Μake us preferred on Google Eurobank will distribute an interim dividend of €0.0599 per share on November 26, totaling 214 million euros, following its strong performance in the first nine months of 2026.
As the bank announced on Thursday, the Group’s net profit for the period reached 1.161 billion euros, up 12.4% year on year, while adjusted net profit rose 14.3% to 1.209 billion euros.
According to Eurobank CEO Fokion Karavias, “the performance for the first nine months of 2026 demonstrates our ability to deliver steady organic growth and confirms our ability to meet or exceed our targets for the full year.”
He stressed that the bank continues to deliver strong results despite the severe energy and inflation crisis in Europe and market concerns about fiscal deficits and public debt.
Eurobank And Cyprus
In this environment, he noted that Greece and Cyprus stand out, with primary surpluses of 3.3% and 4% of GDP respectively and rapidly falling public debt, while the outlook for the Bulgarian economy is also positive.
Referring to the bank’s figures, Karavias pointed out that the loan portfolio grew 10.5% year on year, deposits rose 10.6% and assets under management increased 22.3%.
He also highlighted the strong contribution of the bank’s operations outside Greece, which account for almost half of the Group’s profits.
He made special reference to the acquisition of Eurolife, stressing that “the completion of the Eurolife acquisition provides additional growth momentum, particularly in insurance and wealth management.”
On shareholder returns, he said that “reflecting the momentum of our performance and prudent capital management, we will distribute an interim dividend of 5.99 cents per share on November 26.”
Key Figures
In the first nine months of 2026, earnings per share came to €0.31, while return on tangible equity reached 16.9%.
The contribution of operations outside Greece remained significant, with adjusted net profit of 555 million euros, or 45.9% of the Group’s total profits.
In Cyprus, adjusted net profit came to 356 million euros, down 3.9% year on year, while in Bulgaria it rose 9.2% to 182 million euros.
Eurobank’s total assets reached 114.2 billion euros as of September 30, 2026. Of these, 66.9 billion euros were in Greece, 29.4 billion euros in Cyprus and 14.8 billion euros in Bulgaria.
The Group’s main financial figures are as follows:
Organic Profitability
Net interest income rose 8.7% year on year to 2.068 billion euros.
In the third quarter of 2026, net interest income increased 5% quarter on quarter to 719 million euros, due to growth in interest-earning assets and higher European Central Bank rates.
The ECB’s average deposit facility rate stood at 229 basis points in the third quarter, compared with 204 basis points in the previous quarter.
Net fee and commission income rose 13% to 630 million euros, mainly thanks to income from lending, wealth management and insurance activities. This income was equal to 76 basis points of total assets.
Organic revenue rose 9.7% year on year to 2.698 billion euros, while total revenue increased 10.8% to 2.776 billion euros.
Organic pre-provision income grew 11.4% to 1.703 billion euros, while total pre-provision income rose 13.1% to 1.781 billion euros.
Finally, organic operating profit before tax increased 14.4% year on year to 1.478 billion euros.
Credit Expansion
Eurobank recorded organic loan growth of 3.8 billion euros in the first nine months of 2026, with its loan portfolio expanding 10.5% year on year.
Of the total credit expansion, 2 billion euros came from Greece and 1.8 billion euros from operations abroad.
As a result, total gross loans stood at 59.1 billion euros as of September 30, 2026. Of these, 38.6 billion euros were in Greece, 9.3 billion euros in Cyprus and 10.1 billion euros in Bulgaria.
At Group level, business loans totaled 37.1 billion euros, mortgages 13.1 billion euros and consumer loans 5.3 billion euros.
Deposits
Customer deposits rose by 4.7 billion euros since the start of the year and by 10.6% year on year, reaching 87.2 billion euros at the end of September.
Of the total, 48.5 billion euros were in Greece, 24.3 billion euros in Cyprus and 11.7 billion euros in Bulgaria.
The loan-to-deposit ratio stood at 66.4%, while the liquidity coverage ratio reached 174.4% as of September 30, 2026.
Assets Under Management
Customer assets under management grew 22.3% year on year to 11.4 billion euros as of September 30, 2026, an increase of 2.1 billion euros compared with the same period last year.
At the same time, private banking customer assets and liabilities rose 13.2% year on year to 15.9 billion euros.
Expenses And Credit Risk
Operating expenses rose 6.9% year on year to 995 million euros, with the cost-to-income ratio improving to 35.8% from 37.1% in the same period last year.
Loan loss provisions fell 5.5% to 224 million euros, equal to 53 basis points of average loans.
Asset Quality And Capital Adequacy
The non-performing exposure (NPE) ratio stood at 2.4% as of September 30, 2026, with coverage by cumulative provisions at 81.9%.
The Group’s capital adequacy remained high, with a total capital adequacy ratio (CAD) of 20.4% and a CET1 ratio of 15.5%.
Finally, tangible book value per share reached €2.65 as of September 30, 2026, up 7.7% year on year.
