- Piraeus Bank S.A.: First Quarter 2026 Financial Results
Apr 30, 2026
Piraeus Bank S.A.: First Quarter 2026 Financial Results
ATHENS, Greece, April 30, 2026--(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/
Contacts
PressOffice@piraeusbank.gr
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- Assessing Accenture (NYSE:ACN) Valuation As New AI Alliances With Google Cloud Microsoft And Piraeus Bank Take Shape
Apr 27, 2026
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge.
AI alliances put Accenture (ACN) in focus after sector jitters
Accenture (ACN) has become a focal point for investors after fresh concerns about consulting weighed on the sector, just as the company stepped up its push into applied AI through a series of new partnerships.
See our latest analysis for Accenture.
At a share price of US$178.36, Accenture has seen pressure in recent months, with a 90 day share price return of 35.33% decline and a 1 year total shareholder return of 37.59% decline. At the same time, AI focused alliances with Google Cloud, Microsoft and Piraeus Bank keep attention on its longer term positioning.
If this wave of AI projects has you thinking beyond a single name, it could be a good moment to scan for other AI infrastructure providers and see what stands out using the 38 AI infrastructure stocks
After a 90 day share price return decline of 35.33% and a 1 year total shareholder return decline of 37.59%, combined with a 41% intrinsic discount signal, investors have to ask: is Accenture underpriced, or is the market already incorporating future AI driven growth?
Most Popular Narrative: 48.1% Undervalued
According to the most followed narrative on Accenture, a fair value of $343.90 sits well above the last close of $178.36. This frames a sizeable valuation gap that rests on long term GenAI and cloud assumptions.
Given the current trends in their respective products and services in introducing GenAI and cloud computing in their professional consulting services, revenue is expected to reach $80.2 billion by 2027 and earnings to reach $10.4 billion by 2027.
Read the complete narrative.
Curious what kind of revenue mix and margin profile could justify that valuation jump over the next decade, according to WallStreetWontons? The narrative leans on steadily rising sales, higher profitability and a premium earnings multiple usually reserved for sector leaders, all wired into one long term pricing blueprint.
Result: Fair Value of $343.90 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, this hinges on clients actually adopting GenAI and cloud at the pace assumed, while cautious enterprise spending and weaker sectors like Communications and Financial Services could stall that script.
Find out about the key risks to this Accenture narrative.
Next Steps
The market mood around Accenture is mixed right now, so it can pay to look through the details yourself and move decisively. To see what optimism is building around the stock, start with the 5 key rewards.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include ACN.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Piraeus and Accenture Team Up to Launch ΑΙ Hub in the Greek Banking Sector Powered by Anthropic
Apr 20, 2026
ATHENS, Greece, April 20, 2026--(BUSINESS WIRE)--Piraeus (ATHEX: TPEIR) and Accenture (NYSE: ACN) announced a significant expansion of their long-standing collaboration with the launch of a dedicated AI Hub – supported by Anthropic – designed to accelerate Piraeus’ enterprise-wide AI transformation and set a benchmark for AI-driven banking in Greece.
The AI Hub will act as a central engine for designing, developing and scaling advanced AI capabilities across Piraeus’ full value chain. By bringing together Accenture’s industry and AI expertise, including its Data & AI Center of Excellence in Athens, with Piraeus’ strategic AI roadmap, the Hub will drive the reinvention of banking processes across operations, customer experience, risk, and compliance, and modernize the technology backbone.
In parallel, the Hub will strengthen Piraeus’ long-term AI capabilities by attracting, developing and upskilling specialized talent through targeted recruitment and structured learning programs, including Udacity, Accenture’s AI-native learning and training platform. This approach supports the Bank’s ambition to embed AI skills and ways of working deeply across the organization.
