tbi bank reports net profit of 18.4 million Euro in first half of 2023

tbi bank announces a net profit of 18.4 million Euro for the first half of the year. Throughout the first half of 2023, tbi onboarded new merchant partners, including new verticals, and is now present in more than 21.000 merchant partner check-out points on its main markets of operation – Romania, Greece and Bulgaria. 

In H1 2023 tbi bank serviced 1.1 million loan applications in Romania Greece and Bulgaria, twice as much as for the same period of 2022. Moreover, 70 percent of applications for retail loans were made through self-service digital channels (compared to 48 percent in H1 2022) and contribute strongly to the business results. By June the bank disbursed nearly 320.000 payment plans at the amount of 443 million Euro – 35 percent more compared to the same period of 2022.

tbi reports 46 percent growth in total assets as to the end of H1 2023, reaching 1.2 billion Euro (from 830 million Euro at the end of H1 2022). The loan portfolio increased to 915 million Euro at the end of June 2023 (42 percent growth compared to H1 2022).

tbi bank’s revenue grew by 28 percent to 95 million Euro, allowing operating profit for H1 2023 to reach 68 million Euro.

“In times when many challenger banks struggle to find a working business model, we at tbi continue to prove that you can innovate and be profitable,” says Petr Baron, CEO of tbi. Our dedicated team doesn’t stop delivering best-in-class solutions for our customers. The neon card launched in Bulgaria and the constant development of the self-service channels on all our main markets are best examples for ultimate mobile-first daily banking experience. Looking towards the end of 2023 we will continue to improve our products proposition and expand our merchant network in Romania, Bulgaria, and Greece”.