CrediaBank CEO: 2025 is ‘a year of transformation and new beginnings’

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.”