¢ Market Comment
Energy stocks as well as the banking sector, enjoyed a rebound on Wednesday, market ended at the high end of intraday range albeit on a somewhat reduced turnover.
General index closed at 2,283.73 points, adding 1.09% to Tuesday’s 2,259.13 points. The large-cap FTSE-25 index expanded 1.21%, ending at 5,814.81 points. After three sessions of decline, the banks index advanced 2.12%, with Alpha rising 3.11%, Piraeus grabbing 3.05%, Optima collecting 2.19%, National improving 1.79%, Eurobank climbing 1.44% and Bank of Cyprus augmenting 1.08%. Metlen jumped 5.25% and OTE earned 2.22%. In total 65 stocks secured gains, 49 endured losses and 12 remained unchanged. Turnover amounted to €306.9 million, down from Tuesday’s €402.1mn.
Heavy index weighted groups are set to release updates on their FY25 financial performance and near-term outlook, including OTE, Piraeus Bank, Eurobank, and Helleniq Energy today, followed by National Bank and Alpha Bank on Friday, among others. Amid this heavy flow of corporate announcements, the MSCI rebalancing will take place during Friday’s closing auctions. As a result, we expect market activity to be driven by earnings releases, with investors remaining selective and MSCI constituents dominating trading volumes.
¢ In the Spotlight
Greece/Tourism: Tourism receipts in Greece are projected to grow by at least 5% in 2026, supported by strong forward bookings and continued momentum from last year’s record performance, with Germany expected to generate nearly €4bn, the UK €3.9bn, the US €1.78bn, and France and Italy around €1.36bn each, while new markets such as India—now connected via direct flights—are seen adding medium term upside to the sector’s revenue base.
Greece/Inflation: Greece’s annual inflation rate was revised upward to 2.9% in January, according to final figures released by the European Union’s statistics agency, Eurostat. The updated reading is slightly higher than the initial estimate of 2.8%. On a monthly basis, however, consumer prices in Greece declined by 0.7%, compared with a preliminary estimate of a 0.8% drop. Across the eurozone, annual inflation stood at 1.7% in January 2026, down from 2.0% in December. One year earlier, the rate was 2.5%. In the wider European Union, annual inflation came in at 2.0% in January, compared with 2.3% the previous month. In January 2025, the rate was 2.8%.
Greece/Public Finances: Greece posted a €3.5bn primary surplus in January 2026, far above the €1.75bn target, but the outperformance was partly driven by timing shifts in payments and revenues, according to the Finance Ministry. Net budget revenues reached €6.14bn, only slightly above target, while underlying tax revenues actually missed expectations by €324m once the one off €306mn VAT effect from the Egnatia motorway concession is excluded. Weaker than expected VAT and excise duties on energy products drove the shortfall. Expenditures were €1.7bn below target, mainly due to delayed transfers to social security funds and other entities, contributing to the strong headline surplus.
Qualco: The company and Engineering International Belgium secured a five‑year, €32.2mn contract with the European Parliament’s DG ITEC to provide comprehensive testing and quality‑assurance services for the Parliament’s digital systems, as well as for several other EU institutions, including the Ombudsman, the European Court of Auditors and the Committee of the Regions. The agreement covers technical consulting, system integration testing, security assessments, accessibility checks, and support for mobile, cloud and hybrid environments, aiming to enhance the performance, security, resilience and user experience of EU digital infrastructure. Qualco highlighted the award as a strong endorsement of its ICT capabilities and its commitment—together with ENG Group—to supporting the EU’s mission with robust digital solutions.
Jumbo: The company announced that, following its 15.12.2025 decision to merge with its wholly owned subsidiary HERALD Greece 2, all documents required under Article 11(1)(a–c) of Law 4601/2019 are now available at the headquarters of both entities in Moschato–Tavros as of 24.02.2026.
ElvalHalcor: FY2025 results on 3 March, analyst briefing on 4 March, publication of the Annual Financial Report on 30 March, and the AGM on 11 May. The company also set the dividend ex‑date for 22 June, record date for 23 June, and payment start on 26 June, subject to AGM approval. Additional milestones include Q1 results on 20 May, H1 results on 3 August, 9M results on 18 November.
