Hrvatska Poštanska Banka d.d.

Quarterly Report • Apr 29, 2024

HPB p.l.c. 3M 2024

Investor information and unaudited financial statements

April 2024

Limitation of liability

• The information and data contained in this presentation are intended as general background information on Hrvatska poštanska banka p.l.c. (hereinafter referred to as the Bank or HPB) and its activities. They are provided in summary form and therefore do not necessarily represent complete information. 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," "estimates," "potential" or "continues" 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, forward-looking statements cannot be guaranteed. Accordingly, we cannot guarantee the realization of such forward-looking statements, nor should full reliance be placed on such forward-looking statements. Many factors may affect our results of operations, financial conditions, liquidity, and developments in the industry in which we operate, and these may 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 related 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, and therefore HPB hereby expressly makes no representation of warranty of any kind including, but not limited to the accuracy, completeness or reliability of the information and data provided. This presentation is for information purposes only and does not contain a recommendation to buy or sell or an offer to sell or subscribe for shares, nor does it constitute an invitation to make an offer to sell shares.
• This presentation has been prepared and the information in it has been checked with the greatest possible care. Nevertheless, rounding and transmission cannot be excluded. When adding up rounded amounts and percentages, differences may appear.

Type and name of prescribed information: Financial statements for the period 1.1.2024 - 31.3.2024, HPB p.l.c. 3M 2024 Investor information and unaudited Financial statements for the period 1.1.2024 - 31.3.2024 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 Exchange, Official market

In accordance with the Capital Markets Act, Hrvatska poštanska Banka p.l.c. (hereinafter referred to as the Bank or HPB), publishes unaudited unconsolidated financial statements for the period from January 1 to March 31, 2024.

Original and official report is published in Croatian.

The report includes:

• Management report of HPB p.l.c.,
• Statement by persons responsible for compiling the report of HPB p.l.c.,
• 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 (OG 114/2018, 27/2021, 26/2022 and 32/2023).

Marko Badurina, President of the Management Board

"I am proud that the HPB team continues with achieving record results in 2024. For us this period is marked with consolidation after record growth in the previous year. Quarterly net profit of EUR 24 million represents a confirmation of the trend that we have been in for a long time, and also represents a significant addition to capital and our potential for growth in the future."

Executive Summary

Macroeconomic Environment

Financials

Risk Management

Additional information

The most profitable quarter in the Bank's history

* Profit and loss account positions in this presentation for the first quarter of 2021-2023 show the result of HPB on a stand-alone basis, while the first quarter (3M) of 2024 includes the result of integrated Bank (HPB + NHB) in accordance with the merger of NHB in July 2023

** The balance sheet positions in this presentation on the reporting dates 31.12.2021 and 31.12.2022 show the result of HPB on a stand-alone basis, while the reporting dates 31.12.2023 and 31.3.2024 include results of an integrated Bank (HPB + NHB) in accordance with the merger of NHB in July 2023

We are creating conditions for a better life in Croatia.

6

Fastest growing Bank in Croatia

For the first time, HPB becomes 5 th largest bank by market share.

7 Source: CNB statistics, SV1 Data on the operations of credit institutions as of 31.12.2022 and 31.12.2023 (preliminary, unaudited)

Executive Summary

Macroeconomic Environment

Financials

Risk Management Additional information

Macroeconomic indicators

	Croatia	Euro area €		Croatia	Euro area €
Overall inflation (HICP)	4.9% Mar 24: Mar 23: 10.5%	Mar 24: 2.4% Mar 23: 6.9%	Interest rate on deposits with agreed maturity	Feb 24: 2.0% 23: 1.1% Feb Feb 24: 3.4% 23: 1.7% Feb	Feb 24: 3.2% 23: 1.9% Feb Feb 24: 3.6% 23: 2.3% Feb	Households Corporations
Unemployment rate	24: 6.0% Feb 23: 6.3% Feb	24: 6.5% Feb 23: 6.6% Feb	Financial investment growth quarterly	23: 6.6% Q4 22: 5.1% Q4 23: 8.2% Q4 22: 10.9% Q4	23: 1.9% Q4 22: 2.5% Q4 23: 1.4% Q4 22: 3.1% Q4	Households Corporations
Real GDP growth quarterly	23: 4.3% Q4 22: 3.3% Q4	23: 0.1% Q4 22: 1.9% Q4	Interest rate on loans	Feb 24: 5.0% 23: n/a Feb Feb 24: 3.7% 23: 3.2% Feb Feb 24: 5.2% Feb 23: 3.9%	Feb 24: 7.9% 23: 7.1% Feb Feb 24: 3.8% 23: 3.3% Feb Feb 24: 5.0% Feb 23: 3.8%	Households' consumption Households' home purchase Corporations
Source: ECB Data Portal 9

