Fibank – 2025 Q2 individual results review

Q2 2025 Individual Results

• Fibank’s Q1 2025 unconsolidated net profit increased nearly 169% YoY to EUR 3m. This happened after 9.1% YoY growth in Net Interest Income to EUR 112m and the 4.1% increase in the Net fee and commission income to EUR 41.6m. The major change in Other net operating income (by nearly EUR 45m) helped massively for the end result.
• The main change in Other expenses (net) comes from EUR 23.8mln reevaluation of investment properties. In the Balance Sheet investment properties increased 8% by EUR 25.9mln to EUR 417.7mln since YE 2024. It is possible that the existing properties and those collected as collateral from defaulted loans, have received valuations, which have bumped up the value.
• The GSM on 18.06.2025 decided to award 3 long-standing employees of the Supervisory Board of the bank with EUR 1m each. This fact and the possible reevaluation of the assets serve as a reminder for the rumors for an upcoming sale of the bank.
• Profit before impairment increased by 39.4% YoY to EUR 97.7m. The major reason was the reevaluation above since total income from banking operations increased by 4.8% and Administrative expenses increased by 4.7%.
• The gross sum of overdue loans with delay of over 90 days was EUR 227m, which was a 28.8% decline from its Q2 2024 level of 319mln.
• Gross loans portfolio added 8% to EUR 4.57bn. The greatest contributor were consumer loans, which grew 33% to represent 17.7% of the portfolio. Additionally, corporate banking was also helpful as both large corporates (15.6% growth) and SMEs (17% growth) were able to add comparable amounts. It is unclear if a relaxed lending policy targeting an increased loan portfolio or a customer fear of upcoming interest raises (on a macro level stemming from US Fed policies spilling over to EU) have contributed for the increase.

Full report can be accessed here.