Greece · Delayed Price · Currency is EUR Piraeus Bank Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw robust profit, loan, and fee growth, with strong capital and asset quality metrics. Guidance for credit growth and capital ratios is confirmed, and distribution to shareholders is elevated, while the bank continues to outperform EU peers on key metrics.
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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.