A key focus of the collaboration will be the development of secure, responsible and human-centric AI solutions, designed to autonomously support decision making, streamline complex processes and enhance both customer and employee experiences. Piraeus and Accenture, with its newly-formed Anthropic Business Group, will leverage the power of Anthropic AI models and platforms and its deep grounding in ethical AI principles to drive innovation in a responsible manner, ensuring that advanced AI solutions are aligned with the bank’s values and regulatory requirements. This approach will support the development of secure, trustworthy, and scalable AI applications, to elevate human performance and the quality of banking services.
"The AI Hub represents a strategic inflection point for Piraeus," said Harry Margaritis, Group Chief Operating Officer, Piraeus. "We are advancing from individual AI deployments to a unified, enterprise-level capability that is deeply embedded in how the Bank operates. Our collaboration with Accenture, together with the integration of Anthropic’s AI technology, enables us to scale advanced AI responsibly, anchored in strong governance, transparency and human control. This initiative empowers our people, reinforces trust with our customers and regulators, and builds a resilient, future-ready foundation for banking in Greece."
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"This collaboration reflects the deep and longstanding relationship between Piraeus and Accenture, built on trust, value creation and shared ambition," stated George Pallioudis, Financial Services Lead at Accenture. "It's a testament to Piraeus’ leadership commitment to AI adoption and a recognition of Accenture’s leading role in AI-powered reinvention at scale."
Thomas Remy, Head of Southern Europe, Middle East & Africa for Anthropic, commented: "AI is transforming how banks operate, and it's vital that modern AI systems meet strong governance and regulatory requirements. Claude is built with the safety, reliability and transparency that highly regulated industries like banking demand. In partnering with Anthropic to power a new AI hub for Greek banking, Piraeus and Accenture have underscored our shared commitment to safe, responsible AI deployment."
The AI Hub builds on Piraeus’ successful collaboration with Accenture to adopt a cloud first operating model, which has already accelerated digital service delivery, enhanced security and compliance, improved operational efficiency and supported the Bank’s broader sustainability and modernization objectives.
About Piraeus
Piraeus, established in 1916, is the leading financial institution in Greece, in terms of market shares in loans, deposits, and branch presence. The Bank provides a comprehensive range of financial products and services, with recognized leadership in SME banking, retail banking, digital banking, and capital markets. Headquartered in Athens and listed on the Athens Stock Exchange, Piraeus employs approximately 8.1 thousand professionals and operates a nationwide network of 368 branches. As of 31 December 2025, Piraeus Group reported total assets of €91 billion. Piraeus is committed to supporting the country’s economic development and delivering long-term value for customers, shareholders, and society. Through disciplined execution, innovation, and sustainable banking principles, Piraeus aims to drive growth and resilience across its operations.
About Accenture
Accenture is a leading solutions and services company that helps the world’s leading enterprises reinvent by building their digital core and unleashing the power of AI to create value at speed across the enterprise, bringing together the talent of our approximately 786,000 people, our proprietary assets and platforms, and deep ecosystem relationships. Our strategy is to be the reinvention partner of choice for our clients and to be the most client-focused, AI-enabled, great place to work in the world. Through our Reinvention Services we bring together our capabilities across strategy, consulting, technology, operations, Song and Industry X with our deep industry expertise to create and deliver solutions and services for our clients. Our purpose is to deliver on the promise of technology and human ingenuity, and we measure our success by the 360° value we create for all our stakeholders. Visit us at accenture.com.
About Anthropic
Anthropic is an AI research and development company that creates reliable, interpretable, and steerable AI systems. Anthropic’s flagship product is Claude, a large language model trusted by millions of users worldwide. Learn more about Anthropic and Claude at anthropic.com.
Forward Looking Statements
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "likely," "anticipates," "aspires," "expects," "intends," "plans," "projects," "believes," "estimates," "positioned," "outlook," "goal," "target" and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, that the partnership might not achieve its anticipated benefits and risks and uncertainties related to the development and use of AI, including advanced AI, could harm our business, damage our reputation or give rise to legal or regulatory action, as well as the risks, uncertainties and other factors discussed under the "Risk Factors" heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.
