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Investor relations

Full highlights

Quarterly performance highlights, EURm

  Q3`26 Q2`26 Q1`26 Q4`25 Q3`25 Q2`25 Q1`25
Net interest income 49.1 46.2 43.3 44.2 43.8 44.6 44.6
Net fee and commission income 10.0 9.9 8.7 8.7 9.9 9.7 8.7
Net financial and other income 0.8 1.2 0.2 1.5 1.9 3.7 0.2
Operating income 59.8 57.3 52.1 54.5 55.6 58.0 53.4
Operating expense (29.2) (28.1) (26.9) (29.3) (27.2) (26.8) (25.6)
Net credit losses and impairments (1.4) (2.8) (2.4) 2.7 (2.7) (3.9) (0.6)
Net profit from continuous operations (after tax) 23.6 20.8 19.0 20.9 20.8 21.9 20.4
Return on average assets (ROA) 1.7% 1.5% 1.4% 1.6% 1.6% 1.8% 1.7%
Return on average equity (ROE) 16.5% 14.7% 13.1% 14.3% 14.4% 15.3% 15.0%
Cost to income ratio (CIR) 48.8% 49.1% 51.6% 53.7% 48.9% 46.3% 47.9%
Cost of risk ratio (COR) 0.1% 0.3% 0.3% (0.3%) 0.3% 0.4% 0.1%

Performance highlights, EURm

  9M 2026 9M 2025   2025 2024 2023 2022
Net interest income 138.6 132.9   177.2 192.5 187.9 119.4
Net fee and commission income 28.5 28.3   37.0 36.3 37.8 37.8
Net financial and other income 2.1 5.7   7.3 6.0 8.2 5.4
Operating income 169.2 167.0   221.5 234.8 233.9 162.6
Operating expense (84.2) (79.6)   (108.9) (113.6) (104.5) (73.5)
Net credit losses and impairments (6.6) (7.2)   (4.5) 0.6 4.5 (23.8)
Net profit from continuous operations (after tax) 63.4 63.8   84.7 94.5 110.4 45.2
Return on average assets (ROA) 1.5% 1.6%   1.6% 1.9% 2.2% 0.9%
Return on average equity (ROE) 14.3% 14.9%   14.6% 17.5% 23.6% 11.1%
Cost to income ratio (CIR) 49.7% 47.7%   49.2% 48.4% 44.7% 56.3%
Cost of risk ratio (COR) 0.2% 0.3%   0.1% (0.0%) (0.2%) (0.8%)

 

Business volumes, EURm

  30 Sep 2026 31 Dec 2025 31 Dec 2024 31 Dec 2023 31 Dec 2022
Total assets 5,634 5,425 5,137 4,863 5,405
Loans 4,119 3,764 3,275 2,862 2,966
Deposits 4,452 4,304 4,023 3,830 4,026
Shareholders' equity 586 597 563 515 420
Loan-to-deposit ratio 93% 87% 81% 75% 74%

 

Key figures and events of the Group

  • Citadele provided EUR 1.2 billion in new financing during the first nine months of the year, including EUR 446 million in Q3 2026, as customer activity remained strong, particularly among business and private customers.
  • The loan portfolio grew to EUR 4.12 billion, increasing by 12% year-on-year and by 9% since year-end 2025.
  • Credit quality remained sound, supported by customers’ stable financial standing. As of 30 September 2026, the non-performing gross loans ratio was 1.8%.
  • Citadele maintained a strong capital position, enabling continued growth. As of 30 September 2026, the total capital adequacy ratio (CAR) was 20.9%, while the CET1 ratio reached 17.3%.
  • As of 30 September 2026, the deposit base increased by 9% year-on-year to EUR 4.45 billion. The increase reflected an expanding customer base and growing interest in savings products.
  • The Group maintained a sound liquidity position, with the liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) at 168% and 136%, respectively.
  • The active customer base grew to 416.9 thousand, with 88% of customers actively using digital channels, while customer satisfaction reached a record high.