Financial results
Holm Bank is a company based on Estonian private capital, whose product portfolio includes financing for private and business clients, physical and virtual credit cards, hire purchases, leasing and term deposits. The large-scale investments in business development in recent years, the launch of innovative new products and keeping the promise of attractive deposit interest rates helped to bring record results in 2023.
Fast growth
Over the past four years our loan portfolio more than tripled and the volume of deposits increased more than four times
Quality loans
Despite rapid growth, the quality of loans remains high – the share of non-performing loans is low
Innovative solutions
We are constantly expanding our product portfolio with new and modern solutions
Growth-oriented strategy
Our focus in the coming years is on increasing business volumes in both the Estonian and Latvian markets, as well as further enhancing profitability
Key financial indicators
| 2022 | 2023 | 2024 (F) | |
| Loan portfolio | 99,1 | 139,6 | 173,2 |
| Deposit portfolio | 104,4 | 155,5 | 192,5 |
| Equity | 18,3 | 19,9 | 22,7 |
| Total assets | 129,5 | 183,5 | 229,2 |
| Interest income | 12,9 | 17,9 | 25,4 |
| Net interest income | 11,1 | 14,2 | 18,0 |
| Operating expenses | 11,6 | 15,4 | 19,8 |
| Profit/loss | -0,9 | 1,6 | 2,8 |
Annual Report 2023
Last year was the most successful year in Holm Bank's history. All strategic goals were met – we grew both loan and deposit portfolios and successfully carried out our first bond issue. The net loan portfolio of Estonia and Latvia grew by 41%, the volume of deposits by 49%, and we ended the year with the strongest net profit so far.
We continued to invest in business development and launched new innovative products. Strong capital and liquidity positions provide the necessary buffer for future growth and cover for potential risks.
Financial reports
Holm Bank AS
Posti 30, 90504 Haapsalu
Commercial Register code
14080830