Executive Summary Macroeconomic Environment

Financials

Risk Management Additional information

Interest income growth leads to record quarterly profit after tax

(EUR mn) Profit and loss account	3M 2023*	3M 2024*	Y-o-Y	Y-o-Y %
Net interest income	25 4	46 6	21 2	83 6
Net fee and commission income	5 9	7 6	1 7	29 4
Net other income	1 3	0 9	(0 3)	(26 9)
Operating income	32 5	55 2	22 6	69 5
Employee expenses	(8 9)	(13 3)	4 4	49 7
Administrative expenses	(8 5)	(10 4)	1 9	21 9
Depreciation	(1 7)	(2 9)	1 2	74 2
Operating expenses	(19 0)	(26 5)	7 5	39 4
Operating profit	13 5	28 6	15 1	111 9
Provisions	4 6	0 2	(4 4)	(95 3)
Tax	(0 1)	(5 0)	4 8	3 699 8 ,
Profit after tax	18 0	23 9	5 9	32 7

* 3M in 2023 includes the result of the Bank's operations on a stand-alone basis, while 3M in 2024 includes the result of the integrated Bank (HPB + NHB) in accordance with the merger of NHB in July 2023

• Record quarterly profit after tax is the result of strong interest income growth
• In accordance with the movement of the ECB's reference interest rates and an average larger volume of liquid assets, net interest income almost doubled
• Net fee and commission income recorded a growth of EUR 1.7 mn in the observed period due to higher income from payment transactions in almost all business segments
• A significant increase in interest income neutralized the increase in operating expenses, which significantly improved the CIR indicator, which is 48.9% (3M 2023: 58.5%)
• Relative increase in employee expenses primarily due to the impact of the merger of NHB in 2023, and to the lesser extent by labor and service price adjustments due to the inflationary environment and other factors
• Operating expenses in the first quarter of 2024 are higher compared to the same period of the previous year due to the merger of NHB, a general increase in expenses due to inflation, and an increase in depreciation due to the activation of newly acquired assets
• Improvement of the performing portfolio credit quality due to the positive economic trends neutralized provisions on the NPL portfolio and resulted in income from the reversal of provisions in the total amount of EUR 0.2 mn

Interest income is the key driver of realized operating profit Operating profit amounts EUR 28.6 mn

Operating income

Higher level of expenses according to merger was completely offset by significantly higher income CIR at 49.8%

Operating expenses

Net effect 3M 2023 income EUR +4.6 mn Net effect 3M 2024 income EUR +0.2 mn 0 1.4 2.3 0.8 3.1 -3.7 0.8 Stage 1 & 2 Stage 3 Other provisions 3M 2023 3M 2024 expense income

• Due to the improvement of the credit quality portfolio through migrations from Stage 2 to Stage 1, additionally considering the favorable macroeconomic circumstances during Q1, income from reversal of provisions was recorded in the amount of EUR 3.1 mm
• Provisions for non-performing loans (Stage 3) are moderate in the historical context (annualized 0.5% of the gross loan portfolio) and are the result of solid collection in corporate segment with minimal new NPL volumes in the retail segment
• Other provisions mostly refers to legal cases

Realized asset level of EUR 6.8 bn

(EUR mn) Balance sheet	31 12 2023	31 3 2024	YTD	YTD %
Cash and cash equivalents	3 103 ,	2 872 ,	(231)	(8 0)
Securities	915	917	2	0 2
Net loans and advances	2 908 ,	2 858 ,	(50)	(1 8)
Other assets	120	115	(4)	(3 7)
Total assets	7 046 ,	6 762 ,	(284)	(4 2)
Deposits	5 929 ,	5 653 ,	(276)	(4 9)
Loan liabilities	468	439	(29)	(6 7)
Other liabilities	115	113	(2)	(2 2)
Total liabilities	6 512 ,	6 204 ,	(308)	(5 0)
equity Total and reserves	534	558	24	4 3

• Total assets lower by EUR 284 mn compared to the end of 2023, mostly due to the lower volume of several corporate deposits, which was reflected in the reduction of cash and cash equivalents on the asset side
• Although the Bank achieved an excellent result from the new Super Štednja 2 in the retail segment (March 31, 2024 = EUR 212 mn), which began to be contracted on January 1, 2024, total deposits recorded a decline of EUR 276 mn primarily due to a decrease in several deposits from corporate clients due to the reduction in prices offered by the Bank compared to the previous quarter; the trend of a vista overflow into term deposits continues
• The gross loan portfolio is flat due to the focus on RWA optimization and market positioning
• Loan liabilities refer to MREL instruments and received loans from financial institutions (CBRD, CNB repo loans and foreign financial institutions), where reduction refers to regular repayment
• 15 Source: Management report

Client deposits dominate the funding sources

Stable dispersion of gross loan portfolio by segments

In Q1 2024, EUR 189 mn of new loans were approved and released (6.1% of the total portfolio)

Share 31.12.2023 Share 31.3.2024

Stable NPL ratio with still high coverage

• NPL ratio shows an extremely good result, which, in addition to a significant reduction in the non-performing loans, was also influenced by performing exposure, primarily through reclassifications into the performing portfolio
• Coverage of NPL still above the level of the sector average (December 31, 2023: 69.0%)
• 18 Source: FINREP, regulatory reports

