Published by Global Banking & Finance Review®
Posted on February 26, 2026
2 min readLast updated: April 2, 2026
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Piraeus Bank posted €1.07bn net profit for 2025, edging higher year on year. Loans grew 11% to €37.3bn and fees supported revenue, while NII fell 10% as rates dropped and NPEs declined to 2.0%.
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 reported net earnings of 1.07 billion euros ($1.26 billion) in the full year 2025, compared with 1.06 billion euros in 2024.
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.
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.
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.
($1 = 0.8465 euros)
(Reporting by Lefteris Papadimas; Editing by Alison Williams and Louise Heavens)
Piraeus Bank’s full‑year 2025 results show net profit broadly stable, supported by strong loan expansion and fee income despite lower net interest income.
The loan portfolio increased 11% to €37.3bn, surpassing targets, while the non‑performing exposure ratio improved to 2.0% from 2.6% a year earlier.
Net interest income fell 10% year on year due to lower interest rates in the eurozone, prompting a greater focus on fees, wealth management and insurance.
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