Piraeus Financial Holdings (TPEIR) CMD 2026 summary

Strategic priorities and financial targets

• Targets 18% return on tangible book value by 2030, with 15–18% throughout 2026–2030, a 30% cost-income ratio, 10% annual EPS growth, 17% annual dividend growth, and 13% total shareholder return.

• Plans to distribute €5bn in dividends by 2030, with a payout ratio rising from 55% to 65% of net profit and a CET1 target of 12.5%.

• Focuses on profitable growth, operational efficiency, and optimized capital allocation, aiming to be Greece's top-performing financial services group.

• Net revenues expected to reach €2.71bn in 2025, with insurance and asset management growing their share of total revenues to over 10% by 2030.

• Net promoter score to exceed 20 by 2030, up from 14.

Growth drivers and business segments

• Growth driven by expanding loans, deposits, AUM, and insurance premiums, leveraging Ethniki Insurance acquisition and launch of Snappi neobank.

• CIB loans targeted to grow at 10% CAGR, retail net credit expansion to €0.7bn by 2030, and AUM to exceed €20bn.

• Insurance gross written premia to double to €1.6bn by 2030, with bancassurance as a structural growth engine.

• Deposits projected to reach €76bn by 2030, supporting loan growth and a client base exceeding 10 million accounts.

• Five integrated business segments: businesses, individuals, wealth & asset management, insurance, and financial markets.

Efficiency, technology, and digital transformation

• €850mn CapEx over five years, with 80% for AI and technology to drive efficiency and productivity.

• Technology and AI investments to deliver €70mn in cost savings and reduce insurance expense ratio from 13% in 2025 to 8% in 2030.

• Digital adoption exceeds 99% of transactions, with new platforms like Odyssey for mortgages and FarmClick for agriculture.

• Digital sales penetration increased to 27% from 19% two years ago, with further growth expected.

• AI adoption rate to exceed 75%, unlocking 15% of existing capacity.