Fourlis (financial calendar): FY:26 results on March 31.
Capital Clean Energy Carriers Corp.: As of today, the 250,000 common registered bonds of the company start trading on the Bonds Segment of the Regulated Market of ATHEX, following the issue of a Common Corporate Bond Loan, non-convertible to shares, with issue date 25/02/2026, 7-years duration, par value & issue price of €1,000 per bond, fixed annual interest rate of 3.75%.
PPC: The company used the ZF Power Summit in Bucharest to outline its Romanian renewables strategy, noting that PPC Renewables Romania has already doubled its installed capacity to 1.5 GW and is targeting 2 GW by end 2026, supported by a pipeline of RES projects at various construction stages, including the flagship Vaslui wind farm. The group positioned Romania as a core growth market within its regional expansion plan, highlighting accelerating investment, project maturation and the strengthening of its local development platform.
CrediaBank: HSBC Malta reported €109mn in pre tax profit for 2025, marking its third consecutive year above €100mn, despite lower interest rates and reduced credit loss releases, while maintaining exceptional balance sheet strength with a capital ratio above 27% and liquidity coverage over 500%. Deposits rose to a record €6.5bn, retail lending grew 10%, and assets under management increased 28%, supported by strong customer activity and ongoing digital upgrades. The bank, recently named Bank of the Year Malta 2025, is awaiting regulatory approval for its 70.03% acquisition by CrediaBank, which is preparing integration plans aimed at creating a significantly larger regional banking platform.
Domikis Kritis: The company announced the signing of a new four-year maintenance contract—through a 50/50 joint venture with AMC AE—with Athens International Airport for the project “Maintenance Services Lot 5 – Pavements”, valued at €2.14mn with an additional two year option worth €849k. The scope covers preventive maintenance of critical airport infrastructure, including runways, taxiways, aprons, road networks, bridges, markings, fencing and gates, as well as corrective works compensated under agreed terms.
Alumil: Reportedly the group secured a €13.75 million loan from the EBRD ( guaranteed by the parent company) to finance the expansion of the production capacity of Alumiil Misr for Trading and Industry, the Egyptian subsidiary of ALUMIL. The loan is structured in three tranches with the following characteristics: the first two tranches, with a combined amount of €10.75 million, will finance the construction and operation of a new aluminum extrusion line, the acquisition of related equipment, as well as the refinancing of capital expenditures. The third tranche, amounting to €3 million, will be allocated to working capital. The loan will be repaid over five years, including a one-year grace period.
HelleniQ Energy (Q4/FY:25): Helleniq Energy is set to announce its FY2025 results today after market close, followed by a conference call. A favourable refining environment, uninterrupted operations and higher throughput are expected to drive a strong Q4:25 performance, with FY:25 adjusted EBITDA exceeding the €1.1bn threshold at €1.127bn, while adjusted net income is estimated at €482.8m. In details:
- 4Q25 group adjusted EBITDA is expected to reach €361m, compared with €273m in 4Q24 (+32.2% y-o-y), while adjusted group net income is forecast at €178m, up 52% y-o-y from €117m.
- A refining margin of c.$20/bbl is estimated to contribute approximately €325m to adjusted EBITDA, with domestic and international marketing adding a further €26m.
- The Green Utility segment is likely to face headwinds in its RES operations due to curtailments and lower load factors; however, the consolidation of the supply arm Enerwave should provide partial support. Overall, the RES & Energy segment is expected to post quarterly EBITDA of €14m, down 46% y-o-y.
- Petrochemicals margins remain weak, with the segment projected to record a €1m loss.
- Oil prices are expected to result in an inventory loss of c.€89m, while FX losses should further weigh on reported profitability, leaving reported 4Q25 net income at €110m.
- Total gross dividend is expected to reach €0.65 per share, including an interim dividend of €0.20, implying a yield of approximately 7% at current share price levels.
