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Investor relations

Full highlights

Quarterly performance highlights, EURm

  Q1`26 Q4`25 Q3`25 Q2`25 Q1`25
Net interest income 43.3 44.2 43.8 44.6 44.6
Net fee and commission income 8.7 8.7 9.9 9.7 8.7
Net financial and other income 0.2 1.5 1.9 3.7 0.2
Operating income 52.1 54.5 55.6 58.0 53.4
Operating expense (26.9) (29.3) (27.2) (26.8) (25.6)
Net credit losses and impairments (2.4) 2.7 (2.7) (3.9) (0.6)
Net profit from continuous operations (after tax) 19.0 20.9 20.8 19.4 20.4
Return on average assets (ROA) 1.4% 1.6% 1.6% 1.8% 1.7%
Return on average equity (ROE) 13.1% 14.3% 14.4% 15.3% 15.0%
Cost to income ratio (CIR) 51.6% 53.7% 48.9% 46.3% 47.9%
Cost of risk ratio (COR) 0.3% (0.3%) 0.3% 0.4% 0.1%

Performance highlights, EURm

  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%)

 

Business volumes, EURm

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

 

Key figures and events of the Group

  • Citadele reported solid financial results, with operating income of EUR 52.1 million, net profit of EUR 19.0 million, return on equity of 13.1%, and a cost‑to‑income ratio (CIR) of 51.6%.
  • The Group provided EUR 332 million in new financing. Activity was particularly strong in the private and SME segments, with volumes increasing by 8% and 9% year‑on‑year, respectively. The loan portfolio reached EUR 3.8 billion, reflecting the Group’s role as a trusted financial partner.
  • Customer engagement continued to support the Group’s deposit position, with the deposit base increasing by 11% year‑on‑year to EUR 4.3 billion and remaining broadly stable since year‑end. Liquidity also remained strong, with the liquidity coverage ratio (LCR) at 191%.
  • Citadele maintained a strong capital position, underscoring its financial resilience amid market volatility, with the total capital adequacy ratio (CAR) at 22.4% and the CET1 ratio at 18.4%.
  • The active customer base reached 413.2 thousand; mobile app users grew 5% year-on-year to 286 thousand.