Optima bank (OPTIMA) Q2 2025 earnings summary

Executive summary

• Net profit for 1H 2025 reached €81.1mn, up 18% year-over-year, with Q2 contributing €42.1mn, an all-time quarterly high.

• Strong commercial momentum with robust growth in loans and deposits, supported by deep client relationships and volume growth across all business lines.

• Launched a new leasing subsidiary and completed a €150mn Tier 2 capital issuance, both supporting strategic growth.

• First-time Moody's rating received (A3/Ba1), three notches above market average, enhancing capital market visibility.

• 1H 2025 results are fully aligned with full-year 2025 guidance, supported by robust operational performance and disciplined financial management.

Financial highlights

• Net interest income for 1H 2025 was €101.2mn, up 11% YoY; net fee income rose 33% YoY to €25.5mn.

• Total revenues reached €140.3mn, up 16% YoY; pre-provision income grew 14% YoY to €108.1mn.

• Cost to core income ratio remained low at 25.5% for 1H 2025.

• NIM stood at 3.43% for 1H 2025, down from 4.36% in 1H 2024 due to lower Euribor.

• Total assets grew 38% YoY to €6.25bn; tangible equity up 21% to €648mn.

Outlook and guidance

• 2025 net profit is estimated to exceed €160mn, with ROTE targeted above 22%.

• Net loan balances expected to grow by €1.0bn and deposits by €1.25bn by year-end 2025.

• Cost to core income ratio to remain below 30%, NPE ratio targeted below 1.5%.

• Two new branches planned for 2025; time deposits expected to comprise ~50% of total.

• Management remains confident in adapting to interest rate normalization and evolving macroeconomic conditions.