Attica Bank SA

TATT

Equity

ISIN GRS001003052 / Valor 139193242

Athens Exchange S.A. Cash Market (2026-07-10)

EUR 1.13+0.18%

Attica Bank SA
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About company

Attica Bank SA, established in 1924, is a financial institution based in Greece that primarily focuses on business financing, particularly supporting small and medium-sized enterprises (SMEs), while also catering to individual customers. The bank offers a comprehensive suite of financial services, including deposit accounts, investment products, insurance offerings, mutual funds, and brokerage services. The Attica Bank Group comprises the parent company along with a subsidiary and an affiliated company, all operating within Greece. Through its diverse range of services, Attica Bank aims to address the financial needs of both businesses and individual clients, leveraging its long-standing presence in the Greek banking sector.

Summarized from source with an LLMView SourceSector: Finance

Profitability

Recurring PPI reached a new high in Q4 2024 and 12M24: reported recurring PPI €43.9m (up ~101% YoY) and Q4 recurring PPI €16.6m (proforma Q4 €18.8m). Total recurring operating income rose to €142.3m for FY24, driven by all revenue lines.

Net interest income & fees

Net interest income (NII) for FY24 was €106.7m, up 44% YoY (proforma NII growth also strong). Net fee & commission income reached €19.0m, up 112% YoY—both contributed materially to recurring revenue growth.

Credit growth

Loan origination momentum was strong: gross disbursements ~€2.29bn in 2024 and net credit expansion c.€952m for the year (proforma ~€1.0bn), with heavy contributions from SMEs, corporate/project finance, structured finance and shipping.

Asset quality

NPE clean‑up is largely complete: NPE ratio stands at 2.8% after HAPS and securitisation actions, with NPE coverage ~47.8% post‑HAPS—a dramatic improvement from pre‑cleanup levels.

Capital & liquidity

CET1 capital reported at 11.9% (clean of deferred tax credits). Liquidity metrics are strong: LCR ~301% and NSFR ~147%, indicating a comfortable funding position.

Deposits & funding

Group deposits totaled €6.1bn (retail deposits ~69% of the mix). Deposits grew sharply (group deposits up c.39% year‑on‑year reported in the presentation) and core deposit share increased during 2024.

Balance sheet composition

Securities and excess liquidity are sizeable (securities book ~€1.7bn with a mix of Greek and other sovereigns; AMOC and FVOCI allocations noted). Client deposits remain the primary funding source.

One‑off impacts and reported PBT

Reported profit before tax was negative at -€367.6m for FY24, driven by one‑off losses related to HAPS securitisation, merger and restructuring/project costs; excluding those one‑offs the underlying operating trajectory is markedly improved.

Strategic / corporate milestones

The report highlights the successful legal merger (Aug 2024), large recapitalisations (~€1.3bn raised across transactions), onboarding of strategic investor Thrivest (c.55% control) and the full NPE clean‑up—setting the bank up for integration and targeted mid‑term returns.

Summarized from source with an LLMView Source

Key figures

23.5%1Y

%3Y

%5Y

Performance

49.5%1Y

86.1%3Y

86.1%5Y

Volatility