Massive liquidity with high LCR

19 Source: Management report Share 31.12.2023 Share 31.3.2024

HPB Super Štednja 2

• New attractive savings product from 1 January 2024
• Strategy for retaining existing and attracting new clients

Super Štednja 2

Executive Summary Macroeconomic Environment Financials

Risk Management

Additional information

Continuously strong capital position

▪ Regulatory MREL requirement set at 30.81% from January 1, 2024 and is raised by 0.5%, due to increase in the countercyclical buffer, reaching a total of 31.31%, effective from June 30, 2024

HPB monitors and supports development of the Croatian economy

23 Source: Management report, according to National Classification of Activities (NKD) Executive Summary Macroeconomic Environment Financials

Risk Management

Additional information

Significantly faster growth of the share value than the market

Dividend payment on June 24, 2024, in the amount of EUR 2.61 per share from retained earnings in accordance with the decision of the General Assembly from December 21, 2023

Abbreviations

Abbreviation	Definition
CBRD	Croatian Bank for Reconstruction and Development
CET 1	Common Equity Tier 1
CHF	Swiss Frank
CIR	Cost-to-income ratio
CNB	Croatian National Bank
CROBEX	Croatian Benchmark Stock Exchange Index
ECB	European Central Bank
ESG	Environmental, Social and Governance
GDP	Gross Domestic Product
HICP	Harmonised index of consumer prices
HPB	Hrvatska poštanska banka
ISIN	International Securities Identification Number
LCR	Liquidity Coverage Ratio
MREL	Minimum Requirement for Own Funds and Eligible Liabilities
NHB	Nova hrvatska banka
NPL	Non-Performing Loans
Q1 or 3M	First quarter
ROAA	Return on Average Assets
ROAE	Return on Average Equity
RWA	Risk-Weighted Assets
Stage 1 and 2	Performing Loans
Stage 3	Non-Performing Loans
Y-o-Y	Year-over-Year
YTD	Year to Date

Indicies calculation

Indicator	Calculation
Liquidity coverage ratio (LCR)	The ratio of liquid assets to net liquidity outflow
NPL coverage	Ratio of accumulated impairments for non-performing loans to total non-performing loans
NPL ratio	Ratio of non-performing loans to total loans
Loan to deposit ratio	Ratio of net loans to deposits as of the reporting date
Cost to income ratio (CIR)	Operating cost to net operating income ratio
Return on average assets (ROAA)	Ratio of annualized profit for the current year to average assets (arithmetic mean of the balance in assets at the end of the reporting period and the balance in assets at the end of the previous year)
Return on average equity (ROAE)	Ratio of annualized profit for the current year to average equity (arithmetic mean of the balance in equity at the end of the reporting period and the balance in equity at the end of the previous year)
Common Equity Tier 1(CET 1)	Common Equity Tier 1 (CET1) capital to risk-weighted assets (RWA) ratio

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

In accordance with the Capital Market Act, the Management Board of HPB p.l.c., states that according to their best knowledge the set of unaudited unconsolidated financial statements for the period from January 1 to March 31, 2024, 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.

On behalf of HPB p.l.c.:

Marko Badurina Tadija Vrdoljak

Ivan Soldo Josip Majher

Anto Mihaljević Member of the Management Board

President of the Management Board Member of the Management Board

Member of the Management Board Member of the Management Board

Management report of HPB p.l.c.

Management report of Hrvatska poštanska Banka p.l.c. for the period from January 1 to March 31, 2024, is contained in the previous section of this material.

Marko Badurina Tadija Vrdoljak President of the Management Board Member of the Management Board

Ivan Soldo Josip Majher

Anto Mihaljević Member of the Management Board

Member of the Management Board Member of the Management Board

Annex 1 ISSUER'S GENERAL DATA
Reporting period:		1.1.2024.	to	31.03.2024.
Year:		2024
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, p.l.c.
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	1722
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:
Bookkeeping firm:	No	(Yes/No)			Yes No
Contact person: Tea Bažant				(name of the bookkeeping firm)
Telephone: 014804670	(only name and surname of the contact person)
	E-mail address: tea.bazant@hpb.hr
Audit firm:
Certified auditor:	(name of the audit firm)
	(name and surname)

BALANCE SHEET balance as at 31.03.2024.

