The distribution of intermediate dividend to shareholders in the fourth quarter of 2025 was announced by its CEO of National BankPavlos Mylonas, presenting the Bank’s first semester results to analysts. The intermediate dividend, he said, will be in cash and will amount to 1/3 of the total amount distributed to shareholders by the profits of 2025 (the use dividend will amount to 60% of net profits).
As the National Bank CEO told analysts, the powerful balance sheet, with high liquidity and capital reserves, provides strategy flexibility to the bank, while the profitability and performance of the first semester leads several basic performance indicators higher than the 2025 estimates.
Indicatively, the ROTE is already 16.3% against a target of over 13% for 2025 and has now been revised for the year at more than 15%.
The bank also upgrades the target for profits per share to about 1.4 euros from € 1.3 of the previous estimate in March (at 1.43 euros at the end of the first half, adjusted to high trading revenue), as well as the target to increase loans of more than € 2.5 billion this year and € 2,5 billion this year.
Focusing on the bank’s strong credit expansion, Mr Mylonas said that loan disbursements amounted to € 2.4 billion in the second quarter of 2025 against € 1.6 billion in the previous quarter, and stood at € 4 billion in the first half of the first 2025 euros. 2025: EUR 1.2 billion), which are strategically distributed in basic sectors of the Greek economy. These include energy, with emphasis on renewable energy, hotels, shipping, and transport.
The bank continues to actively support households and small businesses, with retail banking disbursements increasing by +9% annually to € 0.8 billion in the first half of 2025, contributing to the extension of the remaining retail loans of +$ +0.2%.
Asked if the National will form additional provisions for loans in Swiss francs and Step – up loans, he replied that the bank’s report on Swiss loans is very low and they are served smoothly, while with Step – Up programs it is over for 4 – 5 years.
Mr Mylonas referred to the high capital stocks, which is the main comparative advantage of the National Bank, saying that the CET1 index stood at 18.9%, increasing by approximately 60 pm. from the beginning of the year. As he said, the EIB has high capital buffers that give a unique strategy flexibility for organic growth, greater reward of shareholders (the goal is to distribute more than 60% of net profits) and the ability to lend value.
Regarding the reduction in net interest revenue by -9% on a year -long basis in the first half of 2025, it was reported that they were in accordance with expectations for 2025, due to ECB interest rates (-150 meters per year at the average quarterly Euribor rate). The National Administration said it awaits another interest rates, to 1.75%in September and said it awaiting further slight decline in net interest rates in quarter and stabilization in the fourth quarter.