Hrvatska Poštanska Banka d.d.

Quarterly Report • Apr 29, 2022

HPB d.d. 3M 2022

Investor information and unaudited financial statements

Limitation of liability

• The information and data contained in this presentation are intended to be general background information on Hrvatska poštanska banka p.l.c. (hereinafter referred to as the Bank or HPB) and its activities. It is supplied in summary form and therefore not necessarily complete. Certain statements contained herein may be statements of future expectations and other forward-looking statements about HPB, which are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, words such as "may", "will", "should", "expects", "plans", "contemplates", "intends", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" and similar expressions typically identify forward-looking statements. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. As such, no forward-looking statement can be guaranteed. Undue reliance should not be placed on these forward-looking statements. Many factors could cause our results of operations, financial condition, liquidity, and the development of the industries in which we compete, to differ materially from those expressed or implied by the forward-looking statements contained herein.
• This presentation contains financial and non-financial information and statistical data relating to HPB. Such information and data are presented for illustrative purposes only. This presentation may include information and data derived from publicly available sources that have not been independently verified, therefore HPB hereby expressly makes no representation of warranty of any kind, including, but not limited to the accuracy, completeness or reliability of the provided information and data. This presentation is for information purposes only and contains neither a recommendation to buy or sell nor an offer of sale or subscription to shares nor does it constitute an invitation to make an offer to sell shares.
• This presentation has been prepared and the data checked with the greatest possible care. Nonetheless, rounding, transmission, typesetting and printing errors cannot be ruled out. In the summing up of rounded amounts and percentages, rounding-off differences may occur.

Type and name of prescribed information:	Quarterly financial statements for the period 1.1.2022 - 31.3.2022, HPB d.d. 3M 2021 Investor information and unaudited Financial statements
Issuer name, headquarter and address:	Hrvatska poštanska banka p.l.c., Jurišićeva ulica 4, HR-10000 Zagreb
Issuer's Legal Entity Identifier (LEI)	529900D5G4V6THXC5P79
Home Member State:	Republic of Croatia
International Securities Identification Number (ISIN)	HRHPB0RA0002
Stock code (ticker):	HPB-R-A
Regulated market and segment:	Zagreb Stock Exchage, Official market

In accordance with the Capital Markets Act, Hrvatska poštanska Banka p.l.c. publishes unaudited financial statements for the period from January 1 to March 31, 2022.

Original and official quarterly report is published in Croatian.

The report includes:

• Management report of Hrvatska poštanska Banka p.l.c.
• Statement by persons responsible for compiling the report
• Unaudited set of unconsolidated financial statements (balance sheet, profit or loss statement, statement of changes in equity, cash flow statement) and
• Notes to the financial statements

Financial statements and notes have been compiled in accordance with instructions defined in Rulebook on the content and structure of the issuer's reports for periods during the year (NN 114/2018, 27/2021, 26/2022).

1 Executive Summary

2 Macroeconomic environment

3 Financials

4 Risk Management

5 Appendix

Successfully completed resolution of Sberbank d.d.

28 Feb 2022

ECB	assessed	and	SRB		decided
Sberbank	d.d. in	Croatia	is	failing	or
likely to fail

Deterioration of Sberbank d.d. liquidity position

Deposit outflows as a result of the reputational impact of geopolitical tensions

28 Feb 2022

SRB applied a suspension of payments, enforcement and termination rights (moratoria) to Sberbank d.d. Moratioria until 1 March 23:59:59 During the two-day moratoria, retail and corporate clients (depositors) were able to use a total of up to HRK 7,280 per day

1 Mar 2022

SRB in cooperation with CNB brought the decision on initiation the resolution proceedings of Sberbank d.d.

EC endorsed the resolution decision Resolution is to be carried out by sale

2 Mar 2022

HPB becomes the new owner of Sberbank d.d.

SRB has accepted HPB's binding offer to purchase a 100% ownership stake in Sberbank d.d.

CNB passed a Decision on issuing prior consent to HPB for direct acquisition of a qualifying holding in Sberbank dd

14 Apr 2022

Council of the Croatian National Bank issued a decision on ending the resolution procedure of Sberbank d.d. - u sanaciji on 13 Apr 2022 at 23:59:59, , whereby HPB takes control of the business from 14 Apr 2022

The CNB confirmed the appointment of new members of the Management Board and Supervisory Board of Nova hrvatska banka d.d.

Bank's acquisition was realized in a short time since HPB team continuously analyze competitors and potential market opportunities

Nova hrvatska banka in HPB Group

By closing the resolution procedure, the activities of growth, development and integration begin

As at 31.12.2021

Stronger market position

Bank is expected to merge with the parent company in the next year, with the inclusion of the Bank's financial results in the consolidated financial statements of HPB for 6M 2022.

Acquisition summary

7

HPB acquired 100% of Sberbank d.d. in Croatia for a total cash consideration of HRK 71 mn.

A transaction financed from accumulated equity, pro-forma consolidated CET-1 significantly above the regulatory requirement.

• Preserving financial stability and public interest;
• Empowering #6 position by total assets in the Croatian banking market;
• Strengthening the presence on the Croatian market (30 new business centres for retail clients and 12 for corporate clients);
• Complementary and qualitative loan portfolio with minimal direct exposure to entities from Russia, and additional strength for growth and expansion of business through acquired human and

financial capital

Expanded client base (cca 86 ths clients as of 31 December 2021);

• Attractive investment opportunity with manageable risks;
• Effective use of excess liquidity;
• Financial synergies (revenue, funding and cost);
• Funding and comfortable liquidity position maintained;
• Bargain purchase positively impacts P&L and capital in long-term;
• Additional growth potential.

On April 13, 2022 the resolution procedure ended;

• On April 14, 2022 HPB took control over Sberbank d.d. – u sanaciji;
• Preparatory actions for integration have already begun, preconditions have been created for productive cooperation between teams and achievement of synergy effects;
• Integration activities will be carried out in parallel with the process of adopting euro, which is an absolute priority for both institutions.

Nova hrvatska banka in HPB Group NHB's potential as of 31.3.2022

Source: Nova hrvatska banka d.d., management reports

Nova hrvatska banka in HPB Group

Financial indicators of Nova Hrvatska banka as of 31.3.2022 or for the period 1.1. – 31.3.2022

Source: Nova hrvatska banka d.d., management reports

* Net profit for the period without the effect of CHF lawsuits amounts to HRK 9.8 million; inherited CHF portfolio, possible additional provisions for litigation up to HRK 20 mn after independent confirmation by an external expert ** Preliminary calculation

Successfully acquired Sberbank d.d. despite challenging quarter

Increase in market share in 2022

• Rapid takeover of the NHB based on a robust capital position that has been intentionally created in the last three years, as well as proverbially massive liquidity;
• Largest banking business network through own branch offices and post offices; with the acquisition of NHB we are strengthening our presence on the Croatian market (30 new business centers for retail and 12 for corporate clients);
• Further focus on the EURO project as an absolute priority, and the integration of Nova hrvatska banka.

