Slovenská sporiteľňa closed 2025 with strong growth in profit and its loan portfolio
„The year 2025 was truly exceptional for Slovenská sporiteľňa. We celebrated our 200th anniversary – two centuries during which we have stood by people, companies, and communities, helping to build Slovakia’s prosperity. It was also a year in which we confirmed our strong financial performance. We achieved double digit growth in operating profit, loan and deposit volumes continued to increase, and we maintained our leading position in retail banking. Clients entrusted us with more of their savings and took advantage of more favourable interest rate developments in the mortgage market. In housing loans, we strengthened our market share by responding flexibly through interest rate reductions and introducing a new, digitally simplified process. The strong demand for investment products, bonds, and regular investment programmes confirms the trust in our ability to grow clients’ assets in a changing environment,“ says Peter Krutil, CEO and Chairman of the Board of Directors of Slovenská sporiteľňa.
Financial highlights as of 31 December 2025 (Y/Y comparison)
Consolidated audited business results of Slovenská sporiteľňa as of 31 December 2025 according to International Financial Reporting Standards (IFRS)).
- Net interest income went up by 13.4% from EUR 568.9 mil. to EUR 645.1 mil.
- Net fee and commission income increased by 4.1% from EUR 232.3 mil. to EUR 241.8 mil.
- Operating profit went up by 12.7% from EUR 474.8 mil. to EUR 534.9 mil.
- Net profit after tax reached EUR 310.3 mil. (2024: EUR 285.5 mil.)
- Volume of loans and advances to customers grew by 6.8% from EUR 18.9 billion to EUR 20.2 billion
- Deposits from customers increased by 5.1% from EUR 18.7 billion to EUR 19.7 billion
- Cost income ratio went down from 42.7% and reached 41.3%
- Capital adequacy reached 20.74% and considerably exceeds the limit stipulated by law (according to CRR 3 and Act on Banks)
- Loans to deposits ratio went up from 101.0% to 102.6%
Business performance overview of Slovenská sporiteľňa as of 31 December 2025
Net interest income went up by 13.4% y/y from EUR 568.9 million to EUR 645.1 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 4.1% y/y from EUR 232.3 million to EUR 241.8 million. This growth was mainly driven by income from insurance commissions, income related to investments in mutual funds, and income from securities brokerage services.
The bank recorded a net trading profit of EUR 21.7 million (it was EUR 18.6 million in 2024) which is mainly attributable to derivative transactions.
Operating expenses went up by 6.3% y/y to EUR 376.1 million (in 2024 it was EUR 353.7 million). Personal expenses increased by 4.2% 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 10.7% mainly due to higher investments into digitalisation and modernisation to improve customer experience even further.
Operating profit went up by EUR 60.2 million, accounting for an increase of 12.7% y/y. Cost income ratio decreased considerably from 42.7% to 41.3% compared with last year.
The bank recorded a net impairment loss from financial instruments in the amount of EUR 51.3 million in 2025, compared to a loss of EUR 13.1 million in 2024 (in 2024 unusually low due to methodological changes). The share of non-performing loans on total loan volume went up from 1.9% to 2.2% y/y, while their coverage with provisions decreased from 92.3% to 81.5%.
The volume of loans products to customers (including loans, leasing and factoring) increased by 6.7% y/y and achieved EUR 20.7 billion. Retail loans grew by 8.0% (EUR 1.0 billion) y/y. Housing loans grew by 8.9% (EUR 1.0 billion in absolute terms) y/y and consumer loans went up by 2.4% (EUR 40 million) y/y. Slovenská sporiteľňa again confirmed its position as market leader in retail loans; its market share reached 24.6% at the end of December 2025.
Loans to corporate clients (including factoring and leasing products) increased by 4.1% y/y (by EUR 300 million) and reached EUR 7.1 billion.
Deposits from customers rose from EUR 18.7 billion to EUR 19.7 billion compared with the year 2024.
Current ratings of Slovenská sporiteľňa (as of 31 December 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