in EUR

Submitter: HRVATSKA POŠTANSKA BANKA, p.l.c.
Item	ADP code	Last day of the preceding	Current period
		business year
1	2	3	4
Assets
Cash, cash balances at central banks and other demand deposits (from 2 to 4)	001		3,103,793,849 2,873,115,401
Cash in hand	002	136,782,367	108,488,086
Cash balances at central banks	003		2,957,462,257 2,754,347,469
Other demand deposits	004	9,549,225	10,279,846
Financial assets held for trading (from 6 to 9)	005	54,809,698	55,174,811
Derivatives	006	612,632	6,677
Equity instruments	007	14,348,314	15,468,427
Debt securities Loans and advances	008 009	39,848,752 0	39,699,707 0
Non-trading financial assets mandatorily at fair value through profit or loss (from 11 to 13)	010	490,500	505,795
Equity instruments	011	0	0
Debt securities	012	0	0
Loans and advances	013	490,500	505,795
Financial assets at fair value through profit or loss (15 + 16)	014	0	0
Debt securities Loans and advances	015 016	0 0	0 0
Financial assets at fair value through other comprehensive income (from 18 to 20)	017	4,394,287	4,744,613
Equity instruments	018	4,394,287	4,744,613
Debt securities	019	0	0
Loans and advances	020	0	0
Financial assets at amortised cost (22 + 23)	021		3,786,154,629 3,736,417,075
Debt securities	022	855,856,956	856,702,984
Loans and advances	023		2,930,297,673 2,879,714,091
Derivatives - hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk	024 025	0 0	0 0
Investments in subsidiaries, joint ventures and associates	026	1,295,487	1,295,487
Tangible assets	027	60,791,774	58,454,291
Intangible assets	028	14,601,447	14,580,322
Tax assets	029	5,316,953	5,222,999
Other assets	030	14,404,364	10,720,193
Fixed assets and disposal groups classified as held for sale	031	0	1,777,644
Total assets (1 + 5 + 10 + 14 + 17 + 21 + from 24 to 31)	032		7,046,052,988 6,762,008,631
Liabilities
Financial liabilities held for trading (from 34 to 38) Derivatives	033 034	16,165 16,165	232,319 232,319
Short positions	035	0	0
Deposits	036	0	0
Debt securities issued	037	0	0
Other financial liabilities	038	0	0
Financial liabilities at fair value through profit or loss (from 40 to 42)	039	0	0
Deposits	040	0	0
Debt securities issued	041	0	0
Other financial liabilities Financial liabilities measured at amortised cost (from 44 to 46)	042 043	0	0 6,418,350,046 6,111,499,958
Deposits	044		6,397,218,638 6,091,239,347
Debt securities issued	045	0	0
Other financial liabilities	046	21,131,408	20,260,611
Derivatives - hedge accounting	047	0	0
Fair value changes of the hedged items in portfolio hedge of interest rate risk	048	0	0
Provisions Tax liabilities	049 050	41,571,561 7,508,138	37,986,884 11,268,271
Share capital repayable on demand	051	0	0
Other liabilities	052	44,870,183	43,187,126
Liabilities included in disposal groups classified as held for sale	053	0	0
Total liabilities (33 + 39 + 43 + from 47 to 53) Equity	054		6,512,316,093 6,204,174,558
Capital	055	161,970,000	161,970,000
Share premium	056	0	0
Equity instruments issued other than capital	057	0	0
Other equity	058	0	0
Accumulated other comprehensive income	059	8,645,102	8,888,773
Retained profit Revaluation reserves	060	194,508,595	275,123,650
Other reserves	061 062	0 87,998,143	0 87,998,143
( – ) Treasury shares	063	0	-3,920
Profit or loss attributable to owners of the parent	064	80,615,055	23,857,424
(-–) Interim dividends	065	0	0
Minority interests [non-controlling interests]	066	0	0
Total equity (from 55 to 66)	067	533,736,895	557,834,070
Total equity and liabilities (54 + 67)	068		7,046,052,988 6,762,008,628

STATEMENT OF PROFIT OR LOSS for the period 01.01.2024. to 31.03.2024.

Submitter: HRVATSKA POŠTANSKA BANKA, p.l.c.