Realized profit in a challenging quarter

• Decrease in net profit is largely the result of a loss from trading due to government bond falling prices. On the other hand, record prices in real estate segment contributed to the net result of provisions, due to the realization of collateral at higher prices, being significantly above the plan;
• Asset increase HRK +893 mn in 2022;

• Improved portfolio quality with NPL ratio excluding 100% government guaranteed exposures on historically lowest level.

• Income statement items are shown in cumulative from start of the period until the reporting date; cumulative 1.1 – 31.3;

• Balance sheet items are shown as at reporting date; 31.12. and 31.3.

Key Financials 2022

Operating profit (in HRK mn)

Lower operating profit is a result of lower net interest income due to lower volume and pressure on interest rates, and net loss from trading due to rising yields and falling government bond prices, and higher administrative costs.

Gross loans (in HRK mn)

Increase in gross loans is the result of acquisition activities in the corporate, local government and SMEs segment.

40 30 3M 2021 3M 2022 Profit after tax (in HRK mn) - 59.9% - 25.0%

Despite savings in provisioning costs, net profit was lower than in the previous year, profit after tax driven by operating profit.

CET 1 capital ratio (in %)

*Pro forma CET 1 ratio with inclusion of 3M 2022 net profit

• Income statement items are shown in cumulative from start of the period until the reporting date; cumulative 1.1-31.3;
• Balance sheet items are shown as at reporting date; 31.12. and 31.3.

Resiliant to challenges in first quarter

		31 12 2020	31 12 2021	31 3 2022
Assets	HRK mn	25 500 ,	27 861 ,	28 754 ,	5
Net loans to customers	HRK mn	14 725 ,	14 243 ,	14 578 ,	5
Deposits	HRK mn	21 214 ,	23 191 ,	24 493 ,	5
Equity	HRK mn	2 473 ,	2 650 ,	2 492 ,	6
CET 1 capital ratio	%	21 8	25 7	24 0	6
NPL ratio	%	10 4	9 8	9 2	6
NPL ratio excl . 100% gov. guaranteed exposure	%	8 7	8 4	7 9	6
NPL coverage	%	62 2	61 1	62 2	5
NPL excl . 100% coverage gov. guaranteed exposure	%	74 2	72 1	5 73	5
		2020	2021 3M	2021 3M 2022
Income	HRK mn	1 121 ,	1 143 ,	274 224	6
Net profit	HRK mn	182	202	35 30	6
Cost-to-income ratio	%	64 1	62 3	64 6 80.8	5
(ROE) Return on equity	%	4 7	6 7	6 1 4.8	6

Market share by total assets as of 31.12.2021 (in HRK bn)

Results by business segments as of 31.3.2022

12

Result after tax*

-32%

23%

119%

Financial markets segment was negative in operating and after tax results due to strong yield growth and falling government bond prices.

Other

SME

Gross loans development by segment

Gross loans (in HRK mn)

▪ Retail sector recorded a decline in the gross loan portfolio in the first quarter of 2022 according to lower loan volume due to the processing a large number of APN requests and a significant focus on this type of lending in the first quarter. Time invested in these operations should be seen in the result and the gross loan portfolio (GLP) in the coming months when GLP growth is expected. In addition, the decline in the first quarter was due to the implementation of the Decision of the Civil Protection Headquarters for the mandatory use of COVID certificates when entering branches, which affected the number of received loan applications and disrupted the dynamics of receiving applications at cca 40% clients;

• Corporate segment showed strong recovery in 2021 after the COVID pandemic, and significant credit growth in the first quarter was the result of intensive acquisition activities started in Q4 2021. Although lack of significant investments affected lending activities, the focus was on liquidity requirements and refinancing existing liabilities;
• SME growth is the result of portfolio diversification to a larger number of clients, client acquisitions made through quality refinancing exposures in other banks, monitoring of clients' investments (production plants, warehouses, hotels, ships, halls) which indicate stability and positive trends in their business, monitoring clients in working capital in accordance with their growth and potential. All of the above, although the pressure to reduce interest rates is daily, indicates the sustainable operation of SMEs in the context of income (interest and non-interest).
• Source: HPB management reports 13

Portfolio quality improves

NPL ratio development (in %)

NPL coverage development (in %)

10.8 10.4 9.8 9.2 11.6 10.4 8.7 8.4 7.9 2018 2019 2020 2021 31.3.2022 NPL NPL (excl. 100% gov. guar. exp.)

Market NPL ratio* 4.3% Market NPL coverage* 63.2%

* As of 31.12.2021

• Trend of reducing the NPL ratio ensured by efficient collection activities continued in 2022, which with the continuous growth of performing loans contributes to the continuation of the long-term trend of reducing the NPL ratio;
• Excluding 100% government guaranteed exposures, the NPL ratio falls significantly below the long-term average, to a record low level;
• NPL coverage is still stable and if we exclude 100% government guaranteed exposures NPL coverage is record high and significantly above the market average level.

Strong NPL coverage

		3M 2019	3M 2020	3M 2021	3M 2022
(total loans) Exposure	HRK mn	17 458 ,	20 607 ,	21 678 ,	23 494 ,
Total NPL stock	HRK mn	2 160 ,	2 149 ,	2 200 ,	2 164 ,
NPL %	%	12 4	10 4	10 1	9 2
Loss allowance for loans	HRK mn	(1 603) ,	(1 600) ,	(1 625) ,	(1 588) ,
NPL	HRK mn	(1 453) ,	(1 390) ,	(1 364) ,	(1 346) ,
PL provision	HRK mn	(150)	(209)	(262)	(242)
Coverage NPL	%	67 3	64 7	62 0	62 2
NPLs covered by provisions not	HRK mn	557	549	575	576
NPLs with 100% goverment guarantees	HRK mn	0	204	357	341
Uncovered NPLs	HRK mn	557	345	219	235
CET1	HRK mn	1 892 ,	2 104 ,	2 285 ,	2 528 ,
CET Uncovered NPLs 1 to	%	29 4	16 4	9 6	9 3

Uncovered NPLs to CET 1 trend

• Active NPL portfolio management with an objective to maintain uncovered NPLs to CET1 ratio at low level;
• NPL coverage by total provisions is 73.4%.

