29.4.2026

Q1 2026 Financial Results

Stopanska banka delivered solid results in the first quarter of 2026, navigating a business environment shaped by globally lower interest rates and intensifying competition, while continuing to strengthen the foundations of long-term stability and client support through its broad transformation program which began 1 year ago.
“In a quarter marked by lower interest rates and regulatory shifts, we remained focused on what matters most: supporting clients, maintaining strong capitalization, and continuing our transformation agenda with discipline and prudence.” – said CFO Mirjana Trajanovska.

The Bank for the first quarter achieved a profit before tax of MKD 799.419 K (€ equivalent - 13m) while the Bank’s fundamentals remain stable: total assets stood at MKD 157.5 billion ((€ equivalent 2.561bn), broadly unchanged compared to year-end 2025.
A key indicator of the Bank’s continued focus on quality is the sustained emphasis on high-quality assets and prudent risk management. During the quarter, the Bank allocated provisions of MKD 140.2 million ((€ equivalent of 2.28m), which is 45% lower than in Q1 2025.

In terms of revenue composition, the result is reflecting the impact of the lower-rate environment and fee-related dynamics in payment services. Net interest income totaled MKD 1,261.0 million ((€ equivalent 20.5m), 14% lower year-on-year, consistent with the decreased interest rate environment at both global and local level, and additionally influenced by increased competition. At the same time, net fees and commissions increased by 13% to MKD 221.7 million ((€ equivalent3.6m), demonstrating continued client activity and service utilization even as this line remains affected by regulatory measures related to cards and fund transfers, including the country’s process of joining SEPA.

The Bank’s capital position remains strong. Capital and reserves increased to MKD 29.3 billion ((€ equivalent476m) and, as reported, the capital adequacy ratio is 19.36%, supporting resilience and the capacity to continue serving clients through changing market conditions.
Q1 2026 also marked continued progress in the Bank’s transformation journey, now in its second year, alongside the move into the new headquarters. This program is fully encompassing and will gradually affect all areas of the Bank, with priorities balanced across regulatory readiness, support functions, and business development. The goal is clear: through heavy investment into systems and novelty features to enhance service quality, operational resilience, and long-term efficiency while maintaining high standards of stability and security.