Slides
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H1 / Q2 2025 results Frankfurt am Main, August 2025 Hubert Spechtenhauser, Chairman of the Management Board Christian Dagrosa, CFO and member of the Management Board
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A. Highlights and business update B. Group results 1ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025
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ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Good regional performance across SEE/EE: 10.0% RoE for Group w/o SA2 Resumed growth in Ukraine following investment guarantee3 received in Dec-24 Group further advances on loan growth and balance sheet transformation: loan growth of 7.2%1 particularly driven by lower-volume client segments (>70% of total growth) H1 2025: ProCredit firmly in execution phase of strategic growth and transformation strategy 2 Profitability on good level amid challenging macro environment: €47m net result or 9.0% RoE Cost increases from strategic investments in growth catalysts largely absorbed FY 2025 outlook for loan growth, RoE and CET1 ratio confirmed; cost-income ratio expected at around 70% 1) FX-adjusted 2) Calculation for Group w/o SA as presented on page 18 of this presentation 3) Insured under the umbrella of German investment guarantee scheme from the Federal Government of Germany
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H1 2025 at a glance 3ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 +4.9% Loan portfolio €7.4bn FX-adjusted: +7.2% Customer loans Customer deposits -0.9% Customer deposits €8.2bn FX-adjusted: +1.5% CET1 ratio Stage-3 ratio 2.1% -0.1 pp ytd 13.1% +0.1 pp ytd RoE 9.0% Group w/o SA: 10.0% €47.0m based on 70.9% C/I ratio and 1 bps cost of risk Net result Note: RoE annualised; calculation for Group w/o SA as presented on page 18 of this presentation
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4ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Outstanding progress in strategy implementation with strong momentum in target growth segments 4 Strong and granular balance sheet growth since launch of updated business strategy • Focused expansion of portfolio with lower-volume segments (small, micro, private clients) and banks • Strong private client deposits growth in line with retail banking strategy • Structural transformation of balance sheet to translate into P&L over time +30% loan portfolio in lower- volume segments1 +22% loan portfolio of smaller banks2 +26% private client deposit growth (in €bn) (in €bn) (in €bn) Note: 1) Small, Micro, Private clients 2) ProCredit banks in Albania, Bosnia, Georgia, Moldova, Romania 2.6 3.4 1.5 1.9 2.9 3.6 FY-23 H1-25
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Key macro factors 5 Growth outlook Median real GDP growth ’25-’30 Banking sector penetration Loans / GDP ’23 EU Member states EU candidates EU applicants H1-25 Loan growth (fx-adjusted) Romania +6.9% Moldova +10.3% Ukraine +13.0% Georgia +3.4% Bulgaria +7.1% Serbia +7.5% Bosnia & Herz. +7.7% Albania +6.9% Kosovo +11.7% North Macedonia +8.9% 3.5% 1.2% (1) ProCredit countries Euro area(1) ~0.5x ~1.4x ProCredit countries Euro area Accelerated growth in attractive and highly relevant SEE/EE region Economic transformation & impact potential Increased geopolitical importance Attractive growth prospects Note: 1) 11 ProCredit countries, excluding Ecuador and Germany; Source: International Monetary Fund (Apr-25) ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Greece -0.7%
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People and training Modern branch network State-of-the-art technology Marketing & communication 6ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Rationale Development since ‘23 Status Achieving strong progress on all strategic growth investments Increase in cost base due to these investments largely absorbed Strong increase in staff, focused on front-office functions (retail, business) and IT New branches mainly for MSME clients, and service points for private clients, plus modernizations Enhanced digital infra- structure for MSMEs and substantial retail process and product improvement 31% ~+0% FY-24 FY-25 Increase in IT budget (Quipu) Hiring completed, successfully filled positions planned until end 2025 Highly targeted approach, selected expansion largely completed Roll-out of developments in progress, e.g. retail banking infrastructure Targeted local marketing and communication with retail customers 21% ~+0% FY-24 FY-25 Increase in marketing budget No substantial increases envisaged this year, targeted measures in progress 19% 0% FY-24 H1-25 Staff increase 47 6 FY-24 H1-25 Increase in branches and service points
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Outlook FY 2025 Firmly in implementation phase of business strategy 7 FY 2025 outlook Assumptions and risk factors: Assumptions and risk factors that apply to the FY 2025 outlook are included in the appendix of this presentation. ► Return on equity (RoE) Around 10% Based on continued low cost of risk ► Cost-income ratio (CIR) Updated: Around 70% Previous: Around FY-24 level ► CET1 ratio and dividend Around 13% CET1 ratio, 1/3 dividend payout ratio ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 ► Growth of the loan portfolio Around 12% Adjusted by FX effects Note: Previous assumption for growth of the loan portfolio was no significant FX volatility
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Medium-term guidance Leading bank for MSMEs in our region Attractive bank for private clients with superior customer experience Increased size and scale for enhanced medium-term profitability Strong sustainability commitment 8 >€10bn loan portfolio (based on significant growth in # of clients) Return on equity ~13-14% (w/o ~1.5pp upside potential from Ukraine) Offer attractive dividends (33% payout ratio in line with group dividend policy) Cost income ratio ~57% (w/o one-off effects) Target operating model ProCredit’s medium-term ambitions ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Note: Return on equity of ~13 – 14%, based on over the cycle risk costs of 30 – 35 basis points
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A. Highlights and business update B. Group results 9ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025
