MeDirect Bank returns to a profit before tax of €2.4 million, grows its balance sheet by 9% to €5.8 billion, and strengthens its capital base under new ownership

MeDirect today reported a return to profitability for the six months ended 30 June 2026, recording a profit before tax of €2.4 million, compared with a loss before tax of €3.9 million in the same period of 2025. The result was underpinned by continued growth across the Bank’s core lending and retail and wealth businesses, a 9% increase in the balance sheet to €5.8 billion, and a strengthened capital base following further investment by its controlling shareholder.

The six months were the first full reporting period under Banka CREDITAS, part of the privately owned CREDITAS Group, which completed its acquisition of MeDirect in September 2025. The Bank’s strategic direction remains unchanged; the shareholder’s investment gives it the means to pursue that strategy with greater momentum. That strategy rests on three pillars:

• consolidating and growing its position in its core markets;
• leveraging its technology platform to accelerate the delivery of its business model; and
• building sustainable profitability around its two principal business lines — retail and wealth, and business banking.

Growth across markets and business lines

The Group’s balance sheet grew by €481 million, or 9%, to €5.8 billion, driven by growth across its Belgian, Dutch and Maltese mortgage portfolios and a 40% increase in Maltese corporate lending, funded principally by client deposits, which rose to €4.4 billion. The registered client base grew around 15% over the year to approximately 184,000, with an increasing proportion of clients holding investment products as the shift towards the Bank’s wealth proposition continued.

Client activity reached record levels. Platform logins rose 57% to 6.87 million, and clients executed close to 400,000 trades – almost double the prior period – with more than nine in ten client logins now made through mobile devices, highlighting the continued success of the Group’s mobile-first strategy.

Investing in the digital platform

The Bank continued to invest in the technology platform that underpins its digital banking and wealth proposition, delivering enhancements across its services during the period. These included the introduction of SEPA Direct Debit and corporate debit cards, upgrades to its wealth and investment tools, and further strengthening of the platform’s security and fraud-prevention capabilities. The platform maintained a high level of availability throughout the half while absorbing sharply higher client activity, and the Bank intends to extend its digital capabilities further in the second half, including mobile-first client onboarding and new connectivity services for corporate clients.

A stronger foundation

The return to profit follows the completion of the Bank’s balance sheet de-risking, with credit quality across its core portfolios remaining strong and the non-performing loan ratio reduced to 0.5%. The Bank maintained capital and liquidity buffers in excess of regulatory requirements, further reinforced during the period by a common equity tier 1 contribution from the shareholder.

In May 2026, MeDirect was named Digital Savings and Investing Platform Excellence Award 2026 (Europe) by Capital Finance International, recognising its success in giving clients a secure, transparent and easy-to-use platform that combines lower costs with the tools to manage their own savings and investments. The judging panel also highlighted the Bank’s client growth, financial strength and reinforced governance framework.

Outlook

MeDirect enters the second half of 2026 with momentum across each of its markets, a strengthened capital base and a platform well positioned to support further growth. Its priorities for the remainder of the year are to continue growing its client franchise across Malta and Belgium, to further enhance its digital banking and investment platform, and to build sustainable profitability across its core business lines.

Commenting on the results, Jean-Claude Maher, Group Chief Executive Officer of MeDirect, said:

“Our return to profitability in the first half reflects the strength of our strategy and the momentum in our core business. MeDirect is well positioned for further growth, with a clear strategic direction, a strengthened capital base and a growing, increasingly active client base. We remain committed to earning our clients’ trust every day, providing individuals and businesses with the best possible banking and wealth management experience, and we thank them for their continued confidence and support.”

MeDirect Bank (Malta) plc’s Interim Results to 30 June 2026 can be found on the Bank’s Investor Relations webpage (https://www.medirect.com.mt/about-us/investor-relations/)

MeDirect Bank (Malta) plc, company registration number C34125, is regulated by the Malta Financial Services Authority and is licensed to undertake the business of banking in terms of the Banking Act (Cap. 371) and investment services under the Investment Services Act (Cap. 370). MeDirect Bank (Malta) plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994.

MeDirect Bank (Malta) plc, The Centre, Tigné Point, Sliema, TPO 0001, Malta.

