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. (OTCQX: BPIRF; ATHEX: TPEIR) uses regular news releases to update investors on its banking operations, capital markets activity, strategic initiatives and recognition in external rankings. The news flow centers on the performance of its subsidiary Piraeus Bank S.A., highlighting developments in lending, deposits, assets under management, capital ratios and risk metrics.
On this page, readers can follow announcements on quarterly, half‑year and nine‑month financial results, where Piraeus reports net profit, earnings per share, return over tangible book value, net revenues, cost‑to‑core‑income ratio, non‑performing exposures ratio, cost of risk and liquidity indicators. These updates provide insight into the group’s profitability, efficiency, asset quality and capital strength over time.
News items also cover capital markets transactions, including Green Senior Preferred Bonds and Additional Tier 1 instruments, with details on coupon, maturity, investor demand, order book size and credit spreads. Piraeus explains how these issuances support its MREL position, optimize its capital stack and fund eligible green assets under its Green Bond Framework.
Investors can also track strategic and corporate developments such as the acquisition of Ethniki Insurance and the partnership with Qualco S.A. to build a digital mortgage solutions platform, as well as rating actions like Fitch’s upgrade to investment grade and recognition in The Banker’s Top 1000 World Banks rankings. Monitoring these news releases helps readers understand how Piraeus is expanding its franchise, enhancing digital capabilities, pursuing sustainability objectives and managing its balance sheet.
By reviewing the news feed for BPIRF, market participants gain a consolidated view of Piraeus’ financial performance, funding strategy, risk profile and key strategic moves as disclosed in its official announcements.
Piraeus Financial Holdings (OTCQX:BPIRF) reported strong 9M 2025 results with €854mn normalized net profit and a 15% return on tangible book value. Loans reached €36.8bn, +€3.1bn in 9M, prompting a revised 2025 loan target of >€37.3bn. Client AuM rose to €14.3bn (+30% YoY) and deposits were €63.9bn.
Operating metrics include 34% cost-to-core-income, Q3 net revenues of €648mn, net fee income of €489mn (25% of net revenue), tangible book value per share €6.09 (+7% YoY) and 9M EPS €0.62. Capital and liquidity: pro forma CET1 14.6%, total capital ratio 20.6%, LCR 217% and loans-to-deposits 67%.
Piraeus Financial Holdings (OTCQX:BPIRF) announced on 27 October 2025 that Fitch Ratings upgraded the company and its subsidiary Piraeus Bank to an investment grade rating of BBB- with a stable outlook. Fitch raised the bank's senior preferred debt one notch to BBB- from BB+ and moved the company's subordinated Tier 2 debt to BB from BB-. Fitch highlighted Piraeus' strong market position in Greece, sustainable long-term business model, solid earnings improvement, successful derisking and restructuring, and increased digitalization as key drivers of the upgrade.
Fitch also noted that the anticipated acquisition of Ethniki Insurance is expected to materially strengthen Piraeus' franchise and further diversify revenue. The upgrade gives Piraeus investment-grade status from three of the four major rating agencies.
Piraeus Financial Holdings (OTCQX: BPIRF) has reported strong financial results for H1 2025, demonstrating robust growth across key metrics. The bank achieved a 15% return over tangible book value and earnings per share of €0.43, maintaining a trajectory toward their full-year target of €0.80.
Notable achievements include loan book growth to €36bn (up 15% YoY), client assets under management reaching €13.2bn (up 27% YoY), and deposits of €63bn (up 5% YoY). The bank maintains strong asset quality with a 2.6% NPE ratio and 67.5% NPE coverage.
Piraeus plans to distribute €100mn through share buybacks in Q4 2025, subject to approvals, with an aspiration for total distribution exceeding €500mn from 2025 profits. The bank's capital position remains strong with a total capital ratio of 20.4%.
Piraeus Bank (OTCQX:BPIRY) has been named Greece's Best Performing Bank in The Banker's 2025 Top 1000 World Banks rankings, published by the Financial Times. The bank secured the top position in Greece for overall performance, operational efficiency, and risk-adjusted return.
The bank demonstrated strong financial performance in 2024, achieving €1.1 billion in net profit and a 15% return on tangible book value. Piraeus grew its performing loan book by an industry-leading 12% to €35 billion, while assets under management increased by over 20% to exceed €12 billion.
Piraeus Financial Holdings (OTCQX:BPIRY) has successfully priced a €400 million Additional Tier 1 (AT1) Perpetual Contingent Temporary Write-Down Notes offering. The notes carry a 6.750% coupon, paid semi-annually, and are callable from December 30, 2030. The offering, rated B1 by Moody's, was highly successful with over €3 billion in orders (7.5x oversubscribed) and attracted approximately 230 institutional investors.
The final yield of 6.75% came in 50bps below initial guidance, demonstrating strong investor confidence. The notes will strengthen the Group's total capital adequacy ratio to 20.6% (proforma Mar.25). International investors accounted for 90% of allocations, with major demand from UK & Ireland (37%), France (21%), and the DACH region (12%).
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.