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6,226 6,656 7,010 7,357 42% 43% 44% 46% FY-23 H1-24 FY-24 H1-25 Medium Small Micro Private clients 10.5% YoY 4.9% YTD (in EUR m) 618 620 474 478 263 278 1,355 1,376 FY-24 H1-25 Energy efficiency Renewable energy Other green investments 1.6% YTD (in EUR m) 47% 34% 19% Investment loans Working capital loans Green loans Strong portfolio growth driven by all client segments ► Customer loans increase by EUR 504m or 7.2% (adjusted for fx effects), as execution of growth and transformation strategy is in full momentum Due to depreciation of local currencies, loan portfolio growth is at EUR 347m or 4.9% >70% of growth from lower-volume segments (Micro, Small and Private Clients) with higher average interest rates, good deposit-reciprocity and lower capital intensity Share of lower volume segments in total loans increases by 2pp YTD and by 4pp since launch of updated business strategy (FY-23) Smaller banks with highest scaling potential also showing strong average growth rate of 7.0% in H1 (fx-adjusted) ► Green loan portfolio at EUR 1.4bn, representing close to 20% of total loan portfolio Loan portfolio by loan type Loan portfolio growth 10 Green loan portfolio Lower- volume segments ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025
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39% 22% 39% Current accounts Savings accounts Term deposit accounts 7,254 7,549 8,291 8,219 41% 44% 43% 45% FY-23 H1-24 FY-24 H1-25 Medium Small Micro Institutional Private clients 8.9% YoY -0.9% YTD (in EUR m) Strong deposit development through digital banking channels 11ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 ► Customer deposits grow by EUR 120m or 1.5% (fx-adjusted) Taking into account depreciation of local currencies, deposits reduce by EUR 72m or 0.9% Seasonal effects from economic cycle in countries of operation leading to reductions of business client current accounts after strong increase in Q4-24 Share of deposits from private clients increases by 2pp YTD and by 4pp since FY-23, demonstrating good progress of ProCredit’s direct banking strategy ► Further increased and diversified deposit base as strategic priority to support margin development in the coming years Deposit growth Deposits by client and key metrics 45% share of deposits from private clients, up 4pp since FY-23 112% deposit / loan ratio, down 1.7 pp yoy Private clients
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74.6 76.4 Q2-24 Q2-25 (in EUR m) 2.4% 66.3% 71.1% 140.8 151.1 H1-24 H1-25 (in EUR m) 7.4% 64.1% 70.9%CIR 112.6 107.5 Q2-24 Q2-25 -4.5% (in EUR m) 219.7 213.1 H1-24 H1-25 -3.0% (in EUR m) 12 Operating income and expense overview ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 ► Operating income at EUR 213.1m in H1-25, down by 3% yoy NII reduced by EUR 9.2m yoy mainly due to lower interest rates on cash and cash equivalents, in particular held at central banks, with at the same time continued high market rates for customer deposits and effect from green T2 bond issue in Apr-24 Net fee income grew by EUR 2.7m yoy due to higher income from transactions and fx business Currency effects with slight negative effect on income side, but largely neutral on net result Operating income Personnel and administrative expenses ► Cost-income ratio at elevated level of 70.9% Strategic investments mostly executed in FY-24, driving higher costs for personnel, IT, marketing and depreciation Cost increases related to strategic investments now largely absorbed Administrative expenses Personnel expenses Net interest income Net fee and commission income Other operating income (net)
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H1-24 Volume (assets) Volume (liabilities) Pricing (assets) Pricing (liabilities) Other H1-25 180.6 26.8 -8.9 -29.4 2.2 0.1 171.3 (in EUR m) 90.5 90.0 87.7 85.0 86.4 3.6% 3.5% 3.3% 3.2% 3.2% Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Net interest income NIM (in EUR m) Net interest income ► NII in Q2 at EUR 86.4m with NIM at 3.2% EUR EUR 1.4m increase with respect to previous quarter; NIM grows by 6 bps Increase driven by days-effect and higher loan volume Reductions in ECB and local policy rates have not yet resulted in generally lower market rates for deposits ► NII down EUR 9.2m or 5.1% yoy; NIM at 3.2%, 45 bps below previous year. Interest income from Volume-driven increase in interest income from customer loans still more than offset by negative pricing effects yoy Volume-driven increase in interest expenses due to higher volume of TDAs and subordinated debt NII reduction yoy mainly in central functions in Germany (EUR 6.2m) due to lower EURIBOR and green bond issuance; as well as Ukraine (EUR 3.8m) due to significantly lower policy rate Overall, EUR 13.4m pricing-driven decrease in income from cash and cash equivalents only partially offset by EUR 11.1m increase in income from loans to customers 13ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Quarterly development Development yoy (H1-24 vs. H1-25)
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23.2 23.0 24.3 22.6 24.5 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Net fee and commission income (in EUR m) Net fee and commission income ► Q2 net fee and commission income of EUR 24.5m, 8.4% above Q1 Income from payments, cards and fx transactions all contributing to the increase Q1 with seasonally lower transaction volume ► H1 net fee and commission income up EUR 2.7m or 6.2% yoy Net fee income from fx transactions up EUR 2.8m Net fee income from payment services up EUR 1.6m Reduced net contribution from card services of EUR 0.9m as result of fee increases from card providers 14ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Quarterly development Development yoy (H1-24 vs. H1-25) Fee income split (H1-25) Note: Previous year figures have been adapted to the current disclosure structure 33% 38% 23% 4% 3% Payment services FX transactions Account fee Credit letters Cards and other 1.6 2.8 0.5 0.2 -1.9 -0.5 H1-24 Payment services FX transactions Credit letters Account fee Cards and other Guarantee costs H1-25 44.3 47.0 (in EUR m)
