CrediaBank, the Greek lender that recently confirmed a deal to acquire HSBC Malta, has announced a strong set of financial results for the first half of 2025, with profits more than doubling compared to last year.

The bank, the fifth largest in Greece, reported recurring pre-provision income of €38.9 million – a 124% year-on-year increase – and recurring operating income of €111.1 million, up 112% from €52.4 million in the same period last year. Net recurring interest income also nearly doubled to €78.5 million, driven by net credit expansion of €542 million, growth in its bond portfolio, and the benefits of its recent merger of Attica Bank and Pancreta Bank.

CEO Eleni Vrettou described 2025 as a “pivotal year” for CrediaBank, highlighting the institution’s transformation and international outlook. “The first half of 2025 confirms our steady upward trajectory. These results are not only evidence of healthy growth but also proof that our strategy addresses market needs while justifying the trust placed in us by our shareholders, clients, and partners,” she said.

The bank’s international expansion plans now place Malta at the forefront, with the acquisition of HSBC Malta seen as a gateway to a broader presence beyond Greece.

CrediaBank also recorded a strong performance across other core metrics. New loan disbursements reached a record-high of €1.6 billion, with around half directed to SMEs and households. Customer deposits rose to €6.6 billion, marking an 8% increase since the end of 2024, while the loan-to-deposit ratio stood at 58.3%. The bank’s capital position remained robust with a Total Capital Adequacy Ratio of 17.3%, well above regulatory requirements. Non-performing exposures dropped sharply to 2.9%, compared to 57.7% in the same period of 2024, placing CrediaBank among the top performers in the Greek banking sector.

CrediaBank said cost synergies from the merger have already been frontloaded, with over €14 million in annual savings identified, largely from branch closures, relocations, and a voluntary exit program. While restructuring charges impacted the bottom line, recurring pre-tax profit stood at €27.6 million, compared to just €1.6 million in the first half of 2024.

The bank now serves around 300,000 customers across Greece through 65 retail branches and five business centers, and says it is positioning itself as a modern institution blending “financial stability with strategic vision and a human-centered approach.”