Piraeus Bank announced strong profitability of 1.070 billion euros in 2025, corresponding to a 16% return on tangible equity.
Net profits amounted to 250 million euros in the fourth quarter of 2025.
Key developments
- Strong growth in customer loans and funds
- 37.3 billion euros in loans, with net credit expansion of 3.9 billion euros in 2025, supported by all business sectors
- 300 million euros in net credit expansion from the retail sector. In particular, a net expansion of 100 million euros for mortgage loans in 2025, indicating a recovery in mortgage credit
- 13.3 billion euros in new loans disbursed to the Greek economy in 2025, the best performance ever for Piraeus
- Customer deposits stood at 66.1 billion euros, up 3% qoq and 5% y-o-y
- Customer funds under management increased by 27% y-o-y to 14.5 billion euros, exceeding the annual target
Sustainable earnings and returns
- Strong profitability at 1,070 million in 2025, which corresponds to a 16% return on tangible equity, adjusted for exceptional items. Net income amounted to 250 million in Q4
- 0.82 euros EPS in 2025 after deducting the coupon on Additional Tier1 bonds, exceeding the annual target of >0.80 EPS
- Tangible equity per share amounted to 5.92 euros, up 2% year-on-year, absorbing the acquisition of Ethniki Insurance, the dividend payment of 0.30 euros per share in June 2025, the interim distribution of 0.08 euros per share in the form of share buybacks in Q4, as well as the coupon payment on Additional Tier1 bonds
- Net income of 723 million in Q4, with net fee income up 26% year-on-year, and net interest income up 1% compared to Q3 quarter
- Net fee income increased to 696 million euros in 2025, at 26% of net income, with the fee-to-asset ratio at 0.82%, the highest level in the Greek market. Loans, client wealth management and bancassurance contributed to the fee increase
- The target for the total distribution of 2025 profits is upgraded to 55%, from 50% previously, which translates into a 0.40 euro cash dividend per share (492 million), in addition to the interim distribution in the 4th quarter of 100 million in the form of share buybacks
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