Hrvatska Poštanska Banka d.d.

Quarterly Report • Apr 29, 2022

HPB Group 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. as the parent company of the Hrvatska poštanska banka Group (hereinafter referred to as the Bank, Group 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 forwardlooking 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 consolidated financial statements for the period 1.1.2022 - 31.3.2022, HPB Group 3M 2022 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. (Bank), as the parent company of the Hrvatska poštanska banka Group (Group), 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:

3

• Management report of HPB Group,
• Statement by persons responsible for compiling the report,
• Unaudited set of consolidated financial statements (balance sheet, profit or loss statement, statement of changes in equity, cash flow statement), and
• Notes to the consolidated 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).

Successfully completed resolution of Sberbank d.d. – u sanaciji

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 record time since HPB team continuously analyze competitors and potential market opportunities

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.

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 p.l.c., the parent company of HPB Group, states that according to their best knowledge the set of consolidated unaudited financial statements for the period from January 1 to March 31, 2022, are 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., as well as companies included in consolidation as a whole.

On behalf of HPB p.l.c., the parent company of HPB Group:

Tea Bažant

Executive Head of finance division

Marko Badurina

President of the Management Board

Anto Mihaljević

Member of the Management Board

Ivan Soldo

Member of the Management Board

Management report

HPB Group is, apart from the parent company – Hrvatska poštanska Banka p.l.c., HPB Invest (investment fund management) and HPB-nekretnine (real estate agency).

The HPB Group's net profit after tax is HRK 31.1 million. The Group's result relates largely to the results of the parent company, while HPB Invest made a net profit of HRK 199.9 thousand and HPB-Nekretnine a net profit of HRK 1.2 million.

Marko Badurina Anto Mihaljević

President of the Management Board 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	1322
Consolidated report:	KD	(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:
HPB Invest d.o.o.		Strojarska 20, 10000 Zagreb			01972278
HPB-nekretnine d.o.o.		Amruševa 8, 10000 Zagreb			01972260
Bookkeeping firm:	No	(Yes/No)			Yes 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 SHEET Balance as at 31.3.2022
Submitter: Hrvatska poštanska banka			in HRK
Item	ADP code	Last day of the preceding business	Current period
1		year
Assets	2	3	4
Cash, cash balances at central banks and other demand deposits (from 2 to 4)	001	6,177,641,914	5,370,700,488
Cash in hand	002	1,422,548,361	1,284,616,658
Cash balances at central banks Other demand deposits	003	4,339,757,848	3,985,406,986
Financial assets held for trading (from 6 to 9)	004 005	415,335,705 616,670,614	100,676,844 451,431,363
Derivatives	006	-	384,069
Equity instruments	007	105,639,274	102,299,348
Debt securities Loans and advances	008 009	511,031,340 -	348,747,946 -
Non-trading financial assets mandatorily at fair value through profit or loss (from 11 to 13)	010	9,316,729	9,176,880
Equity instruments	011	-	-
Debt securities	012	-	-
Loans and advances Financial assets at fair value through profit or loss (15 + 16)	013 014	9,316,729 -	9,176,880 -
Debt securities	015	-	-
Loans and advances	016	-	-
Financial assets at fair value through other comprehensive income (from 18 to 20)	017	4,601,319,906	3,605,319,222
Equity instruments Debt securities	018 019	48,896,784 4,552,423,122	28,860,225 3,576,458,997
Loans and advances	020	-	-
Financial assets at amortised cost (22 + 23)	021	15,955,565,325	18,746,595,002
Debt securities	022	454,371	900,585,802
Loans and advances Derivatives - hedge accounting	023 024	15,955,110,954 -	17,846,009,200 -
Fair value changes of the hedged items in portfolio hedge of interest rate risk	025	-	-
Investments in subsidiaries, joint ventures and associates	026	43	71,000,043
Tangible assets	027	311,192,057	309,778,161
Intangible assets Tax assets	028 029	93,395,736 642,640	92,681,850 19,400,826
Other assets	030	60,114,393	54,451,870
Fixed assets and disposal groups classified as held for sale	031	9,200,000	9,200,000
Total assets (1 + 5 + 10 + 14 + 17 + 21 + from 24 to 31)	032	27,835,059,357	28,739,735,705
Liabilities Financial liabilities held for trading (from 34 to 38)		-	402,542
Derivatives	033 034	-	402,542
Short positions	035	-	-
Deposits	036	-	-
Debt securities issued Other financial liabilities	037 038	- -	- -
Financial liabilities at fair value through profit or loss (from 40 to 42)	039	-	-
Deposits	040	-	-
Debt securities issued	041	-	-
Other financial liabilities Financial liabilities measured at amortised cost (from 44 to 46)	042 043	- 24,842,134,412	- 25,877,924,864
Deposits	044	24,747,710,461	25,784,375,884
Debt securities issued	045	-	-
Other financial liabilities	046	94,423,951	93,548,980
Derivatives - hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk	047 048	- -	- -
Provisions	049	89,416,940	93,618,198
Tax liabilities	050	64,392,779	59,151,504
Share capital repayable on demand	051	-	-
Other liabilities Liabilities included in disposal groups classified as held for sale	052 053	182,369,233 -	209,419,697 -
Total liabilities (33 + 39 + 43 + from 47 to 53)	054	25,178,313,364	26,240,516,805
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	060	297,151,162	499,775,149
Revaluation reserves Other reserves	061 062	- 702,479,141	- 702,479,141
( – ) Treasury shares	063	(477,000)	-
Profit or loss attributable to owners of the parent	064	202,623,988	31,068,972
(-–) Interim dividends Minority interests [non-controlling interests]	065	-	-
Total equity (from 55 to 66)	066 067	- 2,656,745,993	- 2,499,218,900
Total equity and liabilities (54 + 67)	068	27,835,059,357	28,739,735,705

