In a year marked by tightening monetary policy and economic headwinds, Slovenia’s union-backed Delavska Hranilnica has posted its strongest results to date, proving that alternative banking models can thrive in a competitive market.
Founded and still largely owned by trade unions, the bank reported a 12% rise in net profit for 2024, reaching €40.5 million.
Interest income climbed 13% to €71.6 million, while total revenue rose 11% to €92.7 million.
With a 10% jump in total assets to €2.36 billion, the bank remains Slovenia’s seventh largest — and the biggest under majority domestic ownership.
Lending and deposits in the non-bank sector rose 9%, with household loans accounting for €717.4 million of the €1.02 billion loan book.
Even more notably, loan growth outpaced the national average by 60%, despite a conservative credit policy.
Meanwhile, DH Leasing, its leasing arm, boosted investments by 19% and earned €1.1 million in profit.
With a new capital buffer requirement from the central bank looming, the board proposes €7.2 million in dividends, or €12.5 per share — a decision left to shareholders on 5 June.
