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Piraeus Financial Holdings: Nine Month 2025 Financial Results

1. Piraeus Financial Holdings reports €854mn net profit in 9M.25. 2. Company's RoaTBV stands at 15%, indicating strong profitability. 3. Client loans grew by 15%, reaching €37bn, boosting growth prospects. 4. Upcoming share buyback of €100mn indicates returning value to shareholders. 5. Solid capital ratios and operating efficiency showcase financial stability.

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FAQ

Why Bullish?

Piraeus Financial has shown substantial profit growth and client assets expansion, similar to past high performers. Such financial health can attract investors, leading to a positive impact on BPIRF value.

How important is it?

The significant profit and operational metrics are likely to attract investors and bolster BPIRF's stock price. The planned share buyback enhances investor sentiment.

Why Short Term?

Immediate financial performance improvements can affect BPIRF price quickly. Historical data shows similar developments often lead to swift market reactions.

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Piraeus Financial Holdings (ATHEX: TPEIR) (OTCQX:BPIRY) (OTCQX:BPIRF):

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251031996654/en/

€854mn net profit and 15% RoaTBV in 9M.25

Sustainable profitability

Operating efficiency

15%

normalized return

over tangible book value

34%

cost-to-core income

 

€0.62

earnings per share



 

2.3%

NIM

€2.0bn

net revenues

Capital generation

Solid asset quality

20.6%

total capital ratio

 

+65bps

YoY

2.5%

NPE ratio

49bps

Organic CoR

 

 

 

 

 

Performing book expansion

Client assets

€37bn

client loans

+15%

YoY

€64bn

deposits

€14bn

AuM

Q3 and 9M 2025 highlights

Outstanding loan expansion and client assets growth

  • Loans at €36.8bn, up €3.1bn in 9M; strong performance leads to revision of 2025 target to >€37.3bn
  • €9.5bn loans disbursed in the Greek economy in 9M, marking our best nine-month performance on record; credit expansion supported by all business lending segments
  • €45mn net credit expansion of mortgages in Q3, the first after 15 years
  • Client deposits at €63.9bn continue to post healthy growth, +2% qoq and +5% yoy
  • Client assets under management (AuM) up by 30% yoy, at €14.3bn, above the 2025 target of >€13.5bn

Sustainable profits and returns

  • Solid, normalized for one-offs, profitability of €854mn in 9M, or 15% return on tangible book value; €278mn normalized net profit in Q3, adjusting for the Bank's contribution to the state sponsored programme for school renovations
  • €0.62 earnings per share in 9M, on track to exceed the 2025 target of c.€0.80
  • Tangible book value per share at €6.09, up 7% yoy, with €0.30 cash dividend paid in Jun.25
  • Net revenues at €648mn in Q3, with fees rising by 5% yoy, and NII flat compared to Q2, reaching trough levels
  • Net fee income rose to €489mn in 9M, at 25% over net revenue, and at par with the upgraded 2025 target of c.€0.65bn; loans, asset management and bancassurance drive fee growth
  • Piraeus kickstarted the interim distribution out of 2025 profit, amounting to €100mn in the form of share buyback, to be completed during November 2025

Discipline in operating efficiency and balance sheet management

  • Best-in-class operating efficiency, with 34% cost-to-core-income ratio in 9M, while continuing to invest in our people, technology and business growth
  • Healthy balance sheet, with organic cost of risk at 0.5%, in line with the full year target. NPE ratio at 2.5% vs. 3.2% a year ago and NPE coverage at 71%
  • Superior liquidity profile with 67% loans-to-deposit ratio and liquidity coverage ratio at 217%

CET1 with comfortable buffers above management target

  • Pro forma CET1 ratio stood at 14.6% and total capital ratio at 20.6%, absorbing the 50% distribution accrual for 2025, robust loan growth and DTC amortization
  • Buffer of approximately 460bps above P2G (16.0%), or c.310bps including Ethniki Insurance
  • Aspiration for above €500mn total distribution out of 2025 profits

Group Investor Relations

4 Amerikis St., 105 64 Athens

Tel. : (+30 ) 210 3335818

Bloomberg: TPEIR GA | Reuters: BOPr.AT

ISIN: GRS014003032

investor_relations@piraeusholdings.gr

www.piraeusholdings.gr

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