- Key discussion points are likely to include the refining outlook (with the Aspropyrgos refinery scheduled for a two-month turnaround in February–March 2026), the Chevron / Helleniq exploration agreement, restart of pipe operation (OKTA 2.5m tn p.a) in North Macedonia and updated business targets for FY2026.
- Helleniq energy trades 5.4x EV/EBITDA and 10.4x FY:25 earnings.
The following table summarize Q4/FY:24 consensus estimates:
|
HelleniQ Energy |
2024 |
2025 |
Y-o-Y |
2024 |
2025 |
Y-o-Y |
|
EUR mn. |
FY |
FY Est. |
(%) |
4Q |
4Q Est. |
(%) |
|
Refining Volumes (MTx1000) |
16,281 |
15,616 |
-4.1% |
4,128 |
4,270 |
3.4% |
|
Marketing Volumes (MTx1000) |
6,029 |
6,311 |
4.7% |
1,451 |
1,488 |
2.5% |
|
Petchems Volumes (MTx1000) |
261 |
261 |
0.0% |
62 |
58 |
-3.2% |
|
Power Volume Generated (GWh) – RES |
695 |
1,360 |
95.7% |
169 |
165 |
-2.4% |
|
Sales |
12,768 |
11,818 |
-7.4% |
3,024 |
3,340 |
10.4% |
|
Refining Supply & Trading |
795.0 |
886.0 |
11.4% |
232 |
325 |
40.1% |
|
Petchem |
53.0 |
21.0 |
-60.4% |
2 |
-1 |
-150.0% |
|
Domestic Marketing |
49.0 |
97.0 |
98.0% |
-2 |
10 |
600.0% |
|
International Marketing |
72.0 |
63.0 |
-12.5% |
15 |
16 |
6.7% |
|
RES |
62.0 |
69.0 |
11.3% |
26 |
14 |
-46.2% |
|
Other |
6.0 |
-8.0 |
-233.3% |
15 |
-3 |
-120.0% |
|
Adjusted EBITDA |
1,026 |
1,127 |
9.8% |
273 |
361 |
32.2% |
|
EBITDA |
811 |
823 |
1.5% |
189 |
272 |
43.9% |
|
Adjusted Net Income |
403.0 |
482.8 |
19.8% |
117 |
178 |
52.0% |
|
Net Income |
59 |
240 |
307.1% |
48 |
110 |
129.6% |
CC Details: Thursday, February 26, 2026 at 18:00 GR-Time
§ GR: + 30 213 009 6000
§ USA: + 1 516 447 5632
§ UK & INTL: + 44 (0) 203 059 5872
§ Web: https://87399.choruscall.eu/links/helleniqenergy260226.html
OTE (FY:25 results preview): OTE will release its Q4:25 & FY:25 financial results (IFRS) today, before the opening of the Athens Exchange. The company’s management will host a conference call on tomorrow, February 26, 2026 at 13:00 (GREECE) / 12:00 (CONTINENT) / 11:00 (UK) /06:00 (EASTERN US) to discuss the results. Details of the CC are provided below. Consensus expects a strong Q4 finish aided by the deconsolidation of TKRM in Romania in Q4:25 and the vanish of losses generated there from the business. In more details:
- FY:25 sales are seen down 2.9% at €3.485bn compared to €3.591bn last year as the sale of TKRM will vapor c.€250mn of sales on the consolidated level
- Adjusted (AL) EBITDA is seen up 2.7% to €1.384bn compared to €1.347bn in Q4:24 with the respective margin up by 219bps to 39.7% vs 37.5% a year earlier assisted by the improvement of TKRM deconsolidation.
- EBIT is forecasted to settle at €768mn compared to €668.4mn in FY:24, a 12.3% yoy rise.
- Net income Adjusted is expected to settle 5% higher on a yearly basis to €630.571m vs €600.8mn in FY:24.
- On top of the already €0.10/ share gross interim dividend distributed in December 2025 (all the proceeds resulting from the sale of TKRM were handed back to shareholders), market expects a remaining €0.71/share gross dividend for 2025 totaling €0.81/share (gross) total shareholders’ remuneration for 2025 (DY: 4.7%).
