Artea Bank Reports Q2 Net Profit of €31.9 Million, Loan Portfolio at €3.7 Billion.

Šiaulių Bankas is now known as Artea Bank, with a new ticker on the Nasdaq Baltic Stock Exchange: ROE1L. The bank reported a net profit of €31.9 million in the first half of the year, a 10% increase in net fee and commission income to €15.1 million, and a 15% growth in its loan portfolio to €3.7 billion. The bank also completed its second share buyback program, acquiring over 2.5 million own shares. Artea Bank aims to become the best bank in Lithuania by 2029.

Artea Bank, formerly known as Šiaulių Bankas, has reported robust financial performance in the first half of 2025. The bank, now listed on the Nasdaq Baltic Stock Exchange with the ticker ROE1L, reported a net profit of €31.9 million, a 26% decrease from the same period in 2024. However, this decline can be attributed to the bank's focus on cost management and strategic growth initiatives [1].

Notably, Artea Bank's net fee and commission income increased by 10% to €15.1 million, while its loan portfolio grew by 15% to €3.7 billion. The bank also completed its second share buyback program, acquiring over 2.5 million own shares. These initiatives reflect Artea Bank's commitment to enhancing its financial position and market competitiveness [1].

The bank's operating profit before impairment and income tax amounted to €42.9 million, a 25% decrease from the same period in 2024. This decrease was primarily due to lower interest income, which decreased by 15% to €68.4 million. Despite this, the bank's fee and commission income growth has ensured financial stability [1].

Artea Bank's cost/income ratio at the end of the half-year was 57.1%, compared to 45.4% in the first half of 2024. The return on equity was 11.1%, a significant decrease from 16.2% in the first half of 2024. However, the bank's capital and liquidity position remains strong, with prudential ratios being met by a wide margin [1].

The bank's loan portfolio quality remains high, with provisions for loans at €4.3 million and a cost of risk ratio (CoR) of 0.2%. The customer deposit portfolio grew by 4% to €3.5 billion, with demand deposits growing by 14% to €1.8 billion. The bank's investment client segment has also shown strong growth, with the value of investments under custody reaching almost €2 billion at the end of the H1 2025 [1].

Artea Bank's corporate client segment saw an 18% increase in new business financing agreements, with the business loan portfolio growing by 7% to €1.9 billion. The private client segment reported a 69% increase in new mortgages and a 10% growth in the housing loan portfolio. The investment client segment saw a 40% market share in third-pillar pension funds and strong performance in second-pillar pension funds [1].

The bank's net interest margin (NIM) decreased to 2.9% from 3.9%, while the cost-to-income ratio (C/I) increased to 57.1% from 45.4%. The return on equity (RoE) decreased to 11.1% from 16.2%, and the capital adequacy ratio (CAR) increased to 22.2% from 20.0% [1].

Artea Bank invites shareholders, investors, analysts, and all interested parties to a webinar presentation of the financial results and highlights for the Q2 and H1 2025. The webinar will start at 08:30 am (EEST) on July 31, 2025, and will be held in English [1].

References:

[1] https://www.globenewswire.com/news-release/2025/07/30/3124211/0/en/Artea-Bank-Group-s-results-for-the-6M-2025.html