Strategic advantage in producing revenue from supplies that is expected to contribute decisively to its profitability Piraeus Bank In the following years, Piraeus gives the acquisition of National insurance After the green light that lit yesterday (12.8.2025) in the transaction the Competition Committee.
By collecting data from twenty companies (banks and insurance companies), as well as from the competent bodies, the Competition Committee ruled that the acquisition of Piraeus National Insurance does not change the competitive market conditions in a horizontal and/or vertical level and the concentration is unable to limit the competition.
Regarding the distribution of insurance products through banks, it is noted that Piraeus Bank maintains existing partnerships with other insurance companies and will not distribute national insurance products through its own store network.
Following the green light of the Competition Committee, Piraeus Bank awaits the BoG and SSM approvals, and has announced its intention to receive a Financial Conglomerate regime and to apply for Danish Compromise, that is, to consolidate the national insurance costing cost from its funds.
If the “Danish compromise” is accepted, the transaction will have an impact of 100 bases on the Piraeus CET1 Basic Supervisory Index, instead of 150 MB. in the event that is not achieved.
The acquisition of National Insurance is a move that gives value to shareholders of Piraeus Bank. According to analysts during the presentations of the results of the results of Piraeus Great, Piraeus Grand Managing Director, the transaction increases the profits per share by about 5% and the performance of the same -size tangible funds by about one percentage point.
At the same time, it will not change the dividend policy announced by the Bank’s administration for distributing 50% of the shareholders’ profits.
According to Piraeus Administration, after the transaction, the performance of the same equity, from about 13% (2026), 13.50% (2027) and 14% (2028), is raised to about 14%, 14.50% and 15% respectively. While earnings per share, from € 0.8, 0.9 and 1.1 euros for 2026, 2027 and 2028, are provided for € 0.9, 1.1 and 1.2 euros.
Including the case for an annual distribution of 50% of the profits of 2025 onwards, Proforma’s total capital position in Piraeus is estimated at about 18.5% for 2025, and is expected to reach about 19.5% by 2027 and about 20% by 2028.
The acquisition of National Insurance is expected to first reduce Piraeus CET1 to 13%, but an immediate recovery of more than 13% is expected throughout the period by 2028.