---
title: "Piraeus Bank S.A.: First Quarter 2026 Financial Results | BPIRF Stock News"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284729882.md"
description: "Piraeus Bank S.A. reported strong Q1 2026 financial results, with loans at €38.6bn and a net credit expansion of €1.3bn. Client deposits rose to €64.9bn, and assets under management increased by 17% to €14.7bn. The bank achieved a solid profitability of €281mn, translating to a 15% return on tangible book value. Earnings per share reached €0.21, with a cash distribution of €494mn planned for shareholders. The CET1 ratio stood at 12.6%, indicating robust capital buffers amid strong loan growth."
datetime: "2026-04-30T00:56:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284729882.md)
  - [en](https://longbridge.com/en/news/284729882.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284729882.md)
---

# Piraeus Bank S.A.: First Quarter 2026 Financial Results | BPIRF Stock News

ATHENS, Greece--(BUSINESS WIRE)--Piraeus Bank S.A. (ATHEX: TPEIR) (OTCQX: BPIRY) (OTCQX: BPIRF) Q1 2026 highlights

**Strong loan expansion and client assets growth**

-   Loans at €38.6bn, with €1.3bn net credit expansion in Q1, supported by all business lending segments
-   Mortgage lending recovery continues, with €30mn net credit expansion in Q1; €185mn mortgage disbursements, up 95% yoy
-   Client deposits shaped at €64.9bn, +6% yoy
-   Client assets under management (AuM) up by 17% yoy, at €14.7bn, with €0.5bn net inflows in Q1

**Sustainable profits and shareholder returns**

-   Solid profitability of €281mn, which translates to 15% normalized return on tangible book value, in line with 2026 target of c.15%
-   €0.21 earnings per share, on track to meet the €90c full year EPS target
-   Tangible book value per share at €6.11, +3% qoq; combined with dividends paid, shareholder value creation +6.5% yoy
-   Core revenues at €692mn, +8% yoy, with strong loan volume and fee growth offsetting lower rates and spreads
-   Revenues from services rose to €210mn, at 32% yoy; revenues over assets at market leading 0.94%
-   Cost-to-income ratio at 37%, confirming cost discipline despite temporary impact from trading book volatility
-   Cash distribution of €494mn out of 2025 net profits approved at the AGM, planned to be paid to Piraeus shareholders on 15 Jun.26, subject to regulatory consent

**Balance sheet management to sustain growth and low risk profile**

-   Controlled organic cost of risk at 32bps
-   NPE ratio at 2.1% vs. 2.6% a year ago and NPE coverage at 70% vs. 64%, respectively
-   Optimizing loan-to-deposit ratio to 68% through market leading credit growth
-   Solid liquidity coverage ratio at 191%, with unutilized capacity to improve further

**Capital ratios with comfortable buffers**

-   CET1 ratio at 12.6% absorbing robust loan growth, the 57% distribution accrual for 2026, and accelerated DTC amortization; total capital ratio at 18.5% with c.260bps buffer, above 2026 overall capital requirement including P2G

View source version on businesswire.com: https://www.businesswire.com/news/home/20260430127524/en/

PressOffice@piraeusbank.gr

Source: Piraeus Bank S.A.

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