Greece's Eurobank lifts 2026 outlook after first-half profit rise

Eurobank SA

30/07/2026 16:27

July 30 (Reuters) - Greek lender Eurobank EURBr.AT reported on Thursday a 9.2% rise in adjusted net profit for the first half of 2026, supported by double-digit loan growth, higher fee income and expanding assets under management, while saying it expects to exceed its full-year targets.
The bank posted adjusted net profit of €776 million ($893 million) in January-June, up from €711 million a year earlier, while earnings per share rose to €0.20.
Chief Executive Fokion Karavias said the bank now expects 2026 earnings per share growth to come in "well above 10%" and return on tangible book value to be close to 17%, versus previous guidance of 16%.
     
Net interest income in H1 up 6.1% year-on-year to €1.35 billion.
Net fee and commission income rose 13.5% to €414 million.
Loans grew organically by €2.7 billion, up 10.5% year-on-year.
Assets under management rose 29.2% year-on-year to €11.0 billion.
Non-performing exposure ratio improved to 2.5% from 2.8% a year earlier.
     
     
     
($1 = 0.8690 euros)

(Reporting by Antonis Pothitos; Editing by Kirsten Donovan)
((antonis.pothitos@thomsonreuters.com; +48 58 769 65 78;))