Copyright © 2026 Accenture. All rights reserved. Accenture and its logo are registered trademarks of Accenture.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260420183759/en/
Contacts
Matthaios Sarantos
Accenture
+306977581264
matthaios.sarantos@accenture.com
George Papaioannou
Piraeus
+306944626825
gpapai@piraeusbank.gr
Lewis Maconachy
Anthropic
press@anthropic.com
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- Anthropic powers new Piraeus Bank AI hub
Apr 20, 2026
Greece’s Piraeus Bank and Accenture have expanded their alliance with the launch of a dedicated AI Hub, powered by Anthropic.
The initiative aims to speed up Piraeus’ enterprise-wide AI transformation.
The AI hub will become a central platform for designing, developing, and scaling advanced AI capabilities across the bank’s entire value chain.
The collaboration arrives amid heightened global scrutiny of Anthropic’s latest model, Claude Mythos, which has been deemed "too dangerous” for public release due to its unprecedented ability to find and exploit software vulnerabilities.
US and UK regulators have held talks with major banks over cybersecurity risks associated with the model and ensure they take measures to safeguard their networks.
As for Piraeus, the new Anthropic-backed hub will be designed to reinvent banking processes in operations, customer experience, risk management, and compliance, while modernising its technology infrastructure.
This will be facilitated through the integration of Accenture’s industry and AI expertise - including its Data & AI Center of Excellence in Athens - with Piraeus’ AI roadmap.
Piraeus group chief operating officer Harry Margaritis called the hub a “strategic inflection point”.
Anthropic head of Southern Europe, Middle East & Africa Thomas Remy said: “Claude is built with the safety, reliability and transparency that highly regulated industries like banking demand. In partnering with Anthropic to power a new AI hub for Greek banking, Piraeus and Accenture have underscored our shared commitment to safe, responsible AI deployment."
Besides, the hub will build Piraeus’ long-term AI capabilities by developing, and upskilling specialist talent through targeted hiring and structured training programmes, including Udacity, Accenture’s AI-native learning platform.
This will help embed AI skills and new ways of working deeply across the organisation.
A core priority of the partnership is the creation of secure, responsible, and human-centric AI solutions capable of autonomously supporting decision-making, streamlining complex processes.
Piraeus and Accenture, through its newly formed Anthropic Business Group, will harness Anthropic’s AI models and platforms to drive “innovation in a responsible manner”, noted the professional services firm.
The alliance ensures that all AI solutions align with the bank’s values and regulatory requirements, enabling the development of secure and scalable AI applications.
The new hub builds upon Piraeus’ existing tie-up with Accenture to implement a cloud-first operating model.
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Meanwhile, in March, Commonwealth Bank of Australia (CBA) announced an expanded partnership with and investment in Anthropic.
"Anthropic powers new Piraeus Bank AI hub" was originally created and published by Retail Banker International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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- Norton Rose Fulbright advises Piraeus Bank and Optima bank on PV financing
Apr 17, 2026
Norton Rose Fulbright has advised Piraeus Bank and Optima bank on the financing of four photovoltaic parks in Greece.
