Ljubljana, 28 April (STA) - The Delavska Hranilnica bank had its best year yet in 2024, recording a 11% growth in revenue and a 10% total assets growth, the bank said on Monday. The bank generated almost EUR 40.5 million in net profit, up 12% from 2023. The management proposed EUR 7.2 million be distributed among shareholders as dividends.
The bank's net interest grew by 13% to EUR 71.6 million, while non-interest revenue grew by 5% to almost EUR 21.2 million. Total revenue grew by 11% to EUR 92.7 million, reads the annual report.
Profit before tax was EUR 51.5 million, up by 16% compared to 2023, while net profit grew by 12% to almost EUR 40.5 million.
The bank's total assets grew by 10% to EUR 2.36 million. The bank maintained its ranking as the seventh largest banking institution in the country.
Both loans and cash deposits of the non-banking sector grew by around 9%. The value of loans amounted to EUR 1.02 billion at the end of the year, of which EUR 717.4 million were loans to households.
Despite a diversified lending policy, the growth of lending was 60% higher than the bank system's average, Delavska Hranilnica said.
The value of cash deposits by the non-banking sector amounted to EUR 2.18 billion at the end of the year.
DH Leasing, which is part of the Delavska Hranilnica group along with the bank, generated EUR 1.1 million in gross profit in 2024. It expanded the scope of investment by 19% to almost EUR 28 million with 60% being investments into personal vehicles.
At the end of the year the group had 35 offices and 380 employees.
Following a recent decision by the central bank, Delavska Hranilnica will now have to hold around 40% more capital. This will be implemented mainly by transferring a large part of the profit of the past two years into statutory reserves.
The bank's management proposed that EUR 7.2 million out of the EUR 12.14 million of distributable profit be distributed by shareholders and the rest transferred into statutory reserves. This would mean a dividend payout of EUR 12.5 gross per share. The shareholders will vote on this at the general meeting on 5 June.