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H1-24 Personnel IT Depreciation Marketing Other admin H1-25 140.8 151.11.8-2.11.43.26.0 (in EUR m) 37.1 37.1 40.4 38.1 37.2 37.6 39.3 45.2 36.7 39.2 66.3% 68.8% 75.4% 70.8% 71.1% -15.0% -5.0% 5.0% 15.0% 25.0% 35.0% 45.0% 55.0% 65.0% 75.0% 85.0% Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Personnel expenses Administrative expenses Cost-income ratio (in EUR m) Personnel and administrative expenses 15ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Quarterly development Development yoy (H1-24 vs. H1-25) Admin expense split (H1-25) ► Q2 personnel and administrative expenses of EUR 76.4m, 2.3% above Q1 Personnel expenses slightly decreased whilst administrative expenses increased mainly relating to one-time recognition of consulting expenses ► Yoy increase of EUR 10.4m yoy driven by strong investments in growth catalysts in 2024 Personnel expenses up EUR 6.0m or 8.7% mainly driven by an increase in average staff number of around 500 in H2-24 External IT costs +EUR 3.2m; f/a depreciation +EUR 1.4m as a result of new and modernized branches Marketing costs reduced following substantial campaigns throughout 2024 27% 18% 8% 46% IT Depreciation Marketing Other admin
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5.4 -1.6 -9.3 -0.8 1.1 Loss allowance (in EUR m) 33 bps -10 bps -54 bps -5 bps 6 bps Cost of risk Q1-25 Q2-25Q4-24 Q2-24 Q3-24 Loss allowance ► Q2 loss allowance of EUR 1.1m Corresponds to 6 basis points cost of risk Recoveries from w/o loans of EUR 3.2m continue to contribute significantly to structurally low cost of risk No impact from semi-annual update of macro parameters ► Broadly stable level of total B/S loss allowance EUR 179.5m total loss allowance Increases from good loan growth and credit risk compensated by write-offs and other effects, mainly from currency changes Stock of management overlays stable at EUR 59.2m, representing 33% of total provisions 16ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Quarterly development Loss allowance on balance sheet (H1-25)
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2.5% 2.3% 2.3% 2.2% 2.1% Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 55.6% 56.1% 49.9% 50.5% 49.3% 8.1% 8.2% 8.1% 8.2% 8.8% Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 0.2% 0.2% 0.2% -0.1% -0.1% Trade 25% Production 18% Agriculture 15% Construction 10% Electricity 5% Transportation 4% Hotel, restaurant 3% Other economic activities 8% Housing 8% Investment and other 4% Loan portfolio quality 17ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Loan portfolio by geography Loan portfolio by sector Net-write offs (annualised) Stage 3 and coverage ratio Stage 2 1) Greece via Bulgaria entity Bulgaria 20% Serbia 14% Kosovo 13% Macedonia 8% Romania 6% Greece 6% Bosnia & Herzegovina 5% Albania 5% Ukraine 7% Georgia 6% Moldova 3% Ecuador 6% Germany 1% 1
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52.7 19.6 -5.4 -19.8 52.5 47.0 South Eastern Europe Eastern Europe Group functions, net of consolidation Group w/o SA South America Group (H1-25, in EUR m) 18 Contribution of regional segments to group net result 1) Based on average allocated segment equity; Group w/o SA based on group consolidated equity 2) Consolidated group result minus segment South America Customer loan portfolio (EUR m) 5,698 1,195 – 6,928 429 7,357 Change in customer loan portfolio (fx adjusted) +7.4% (+7.6%) +0.6% (+8.8%) – +6.1% (+7.7%) -10.6% (+0.9%) +4.9% (+7.2%) Cost-income ratio 58.7% 61.5% – 67.9% 162.3% 70.9% Allocated equity (EUR m) 819 263 – n/a 40 1,038 Return on equity (annualised)1 13.3% 14.7% – 10.0% -25.1% 9.0% ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Group functions, e.g. risk management, reporting, capital management, IT, liquidity management, training and development Includes ProCredit Holding, Quipu, ProCredit Academy Fürth, PCB Germany (EUR 35m loan portfolio; EUR 232m deposits) 2
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13.1% -0.7% 0.3% 0.8% -0.3% 13.1% CET1 ratio (Dec-24) Loan growth Decrease in liquid assets H2-24 and H1-25 profits Other capital/ RWA effects CET1 ratio (Jun-25) in EUR m Dec-24 Jun-25 CET1 capital 933 951 Additional Tier 1 capital 0 0 Tier 1 capital 933 951 Tier 2 capital 216 209 Total capital 1,149 1,160 RWA total 7,143 7,238 RWA density (RWA / total assets) 66.4% 67.5% CET1 capital ratio (fully loaded) 13.1% 13.1% Total capital ratio 16.1% 16.0% Leverage ratio 8.4% 8.6% 19 Regulatory capital, risk-weighted assets, capital ratios ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 ► CET1 ratio stable at 13.1% including recognition of H1-25 result Capital ratios well above regulatory capital requirements of 9.9% CET1, 12.2% Tier 1, 15.2% Total Capital ratio Comfortable CET1 ratio amid strong loan growth, increase in OCP and operational risk attributable to annual recalibration; 1/3 dividend accrual for YTD profits already deducted ► Risk-weighted assets increases in credit risk mainly from organic business growth in SME and private client business demonstrating execution of the Group’s growth strategy, partially offset by decreased exposures with sovereign counterparties ► Impact from Basel IV fully reflected ► Leverage ratio of 8.6% well above banking sector averages Capitalisation overview Development of CET1 capital ratio (fully loaded)
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Q&A ProCredit Academy, Fürth-Weschnitz, Germany 20
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A. Impact reporting B. P&L and balance sheet C. Loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information 21 Appendix ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025
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22 Impact at ProCredit today Fostering economic growth, environmental protection and social progress ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 ~200k jobs supported by our MSME clients(1) 62% of our business loans for capital formation of clients ~20% green loans for renewable energy & energy efficiency Net-zero SBTi(2) commitment to net-zero Extensive training part of holistic staff training ~20% of our loan clients are woman-owned MSMEs Economic Environmental Social Note: As of FY-24. (1) Estimated using the Joint Impact Model. (2) Science Based Targets Initiative.
