Optima Bank Reports Robust Financial Results

Macro/Political:

• Greek Prime Minister Kyriakos Mitsotakis expressed his belief on Tuesday that the resumption of seabed surveys for the GSI, the electricity interconnector linking Greece and Cyprus, would proceed without any disruptions. Mitsotakis also sought to address criticism from opposition parties that the diplomatic note sent by the French company undertaking the project to Greece, Cyprus, Egypt and Turkey amounted to seeking Ankara’s permission, stressing that “only Greece and Cyprus have granted permission” for the French research vessel to operate in the area.
  Source: Kathimerini

• Greece issued a counter-NAVTEX shortly after midnight, declaring the Turkish NAVTEX concerning the French research vessel Abeille Marengo null and void. The Hellenic Hydrographic Service stated that a significant part of the survey area falls within Greece’s Exclusive Economic Zone (EEZ) and continental shelf, while stressing that the Heraklion station has exclusive authority to issue NAVTEX notices within its area of responsibility. It also confirmed that the original Greek NAVTEX remains in force. Earlier, Greek Foreign Ministry sources described the Turkish NAVTEX as “without significance”, noting that Greece and Cyprus were the only countries to which requests for permission to conduct operations had been submitted and that both had issued the relevant permits. The Abeille Marengo departed from Heraklion, Crete, to begin seabed surveys for the Greece–Cyprus electricity interconnector.
  Source: Kathimerini

Markets:

• Optima Bank’s net profit in 3Q26 stood at EUR 60.8mn compared to EUR 56.8mn in 2Q26. 9M26 reported net profit stood at EUR 165.1mn compared to 123.4mn in 9M25. The Bank’s NPE ratio stood at 1.62%. Total Capital ratio and CET1 ratio (pro forma) stood at 17.29% and 12.02% respectively.
  Optima Bank’s CEO, Mr Dimitris Kyparissis, stated that the Bank continued its strong growth trajectory during the first nine months of 2026, delivering robust financial performance, supported by strong loan growth and significant deposit inflows. Gross loans increased by 38% (y-o-y) to EUR 6.1bn, following EUR 3.1bn in new loan disbursements, while customer deposits rose by 32% (y-o-y) to EUR 7.5bn. He also highlighted the Bank’s continued commitment to financing Greek businesses and supporting economic growth, while maintaining strong asset quality and liquidity, with the NPE ratio at 1.62%, the LCR at 153.1% and the NSFR at 130.0%. Looking ahead, he expressed confidence in the Bank’s prospects, noting that the momentum of its core business, the continued expansion of its customer base and the resilience of the Greek economy provide a solid foundation for sustainable and profitable growth.
  Source: Euronext Athens

• PPC announced the completion of the transaction for the integration of a RES project portfolio in Hungary, following the strategic agreement signed on August 7, 2026, for the acquisition of ABO Energy’s subsidiaries in Poland and Hungary, which comprise a total RES project portfolio of over 2GW.
  Source: Euronext Athens