Piraeus Bank Sa ( (BPIRY) ) has released its Q2 earnings. Here is a breakdown of the information Piraeus Bank Sa presented to its investors.
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Piraeus Financial Holdings, a prominent player in the banking sector, is known for its comprehensive financial services, including loans, deposits, and asset management, primarily serving the Greek market. The company has been recognized for its innovative approach and commitment to sustainability.
In the first half of 2025, Piraeus Financial Holdings reported robust financial results, demonstrating strong growth in loans and client assets. The bank achieved a 15% return on tangible book value and maintained a solid capital position with a total capital ratio of 20.4%. The company’s net revenues reached €1.3 billion, with earnings per share at €0.43.
Key highlights from the earnings report include a significant increase in loans, which rose to €36 billion, marking a 15% year-on-year growth. The bank also disbursed €6.3 billion in new loans to the Greek economy, the highest first-half performance on record. Additionally, assets under management grew by 27% year-on-year, surpassing the full-year target. Piraeus also announced plans for an interim distribution of €100 million through a share buyback program.
Piraeus Bank maintained its focus on operational efficiency, achieving a cost-to-core-income ratio of 34%, one of the best among EU banks. The bank’s non-performing exposure ratio improved to 2.6%, with coverage increasing to 67%. The company’s liquidity profile remained strong, with deposits totaling €63 billion and a liquidity coverage ratio of 206%.
Looking ahead, Piraeus Financial Holdings aims to continue its growth trajectory, with upgraded targets for loans and assets under management by the end of 2025. The bank remains committed to enhancing its digital offerings and expanding its product suite to meet customer needs while maintaining a strong focus on sustainability and innovation.