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 (Interest expenses)	001 002	143,774,898 9,993,797	143,774,898 9,993,797	131,751,344 6,882,395	131,751,344 6,882,395
(Expenses on share capital repayable on demand)	003	-	-	-	-
Dividend income	004	-	-	28,452	28,452
Fees and commissions income (Fees and commissions expenses)	005 006	106,111,901 62,157,773	106,111,901 62,157,773	108,077,230 62,412,482	108,077,230 62,412,482
Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through	007
profit or loss, net Gains or (-) losses on financial assets and liabilities held for trading, net	008	93,829 14,760,520	93,829 14,760,520	2,286,048 (14,914,333)	2,286,048 (14,914,333)
Gains or losses on non-trading financial assets mandatorily at fair value through profit or loss, net	009	1,360,042	1,360,042	66,627	66,627
Gains or (-) losses on derecognition of financial assets and liabilities at fair value through profit or loss, net	010	-	-	-	-
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)
Gains or (-) losses on derecognition of of investments in subsidiaries, joint ventures and associates, net	013	-	-	-	-
Gains or (-) losses on derecognition of non-financial assets, net Other operating income	014	-	-	-	-
(Other operating expenses)	015 016	2,715,605 2,349,243	2,715,605 2,349,243	4,310,334 1,774,997	4,310,334 1,774,997
Total operating income, net (1 – 2 – 3 + 4 + 5 – 6 + from 7 to 15 – 16)	017	191,019,998	191,019,998	157,225,687	157,225,687
(Administrative expenses) (Cash contributions to resolution boards and deposit guarantee schemes)	018	94,937,843	94,937,843	104,022,262	104,022,262
(Depreciation)	019 020	2,741,250 17,178,795	2,741,250 17,178,795	3,479,089 17,918,409	3,479,089 17,918,409
Modification gains or (-) losses, net	021	(3,309,564)	(3,309,564)	(2,790,746)	(2,790,746)
(Provisions or (-) reversal of provisions) (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or	022	3,212,236	3,212,236	4,730,980	4,730,980
loss)	023	20,271,678	20,271,678	(7,797,183)	(7,797,183)
(Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates)	024	-	-	-	-
(Impairment or (-) reversal of impairment on non-financial assets) Negative goodwill recognised in profit or loss	025	-	-	-	-
Share of the profit or (-) losses of investments in subsidiaries, joint ventures and associates accounted for	026	-	-	-	-
using the equity method	027	-	-	-	-
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	49,368,632	49,368,632	32,081,384	32,081,384
(Tax expense or (-) income related to profit or loss from continuing operations)	030	8,725,315	8,725,315	1,012,412	1,012,412
Profit or (-) loss after tax from continuing operations (29 – 30)	031	40,643,317	40,643,317	31,068,972	31,068,972
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) Profit or ( – ) loss for the year (31 + 32; 36 + 37)	034 035	- 40,643,317	- 40,643,317	- 31,068,972	- 31,068,972
Attributable to minority interest [non-controlling interests]	036	-	-	-	-
Attributable to owners of the parent	037	40,643,317	40,643,317	31,068,972	31,068,972
STATEMENT OF OTHER COMPREHENSIVE INCOME
Income or (-) loss for the current year	038	40,643,317	40,643,317	31,068,972	31,068,972
Other comprehensive income (40+ 52) Items that will not be reclassified to profit or loss (from 41 to 47 + 50 + 51)	039 040	4,024,343 (457,723)	4,024,343 (457,723)	(189,073,064) -	(189,073,064) -
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		-	-	-	-
changes in their credit risk	050	-	-	-	-
Income tax relating to items that will not be reclassified	051	(457,723)	(457,723)	-	-
Items that may be reclassified to profit or loss (from 53 to 60) Hedge of net investments in foreign operations [effective portion]	052 053	4,482,066 -	4,482,066 -	(189,073,064) -	(189,073,064) -
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	060	- (983,868)	- (983,868)	- 41,722,637	- 41,722,637
Total comprehensive income for the current year (38 + 39; 62 + 63)	061	44,667,660	44,667,660	(158,004,092)	(158,004,092)
Attributable to minority interest [non-controlling interest]	062	-	-	-	-
Attributable to owners of the parent	063	44,667,660	44,667,660	(158,004,092)	(158,004,092)

