Greek Banks announced strong financial results.

Local Eye

May. 9, 2025

GREECE

Markets

• Eurobank’s net profit in 1Q25 stood at EUR 314.1mn compared to EUR 313mn in 4Q24(q-o-q) and EUR 287.2mn in 1Q24(y-o-y). The Bank’s NPE ratio remained stable at 2.9%. Total Capital ratio and CET1 ratio (pro forma) stood at 18.9% and 15.5%.
Source: ATHEX

• NBG’s net profit in 1Q25 stood at EUR 381mn compared to EUR 359mn in 4Q24(q-o-q), and EUR 379mn in 1Q24(y-o-y). The Bank’s NPE ratio remained stable at 2.6%. Total Capital ratio and CET1 ratio (pro forma) stood at 21.5% and 18.7%.
Source: ATHEX

• Alpha Bank’s normalised profit after tax in 1Q25 stood at EUR 239mn compared to EUR 196mn in 4Q24(q-o-q), and EUR 222mn in 1Q24(y-o-y). The Bank’s NPE ratio remained stable at 3.8%. Total Capital ratio and CET1 ratio (fully loaded) stood at 21.9% and 16.3%.
Source:ATHEX

CYPRUS

Macro Political

• The Consumer Price Index (CPI) in April 2025 increased by 0,06 points (m-o-m), reaching 117.31. Inflation in April 2025 stood at 0.2%.
Source: CyStat

Markets:

• Hellenic Bank’s net profit for 1Q25 stood at EUR 44.6mn compared to EUR 98.1mn in 4Q24(q-o-q) and EUR 93.3mn in 1Q24(y-o-y). The bank’s NPE ratio stood at 2.4% with NPE coverage and NPE overall coverage at 64% and at 151%, respectively. Total Capital ratio and CET1 ratio (pro forma) stood at 36.28% and 32.38%.
Source: Hellenic Bank