Following the momentum of its 2025 results, CrediaBank achieved new records in loans, deposits, and recurring operating profitability in its domestic market during Q1 2026.
Subject to regulatory approvals, CrediaBank, which is the 5th largest bank in Greece, will be acquiring 70.03% of HSBC Bank Malta plc.
During the first quarter of this year, CrediaBank’s recurring pre-provision profits reached a new all-time high of €24.1 million, marking a 26% year-on-year increase, while recurring profit after tax rose by 17% to €13.0 million.
New loan disbursements, meanwhile, reached €964 million, an increase of 43%, with lending to small and medium-sized enterprises accounting for 35% of total new disbursements, and net credit expansion reached €459 million in Q1 2026, a 97% year-on-year increase.
The bank’s gross loans before provisions stood at €4.9 billion, up 40% growing at five times the pace of the overall banking system’s loan growth.
Deposits exceeded €6.8 billion, recording a 14% annual increase, with a growth rate 2.5 times higher than that of the overall banking system.
CrediaBank’s CET1 ratio, on a pro-forma basis following the share capital increase, stood at 16.6%, while the Total Capital Ratio reached 22.4%.
Its net interest income increased by 28% year-on-year to €46.8 million while net fee and commission income amounted to €11.0 million, marking a 55% increase year-on-year.
The cost-to-recurring-income ratio improved to 60.7% compared with 65.2% in Q1 2025, representing a reduction of 450 basis points.
Non-Performing Exposures declined to €150.2 million from €160.3 million in Q4 2025, with the NPE ratio improving to 2.5%.
In addition to these strong first quarter results, CrediaBank continues to pursue its strategy of growth within the financial sector, acquiring Evropi Holdings S.A. through a share exchange and merger by absorption. The exchange ratio was set at 90.375% and 9.625% for the shareholders of CrediaBank and Evropi Holdings S.A. respectively.
Evropi Holdings S.A. is a highly significant player in the insurance market, combining underwriting and brokerage activities within a diversified business model, and holding a leading position in property insurance. The holding company’s solvency ratio stands at 367%.
This transaction is expected to generate a double-digit return on investment for shareholders as well as improve CrediaBank’s capital adequacy by approximately 140 basis points.
In terms of profitability, the transaction is expected to enhance the Group’s pre-tax profits by €45 million by 2028, while also increasing earnings per share by 8% in the same year.
At the same time, the integration of Evropi Holdings S.A. broadens the product portfolio and creates a comprehensive range of financial products and services. This establishes an integrated bancassurance model in the general insurance sector, generating substantial synergies through complementary products and services between the two organizations.
This is therefore a complementary strategic transaction, expected to increase fee and commission income and revenue per customer, while strengthening the Bank’s existing customer relationships by creating cross-selling opportunities. At the same time, for Evropi Holdings, CrediaBank’s branch network and digital channels will enhance the distribution of insurance products at low marginal cost, supporting improved operational efficiency.