1 Executive Summary

2 Macroeconomic environment

3 Financials

4 Risk Management

5 Appendix

Economic indicators (y-o-y)

Number of accounts* (in mn)

28/04/2022

*Source:https://www.porezna-uprava.hr/Dokumenti (data for first quarter 2020, 2021 and 2022) "I- ACCOMMODATION AND FOOD SERVICE ACTIVITIES " 17

"G- WHOLESALE AND RETAIL TRADE OF MOTOR VEHICLES AND MOTORCYCLES, REPAIR OF MOTOR VEHICLES AND MOTORCYCLES "

1 Executive Summary

2 Macroeconomic environment

3 Financials

4 Risk Management

5 Appendix

Key financials – Income statement

• NII lower by 7.1% due to lower market interest rates, lower gross loans portfolio and strong price competition on banking market; interest expenses management in first quarter 2022 (-35.5%) did not neutralise decrease in interest income (-8.6%) vs PY;
• NFCI higher by 4.2% due to recovery of economic activity, in first quarter highest net income from fees and commissions in the last five years was achieved;
• Net loss from trading is main driver for lower operating income (-28.8 mn vs Q1 21), as a result of strong yield growth and falling government bond prices due to accelerated inflation, tightening monetary policies of the ECB and FED, which was further intensified by the war in Ukraine;
• Lower operating profit (-44.3 mn) as a result of realized loss from trading activities, lower NII and increased administrative costs due to intensive activities initiated on all regulatory projects (EURO, ESG and other);
• Despite savings in provisioning costs, net profit driven by lower operating profit.
• Source: HPB management reports 19

Net income development

Composition of net income

• Higher NFCI as a result of increased fees from credit card transactions, in 3M 2022 recovery above pandemic years and highest in last 5 years;;
• NII lower in comparison with PY due to the strong price competition on the market and lower loan portfolio;
• Lower other income in 2022 as a result of realized losses from trading due to the falling government bond prices.

Net fee income (in HRK mn)

Net interest income (in HRK mn)

Fees and commissions

Net fee income overview in 3M (in HRK mn)

* Market data available for 12M 2021

• NFCI in the in the first quarter 2022 exceeded its pre-COVID levels;
• Increase in NFCI mainly driven by recovery of economic activities (net income from card business +38.2%);
• HPB net fee income on par with the banking sector with a relatively stable share.

Operating expenses

Composition of operating expenses (in HRK mn)

Administrative expenses development (in HRK mn)

• Higher operating expenses (+ 10.1 mn or +8.6%) coming from higher administrative costs;
• Employee costs up as a result of investing in IT internal resources and intensive activities on regulatory project Euro;
• Administrative expenses increased (+10.9%) due to the timely addresing regulatory requirements and improvements of Bank's processes in order to eliminate technological debt:
• Maintenance of IT equipment;
• Intensive marketing activities used as an acquisition tool due to participation in the new APN tranche;
• Consultation services due to initiated regulatory projects (Euro, ESG and other).

Provisioning

Structure of net provision expenses in 3M 2021/2022 (in HRK mn)

• Provisions for Stage 1 & 2 significantly lower in 2022 due to improved portfolio quality after COVID 19 pandemic;
• Lower stage 3 provisions compared to the realization in 2021 due to record levels of collateral realization where real estates are sold at the first public auctions, which has not been the case so far.

Key financials – Balance sheet

		31 12 2021	31 03 2022	ytd ∆
Assets	HRK mn	27 861 ,	28 754 ,	893
Gross loans	HRK mn	15 727 ,	16 065 ,	339
Deposits	HRK mn	23 443 ,	24 493 ,	1 050 ,
Equity	HRK mn	2 650 ,	2 492 ,	(159)
Regulatory capital	HRK mn	2 631 ,	2 528 ,	(103)
Loan/deposit ratio	%	60 8	59 5	(1 2)
ROAE	%	9 7	4 6	(3 3)
NPL ratio	%	9 8	9 2	(0 5)
NPL ratio excl guaranteed 100% gov. exposure	%	8 4	7 9	(0 5)
NPL coverage	%	61 1	62 2	1 1
NPL excl 100% guaranteed coverage gov. exposure	%	72 1	5 73	1 3
Loss allowance for loans	HRK mn	(1 575) ,	(1 588) ,	14

• Assets records continuous growth +3.2% ytd as a result of increase in liquid assets +9.3% primarily due to continuous increase in deposits; gross loans increased +2.2% while securities decreased -5.0%;
• Deposits up +4.5% with largest increase in SMEs +12.1%, the central state and large corporate segment +8.0%, and financial markets +5.2%.

Corporate portfolio industry distribution

Corporate gross loans per industry (in %)

• Recovery of the corporate segment after COVID-19 pandemic is continued in 2022;
• Corporate lending activity is primarily focused on loans for liquid assets and refinancing of existing liabilities and to a lesser extent on lending to investment projects that are partly co-financed by grants from EU funds;
• Increase in the manufacturing and wholesale and retail trade segment is mostly result of new acquisitions;
• Reduction in the electricity supply segment is result of repayment of the part of the allowed overdraft;
• In the real estate segment, a new placement was approved for the purpose of refinancing existing liabilities.

Source: HPB management reports

Composition of equity and liabilities

• Favourable impact on costs from observable trend of reduction of interest rates on deposits and continuous effective interest rate management;
• Customer deposits dominate the funding mix with an 85.2% share
• Additionally strengthened market position, Bank holds 5.97% of all deposits on a market at 31.1.2022 (31.12.2021 = 5.93%);
• Stable wholesale funding structure attracted funds through foreign financial institutions, CBRD and CNB repo loans.

Source: HPB management reports 26

Liquidity Overview

Liquidity ratios

• Optimization of LCR in 2022 through more efficient liquidity management;
• Continuously low loan-to-deposit ratio;
• High share of customer deposits (85.2%) in financing mix.

Continuously strong capital position

• CET-1 lower than in the previous quarter as a result of growth in loans and consequent risk-weighted assets;
• Pro forma CET1 calculation includes 3M 2022 net profit.

1 Executive Summary

2 Macroeconomic environment

3 Financials

4 Risk Management

5 Appendix

Regulatory Capital Development

Regulatory capital development (in HRK mn)

*Regulatory capital with inclusion of 3M 2022 net profit

RWA Development

RWA development (in HRK mn)

▪ Risk-weighted assets higher than in the previous quarter due to the corporate loans growth.

