Piraeus Financial Holdings

Q1.2024 Financial Performance at a Glance

#1 in Greece in performing loans (25%), deposits (28%),
footprint (375 branches)
6.3mn Customers in Greece
€0.21 normalized EPS
16.5% normalized return on average TBV
3.5% NPE ratio, with 60% NPE coverage
18.5% total capital ratio
€2.1bn new loan disbursements in Q1.24
€30.0bn performing loan portfolio, +6% yoy
€279mn normalized operating profit
€518mn net interest income, +16% yoy
€145mn net fee income, +19% yoy
€193mn lowest quarter ever for operating expenses (recurring), -5% yoy
29% cost-to-core income ratio, down from 36% in Q1.23
0.5% historic low organic cost of risk
€58.6bn deposits, +2% yoy
241% liquidity coverage ratio
€10bn assets under management, +33% yoy