Q4 2025 Artea bankas AB Earnings Call Transcript
Key Points
- Artea Bankas AB (STU:ZH5) achieved a net profit of €60.7 million in 2025, close to their internal budget despite challenges.
- The bank's adjusted return on equity stood at 12.4%, with a strong CET1 ratio of 16.6%, indicating a solid capital base.
- Net fee and commission income grew by approximately 6%, driven by asset management and capital markets activities.
- The bank completed its rebranding and is progressing well with its core banking program, expecting completion in the second half of 2026.
- Artea Bankas AB announced a record high distribution to shareholders, with a 70% payout from 2025 profits, including dividends and buybacks.
- The net profit of €60.7 million was 7% below the target set at the beginning of 2025.
- Loan book growth was lower than expected, with an 8% increase, while deposits grew by 17%, indicating a need to balance the loan-to-deposit ratio.
- The bank faced substantial one-off costs due to core banking activities and rebranding, impacting overall expenses.
- Operating expenses increased year-on-year due to strategic initiatives, with a cost-to-income ratio elevated above desired levels.
- The net interest margin declined to 2.5% in Q4, influenced by market funding and lower yields from securities and government bonds.
Good morning, everyone and welcome to Artea Bank Investor Webinar. Thank you for joining us today and thank you for your continued interest in Artea Bank as we close out another transformational year for our company.
Today's call will be led by our Chief Executive Officer Vytautas Sinius and our Chief Financial Officer Tomas Varenbergas. My name is Total Deses Muertos, and I will be moderating the Q&A session after the presentation and with that, I would like to hand it over to Vytautas to kick us off with some key financial and strategic highlights that showcase our incredibly strong performance in 2025. Over to Vytautas.
Thank you to us and, hello everyone, the investors. Thank you for your, interest to their group, results for the fourth quarter and also summarizing the whole 2025. So let's kick off with key findings and, strategic highlights. So, on the right-hand side, you see the major figures, from the last year
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