Greece's Eurobank profits ease 4.9% but beats targets as loan, deposit growth surge (updated)

Eurobank SA

26/02/2026 16:47

Adds details in paragraph 3, CEO comment in paragraph 4, background in paragraph 5, dividend in paragraph 6, outlook in paragraph 7

Feb 26 (Reuters) - Eurobank EURBr.AT, Greece's largest lender by market value, posted a 4.9% drop in adjusted net profit for 2025 on Thursday but said loan expansion, rising customer deposits and operations outside Greece had helped it exceed its other targets.

The group reported adjusted net profit of 1.41 billion euros  ($1.66 billion) for 2025, down from 1.48 billion a year earlier.

Eurobank said organic loan growth reached 5.3 billion euros in 2025, while deposits rose by 4.1 billion across the year.

Chief Executive Fokion Karavias said 2025 marked a year of "remarkable organic growth" across loans, deposits and assets under management, and highlighted the impact of recent acquisitions, including Greece-based Eurolife.

The net interest income of Greek banks has fallen as interest rates in the euro zone have declined, prompting them to try and diversify income sources by expanding wealth management and insurance businesses.

The Athens-listed group proposes a 55% payout ratio for 2025, including an 0.118 euro per share cash dividend and a 288 million euros share buyback, subject to regulatory and shareholder approval.

Looking ahead, Eurobank set targets for 2026–2028 that include raising return on tangible book value to around 17% by 2028, delivering annual earnings per share growth of about 10% and increasing cumulative shareholder payouts by roughly 50% compared with 2023-2025. The lender also expects loan expansion of about 7.5% annually and double‑digit growth in wealth management assets.

($1 = 0.8476 euros)

 (Reporting by Antonis Pothitos; Editing by Alison Williams and Philippa Fletcher)

 ((antonis.pothitos@thomsonreuters.com; +48 58 769 65 78;))