Full Year 2024 Addiko Bank AG Earnings Call Transcript

Mar 6, 2025 / 01:00 PM GMT

Release Date Price: $18.68

Transcript

Key Points

Positve

Net profit for 2024 increased by 10% to €45.4 million, demonstrating strong financial performance.
Operating results improved by 8% year on year to €112.3 million, driven by continued momentum in earnings.
Active customer base increased by 4%, indicating growth in consumer business beyond initial expectations.
Net interest income rose by 6.5% year on year, despite higher funding costs.
Strong capital position with a 22% fully loaded CET1 ratio, providing a substantial buffer for growth.

Negative

Shareholder situation led to additional costs and distraction, impacting overall operations.
Dividend for 2024 was suspended following ECB's recommendation, affecting shareholder returns.
SME business segment faced challenges with muted demand and market difficulties.
Higher tax rates and regulatory changes in Slovenia impacted financial results.
Increased competition and shrinking market demand in SME segments, particularly in Serbia, posed challenges.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ADKO.VI - Addiko Bank AG
Full Year 2024 Addiko Bank AG Earnings Call
Mar 06, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon ladies and gentlemen.

Let me welcome you to the presentation of the results of the business year 2024 of Adio Bank on behalf of my colleagues Ganesh, Dade, Edgar, and Konstantin.

We have prepared the following agenda for you.

I will start with the executive summary and the key topics concerning 2024.

After that, I will pass on to Ganesh who will update you on our achievements on the business side.

The second chapter, ETA will provide you with the insights on our financial performance and that they will inform you about the results in the risk area.

At the end, I will present to you the outlook on 2025 and the guidance 2026 before I do the final wrap up.

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