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Investor relations

Full highlights

Quarterly performance highlights, EURm

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

Performance highlights, EURm

  H1 2026 H1 2025   2025 2024 2023 2022
Net interest income 89.5 89.2   177.2 192.5 187.9 119.4
Net fee and commission income 18.6 18.4   37.0 36.3 37.8 37.8
Net financial and other income 1.4 3.9   7.3 6.0 8.2 5.4
Operating income 109.4   111.5   221.5 234.8 233.9 162.6
Operating expense (55.0) (52.5)   (108.9) (113.6) (104.5) (73.5)
Net credit losses and impairments (5.2) (4.5)   (4.5) 0.6 4.5 (23.8)
Net profit from continuous operations (after tax) 39.8 43.3   84.7 94.5 110.4 45.2
Return on average assets (ROA) 1.5% 1.7%   1.6% 1.9% 2.2% 0.9%
Return on average equity (ROE) 13.7% 15.4%   14.6% 17.5% 23.6% 11.1%
Cost to income ratio (CIR) 50.3% 47.1%   49.2% 48.4% 44.7% 56.3%
Cost of risk ratio (COR) 0.3% 0.3%   0.1% (0.0%) (0.2%) (0.8%)

 

Business volumes, EURm

  30 Jun 2026 31 Mar 2026 31 Dec 2025 31 Dec 2024 31 Dec 2023 31 Dec 2022
Total assets 5,425 5,403 5,425 5,137 4,863 5,405
Loans 3,947 3,800 3,764 3,275 2,862 2,966
Deposits 4,325 4,313 4,304 4,023 3,830 4,026
Shareholders' equity 562 566 597 563 515 420
Loan-to-deposit ratio 91% 88% 87% 81% 75% 74%

 

Key figures and events of the Group

  • Citadele delivered a solid financial performance in H1 2026, generating operating income of EUR 109.4 million and net profit of EUR 39.8 million. Return on equity (ROE) was 13.7%, while the costto-income ratio (CIR) stood at 50.3%.
  • In Q2 2026, Citadele generated EUR 57.3 million in operating income and EUR 20.8 million in net profit. Return on equity (ROE) was 14.7%, while the cost-to-income ratio (CIR) was 49.1%.
  • The net loan portfolio reached EUR 3.9 billion as of 30 June 2026, representing a 5% increase since 31 December 2025.
  • Overall loan portfolio quality remained strong. The Stage 3 loan ratio was 1.9% as of 30 June 2026, compared with 1.7% as of 31 December 2025.
  • Citadele's deposit base totalled EUR 4.3 billion as of 30 June 2026, remaining broadly stable compared with 31 December 2025.
  • The number of active customers reached 415.5 thousand as of 30 June 2026. Citadele continued to maintain strong capital and liquidity positions.
  • As of 30 June 2026, the Group's Common Equity Tier 1 (CET1) ratio was 17.8%, the Capital Adequacy Ratio (CAR) stood at 21.6%, and the Liquidity Coverage Ratio (LCR) was 163%.
  • As of 30 June 2026, the Group had 1,314 full time equivalent active employees (1,281 as of 31 December 2025)