Corporate profile

Piraeus Bank’s main targets are:

a) enhancement and diversification of revenue sources and operational efficiency to generate sustainable profitability,

b) expansion of lending to support the country’s economic recovery,

c) optimization of return on capital and reward to shareholders, with a growing distribution pay-out ratio in line with European banks’ average levels.

Piraeus’ first half 2025 financial results demonstrate significant progress against the full year targets. In the first six months, Piraeus achieved solid performance, generating 15% return over tangible equity, and €5.90 book value per share, up 8% in the past 12 months. The top line exhibited resilience, on the back of strong loan growth.

Strong portfolio

Piraeus’s disbursed €6.3bn new loans in the Greek economy since the beginning of the year, marking its best first half performance on record. Large corporates received €3.5bn, while €2.4bn were directed to SMEs and small businesses and €0.4bn to Greek households. The loan portfolio increased by 15% year on year, reaching €36bn, surpassing the end-2025 target ahead of schedule; thus, Piraeus raised its full year performing loans target to more than €36.5bn.

Creating value

Piraeus’s continues to focus on creating value for clients, who entrust it with the largest client asset base in Greece: €63bn deposits and €13bn assets under management; the latter already surpassed the full-year target of above €12bn, thus today Piraeus is upgrading its aspiration to above €13.5bn assets under management for end-2025.

Strong capital position and shareholder reward

Piraeus continues to strengthen its financial position, increasing its total capital ratio to 20.4% in June 2025, incorporating 50% distribution reserve out of 2025 profit. The shareholders were paid in June a cash dividend of €30c per share for 2024 results. Based on the first half 2025 performance, Piraeus has announced that it intends to proceed with an interim distribution to its shareholders out of 2025 profit, amounting to €100mn in the form of share buyback, to be executed during fourth quarter 2025, subject to the necessary supervisory and EGM approvals.

Recent developments

Piraeus is proud to have recently been recognized as Greece’s Best Performing Bank in The Banker’s 2025 Top 1000 World Banks rankings and Europe’s Best Bank for Corporate Responsibility by Euromoney. Both distinctions fuel Piraeus’s team to do more for the client base in Greece, delivering service and innovative products to communities across the country.