Bank of Piraeus posts record €617 m profit in first half of 2026
The Bank of Piraeus announced a record net profit of €617 million for the first half of 2026, translating to a 16 % return on tangible equity. Earnings per share reached €0.47, putting the bank on track to meet its annual EPS target of €0.90.
Loan assets grew to €39 billion, with net credit expansion of €1.8 billion during the period. Customer deposits rose 9 % to €68.4 billion and assets under management increased 24 % to €16.3 billion, supported by net cash inflows of €1.0 billion.
The insurance subsidiary, National Insurance, contributed €47 million of pre‑tax profit, generated €424 million in gross written premiums (up 7 % YoY), and led a rise in service income to €251 million. The bank’s cost‑income ratio improved to 34 %, and it plans to raise its net interest income target to €2.0 billion for 2026.
Entities: Bank of Piraeus · Christos Megalou · National Insurance (Εθνική Ασφαλιστική) · Piraeus Bank
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 4 SOURCES] Earnings per share were €0.47 in the first half of 2026. (bank earnings release)
- [● 4 SOURCES] Service income rose to €251 million, driven primarily by National Insurance. (bank earnings release)
- [● 3 SOURCES] Assets under management grew to €16.3 billion, a 24 % annual increase. (bank earnings release)
- [● 6 SOURCES] National Insurance contributed €47 million pre‑tax profit and generated €424 million gross written premiums, up 7 % YoY. (bank earnings release)
- [● 4 SOURCES] Bank of Piraeus recorded net profit of €617 million in the first half of 2026. (bank earnings release)
- [● 4 SOURCES] The bank's return on tangible equity was 16 % in the first half of 2026. (bank earnings release)
- [● 3 SOURCES] Customer deposits amounted to €68.4 billion, up 9 % year‑on‑year. (bank earnings release)
- [● 3 SOURCES] Total loan portfolio reached €39 billion, with net credit expansion of €1.8 billion in the half-year. (bank earnings release)