MeDirect has returned to profitability, recording a profit before tax of €2.4 million for the six months ended 30th June 2026 – a sharp reversal from the €3.9 million pre-tax loss posted in the same period a year earlier.

The result lands in the first full reporting period since Banka CREDITAS, part of the privately owned CREDITAS Group, completed its acquisition of MeDirect in September 2025. The bank attributed the turnaround to sustained growth across its core lending, retail and wealth businesses, a nine per cent expansion of the balance sheet to €5.8 billion and a strengthened capital position following further investment by its controlling shareholder.

The balance sheet grew by €481 million over the half, driven by mortgage portfolio growth across Belgium, the Netherlands and Malta, alongside a 40 per cent rise in Maltese corporate lending. Client deposits climbed to €4.4 billion, funding much of that expansion. The registered client base grew around 15 per cent over the year to approximately 184,000, with a growing proportion of those clients holding investment products as the bank’s wealth proposition continues to gain ground.

Client activity hit record levels during the period. Platform logins rose 57 per cent to 6.87 million and clients executed close to 400,000 trades – nearly double the prior period. More than nine in ten logins came through mobile devices, underlining the bank’s mobile-first positioning.

On the technology side, MeDirect rolled out SEPA Direct Debit, corporate debit cards and upgrades to its wealth and investment tools, while reinforcing security and fraud-prevention capabilities. The platform maintained high availability throughout despite the surge in activity. Plans for the second half include mobile-first client onboarding and new connectivity services for corporate clients.

Credit quality across the core portfolios remained strong, with the non-performing loan ratio reduced to 0.5 per cent – completing what the bank described as its balance sheet de-risking programme. Capital and liquidity buffers were maintained above regulatory requirements, further supported by a common equity tier one contribution from the shareholder during the period.

Group Chief Executive Jean-Claude Maher said the result reflected the strength of the bank’s strategy and the momentum building across its business. MeDirect, he added, is well positioned for further growth, backed by a clear strategic direction, a strengthened capital base and an increasingly active client franchise.