Introduction to Artea Bank's Financial Performance
Artea Bank, previously known as Šiauli? Bankas, leads the financial sector with strong results for the first half of 2025. The bank has adopted its new name to better align with its evolving business strategy and aspirations to become the premier banking institution in Lithuania by the year 2029. The bank’s new ticker on the Nasdaq Baltic Stock Exchange is ROE1L.
Performance Overview
The bank achieved a net profit of €31.9 million in the first half of this year, reflecting a decline of 26% compared to the same period last year. Despite this decrease, the bank showed resilience with a solid operating profit before impairment and income tax, amounting to €42.9 million. The slight reductions in profit can be attributed to the impact of European Central Bank (ECB) monetary policies influencing interest income. Nevertheless, the bank’s focus on increasing fee and commission income, which grew by 10% to exceed €15.1 million, has helped maintain overall stability.
Loan Portfolio and Client Financing
In an encouraging move, Artea Bank expanded its loan portfolio to €3.7 billion, marking a 15% increase over the year. This surge is complemented by new loan agreements totaling €0.9 million, highlighting an 18% rise from the previous year. The management is particularly proud of sustaining high quality in the loan portfolio, where provisions remain consistent at €4.3 million as compared to last year.
Growth in Deposits and Financial Position
As of mid-2025, customer deposits grew by 4% to exceed €3.5 billion, with demand deposits seeing a remarkable increase of 14%. This uptick in deposits, combined with prudent management, solidified the bank's capital and liquidity positions, as well as its compliance with prudential ratios.
CEO Statement on Business Growth
Vytautas Sinius, CEO of Artea Bank, remarked on the bank’s performance, emphasizing its commitment to increasing financing volumes for both business and retail clients. Sinius highlighted that despite external economic pressures, the bank will continue to emphasize effective cost management moving forward.
Corporate Client Segment
In the corporate client segment, there was an impressive 18% increase in new business financing agreements, reaching €0.5 billion in the first half of 2025. The business loan portfolio also grew by 7%, reflecting strong demand for financing solutions.
Private and Investment Client Segments
Artea Bank experienced noteworthy growth in its private client segment as well, with new mortgages up by an impressive 69%. The bank’s investment client solutions continued to excel, as evidenced by its role as a leader in the bond issue market, facilitating over €130 million in bonds for corporate clients.
Financial Metrics and Ratios
The bank's performance is further illustrated through key financial metrics. Notably, the net interest margin experienced a decline to 2.9%, while the cost-to-income ratio rose to 57.1%, indicating the bank's focus on managing operational efficiency amidst a challenging environment.
Invitation to Shareholders
As part of its commitment to transparency and shareholder engagement, Artea Bank is set to host a webinar to present its financial results and operational highlights. This event will provide investors and analysts with additional insights and future expectations, reaffirming Artea's strategic goals moving into the next phase of expansion. Shareholders are encouraged to participate and stay updated on developments in the bank.
Contact Information
For further information regarding Artea Bank, investors can reach out to Tomas Varenbergas, Head of Investment Management Division, at tomas.varenbergas@artea.lt or contact him via phone at +370 610 44447.
Frequently Asked Questions
What is the new name of Šiauli? Bankas?
The new name is Artea Bank.
How much profit did Artea Bank earn in the first half of 2025?
Artea Bank earned a net profit of €31.9 million in the first half of 2025.
What is the ticker symbol for Artea Bank?
The ticker symbol is ROE1L on the Nasdaq Baltic Stock Exchange.
What percentage did the loan portfolio increase in 2025?
The loan portfolio increased by 15% over the year, reaching €3.7 billion.
Who can be contacted for more information about the bank?
Tomas Varenbergas can be contacted via email at tomas.varenbergas@artea.lt or at +370 610 44447.
