National Bank of Greece S.A.

Latest Results (27.09.2025):

National Bank of Greece S.A. reported solid financial results for the first half of 2025, reaffirming its full-year guidance. The bank maintained a stable profit after tax (PAT) of €0.7 billion, nearly unchanged from the first half of 2024. With strong profitability metrics and accelerated loan growth, NBG demonstrated resilience amidst a challenging interest rate environment.

Stable Profitability

The bank achieved a PAT of €0.7 billion for 1H25, remaining flat compared to 1H24. Earnings per share (EPS) stood at €1.432, and the return on tangible equity (RoTE) was 16.3%, both of which support the revised full-year 2025 guidance of approximately €1.4 billion PAT and a RoTE exceeding 15%.

Accelerated Loan Growth

Performing loans increased by 12% year-over-year to €34.4 billion, driven by accelerated net principal expansion of €1.5 billion year-to-date. This robust loan growth aligns with the revised full-year target of over €2.5 billion, reflecting strong demand in both retail and corporate segments.

Strong Asset Quality

The non-performing exposures (NPE) ratio remained solid at 2.5%, meeting the full-year target of below 2.5%. The coverage ratio (CoR) improved to 43 basis points, underscoring the bank’s commitment to maintaining high asset quality and providing a solid foundation for gradual normalization.

Robust Capital Position

National Bank of Greece S.A. strengthened its capital buffers with a Common Equity Tier 1 (CET1) ratio of 18.9% and a total capital ratio of 21.7%. These figures exceed regulatory requirements and provide strategic flexibility for future growth and value creation.

Enhanced Payout Policy

The bank increased its payout ratio to 60% for 1H25, up from 50% in FY24. NBG announced a target for a fourth-quarter interim dividend, subject to regulatory approvals, reflecting its confidence in sustained profitability and commitment to shareholder returns.

Transformation and Digital Innovation

NBG continues to advance its transformation program, including the upgrade of its Core Banking System expected in Q1 2026. The bank also enhanced its digital offerings, with over 3.2 million digital active users and significant progress in its "Next by NBG" mobile app, supporting long-term growth and improved customer experience.