Piraeus Financial Holdings

H1.2023 Financial Performance at a Glance

#1 in Greece in performing loans (26%), deposits (28%), footprint (387 branches)
6.1mn Customers in Greece
€0.33 normalized EPS
14% normalized return on average TBV
5.5% NPE ratio, milestone achieved
17.1% total capital ratio pro forma
+€0.8bn net credit expansion in Q2.23
€29.0bn performing loan portfolio, +6% yoy
€442mn normalized operating profit
€935mn net interest income, +58% yoy
€263mn net fee income (recurring), +16% yoy
€402mn operating expenses (recurring), -1% yoy
34% cost-to-core income ratio, down from 49% in H1.22
1.0% organic cost of risk
-€1.4bn NPE reduction yoy
233% liquidity coverage ratio
61% loan-to-deposit ratio