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)	003	-	-
(Fees and commissions paid)	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	49,368,632	32,081,384
Adjustments:		-	-
Impairment and provisions	010	26,793,478	(275,457)
Depreciation	011	17,178,795	17,918,409
Net unrealised (gains)/losses on financial assets and liabilities at fair value through statement of profit or loss	012	(12,918,407)	12,561,658
(Profit)/loss from the sale of tangible assets	013	-	-
Other non-cash items	014	(133,781,101)	(124,868,949)
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	(11,134,766)	-
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)	784,201,795
Securities and other financial instruments held for trading	019	12,080,083	150,531,394
Securities and other financial instruments at fair value through statement of profit or loss, not traded	020	-	-
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	9,772,043	4,481,011
Deposits from financial institutions	024	(45,589,059)	258,090,507
Transaction accounts of other clients	025	1,480,641,804	(416,208,607)
Savings deposits of other clients	026	349,512,555	1,240,312,273
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	79,572,309	23,518,089
Interest received from operating activities [indirect method]	030	143,774,898	131,751,344
Dividends received from operating activities [indirect method]	031	-	28,452
Interest paid from operating activities [indirect method]	032	(9,993,797)	(6,882,395)
(Income tax paid)	033	-	-
Net cash flow from operating activities (from 1 to 33)	034	828,486,522	(1,059,443,204)
Investing activities Cash receipts from the sale / payments for the purchase of tangible and intangible assets	035	(28,766,621)	(15,790,627)
Cash receipts from the sale / payments for the purchase of investments in branches, associates and joint	036
ventures		-	(71,000,000)
Cash receipts from the sale / payments for the purchase of securities and other financial instruments held to	037
maturity		-	-
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	(29,950,928)	(86,790,627)
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	800,397,890	(1,167,835,721)
Cash and cash equivalents at the beginning of period	049	4,084,192,801	6,595,426,694
Effect of exchange rate fluctuations on cash and cash equivalents	050	(3,295,984)	(3,310,141)
Cash and cash equivalents at the end of period (48 + 49 + 50)	051	4,881,294,707	5,424,280,832

