Attica Bank SA
TATT
ISIN GRS001003052 / Valor 139193242
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: FinanceLatest Results (13.10.2025):
Attica Bank SA reported a robust financial performance for the first half of 2025, showcasing significant growth in core income, net credit expansion, and asset quality. The bank achieved substantial profitability improvements and demonstrated a strong liquidity profile, aligning well with its business plan targets.
Record Group Recurring Pre Provision Income
Group Recurring Pre Provision Income reached a new high of €38.9 million in H1 2025, marking a 124% year-over-year increase. This growth was driven by a strong core income base, resulting in Recurring Profit Before Tax rising to €27.6 million compared to €1.6 million in H1 2024.
Significant Net Interest Income Growth
Net Interest Income surged by 97% annually to €78.5 million, fueled by robust net credit expansion and increased bond portfolio balances. The bank's net credit expansion totaled €542 million in H1 2025, with Q2 2025 seeing an acceleration to €309 million from €233 million in Q1.
Robust New Disbursements
New Disbursements reached €1.59 billion in H1 2025, one of the strongest first-half performances in the bank's history. This achievement aligns with the annual target despite a competitive environment, with 49% of new loans granted to SMEs and individuals and 51% to large corporates.
Enhanced Net Commission Income
Net Commission Income saw a remarkable increase of 132% year-over-year, totaling €17.0 million. This growth was primarily driven by higher loan production, increased issuance of letters of guarantee, fund transfers, and expanded wealth management services.
Superior Liquidity and Asset Quality
The bank maintained a superior liquidity profile with Total Group Deposits growing by 9% quarter-over-quarter to €6.6 billion. The Non-Performing Exposure (NPE) ratio significantly improved to 2.9% in H1 2025 from 57.7% in H1 2024, reflecting enhanced asset quality and effective risk management.
Efficiency Gains and Cost Savings
Recurring operating income more than doubled to €111.1 million, increasing by 112% year-over-year. The recurring cost-to-income ratio improved by 180 basis points despite higher operating expenses due to the absorption of Pancreta Bank. Cost-saving measures post-merger have locked in annual synergies exceeding €14 million.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2791 M
Market cap (USD)
554,156
Daily traded volume (Shares)
0.672 / 0.666
1 day high/low (USD)
52 weeks high/low (USD)
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