Cape Town mayor warns scrapping fixed tariffs will cause R4.2bn loss as battle heads to court
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Addiko Bank AG (ADBKF) (H1 2025) Earnings Call Highlights: Navigating Challenges with Digital ...
Release Date: August 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Addiko Bank AG (ADBKF) achieved a net profit of 24 million in the first half of 2025, maintaining profitability despite a challenging environment. The bank's consumer segment showed strong performance with a 15% year-over-year growth in new business, contributing to a 9% growth in the loan book. Net commission income increased by 5.6% year-over-year, driven by strong sales performance and growth in bank assurance and card business. The liquidity coverage ratio remains robust at over 400%, and the capital position is strong with a 21.3% total capital ratio under Basel 4 regulations. Addiko Bank AG (ADBKF) successfully launched end-to-end digital lending in four core markets, enhancing customer experience and operational efficiency. Negative Points Net interest income decreased by 2.4% year-over-year due to a lower interest rate environment, impacting income from variable loan portfolios and national bank deposits. The SME loan book declined by 3% year-over-year, primarily due to aggressive competition and early loan repayments. General administrative expenses rose to 97.4 million, driven by wage increases and extraordinary advisory costs. The cost-income ratio increased to 62.8%, reflecting higher operational costs. Regulatory changes in Croatia, such as limitations on the maximum debt-to-income ratio, are expected to impact revenue generation in the consumer segment. Q & A Highlights Q: Can you provide more insights into the strong growth of consumer lending and whether it can be sustained? A: Ganesh, Head of Consumer Lending, explained that consumer lending is currently growing at 15% and is expected to continue at a double-digit rate. The market conditions, except for regulatory changes in Croatia, are favorable for continued growth. Q: What regulatory changes in Croatia are affecting the market? A: The Head of Risk Management mentioned that the Croatian regulator has imposed limitations on the maximum Debt-to-Income (DTI) ratio for consumer segments, which is pushing some segments out of the market for loans starting from July 1st. Q: Do you have any expectations regarding the ECB's recommendation on shareholder matters? A: The CEO stated that there is no change in the ECB's stance, and they expect the current situation to continue as long as the shareholder situation remains unchanged. Q: How is Addiko Bank addressing the challenges in the SME segment? A: Ganesh outlined several strategic steps, including a turnaround plan in Serbia, pricing adjustments, broadening the product range, and exploring new partnerships to reignite growth in the SME segment. Q: Can you elaborate on the progress of Addiko Bank's expansion into Romania? A: The CEO reported that Addiko Bank successfully entered the Romanian market with a fully automated consumer lending solution. They are cautiously expanding to avoid risks and plan to launch a comprehensive marketing campaign to build brand awareness and generate business. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
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Investors shouldn't 'overreact' to hot PPI data, strategist says
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