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23 2024 sustainability highlights INTERNAL ENVIRONMENTAL INDICATORS DECARBONIZATION BUSINESS LOAN CLIENTS JOBS SUPPORTED THROUGH OUR BUSINESS CLIENTS EMPLOYEES electric and hybrid plug-in cars in vehicle fleet premises certified by EDGE decrease in indoor water consumption per employee decrease in energy consumption per employee total number of green loans ktCO2emissions avoided through RE projects total number of business loan clients of loan clients are from the agriculture sector of loan clients are micro business clients female employment total employment youth employment female representation in managerial roles hours of training per employee annual investment in employee training 61% 6.9% 6 3% 10,143 EUR1,355m 240.7 37,690 19.3% 25.6% 197,111* 42% 7% 53% 124 EUR 9.7m total number of employees ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 4,689 total green loan portfolio CO2 Calculator rolled out in PCB Bulgaria ~20% of loan clients are woman-owned MSMEs *Estimated using the Joint Impact Model.
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ProCredit institutions certified under ISO 14001, EMAS and EDGE Introduction of our PLASTIC STRATEGY GREEN BOND placement with the IFC for green investments by SMEs PROCREDIT DIRECT Digital banking approach for private clients fully implemented Strong impact track record over the decades Network of EV CHARGING STATIONS installed Joined the NET-ZERO BANKING ALLIANCE Joined the UN GLOBAL COMPACT 1980 1997-1998 2003-2006 2008-2014 2015-2017 2018-2020 2021-2022 2023 ORIGIN ProCredit with IPC: Supporting downscaling of financial institutions in developing countries to provide micro loans to the unbanked Establishment of ProCredit as a BANKING GROUP and consolidation of ownership in ProCredit Holding Opening of the ProCredit academies GREEN LOANS granted for energy efficiency and renewable energy investments ENVIRONMENTAL EXCLUSION LIST introduced group-wide in the bank´s Code of Conduct LISTING of ProCredit Holding shares on Frankfurt Stock Exchange and first ESG RATING FIRST MICRO- FINANCE BANK in Bosnia and Herzegovina founded as a greenfield investment Founding of IMI (now ProCredit Holding) Introduction of a group- wide ENVIRONMENTAL MANAGEMENT approach, policy and governance structure BANKING LICENCE IN GERMANY Implementation of German regulatory standards, supervised by German banking authorities MSME FINANCE Shift of focus from micro lending to „Hausbank“ for SMEs Published OUR RESPONSE ON FORCED LABOUR ALLEGATIONS related to photovoltaic panel production in Xinjiang Report on GHG emissions associated with the loan portfolio, following PARTNERSHIP FOR CARBON ACCOUNTING FINANCIALS (PCAF) Commissioning of PROENERGY, our own 3MWp PV plant in Kosovo Defining of emission reduction targets in accordance with SCIENCE BASED TARGETS INITIATIVE (SBTi) Conversion from KGaA to AG Introduction of our INCLUSIVE FINANCE concept, with a focus on gender equity ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 24 2024 First DEI STRATEGY implemented Launching of CO2 CALCULATOR for MSME clients Issuance of GREEN TIER 2 BONDS with placement volume of EUR 125m
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Impact in ProCredit today Sustainability at ProCredit Social impact Environmental impact Climate action Green energy Diversity and inclusion Jobs and investment KPI: Green Lending ~20% Green LP / Total LP KPI: Emission Reduction Carbon neutrality & SBTi commitment to net-zero KPI: Gender Equity ~20% of our loan clients are women owned MSMEs KPI: Jobs ~200k jobs supported by our MSMEs KPI: Investment 62% of our business lending goes to capital formation ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Note: As of FY-24 25
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A. Impact reporting B. P&L and balance sheet C. Loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information 26 Appendix ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025
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H1 2025 results at a glance 27ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Previous year figures have been adapted to the current disclosure structure. In EUR m Q2-24 Q2-25 H1-24 H1-25 Y-o-Y Income statement Net interest income 90.5 86.4 180.6 171.3 -9.2 Net fee and commission income 23.2 24.5 44.3 47.0 2.7 Other operating income (net) -1.2 -3.3 -5.1 -5.3 -0.1 Operating income 112.6 107.5 219.7 213.1 -6.6 Personnel expenses 37.1 37.2 69.3 75.3 6.0 Administrative expenses 37.6 39.2 71.5 75.8 4.4 Loss allowance 5.4 1.1 5.7 0.3 -5.4 Tax expenses 8.4 8.1 15.6 14.6 -1.0 Profit after tax 24.1 21.8 57.6 47.0 -10.6 Key performance indicators Change in customer loan portfolio 3.8% 2.4% 6.9% 4.9% -2.0 pp Cost-income ratio 66.3% 71.1% 64.1% 70.9% 6.9 pp Return on equity 9.5% 8.3% 11.6% 9.0% -2.6 pp CET1 ratio (fully loaded) 14.3% 13.1% 14.3% 13.1% -1.2 pp Additional indicators Net interest margin 3.6% 3.2% 3.6% 3.2% -0.5 pp Net write-off ratio 0.2% -0.1% 0.2% -0.1% -0.3 pp Credit impaired loans (Stage 3) 2.5% 2.1% 2.5% 2.1% -0.3 pp Cost of risk 33 bps 6 bps 18 bps 1 bps -17 bp Stage 3 loans coverage ratio 55.6% 49.3% 55.6% 49.3% -6.3 pp Book value per share (EUR) 17.1 17.6 17.1 17.6 0.6 Deposit-to-loan ratio 113.4% 111.7% 113.4% 111.7% -1.7 pp