Item	ADP code		Same period of the previous year	Current period
		Cumulative	Quarter	Cumulative	Quarter
1 Interest income	2 001	3 27,560,990	4 27,560,990	5 65,216,059	6 65,216,059
(Interest expenses)	002	2,274,447	2,274,447	18,744,692	18,744,692
(Expenses on share capital repayable on demand)	003	0	0	0	0
Dividend income	004	79,823	79,823	5,572	5,572
Fees and commissions income (Fees and commissions expenses)	005 006	15,456,805 9,587,886	15,456,805 9,587,886	16,878,537 9,280,722	16,878,537 9,280,722
Gains or (-) losses on derecognition of financial assets and liabilities not	007	0	0	0	0
measured at fair value through profit or loss, net Gains or (-) losses on financial assets and liabilities held for trading, net	008	907,178	907,178	808,597	808,597
Gains or losses on non-trading financial assets mandatorily at fair value	009	-36,986	-36,986	-88	-88
through profit or loss, net Gains or (-) losses on derecognition of financial assets and liabilities at fair value through profit or loss, net	010	0	0	0	0
Gains or (-) losses from hedge accounting, net	011	0	0	0	0
Exchange rate differences [gain or (-) loss], net	012	-8,981	-8,981	626,170	626,170
Gains or (-) losses on derecognition of of investments in subsidiaries, joint ventures and associates, net	013	0	0	0	0
Gains or (-) losses on derecognition of non-financial assets, net	014	0	0	10,338	10,338
Other operating income (Other operating expenses)	015 016	297,456 891,386	297,456 891,386	280,988 744,736	280,988 744,736
Total operating income, net (1 – 2 – 3 + 4 + 5 – 6 + from 7 to 15 – 16)	017	31,502,566	31,502,566	55,056,023	55,056,023
(Administrative expenses)	018	15,329,293	15,329,293	22,668,673	22,668,673
(Cash contributions to resolution boards and deposit guarantee schemes)	019	363,060	363,060	0	0
(Depreciation)	020	2,342,255	2,342,255	3,768,663	3,768,663
Modification gains or (-) losses, net (Provisions or (-) reversal of provisions)	021 022	-151,931 -3,189,912	-151,931 -3,189,912	-73,940 -1,027,102	-73,940 -1,027,102
(Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss)	023	-1,609,154	-1,609,154	736,703	736,703
(Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates)	024	0	0	0	0
(Impairment or (-) reversal of impairment on non-financial assets)	025	0	0	0	0
Negative goodwill recognised in profit or loss	026	0	0	0	0
Share of the profit or (-) losses of investments in subsidiaries, joint ventures and associates accounted for using the equity method	027	0	0	0	0
Profit or (-) loss from fixed assets and disposal groups classified as held for sale not qualifying as discontinued operations	028	0	0	0	0
Profit or (-) loss before tax from continuing operations (17 – 18 to 20 + 21 - from 22 to 25 + from 26 to 28)	029	18,115,093	18,115,093	28,835,146	28,835,146
(Tax expense or (-) income related to profit or loss from continuing operations)	030	131,174	131,174	4,977,722	4,977,722
Profit or (-) loss after tax from continuing operations (29 – 30)	031	17,983,919	17,983,919	23,857,424	23,857,424
Profit or (-) loss after tax from discontinued operations (33 – 34)	032	0	0	0	0
Profit or (-) loss before tax from discontinued operations	033	0	0	0	0
(Tax expense or (-) income related to discontinued operations)	034	0	0	0	0
Profit or ( – ) loss for the year (31 + 32; 36 + 37)	035	17,983,919	17,983,919	23,857,424	23,857,424
Attributable to minority interest [non-controlling interests] Attributable to owners of the parent	036 037	0 17,983,919	0 17,983,919	0 23,857,424	0 23,857,424
STATEMENT OF OTHER COMPREHENSIVE INCOME
Income or (-) loss for the current year	038	17,983,919	17,983,919	23,857,424	23,857,424
Other comprehensive income (40+ 52) Items that will not be reclassified to profit or loss (from 41 to 47 + 50	039	273,580	273,580	243,671	243,671
+ 51)	040	273,580	273,580	243,671	243,671
Tangible assets Intangible assets	041 042	0 0	0 0	0 0	0 0
Actuarial gains or (-) losses on defined benefit pension plans	043	0	0	0	0
Fixed assets and disposal groups classified as held for sale	044	0	0	0	0
Share of other recognised income and expense of entities accounted for using the equity method	045	0	0	0	0
Fair value changes of equity instruments measured at fair value through other comprehensive income	046	356,813	356,813	350,992	350,992
value through other comprehensive income, net	047	0	0	0	0
other comprehensive income [hedged item] other comprehensive income [hedging instrument]	048 049	0 0	0 0	0 0	0 0
Fair value changes of financial liabilities measured at fair value through	050	0	0	0	0
profit or loss attributable to changes in their credit risk Income tax relating to items that will not be reclassified	051	-83,233	-83,233	-107,321	-107,321
Items that may be reclassified to profit or loss (from 53 to 60)	052	0	0	0	0
Hedge of net investments in foreign operations [effective portion]	053	0	0	0	0
Foreign currency translation	054	0	0	0	0
Cash flow hedges [effective portion] Hedging instruments [not designated elements]	055 056	0 0	0 0	0 0	0 0
Debt instruments at fair value through other comprehensive income	057	0	0	0	0
Fixed assets and disposal groups classified as held for sale	058	0	0	0	0
Share of other recognised income and expense of investments in subsidiaries, joint ventures and associates	059	0	0	0	0
Income tax relating to items that may be reclassified to profit or (-) loss	060	0	0	0	0
Total comprehensive income for the current year (38 + 39; 62 + 63) Attributable to minority interest [non-controlling interest]	061 062	18,257,499 0	18,257,499 0	24,101,095 0	24,101,095 0
Attributable to owners of the parent	063	18,257,499	18,257,499	24,101,095	24,101,095

in EUR

STATEMENT OF CASH FLOW for the period 01.01.2024 to 31.03.2024.

