CrediaBank (CREDIA) H2 2025 earnings summary

Executive summary

• Achieved record recurring pre-provision income of EUR 82.5 million in 2025, up 88% year-on-year, driven by merger synergies, robust core revenue growth, and surpassing targets for loans, deposits, net interest income, and pre-provision profit.

• Transformation initiatives, including rebranding, operational integration, and digital platform launches, accelerated in H2 2025, enhancing operational efficiency.

• Completed first international bond issuances (AT1 and Tier 2), both oversubscribed, and announced acquisition of 70% of HSBC Malta, pending regulatory approval.

• Entered exclusive talks for a 70% stake in Pantelakis Securities to diversify fee income.

• Outpaced market growth in loans and deposits, increasing market share and becoming the 5th largest banking pillar in Greece.

Financial highlights

• Recurring pre-provision income surged 88% year-on-year to EUR 82.5 million; core PPI (excluding non-core income) up 126%.

• Net interest income rose 58% year-on-year to EUR 168.3 million and 14% quarter-on-quarter, reaching an all-time high.

• Fee income nearly doubled year-on-year, now 16% of recurring revenues (up from 13%).

• Recurring profit before tax jumped 93% year-on-year to EUR 67.8 million; reported earnings before tax EUR 64.1 million, reversing a EUR 368 million loss in 2024.

• Group deposits up 11% year-on-year to EUR 6.8 billion; assets under management up 10% to EUR 832 million.

• Loan book grew 36% year-on-year to EUR 4.5 billion, with new disbursements up 47% to EUR 3.4 billion.

• NPE ratio stable at 2.9%; NPE coverage above 48%.

Outlook and guidance

• No formal 2026 guidance provided; more details to be shared at upcoming Capital Markets Day.

• Strategic priorities: continued growth in Greece, seamless integration of HSBC Malta, digital transformation, value creation via M&A, efficiency gains, balance sheet optimization, and capital markets presence.

• Malta acquisition expected to close Q1 2027, with integration and synergies to follow.

• Digital transformation program underway, with first product deliveries expected in Q3 2027.

• Focus on operational excellence, digital transformation, and sustainable growth for FY2026.