Greece · Delayed Price · Currency is EUR Piraeus Bank Earnings Call Transcripts
Fiscal Year 2026
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The 2026–2030 plan targets double-digit EPS and dividend growth, best-in-class efficiency, and €5 billion in shareholder distributions, leveraging digital innovation, the Ethniki Insurance acquisition, and a strong Greek macro backdrop. AI and technology will drive operational gains, while capital strategy focuses on optimizing returns and prudent risk management.
Fiscal Year 2025
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Delivered strong 2025 results with 11% loan growth, 16% normalized RoTBV, and a 55% payout ratio. Asset quality and capital ratios remain robust, with positive outlook for NIM and further guidance expected at Capital Markets Day.
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Nine-month net profit reached EUR 854 million with a 15% return on tangible equity, prompting upgrades to 2025 targets for both profitability and loan growth. Asset quality, capital, and liquidity remain strong, while digital and sustainability initiatives drive further growth.
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Net profit reached EUR 559 million in H1 2025, with strong loan and asset growth prompting upgraded guidance. A EUR 100 million share buyback is planned for Q4, and the Ethniki Insurance acquisition is set to enhance earnings and diversification.
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Net profit rose 22% year-over-year to EUR 284 million, with strong loan and asset management growth. CET1 ratio remains robust at 14.4%, and the group is on track to meet or exceed 2025 targets, including upgraded fee income guidance and a major insurance acquisition.
Fiscal Year 2024
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Earnings rose 36% YoY to €1.1 billion, with strong loan growth, best-in-class efficiency, and a proposed €0.30 dividend. Guidance targets sustained profit, capital strength, and 40–50% payout, while digital and fee income initiatives drive future growth.
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Record nine-month net profit of €932 million and upgraded 2024 targets reflect strong growth in NII, fee income, and loan expansion, with best-in-class efficiency and asset quality. CET1 ratio rose to 14.7%, and payout policy was raised to 35% for 2024, with 50% set for 2025.
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Delivered record H1 2024 profits, upgraded return guidance to 16%, and exceeded key capital and asset targets. Strong loan growth, cost discipline, and fee income drove outperformance, while asset quality and capital ratios remain robust.