Eurobank sees 2026 core operating profit about EUR1.9B

Eurobank sees 2026 core operating profit about EUR1.9B

Eurobank Projects EUR1.6 Billion Core Operating Profit for 2026

Eurobank Holdings, Greece’s largest bank, has reaffirmed its projection for core operating profit of EUR1.6 billion in 2026, reflecting sustained growth driven by expansion in Cyprus and Bulgaria and the full integration of Hellenic Bank. This represents an increase from the bank’s 2023 core operating profit of EUR1.47 billion, which rose 69.4% year-on-year.

The bank attributes its performance to a recovering Greek economy, high interest rates in the eurozone, and improved loan quality. Net interest income surged 47% annually to EUR2.17 billion in 2023, while non-performing loans declined to 3.5% of total exposure by year-end, down from 5.2% in 2022. Eurobank also plans to gradually increase its dividend payout ratio to 50% of profits by 2026, up from 25% in 2023.

Market analysts note that Greek banks have made significant progress in reducing legacy non-performing assets accumulated during the country’s decade-long financial crisis. Eurobank’s strategic focus on cost efficiency and geographic diversification has further strengthened its resilience.

While the bank previously reported a 2024 net interest income increase, its 2026 outlook emphasizes maintaining profitability amid potential shifts in monetary policy. Eurobank stated it aims to deliver "resilient returns to shareholders" even in a lower interest rate environment.

Investors will closely monitor the bank’s progress toward its 2026 targets, particularly as regional economic conditions and regulatory developments continue to evolve.