Slovenská sporiteľňa confirmed its strong performance in the third quarter of 2025, with operating profit growing by 12.8%
„This year is exceptional for us not only because we are celebrating 200 years of our clients’ trust, but also due to strong economic results. The appetite of individuals and businesses for loans increased thanks to lower interest rates even during the summer, which resulted in a record volume of loans exceeding 20 billion euros and a significant growth in operating profit. Together with stable deposit growth, this reflects the trust of our clients, for which we are sincerely grateful. We are ready to be their reliable financial partner not only today, but also for the next 200 years,“ says Andrea Blažová, Chief Financial Officer of Slovenská sporiteľňa.
Financial highlights as of 30 September 2025 (y/y comparison)
(Consolidated unaudited business results of Slovenská sporiteľňa as of 30 September 2025 according to International Financial Reporting Standards (IFRS)).
- Net interest income went up by 13.1% from EUR 419.0 mil. to EUR 473.7 mil.
- Net fee and commission income increased by 6.1% from EUR 171.7 mil. to EUR 182.1 mil.
- Operating profit went up by 12.8% from EUR 350.7 mil. to EUR 395.6 mil.
- Net profit after tax reached EUR 232.3 mil. (2024: EUR 198.5 mil.)
- Volume of loans and advances to customers grew by 8.1% from EUR 18.6 billion to EUR 20.1 billion
- Deposits from customers increased by 5.1% from EUR 18.2 billion to EUR 19.1 billion
- Cost income ratio went down from 42.4% and reached 41.2%
- Capital adequacy reached 20.94% and considerably exceeds the limit stipulated by law (according to ECB/NBS, Basel III and IRB approach)
- Loans to deposits ratio went up from 102.5% to 105.4%
Business performance overview of Slovenská sporiteľňa as of 30 September 2025
Net interest income went up by 13.1% y/y from EUR 419.0 million to EUR 473.7 million. The increase of net interest income was primarily driven by the growing loan portfolio, mainly housing loans in the retail segment, despite a decline in interest rates. Effective management and structure of passive products also successfully contributed to this result.
Net fee and commission income increased by 6.1% y/y from EUR 171.7 million to EUR 182.1 million. This growth was mainly driven by income from insurance commissions, income related to investments in mutual funds, and fees from securities brokerage.
The bank recorded a net trading profit of EUR 16.1 million (it was EUR 14.2 million in 2024) which is mainly attributable to derivative transactions.
Operating expenses went up by 7.4% y/y to EUR 277.3 million (in 2024 it was EUR 258.1 million). Personal expenses increased by 6.9% y/y mainly because of wage growth caused by inflation and payment of bonuses to employees related to the Bank’s 200th anniversary. Other administrative expenses grew by 9.5% mainly because of higher investments into digitalisation and modernisation to improve customer experience even further.
Operating profit went up by EUR 44.9 million, accounting for an increase of 12.8% y/y. Cost income ratio decreased considerably from 42.4% to 41.2% compared with last year.
The bank recorded a net impairment loss from financial instruments in the amount of EUR 50.5 million in 2025, compared to a loss of EUR 22.5 million in 2024. The share of non-performing loans on total loan volume went up from 1.9% to 2.1% y/y, while their coverage with provisions decreased from 100% to 89.9%.
The volume of loans products to customers (including loans, leasing and factoring) increased by 8.2% y/y and achieved EUR 20.7 billion. Retail loans grew by 8.9% (EUR 1.1 billion) y/y. Housing loans grew by 9.7% (EUR 1.1 billion in absolute terms) y/y and consumer loans went up by 3.9% (EUR 70 million) y/y. Slovenská sporiteľňa again confirmed its position as market leader in retail loans; its market share reached 24.8% at the end of June 2025.
Loans to corporate clients (including factoring and leasing products) increased by 6.7% y/y (by EUR 500 million) and reached EUR 7.2 billion.
Deposits from customers rose from EUR 18.2 billion to EUR 19.1 billion compared with the year 2024.
Current ratings of Slovenská sporiteľňa (as of 30 September 2025)
Slovenská sporiteľňa – Contact for media:
Marta Cesnaková; tel.: +421 2 48 62 43 60; cesnakova.marta@slsp.sk
Erste Group – Public Relations:
Margarita Thiel; tel,: +43 501 00 613 425; margarita.thiel@erstegroup.com
Erste Group – Investor Relations:
Thomas Sommerauer; tel.: +43 501 00 17 326; thomas.sommerauer@erstegroup.com