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MeDirect b’riżultati b’saħħithom fl-ewwel nofs tal-2026 hekk kif it-tkabbir ikompli jaċċellera

Il-Bank MeDirect jerġa’ lura għall-profitt qabel it-taxxa ta’ €2.4 miljun, ikabbar il-balance sheet tiegħu b’9% għal €5.8 biljun, u jsaħħaħ il-bażi kapitali tiegħu taħt azzjonist ġdid.

MeDirect illum irrapporta ritorn għall-profitt għas-sitt xhur li ntemmu fit-30 ta’ Ġunju 2026, bi qligħ qabel it-taxxa ta’ €2.4 miljun, meta mqabbel ma’ telf qabel it-taxxa ta’ €3.9 miljun fl-istess perjodu tal-2025. Ir-riżultat kien sostnut minn tkabbir kontinwu fin-negozji ewlenin tal-Bank fis-self u retail u l-ġestjoni tal-ġid (jew kif inhu magħruf – wealth management), żieda ta’ 9% fil-balance sheet għal €5.8 biljun, u tisħiħ tal-bażi kapitali wara investiment addizzjonali mill-azzjonist ewlieni tiegħu.

Dawn is-sitt xhur kienu l-ewwel perjodu sħiħ ta’ rappurtar taħt Banka CREDITAS, parti mill-Grupp CREDITAS, li temm l-akkwist ta’ MeDirect f’Settembru tal-2025. Id-direzzjoni strateġika tal-Bank tibqa’ l-istess; l-investiment tal-azzjonist jagħtih il-mezzi biex iwettaq din l-istrateġija b’aktar ħeġġa. Din l-istrateġija hija mibnija fuq tliet pilastri:

• il-konsolidazzjoni u t-tkabbir tal-pożizzjoni tiegħu fis-swieq ewlenin tiegħu fejn jopera;
• l-użu tal-pjattaforma teknoloġika tiegħu biex jaċċellera l-implimentazzjoni tal-mudell tan-negozju tiegħu; u
• l-bini ta’ profittabbiltà sostenibbli madwar iż-żewġ linji prinċipali tan-negozju tiegħu — retail banking inkluż il-wealth management, u servizzi bankarji għan-negozji (business banking).

Tkabbir fis-swieq u fil-linji tan-negozju

Il-balance sheet tal-Grupp kibret b’€481 miljun, jew 9%, għal €5.8 biljun, immexxija minn tkabbir fil-portafolli tal-home loans fil-Belġju, l-Olanda u Malta, kif ukoll żieda ta’ 40% fis-self lejn in-negozji f’Malta. Dan kien iffinanzjat prinċipalment minn depożiti tal-klijenti li telgħu għal €4.4 biljun.

In-numru ta’ klijenti reġistrati żdied b’madwar 15% matul is-sena għal madwar 184,000 klijent. Żdied ukoll il-perċentwali ta’ klijenti li għandhom prodotti ta’ investiment, filwaqt li kompliet tissaħħaħ il-preferenza għas-servizzi tal-wealth management tal-Bank.

L-attività tal-klijenti laħqet livelli rekord. Il-logins fil-pjattaforma teknoloġika żdiedu b’57% għal 6.87 miljun, filwaqt li l-klijenti wettqu kważi 400,000 transazzjoni ta’ investiment — kważi d-doppju tal-perjodu preċedenti. Aktar minn disgħa minn kull għaxar logins tal-klijenti issa jsiru permezz tal-mobile app, u dan jenfasizza s-suċċess kontinwu tal-istrateġija tal-Grupp li tagħti prijorità lill-mobile app.

Investiment fil-pjattaforma diġitali

Il-Bank kompla jinvesti fil-pjattaforma teknoloġika li fuqha hija mibnija l-offerta tiegħu ta’ servizzi bankarji diġitali u wealth management, billi wettaq titjib f’diversi servizzi matul dawn is-sitt xhur. Dawn inkludew l-introduzzjoni tas-SEPA Direct Debit u karti ta’ debitu għan-negozji, titjib fl-għodod tal-wealth management u tal-investimenti, kif ukoll aktar tisħiħ tas-sigurtà tal-pjattaforma u l-kapaċitajiet tagħha għall-prevenzjoni tal-frodi.

Il-pjattaforma żammet livell għoli ta’ disponibbiltà matul l-ewwel sitt xhur filwaqt li assorbiet żieda qawwija fl-attività tal-klijenti. Il-Bank għandu l-intenzjoni li jestendi aktar il-kapaċitajiet diġitali tiegħu fit-tieni nofs tas-sena, inkluż onboarding tal-klijenti b’approċċ li jagħti prijorità lill-mobile u servizzi ġodda ta’ konnettività għal klijenti korporattivi.

