TPEIRFinancial Services · Banks - Regional · ΧΑ
Piraeus Bank
€9.41
+0.31(+3.41%)
Close 26/10/2026 · end-of-day price, not real-time
Piraeus Bank (TPEIR) closed at €9.41 on 26/10/2026, +3.41% on the day. Market cap €11.6bn, P/E 10.9, dividend yield 4.25%.
Why it moved today
Piraeus Bank rose 3.41% as banks rebounded, with the banking index up 3.19% and support from international markets.
Source: businessdaily.gr · 26/10/2026
My view
Private · MENTOR takes it into account
+13.7%6M
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26/10/2026Close 9.41+3.41%Vol 3.9m+13.7% since start
Key statistics
FY2025 unless a figure says otherwise
Profile
At the 26 Oct close- Market value
- €11.6bn
- Shares outstandingOct 2026
- 1.2bn
- Total incomeFY2025
- €2.7bn
- Employees
- 7,778
- Free floatest.
- 0.0%
- Traded a day, 3-month average
- €55.5m
Bank
Jun 2026- CET1
- 12.8%
- NPE ratio
- 2.2%
- NPE cover
- 67.0%
- Net interest marginH1 2026
- 2.2%
- Cost to incomeH1 2026
- 34.0%
Valuation
FY2025- P/E
- 10.9×
- P/B
- 1.2×
- Dividend yield
- 4.3%
Returns
FY2025- ROE
- 12.2%
- ROA
- 1.2%
- ROE, 5-year averageFY2021–25
- 1.0%
- Tax rate
- 22.9%
Growth
- Revenue, last yearFY2025
- −1.6%
- EPS, last yearFY2025
- +0.0%
- Revenue, 3 yearsFY2022–25, a year
- +1.7%
- EPS, 3 yearsFY2022–25, a year
- +4.2%
Dividends
FY2025- Yield, last 12 months
- 4.3%
- Per share
- €0.300
- Payout
- 34.9%
- Years paid, last fiveFY2021–25
- 2
Withheld, and why
- Profile: Enterprise value · Valuation: EV/Sales, EV/EBITDA, P/FCF · Margins · Returns: ROCE, ROIC · Financial health · Dividends: Covered by free cash flow · a bank or an insurer is read on its capital and its loans: deposits and wholesale funding are its raw material, not its debt
Trading and risk
From our closes, dividends reinvested- Total return, 1 year
- +38.5%
- 3 years, a year
- +55.5%
- 5 years, a year
- +48.6%
- 10 years, a year
- −13.9%
- Volatility, 1 year
- 38.8%
- Beta to the General Index
- 1.84×
- Deepest fall, 1 year / 5 years
- −26.2% / −56.8%
- 52-week range
- €6.62–€10.97
est.worked out by us
Where the figures come from: the company's reports, reviewed by us · annual accounts filed in ESEF format · results announcements on the exchange · our own closing prices. No forecasts or target prices are stored.
Financial charts
From the stored figures: the reviewed dossier first, then the annual reports (ESEF) and results announcements
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Valuation
6 companies| Metric | TPEIR | Peer median | Peer range |
|---|---|---|---|
| P/E | 10.9 | 11.7 | 9.1 16.7 |
| P/B | 1.2 | 1.8 | 1.1 3.8 |
| Dividend yield | 4.3% | 2.7% | 0.0% 7.1% |
| Payout ratio | 34.9% | 40.2% | 12.2% 74.0% |
| ROE | 12.2% | 13.3% | 1.6% 24.9% |
| Revenue growth (last full year) | −1.6% | 1.4% | -4.9% 88.4% |
Grey band: the peers' range · tick: median · dot: TPEIR · Twelve Data · latest quarter 31/12/2025
Peers: Banks
Mkt capP/BROEDay
Piraeus BankTPEIR€11.6bn1.212.2%+3.4%
Not compared: TELL (central bank)
The company
AI-draftedPiraeus Bank is one of Greece's four systemic banks, with a 28% share of domestic deposits and 4.5 million active customers. It earns mainly on the spread between €68.4bn of deposits and €39bn of loans, and additionally from fees, asset management and insurance premiums after buying Ethniki Insurance. It operates almost entirely in Greece.
How it makes moneyH1 2026 · basis: other
It is
It is not
- No longer a holding company: Piraeus Financial Holdings was absorbed by the bank in December 2025 and delisted.6
- Not state-controlled: the HFSF sold its 27% in March 2024 and the only holder above 5% is Paulson with 14.18%.2,5
- No longer a bad-debt bank: the NPE ratio is 2.2%, down from 6.8% at end-2022.1,4
Recent developmentsAll company events →
- Sep 2026The revised calendar sets 28 December as the planned start of the extraordinary distribution, subject to approvals.10
- Sep 2026Ethniki Insurance priced €200m of Tier 2 and restricted Tier 1 capital instruments.9
- Aug 2026Piraeus priced a €500m senior preferred bond with a 4.00% coupon.8
- Aug 2026Payment of a €494m capital return out of 2025 profits began on 5 August 2026.7
- Dec 2025The reverse merger completed: Financial Holdings was absorbed and the bank's new shares started trading on 22 December.6
- Nov 2025Acquired 100% of Ethniki Insurance from CVC and National Bank of Greece for €624m.2
Key figures
Key facts
- 384 branches, 4.5 million active customers and 8,518 employees at the end of June 2026.1
- The only shareholder above 5% is Paulson & Co. with 14.18% at 31 December 2025.2
- Ethniki Insurance acquired for €624m in cash in November 2025.2
- 2026-2030 targets: about 18% return on tangible book value by 2030 and about €5bn of distributions.3
- Investment grade from every agency after S&P's upgrade to BBB- in July 2026.1
Sources
- 1.First Half 2026 Financial Results press releasePiraeus Bank · 29/07/2026official
- 2.Annual Financial Report 31 December 2025Piraeus Bank · 25/02/2026official
- 3.Strategic Plan 2026-2030 Capital Markets Day releasePiraeus Bank · 05/03/2026official
- 4.Full Year 2023 Financial Results press releasePiraeus Financial Holdings · 14/02/2024official
- 5.Annual Financial Report 31 December 2024Piraeus Financial Holdings · 27/02/2025official
- 6.Completion of the reverse merger and commencement of trading of the new sharesPiraeus Bank · 19/12/2025official
- 7.Updated 2026 financial calendar and capital-return payment datePiraeus Bank · 05/08/2026official
- 8.Piraeus prices €500m senior preferred bondPiraeus Bank · 28/08/2026official
- 9.Ethniki Insurance €200m Tier 2 and restricted Tier 1 pricingPiraeus Bank · 03/09/2026official
- 10.Revised 2026 financial calendarPiraeus Bank · 18/09/2026official
AI-drafted from the cited sources · 30/09/2026 · v4 · ✓ checked by an independent second modelPiraeus Bank S.A.Website ↗
AskedSuggested
Why it moved
+3.41% · volume 0.6×
News & events
News and what's next
Peers
5 listed peers
Results
How it did vs last year
Valuation
Cheap or expensive?
More
Asks“What drove the 3.41% gain in Piraeus Bank?”← → to move · Enter to ask
Data: Twelve Data · End-of-day prices · Nothing here is investment advice.