Strong performance was recorded by Eurobank in the first quarter of 2026, confirming the Group's dynamic organic development, despite the environment of increased geopolitical uncertainty and pressure from international developments in economic activity.
The bank presented significant funding support, an increase in managed capital and high profitability, while activities outside Greece continued to be a key pillar of the results, contributing almost half of the Group's adjusted net profits.
The adjusted net gains were formed in €351 million, increased by 0.7% on an annual basis, while total net profits amounted to €ECU 331 million Profit per share was formed in €0.09, with the return on equity instruments (ROTE) being 15.1%.
At the same time, the equity instruments per share increased by 6.7% on an annual basis and formed in €2.55.
Strong credit extension
Financing was increased organically by €1.1 billion in the first quarter of the year, recording an annual increase of 9.8%. Of that amount, €0.4 billion came from Greece and €0.7 billion from external activities.
The total outstanding allocations were set at €57.1 billion of which €37.7 billion in Greece, €9 billion in Cyprus and €9.3 billion in Bulgaria.
At portfolio level, business loans amounted to €35.2 billion, housing in €13.1 billion and consumers in €5 billion
Eurobank's management points out that in Greece credit expansion stemmed mainly from increased financing of business investments, and housing credit shows gradually signs of recovery.
Revenue from procurement and capital management
The net interest income increased by 4% on an annual basis and was set at €664 million, despite the ECB's reduction in interest rates. The net interest rate margin declined to 246 basis points from 253 basis points a year ago.
It was important to strengthen net revenue from fees and commissions, which increased by 19.9% and rose to €This performance is mainly attributed to lending operations, property management and insurance activities after the acquisition of EPB insurance subsidiaries in Cyprus.
Organic revenue increased by 7.4% to €A total of ECU 866 million, while total revenue was increased by 6.1% to €ECU 877 million
Customer funds under management increased by 25.9% annually and amounted to €10.2 billion, while the active and passive clients private banking was formed in €14.1 billion
Strong capital base and low NPEs
The quality of the portfolio remained strong, with the NPEs index becoming 2.6%. The coverage of NPEs from cumulative forecasts was 94.1%.
The risk-weighted exposure amounts to be reported shall be reported in column 060. €ECU 76 million, accounting for 55 basis points on instruments.
Capital adequacy was maintained at high levels, with the total capital adequacy ratio (CAD) being 20.4% and the CET1 ratio at 15.4%.
The €108 billion
The Group's total assets amounted to €108 billion at 31 March 2026, of which €62.3 billion relate to Greece, €28.7 billion in Cyprus and €14 billion in Bulgaria.
Customer deposits formed in €The Commission has decided to extend the aid granted to the steel industry in the form of a global loan of ECU 82.4 billion. €0.2 billion compared to the end of 2025. The loan-to-deposit ratio was 67.6%, while the liquidity coverage ratio was 165.3%.
Fokion Karavia's statement
"Despite geopolitical challenges, Eurobank continues its organic development and achieving high performance. In the first quarter of 2026, the credit expansion remained strong in all the countries we are active, with lending increasing in €1.1 billion or 10% on an annual basis. In Greece, loans to businesses rose significantly by financing investments, while housing faith shows signs of gradual recovery. At the same time, the funds under management were strengthened by 26% on an annual basis. Profit per share was made to 9 cents, with activities outside Greece contributing about half of the Group's profits.
Eurobank recorded these performances, despite turbulence due to developments in the Gulf region. Although any precise forecast is difficult at present, estimates for GDP have already been revised lower. However, our region is expected to continue to grow at rates higher than the euro area average.
At this time, the prudent fiscal policy with which Greece and Cyprus enter the international crisis is an important advantage, allowing support measures to be provided for vulnerable households and businesses.
Overall, the performance of the first quarter confirms the dynamics of our revenue and our ability to achieve strong organic growth. Therefore, without underestimating international developments and their impact on growth rates, we remain on track to achieve our targets for 2026′′.
See results in detail right, in column Related Files