- Regarding 2025 provided guidance, updated following the disposal of TKRM, OTE currently expects FY:25 FCF of €530mn (vs €450mn before TKRM disposal), CAPEX at €600mn (vs initial guidance of €610-€620mn), focusing on the expansion of its Fiber-To-The-Home (FTTH) infrastructure and the coverage of its 5G Stand Alone (SA) network to support Fixed Wireless Access (FWA) service and EBITDA (AL) growth in Greece at 2% fueled by solid performance in remaining businesses (mobile, broadband and TV) alongside effective cost management in operations.
- On shareholders’ remuneration out of the €451mn guided in early 2025 (with FY:24 results announcement), €298mn were directed to cash dividend (FY:24 €0.722/share), already paid in July 2025, with another €153 committed on share buybacks (and cancellation after) with approximately €25mn remaining unallocated as of Q3:25 results announcement. OTE, as mentioned above, already completed an extraordinary one-off dividend distribution of €40mn related to the proceeds from the Sale of TKRM (€0.10/share gross).
- Stock currently trading at FY:26 PE of 12.13x and FTY:25 EV/EBITDA 5.5x and DY at 4.6%.
The following table summarizes consensus estimates:
|
ΟΤΕ |
2024 |
2025 |
Y-o-Y |
|
EUR thous. |
FY |
FY Est. |
(%) |
|
Sales |
3,590,800 |
3,485,000 |
-2.9% |
|
EBITDA adj. |
1,347,300 |
1,384,000 |
2.7% |
|
EBITDA adj. Mrg |
37.5% |
39.7% |
+219 bps |
|
Net Income adj. |
600,800 |
630,571 |
5.0% |
|
Net adj. Mrg |
16.7% |
18.1% |
+136 bps |
CC Details: Thursday, February 26, 2026 at 13:00 (GREECE) / 12:00 (CONTINENT) / 11:00 (UK) /06:00 (EASTERN US)
§ GR: + 30 210 9460 800
§ USA: + 1 516 447 5632
§ UK & INTL: + 44 (0) 203 059 5872
§ Web: https://87399.themediaframe.eu/links/otegroup260226.html
Piraeus (Q4/FY:25 Results preview): Piraeus Bank opens the floor for systemic banking peers group results announcements today before the opening while a conference call will follow the same day at 14:00 GR-Time. Management outlined a strong finish to the year ahead of the CMD scheduled for March 5th in London. While loan growth trends decelerated compared to previous quarters due to late-year repayments, the bank met its full-year net credit expansion target of >€3.5bn, marking a historic turn as retail net credit became positive for the first time in 15 years driven by mortgages. The majority of this credit expansion was funded by client deposits, which finished the year higher than expected, alongside good trends in AUM and mutual funds and stable asset quality. In terms of P&L, NII was flattish for the quarter, signaling the lowest point is behind, while fee income grew strongly (>10% QoQ) supported by insurance, investment banking, the large Egnatia Odos ticket, and the first-time one-month incorporation of Ethniki Insurance. OpEx is estimated at c.€900mn for the year, burdened by one-offs including c.€10-15mn for VES, Ethniki integration costs, and costs related to the commercial launch of Snappi (c.€20-25mn for the full year). Finally, impairments reflect a top-up in post-model adjustments due to the government legislation on CHF loans and the conversion of step-up products into fixed-term loans. Management reaffirmed all key guidance: 15% RoTBV, €0.80 reported EPS, and ~13% CET1 post-incorporation.
We are highlighting a strong fee momentum especially as Ethniki Insurance starts contributing; fee income will approach close to 28% of the revenue base. The acquisition is expected to contribute +100bps in ROTE and +10-15% in EPS (EPS at €0.90 for 2026; €1 for 2027 and €1.2 for 2028). Lastly, we are noting that Snappi neobank even though at an early stage is acting strategically positive and has reached the first milestone set of 50k users by year end. More on Piraeus updated business plan on Capital Markets Day event scheduled on March 5.