Bażi aktar b’saħħitha

Ir-ritorn għall-profitt ġie wara t-tlestija tal-proċess ta’ tnaqqis tar-riskju fil-balance sheet tal-Bank, filwaqt li l-kwalità tal-kreditu fil-portafolli ewlenin tiegħu baqgħet b’saħħitha u l-proporzjon ta’ self mhux produttiv tnaqqas għal 0.5%.

Il-Bank żamm livelli ta’ kapital u likwidità ogħla mir-rekwiżiti regolatorji, li ġew imsaħħa aktar matul il-perjodu permezz ta’ kontribut tal-kapital CET1 mill-azzjonist (CREDITAS).

F’Mejju 2026, MeDirect ingħata l-premju Digital Savings and Investing Platform Excellence Award 2026 (Europe) minn Capital Finance International. Dan ir-rikonoxximent ingħata bħala apprezzament għas-suċċess tal-Bank fl-offerta ta’ pjattaforma sigura, trasparenti u faċli biex tintuża, li tagħti lill-klijenti aktar valur għall-flus filwaqt li tipprovdilhom l-għodda meħtieġa biex jimmaniġġjaw huma stess it-tfaddil u l-investimenti tagħhom. Il-bord tal-ġudikanti enfasizza wkoll it-tkabbir fin-numru ta’ klijenti tal-Bank, is-saħħa finanzjarja tiegħu u l-qafas ta’ governanza aktar b’saħħtu.

Prospetti

MeDirect jidħol fit-tieni nofs tal-2026 b’momentum pożittiv f’kull wieħed mis-swieq tiegħu, b’bażi kapitali msaħħa u pjattaforma f’pożizzjoni tajba biex tappoġġja aktar tkabbir. Il-prijoritajiet tiegħu għall-bqija tas-sena huma li jkompli jkabbar in-numru ta’ klijenti tiegħu f’Malta u fil-Belġju, jkompli jsaħħaħ il-pjattaforma tas-servizzi diġitali bankarji u tal-investiment, u jibni profittabbiltà sostenibbli fil-linji ewlenin tan-negozju tiegħu.

Waqt li kkummenta dwar ir-riżultati, Jean-Claude Maher, il-Kap Eżekuttiv tal-Grupp MeDirect, qal: “Ir-ritorn għall-profittabbiltà fl-ewwel sitt xhur tas-sena jirrifletti s-saħħa tal-istrateġija tagħna u l-momentum pożittiv fin-negozju ewlieni tagħna. MeDirect jinsab f’pożizzjoni b’saħħitha biex ikompli jikber, b’direzzjoni strateġika ċara, bażi kapitali aktar soda u bażi ta’ klijenti li qed tkompli tikber u tkun aktar attiva. Nibqgħu impenjati li kull jum niksbu u nżommu l-fiduċja tal-klijenti tagħna, billi noffru lill-individwi u n-negozji l-aqwa esperjenza possibbli fis-servizzi bankarji u tal-investiment. Nirringrazzjaw lill-klijenti tagħna tal-fiduċja u l-appoġġ kontinwu tagħhom.”

Ir-Riżultati Interim ta’ MeDirect Bank (Malta) plc għall-perjodu li ntemm fit-30 ta’ Ġunju 2026 jinstabu fuq il-paġna tar-Relazzjonijiet mal-Investituri tal-Bank: https://www.medirect.com.mt/about-us/investor-relations/

MeDirect Bank (Malta) plc, numru ta’ reġistrazzjoni tal-kumpanija C34125, huwa regolat mill-Awtorità għas-Servizzi Finanzjarji ta’ Malta (MFSA) u huwa liċenzjat biex iwettaq attivita’ bankarja skont l-Att dwar il-Banek (Kap. 371) u biex joffri servizzi ta’ investiment skont l-Att dwar is-Servizzi ta’ Investiment (Kap. 370). MeDirect Bank (Malta) plc huwa regolat mill-MFSA bħala Istituzzjoni ta’ Kreditu taħt l-Att dwar il-Banek tal-1994.

MeDirect Bank (Malta) plc, The Centre, Tigné Point, Tas-Sliema, TPO 0001, Malta.