CrediaBank has reported its strongest nine-month performance in its history, with a sharp rise in profitability, accelerated credit expansion and significant improvements across all core operating lines. The bank’s recurring operating profit reached €58.9 million for the first nine months of 2025 — more than double last year’s figure — driven by strong organic revenue growth and continued gains from its merger with the former Pancreta Bank.

Recurring profit before tax totalled €40.8 million, compared to just €2.2 million in the same period last year, underscoring the scale of the turnaround. Core revenues climbed to €146.8 million, marking a 92% year-on-year increase, while recurring operating income grew 91% to €164.5 million.

Lending activity was a major contributor to this growth. CrediaBank recorded a net credit expansion of €848 million, securing a 15.3% share of total new lending in the market. The bank expects to exceed its full-year target of €1 billion in net credit expansion. New disbursements reached €2.4 billion — the highest nine-month figure in its history — split between large enterprises (53%) and SMEs and individuals (47%).

Net interest income rose 86% to €120.5 million, boosted by the expanding loan book and higher bond portfolio balances. Commission income grew even faster, up 120% year-on-year to €26.3 million, fuelled by increased loan production, more letters of guarantee, stronger fund transfer activity and broader client asset management following the merger.

The bank has also tightened its cost base. Recurring operating expenses amounted to €105.5 million, with quarterly reductions driven by lower staff costs and a 21% decline in general operating expenses. CrediaBank attributed this to branch consolidation, the voluntary exit scheme and operational optimisation efforts.

Asset quality remained stable, with a Non-Performing Exposure (NPE) ratio of 2.9% and minimal inflows of new arrears. Deposits rose 9% since the end of 2024 to €6.7 billion, while assets under management increased 11% to €840 million.

These strong figures come at a pivotal moment for the bank. Earlier this year, CrediaBank signed an agreement with HSBC International to acquire HSBC Malta — a transformational deal that, if approved by regulators, would significantly expand its presence in the Maltese market and reshape the island’s banking landscape. The acquisition is still pending regulatory clearance.

Reflecting on the results, CEO Eleni Vrettou described the nine-month period as a milestone in the bank’s post-merger evolution, highlighting the combination of record performance, expanded market presence and ongoing investment in digital and operational upgrades. She emphasised the bank’s focus on combining technological innovation with a customer-first approach.