tbi bank reports „record growth” in 2024: number of issued loans exceeded 1 million (+32%), total assets of EUR 1.77 billion (+20%) and net profit reached EUR 50 million (+18%)

In 2024 tbi bank serviced 2.2 million loan applications in Bulgaria, Romania and Greece, 32% more YoY. In this period the bank issued over 1.000.000 loans (32% higher YoY) in the amount of EUR 1.177 billion – 26% more YoY. Moreover, the self-service channels contribute strongly to the business results, as 70% of the loan applications were made digitally.

tbi reports 20% YoY growth in total assets as to the end of December 2024, reaching EUR 1.77 billion. The gross loan portfolio increased to EUR 1.3 billion at the end of December 2024 (25% YoY growth).

Based on such positive business performance, tbi bank’s operating income grew by 27% YoY reaching EUR 258 million, mainly driven by 29% increase in interest income. This allowed operating profit for 2024 to reach EUR 179 million with a record net profit of EUR 50 million for 2024 – 18% higher year-on-year (YOY) based on unaudited consolidated financial results.

„Throughout 2024 tbi onboarded new merchant partners, including new verticals, and is now present in 31.000 merchant partner check-out points on its main markets of operation – Romania, Greece, Bulgaria. With this impressive reach the bank helped more customers finance their desired purchases and kept tbi among the market leaders in all three countries.” – the bank said.

The increase in the bank’s general expenses by 24% YoY to EUR 119 million was mainly driven by the continuous investments in technology and AI solutions to support the development of new products in all three markets of operations and the investments in new business lines.

In addition, tbi bank’s deposit portfolio reached EUR 1.34 billion at the end of December 2024 – well outperforming the market and demonstrating a growth of 20% YoY. The main driver was retail term deposits portfolio.

„At the end of 2024 the bank had a strong and well secured position from both liquidity and capital sides – the liquidity coverage ratio (LCR) being at 541% (much above regulatory minimum of 100% and banking sector’s average). The capital adequacy ratio (CAR) reached 22.3%. tbi bank’s operations are showing improving discipline in terms of cost management and efficiency (46% cost to income ratio vs. 47% in the year before) and are combined with return on loan portfolio at 22.2%, allowing the return on equity to reach 20%.” – the bank explained.