The following table summarize our estimates:
|
Piraeus Bank |
Act. |
Est. |
Overview |
||||
|
(In Million Euro) |
4Q24 |
FY24 |
3Q25 |
4Q25 |
FY25 |
QoQ |
YoY |
|
NII |
513.5 |
2,088.2 |
471.0 |
476.7 |
1,902.2 |
1.2% |
-8.9% |
|
Fee income |
141.9 |
622.1 |
164.0 |
180.4 |
669.7 |
10.0% |
7.6% |
|
Trading |
28.5 |
65.2 |
19.0 |
15.0 |
100.0 |
-21.1% |
53.4% |
|
Other Income |
46.0 |
-19.2 |
-5.0 |
2.0 |
-12.4 |
140.0% |
35.5% |
|
Total income |
730.0 |
2,756.3 |
649.0 |
674.1 |
2,659.5 |
3.9% |
-3.5% |
|
Operating costs |
-264.0 |
-876.9 |
-211.0 |
-253.2 |
-900.0 |
+20.0% |
-2.6% |
|
Pre-provision-profits |
466.0 |
1,879.5 |
438.0 |
420.9 |
1,759.5 |
-3.9% |
-6.4% |
|
Core PPI |
391.5 |
1,833.4 |
424.0 |
403.9 |
1,671.8 |
-4.8% |
-8.8% |
|
Provisions |
-127.0 |
-279.7 |
-68.0 |
-65.0 |
-262.0 |
4.4% |
6.3% |
|
Other results |
-113.0 |
-163.8 |
-19.0 |
-15.0 |
-52.3 |
21.1% |
68.1% |
|
PBT |
226.0 |
1,436.0 |
351.0 |
340.9 |
1,445.2 |
-2.9% |
0.6% |
|
Corporate taxes |
42.5 |
369.9 |
92.0 |
88.6 |
378.0 |
-3.7% |
2.2% |
|
Net profit (continued) |
183.5 |
1,066.1 |
259.0 |
252.2 |
1,067.2 |
-2.6% |
0.1% |
|
Discontinued operations |
0.0 |
1.0 |
0.0 |
0.0 |
0.0 |
|
|
|
Net profit |
183.5 |
1,067.1 |
259.0 |
252.2 |
1,067.2 |
-2.6% |
0.0% |
|
Minorities |
0.0 |
1.0 |
-2.0 |
-2.0 |
-7.6 |
0.0% |
|
|
Attributable net profit |
183.5 |
1,066.1 |
261.0 |
254.2 |
1,074.8 |
-2.6% |
0.8% |
Conference call details:
§ Greece: +30 210 94 60 800 or +30 213 009 6000
§ UK: +44 (0) 800 368 1063
§ UK & Intl: +44 (0) 203 059 5872
§ USA: +1 516 447 5632
§ Web: https://87399.choruscall.eu/links/piraeusbank260226.html
Eurobank (Q4/FY:25 Results preview): Eurobank will release their FY25 results today after market closing followed by the analyst’s conference call at 18:00 GR-Time. Eurobank is expected to close Q4 2025 on a strong note, with the credit expansion target of €4bn comfortably achievable. Net interest income is forecast at €644.5mn for the quarter, in line with the €2.5bn full-year guidance and slightly above Q2 and Q3 levels. Fee income is projected at €198.5mn, also in line with the €750mn annual target, supported by a good quarter. Total income is seen at €862.1mn (+2.1% q-o-q), while operating costs are expected to rise to €332.1mn (+5% q-o-q), making Q4 the highest-expense quarter due to seasonality and consistent with the revised €1.26bn full-year guidance. Loan impairments are forecasted at €78mn, implying a Cost of Risk (CoR) around 60bps, in line with guidance. Net profit is forecasted at €356.4mn (+4.1% q-o-q). ROTE is tracking close to 16%, and deposits also delivered a good quarter, reinforcing balance sheet strength. Loan growth remains the key driver, with Greece, Cyprus and Bulgaria all growing above Eurozone averages. NII is expected to stay resilient, as deposit beta remains low and rate-cut headwinds are already absorbed. Fees are accelerating, assisted by the integration of Hellenic Bank & CNP as well as Eurolife. Cost management is efficient and asset quality is improving further. The Eurolife acquisition is expected to contribute +5% in EPS and +100bps in ROTE.
