Corporate profile
The Bank in numbers
March 2026
The leading bank in Greece by loan and deposit market share, and network presence.
The leading bank in Greece by loan and deposit market share, and network presence.
March 2026
Piraeus Bank
Piraeus Bank was founded in 1916. Today it represents the leading Bank in Greece in terms of customer loans and deposits. It maintains the largest distribution network in Greece and offers a vast array of financial products and services to 4.5 million active customers.
Commitment and objectives
Piraeus Bank’s main targets are:
a) enhancement and diversification of revenue sources and operational efficiency to generate sustainable profitability,
b) expansion of lending to support the country’s economic recovery,
c) c) optimization of return on capital and reward to shareholders, with a growing distribution pay-out ratio.
Strong results
Piraeus had a solid start to 2026, with the first quarter results confirming its good progress towards achieving its full year targets, generating 15% return over tangible equity with €6.1 tangible book value per share.
Strong portfolio
Piraeus loan book expanded by €1.3bn in Q1, reflecting strong demand across all business segments, while assets under management grew on the back of solid net inflows.
Creating value
Net interest income remained stable in the first quarter of the year, while revenues from services performed strongly, supported by asset management, bancassurance and the contribution of the Ethniki Insurance business. Fees now represent 32% of net revenues, underlining continued progress in revenue diversification. Piraeus’s disciplined approach to efficiency and risk management was reflected in a cost to income ratio of 37% and a controlled organic cost of risk of 32 basis points.
Strong capital position and shareholder reward
Total capital ratio stood at 18.5%, providing significant headroom above regulatory requirements. In line with Piraeus’s commitment to shareholder returns, the Annual General Meeting approved a cash distribution amounting to €494mn or €0.4 per share out of 2025 results, planned to be paid in June. For 2026, the distribution provision is projected at approximately 57% of profits, up from 55% in 2025.
Recent developments
Piraeus is also encouraged by the continued growth of Snappi, which has surpassed 100,000 customers, alongside ongoing investments in digital transformation and sustainability, including new fintech partnerships and green financing initiatives.
Piraeus has entered 2026 with strong momentum, clear capital trajectory and a resilient balance sheet, and remains focused to delivering its targets and creating sustainable value for its shareholders and customers.