in EUR

Submitter: HRVATSKA POŠTANSKA BANKA, p.l.c.
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	18,115,093	28,835,146
Adjustments:		0	0
Impairment and provisions	010	-4,647,135	-290,399
Depreciation	011	2,342,255	3,768,663
Net unrealised (gains)/losses on financial assets and liabilities at fair
value through statement of profit or loss	012	-870,192	-808,509
(Profit)/loss from the sale of tangible assets	013	0	-10,338
Other non-cash items	014	-25,286,543	-47,029,169
Changes in assets and liabilities from operating activities
Deposits with the Croatian National Bank	015	0	0
Deposits with financial institutions and loans to financial institutions	016	0	0
Loans and advances to other clients	017	-10,604,560	46,513,898
Securities and other financial instruments at fair value through other
comprehensive income	018	-1,404,759	-350,326
Securities and other financial instruments held for trading	019	33,860	-365,112
Securities and other financial instruments at fair value through statement of profit or loss, not traded	020	0	0
Securities and other financial instruments mandatorily at fair value through statement of profit or loss	021	0	-15,295
Securities and other financial instruments at amortised cost	022	-8,728,857	-846,028
Other assets from operating activities	023	-4,820,994	3,684,171
Deposits from financial institutions	024	-77,253,256	-6,779,136
Transaction accounts of other clients	025	506,620,493	-382,199,292
Savings deposits of other clients	026	-934,097,878	-16,671,738
Time deposits of other clients	027	79,170,314	129,729,635
Derivative financial liabilities and other liabilities held for trading	028	-184,848	216,154
Other liabilities from operating activities	029	241,854,824	-1,296,901
Interest received from operating activities [indirect method]	030	27,560,990	65,216,059
Dividends received from operating activities [indirect method]	031	79,823	5,572
Interest paid from operating activities [indirect method]	032	-2,274,447	-18,744,692
(Income tax paid)	033	0	0
Net cash flow from operating activities (from 1 to 33)	034	-194,395,817	-197,437,637
Investing activities
Cash receipts from the sale / payments for the purchase of tangible and intangible assets	035	-6,339,435	-3,187,699
Cash receipts from the sale / payments for the purchase of investments in branches, associates and joint ventures	036	0	0
Cash receipts from the sale / payments for the purchase of securities and	037	0	0
other financial instruments held to maturity	038
Dividends received from investing activities		0	0
Other receipts/payments from investing activities Net cash flow from investing activities (from 35 to 39)	039	0	0
Financing activities	040	-6,339,435	-3,187,699
Net increase/(decrease) in loans received from financing activities	041	4,676,845	-30,058,759
Net increase/(decrease) in debt securities issued	042	0	0
Net increase/(decrease) in Tier 2 capital instruments	043	0	0
Increase in share capital	044	0	0
(Dividends paid)	045	0	0
Other receipts/(payments) from financing activities	046	0	0
Net cash flow from financing activities (from 41 to 46) Net increase/(decrease) of cash and cash equivalents (34 + 40 + 47)	047 048	4,676,845 -196,058,407	-30,058,759 -230,684,095
Cash and cash equivalents at the beginning of period Effect of exchange rate fluctuations on cash and cash equivalents	049 050	1,325,718,840 -8,981	3,103,793,849 5,647
Cash and cash equivalents at the end of period (48 + 49 + 50)	051	1,129,651,452	2,873,115,401

STATEMENT OF CHANGES IN EQUITY

for th eri od fro e p	m	to	31. 3.2 024												in E UR
		Attr ibut able of the Non lling to t ntro own ers pa ren -co								int st ere
Sou s of uity ch rce eq ang es	AD P cod e	Equ ity	Sha re pre miu m	Equ ity inst ent rum s issu ed o the r tha pita l n ca	Oth qui ty er e	Acc ulat ed um oth er hen si com pre ve i nco me	Reta ined prof it	Rev alua tion rese rves	Oth er rese rves	( ) T reas ury sha res	Prof it or ( - ) loss attri buta ble to of th own ers e nt pare	(-) In terim divi den ds	Acc ulat ed um oth er hen si com pre ve i nco me	Oth er i tem s	Tot al
1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16
Ope ning ba lanc e [b efo t] est ate re r men	001	161 ,970 ,000	0	0	0	8,6 45, 102	194 ,508 ,595	0	87, 998 ,14 3	0	80, 615 ,05 5	0	0	0	533 ,736 ,895
Effe of e ions cts rect rror cor	002	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Effe of c han in a ing pol icie cts unt ges cco s	003	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ope ning ba lanc e [c erio d] ( 1 + 2 + 3) nt p urre	004	161 ,970 ,000	0	0	0	8,64 5,10 2	194 ,508 ,595	0	87,9 98,1 43	0	80,6 15,0 55	0	0	0	533 ,736 ,895
Ord inar y sh iss ares ue	005	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre fere sha issu nce res e	006	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issu e of oth quit y in stru ts er e men	007	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Exe rcis pira tion of oth qui ty i nst ent e o r ex er e rum s issu ed	008	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Con ion of re iabl uity inst es t ents vers cev o eq rum	009	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cap ital red uct ion	010	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Divi den ds	011	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pur cha f tre hare se o asu ry s s	012	0	0	0	0	0	0	0	0	-3,9 20	0	0	0	0	-3,9 20
Sale cell atio n of hare tre or can asu ry s s	013	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Rec lass ifica tion of f inan cial inst fro quit ents y to rum m e liab ility	014	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Rec lass ifica tion of f inan cial inst ents fro m li abil ity t rum o ity equ	015	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tra nsfe ent s of uity rs a mo ng c om pon eq	016	0	0	0	0	0	80, 615 ,05 5	0	0	0	-80 ,61 5,0 55	0	0	0	0
Equ ity i r ( - ) d sult ing from ncr eas e o ecr eas e re bus ines mb inat ions s co	017	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Sha re b d p ent ase aym s	018	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Oth er i r (-) de in e qui ty ncr eas e o cre ase	019	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tot al c hen sive inc e fo r th t ye om pre om e cu rren ar	020	0	0	0	0	243 ,67 1	0	0	0	0	23, 857 ,42 4	0	0	0	24,1 01,0 95
Clo sing ba lanc e [c erio d] ( from o 20 ) nt p 4 t urre	021	161 ,970 ,000	0	0	0	8,88 8,77 3	275 ,123 ,650	0	87,9 98,1 43	-3,9 20	23,8 57,4 24	0	0	0	557 ,834 ,070

