Piraeus Financial stock: Nine-month profit reaches EUR 893 million

Published on 11/09/2026 at 02:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Piraeus Financial stock stays in focus as management keeps 2026 targets on track. A December cash distribution remains subject to approval.

Nine-month results and payout outlook

Core operating profit rose year over year, supported by net interest income and broader service revenues.
Loan growth, deposits and capital ratios kept management on track for its 2026 targets.
A cash distribution and interim dividend remain subject to supervisory approval.

Piraeus Financial, GRS014003032, Illustration mit AI erstellt.

Piraeus Financial reported a net profit of EUR 893 million for the nine months ended September 30, 2026, as core operating profit rose 14 percent year over year to EUR 930 million. The results were released on October 30 and kept the Greek banking group on course for its full-year targets.

The figures come from Piraeus Group's official results presentation. Earnings per share after the AT1 coupon reached EUR 0.68, while normalized return on average tangible book value was 15.4 percent, broadly matching management's 2026 ambition.

Growth broadens beyond lending

Net interest income increased 7 percent year over year in the first nine months. Third-quarter net interest income accelerated to EUR 542 million, helped by higher reference rates and pricing discipline. Revenue from services climbed 39 percent to EUR 679 million, with insurance, asset management, investment banking and transaction banking contributing to the wider mix.

Performing loans reached EUR 39.6 billion after EUR 2.2 billion of net credit expansion during the period. Deposits rose 9 percent year over year to EUR 69.2 billion, while assets under management increased 19 percent to EUR 16.9 billion. The cost-to-income ratio was 33 percent and the non-performing exposure ratio declined to 2.0 percent.

Capital supports shareholder returns

Piraeus reported a CET1 ratio of 12.9 percent and a total capital ratio of 18.6 percent at September 30. Management said the bank remained on track to exceed its 2026 CET1 target of 13 percent and retained upside to its EUR 2.0 billion full-year net-interest-income ambition.

The group plans an interim cash dividend of about EUR 124 million from 2026 earnings in December, subject to supervisory approval. It is also accruing for a total cash distribution of EUR 650 million from 2026 earnings. The calendar on the investor-relations page lists December 21 as the ex-date for the extraordinary cash distribution and December 28 as the planned payment date.

Greek banking platform and peers

Piraeus Group operates a Greek banking platform spanning retail, small-business and corporate lending, payments, investment banking, asset management, insurance and digital banking. Its September presentation highlights a nationwide branch network, the Snappi digital-banking platform and the Ethniki Insurance business.

The same presentation benchmarks Piraeus against European banking peers including National Bank of Greece, Banco BPM and Bank of Ireland. It describes Piraeus as Greece's leading bank by several disclosed operating measures, while positioning its loan growth and return on tangible book value above broad European averages.