In other news the Bank released updates on each financial calendar for 2026; the revised AGM date on 28 April and new entries include the dividend ex-date (11 May), record date (12 May) and payment start (15 May).
The below table summarizes our estimates:
|
Eurobank |
Act. |
Est. |
Overview |
||||
|
(In Million Euro) |
4Q24 |
FY24 |
3Q25 |
4Q25 |
FY25 |
QoQ |
YoY |
|
NII |
677.3 |
2,507.0 |
631.8 |
644.5 |
2,546.7 |
2.0% |
-4.8% |
|
Fee income |
215.3 |
665.8 |
192.8 |
198.5 |
755.8 |
3.0% |
-7.8% |
|
Trading |
8.2 |
106.3 |
5.7 |
11.0 |
69.1 |
94.5% |
34.9% |
|
Other Income |
-10.5 |
-37.1 |
14.2 |
8.0 |
-3.6 |
-43.5% |
176.1% |
|
Total income |
890.3 |
3,242.0 |
844.4 |
862.1 |
3,367.9 |
2.1% |
-3.2% |
|
Operating costs |
-317.2 |
-1,060.3 |
-316.3 |
-332.1 |
-1,262.5 |
+5.0% |
+4.7% |
|
Pre-provision-profits |
573.1 |
2,181.7 |
528.1 |
529.9 |
2,105.5 |
0.3% |
-7.5% |
|
Core PPI |
575.4 |
2,112.4 |
508.3 |
510.9 |
2,040.0 |
0.5% |
-11.2% |
|
Provisions |
-90.5 |
-319.4 |
-82.2 |
-78.0 |
-315.5 |
5.1% |
13.8% |
|
Other results |
-26.7 |
101.1 |
4.1 |
5.0 |
32.9 |
22.0% |
118.7% |
|
PBT |
455.9 |
1,963.3 |
450.0 |
456.9 |
1,822.8 |
1.5% |
0.2% |
|
Corporate taxes |
95.7 |
412.0 |
103.1 |
100.5 |
408.7 |
-2.5% |
5.0% |
|
Net profit (continued) |
360.2 |
1,551.3 |
347.0 |
356.4 |
1,414.1 |
2.7% |
-1.1% |
|
Discontinued operations |
-26.7 |
-47.6 |
-4.5 |
0.0 |
-39.0 |
|
|
|
Net profit |
333.5 |
1,503.8 |
342.4 |
356.4 |
1,375.2 |
4.1% |
6.9% |
|
Minorities |
20.5 |
56.0 |
0.0 |
0.0 |
0.0 |
|
|
|
Attributable net profit |
313.0 |
1,447.8 |
342.4 |
356.4 |
1,375.2 |
4.1% |
13.9% |
CC Details: Thursday, February 26, 2026 at 18:30 GR-Time
§ Greece: +30 213 009 6000 or +30 210 94 60 800
§ UK & Int: +44 (0) 203 059 5872
§ UK/TF: +44 (0) 800 368 1063
§ USA: +1 516 447 5632
Alpha Bank (Q4/FY:25 Results preview): Alpha Bank will announce its Q4:25 results on Friday, February 27th 2026 followed by a conference call the same day at 12:00 GR-Time. Alpha Bank’s Q4 performance reflects solid operational delivery and continued strategic execution across Greece and Cyprus, with visible contributions from recent acquisitions and a clear path toward FY25 targets. Management confirmed that the VES launched in mid‑January will be booked in Q1’26 rather than Q4’25, while the Q4 financial statements will include Astrobank and Axia figures (the latter only affecting capital and goodwill). The completion of the Cyprus insurance acquisitions is expected by year‑end 2026, with a 23bps CET1 uplift. Loan growth remained strong for the last quarter of 2025, with net credit expansion supported by a positive turn in household lending, continued consumer credit momentum, and an 11.3% y-o-y increase in corporate loans, alongside a late pickup in December volumes; individual lending was also positive in Q4, particularly mortgages, though absolute numbers remain small. Deposit flows were positive, asset quality showed no new developments, and the bank confirmed it has met its MREL target. In Q4, Alpha executed an €86mn buyback and paid an interim dividend of €111mn, offset by goodwill from Axia, while the €500mn 3.125% green senior preferred issued in October remains part of its funding stack. The Axia impact is primarily goodwill‑related, weighing on tangible book value. Implied Q4 NII exceeded €403mn, supported by two months of Astrobank contribution, while NFC surpassed €460mn, implying Q4 fees above €111mn. Costs for FY25 are guided at €870mn, with Q4 at €238mn due to seasonality. Provisions remain within guidance at 45bps (roughly €40–45mn per quarter), income from associates is expected at €30mn for the year, and FY25 net profit is guided at €900mn.
