Q3 2025 Artea bankas AB Earnings Call Transcript
Key Points
- Artea Bankas AB (STU:ZH5) reported a net profit of EUR 48 million for the first nine months, with an adjusted net profit of over EUR 56 million.
- Net interest income grew by 6% quarter on quarter, supported by stable credit portfolio dynamics.
- Net fee and commission income increased by 8% year on year, driven by strong performance in renovation financing and asset management.
- Successful issuance of EUR 300 million senior bonds, diversifying funding structure with strong investor demand.
- Moody's reaffirmed the bank's rating with a stable outlook, highlighting strong performance in capital and liquidity.
- The bank is operating in a low-rate environment, which continues to pressure the topline.
- Cost optimization remains a priority due to lower top-line growth and increased funding costs.
- The Lithuanian economy is expected to slow down in the second half of the year due to weaker external drivers and manufacturing performance.
- Non-recurring expenses related to rebranding and technological upgrades remain high, impacting operating expenses.
- The bank faces increased competition in the corporate loan segment, affecting loan book growth.
Good morning, dear investors. I'm very grateful for your time and interest to the group, meeting and webinar, and today we'll be happy to present our 9 months, financial and other, results and, e-developments. So, let's get started.
So key financial and strategic highlights, we can start with, net profit generated, so EUR48 million net profit for nine months. If we count adjust it to some one-offs that we are counting during those years, the result will stand at the level of slightly more than EUR56 million. Return on equity 11.1% and 13% respectively. And other parameters you also see in the slides, so I will run through the key highlights just to emphasize the most important elements of financial and other developments.
So net interest income, grew by 6% quarter on quarter, so rebound from the previous quarter and it was supported by the stable name. Overall credit portfolio dynamics looks good in all sectors, so the economic situation is positive, so we have pretty good development in the
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