Slovenia’s top domestically-owned bank posts best year ever

Delavska Hranilnica, a bank founded and majority owned by trade unions, is looking back at its best business year yet, posting double-digit growth in revenue, profit and total assets for 2024.

The bank, by its own accounts Slovenia's largest banking institution in majority domestic ownership, saw its net profit grow by 12% to €40.5 million, according to the annual report, CE Report quotes The Slovenia Times.

Net interest revenue rose by 13% to €71.6 million and non-interest revenue grew by 5% to €21.2 million. Total revenue was up by 11% to €92.7 million.

The bank maintained its ranking as the seventh largest banking institution in the country, increasing its total assets by 10% to €2.36 million.

Both loans and cash deposits of the non-banking sector grew by around 9%. Lending totalled €1.02 billion at the end of the year, of which €717.4 million were loans to households.

Despite a diversified lending policy, lending growth was 60% higher than the bank system average, Delavska Hranilnica said.

The value of cash deposits by the non-banking sector amounted to €2.18 billion at the end of the year.

The Delavska Hranilnica group includes the bank and the leasing arm DH Leasing, which generated €1.1 million in gross profit in 2024, expanding the scope of investment by 19% to almost €28 million.

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 management proposed €7.2 million out of the €12.14 million in distributable profit be paid out to shareholders in dividends at €12.5 gross per share. The shareholders will vote on the proposal on 5 June.