Piraeus Financial Holdings Societe Anonyme
TPEIR
ISIN GRS014003032 / Valor 111141092
Piraeus Financial Holdings Societe Anonyme
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About company
Piraeus Financial Holdings S.A. is the Athens-based parent company of the Piraeus banking group, overseeing a universal financial-services platform that provides retail and corporate banking, SME lending, deposit-taking and payments, cash-management and trade-finance services, as well as capital markets, treasury and investment-banking capabilities. Through its subsidiaries the group also operates asset-management, leasing and factoring businesses and distributes insurance products, while managing both performing and non‑performing loan portfolios and the associated workout and recovery activities. As a holding company, Piraeus Financial Holdings coordinates capital allocation, risk management and strategic direction for the group’s operations in Greece and selected neighboring markets, and supports a multi-channel distribution mix that includes branches and digital banking.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (25.06.2026):
Piraeus Financial Holdings Societe Anonyme — Q1 2025: The group reported a strong start to 2025 with reported net profit of €284m (EPS €0.22) and RoaTBV of c.14.7%, driven by diversified fee income, robust loan growth and tight expense control. Net revenues rose to €649m (+10% YoY) while operating efficiency and asset quality improved, supporting capital buffers and a €373m cash dividend approved for payment on 10 June 2025.
Profitability
Reported net profit €284m in Q1.25; EPS €0.22 (adjusted for AT1 coupon). RoaTBV about 14.7%, with tangible book value per share at €6.01 (up 14% YoY).
Revenues and margin
Net revenues €649m (+10% YoY). Net interest income €481m (NIM 2.4%), down vs. prior year due to lower rates but management reconfirms 2025 NII guidance (~€1.9bn) as loan growth offsets yield compression.
Fees and diversification
Net fee income €160m (+10% YoY), representing 25% of net revenues (up 2pp QoQ), driven by financing fees, bancassurance and asset management.
Costs and efficiency
Operating expenses €224m in Q1.25 (cost-to-core-income 35%), impacted by frontloaded taxes and IT/digital investments but still among peer best-in-class efficiency levels.
Asset quality and cost of risk
NPE ratio remained low at 2.6% with NPE coverage 64%. Organic cost of risk hit a historic low of 35bps (underlying CoR ~14bps excluding securitization/service fees).
Loan growth and deposits
Performing loans ~€35bn (+16% YoY), with €1.1bn net growth in Q1.25 driven by business lending. Customer deposits €61.4bn (+5% YoY), stable liquidity and LCR 201%.
Wealth & client assets
Assets under management reached €12.5bn (+25% YoY), already above the full-year target (>€12bn), led by mutual funds (+39% YoY).
Capital and dividend
Pro forma CET1 14.4% (reported CET1 14.2% at Mar‑25) and pro forma total capital 19.5%. AGM approved a €373m cash dividend (to be paid 10 June 2025).
Strategic development
Piraeus signed a SPA to acquire 90.01% of Ethniki Insurance for €600m — expected to diversify revenue, lift fees and be EPS-accretive; transaction subject to regulatory approvals.
Liquidity & funding
Strong funding profile: LCR 201%, net loan-to-deposit ratio ~66%, and no TLTRO outstanding; management highlights a diversified, stable deposit base (mass retail ~51%).
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
13093 M
Market cap (USD)
2,701,290
Daily traded volume (Shares)
3.86 / 3.815
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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