Slovenská sporiteľňa reports net profit of EUR 176.8 million in the first half of the year. Strong business performance earns recognition from clients and industry experts
„We delivered a very strong performance in the first half of the year and confirmed that we can combine solid business results with long-term investments, for example in digitalization. Thanks in part to these efforts, we introduced new investment features in George during the second quarter. Investing is a key tool for building prosperity, and we have made it accessible for as many people as possible. I am pleased that our sensible investments in digitalization are appreciated not only by the public – George won an award as the best banking app for investing – but also by industry experts, as the prestigious British magazine Euromoney named us the Best Digital Bank in Slovakia,” says Michaela Bauer, CEO and Chairwoman of the Management Board of Slovenská sporiteľňa.
„The first-half results show the continuation of the trends we saw at the beginning of the year – both net interest income and fee income grew by more than 10 percent, resulting in an increase of more than 20 percent in operating profit. Importantly, we are achieving this performance while improving our efficiency ratio – despite higher investments in digitalization and the modernization of the bank, revenue growth continues to outpace cost growth. Today, our cost income ratio is at its best level in many years,“ says Slavomír Seemann, Chief Financial Officer and Member of the Management Board of Slovenská sporiteľňa.
Financial highlights as of 30 June 2026 (y/y comparison)
(Consolidated unaudited business results of Slovenská sporiteľňa as of 30 June 2026 according to International Financial Reporting Standards (IFRS)).
- Net interest income went up by 12.7% from EUR 308.4 mil. to EUR 347.7 mil.
- Net fee and commission income increased by 10.0% from EUR 120.8 mil. to EUR 132.9 mil.
- Operating profit went up by 20.8% from EUR 252.3 mil. to EUR 304.8 mil.
- Net profit after tax reached EUR 176.8 mil. (2025: EUR 148.6 mil.)
- Volume of loans and advances to customers grew by 5.2% from EUR 19.6 billion to EUR 20.7 billion
- Deposits from customers increased by 4.7% from EUR 18.9 billion to EUR 19.8 billion
- Cost income ratio went down from 42.6% and reached 38.9%
- Capital adequacy reached 20.42% and considerably exceeds the limit stipulated by law (according to CRR 3 and Act on Banks)
- Loans to deposits ratio went up from 103.9% to 104.4%
Business performance overview of Slovenská sporiteľňa as of 30 June 2026
Net interest income went up by 12.7% y/y from EUR 308.4 million to EUR 347.7 million. The increase in net interest income was also driven by the growing loan portfolio, mainly housing loans in the retail segment and effective management and structure of passive products.
Net fee and commission income increased by 10.0% y/y from EUR 120.8 million to EUR 132.9 million. This growth was mainly driven by income related to investments into mutual funds, insurance commissions and fees for payment transactions.
The bank recorded a net trading profit of EUR 12.0 million (it was EUR 10.7 million in 2025) which is mainly attributable to derivative transactions.
Operating expenses went up by 3.4% y/y to EUR 193.6 million (in 2025 it was EUR 187.3 million) mainly due to higher wages, investments into modernisation and digitalisation and higher contribution into the Deposit Protection Fund.
Operating profit went up by EUR 52.5 million, accounting for an increase of 20.8% y/y. Cost income ratio decreased considerably from 42.6% to 38.9% compared with last year.
The bank recorded a net impairment loss from financial instruments in the amount of EUR 45.5 million in 2026, compared to a loss of EUR 32.4 million in 2025. The share of non-performing loans on total loan volume went up from 2.0% to 2.3% y/y, while their coverage with provisions decreased from 90.5% to 80.9%.
The volume of loans products to customers (including loans, leasing and factoring) increased by 4.9% y/y and achieved EUR 21.2 billion. Retail loans grew by 5.4% to EUR 14.2 billion. Housing loans grew by 6.0% to EUR 12.3 billion. Slovenská sporiteľňa continues to confirm its position as market leader in retail loans; its market share reached 24.2% at the end of May 2026.
Loans to corporate clients (including factoring and leasing products) increased by 4.0% y/y (by EUR 300 million) and reached EUR 7.4 billion.
Deposits from customers rose from EUR 18.9 billion to EUR 19.8 billion compared with the year 2025.
Ratings of Slovenská sporiteľňa (as of 30 June 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