Strong Net Profit Growth
Piraeus Financial Holdings reported a net profit of EUR 284 million for Q1 2025, reflecting a 22% increase year-on-year.
Dividend Increase
The Annual General Meeting approved a cash dividend of EUR 373 million for 2024 results, or EUR 0.30 per share, up from EUR 0.06 last year.
Loan Book Expansion
The loan book expanded by EUR 5 billion over five quarters, a 16% year-on-year increase, reaching EUR 35 billion.
Asset Under Management Growth
Assets under management rose to EUR 12.5 billion in the first quarter, a 25% year-over-year increase, surpassing the 2025 target.
Ethniki Insurance Acquisition
Piraeus entered a share purchase agreement to acquire a 90% stake in Ethniki Insurance for EUR 600 million, expected to be accretive to EPS and return on tangible equity.
Strong Capital Ratios
CET1 ratio reached 14.4%, comfortably above the management target of 13%.