Slovenská sporiteľňa continues to deliver strong operating performance in the third quarter of 2026
“After three quarters, we continue to deliver strong performance, building on a successful first half of the year. Revenue growth and improving efficiency are giving us the room to further develop the bank and bring new services to our clients. What matters to us is that our strong financial results are also reflected in how simply and effectively we can help people manage their finances. That is why, in the third quarter, we introduced George AI, another step towards banking that helps people not only make payments, but also better understand their money,” says Michaela Bauer, CEO and Chairwoman of the Board of Directors of Slovenská sporiteľňa.
“Our operating profit increased by almost one fifth year-on-year, driven primarily by significant growth in both net interest income and net income from fees and commissions. We have therefore continued the positive trend from the first half of the year while keeping costs under control. As a result, we can convert a larger share of our revenues into operating profit. We reduced the cost-to-income ratio by more than three percentage points, bringing it below 38 percent. At the same time, we are improving efficiency while continuing to invest in the modernisation of the bank and its digital services,” says Slavomír Seemann, Chief Financial Officer and Member of the Board of Directors of Slovenská sporiteľňa.
Financial highlights as of 30 September 2026 (y/y comparison)
(Consolidated unaudited business results of Slovenská sporiteľňa as of 30 September 2026 according to International Financial Reporting Standards (IFRS)).
- Net interest income went up by 11.6% from EUR 473.7 million to EUR 528.4 million
- Net fee and commission income increased by 10.3% from EUR 182.1 million to EUR 200.8 million
- Operating profit went up by 18.7% from EUR 395.6 million to EUR 469.6 million
- Net profit after tax reached EUR 299.3 million (2025: EUR 232.3 million)
- Volume of loans and advances to customers grew by 4.4% from EUR 20.1 billion to EUR 21.0 billion
- Deposits from customers increased by 8.0% from EUR 19.1 billion to EUR 20.6 billion
- Cost-to-income ratio went down from 41.2% to 37.6%
- Capital adequacy reached 21.33% and considerably exceeds the limit stipulated by law (according to CRR 3 and the Act on Banks)
- Loans to deposits ratio went down from 105.4% to 101.9%
Business performance overview of Slovenská sporiteľňa as of 30 September 2026
Net interest income went up by 11.6% y/y from EUR 473.7 million to EUR 528.4 million. The increase in net interest income was also driven by the growing loan portfolio, particularly housing loans, as well as the effective management of the structure of deposit products and other sources of the bank’s funding.
Net fee and commission income increased by 10.3% y/y from EUR 182.1 million to EUR 200.8 million. Growth was driven primarily by higher income from services related to investments in mutual funds, insurance brokerage commissions, and income associated with payment services.
The bank recorded a net trading profit of EUR 17.1 million (it was EUR 16.1 million in 2025), which is mainly attributable to derivative transactions.
Operating expenses went up by 2.2% y/y to EUR 283.4 million (in 2025 it was EUR 277.3 million), mainly due to higher wages, investments into modernisation and digitalisation and a higher contribution to the Deposit Protection Fund.
Operating profit went up by EUR 74 million, accounting for an increase of 18.7% y/y. The positive development in revenues, combined with effective cost management, also translated into a significant improvement in the cost-to-income ratio (CIR), which decreased from 41.2% to 37.6% y/y.
The bank recorded a net impairment loss from financial instruments in the amount of EUR 27.6 million in 2026, compared to a loss of EUR 50.5 million in 2025. The share of non-performing loans on total loan volume went up from 2.1% to 2.4% y/y, while their coverage with provisions decreased from 89.9% to 74.6%.
The volume of loan products to customers (including loans, leasing and factoring) increased by 4.2% y/y, from EUR 20.7 billion to EUR 21.6 billion. Retail loans grew by 3.7% to EUR 14.3 billion. Housing loans grew by 4.0% to EUR 12.4 billion. Slovenská sporiteľňa continues to confirm its position as market leader in retail loans; its market share reached 23.8% at the end of August 2026.
Loans to corporate clients (including factoring and leasing products) increased by 5.4% (by EUR 400 million) y/y and reached EUR 7.6 billion.
Deposits from customers rose from EUR 19.1 billion to EUR 20.6 billion compared with the year 2025.
Ratings of Slovenská sporiteľňa (as of 30 September 2026)
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 61 3425; margarita.thiel@erstegroup.com
Erste Group – Investor Relations:
Thomas Sommerauer; tel.: +43 501 00 17 326; thomas.sommerauer@erstegroup.com