included in the prior-year figure
Increase mainly driven by gradual wage adjustments implemented in 2024, which took full effect in 2025 and general indexation
NPE ratio stable at 2.9%
Post-model adjustment in ECL stock including €3.0m from model changes expected to occur during 4Q25 in addition to €1.2m of previously booked PMA to reflect remaining uncertainties
Interest income by quarter1
€m
75.7
74.5
73.6
20.5
21.4
20.2
18.8
17.9
1.1
3.6
0.9
3.4
0.9
3.1
0.7
2.9
0.6
2.7
53.0
53.0
51.5
52.1
18.9
92%
18.3
93%
93%
94%
16.9
16.8
16.6
52.4
94%
34.1
34.6
34.6
35.3
35.8
3Q24
4Q24
1Q25
2Q25
3Q25
78.2 78.6
Other
Public & Large Corporates Mortgages
SME
Consumer
% of reg. interest income (i.e. excl. Other)
Interest income strong performance of the consumer business neutralised by the impact of the changed interest curve on the variable loan portfolio and national bank deposits
Focus interest income up by 0.8% YoY
1 For segments only regular interest income is shown.
2 The gross yield is calculated as annualised regular interest income divided by the simple average of gross performing loans based on beginning and end of period amounts. New business yields are calculated using daily averages.
Gross yield by quarter2
3Q24
7.4%
4Q24
7.4%
1Q25
7.4%
2Q25
7.3%
3Q25
7.1%
Consumer
8.0%
new business
7.8%
new business
7.2%
new business
7.3%
new business
7.1%
new business
5.7%
5.7%
5.4%
5.3%
5.1%
SME
6.0%
new business
5.8%
new business
5.2%
new business
5.1%
new business
5.0%
new business
Public &
Large Corporates
5.8%
5.7%
6.2%
5.1%
4.7%
Mortgages
4.4%
4.3%
4.2%
4.1%
3.9%
New business yields following market trend vPQ and rate
cuts
Premium pricing in all countries maintained, despite increasing pricing pressure in all markets with lower premiums
Treasury interest income by quarter
€m
HTC bond portfolio: Hold-to-Collect (HTC) strategy implemented as of 1 July 2022
Treasury: ECB rate cuts impacting income from national bank deposits
HTC&S bond portfolio: interest income from the Hold-to-Collect-and-Sell (HTC&S) bond portfolio of the non-EU entities
HTC bond portfolio strategy: interest income from the instruments held under the Hold-to-Collect (HTC) bond portfolio strategy in EU entities. This portfolio is steered as the HTC bond portfolio, based on the treasury investment strategy, but still classified as HTC&S as no accounting reclassification was possible
17.9
21.2
20.5
20.2
18.8
Other interest income (total)
HTC bond portfolio strategy
HTC bond
portfolio
HTC&S bond portfolio
Treasury
17.9
1.0
6.2
2.0
8.8
17.0
1.0
6.8
1.9
7.3
17.1
0.9
7.2
1.9
7.1
15.7
0.9
8.3
1.0
5.4
14.9
0.9
8.0
1.4
4.6
3Q24 4Q24 1Q25 2Q25 3Q25
Interest income from NPEs & interest like income by quarter
3.0
2.8
3.3
0.4
3.5
0.5
3.1
3.1
3.0
0.5
3Q24
4Q24
1Q25
2Q25
3Q25
2.7
2.7
0.4
0.4
2.6
Interest like income (i.e. fees accrued over the lifetime of the loan): In line with business activities
Interest income from NPEs: stable due to limited NPE inflow
€m
income from
Interest NPEs
Interest-
like Income
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Disclaimer
Addiko Bank AG published this content on November 06, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 06, 2025 at 07:07 UTC.
