-
Piraeus Bank S.A.: First Quarter 2026 Financial Results
Piraeus Bank S.A.: First Quarter 2026 Financial Results
Share
ATHENS, Greece--(BUSINESS WIRE)--Piraeus Bank S.A. (ATHEX: TPEIR) (OTCQX: BPIRY) (OTCQX: BPIRF) Q1 2026 highlights
Strong loan expansion and client assets growth
- Loans at €38.6bn, with €1.3bn net credit expansion in Q1, supported by all business lending segments
- Mortgage lending recovery continues, with €30mn net credit expansion in Q1; €185mn mortgage disbursements, up 95% yoy
- Client deposits shaped at €64.9bn, +6% yoy
- Client assets under management (AuM) up by 17% yoy, at €14.7bn, with €0.5bn net inflows in Q1
Sustainable profits and shareholder returns
- Solid profitability of €281mn, which translates to 15% normalized return on tangible book value, in line with 2026 target of c.15%
- €0.21 earnings per share, on track to meet the €90c full year EPS target
- Tangible book value per share at €6.11, +3% qoq; combined with dividends paid, shareholder value creation +6.5% yoy
- Core revenues at €692mn, +8% yoy, with strong loan volume and fee growth offsetting lower rates and spreads
- Revenues from services rose to €210mn, at 32% yoy; revenues over assets at market leading 0.94%
- Cost-to-income ratio at 37%, confirming cost discipline despite temporary impact from trading book volatility
- Cash distribution of €494mn out of 2025 net profits approved at the AGM, planned to be paid to Piraeus shareholders on 15 Jun.26, subject to regulatory consent
Balance sheet management to sustain growth and low risk profile
- Controlled organic cost of risk at 32bps
- NPE ratio at 2.1% vs. 2.6% a year ago and NPE coverage at 70% vs. 64%, respectively
- Optimizing loan-to-deposit ratio to 68% through market leading credit growth
- Solid liquidity coverage ratio at 191%, with unutilized capacity to improve further
Capital ratios with comfortable buffers
- CET1 ratio at 12.6% absorbing robust loan growth, the 57% distribution accrual for 2026, and accelerated DTC amortization; total capital ratio at 18.5% with c.260bps buffer, above 2026 overall capital requirement including P2G
Contacts
Piraeus Bank S.A.
More News From Piraeus Bank S.A.
Piraeus and Accenture Team Up to Launch ΑΙ Hub in the Greek Banking Sector Powered by Anthropic
ATHENS, Greece--(BUSINESS WIRE)--Piraeus (ATHEX: TPEIR) and Accenture (NYSE: ACN) announced a significant expansion of their long-standing collaboration with the launch of a dedicated AI Hub – supported by Anthropic – designed to accelerate Piraeus’ enterprise-wide AI transformation and set a benchmark for AI-driven banking in Greece. The AI Hub will act as a central engine for designing, developing and scaling advanced AI capabilities across Piraeus’ full value chain. By bringing together Acce...
Piraeus Bank S.A. 2026 Financial Calendar
ATHENS--(BUSINESS WIRE)--Piraeus Bank S.A. (the "Company"), further to the announcement of its financial calendar on 16 January 2026, in accordance with the provisions of Decision 25 par. 2.4, 2.5 of the Athens Stock Exchange (“ATHEX”) and taking into account the provisions of § 5.1 par. 8 of the new ATHEX Regulation, informs the investment community about the ex-dividend, record and payment dates of the capital return of €492 million, or €0.398 per share, to the Company’s shareholders. The dec...
Piraeus Bank S.A.: Full Year 2025 Financial Results
ATHENS, Greece--(BUSINESS WIRE)--Piraeus Bank S.A. (ATHEX: TPEIR) (OTCQX: BPIRY) (OTCQX: BPIRF): FY.25: 16% RoaTBV, Ethniki Insurance acquisition completed, payout ratio increased to 55% €1.2bn normalized profit | €1.1bn on a reported basis, as guided; beat on revenues, with strong finish in Q4 €0.82 EPS after AT1 coupon | Exceeding guidance of €0.80 for the year, fully absorbing the fast decumulation of base rates €40c per share cash dividend | On top of €100mn share buyback executed in Q4; €5...