Meeting MREL requirements

Actual CET1 ratios vs. total MREL requirement

^* Pro forma CET 1 ratio with inclusion of 3M 2022 net profit

▪ Bank's total capital ratio in first quarter 2022 above first binding transitional MREL requirement (23.4%) which entered into force on 1 January 2022.

Exposures and coverage per stage

			31 12 2021			31 3 2022
Segment	Stage	Exposure	Exposure excluding100% government guarantees	Coverage	Coverage without 100% government guarantees	Exposure	Exposure excluding 100% government guarantees	Coverage	Coverage excluding100% government guarantees
CORPORATE	S1	45 9%		1 4%		62 6%		1 6%
CORPORATE	S2	18 2%		7 6%		7 3%		10 1%
CORPORATE	S3	35 9%	25 8%	47 8%	7% 75	30 1%	21 0%	45 9%	72 8%
SME	S1	41 4%		1 8%		44 3%		1 8%
SME	S2	26 6%		8 2%		25 2%		8 0%
SME	S3	31 9%	31 9%	66 7%	66 7%	30 5%	30 5%	68 0%	68 0%
STATE	S1	98 6%		0 4%		98 4%		0 2%
STATE	S2	1 4%		2 9%		1 6%		2 7%
STATE	S3	0 0%	0 0%	2 0%	* 2 0%	0 0%	0 0%	2 0%	* 2 0%
RETAIL	S1	86 1%		1 3%		85 7%		1 3%
RETAIL	S2	4 4%		10 8%		4 7%		10 5%
RETAIL	S3	9 5%	9 5%	72 7%	72 7%	9 6%	9 6%	76 8%	76 8%
TOTAL	S1	84 5%		0 7%		86 3%		0 7%
TOTAL	S2	5 7%		8 5%		4 5%		9 1%
TOTAL	S3	9 8%	8 4%	61 1%	72 0%	9 2%	7 9%	62 2%	73 3%

*Relates to the exposure below HRK 0.5 mn.

1 Executive Summary

2 Macroeconomic environment

3 Financials

4 Risk Management

5 Appendix

Management report of Hrvatska poštanska Banka p.l.c.

Management report of Hrvatska poštanska Banka p.l.c. for the period from January 1 to March 31, 2022 is contained in the previous section of this material.

Marko Badurina Anto Mihaljević

President of the Management Board Member of the Management Board

Ivan Soldo

Member of the Management Board

Statement by persons accountable for compiling the report of HPB p.l.c.

In accordance with the Capital Market Act, the Management Board of HPB plc., states that according to their best knowledge the set of unaudited financial statements for the period from January 1 to March 31, 2022, compiled in accordance with the accounting regulation applicable to credit institutions in Croatia, presents complete and accurate view of assets and liabilities, losses and gains, financial position and results of HPB p.l.c.

Tea Bažant

Executive Head of finance division

Marko Badurina

Chief Executive Officer

Anto Mihaljević

Member of the Management Board

Ivan Soldo

Member of the Management Board

Annex 1
ISSUER'S GENERAL DATA
Reporting period:		1.1.2022	to	31.3.2022
Year:		2022
Quarter:		1
		Quarterly financial statements
Registration number (MB):	03777928		Issuer's home Member State code:	HRVATSKA
Entity's registration number (MBS):	080010698
Personal identification number (OIB):	87939104217		LEI:	529900D5G4V6THXC5P79
Institution code:	319
		Name of the issuer: HRVATSKA POŠTANSKA BANKA, dioničko društvo
Postcode and town:	10000		ZAGREB
Street and house number: JURIŠIĆEVA ULICA 4
	E-mail address: hpb@hpb.hr
	Web address: www.hpb.hr
Number of employees (end of the reporting	1296
Consolidated report:	KN	(KN-not consolidated/KD-consolidated)		KN	KD
Audited:	RN	(RN-not audited/RD-audited)		RN	RD
Names of subsidiaries (according to IFRS):			Registered office:		MB:
					Yes
Bookkeeping firm:	No	(Yes/No)			No
Contact person: Tea Bažant				(name of the bookkeeping firm)
	(only name and surname of the contact person) Telephone: 014804670
	E-mail address: tea.bazant@hpb.hr
Audit firm:
Certified auditor:	(name of the audit firm)
	(name and surname)

Balance as at 31.3.2022
Submitter: Hrvatska poštanska banka			in HRK
Item	ADP code	Last day of the preceding business	Current period
1	2	year 3	4
Assets
Cash, cash balances at central banks and other demand deposits (from 2 to 4)
	001	6,177,602,131	5,370,661,117
Cash in hand Cash balances at central banks	002 003	1,422,548,361 4,339,757,848	1,284,616,658 3,985,406,986
Other demand deposits	004	415,295,922	100,637,473
Financial assets held for trading (from 6 to 9) Derivatives	005 006	616,670,614 -	451,431,363 384,069
Equity instruments	007	105,639,274	102,299,348
Debt securities Loans and advances	008 009	511,031,340 -	348,747,946 -
	010
Non-trading financial assets mandatorily at fair value through profit or loss (from 11 to 13) Equity instruments	011	9,316,729 -	9,176,880 -
Debt securities	012	-	-
Loans and advances Financial assets at fair value through profit or loss (15 + 16)	013	9,316,729	9,176,880
Debt securities	014 015	- -	- -
Loans and advances	016	-	-
Financial assets at fair value through other comprehensive income (from 18 to 20) Equity instruments	017 018	4,601,319,906 48,896,784	3,605,319,222 28,860,225
Debt securities	019	4,552,423,122	3,576,458,997
Loans and advances Financial assets at amortised cost (22 + 23)	020	- 15,955,565,325	- 18,746,595,002
Debt securities	021 022	454,371	900,585,802
Loans and advances	023	15,955,110,954	17,846,009,200
Derivatives - hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk	024 025	- -	- -
Investments in subsidiaries, joint ventures and associates	026	9,760,843	80,760,843
Tangible assets Intangible assets	027 028	310,680,257 93,319,300	309,322,964 92,300,710
Tax assets	029	642,640	19,400,826
Other assets Fixed assets and disposal groups classified as held for sale	030	51,761,294	47,321,305
Total assets (1 + 5 + 10 + 14 + 17 + 21 + from 24 to 31)	031 032	9,200,000 27,835,839,039	9,200,000 28,741,490,232
Liabilities
Financial liabilities held for trading (from 34 to 38)	033	-	402,542
Derivatives	034	-	402,542
Short positions	035	-	-
Deposits Debt securities issued	036 037	- -	- -
Other financial liabilities	038	-	-
Financial liabilities at fair value through profit or loss (from 40 to 42) Deposits	039 040	- -	- -
Debt securities issued	041	-	-
Other financial liabilities Financial liabilities measured at amortised cost (from 44 to 46)	042	-	-
Deposits	043 044	24,851,379,590 24,756,955,639	25,889,910,065 25,796,361,085
Debt securities issued	045	-	-
Other financial liabilities Derivatives - hedge accounting	046 047	94,423,951 -	93,548,980 -
Fair value changes of the hedged items in portfolio hedge of interest rate risk	048	-	-
Provisions Tax liabilities	049	89,416,940 64,392,779	93,618,198 59,151,504
Share capital repayable on demand	050 051	-	-
Other liabilities	052	180,219,880	206,878,930
Liabilities included in disposal groups classified as held for sale Total liabilities (33 + 39 + 43 + from 47 to 53)	053 054	- 25,185,409,189	- 26,249,961,239
Equity
Capital	055	1,214,775,000	1,214,775,000
Share premium	056	-	-
Equity instruments issued other than capital Other equity	057 058	- -	- -
Accumulated other comprehensive income	059	240,193,702	51,120,638
Retained profit Revaluation reserves	060	291,352,537 -	493,459,050 -
Other reserves	061 062	702,479,098	702,479,098
( – ) Treasury shares	063	(477,000)	-
Profit or loss attributable to owners of the parent (-–) Interim dividends	064 065	202,106,513 -	29,695,207 -
Minority interests [non-controlling interests]	066	-	-
Total equity (from 55 to 66) Total equity and liabilities (54 + 67)	067 068	2,650,429,850 27,835,839,039	2,491,528,993 28,741,490,232

