Citadele Bank reported a net profit of 19 million euros in the first quarter of 2026, a 7.6% increase compared to the same period last year, the bank announced on April 30, 2026.
The bank’s core operating income reached 52.1 million euros during the quarter, slightly lower than the 52.4 million euros recorded in the first quarter of 2025, representing a decrease of 2.4%. Despite this slight dip in operating income, Citadele demonstrated resilience in a shifting economic landscape.
Citadele extended 332 million euros in new financing during the first three months of the year, bringing its total loan portfolio to 3.8 billion euros – a 13% year-over-year increase. The bank noted increased activity in both the personal and small-to-medium enterprise segments.
The bank’s asset quality remained stable, with a gross non-performing loan ratio of 1.9% as of March 31, 2026. Customer deposits grew by 11% year-on-year to 4.3 billion euros, remaining relatively stable since the end of last year.
Citadele’s active customer base reached 413,200 at the end of the first quarter, a 2.4% increase from the prior year. Mobile app users as well increased, growing by 5% to 286,000.
“The economic environment became more complex at the end of the first quarter due to rising tensions in the Middle East, which put additional pressure on inflation,” said Rūta Ežerskiene, Chairperson of the Management Board of Citadele Bank. “Despite this, Citadele started 2026 stably, continuing to expand its product range in line with its focus on digital solutions and customer experience.”
The bank continues to prioritize innovation, investing in digital solutions to enhance the customer experience.