Notes to financial statements
1) INTEREST INCOME AOP 001	Same period of the previous year		Current period 01.01. – 31.03.2024.	in EUR
	01.01.- 31.01.2023. Cumulative	Quarter	Cumulative	Quarter
Debt securities Loans and advances Other assets	2,974,192 19,596,848 4,989,950	2,974,192 19,596,848 4,989,950	5,535,267 5,535,267 31,566,473 28,114,319	5,535,267 31,566,473 28,114,319
Deposits Other liabilities	- -	- -	- -	- -
Total	27,560,990	27,560,990	65,216,059	65,216,059
2) INTEREST EXPENSE AOP 002	Same period of the previous year 01.01.- 31.01.2023.		Current period 01.01. – 31.03.2024.	in EUR
Debt securities	Cumulative -	Quarter -	Cumulative -	Quarter -
Loans and advances Other assets	2,519 -	2,519 -	105 -	105 -
Deposits Other liabilities	2,270,270 1,658	2,270,270 1,658	18,552,033 192,554	18,552,033 192,554
Total 3) FEE AND COMMISSION INCOME	2,274,447	2,274,447	18,744,692	18,744,692 in EUR
AOP 005	Same period of the previous year 01.01.- 31.01.2023.		Current period 01.01. – 31.03.2024.
Securities	Cumulative 69,123	Quarter 69,123	Cumulative 67,047	Quarter 67,047
Asset management Custody [according to the type of client]	3,833 141,801	3,833 141,801	843 163,922	843 163,922
Loan commitments Other Total	1,213 15,240,836 15,456,805	1,213 15,240,836 15,456,805	3,071 16,643,654 16,878,537	3,071 16,643,654 16,878,537
4) FEE AND COMMISSION EXPENSE				in EUR
AOP 006	Same period of the previous year 01.01.- 31.01.2023.		Current period 01.01. – 31.03.2024.
Bank clearing and settlement	Cumulative 76,511	Quarter 76,511	Cumulative 128,631	Quarter 128,631
Other Total	9,511,374 9,587,886	9,511,374 9,587,886	9,152,091 9,280,722	9,152,091 9,280,722
5) GAIN/LOSSES ON TERMINATION OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES	Same period of the previous year			in EUR
AOP 007	01.01.- 31.01.2023. Cumulative	Quarter	Current period 01.01. – 31.03.2024. Cumulative	Quarter
Debt securities Loans and advances	- -	- -	- -	- -
Deposits Debt Securities issued	- -	- -	- -	- -
Other financial liabilities Total	- -	- -	- -	- -
6) GAINS OR (-) LOSSES ON FINANCIAL ASSETS AND LIABILITIES HELD FOR TRADING	Same period of the previous year			in EUR
AOP 008	01.01.- 31.01.2023. Cumulative	Quarter	Current period 01.01. – 31.03.2024. Cumulative	Quarter
Equity instruments Debt securities	560,971 4,146	560,971 4,146	1,143,802 (42,211)	1,143,802 (42,211)
FX transactions and derivatives Total	342,061 907,178	342,061 907,178	(292,994) 808,597	(292,994) 808,597
7) GAINS OR LOSSES ON NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS	Same period of the previous year
AOP 009	01.01.- 31.01.2023. Cumulative	Quarter	Current period 01.01. – 31.03.2024. Cumulative	Quarter
Equity instruments Debt securities	- -	- -	- -	- -
Loans and advances Total	(36,986) (36,986)	(36,986) (36,986)	(88) (88)	(88) (88)
8) OPERATING EXPENSES				in EUR
AOP 015 & AOP 017 & AOP 018	Same period of the previous year 01.01.- 31.01.2023. Cumulative	Quarter	Current period 01.01. – 31.03.2024. Cumulative	Quarter
Other operating expenses Administrative expenses	891,386 15,329,293	891,386 15,329,293	744,736 22,668,673	744,736 22,668,673
Employee expenses Other administrative expenses	8,804,306 6,524,987	8,804,306 6,524,987	13,285,601 9,383,071	13,285,601 9,383,071
(Contributions in cash rehabilitation committees and Deposit Insurance Schemes) Amortization	363,060 2,342,255	363,060 2,342,255	- 3,768,663	- 3,768,663
Property, plant and equipment Investment property	1,571,302 -	1,571,302 -	2,341,717 -	2,341,717 -