STATEMENT OF PROFIT OR LOSS For the period 1.1.2022 to 31.3.2022
Submitter: Hrvatska poštanska banka					in HRK
	ADP	Same period of the previous		Current period
Item	code	year Cumulative	Quarter	Cumulative	Quarter
1	2	3	4	5	6
Interest income	001	143,774,572	143,774,572	131,750,105	131,750,105
(Interest expenses) (Expenses on share capital repayable on demand)	002 003	9,992,961 -	9,992,961 -	6,881,432 -	6,881,432 -
Dividend income	004	-	-	28,452	28,452
Fees and commissions income	005	103,797,166	103,797,166	105,796,618	105,796,618
(Fees and commissions expenses)	006	62,155,486	62,155,486	62,410,119	62,410,119
Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net	007	93,829	93,829	2,286,048	2,286,048
Gains or (-) losses on financial assets and liabilities held for trading, net Gains or losses on non-trading financial assets mandatorily at fair value through profit or loss, net	008 009	14,760,520 1,360,042	14,760,520 1,360,042	(14,914,333) 66,627	(14,914,333) 66,627
	010	-	-	-	-
Gains or (-) losses on derecognition of financial assets and liabilities at fair value through profit or loss, net Gains or (-) losses from hedge accounting, net	011	-	-	-	-
Exchange rate differences [gain or (-) loss], net	012	(3,295,984)	(3,295,984)	(3,310,141)	(3,310,141)
	013
Gains or (-) losses on derecognition of of investments in subsidiaries, joint ventures and associates, net Gains or (-) losses on derecognition of non-financial assets, net	014	- -	- -	- -	- -
Other operating income	015	2,230,112	2,230,112	3,251,368	3,251,368
(Other operating expenses)	016	2,358,709	2,358,709	2,907,555	2,907,555
Total operating income, net (1 – 2 – 3 + 4 + 5 – 6 + from 7 to 15 – 16)	017	188,213,101	188,213,101	152,755,638	152,755,638
(Administrative expenses)	018	92,704,468	92,704,468	101,426,717	101,426,717
(Cash contributions to resolution boards and deposit guarantee schemes) (Depreciation)	019 020	2,741,250 16,977,913	2,741,250 16,977,913	3,479,089 17,720,326	3,479,089 17,720,326
Modification gains or (-) losses, net	021	(3,309,564)	(3,309,564)	(2,790,746)	(2,790,746)
(Provisions or (-) reversal of provisions)	022	3,212,236	3,212,236	4,730,980	4,730,980
(Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or	023
loss) (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates)	024	20,271,678 -	20,271,678 -	(7,797,183) -	(7,797,183) -
(Impairment or (-) reversal of impairment on non-financial assets)	025	-	-	-	-
Negative goodwill recognised in profit or loss	026	-	-	-	-
Share of the profit or (-) losses of investments in subsidiaries, joint ventures and associates accounted for	027
using the equity method Profit or (-) loss from fixed assets and disposal groups classified as held for sale not qualifying as		-	-	-	-
discontinued operations	028	-	-	-	-
Profit or (-) loss before tax from continuing operations (17 – 18 to 20 + 21 - from 22 to 25 + from
26 to 28)	029	48,995,992	48,995,992	30,404,963	30,404,963
(Tax expense or (-) income related to profit or loss from continuing operations) Profit or (-) loss after tax from continuing operations (29 – 30)	030	8,655,440	8,655,440	709,756	709,756
	031	40,340,552	40,340,552	29,695,207	29,695,207
Profit or (-) loss after tax from discontinued operations (33 – 34)	032	-	-	-	-
Profit or (-) loss before tax from discontinued operations	033	-	-	-	-
(Tax expense or (-) income related to discontinued operations)	034	-	-	-	-
Profit or ( – ) loss for the year (31 + 32; 36 + 37)	035	40,340,552	40,340,552	29,695,207	29,695,207
Attributable to minority interest [non-controlling interests] Attributable to owners of the parent	036 037	- 40,340,552	- 40,340,552	- 29,695,207	- 29,695,207
STATEMENT OF OTHER COMPREHENSIVE INCOME
Income or (-) loss for the current year	038	40,340,552	40,340,552	29,695,207	29,695,207
Other comprehensive income (40+ 52)	039	4,024,343	4,024,343	(189,073,064)	(189,073,064)
Items that will not be reclassified to profit or loss (from 41 to 47 + 50 + 51)	040	(457,723)	(457,723)	-	-
Tangible assets	041	-	-	-	-
Intangible assets	042	-	-	-	-
Actuarial gains or (-) losses on defined benefit pension plans Fixed assets and disposal groups classified as held for sale	043 044	- -	- -	- -	- -
Share of other recognised income and expense of entities accounted for using the equity method	045	-	-	-	-
Fair value changes of equity instruments measured at fair value through other comprehensive income	046	-	-	-	-
Gains or (-) losses from hedge accounting of equity instruments at fair value through other comprehensive
income, net	047	-	-	-	-
Fair value changes of equity instruments measured at fair value through other comprehensive income
[hedged item]	048
		-	-	-	-
Fair value changes of equity instruments measured at fair value through other comprehensive income [hedging instrument]	049
		-	-	-	-
Fair value changes of financial liabilities measured at fair value through profit or loss attributable to	050
changes in their credit risk Income tax relating to items that will not be reclassified		-	-	-	-
Items that may be reclassified to profit or loss (from 53 to 60)	051 052	(457,723) 4,482,066	(457,723) 4,482,066	- (189,073,064)	- (189,073,064)
Hedge of net investments in foreign operations [effective portion]	053	-	-	-	-
Foreign currency translation	054	-	-	-	-
Cash flow hedges [effective portion]	055	-	-	-	-
Hedging instruments [not designated elements] Debt instruments at fair value through other comprehensive income	056 057	- 5,465,934	- 5,465,934	- (230,795,701)	- (230,795,701)
Fixed assets and disposal groups classified as held for sale	058	-	-	-	-
Share of other recognised income and expense of investments in subsidiaries, joint ventures and	059
associates		-	-	-	-
Income tax relating to items that may be reclassified to profit or (-) loss Total comprehensive income for the current year (38 + 39; 62 + 63)	060 061	(983,868) 44,364,895	(983,868) 44,364,895	41,722,637 (159,377,857)	41,722,637 (159,377,857)
Attributable to minority interest [non-controlling interest]	062	-	-	-	-
Attributable to owners of the parent	063	44,364,895	44,364,895	(159,377,857)	(159,377,857)

