Strong operating performance in the first quarter - Banking taxes weigh on net result

Earnings quality increases year-on-year, driven by higher net fee and commission income (+9.5%) and net interest income (+1.1%)

• Net result lower due to higher banking taxes and collective agreement increases
• Loan volume and deposit volume rise by+0.9% and +1.9% YTD, respectively
• Risk costs (-9.9% YoY) decline on the basis of an improved asset quality

= The banking group’s net profit amounted to 743 million euros (-5.1% y/y)

= Operating profit was 1.46 billion euros. ( -3.2% y/y)

“We were able to achieve a solid operating performance in the first quarter despite all the volatility and uncertainties in the global economic system. This strong foundation allows us to maintain our outlook for the full year 2025 and to even slightly increase our guidance for fee income growth,” says Stefan Dörfler, CFO of Erste Group.

Read more in the attached press release.