Attica Bank SA

TATT

Equity

ISIN GRS001003052 / Valor 139193242

Athens Exchange S.A. Cash Market (2026-04-07)

EUR 1.00+2.24%

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

Recurring profitability (PPI)

Proforma recurring PPI for FY24 was €48.8m, more than triple year‑on‑year on the adjusted basis; Q4 2024 set a record proforma recurring PPI of €18.8m (group recurring PPI €43.9m and Q4 group PPI €16.6m).

Net interest income and revenue mix

Group NII rose to €106.7m (+44% YoY). On a proforma/like‑for‑like alignment with the acquired bank NII grew ~26% YoY. Fee & commission income reached €19.0m (+112% YoY). Total recurring operating income (group) was €142.3m (+53% YoY).

Loan growth and new disbursements

Loan disbursements in 2024 were €2.286bn (SMEs 47%, Corporate 29%, structured finance 13%, shipping 6%). Net credit expansion (proforma) was ≈€952m (~€1.0bn) in 12M 2024, supporting the bank’s market share recovery strategy.

Deposits and liquidity

Group deposits reached €6.1bn (up ~39% YoY), with retail/individual deposits at 69% of the mix. Liquidity metrics are strong: LCR ~301% and NSFR ~147%, and the bank holds a significant securities book (excess liquidity placed in sovereigns).

Asset quality

NPE ratio lowered to 2.8% following the rapid clean‑up and securitisation actions; NPE coverage stands at c.47.8% post‑HAPS. Management highlights the conclusion of the NPE clean‑up as a major achievement in FY24.

Capital position

CET1 ratio was reported at 11.9% (clean of deferred tax credits), supported by the recapitalisation actions completed during the transformation; raised capital in the last 24 months totals ~€1.3bn (including the New Bank recap €735m).

Reported loss and one‑offs

Reported profit/(loss) before taxes for the group was ‑€367.6m for FY24; this reflects one‑off accounting impacts (HAPS securitisation), substantial provisions and merger‑related restructuring/project costs. Underlying recurring PPI and core metrics remained positive.

Transformation and ownership

The legal merger (completed Aug–Sep 2024) created the 5th largest bank in Greece. Strategic investor Thrivest controls ~55% and the HFSF ~36.2%; integration and systems consolidation are ongoing into 2025, with management targeting further profitability improvements and return metrics over the medium term.

Summarized from source with an LLMView Source

Key figures

47.4%1Y

%3Y

%5Y

Performance

42.4%1Y

91.8%3Y

91.8%5Y

Volatility