Other intangible assets Total	770,953 18,925,994	770,953 18,925,994	1,426,946 27,182,071	1,426,946 27,182,071
9) IMPAIRMENT LOSSES AND PROVISION EXPENSES	Same period of the previous year			in EUR
AOP 019 & AOP 020 & AOP 021 & AOP 023	01.01.- 31.01.2023. Cumulative	Quarter	Current period 01.01. – 31.03.2024. Cumulative	Quarter
Modification gains or (-) losses, net Financial assets at fair value through other comprehensive income	(151,931) -	(151,931) -	(73,940) -	(73,940) -
Financial assets at amortized cost (Provisions or (-) reversal of provisions) Liabilities towards resolution committees and deposit insurance systems	(151,931) (3,189,912) -	(151,931) (3,189,912) -	(73,940) (1,027,102) -	(73,940) (1,027,102) -
(Liabilities and Guarantees) (Other Provisions)	(2,341,899) (848,012)	(2,341,899) (848,012)	(182,728) (844,374)	(182,728) (844,374)
(Impairment or (-) reversal of impairment on financial assets that are not measured at fair value through profit or loss)	(1,609,154)	(1,609,154)	736,703	736,703
(Financial assets at fair value through other comprehensive income) (Financial assets at amortized cost)	- (1,609,154)	- (1,609,154)	- 736,703	- 736,703
(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	- (4,647,135)	- (4,647,135)	- (216,458)	- (216,458)
10) LOANS AND ADVANCES						in EUR
AOP 023 Central banks	Stage 1 -	31.12.2023. Stage 2 -	Stage 3 -	Stage 1 240,700	31.03.2024. Stage 2 -	Stage 3 -
Mandatory reserve Allowance	- -	- -	- -	- -	- -	- -
Other receivables Allowance	- -	- -	- -	240,700 -	- -	- -
Government Gross loans Allowance	448,859,075 450,089,885 (1,230,810)	1,773,946 1,805,576 (31,630)	2,846,111 2,916,570 (70,459)	440,353,906 441,514,281 (1,160,375)	1,110,136 1,130,712 (20,577)	2,820,388 2,890,737 (70,349)
Credit institutuions Gross loans	1,564,563 16,432	- -	168 172	2,397,558 276,327	- -	- -
Allowance Deposits	(0) 1,551,167	- -	(4) -	(2) 2,125,154	- -	- -
Allowance Other financial institutions Gross loans	(3,035) 37,699,866 35,792,179	- 6,402 11,336	- 527 132,772	(3,920) 35,970,797 34,007,986	- 10,798 11,017	- 525 136,359
Allowance Deposits	(197,893) 2,157,717	(4,934) -	(132,245) -	(189,318) 2,205,420	(219) -	(135,835) -
Allowance Non - financial institutions	(52,138) 652,151,087	- 186,276,332	- 36,332,874	(53,291) 644,367,674	- 167,285,064	- 27,066,860
Gross loans Allowance Retail	661,450,783 (9,299,697) 1,273,097,668	195,925,509 (9,649,177) 255,463,828	98,793,546 (62,460,672) 34,225,225	653,212,257 (8,844,583) 1,282,282,533	175,200,936 (7,915,872) 243,843,340	87,041,283 (59,974,424) 31,963,812
Gross loans Allowance	1,279,022,452 (5,924,784)	277,544,147 (22,080,319)	167,697,343 (133,472,118)	1,288,000,762 (5,718,229)	265,494,536 (21,651,196)	170,100,909 (138,137,096)
Total	2,413,372,259	443,520,509	73,404,905	2,405,613,168	412,249,337	61,851,585
11) NON-TRADING FINANCIAL ASSETS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS AOP 013 Central banks	31.12.2023. - -	31.03.2024. -				in EUR
Local state Credit institutions	- -	- -
Other financial institutions Non - financial institutions	- -	- -
Retail Total	490,500 490,500	505,795 505,795
12) DEPOSITS AOP 044	31.12.2023.	31.03.2024.				in EUR
Central banks Local state	73,698,625 1,850,606,910	73,744,756 1,539,008,603
Credit institutions Other financial institutions	119,203,207 317,689,710	138,375,429 335,421,741
Non - financial institutions Retail Total	897,267,392 3,138,752,794 6,397,218,638	762,699,497 3,241,989,322 6,091,239,347