CrediaBank has posted the strongest nine-month result in its history, recording €87.3 million in recurring pre-provision profit and more than €1.5 billion in net credit expansion over the first nine months of 2026, already clearing the annual targets it had set for the full year.
Loan disbursements reached a record €3.5 billion, up 44% year on year. The third quarter alone accounted for €1.46 billion of that, an increase of 78% on the same period last year. Recurring pre-provision profit of €87.3 million rose 56% to a fresh high, while recurring net profit of €49.5 million also climbed 56%. Reported net profit came in at €37.4 million, up 278% year on year.
Net interest income rose 32% to €158.1 million and net fee income rose 34% to €35.1 million. The cost-to-recurring-income ratio fell to 57.2% from 65.8% a year earlier, despite inflationary pressure and higher transformation costs. Group deposits reached almost €8.8 billion, up 16% on the previous quarter, which the bank said was almost double the 9% growth of the rest of the sector. The non-performing exposures ratio stood at 2.4%. On an adjusted basis that factors in the Europe Holdings transaction, the CET1 ratio was 15.5% and the total capital adequacy ratio 20.1%.
Chief executive Eleni Vrettou said the nine-month results were the best in CrediaBank’s history, with the bank having already exceeded key targets set for the whole of 2026, net credit expansion surpassing €1.5 billion and recurring net profits rising by 56%. She said the completed merger with Europe Holdings, the deal to acquire Pantelakis Securities and the pending purchase of HSBC Malta significantly widen the group’s capabilities.
The Europe Holdings merger strengthens the group’s presence in insurance and broadens its income sources, while the acquisition of 70% of Pantelakis Securities builds up its capital markets and investment services. Fitch Ratings gave CrediaBank its first credit rating, a long-term BB with positive outlook and BB+ on long-term deposits, one notch below investment grade. The bank also completed the first direct transfer of a re-performing mortgage portfolio to a bank in Greece under the Hercules scheme, returning more than 800 borrowers to the banking system as CrediaBank customers. HSBC Malta reported adjusted pre-tax profit of €80 million for the first nine months of 2026 and once that acquisition completes, subject to regulatory approvals, CrediaBank’s total assets are expected to exceed €18 billion.
