Piraeus Financial Holdings S.A. Q2 2025 Earnings Recap

Piraeus Financial Holdings delivered robust first-half 2025 results, achieving a net profit of EUR 559 million, prompting an upgrade of its full-year guidance and an announcement of an interim dividend.

Key Takeaways

• Net profit increased to EUR 559 million, with earnings per share of EUR 0.43, positioning the company to potentially exceed its 2025 EPS guidance of EUR 0.80.
• Loan book grew by 15% year-on-year to EUR 36 billion, prompting an upward revision of the full-year loan target to over EUR 36.5 billion.
• Net fee income reached EUR 325 million, aligning with the upgraded target of EUR 650 million for 2025, supported by strong asset management and banking services.
• The bank's cost-to-core income ratio stood at 34%, among the best in Europe, reflecting strict cost discipline and efficiency.
• Asset quality remains solid with an NPE ratio of 2.6% and a cost of risk in line with the annual target at 51 basis points.