A man walks past a Piraeus Bank branch in Athens, Greece, January 17, 2022. REUTERS
ATHENS, March 5 – Piraeus Bank, Greece’s third-largest lender by market value, on Thursday said it expects to double its dividend per share from 0.40 euros ($0.4636) in 2025 to 0.80 euros by 2030.
“The total increase in shareholder value – tangible book value plus dividends – will increase by 13% annually in the five year period,” Piraeus said in a press release publishing its 2026-2030 strategic plan.
The bank earlier this month announced net earnings of 1.07 billion euros for 2025 compared with 1.06 billion euros in 2024.
Piraeus also expects its performing loans to rise from 37 billion euros last year to 56 billion euros by 2030, boosted by strong demand among corporate and retail borrowers.
It targets an average cost-to-income ratio of approximately 30% between 2026 and 2030.
($1 = 0.8628 euros)
Reporting by Lefteris Papadimas; Editing by Louise Heavens and Kevin Buckland
