Piraeus Bank (TPEIR GA) will announce Q4 ‘24/FY 2024 financial results and business plan 2025-2028 today, 24 February 2025 before the opening of the ATHEX with a conference call at 14:00 GR on the same day (dial-in details: +30 2109460800/GR, +44(0) 203 0595872/UK & Intl; +1 516 4475632/USA). The analyst consensus (median) for Q4 ’24 includes: a net profit of €161mn on a reported basis (€1.04bn in FY 2024) and €291mn normalized, excluding one-offs (€1.2bn in FY 2024); NII of €525mn (-1.0% q/q and -2.2% y/y); fees of €159mn (+2.0% q/q and +10.4% y/y); tangible equity of €7.24bn; ROTE normalized of 15.6%; NPE ratio of 2.8%; CET1 ratio of 14.7%; Total Capital ratio of 19.7%.
Piraeus Bank (TPEIR GA): Piraeus Financial Holdings S.A announced that the Board of Directors of the Company and of its 100% subsidiary under the name “Piraeus Bank S.A.”, in their meetings held on 20.02.2025, decided the commencement of the process for their merger through absorption of the Company by the Bank. In accordance with the same Board of Directors resolutions, March 31st 2025, has been determined as the Transformation Balance Sheet date of the Merger. Completion of the merger is subject to obtaining all necessary regulatory approvals and consents, including those by the competent supervisory authority and the Ministry of Development, as well as to all applicable corporate authorizations and approvals, including those by the General Meeting of Shareholders of both the Company and the Bank.