Optima Bank announced today record profits of 69 million euros for the first half of the year, which completes five years of presence in the Greek banking market.

For the first half of 2024, Optima bank records a net profit of 69 million euros, which corresponds to an increase of 57% compared to the corresponding period of 2023 (44.1 million). As a result of increased profits, Return on Tangible Equity (RoTE) stands at 26.7%.

It is also worth noting that the cost to core income ratio decreased to 25.4% in the first half of 2024 from 32.2% in the corresponding half of 2023, among the lowest cost to core income ratios in both Greece as well as in Europe, according to the recently published data.

At the same time, loan disbursements for the first half of 2024 amounted to 1.2 billion euros (an increase of 260 million compared to the corresponding period in 2023) which contributed to the bank’s net loan balances increasing by 1 billion euros reaching 3 billion euros, recording an increase of 50% on an annual basis.

Deposits increased by 936 million euros to 3.7 billion euros (up 34% year-on-year), confirming solid customer confidence.

In addition, the bank’s assets for the first half of 2024 amounted to 4.5 billion euros, an increase of 41% on an annual basis.

With a total capital adequacy ratio of 15.8%, Optima bank proves that it has sufficient capital shielding and is in a strong position to stand by Greek businesses in order to implement their development plans, contributing substantially to the development of the Greek economy .

The president of Optima bank, Mr. Georgios Taniskidis, said: “These five years have been full of challenges and opportunities. Through our hard work, faith and dedication, we have succeeded in creating a bank that our customers trust and love. Today, I feel deeply proud of our progress and I am convinced that everyone in our bank is looking forward to This future, full of appetite and energy to continue to innovate and offer the best services on the market. To continue to be a reference bank for the entire industry.”

The CEO of Optima bank, Dimitris Kyparissis noted on the occasion of the announcement of the financial results and the completion of five years of operation: “This anniversary is a reminder of how much we can achieve when we work with passion and vision. The excellent results of the first semester for 2024 are proof that our strategy is paying off and that we are on the right track. We are committed to continuing to invest in technology, innovation and, most importantly, our people to deliver a banking experience that exceeds our customers’ expectations. The optimum banking experience”.