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Overview of quarterly financial development 28ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Previous year figures have been adapted to the current disclosure structure. In EUR m Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Income statement Net interest income 90.5 90.0 87.7 85.0 86.4 Net fee and commission income 23.2 23.0 24.3 22.6 24.5 Other operating income (net) -1.2 -2.0 1.6 -1.9 -3.3 Operating income 112.6 111.0 113.6 105.6 107.5 Personnel expenses 37.1 37.1 40.4 38.1 37.2 Administrative expenses 37.6 39.3 45.2 36.7 39.2 Loss allowance 5.4 -1.6 -9.3 -0.8 1.1 Tax expenses 8.4 9.0 17.7 6.5 8.1 Profit after tax 24.1 27.2 19.5 25.2 21.8 Key performance Indicators Change in customer loan portfolio 3.8% 1.9% 3.3% 2.5% 2.4% Cost-income ratio 66.3% 68.8% 75.4% 70.8% 71.1% Return on equity 9.5% 10.7% 7.5% 9.5% 8.3% CET1 ratio (fully loaded) 14.3% 14.1% 13.1% 13.1% 13.1% Additional Indicators Net interest margin 3.6% 3.5% 3.3% 3.2% 3.2% Net write-off ratio 0.2% 0.2% 0.2% -0.1% -0.1% Credit impaired loans (Stage 3) 2.5% 2.3% 2.3% 2.2% 2.1% Cost of risk 33 bps -10 bps -54 bps -5 bps 6 bps Stage 3 loans coverage ratio 55.6% 56.1% 49.9% 50.5% 49.3% Book value per share (EUR) 17.1 17.4 17.9 18.2 17.6 Deposit-to-loan ratio 113.4% 115.3% 118.3% 114.7% 111.7%
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Balance sheet 29ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 in EUR m Dec-24 Jun-25 Assets Cash and central bank balances 2,164 1,912 Loans and advances to banks 514 360 Investment securities 966 960 Loans and advances to customers 7,010 7,357 Loss allowance for loans to customers -182 -179 Derivative financial assets 7 6 Property, plant and equipment 152 161 Other assets 122 138 Total assets 10,752 10,714 Liabilities Liabilities to banks 946 915 Liabilities to customers 8,291 8,219 Derivative financial instruments 1 2 Debt securities 91 189 Other liabilities 111 95 Subordinated debt 255 255 Total liabilities 9,696 9,676 Equity Subscribed capital 294 294 Capital reserve 147 147 Retained earnings 693 706 Translation reserve -80 -111 Revaluation reserve 2 2 Equity attributable to ProCredit shareholders 1,056 1,038 Total equity 1,056 1,038 Total equity and liabilities 10,752 10,714
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30 Balance sheet development ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 YTD asset development YTD liabilities and equity development ► Simple balance sheet structure with 67% of assets net loans to customers and 18% cash and cash equivalents ► Flat development YTD as loan growth compensated by seasonal decrease in liquid assets ► Liabilities and equity structure with 77% liabilities to customers, 9% liabilities to banks and 10% equity ► Slight decrease in customer deposits YTD mainly driven by fx effects
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31 Appendix ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 A. Impact reporting B. P&L and balance sheet C. Loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information
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50% 9% 41% EUR USD Other Currencies 54% 29% 4% 13% Medium Small Micro Private clients Loan portfolio by currency Structure of the loan portfolio by segment and currency Loan portfolio by segment 32ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025
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1,376 18.7% Dec-19 Dec-20 Dec-21 Dec-23 Dec-24 Jun-25 Total green loan portfolio % of total loan portfolio (in EUR m) CAGR 2019-2024: 14% 16.6% 45% 35% 20% Energy efficiency Renewable energy Other green investments ► Green loan portfolio amounting to EUR 1.4bn, representing ~19% of total loan portfolio ► Includes financing of investments in: • Energy efficiency • Renewable energies • Other environmentally-friendly activities ► Investment opportunities in energy efficiency, e.g. buildings’ efficiency measures and other investments to enhance sustainability also with agricultural clients; further unlocking portfolio growth and group diversification Development of green loan portfolio Green loan portfolio growth Structure of green loan portfolio 33ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025
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67% 16% 15% 2% Immovable properties Financial guarantees Other Cash collateral Total: EUR 5.4 bn Structure of collateral ► Majority of collateral consists of mortgages ► Significant share of financial guarantees mainly as a result of InnovFin and other guarantee programmes provided by the European Investment Fund ► Clear, strict requirements for types of acceptable collateral, legal aspects of collateral and insurance of collateral items ► Standardised collateral valuation methodology ► Regular monitoring of the value of all collateral and a clear collateral revaluation process, including use of external independent experts ► Verification of external appraisals, yearly update of market standards and regular monitoring of activities carried out by specialist staff members Collateral by type (FY 2024) 34ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025
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35 Appendix ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 A. Impact reporting B. P&L and balance sheet C. Loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information
