tbi bank announces an upward revision of its net profit for the first half of 2024, after the auditors’ review of the interim financial data, to 24.4 million euros (1.2 million euro more than initially reported). This result records a 24% growth compared to the same period of the previous year.
In addition, the bank’s shareholders decided to capitalize the H1 2024 net profit to support future business growth and the development of the key products – tbi bank app and the neon card. Earlier this year, the same decision was taken by the shareholders to reinvest the whole profit of 2023.
“We are grateful to our shareholders for their continuous support of our growth and development. It allows us to execute our growth strategy and invest in our current and new products and services that make customers’ life easier”, says Petr Baron, CEO, tbi fs.
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About tbi bank
tbi bank is a challenger bank in South-East Europe and a regional leader in alternative payment solutions, combining financing and shopping services to meet customers’ current needs and future consumer trends. Active in Bulgaria, Romania, Greece, Germany, and Lithuania, tbi bank supports merchants in increasing their sales and consumers to access innovative financial services in a simple and fast digital experience. Through various digital channels and trusted partnerships with more than 26,000 merchants, tbi bank has a customer base of more than 2 million customers and granted almost 750,000 loans in 2023. In Romania, over 200,000 users are constantly using the shopping app created by tbi bank to offer quick and advantageous access to the best deals in 4 interest-free installments or up to 60 fixed installments. tbi bank’s business model and customer-focused approach have made it the most profitable and efficient bank in the region.
