For investors
Since acquiring the banking license, Holm has experienced significant growth, expanding both its customer base and product portfolio. 2023 was a record-breaking year, when we significantly increased both the loan portfolio and the volume of deposits. Holm also issued Tier 1 Additional Equity Bonds (AT1).
Our first public offering of subordinated bonds (Tier 2) gives all interested parties the opportunity to participate in the success story of Estonia's own bank. The subscription of the bonds will take place from 10 to 24 May 2024.
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 income | 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
Investor Relations Contact
If you have any questions related to the bond offering, you can contact Holm Bank's CFO Madli Pindmaa or write to investor@holmbank.ee. Information about our initial public offering can be found here.
Madli Pindmaa
madli.pindmaa@holmbank.ee
Stock market announcements
09.05.2024 Holm Bank AS-i tagamata allutatud võlakirjade avaliku pakkumise teade(in Estonian)
07.05.2024 Conditional admission to trading of Holm Bank AS bonds on Nasdaq Baltic First North Bond List
07.05.2024 Holm Bank AS 2024. aasta I kvartali auditeerimata majandustulemused (in Estonian)
26.02.2024 OÜ Koduliising 2023. aasta konsolideeritud majandusaasta aruanne (in Estonian)
15.04.2024 Admission to trading procedure initiated for bonds of Holm Bank AS
Holm Bank AS
Posti 30, 90504 Haapsalu
Commercial Register code
14080830