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Income statement by segment 36ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 01.01.- 30.06.2025 (in EUR m) Germany Eastern Europe South Eastern Europe South America Consolidation Group Interest and similar income 21.5 81.5 174.3 27.7 -14.9 290.1 of which inter-segment 9.9 2.4 2.5 0.0 0.0 0.0 Interest and similar expenses 27.2 36.6 49.7 20.1 -14.9 118.8 of which inter-segment 6.8 1.6 4.9 1.6 0.0 0.0 Net interest income -5.8 44.9 124.6 7.6 0.0 171.3 Fee and commission income 13.7 14.2 52.4 1.6 -6.9 75.0 of which inter-segment 6.6 0.0 0.4 0.0 0.0 0.0 Fee and commission expenses 4.7 6.8 22.4 0.9 -6.9 28.0 of which inter-segment 0.6 1.7 4.4 0.3 0.0 0.0 Net fee and commission income 9.0 7.4 30.0 0.6 0.0 47.0 Result from derivative financial instruments -0.1 0.0 -1.9 0.0 0.0 -2.1 Result on derecognition of financial assets measured at amortized cost 0.0 0.0 0.0 0.0 0.0 0.0 Net other operating income 51.3 -0.3 2.5 -1.4 -55.4 -3.2 of which inter-segment 48.6 1.3 5.5 0.0 0.0 0.0 Operating income 54.4 52.0 155.2 6.8 -55.4 213.1 Personnel expenses 20.8 12.1 38.1 4.4 0.0 75.3 Administrative expenses 36.2 19.9 53.0 6.7 -40.0 75.8 of which inter-segment 9.9 9.3 18.7 2.1 0.0 0.0 Loss allowance -0.1 -4.8 4.3 1.0 0.0 0.3 Profit before tax -2.5 24.9 59.9 -5.3 -15.3 61.7 Income tax expenses 2.0 5.3 7.2 0.2 0.0 14.6 Profit of the period -4.4 19.6 52.7 -5.4 -15.3 47.0
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16.4% 13.3% H1-24 H1-25 -3.1pp 57.8 52.7 H1-24 H1-25 -9% 55.1% 58.7% H1-24 H1-25 +3.6pp 146.4 155.2 H1-24 H1-25 +6% 37 Segment South Eastern Europe ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Segment key financials SEE Key financial data Cost-income ratio Return on equity Operating income (€m) Profit after tax (€m) (in EUR m) H1-24 H1-25 Net interest income 122.1 124.6 Net fee and commission income 27.8 30.0 Other operating income (net) -3.5 0.6 Operating income 146.4 155.2 Personnel expenses 31.6 38.1 Administrative expenses 49.0 53.0 Loss allowance -0.2 4.3 Tax expenses 8.2 7.2 Profit after tax 57.8 52.7 Change in customer loan portfolio 8.1% 7.4% Deposit-to-loan ratio 110.3% 107.2% Net interest margin 3.5% 3.3% Cost-income ratio 55.1% 58.7% Return on equity 16.4% 13.3%
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17.7% 14.7% H1-24 H1-25 -3.1pp 20.1 19.6 H1-24 H1-25 -3% 48.2% 61.5% H1-24 H1-25 +13.3pp 57.8 52.0 H1-24 H1-25 -10% 38 Segment Eastern Europe ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Segment key financials EE Key financial data Cost-income ratio Return on equity Operating income (€m) Profit after tax (€m) (in EUR m) H1-24 H1-25 Net interest income 49.0 44.9 Net fee and commission income 8.3 7.4 Other operating income (net) 0.5 -0.3 Operating income 57.8 52.0 Personnel expenses 9.8 12.1 Administrative expenses 18.1 19.9 Loss allowance 4.4 -4.8 Tax expenses 5.5 5.3 Profit after tax 20.1 19.6 Change in customer loan portfolio 4.6% 0.6% Deposit-to-loan ratio 119.6% 115.1% Net interest margin 5.3% 4.5% Cost-income ratio 48.2% 61.5% Return on equity 17.7% 14.7%
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-19.6% -25.1% H1-24 H1-25 -5.5pp -4.6 -5.4 H1-24 H1-25 n/m 9.4 6.8 H1-24 H1-25 -27% 134.9% 162.3% H1-24 H1-25 +27.4pp 39 Segment South America ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Segment key financials SA Key financial data Cost-income ratio Return on equity Operating income (€m) Profit after tax (€m) (in EUR m) H1-24 H1-25 Net interest income 9.1 7.6 Net fee and commission income 0.2 0.6 Other operating income (net) 0.1 -1.4 Operating income 9.4 6.8 Personnel expenses 4.9 4.4 Administrative expenses 7.7 6.7 Loss allowance 1.4 1.0 Tax expenses -0.1 0.2 Profit after tax -4.6 -5.4 Change in customer loan portfolio 1.7% -10.6% Deposit-to-loan ratio 84.1% 117.7% Net interest margin 3.0% 2.3% Cost-income ratio 134.9% 162.3% Return on equity -19.6% -25.1%
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40 Key figures per ProCredit bank (as per H1-25) Eastern Europe South Eastern Europe South America Germany Country Bulgaria Serbia Kosovo North Macedonia Romania Bosnia & Herzegovina Customer loan portfolio (EUR m) 1,865 1,053 985 603 450 380 Change in customer loan portfolio (%) 5.3% 7.4% 11.7% 8.6% 6.0% 7.7% Credit impaired loans (Stage 3) 1.0% 2.8% 1.0% 1.6% 1.3% 2.0% Profit after tax (EUR m) 20.1 10.1 13.0 4.9 2.2 2.6 Country Albania Ukraine Georgia Moldova Ecuador Germany Customer loan portfolio (EUR m) 363 522 440 234 429 35 Change in customer loan portfolio (%) 6.8% 2.0% -4.2% 7.7% -10.6% -9.9% Credit impaired loans (Stage 3) 0.9% 3.3% 2.5% 1.7% 9.3% 0.0% Profit after tax (EUR m) -0.4 13.4 4.7 1.5 -5.4 3.0 ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025
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41 Key figures for ProCredit Bank Ukraine ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Development since 2021, before Russian invasion in 2022 Regional risk classification (in EUR m) FY-21 FY-22 FY-23 FY-24 Selected financial indicators Loan portfolio 757 582 497 512 % of group 12.8% 9.5% 8.0% 7.3% % of portfolio in red zone n/a 10.1% 4.0% 1.7% Loss allowance 0.3 86.7 5.5 -7.1 Profit after tax 23.7 -51.8 17.7 21.8 RoE 19.9% -55.5% 28.0% 24.4% Quarterly KPI update Risk zone by business location % of PCB Ukraine loan portfolio % of PCH group loan portfolio Dark Red 0.0% 0.0% Red 1.4% 0.1% Yellow 9.2% 0.6% Green 89.4% 6.3% Note: Loans to private clients included in green category Dark red: Regions occupied by Russian forces since 2014 Very high risk. Districts in warzone or under occupation High risk. A buffer zone from war zone / under occupation regions Low risk. Districts with relatively lower risk to be affected Q1-25 Q2-25 Staff information Number of staff 396 382 Change qoq % 1.8% -1.8% Loan portfolio and quality Loan portfolio (EURm) 514 522 % of group 7.1% 7.1% Share of Stage-3 3.3% 3.3% Coverage ratio Stage-3 83% 75% Income statement (EURm) Net interest income 13.5 13.3 Net fee and commission income 1.0 1.1 Loss allowance -2.1 -0.8 Profit after tax 7.1 6.4 Key metrics Cost-income ratio 46.7% 46.0% RoE 25.4% 22.8% Deposit to loan ratio 150% 141% Local capital buffer > 5pp > 10pp1 1) Including recognition of Dec-24 EUR 20m capital increase
