We're reporting strong growth figures for Q1 2025

Our consolidated unaudited financial results for the first quarter of 2025 show a net profit of EUR 14 million, 22% higher than the EUR 11.6 million profit achieved for the same period of last year. 

During this period, we serviced more than 575,000 loan applications (12% growth YoY) and disbursed loans in the amount of EUR 300 million (17% YoY increase) in our core markets of operation – Bulgaria, Romania and Greece. 

We report 18% growth in total assets as of the end of Q1 2025, reaching EUR 1.85 billion. The loan portfolio stands at EUR 1.34 billion (23% growth compared to the end of Q1 2024). Based on such positive business performance, our operating income grew by 25% to EUR 73 million. 

Additionally, our deposit portfolio reached EUR 1.4 billion at the end of March 2025, driven mainly by the digitalization of retail savings and the launch of new products – in March, we introduced deposits in RON to the Bulgarian market, attracting the interest of customers, seeking higher returns. 

At the end of March 2025, we had a strong and well-secured position from both liquidity and capital perspectives – on a consolidated basis, the liquidity coverage ratio (LCR) stood at 657% (well above the banking sector average), and the capital adequacy ratio (CAR) – 21.2%. 

Our operations are showing constant improving discipline in terms of cost management (43% cost-to-income ratio in Q1 2025 compared to 47% in Q1 2024). They are combined with the return on loan portfolio at 21%, allowing the return on equity to reach 20%.