Greece · Delayed Price · Currency is EUR CrediaBank Earnings Call Transcripts
Fiscal Year 2026
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Record growth in loans, deposits, and profitability in Q1 2026, with strong capital from a €300M share issue. Strategic acquisitions and digital transformation are on track, while asset quality and capital ratios reached new highs.
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The group is set to double in size with the Malta acquisition, targeting strong growth in both Greece and Malta through digital transformation, SME focus, and synergy realization. Financial guidance includes mid-teen annual growth, NIM rising to 3%, and ROATE above 18% long-term.
Fiscal Year 2025
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Record growth in 2025 with recurring pre-provision income up 88% and loan book up 36% year-on-year. Strategic moves include the HSBC Malta acquisition, digital transformation, and cost synergies, with CET1 at 11% and cost-to-income at a record low.
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Record profitability and strong growth in net interest and fee income, with loan and deposit expansion outpacing the market. Integration, digital transformation, and Malta acquisition are key priorities, while capital and asset quality remain robust.
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Record recurring pre-provision profit and strong net interest income growth marked H1 2025, with loan and deposit expansion outpacing the market. Operational merger and IT integration completed ahead of schedule, and CET1 ratio is expected to recover to ~11% by year-end.
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A 70.03% stake in HSBC Malta will be acquired for €200 million, doubling group scale and expanding into a high-growth market. The deal is capital neutral, expected to close by Q4 2026, and will drive significant profit and operational synergies.
Fiscal Year 2024
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A major merger created Greece's fifth largest bank, achieving a rapid NPE cleanup, strong recapitalization, and a return to profitability. Recurring PPI tripled year-on-year, with robust deposit and AUM growth, while integration and cost synergies are expected to drive further gains.