Credit Agricole Ukraine Results for the First Half of 2026

Credit Agricole Ukraine continued to operate amid the challenges of the ongoing war and heightened global volatility. Despite these pressures, the Bank remains committed to supporting its clients and investing in Ukraine’s recovery. The strengthening resilience of the Ukrainian economy supported by business efforts, banking sector and robust regulation, has helped maintain financial stability and confidence despite persistent risks.

Macroeconomic landscape

Ukraine’s macroeconomic outlook remains mixed, with headline inflation moderating but underlying price pressures persisting. Inflation eased to 7.2% YoY in June (from 8.2% in May), while core inflation accelerated to 8.1%, reflecting continued pressure from higher labor and utility costs. In response to growing inflationary risks, the National Bank of Ukraine raised its key policy rate to 15.5% in July 2026 and signaled its readiness to tighten monetary policy further if needed to anchor inflation expectations and maintain financial stability. Inflation is now expected to accelerate to around 10% by the end of 2026 before gradually returning toward the NBU’s target over the medium term. Economic momentum remains subdued, with GDP growth projected at around 1.8% in 2026 amid elevated logistics costs and continued disruptions to trade routes. Meanwhile, international reserves are expected to remain robust, supported by external financing and estimated at nearly USD 70 billion by year-end.

Business development

We continue to develop our core business lines, focusing on our priority directions:

In the Automotive business, in H1 2026 Credit Agricole Ukraine reinforced its leadership position in Car financing, making almost UAH 3 billion of new loans in the first half of 2026, up 64% vs previous period in 2025, maintaining Top 2 market ranking and increasing its market share to 27%

Leasing business continued to grow, doubling in size since the launch of FCY lending in 2025, and enabling the Bank to offer a comprehensive range of automotive financing solutions to both retail and corporate clients

In Q2 2026 the Bank enhanced its digital offer introducing referral program in the CA+ (“Refer a Friend”), expanding online credit and deposit solutions

The bank continues to build up its cash loan portfolio, doubling the new loans production compared to 1H of 2025. As well as Credit card portfolio grew by 44% over June 2025, supported by digital offer in CA+ app

Factoring proposal to corporate clients was re-launched in end of Q2 2026 expanding the products range and support to the clients, particularly engaged in Agri-Argo value chain

Portfolios and solid regulatory positions

Year-to-date, the total loan portfolio slightly grew +5%, supported by growth in the private individuals segment (+24%) and the SME business segment (+23%).

The Bank’s total deposit portfolio continues to grow showing +14% compared to December 2025, supported by all business segments, confirming the high level of reliability and services quality recognized in the market

• At the end of the second quarter of 2026, the bank has a strong capital position with CET1/Tier 1 ratios at 23.3% and the solvency ratio of 23.4%, significantly exceeding regulatory minimums. Liquidity remains at a high level, both in hryvnia and in foreign currency (LCR at 559% and NSFR at 264% versus the 100% regulatory requirement)

Rewards and results recognition 

Credit Agricole Ukraine was recognized among the TOP 10 largest private investors in Ukraine during the war, ranking in the Banks & Investment Companies category of the New Voice research (NV magazine)

Ranked among the TOP 3 most reliable banks in Ukraine in the TOP 25 Reliable Banks of Ukraine 2026 study conducted by Focus magazine

Named No. 1 bank for business term deposits in Ukraine based on Q1 2026 results, according to Forbes Ukraine

Secured 1st place in the Bank Deposit Reliability Rating for Q1 2026, confirming its strong liquidity and financial resilience, according to Standard-Rating

Awarded 3rd place in the “Charity of Foreign Business” category at the national competition Charitable Ukraine-2025, recognizing the Bank’s contribution to social and humanitarian initiatives

Human Capital and Social Responsibility

Despite the challenges of wartime and economic instability, Crédit Agricole continues to invest in the well-being of its employees, the development of human capital, and support for Ukrainian society.

The bank’s consistent efforts in the areas of human capital development, corporate training, and social responsibility have received widespread professional recognition. In the first half of 2026, Crédit Agricole Ukraine was named “Best Employer” and won the “Best In-House Training Program” award, and HR Director Inna Mokrovolska was named one of Ukraine’s Top 20 HR Directors (according to the business portal Delo.ua, July 8, 2026).

In 2026, the We Care! corporate social responsibility program celebrates its tenth anniversary. As part of the program, the next phase of support for the Kyiv Regional Perinatal Center has been implemented: thanks to funding from the regional bank Crédit Agricole Nord de France and in partnership with the “Tvoia Opora” Charitable Foundation, the facility received an uninterruptible power supply (UPS) battery system worth nearly 800,000 UAH. The total amount of aid provided to the perinatal center has already exceeded 50 million UAH.

Also, at the beginning of this summer, thanks to funding provided by the Credit Agricole Group Foundation and in partnership with the “Children of Heroes” Foundation, children’s camps with a total cost of 4 million hryvnias were organized.  This enabled 220 children—one or both of whose parents were killed in the war—to not only enjoy a vacation in the picturesque Carpathian Mountains but also receive psychological and emotional support and rehabilitation from professional psychologists and educators.

Financial Performance

The financial results for the first half of 2026 reflect growing revenue generation driven by commercial activity and cautious cost management:

Net Banking Income reached UAH 4.9 billion, up 13% vs last year, thanks to commercial and sovereign portfolios growth

Operating expenses reached UAH 1.7 billion (+16% YoY), driven by labor costs, IT and IT security, renovations and utilities expenses

Gross Operating Income stood at UAH 3.2 billion (+11% YoY), maintaining operational efficiency on high level with Cost-to-Income ratio 35%

Cost of Risk amounted to UAH -130 million, reflecting both the growth in the loan portfolio and a prudent approach to provisioning for government bonds

The Bank recorded Net Result of UAH 1.5 billion, evidencing the improvement in commercial dynamics

* 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.