ForteBank publishes interim financial statements for the first quarter of 2025. Despite persisting macroeconomic pressures, the Bank demonstrates solid income growth, increase in assets and strong profitability Financial results: stable dynamic • Net profit amounted to KZT 45,885 billion, up 33% compared to the same period of the last year (1Q 2024: KZT 34,571 billion). The profit increase was driven by interest income growth and effective operating costs management. • Net interest income increased by 23% and amounted to KZT 71,759 billion (1Q 2024: KZT 58,240 billion), which was attributable to the growth of the loan portfolio and investment securities income. • Net profit from the foreign currency transactions doubled to KZT 14,620 billion supported by heightened market volatility and positive revaluation of the foreign exchange positions. • Net fee income amounted to KZT 4,5 billion, remaining broadly in line with the previous year. Operating costs and taxes • General and administrative expenses amounted to KZT 22,8 billion, consistent with the same period last year period (KZT 21,9 billion). • Corporate income tax expense totaled to KZT 5,0 billion. Assets and capitalization growth • Total assets have grown by 9,5% and reached KZT 4,48 trillion (as of 31 December 2024: KZT 4,09 trillion), reflecting increases in both the loan book and securities holdings. • Loan portfolio rose by 15,9% to KZT 2,11 trillion driven by strong growth in corporate lending and car loans. • Customer deposits and current accounts amounted to KZT 2,95 trillion, ensuring a stable liquidity position. • The total capital amounted to KZT 546 billion. Macroeconomic Environment and risk management • In light of continued annual inflation around 10% and the National Bank's base rate increase to 16.5%, the Bank has adjusted its asset and liability management strategies accordingly. • The Group updated its key macroeconomic assumptions used in the calculation of expected credit losses. As a result, the allowance for expected credit losses was reduced by KZT 271 million. • The ECL provision for loans to customers stood at KZT 95.4 billion as of 31 March 2025, reflecting the Bank’s continuing conservative approach to the credit risks assessment. Loan portfolio: retail segment expansion • Retail lending share has increased to KZT 934 billion (1Q 2024: KZT 739 billion), supported by an active car loan program. • Key sectors in the corporate portfolio include metallurgy (KZT 269 billion), SME related services (KZT 151 billion), trade and transport. Conclusion ForteBank demonstrates stability and in a high base rate and volatile environment. Bank’s liquidity strength, balanced growth in both retail and corporate lending, and improvements in operational efficiency provide a solid foundation for sustainable development throughout 2025.