Piraeus Bank 2025 net profit stable on strong loan expansion, fee income (updated)

Piraeus Bank SA

26/02/2026 08:43

Adds dividend payout in paragraph 4, more results in paragraph 5 and 7

Piraeus Bank 2025 net profit at 1.07 bln euros

Piraeus will distribute 55% of its 2025 profit to shareholders

Loan expansion up 11% to 37.3 bln euros

ATHENS, Feb 26 (Reuters) - Piraeus Bank BOPr.AT, Greece's third-largest lender by market value, reported marginally higher net earnings for 2025 on Thursday, after it increased its loan business and earned more from fees, helping to offset the impact of declining interest rates.

Piraeus' loan portfolio increased by 11% year-on-year to 37.3 billion euros, exceeding the annual target for 2025, Chief Executive Officer Christos Megalou said in a statement.

He announced a dividend payout to shareholders of 55% on its 2025 profit, or 0.40 per share, in addition to the interim distribution of 0.08 euros in the form of share buybacks.

Piraeus' shares rose by 1.3% on the Athens bourse, outperforming the Greek banking index .FTATBNK.

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.

Piraeus Bank's net interest income was 1.9 billion euros, 10% down year on year. Its exposure to non-performing loans and those that could become non-performing was 2.0% at the end of December, down from 2.6% a year earlier.

Its net earnings of 1.07 billion euros ($1.26 billion) in the full year 2025 compared with 1.06 billion euros in 2024.

Piraeus acquired Ethniki Insurance last year. As a result, it said its insurance activities and wealth management business had boosted net fees by 7.5% to 696 million euros.

($1 = 0.8465 euros)

(Reporting by Lefteris Papadimas; Editing by Alison Williams, Louise Heavens and Barbara Lewis)

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