Positive was the performance of her Eurobank Holdings in the first half of 2025, with customized net profit stood at € 711 million in the six -month period, recording a 2.9% marginal decline on a annual basis, as announced today (31.7.2025).
Eurobank recorded an organic grant increase of 2.2 billion euros, while revising the targets of credit expansion.
In more detail:
- Net interest income increased on an annual basis by 12.2% to € 1,270 million. The net interest rate margin dropped by 32 basis points per month to 2.51%, reflecting the reduction of interest rates from the ECB (the average interest rate on the ECB’s acceptance of deposits decreased to 252 basis points in the first half of 2025, against 397 basis points in the first half).
- Net revenue from remuneration and supplies were raised by 28.9% against the 1st six months of 2024 and amounted to EUR 364 million, mainly due to revenue from network and property management and income from insurance activities after the acquisition of CNP Cyprus Insurance, and 72.
- As a result of the above, organic revenue increased on an annual basis by 15.6% to EUR 1,635 million and total revenue was raised by 13.8% compared to EUR 1,661 million.
- Operating costs increased by 6.7% in Greece and 34.3% at Group level (or 6% excluding Greek bank) to EUR 614 million. Cost – organic revenue and cost – total revenue indicators stood at 37.6% and 37% respectively in the first half of 2025.
- Pre -forecasting pre -forecasts increased by 6.6% annually to EUR 1,021 million, while total pre -forecasts increased by € 4.4% to EUR 1,047 million over the first semester.
- The predictions of precarious claims increased by 8.1% to EUR 155 million against the first semester of 2024 and corresponded to 60 basis points on average grants.
- As a result of the above, organic operating profits before tax increased on an annual basis by 6.3% to EUR 866 million.
- Customized net profits stood at € 711 million, down 2.9% annually. Total net profit decreased by 4.3% compared to EUR 691 million and including a voluntary exit cost of EUR 27 million to the Hellenic Bank and the negative goodwill of € 38 million from the acquisition of CNP Cyprus Insurance. Earnings per share and the return of tangible equity stood at EUR 0.19 and EUR 16.6% respectively.
- Abroad activities were profitable, with customized net profit reinforced by 34.7% annually to EUR 374 million in the first half of 2025 and contributing 52.6% to the Group’s profitability. In particular, customized net profits were raised in Cyprus by 42% compared to EUR 250 million in Cyprus and in Bulgaria increased by 10.6% on an annual basis to EUR 110 million.
- The Non -performing Openings Index (NPEs) stood at 2.8% and the NPEs covered by cumulative forecasts to 92.8% on June 30, 2025.
Eurobank Managing Director Fokion Karavia said: “The international economic environment is normalized, as the completion of trade negotiations between the US, the EU and other countries significantly reduces uncertainty. The Greek economy continues to ride over the eurozone, with growth rates that are expected to exceed 2% annually. The budgetary prudence and overruns for tax revenue has helped to show the greater declining debt to GDP in the EU. So, as Greek bonds are already negotiating lower than the respective Italian and at the same level as the Spanish. Million euros. Also positive is the growth potential in both our other main markets, Cyprus and Bulgaria, whose integration into the euro area is integrated, further enhancing its positive prospects.
In this context, our business model still performs. We are focusing on funding the real economy with an organic granting increase of 2.2 billion euros in the first half of 2025, and we revised the upward credit expansion targets we had set for this year. The profitability is in line with our expectations, with about half of it coming from the Group’s international activities. Particularly important is the contribution of Cyprus, where with the merger of the Hellenic Bank and Eurobank Cyprus and the acquisition of the insurance CNP we create the leading bank insurance organization in the country. Overall, Eurobank fully implements its design, achieving or exceeding the goals of the business plan we have presented. “