Piraeus Financial Holdings (TPEIR) investor relations material

Strategic priorities and financial targets

• Aims to be Greece's top-performing financial services group by 2030, focusing on profitable growth, operational efficiency, and optimized capital allocation, with a target of 18% RoaTBV, 30% cost-income ratio, 10% EPS CAGR, 17% DPS CAGR, and 13% total shareholder return.

• Plans to distribute €5bn in dividends by 2030, maintain a CET1 ratio of 12.5%, and achieve a payout ratio rising from 55% to 65% as capital generation accelerates.

• Growth to be driven by expanding loans (CIB loans at 10% CAGR, retail loans at 5%), deposits (to €76bn by 2030), AUM (to over €20bn), and insurance premiums (doubling to €1.6bn), leveraging digital transformation and the Ethniki Insurance acquisition.

• Net promoter score to exceed 20 by 2030, up from 14, and client base to surpass 10 million accounts.

• Conservative risk management, prudent credit underwriting, and a solid, collateralized mortgage book underpin the strategy, with NPE ratio targeted below 1.5% by 2030.

Growth drivers, business segments, and innovation

• Five integrated business segments: businesses, individuals, wealth & asset management, insurance, and financial markets, with insurance and asset management to exceed 10% of revenues by 2030.

• Launch of Snappi neobank in October 2025, targeting 300k clients in 12 months, and digital platforms like Odyssey, Brainy, and FarmClick to expand product reach.

• Digital sales penetration at 27%, up from 19% two years prior, with further acceleration expected.

• AI and technology investments to drive €70mn in cost savings and unlock 15% of existing capacity, with AI adoption rate to exceed 75%.

• Fusion teams and a technology-driven culture enable continuous innovation and operational agility.

Insurance and asset management integration

• Ethniki Insurance acquisition positions for leadership in an underpenetrated market, aiming for over €200mn topline contribution and doubling insurance GWP to €1.6bn by 2030.

• Bancassurance to drive revenue, with bank channel share of Ethniki’s revenue expected to rise from 17% to nearly 50% by 2030.

• Synergies in technology, procurement, and asset management expected to triple Ethniki’s profit before tax and reduce expense ratio to 8%.

• Solvency ratio to exceed 250% by 2030, with combined ratio below 95%, providing flexibility for future distributions or growth investments.

• Penetration of bancassurance products among active customers targeted to rise from 20% to 25% by 2030.