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.

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.

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).

Holm Bank’s first public offering of subordinated bonds (Tier 2) took place in the period from 10 to 24 May 2024, with 1,899 investors subscribing for subordinated bonds for a total amount of 12 598 000 euros. Thus, the base volume of the issue at 2 million euros was exceeded by a factor of 6.3.

If you have any questions related to the bond offering, you can contact Holm Bank's CFO Madli Pindmaa or write to [email protected]. Information about our initial public offering can be found here.

Madli Pindmaa
[email protected]