CrediaBank CEO Eleni Vrettou has described 2025 as a pivotal year for the institution, as the Greek lender reported strong results for the first half of the year and outlined its international ambitions, including a move into Malta.
“For CrediaBank, 2025 is a pivotal year, a year of transformation, a year of new beginnings. The first half of 2025 confirms our steady upward trajectory,” Ms Vrettou said.
She added: “These results are not only evidence of healthy growth but also proof that our strategy addresses market needs while justifying the trust placed in us by our shareholders, clients, and partners. With the operational merger in Greece now complete, we are laying the groundwork for the full implementation of our business plan, driving significant upgrades to the customer experience across all channels and activities. The Bank is reintroducing itself with a renewed vision and a strategy that blends agility, international outlook, and a human-centered approach.”
Strong financial performance
The bank reported recurring pre-provision income of €38.9 million for H1 2025, a 124 per cent increase compared to the same period last year. Recurring operating income more than doubled to €111.1 million, while net recurring interest income grew by 97 per cent to €78.5 million.
Growth was supported by net credit expansion of €542 million, a larger bond portfolio, and merger benefits from the combination of Attica Bank and Pancreta Bank that created CrediaBank.
Excluding one-off restructuring charges, recurring pre-tax profit stood at €27.6 million, compared to €1.6 million in H1 2024.
CrediaBank’s performance, combined with identified cost synergies exceeding €14 million, provides what the bank called a “solid foundation for its next growth steps beyond Greece, with Malta as now a priority new market.”
Building better businesses: Why we set out to become Malta’s first Certified B Corporation™
Steves&Co.'s long-held purpose-driven approach now has a global, measurable standard behind it.
‘One minute you’re laughing, the next you’re planning surgery’
iGaming executive Mauro Miceli is taking a sudden fractured elbow as a lesson in resilience.
Simon Alexander Ong to address FPEI Business Breakfast in Malta next December
He is an international author, a globally recognised speaker and coach known for his work on energy management.
Malta’s new family office rules ‘give speed and clarity international families expect’ – Karl Micallef
The changes are widely viewed as a meaningful update to Malta’s private wealth offering.
