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2026-02-11 21:11:48
The profit for the period 01.01.25 - 31.12.2025 before tax is USD 12 282 020 (USD 16 458 564 in 2024). Profit after tax is USD 13 456 261 as of 31.12.2025 (9 018 133 in 2024). The bank increased its loan portfolio by 18.5%.
Book value per share is USD 1.79 before repayment of capital (USD 1.66 in 2024). Earnings per share for the period 01.01.25 - 31.12.2025 before tax is USD 0.15 (USD 0.2 in 2024).
The Board of Directors propose repayment of capital (from the share premium capital) of USD 0.0659 per share (USD 5 382 504, which is 40% of the profit after tax). The proposal will take place in accordance with the regulatory framework.
There have been no credit losses during 2025, and the Bank has zero non-performing loans. Since the start in 2017 the bank has disbursed USD 1.4 billion in mortgage secured term loans and financed close to 300 vessels and have not experienced losses during this period.