STATEMENT OF CASH FLOW For the period 1.1.2022 to 31.3.2022
Submitter: Hrvatska poštanska banka			in HRK
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	-	-
Fees and commissions received	002	-	-
(Interest paid and similar expenditures) (Fees and commissions paid)	003 004	- -	- -
(Operating expenses paid)	005	-	-
Net gains/losses from financial instruments at fair value through statement of profit or loss	006	-	-
Other receipts	007	-	-
(Other expenditures)	008	-	-
Operating activities - indirect method
Profit/(loss) before tax	009	48,995,992	30,404,963
Adjustments:		-	-
Impairment and provisions	010	26,793,478	(275,457)
Depreciation	011	16,977,913	17,720,326
	012
Net unrealised (gains)/losses on financial assets and liabilities at fair value through statement of profit or loss (Profit)/loss from the sale of tangible assets	013	(12,918,407) -	12,561,658 -
Other non-cash items	014	(133,781,611)	(124,868,673)
Changes in assets and liabilities from operating activities
Deposits with the Croatian National Bank	015	(739,596,308)	(22,184,481)
Deposits with financial institutions and loans to financial institutions	016	(11,135,460)	-
Loans and advances to other clients	017	(134,134,255)	(2,141,396,936)
Securities and other financial instruments at fair value through other comprehensive income	018	(45,780,726)	784,504,451
Securities and other financial instruments held for trading	019	12,080,083	150,531,394
	020	-	-
Securities and other financial instruments at fair value through statement of profit or loss, not traded
Securities and other financial instruments mandatorily at fair value through statement of profit or loss	021	-	-
Securities and other financial instruments at amortised cost	022	(1,184,307)	(900,131,431)
Other assets from operating activities	023	9,475,316	3,258,477
Deposits from financial institutions Transaction accounts of other clients	024	(45,589,059)	258,090,507
Savings deposits of other clients	025 026	1,480,641,804 349,512,555	(413,468,584) 1,236,770,141
Time deposits of other clients	027	(209,650,769)	(102,498,835)
Derivative financial liabilities and other liabilities held for trading	028	3,555,420	(472,429)
Other liabilities from operating activities	029	71,638,153	23,126,676
Interest received from operating activities [indirect method]	030	143,774,572	131,750,105
Dividends received from operating activities [indirect method]	031	-	28,452
Interest paid from operating activities [indirect method]	032	(9,992,961)	(6,881,432)
(Income tax paid)	033	-	-
Net cash flow from operating activities (from 1 to 33)	034	819,681,423	(1,063,431,108)
Investing activities
Cash receipts from the sale / payments for the purchase of tangible and intangible assets	035	(28,574,940)	(15,344,443)
ventures	036	-	(71,000,000)
Cash receipts from the sale / payments for the purchase of securities and other financial instruments held to maturity	037	-	-
Dividends received from investing activities	038	(1,184,307)	-
Other receipts/payments from investing activities	039	-	-
Net cash flow from investing activities (from 35 to 39)	040	(29,759,247)	(86,344,443)
Financing activities
Net increase/(decrease) in loans received from financing activities	041	1,862,296	(22,283,490)
Net increase/(decrease) in debt securities issued	042	-	-
Net increase/(decrease) in Tier 2 capital instruments	043	-	-
Increase in share capital	044	-	-
(Dividends paid)	045	-	-
Other receipts/(payments) from financing activities	046	-	681,600
Net cash flow from financing activities (from 41 to 46)	047	1,862,296	(21,601,890)
Net increase/(decrease) of cash and cash equivalents (34 + 40 + 47)	048	791,784,472	(1,171,377,441)
Cash and cash equivalents at the beginning of period Effect of exchange rate fluctuations on cash and cash equivalents	049	4,084,192,801	6,586,943,842
Cash and cash equivalents at the end of period (48 + 49 + 50)	050	(3,295,984)	(3,310,141)
	051	4,872,681,289	5,412,256,260

