Eurobank's 9-month net profit down 9% on one-off costs (updated)

Eurobank SA

30/10/2025 16:48

Adds details throughout, CEO comment in paragraphs 4-5

ATHENS, Oct 30 (Reuters) - Eurobank EURBr.AT, Greece's largest lender by market value, on Thursday reported a 9% drop in nine-month net profit from a year earlier due to one-off costs and a lower net interest margin.

Net profit in the January-to-September period was 1.03 billion euros ($1.20 billion), reflecting a 58-million-euro negative goodwill from an insurance acquisition in Cyprus and a tighter interest margin on lower euro zone interest rates.

 The bank's net interest margin dropped to 2.49% from 2.81%.

 The overall results were better than expected, Chief Executive Fokion Karavias said in a statement.

 "On November 12, we are distributing an interim dividend of 4.7 cents per share and, for the year, the overall payout will be more than 50% of profits."

 Eurobank, which also operates in Bulgaria and Cyprus, said net interest income rose 4% year-on-year to 1.9 billion euros while its non-performing loan exposure (NPE) ratio dropped to 2.8% from 2.9% a year earlier.

 Net fees jumped 23.7% to 557 million euros, mainly boosted by network activities and its wealth management business.

($1 = 0.8575 euros)

 (Reporting by Lefteris Papadimas; Editing by Richard Chang)

 ((lefteris.papadimas@thomsonreuters.com; +30 6944 248134; Reuters Messaging: lefteris.papadimas.reuters.com@reuters.net/))