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- Piraeus Bank S.A. 2026 Financial Calendar
Mar 11, 2026
ATHENS, March 11, 2026--(BUSINESS WIRE)--Piraeus Bank S.A. (the "Company"), further to the announcement of its financial calendar on 16 January 2026, in accordance with the provisions of Decision 25 par. 2.4, 2.5 of the Athens Stock Exchange ("ATHEX") and taking into account the provisions of § 5.1 par. 8 of the new ATHEX Regulation, informs the investment community about the ex-dividend, record and payment dates of the capital return of €492 million, or €0.398 per share, to the Company’s shareholders. The decision for the share capital return is subject to the approval of the European Central Bank and the Annual General Meeting of Shareholders. The updated 2026 financial calendar is presented below:
Tuesday, 21 April 2026 Ordinary General Meeting of Shareholders Thursday, 30 April 2026 Announcement of Q1.2026 Financial Results & Analysts Briefing Tuesday, 09 June 2026
New date added to the calendar Ex-date of the Share Capital Return Wednesday, 10 June 2026
New date added to the calendar Record date of the Share Capital Return Monday, 15 June 2026
New date added to the calendar Share Capital Return payment date Wednesday, 29 July 2026 Announcement of H1.2026 Financial Results & Analysts Briefing Friday, 30 October 2026 Announcement of 9M.2026 Financial Results & Analysts Briefing
Piraeus Bank S.A. reserves the right to change the aforementioned dates, following relevant and timely notification of the public.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260311066679/en/
Contacts
PressOffice@piraeusbank.gr
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- Piraeus Bank S.A.: Full Year 2025 Financial Results
Feb 26, 2026
Full Year 2025 Financial Results
ATHENS, Greece, February 26, 2026--(BUSINESS WIRE)--Piraeus Bank S.A. (ATHEX: TPEIR) (OTCQX: BPIRY) (OTCQX: BPIRF):
FY.25: 16% RoaTBV, Ethniki Insurance acquisition completed, payout ratio increased to 55%
€1.2bn normalized profit | €1.1bn on a reported basis, as guided; beat on revenues, with strong finish in Q4 €0.82 EPS after AT1 coupon | Exceeding guidance of €0.80 for the year, fully absorbing the fast decumulation of base rates €40c per share cash dividend | On top of €100mn share buyback executed in Q4; €592mn total distribution out of 2025, 7% total yield €3.9bn net credit expansion | Europe-leading+11% loan growth yoy, with pricing discipline maintained; €0.3bn net credit expansion in retail 33% cost-to-core income ratio | Best-in-class efficiency ratio confirming cost discipline, despite inflation and ongoing investments €0.7bn revenues from services | Best-in-class in Greece; 0.82% fees over assets, 26% revenues from services out of total revenues €2.7bn net revenues | Revenues from services up 7%; NII up qoq, marking prior quarter as the trough 52bps organic CoR | NPE ratio at 2.0%, NPE coverage at 73% vs 65% a year ago +27% AuM yoy | €14.5bn AuM; €1.5bn net inflows in 2025; deposits at €66bn, up €3.2bn, +5% yoy, funding 90% of credit expansion 18.7% total capital ratio | Buffer of c.275bps above P2G, CET1 ratio at 12.7%; MREL at 29.0% with c.165bps buffer above requirement
View source version on businesswire.com: https://www.businesswire.com/news/home/20260226618606/en/
Contacts
PressOffice@piraeusbank.gr
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- Piraeus Capital Markets Day 2026
Feb 23, 2026
ATHENS, Greece, February 23, 2026--(BUSINESS WIRE)--Piraeus Bank S.A. (ATHEX: TPEIR) (OTCQX: PIRBF) announces that it will host its Capital Markets Day 2026 on Thursday, 5 March 2026, in London. During the event, the Bank’s senior management, including chief executive officer Christos Megalou, and chief financial officer Theo Gnardellis, will present the Strategic Plan 2026–2030, outlining the next phase of the organization’s priorities, performance ambitions, and long-term value creation strategy.
The event will commence at 13:00 UK time and will be held in a hybrid format, combining an in-person presentation in London with a live webcast accessible to all interested parties. The program will include presentations from Piraeus Bank’s executive leadership, followed by a question-and-answer session.
Attendance for the in-person event is subject to prior registration. Participants wishing to attend in person are kindly asked to contact the Investor Relations team at investor_relations@piraeusbank.gr.
Details regarding webcast access, presentation materials, and replay availability will be published on Piraeus Bank’s corporate website in advance of the event.