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Strong remaining footprint with good result contribution: 24 18 22 1.5% 11.9% 7.3% 3.7% FY-21 FY-23 FY-24 Profit after tax Credit impaired loans (Stage 3) FY-22 -52 Successful de-risking since 2021: 757 582 497 512 12.8% 9.5% 8.0% 7.3% FY-21 FY-22 FY-23 FY-24 Loan portfolio % of group Update on ProCredit Bank Ukraine (Q4-24 presentation) 42ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 ProCredit Holding increases capital of ProCredit Bank Ukraine by EUR 20m Insured by the Federal Government of Germany and resulting in strengthened positioning for any potential upside scenario Summary and key considerations: ► Capital increase at ProCredit Bank Ukraine from ProCredit Holding by EUR 20 million in Dec-24 ► By way of conversion of remaining subordinated loan agreement from ProCredit Holding with the bank into equity ► New investment insured under the umbrella of the German investment guarantee scheme by the Federal Government of Germany, resulting in reduction of group exposure to Ukraine ► Comfortable CET1 buffer against local requirements; local capital buffer increased to a pro-forma level of above 12 percentage points ► Positioning for any potential upside scenario in the country, e.g. reconstruction effort by the Western community UPDATE UKRAINE (in EURm)(in EURm)
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43 Appendix ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 A. Impact reporting B. P&L and balance sheet C. Loan portfolio D. Information on segment and bank level E. Capital, liquidity and other information
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178% 174% 162% 100% 100% 100% 158% 154% 146% Dec-23 Dec-24 Jun-25 LCR Regulatory minimum NSFR ratio 2.6 2.2 2.3 36% 27% 28% Dec-23 Dec-24 Jun-25 HLA HLA ratio (in EUR bn) 85% 9% 2% 3% 1% Customer deposits Liabilities to banks Debt securities Subordinated debt Other liabilities Funding, rating and liquidity Total liabilities: EUR 9.7 bn 44ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 BBB (stable) ProCredit Holding rating by Fitch, last affirmed on 28 April 2025 Liquidity coverage ratio (LCR) and NSFR Highly liquid assets (HLA) and HLA ratio Funding sources 112% deposit- loan ratio down 1.7 pp yoy
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Explanatory note on performance indicators and ratios 45ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 The ProCredit group uses an integrated system of indicators to monitor and manage the implementation and further development of the group’s business and risk strategy: The growth of the customer loan portfolio(1) is a key indicator of the success of new business and also provides reference points for the future earning capacity The cost-income ratio(2) is a relative indicator that provides insight into our efficient use of resources Return on equity (RoE)(3) is the most important indicator in terms of profitability; strong emphasis is placed on maintaining a sustainable RoE in conjunction with an appropriate risk profile The Common Equity Tier 1 capital ratio (CET 1)(4) is regarded as a key indicator for compliance with regulatory and internal capital requirements. It also serves as a benchmark for solvency and as basis for strategic decisions The group also considers the following additional indicators: The ratio of customer deposits to the customer loan portfolio(5) reflects the ability to fund lending business through customer deposits The net interest margin(6) is an important indicator of profitability and measures the average interest earnings The share of credit-impaired loans(7) is the most significant indicator to assess portfolio quality The credit-impaired coverage ratio(8) gives insights into loss allowances for credit- impaired loans to the total volume of credit-impaired loans The cost of risk(9) indicates the credit risk expenses relative to portfolio size in a given period The net write-off (10) ratio shows how much loan portfolio is written off (net of recoveries) relative to portfolio size in a given period The green customer loan portfolio includes financing for investments in energy efficiency, renewable energies or other environmentally friendly technologies. By expanding the green portfolio, an important contribution to sustainability goals is made, as presented in the Impact Report The group considers amongst others the following risk factors to its short- and medium- term guidance: In our forecasts we do not take into account any upside potential, e.g. through reconstruction of the country co-financed by the Western community. Additional risk factors include negative economic impacts related to major disruptions in our countries of operation, intensified supply-chain and energy-sector disruptions, adverse changes in our funding markets, significant changes in foreign trade or