Piraeus Financial Holdings S.A. Stock Price, News & Analysis

Piraeus Bank (OTC:BPIRF) priced a €500 million Green Senior Preferred Bond with a 3.375% coupon, 6-year maturity and issuer call after 5 years. Settlement is set for 2 December 2025 and listing on Luxembourg Euro MTF. The bond attracted over 120 institutional investors, peaked at >€2.0bn orders (>4.0x oversubscription) and priced at 98bps over mid-swap (guidance 125bps) with re-offer price 99.995%. Proceeds will finance/refinance eligible green assets under Piraeus’ Green Bond Framework and support the Bank’s MREL position. The bank holds an MSCI ESG AAA rating and has €2.15bn green bonds outstanding (≈€0.8bn allocated).

Piraeus (OTC:BPIRF) announced that MSCI upgraded its ESG Rating from AA to AAA on November 24, 2025, the highest MSCI sustainability score. This is the first time Piraeus reached AAA after progressing from BBB in late 2020 and positions the bank among global sustainability leaders and as the only Greek company at this level.

MSCI notes that 18% of the global rated universe hold an AAA score. The upgrade reflects improvements in sustainability reporting, alignment with the EU Corporate Sustainability Reporting Directive, and enhanced transparency on environmental, social, and governance practices—factors cited as increasingly relevant for institutional investors and capital allocation.

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 (BPIRY) has formed a strategic partnership with technology provider Qualco to develop a digital solutions platform focused on mortgage loans. The newly formed company will be controlled by Piraeus Bank with a 51% stake, while Qualco holds 49%. The Gen AI-powered platform aims to revolutionize the mortgage lending experience by providing an end-to-end digital journey, from application to disbursement. Key features include streamlined loan processes, accelerated time to cash, and optimized disbursement procedures. The platform will serve dual purposes: processing bank-originated loans and generating new loan opportunities. Future plans include integration with real estate platforms and other digital tools to expand market reach. Qualco, selected for its expertise in analytics-driven fintech solutions and AI capabilities, will maintain ongoing involvement in the platform's development and evolution.

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%.