ATHENS, Feb 26 (Reuters) - Piraeus Bank, Greece's third-largest lender by market value, on Thursday reported marginally higher net earnings for 2025 on strong loan expansion and fee income. The bank
Piraeus Bank 2025 Profit Flat as Loan Growth, Fee Income Help
Full-Year 2025 Results Overview
ATHENS, Feb 26 (Reuters) - Piraeus Bank, Greece's third-largest lender by market value, on Thursday reported marginally higher net earnings for 2025 on strong loan expansion and fee income.
Net Earnings and Performance
The bank reported net earnings of 1.07 billion euros ($1.26 billion) in the full year 2025, compared with 1.06 billion euros in 2024.
CEO Commentary
Loan Portfolio and Credit Expansion
Piraeus' loan portfolio increased by 11% year on year to 37.3 billion euros, exceeding the annual target for 2025, Chief Executive Officer Christos Megalou said in a statement.
Asset Quality and NPE Ratio
Net Interest Income and Fees
The bank's net interest income was 1.9 billion euros, 10% down year on year. Non-performing exposure ratio was 2.0% at the end of December, down from 2.6% a year earlier.
Impact of Lower Euro Zone Rates
Greek banks have seen their net interest income fall due to the decline in interest rates in the euro zone, prompting them to try and diversify income sources by expanding wealth management and insurance businesses.
Exchange Rate Note
($1 = 0.8465 euros)
(Reporting by Lefteris Papadimas; Editing by Alison Williams and Louise Heavens)
