Net profits of more than € 160 million and index of identical performers capital Over 22%, awaits this year this year Optima Bankas the Bank CEO, Dimitris Kyparissis told analysts, during the presentation of first quarter results
He announced that the bank is going to proceed, by the end of June, in a Tier II bond issue of 150m euros to keep the capital index of more than 16%. For the use of 2024, Optima Bank will distribute to its shareholders of € 0.57 per share, which will be paid on June 27. The recent general meeting of shareholders also approved split of the stock (3 new ones for each 1 old), as well as a repurchase program of up to EUR 3 million in a range of 1.15 – 8 euros (after split).
Based on the performance of the first quarter, Mr Kyparissis said that the targets for loans and deposits were being upgraded. In particular, the target for lending is an increase in net credit expansion by around € 1 billion in 2025 and for deposits by approximately 1.25 billion. euro (+ 27% per year for both loans and deposits).
The case of new targets is for Euribor 2% interest rate at the end of the year (although there are indications of lower levels, as Mr Kyparissis said) and about 50% of the total deposits. The new targets still include a forecast for an index of non -performing openings below 1.5%, a cost to revenue of less than 30% and open two new stores in 2025.
Referring to the first quarter performance, in which the bank showed an increase in profits and sizes both compared to the first quarter of 2024 and in the fourth quarter of 2024, Mr Kyparissis said that Optima Bank has the best index. Better among EU banks (14.1%).
As he said, Optima Bank is also superior to net interest rate margin (3.53% vs. 2.51% of the market), costs to revenue (26.3% vs. 37%), annual deposit increase ( + 43% versus + 4.9% of the market), annual loan growth ( + 42% versus + 6.2%) and (0.90% vs. 3%), while not having deferred tax claims in its funds.
“We have managed to grow much more than the rest of the market and better than the reduction of interest rates,” Optima Bank’s CEO also said, also pointing out the High Optima Bank customer satisfaction index at 84.01 (over 80 is a World Class performance).