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	-		- -	240,193,702	297,151,162	-	702,479,141	(477,000)	202,623,987	-	-	-	2,656,745,992
Effects of error corrections	002	-	-		- -	-	-	-	-	-	-	-	-	-	-
Effects of changes in accounting policies	003	-	-		- -	-	-	-	-	-	-	-	-	-	-
Opening balance [current period] (1 + 2 + 3)	004	1,214,775,000	-		- -	240,193,702	297,151,162	-	702,479,141	(477,000)	202,623,987	-	-	-	2,656,745,992
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	-	-		- -	-	-	-	-	(204,600)	-	-	-	-	(204,600)
Purchase of treasury shares	012	-	-		- -	-	-	-	-	-	-	-	-	-	-
Sale or cancellation of treasury shares	013	-	-		- -	-	-	-	-	-	-	-	-	-	-
Reclassification of financial instruments from equity to liability	014	-	-		- -	-	-	-	-	-	-	-	-	-	-
Reclassification of financial instruments from liability to equity	015	-	-		- -	-	-	-	-	-	-	-	-	-	-
Transfers among components of equity Equity increase or ( - ) decrease resulting from business combinations	016	-	-		- -	-	202,623,987	-	-	-	(202,623,987)	-	-	-	-
Share based payments	017	- -	- -		- - - -	- -	- -	- -	- -	- 681,600	- -	- -	- -	- -	- 681,600
Other increase or (-) decrease in equity	018 019	-	-		- -	-	-	-	-	-	-	-	-	-	-
Total comprehensive income for the current year	020	-	-		- -	(189,073,064)	-	-	-	-	31,068,972	-	-	-	(158,004,092)
Closing balance [current period] (from 4 to 20)	021	1,214,775,000	-		- -	51,120,638	499,775,149	-	702,479,141	-	31,068,972	-	-	-	2,499,218,900

