kathimerini.gr
tbi bank's 2024 Net Profit Up 18% to €50 Million
tbi bank reported a net profit of €50 million in 2024, an 18% increase from 2023, driven by a 32% rise in loan applications (2.2 million total) and a 26% increase in loan value (€1.177 billion). 70% of applications were digital.
- What were tbi bank's key financial results for 2024, and what factors contributed to its growth?
- tbi bank, a digital bank operating in Southeastern Europe, reported a net profit of €50 million for the past fiscal year, an 18% increase compared to 2023. The bank handled 2.2 million loan applications across Greece, Romania, and Bulgaria, a 32% increase year-on-year, and disbursed over 1 million loans totaling €1.177 billion (a 26% increase).
- How did tbi bank's expansion of its partner network impact its overall performance and market position?
- tbi bank's strong performance is attributed to its digital channels, with 70% of loan applications submitted online. The bank's assets increased by 20% to €1.8 billion, and its loan portfolio grew by 25% to €1.3 billion. This growth was fueled by expanding partnerships, adding 31,000 new check-out points across its markets.
- What are the long-term implications of tbi bank's investments in technology and AI for its future growth and competitiveness?
- tbi bank's continued investment in technology and AI, reflected in a 24% increase in general expenses to €119 million, is a key driver of its success. This strategic approach is enabling the development of new products and expansion into new markets, securing its leading position in Greece, Romania, and Bulgaria. The bank maintains strong liquidity (LCR of 541%) and capital adequacy (CAR of 22.3%).
Cognitive Concepts
Framing Bias
The framing is generally positive, focusing on the significant growth and positive financial results of TBI Bank. The use of phrases such as "very positive financial results" and highlighting the increase in loan applications and disbursements contributes to this positive framing. However, this is expected in a press release announcing strong financial performance and doesn't necessarily represent a bias, as the data presented appears accurate.
Language Bias
The language used is largely neutral and factual, focusing on presenting financial data. The description of the results as "very positive" could be considered slightly subjective, but it is consistent with the overall positive performance reported.
Sustainable Development Goals
The significant increase in loans disbursed by tbi bank (over 1 million loans, a 32% increase year-on-year) demonstrates growth in the financial sector and contributes to economic expansion in Greece, Romania, and Bulgaria. The bank's expansion into new sectors and partnerships also signifies job creation and economic stimulus within these countries. The reported increase in net profit (18% increase to €50 million) further supports this positive impact on economic growth.