National Bank of Greece S.A. Q3 2025 Earnings Recap

National Bank of Greece delivered robust Q3 2025 results with a profit after tax of EUR 1 billion, driven by strong loan growth and a solid capital position, positioning the bank for continued expansion.

Key Takeaways

• Loan portfolio expanded by 12% year-on-year, with a strong pipeline indicating potential for further growth.
• Cost-to-income ratio remains at the low end of European banks despite increased operational investments.
• CET1 ratio improved to 19%, enabling strategic flexibility and a sector-leading interim dividend of EUR 200 million.
• Credit quality remains strong with a cost of risk at 41 basis points, well below targets.
• Fee income continues to rise, bolstered by successful mutual fund distributions and corporate treasury product sales.