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Investor relations

Full highlights

Group, EUR millions

  2025 2024 2023 2022
Net interest income 177.2 192.5 187.9 119.4
Net fee and commission income 37.0 36.3 37.8 37.8
Net financial and other income 7.3 6.0 8.2 5.4
Operating income 221.5 234.8 233.9 162.6
Operating expense (108.9) (113.6) (104.5) (73.5)
Net credit losses and impairments (4.5) 0.6 4.5 (23.8)
Net profit from continuous operations (after tax) 84.7 94.5 110.4 45.2
Return on average assets (ROA) 1.6% 1.9% 2.2% 0.9%
Return on average equity (ROE) 14.6% 17.5% 23.6% 11.1%
Cost to income ratio (CIR) 49.2% 48.4% 44.7% 56.3%
Cost of risk ratio (COR) 0.1% (0.0%) (0.2%) (0.8%)

 

Group, EUR millions

  31 Dec 2025 31 Dec 2024 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Total assets 5,425 5,137 4,863 5,405 5,055 4,597
Loans 3,764 3,275 2,862 2,966 2,702 1,541
Deposits 4,304 4,023 3,830 4,026 3,814 3,671
Shareholders' equity 597 563 515 420 397 344
Loan-to-deposit ratio 87% 81% 75% 74% 73% 42%

 

Key figures and events of the Group

  • Citadele delivered a solid financial performance in 2025, with operating income reaching EUR 221.5 million, of which EUR 54.5 million was generated in Q4 2025. Return on equity stood at 14.6%, while the cost-to-income ratio (CIR) was 49.2%, compared to 48.4% in 2024.
  • In 2025, the loan portfolio increased by 15% since the end of 2024, reaching EUR 3.76 billion as of 31 December 2025. EUR 1.59 billion was issued in new financing to support Baltic private, SME, and corporate customers.
  • The overall credit quality of the loan portfolio remained strong. The Stage 3 loans gross ratio decreased to 1.7% as of 31 December 2025, compared to 2.3% as of 31 December 2024.
  • Citadele's deposit base totalled EUR 4.30 billion as of 31 December 2025, reflecting a 7% increase since year-end 2024.
  • Citadele’s active customer base grew by 3% year-over-year, reaching 412.4 thousand as of 31 December 2025. The number of active mobile app users rose to 286 thousand, reflecting a 6% year-over-year increase.
  • Citadele continues to operate with strong capital and liquidity ratios. The Group’s CAR was 22.3%, CET1 was 18.2%, and the LCR was 181% as of 31 December 2025. 
  • As of 31 December 2025, Citadele had 1,288 employees (1,321 as of 31 December 2024).