STATEMENT OF CHANGES IN EQUITY For the period 1.1.2022 to 31.3.2022
Submitter: Hrvatska poštanska banka															in HRK
	ADP		Attributable to owners of the parent							Non-controlling interest
Item	code	Equity	Share premium	Equity instruments issued other than capital	Other equity	Accumulated other comprehensive income	Retained profit	Revaluation reserves	Other reserves	( ) Treasury shares	Profit or ( - ) loss attributable to owners of the parent	(-) Interim dividends	Accumulated other comprehensive income	Other items	Total
1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16
Opening balance [before restatement]	001	1,214,775,000	-		- -	212,650,419	291,352,537	27,543,284	702,479,098	(477,000)	202,106,512	-	-	-	2,650,429,850
Effects of error corrections	002	-	-		- -	-	-	-	-	-	-	-	-	-	-
Effects of changes in accounting policies	003	-	-		- -	-	-	-	-	-	-	-	-	-	-
Opening balance [current period] (1 + 2 + 3)	004	1,214,775,000	-		- -	212,650,419	291,352,537	27,543,284	702,479,098	(477,000)	202,106,512	-	-	-	2,650,429,850
Ordinary shares issue	005	-	-		- -	-	-	-	-	-	-	-	-	-	-
Preference shares issue	006	-	-		- -	-	-	-	-	-	-	-	-	-	-
Issue of other equity instruments	007	-	-		- -	-	-	-	-	-	-	-	-	-	-
Exercise or expiration of other equity instruments issued	008	-	-		- -	-	-	-	-	-	-	-	-	-	-
Conversion of receviables to equity instruments	009	-	-		- -	-	-	-	-	-	-	-	-	-	-
Capital reduction	010	-	-		- -	-	-	-	-	-	-	-	-	-	-
Dividends	011	-	-		- -	-	-	-	-	-	-	-	-	-	-
Purchase of treasury shares	012	-	-		- -	-	-	-	-	-	-	-	-	-	-
Sale or cancellation of treasury shares	013	-	-		- -	-	-	-	-	-	-	-	-	-	-
Reclassification of financial instruments from equity to liability	014	-	-		- -	-	-	-	-	(204,600)	-	-	-	-	(204,600)
Reclassification of financial instruments from liability to equity	015	-	-		- -	-	-	-	-	-	-	-	-	-	-
Transfers among components of equity	016	-	-		- -	-	202,106,512	-	-	-	(202,106,512)	-	-	-	-
Equity increase or ( - ) decrease resulting from business combinations	017	-	-		- -	-	-	-	-	-	-	-	-	-	-
Share based payments Other increase or (-) decrease in equity	018	- -	- -		- - - -	- -	- -	- -	- -	681,600 -	- -	- -	- -	- -	681,600 -
Total comprehensive income for the current year	019 020	-	-		- -	(189,073,064)	-	-	-	-	29,695,207	-	-	-	(159,377,857)
Closing balance [current period] (from 4 to 20)	021	1,214,775,000	-		- -	23,577,355	493,459,049	27,543,284	702,479,098	-	29,695,207	-	-	-	2,491,528,993

Profit for the year 2021 was allocated to retained earnings only for reporting purposes until the decision of the General Assembly on the profit allocation.

