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Piraeus Bank Reports Higher 2025 Net Earnings
26 Feb
Summary
- Piraeus Bank's net earnings for 2025 reached 1.07 billion euros.
- Loan portfolio grew 11% to 37.3 billion euros, exceeding targets.
- Insurance and wealth management boosted net fees by 7.5%.
Piraeus Bank, Greece's third-largest lender, reported a slight increase in net earnings for the full year 2025, reaching 1.07 billion euros. This performance came as the bank successfully expanded its loan business and fee-based income streams, counteracting the effects of falling interest rates.
The bank's CEO, Christos Megalou, stated that the loan portfolio expanded by 11% year-on-year, totaling 37.3 billion euros and surpassing the year's objective. Piraeus Bank also announced a dividend payout of 55% of its 2025 profit, amounting to 0.40 euros per share, in addition to an interim distribution.
Diversifying income sources, Piraeus Bank's insurance activities and wealth management business, bolstered by the acquisition of Ethniki Insurance, increased net fees by 7.5% to 696 million euros. The bank's exposure to non-performing loans also decreased to 2.0% by the end of December, down from 2.6% a year prior.