monetary policy, a deterioration in interest rate margins particularly in countries with rate ceilings (Bosnia and Herzegovina, Ecuador and Kosovo) to the extent that higher funding costs cannot be fully passed on to customers due to the rate ceilings, an increase in inflation rates and pronounced exchange rate fluctuations. We currently expect the comprehensive tariffs imposed by the United States on a large number of countries in 2025 to have only a limited direct impact on our business, as the United States is not a significant export market for the countries in which we operate, with the exception of Ecuador. Regardless, the change in US trade policy poses a general risk to global economic development, which could also potentially affect the markets we serve.. (1) Our customer loan portfolio as of the balance sheet date of the current period relative to our customer loan portfolio as of 31 December of the previous year. Our customer loan portfolio corresponds to loans and advances to customers before loss allowances (2) Our personnel and administrative expenses relative to operating income (excl. expenses for loss allowances) (3) Profit attributable to ProCredit shareholders, divided by the average equity held by the ProCredit shareholders (annualised for quarterly figures) (4) Ratio of our CET1 capital to risk- weighted assets (5) Our customer loan portfolio relative to customer deposits as of the balance sheet date (6) Our net interest income relative to the average total assets in the reporting period (annualised for quarterly figures) (7) Credit-impaired loans relative to the customer loan portfolio as of the respective balance sheet date (8) Loss allowances in credit-impaired loan portfolio relative to credit-impaired loans as of the balance sheet date (9) Loss allowance expenses relative to average customer loan portfolio (annualised for quarterly figures) (10) Gross write offs net of recoveries relative to average customer loan portfolio (annualised for quarterly figures) Note: Figures for previous periods might differ from presentation at the respective point in time for example as result of reclassifications.
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Contact Investor Relations Investor Relations ProCredit Holding AG Investor Relations Team tel.: +49 69 951 437 300 e-mail: PCH.ir@procredit-group.com Media Relations ProCredit Holding AG Petra Vielhaber tel.: +49 69 951 437 0 e-mail: PCH.media@procredit-group.com Financial calendar (continuously updated on IR Website) 46ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025 Date Location Event information 27.08.2025 Hamburg Hamburger Investorentage 13.11.2025 Quarterly Report as of 30 September 2025 24.11. – 25.11.2025 Frankfurt/ Main Deutsches Eigenkapitalforum 2025
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The material in this presentation and further supporting documents have been prepared by ProCredit Holding AG, Frankfurt am Main, Federal Republic of Germany (“ProCredit Holding”) and provide general background information about the ProCredit group’s current activities as of the date of this presentation (14 August 2025). This information is given in summary form and does not purport to be complete. The information in this presentation and further supporting documents, including forecasted financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing, or selling any securities or other financial products or instruments. The information does not take into account the particular investment objectives, financial situation or needs of individuals, so before acting on any information contained in this presentation, readers are advised to consider the appropriateness of the information in relation to any of the aforementioned activities, as well as the appropriateness of any relevant offer document, for their particular objectives, and in particular, it is recommended to seek independent financial advice. All securities and financial product or instrument transactions involve risks, which include, among others, the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk. This presentation and further supporting documents may contain forward- looking statements, including statements regarding our intent, belief or current expectations with respect to market conditions, ProCredit Holding’s or the ProCredit group’s business and operations, results of operations and financial conditions, capital adequacy, specific provisions and risk management practices. Such forward-looking statements are based on the Management of ProCredit Holding’s current expectations and specific assumptions, which are partly beyond the control of ProCredit Holding. The forward-looking statements are therefore subject to a multitude of uncertainties. Readers are cautioned not to place undue reliance on them. Insofar as it is not required by law, ProCredit Holding does not undertake to release any revisions to these forward-looking statements to reflect errors regarding the underlying expectations and assumptions or their evaluation by ProCredit Holding, or events or circumstances occurring after the date of this presentation (14 August 2025) to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecasted information, actual results may vary in a materially positive or negative manner. Past performance is not a reliable indication of future performance. Disclaimer 47ProCredit Group | H1 / Q2 2025 results | Frankfurt am Main, 14 August 2025