Notes to the financial statements
Submitter: Hrvatska poštanska banka				in HRK
1) INTEREST INCOME
ADP 001	Same period of the previous year 1.1. - 31.3.2021 Cumulative	Quarter	Cumulative	Current period 1.1. - 31.3.2022. Quarter
Debt securities Loans and advances	19,496,752 124,277,820	19,496,752 124,277,820	17,621,204 114,120,587	17,621,204 114,120,587
Other assets Deposits	- -	- -	8,314 -	8,314 -
Other liabilities Total	- 143,774,572	- 143,774,572	- 131,750,105	- 131,750,105
2) INTEREST EXPENSE ADP 002	Same period of the previous year 1.1. - 31.3.2021			Current period 1.1. - 31.3.2022.
Debt securities	Cumulative -	Quarter -	Cumulative -	Quarter -
Loans and advances Other assets	605,010 -	605,010 -	893,396 -	893,396 -
Deposits Other liabilities	9,387,191 760	9,387,191 760	5,961,132 26,905	5,961,132 26,905
Total	9,992,961	9,992,961	6,881,432	6,881,432
3) FEE AND COMMISSION INCOME ADP 005	Same period of the previous year 1.1. - 31.3.2021			Current period 1.1. - 31.3.2022.
Securities	Cumulative 712,761	Quarter 712,761	Cumulative 761,543	Quarter 761,543
Asset management Custody [according to the type of client]	11,505 1,229,951	11,505 1,229,951	6,234 1,255,679	6,234 1,255,679
Loan commitments Other	11,393 101,831,557	11,393 101,831,557	4,960 103,768,202	4,960 103,768,202
Total 4) FEE AND COMMISSION EXPENSE	103,797,166	103,797,166	105,796,618	105,796,618
ADP 006	Same period of the previous year 1.1. - 31.3.2021 Cumulative	Quarter	Cumulative	Current period 1.1. - 31.3.2022. Quarter
Bank clearing and settlement Other	446,254 61,709,232	446,254 61,709,232	635,218 61,774,901	635,218 61,774,901
Total	62,155,486	62,155,486	62,410,119	62,410,119
5) GAIN/LOSSES ON TERMINATION OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES ADP 007	Same period of the previous year 1.1. - 31.3.2021			Current period 1.1. - 31.3.2022.
Debt securities	Cumulative -	Quarter -	Cumulative 2,118,089	Quarter 2,118,089
Loans and advances Deposits	- -	- -	- -	- -
Debt Securities issued Other financial liabilities	- 93,829	- 93,829	- 167,959	- 167,959
Total	93,829	93,829	2,286,048	2,286,048
6) GAINS OR (-) LOSSES ON FINANCIAL ASSETS AND LIABILITIES HELD FOR TRADING ADP 008	Same period of the previous year 1.1. - 31.3.2021			Current period 1.1. - 31.3.2022.
Equity instruments	Cumulative 4,329,892	Quarter 4,329,892	Cumulative (3,411,601)	Quarter (3,411,601)
Debt securities FX transactions and derivatives Total	(1,324,176) 11,754,803	(1,324,176) 11,754,803	(24,540,637) 13,037,905	(24,540,637) 13,037,905
	14,760,520	14,760,520	(14,914,333)	(14,914,333)
7) GAINS OR LOSSES ON NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS ADP 009	Same period of the previous year 1.1. - 31.3.2021 Cumulative	Quarter	Cumulative	Current period 1.1. - 31.3.2022. Quarter
Equity instruments Debt securities	- -	- -	66,627 -	66,627 -
Loans and advances Total	1,360,042 1,360,042	1,360,042 1,360,042	- 66,627	- 66,627
8) OPERATING EXPENSES
ADP 015 & ADP 017 & ADP 018	Same period of the previous year 1.1. - 31.3.2021 Cumulative	Quarter	Cumulative	Current period 1.1. - 31.3.2022. Quarter
Other operating expenses Administrative expenses	2,358,709 92,704,468	2,358,709 92,704,468	2,907,555 101,426,717	2,907,555 101,426,717
Employee expenses Other administrative expenses	57,447,513 35,256,954	57,447,513 35,256,954	60,126,387 41,300,330	60,126,387 41,300,330
(Contributions in cash rehabilitation committees and Deposit Insurance Schemes) Amortization	2,741,250 16,977,913	2,741,250 16,977,913	3,479,089 17,720,326	3,479,089 17,720,326
Property, plant and equipment Investment property	10,791,029 -	10,791,029 -	10,014,380 -	10,014,380 -
Other intangible assets Total	6,186,885 114,782,340	6,186,885 114,782,340	7,705,945 125,533,686	7,705,945 125,533,686
9) IMPAIRMENT LOSSES AND PROVISION EXPENSES
ADP 019 & ADP 020 & ADP 021 & ADP 023 Modification gains or (-) losses, net	Same period of the previous year 1.1. - 31.3.2021 Cumulative (3,309,564)	Quarter (3,309,564)	Cumulative (2,790,746)	Current period 1.1. - 31.3.2022. Quarter (2,790,746)
Financial assets at fair value through other comprehensive income Financial assets at amortized cost	- (3,309,564)	- (3,309,564)	- (2,790,746)	- (2,790,746)
(Provisions or (-) reversal of provisions) Liabilities towards resolution committees and deposit insurance systems	3,212,236 -	3,212,236 -	4,730,980 -	4,730,980 -
(Liabilities and Guarantees) (Other Provisions)	2,914,535 297,701	2,914,535 297,701	4,789,008 (58,027)	4,789,008 (58,027)
(Impairment or (-) reversal of impairment on financial assets that are not measured at fair value through profit or loss)	20,271,678	20,271,678	(7,797,183)	(7,797,183)
(Financial assets at fair value through other comprehensive income) (Financial assets at amortized cost)	331,751 19,939,926	331,751 19,939,926	(5,598,895) (2,198,289)	(5,598,895) (2,198,289)
(Impairment or (-) reversal of impairment off of investments in subsidiaries, joint ventures, and associates)	-	-	-	-
(Impairment or (-) reversal of impairment off non-financial assets) (Property, plant and equipment)	- -	- -	- -	- -
(Investment property) (Goodwill)	- -	- -	- -	- -
(Other intangible assets) (Other) Total	- - 26,793,478	- - 26,793,478	- - (275,457)	- - (275,457)
10) LOANS AND ADVANCES
ADP 023	Stage 1	31.12.2021 Stage 2	Stage 3	Stage 1	31.3.2022 Stage 2	Stage 3
Central banks Obligatory reserve	1,326,441,533 1,326,441,533	- -	- -	1,348,626,014 1,348,626,014	- -
Allowance Government	- 3,442,887,361	- 27,214,597	- -	- 3,313,320,417	- 26,735,769
Gross loans Allowance	3,456,836,667 (13,949,306)	27,813,410 (598,813)	92,006 (92,006)	3,318,356,963 (5,036,545)	27,313,163 (577,394)	92,006 (92,006)
Credit institutuions Gross loans	277,890,317 117,158	- -	- -	1,765,144,842 103,794	- -
Allowance Deposits	(0) 278,323,532	- -	- -	(0) 1,772,963,913	- -
Allowance Other financial institutions Gross loans	(550,373) 170,320,447 160,489,050	- 122 122	- - -	(7,922,864) 244,783,106 234,447,219	- 895 905
Allowance Deposits	(2,059,031) 12,188,549	(0) -	- -	(2,176,090) 12,824,813	(11) -
Allowance Non - financial institutions	(298,121) 1,635,385,261	- 770,088,173	- 615,079,209	(313,730) 2,344,806,079	- 537,596,891	620,908,467
Gross loans Allowance	1,661,243,557 (25,858,296)	836,572,344 (66,484,172)	1,333,341,814 (718,262,605)	2,384,147,686 (39,341,608)	589,987,431 (52,390,540)	1,321,252,268 (700,343,801)
Retail Gross loans	7,096,378,085 7,190,592,928	372,303,977 413,935,430	221,121,872 831,400,100	7,048,341,599 7,139,820,079	399,126,578 442,199,366	188,797,074 833,873,821
Allowance Total	(94,214,842) 13,949,303,005	(41,631,453) 1,169,606,868 -	(610,278,228) 836,201,081	(91,478,480) 16,065,022,058	(43,072,788) 963,460,133	(645,076,747) 809,705,541
11) NON-TRADING FINANCIAL ASSETS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS
ADP 013 Central banks	31.12.2021 -	31.3.2022 -
Local state Credit institutions	- -	- -
Other financial institutions Non - financial institutions	- 2,895,155	- 2,803,117
Retail Total	6,421,574 9,316,729	6,373,763 9,176,880
12) DEPOSITS ADP 044	31.12.2021	31.3.2022
Government Local state	401,789,616 6,575,113,951	402,036,191 6,752,611,254
Credit institutions Other financial institutions	103,484,950 1,472,818,860	112,990,145 1,755,377,229
Non - financial institutions Retail	3,602,215,243 12,601,533,019	3,965,155,111 12,808,191,156
Total	24,756,955,639	25,796,361,085

HPB-R-A stock during the reporting period

Stock data and details

Issue date	December 12 2000 ,
ISIN	HRHPB0RA0002
	Official of market the
Segment	Zagreb Stock Exchange
Listed quantity	2 024 625 , ,
Share price March (in HRK) 31 2022 at as ,	940 00
Market capitalisation (in HRK million)	1 903 15 ,

Shareholders	Ownership stake (%)
of Croatia Republic	44 90
Croatian Post PLC	11 93
Croatian Deposit Insurance Agency	8 98
Croatian Pension Insurance Institute	8 76
Other shareholders (each under of share of the 5%
equity capital)	25 43
Total shares	100 00

Direct channels

• Continuous growth in digital channels with focus on m-banking; m-banking users + 9.65% and transaction volume + 57.89% vs 3M 2021;
• In retail segment m-banking transaction volume is continuously growing; 83% in 3M 2022;
• Further increase in e-banking users (+ 2.48%) and transaction volume (+ 31.6%) is generated primarily by growth in the corporate segment.

Transaction volume - Mobile banking (in HRK mn)

Transaction volume - Internet banking (in HRK mn)

Profitability

Profit development (in HRK mn)

Return on Average Equity ROAE

* Market share data for 3M 2022 not available at the time presentation was published

Asset development

HPB's Asset development (in HRK bn)

Comparative asset growth rates

* Market data were not available for 3M 2022 at the time this presentation was published

• Bank's growth continued in 2022, asset up HRK +0.9 bn;
• LCR (Liquidity Coverage Ratio) as of 31.3.2022 is at 138.3%.

HPB together with strategic partner Hrvatska pošta is accessible at over 1,000 locations

Products and services are offered to our current and potential clients in:

• 51 offices and 6 branch offices for retail clients;
• 12 offices for corporate clients.

Post offices

• Payment services in HRK and contracting Bank's products and services in 1,015 post offices for retail clients while services for corporate clients are available at 987 locations;
• Loan services to retail clients in HP financial corner at 142 locations.