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	Cumulative	Same period of the previous year 1.1. - 31.3.2021 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 Other liabilities	- 326 -	- 326 -	8,314 1,239 -	8,314 1,239 -
Total	143,774,898	143,774,898	131,751,344	131,751,344
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	605,058 -	605,058 -	893,396 -	893,396 -
Deposits Other liabilities	9,387,175 1,564	9,387,175 1,564	5,961,117 27,883	5,961,117 27,883
Total	9,993,797	9,993,797	6,882,395	6,882,395
3) FEE AND COMMISSION INCOME ADP 005	Cumulative	Same period of the previous year 1.1. - 31.3.2021 Quarter	Cumulative	Current period 1.1. - 31.3.2022. Quarter
Securities Asset management	712,761 11,505	712,761 11,505	761,543 6,234	761,543 6,234
Custody [according to the type of client] Loan commitments	1,229,951 11,393	1,229,951 11,393	1,255,679 4,960	1,255,679 4,960
Other Total	104,146,292 106,111,901	104,146,292 106,111,901	106,048,814 108,077,230	106,048,814 108,077,230
4) FEE AND COMMISSION EXPENSE
ADP 006 Bank clearing and settlement	Cumulative	Same period of the previous year 1.1. - 31.3.2021 Quarter	Cumulative	Current period 1.1. - 31.3.2022. Quarter
Other Total	446,254 61,711,519 62,157,773	446,254 61,711,519 62,157,773	635,218 61,777,264 62,412,482	635,218 61,777,264 62,412,482
5) GAIN/LOSSES ON TERMINATION OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES
ADP 007	Cumulative	Same period of the previous year 1.1. - 31.3.2021 Quarter	Cumulative	Current period 1.1. - 31.3.2022. Quarter
Debt securities Loans and advances	- -	- -	2,118,089 -	2,118,089 -
Deposits Debt Securities issued	- -	- -	- -	- -
Other financial liabilities Total	93,829 93,829	93,829 93,829	167,959 2,286,048	167,959 2,286,048
6) GAINS OR (-) LOSSES ON FINANCIAL ASSETS AND LIABILITIES HELD FOR TRADING
ADP 008	Cumulative	Same period of the previous year 1.1. - 31.3.2021 Quarter	Cumulative	Current period 1.1. - 31.3.2022. Quarter
Equity instruments Debt securities FX transactions and derivatives	4,329,892 (1,324,176) 11,754,803	4,329,892 (1,324,176) 11,754,803	(3,411,601) (24,540,637) 13,037,905	(3,411,601) (24,540,637) 13,037,905
Total	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		Current period 1.1. - 31.3.2022.
Equity instruments	Cumulative -	Quarter -	Cumulative 66,627	Quarter 66,627
Debt securities Loans and advances	- 1,360,042	- 1,360,042	- -	- -
Total	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		Current period 1.1. - 31.3.2022.
Other operating expenses Administrative expenses	Cumulative 2,349,243 94,937,843	Quarter 2,349,243 94,937,843	Cumulative 1,774,998 104,022,262	Quarter 1,774,998 104,022,262
Employee expenses Other administrative expenses	58,692,177 36,245,665	58,692,177 36,245,665	61,695,571 42,326,691	61,695,571 42,326,691
(Contributions in cash rehabilitation committees and Deposit Insurance Schemes) Amortization	2,741,250 17,178,795	2,741,250 17,178,795	3,479,089 17,918,409	3,479,089 17,918,409
Property, plant and equipment Investment property	10,991,911 -	10,991,911 -	10,212,463 -	10,212,463 -
Other intangible assets Total	6,186,885 117,207,131	6,186,885 117,207,131	7,705,945 127,194,757	7,705,945 127,194,757
9) IMPAIRMENT LOSSES AND PROVISION EXPENSES
ADP 019 & ADP 020 & ADP 021 & ADP 023 Modification gains or (-) losses, net	Cumulative (3,309,564)	Same period of the previous year 1.1. - 31.3.2021 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 Mandatory reserve	1,326,441,533 1,326,441,533	- -	- -	1,348,626,014 1,348,626,014	- -	- -
Allowance Government Gross loans	- 3,442,887,361 3,456,836,667	- 27,214,597 27,813,410	- - 92,006	- 3,313,320,417 3,318,356,963	- 26,735,769 27,313,163	- - 92,006
Allowance Credit institutuions	(13,949,306) 277,890,317	(598,813) -	(92,006) -	(5,036,545) 1,765,144,842	(577,394) -	(92,006) -
Gross loans Allowance	117,158 (0)	- -	- -	103,794 (0)	- -	- -
Deposits Allowance	278,323,532 (550,373)	- -	- -	1,772,963,913 (7,922,864)	- -	- -
Other financial institutions Gross loans	170,320,447 160,489,050	122 122	- -	244,782,212 234,447,219	895 905	- -
Allowance Deposits	(2,059,031) 12,188,549	(0) -	- -	(2,176,090) 12,824,813	(11) -	- -
Allowance Non - financial institutions Gross loans	(298,121) 1,635,385,261 1,661,243,557	- 770,088,173 836,572,344	- 615,079,209 1,333,341,814	(313,730) 2,344,806,079 2,384,147,686	- 537,596,891 589,987,431	- 628,730,830 1,321,252,268
Allowance Retail	(25,858,296) 7,096,378,085	(66,484,172) 372,303,977	(718,262,605) 221,121,872	(39,341,608) 7,048,341,599	(52,390,540) 399,126,578	(692,521,438) 188,797,074
Gross loans Allowance	7,190,592,928 (94,214,842)	413,935,430 (41,631,453)	831,400,100 (610,278,228)	7,139,820,079 (91,478,480)	442,199,366 (43,072,788)	833,873,821 (645,076,747)
Total	13,949,303,005	1,169,606,868	836,201,081	16,065,021,163	963,460,133	817,527,904
11) NON-TRADING FINANCIAL ASSETS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS ADP 013	31.12.2021	31.3.2022
Central banks Local state	- -	- -
Credit institutions Other financial institutions	- -	- -
Non - financial institutions Retail Total	2,895,155 6,421,574 9,316,729	2,803,117 6,373,763 9,176,880
12) DEPOSITS
ADP 044 Government	31.12.2021 401,789,616	31.3.2022 402,036,191
Local state Credit institutions	6,575,113,951 103,484,950	6,752,611,254 112,990,145
Other financial institutions Non - financial institutions	1,466,863,467 3,598,925,458	1,749,461,124 3,959,086,015
Retail Total	12,601,533,019 24,747,710,461	12,808,191,156 25,784,375,884