About Piraeus Bank
Piraeus Bank, established in 1916, is the leading financial institution in Greece, in terms of market shares in loans, deposits, and branch presence. The Bank provides a comprehensive range of financial products and services, with recognized leadership in SME banking, retail banking, digital banking, and capital markets. Headquartered in Athens and listed on the Athens Stock Exchange, Piraeus Bank employs approximately 7.4 thousand professionals and operates a nationwide network of 368 branches. As of 30 September 2025, Piraeus Group reported total assets of €83 billion. Piraeus Bank is committed to supporting the country’s economic development and delivering long-term value for customers, shareholders, and society. Through disciplined execution, innovation, and sustainable banking principles, Piraeus Bank aims to drive growth and resilience across its operations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260223934011/en/
Contacts
For any further information, please contact Investor Relations team:
investor_relations@piraeusbank.gr
T. (+30) 210 3335026
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- Piraeus’ Environmental Efforts Recognized by CDP with ‘A-’ Score
Jan 27, 2026
ATHENS, Greece, January 27, 2026--(BUSINESS WIRE)--Piraeus is being recognized for its transparency on environmental issues and sustainability by CDP, the global environmental non-profit, that runs an independent environmental disclosure system for companies, capital markets, cities, states and regions to manage their environmental impacts.
Piraeus has been awarded an ’A-’ rating for climate change, based on data disclosed through CDP’s questionnaire, having the highest score among all Greek companies that participated in the assessment. In total, nearly 20,000 companies answered the questionnaire and received a score in 2025.
CDP applies a rigorous and independent methodology to evaluate disclosure quality, risk awareness, environmental management, and evidence of best practice. Scores range from A to D-, reflecting the degree of ambition, target-setting and action.
CDP is fully aligned with the TCFD (Task Force on Climate-related Financial Disclosures) framework and maintains the world’s largest repository of environmental and climate data. Its scoring system is widely used by investors and procurement teams seeking to accelerate progress towards a net-zero, sustainable and earth-positive global economy. In 2025, 640 investors with $127 trillion in assets asked CDP to collect data on environmental impacts, risks and opportunities.
Piraeus is fully committed to moving ahead with its sustainability agenda by reducing its carbon footprint, both from its operations and financing. Working closely with its clients, Piraeus Bank aspires to help their transition to a low carbon economy and maintain their competitiveness in a world marked by shifting geopolitical interests and priorities.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260127818890/en/
Contacts
PressOffice@piraeusbank.gr
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- Piraeus Bank S.A. 2026 Financial Calendar
Jan 16, 2026
ATHENS, Greece, January 16, 2026--(BUSINESS WIRE)--Piraeus Bank S.A. announces its financial calendar for year 2026:
Thursday, 26 February 2026 Announcement of FY.2025 Financial Results & Analysts Briefing Friday, 27 February 2026 Publication of Annual Financial Report 2025 Thursday, 05 March 2026 Capital Markets Day 2026 Tuesday, 21 April 2026 Ordinary General Meeting of Shareholders Thursday, 30 April 2026 Announcement of Q1.2026 Financial Results & Analysts Briefing Wednesday, 29 July 2026 Announcement of H1.2026 Financial Results & Analysts Briefing Friday, 30 October 2026 Announcement of 9M.2026 Financial Results & Analysts Briefing
The announcement of the FY.2025 results will occur before the start of the Athens Stock Exchange trading session and the analysts' briefing will occur later on the same day. The Bank will issue at a later date additional details regarding the proposal for dividend/cash distribution to shareholders, the ex-date, record date and distribution payment date, as well as for the rest of the quarterly results, specifying whether they will be released before the start or after the conclusion of the Athens Stock Exchange trading session.
Piraeus Bank S.A. reserves the right to change the aforementioned dates, following relevant and timely notification of the public.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260116331559/en/
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PressOffice@piraeusbank.gr
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