Credit Agricole Ukraine – Financial Results for the First Half of 2025

Credit Agricole Ukraine continues to demonstrate stable performance, maintaining commercial portfolio development and keeping high liquidity base - well positioned to support economic recovery in Ukraine.

Macroeconomic and Regulatory Landscape

Despite ongoing war, Ukraine’s economy continues to show signs of resilience and recovery. Real GDP grew by 0.9% YoY in Q1 2025, however is still remains 20% below 2021 levels.

Inflation started its downward trend in June, decelerating to 14.3% YoY, and is projected to reach 9.5% by year-end. The FX market remained broadly stable, supported by the National Bank of Ukraine. International reserves are at high levels, indicating strong support from international partners.

The regulatory and monetary environment remains conservative. The central scenario assumed stabilization of military activity, but the delay in de-escalation impacts the pace of commercial recovery. Nevertheless, systemic liquidity remains robust and the banking system is stable.

Credit Agricole Ukraine: A Systemically Important and Resilient Bank

Credit Agricole Ukraine retains its status of a systemically important bank as confirmed by the National Bank of Ukraine (decision from June 17, 2025). The Bank was also ranked #1 in deposit reliability by Standard-Rating and took the leading position in the MinFin Banking Stability Rating, underlining its capital strength and client trust.

Focus on Business Development

Bank continues its steady development despite the war risks.

In June 2025, Credit Agricole Ukraine signed a new Risk Sharing Facility with IFC worth EUR 100 million to support mid-sized and larger corporates development in key sectors such as agribusiness, manufacturing, energy, logistics, and sustainability. Up to 30% of funding is expected to be directed to energy efficiency and climate-resilient projects.

The Bank expanding cooperation with international financial institutions, with total available facility volume from IFIs reaching EUR 290 million as of July. This strategic cooperation covers up to 50% of new loans, enabling further portfolio growth.

Credit Agricole Ukraine continues to develop the markets of its key activities, in particular, in May Credit Agricole held its first Automotive Day, bringing together all participants in the automotive business ecosystem: importers, dealers, car dealership management, insurance companies and opinion leaders. Representatives of Credit Agricole in Ukraine and the Credit Agricole Group shared their vision of the automotive market development and plans for the future.

Bank shows noticeable commercial results in 1H-2025, for example, in Proximity business:

Client base stabilization and positive dynamics in reactivating previously dormant clients

Online onboarding actively progressed: over 10,000 clients onboarded

Car loans exceptional growth UAH 1.8 billion of new cars financed in 1H 2025 (+33% YoY), respectively, market share increased to 27.9% (vs 22.9% in June 2024), returning the Bank to 2nd place

Cash loans production reached UAH 140 million, supported by marketing campaigns and strong acceleration in Q2

To have a full picture, in Corporate and SME Banking Credit Agricole Ukraine continued to support business clients with tailored solutions and international cooperation:

New investment loans grew +83% QoQ, with 48% of them allocated to agribusiness

Over two-thirds of Agro lending was executed through partnership programs

Leasing activities accelerated with the successful launch of foreign currency leasing in June 2025

Small Farmers lending support program, also launched in June 2025

Сommercial Portfolios continued to grow in 1H-2025:

UAH loan portfolio increased +30% YoY across all segments

UAH deposit base increased +6% YoY, confirming strong client trust and funding stability

Strong Capital and Liquidity Position

As of 30th June 2025 Bank has a strong capital position with CET1/Tier 1 ratios at 21.4% and a solvency ratio of 21.6%, much above the regulatory minimums. Liquidity remains at a high level, both in hryvnia and in foreign currency resulting in LCR at the level of 598% and NSFR at the level of 307% against 100% of the regulatory requirement.

Organizational development and Social Responsibility

Proving many years of efforts in developing social and human pillars, Credit Agricole received an award in the nomination "Leader of Social Support", and the bank's HR Director Olena Urusova was recognized among the best HRDs according to the magazine "TOP-100. Ratings of the largest" and the business portal Delo.ua (02.07.2025).

"Social support for employees is one of the key priorities at Credit Agricole, which gained particular importance during the war. We have a welfare program that includes three main areas: physical safety, financial stability, mental health. We pay special attention to medical insurance, life insurance and assistance to colleagues and their families who suffered from the war," says Olena Urusova, HR Director at Credit Agricole.

As a socially responsible bank, Credit Agricole supports society. For nine years, the bank has been running “We Care!”, a large-scale CSR program. Since the war broke out, Credit Agricole Group, including regional banks and Credit Agricole Ukraine all together donated over UAH 170 million to charity, primarily for purchasing medical equipment for the hospitals. Recently Italian based Agos, a Credit Agricole Group’s consumer finance company, supports the Heart Institute in Ukraine with the amount of 4,86 million hryvnia for purchasing vital medical equipment, including artificial lung ventilation machine and open resuscitation system.

Financial Performance

Net Banking Income amounted to UAH 4.4 billion, down 11% YoY, mainly due to regulatory changes

Operating expenses grew to UAH 1.5 billion (+20% YoY), driven by staff costs and inflationary pressures

Cost-to-Income ratio remains under control at 34.4% (vs 25.6% in H1 2024)

Provisioning remained prudent. Cost of Risk decreased UAH 0.7 billion YoY

Net financial result stood at UAH 2.5 billion, 30% below last year result, explained by regulatory changes, continuing inflation pressure on costs and less provisions release

Annex 1 Summary Income Statement*
(UAH million)

Annex 2
(UAH million)

* Credit Agricole Bank’s Interim Financial Statements are elaborated according to IFRS. Additionally, the detailed quarterly financial statements will be published on the bank's website.