tbi bank reports net profit of 38 million euros, up 34 percent in the first 9 months

tbi bank reported a record net profit of 38 million euros for the first 9 months of 2024 – 34 percent higher year-on-year based on unaudited consolidated financial results.

By end September 2024, tbi bank serviced 1.6 million loan applications in Bulgaria, Romania and Greece. In this period the bank disbursed nearly 720.000 loans (39 percent higher YoY) in the amount of 840 million euros – 25 percent more YoY. Moreover, the self-service channels contribute to the business results, as 70 percent of the loan applications were made digitally.

tbi reports 26 percent YoY growth in total assets as to the end of September 2024, reaching 1.70 billion euros. The gross loan portfolio increased to 1.23 billion euros at the end of September 2024 (26 percent YoY growth).

tbi bank’s operating income grew by 25 percent YoY reaching 186 million euros, mainly driven by a 34 percent increase in net interest income. This allowed operating profit for nine months 2024 to reach 130 million euros.

“Our constantly growing customer base in Bulgaria, Romania and Greece is what makes us happy and contributes to our strong financial results. I want to thank our customers for their trust as well as our passionate and dedicated team, which remains the backbone of our success and constant innovation. As we are approaching the holiday season, we are working hard to make sure our customers are supported in all aspects of their financial lives,” says Petr Baron, CEO of tbi fs.