Feb 26 (Reuters) - Eurobank, Greece's largest lender by market value, posted a 4.9% drop in adjusted net profit for 2025 on Thursday but said loan expansion, rising customer deposits and operations
Greece’s Eurobank profit slips 4.9% but beats targets on loan, deposit surge
Eurobank 2025 Performance and Outlook
Feb 26 (Reuters) - Eurobank, Greece's largest lender by market value, posted a 4.9% drop in adjusted net profit for 2025 on Thursday but said loan expansion, rising customer deposits and operations outside Greece had helped it exceed its other targets.
Adjusted Net Profit and Targets
The group reported adjusted net profit of 1.41 billion euros ($1.66 billion) for 2025, down from 1.48 billion a year earlier.
Loan and Deposit Expansion
Eurobank said organic loan growth reached 5.3 billion euros in 2025, while deposits rose by 4.1 billion across the year.
Recent Acquisitions and AUM Growth
Chief Executive Fokion Karavias said 2025 marked a year of "remarkable organic growth" across loans, deposits and assets under management, and highlighted the impact of recent acquisitions, including Greece-based Eurolife.
Diversifying Beyond Net Interest Income
The net interest income of Greek banks has fallen as interest rates in the euro zone have declined, prompting them to try and diversify income sources by expanding wealth management and insurance businesses.
Shareholder Returns: Dividend and Buyback
The Athens-listed group proposes a 55% payout ratio for 2025, including an 0.118 euro per share cash dividend and a 288 million euros share buyback, subject to regulatory and shareholder approval.
Higher Cumulative Distributions
Annual EPS Growth About 10%
RoTBV around 17% by 2028
2026–2028 Strategic Goals
Looking ahead, Eurobank set targets for 2026–2028 that include raising return on tangible book value to around 17% by 2028, delivering annual earnings per share growth of about 10% and increasing cumulative shareholder payouts by roughly 50% compared with 2023-2025. The lender also expects loan expansion of about 7.5% annually and double‑digit growth in wealth management assets.
FX rate used: $1 = 0.8476 euros
($1 = 0.8476 euros)
(Reporting by Antonis Pothitos; Editing by Alison Williams and Philippa Fletcher)
