Welcome to our dedicated page for Piraeus Financial Holdings S.A. news (Ticker: BPIRF), a resource for investors and traders seeking the latest updates and insights on Piraeus Financial Holdings S.A. stock.
Piraeus Financial Holdings S.A. (BPIRF) operates as a diversified financial institution driving strategic growth through calculated acquisitions and capital optimization in Greece's dynamic market. This dedicated news hub provides stakeholders with timely updates on corporate developments essential for informed decision-making.
Investors and analysts will find comprehensive coverage of operational milestones including earnings disclosures, regulatory filings, and strategic partnership announcements. The curated collection serves as a centralized resource for tracking the company's progress in insurance sector expansion and balance sheet optimization initiatives.
Key content categories include financial performance reports, risk management updates, acquisition activity, and corporate governance developments. Each update is selected for its direct relevance to understanding the company's disciplined approach to capital allocation and market positioning.
Bookmark this page for streamlined access to verified information about Piraeus Financial Holdings' ongoing initiatives. Regular updates ensure you maintain current awareness of the institution's progress in strengthening its financial foundations and expanding its industry footprint.
Piraeus Bank has successfully priced a €500 million Green Senior Preferred Bond with a 3.5-year maturity and a yield of 3.140%. The bond, expected to receive a Baa2 investment grade rating from Moody's, attracted overwhelming investor interest with orders exceeding €3.7 billion (7.4x oversubscribed). The proceeds will finance eligible green assets under Piraeus' Green Bond Framework.
This marks Piraeus' third green bond issuance, making it the only Greek bank with three green issuances totaling €1.65 billion. The transaction achieved the tightest credit spread (115bps) for any Senior Preferred Bond in the Greek space in recent years. The bank's proforma MREL ratio now stands at 29.6%, providing over 200bps buffer above the June 2025 requirement of 27.45%.
Piraeus Financial Holdings (BPIRY) reported strong Q1 2025 financial results with solid profitability of €284 million and earnings per share of €0.22. The bank achieved a 14.7% return on tangible book value, positioning it well to meet or exceed full-year targets.
Key highlights include: net revenues of €649mn (+10% YoY), fee income growth of 10% YoY, performing loans at €35bn (+16% YoY), and client assets under management reaching €12.5bn (+25% YoY). The bank maintains strong capital ratios with a CET1 ratio of 14.4% and total capital ratio of 19.5%. A cash dividend of €373mn from 2024 profits will be paid to shareholders on June 10, 2025.
The bank demonstrated improved asset quality with NPE ratio decreasing to 2.6% from 3.5% YoY, and cost of risk dropping to 35bps from 51bps YoY. Operating efficiency remains strong with a 35% cost-to-core-income ratio.
Piraeus Financial Holdings (OTCQX: BPIRY) has announced its Board of Directors' proposal for a significant cash dividend distribution. The proposal, to be presented at the Annual General Meeting on April 14, 2025, includes a distribution of €373 million, equivalent to €0.298 per share.
The proposed distribution will be structured as a capital reduction, making it exempt from withholding tax. Key dates for shareholders include: ex-dividend date on May 26, 2025, record date on May 27, 2025, and payment date on May 30, 2025.
Piraeus Financial Holdings (BPIRY) reported strong financial results for FY2024, achieving a record net profit of €1.1bn, up 38% year-over-year, with earnings per share of €0.81. Net revenues reached €2.8bn, increasing 7% in 2024, with fees growing 16% year-over-year.
The bank demonstrated robust performance with a 17.5% normalized return on tangible book value and maintained strong capital ratios with a CET1 ratio of 14.7%. Performing loans grew 12% to €34bn, while deposits increased 6% to €63bn. The bank's NPE ratio improved to 2.6% from 3.5% year ago.
Looking ahead, Piraeus unveiled its Business Plan 2025-2028, targeting loan growth of ~8% per annum and sustainable reported profitability of ~€1.1bn annually until 2027, reaching €1.3bn in 2028. The bank plans €2bn in shareholder distributions over the four-year period and will invest €200mn in AI initiatives.
Piraeus Financial Holdings has entered exclusive discussions with CVC Capital Partners' Fund VII to acquire a 70% stake in Ethniki Insurance for €469mn. The acquisition is expected to diversify and strengthen Piraeus' revenue pool while delivering significant value to shareholders.
The proforma impact on Piraeus' capital position is estimated at approximately 150bps as of September 2024, maintaining a comfortable Pillar 2 Guidance buffer exceeding 200bps. Piraeus plans to pursue the Danish Compromise, which could reduce the capital effect to below 100bps.
Ethniki Insurance is Greece's leading composite insurer with a 14% market share, €0.8bn in Gross Written Premiums, €4bn total assets, and €0.4bn shareholders' equity as of 2023. The company reported adjusted profit before tax of approximately €100mn in 2023. Its network includes 130 Sales Network Offices with over 1.6k Corporate Network Insurance Agents and extensive collaboration with insurance agencies and brokers.
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