Loan growth has been robust in Greece and Cyprus and fees are rising across all segments (insurance, payments, wealth management and corporate). Costs are well contained and asset quality remains strong. AstroBank and Axia are estimated to contribute +6% in EPS and +75bps in ROTE.
The below table summarizes our estimates:
|
Alpha Bank |
Act. |
Est. |
Overview |
||||
|
(In Million Euro) |
4Q24 |
FY24 |
3Q25 |
4Q25 |
FY25 |
QoQ |
YoY |
|
NII |
405.7 |
1,645.1 |
402.2 |
414.2 |
1,611.1 |
3.0% |
-2.1% |
|
Fee income |
114.4 |
419.5 |
119.7 |
122.7 |
471.5 |
2.5% |
12.4% |
|
Trading |
43.5 |
112.4 |
-8.0 |
20.0 |
66.3 |
348.9% |
-41.0% |
|
Other Income |
13.9 |
46.3 |
9.5 |
15.0 |
56.3 |
57.5% |
21.7% |
|
Total income |
577.5 |
2,223.3 |
523.4 |
571.9 |
2,205.2 |
9.3% |
-0.8% |
|
Operating costs |
-238.9 |
-867.9 |
-213.9 |
-237.5 |
-869.2 |
+11.0% |
+0.2% |
|
Pre-provision-profits |
338.6 |
1,355.4 |
309.4 |
334.5 |
1,336.0 |
8.1% |
-1.4% |
|
Core PPI |
281.2 |
1,196.8 |
307.9 |
299.5 |
1,213.4 |
-2.8% |
1.4% |
|
Provisions |
-63.2 |
-230.7 |
-45.4 |
-46.3 |
-183.1 |
-2.0% |
20.6% |
|
Other results |
-5.1 |
-10.6 |
11.7 |
20.0 |
36.4 |
71.3% |
444.2% |
|
PBT |
270.3 |
1,114.1 |
275.7 |
308.1 |
1,189.3 |
11.8% |
6.7% |
|
Corporate taxes |
69.1 |
322.6 |
72.2 |
80.1 |
304.5 |
11.0% |
-5.6% |
|
Net profit (continued) |
201.2 |
791.5 |
203.5 |
228.0 |
884.8 |
12.1% |
11.8% |
|
Discontinued operations |
-36.3 |
-138.4 |
-16.8 |
-30.0 |
17.0 |
-78.5% |
112.3% |
|
Net profit |
164.9 |
653.0 |
186.7 |
198.0 |
901.8 |
6.1% |
38.1% |
|
Minorities |
0.4 |
0.6 |
0.0 |
0.0 |
0.0 |
|
|
|
Attributable net profit |
164.5 |
652.4 |
186.7 |
198.0 |
901.7 |
6.1% |
38.2% |
CC Details: Friday, February 27, 2026 at 12:00 GR-Time
- Greece: +30 211 180 2000 or +30 210 94 60 800
- UK & Intl: +44 (0) 203 059 5872
- UK/TF: +44 (0) 800 368 1063
- USA: +1 516 447 5632
- Web: https://hdg.choruscall.com/?h=true&passcode=91471311&info=company&r=true
¢ Buybacks
στο Google News και μάθετε πρώτοι όλες τις ειδήσεις
