Yesterday, Thursday, June 25, 2026, the Annual General Meeting of the Karditsa Cooperative Bank, during which the Annual Financial Results and the Board of Directors’ Report for 2025, as well as the Budget for the current year, were presented to the members.
The Bank concluded the 2025 fiscal year by further strengthening its financial position, intensifying its investments in its network, technology, and its people, with the aim of maintaining its momentum as one of the country’s most robust and rapidly growing cooperative financial institutions.
Strategic milestones from the previous fiscal year include, among others, obtaining a nationwide operating license, the Group’s expansion—through its subsidiary CBK Group—in the energy sector; and the opening of the new branch in Volos, which marks the Bank’s expanded presence in Magnesia.
Key figures for fiscal year 2025
- Assets increased by 17.1%, reaching €322.4 million.
- Customer deposits of €280.2 million, an increase of 18.6%
- Loans of €170.2 million, a 4.9% increase compared to 2024
- Net income of €3.31 million (pre-tax income of €4.32 million) – a normalization from €4.06 million in 2024, primarily due to investments in infrastructure and personnel.
- Total equity of €33.98 million, up 11.2%
- Total Capital Ratio (TCR) 23.97% – among the highest among Greek banks
- Non-Performing Loan (NPL) ratio: 5.60%
- Liquidity Coverage Ratio (LCR): 672.6%
- Return on Equity (RoTE): 10.41%
During his address to shareholders, the Chairman of the Board of Directors, Mr. Georgios Boukis, stated: “2025 was a record year for our Bank in terms of scale and dynamic expansion, with our assets exceeding €320 million for the first time and our membership approaching 18,500. With the opening of our new branch in Volos and the acquisition of a nationwide operating license, the Bank is entering a new era, remaining true to its cooperative nature and its role as a driver of development for Karditsa, Thessaly, and now the entire country.”
The CEO, Mr. Panagiotis Tournavitis, stated: “2025 was deliberately a year of major investments—in our network with a new branch in Volos, in our people, in technology and artificial intelligence, as well as in our new subsidiary, CBK Group. These investments, combined with the easing of interest rates, led to a temporary normalization of profitability; at the same time, however, we significantly strengthened our capital base and maintained the highest capital adequacy and liquidity in the industry. With a strong foundation, we continue to reinvest 59% of our revenue in the local economy, propose a dividend distribution to our shareholders for yet another year, and build a bank that is ready for the future.”