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24.06.25 - 20:24
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Piraeus Financial Holdings Successfully Priced a €400mn Additional Tier 1 Instrument (Business Wire)
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ATHENS, Greece--(BUSINESS WIRE)--Piraeus Financial Holdings S.A. (“Piraeus” or the “Group”) (ATHEX: TPEIR) (OTCQX:BPIRY) (OTCQX: BPIRF) announces that it has successfully completed the pricing of €400 million Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary Write-Down Notes (the “Notes”).
The AT1 Notes carry a coupon at 6.750%, which is paid semi-annually, on 30 June and 30 December in each year. They are perpetual and callable on 30 December 2030 or in any interest payment date thereafter, subject to the terms and conditions of the Notes. Settlement will take place on 30 June 2025 and the Notes will be listed on the Luxembourg Exchange's Euro MTF market. The Notes have been assigned a “B1” rating from Moody's Ratings.
The AT1 offering contributes towards the implementation of the Group's strategic plan, optimizes the capital stack throughout the planning horizon, and further strengthens the Group's total capital adequacy ratio to 20.6% (proforma Mar.25).
The transac...
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02.06.25 - 23:42
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XFRA: DIVIDEND/INTEREST INFORMATION - 04.06.2025 - EQUBF_01 (XETRA)
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Das Instrument BKP0 US7242495031 PIRAEUS F.HL.ADR NEW 2021 EQUITY wird cum Dividende/Zinsen gehandelt am 03.06.2025 und ex Dividende/Zinsen am 04.06.2025
The instrument BKP0 US7242495031 PIRAEUS F.HL.ADR NEW 2021 EQUITY has its pre-dividend/interest day on 03.06.2025 and its ex-dividend/interest day on 04.06.2025...
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28.05.25 - 11:27
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Piraeus Bank Successfully Priced a €500mn Green Senior Preferred Bond With Demand Exceeding €3.7bn (Business Wire)
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ATHENS, Greece--(BUSINESS WIRE)--Piraeus Financial Holdings S.A. (ATHEX: TPEIR) (OTCQX:BPIRY) (OTCQX: BPIRF) announces that its subsidiary, Piraeus Bank S.A. (“Piraeus” or the “Bank”), has successfully completed the pricing of a new €500 million Green Senior Preferred Bond (hereinafter also called the “Bond”) at a yield of 3.140%, attracting the interest of a large number of institutional investors.
The Bond has a maturity of 3.5 years and an embedded issuer call option after 2.5 years. Settlement will take place on 3 June 2025 and the notes will be listed on the Luxembourg Stock Exchange's Euro MTF market. The Bond is expected to be assigned an investment grade rating of “Baa2” from Moody's Ratings.
The net proceeds of the issuance will be directed in financing and/or refinancing in whole or in part, eligible green assets, as described in Piraeus' Green Bond Framework, providing positive environmental impact. This is the 3rd issuance of a Green Bond for Piraeus and the 2nd one out of...
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06.05.25 - 10:45
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Piraeus Financial Holdings: First Quarter 2025 Financial Results (Business Wire)
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ATHENS, Greece--(BUSINESS WIRE)--Piraeus Financial Holdings (ATHEX: TPEIR) (OTCQX:BPIRY) (OTCQX: BPIRF):
Q1.25: Strong start to the year, with loan growth and client AuMs outperforming targets
Sustainable profitability
Operating efficiency
15%
return
over tangible book value
35%
cost-to-core income
€0.22
earnings per share
2.4%
NIM
25%
fees over revenues
Capital generation
Solid asset quality
19.5%
total capital ratio
+95bps
YoY
2.6%
NPE ratio
0.35%
organic CoR
Performing book expansion
Client assets under management
€35bn
Mar.25
+16%
YoY
€12.5bn
Mar.25
+25%
YoY
Q1 2025 highlights
Robust profits and returns
Solid profitability of €284mn, corresponding to €0.22 earnings per share and 14.7% RoaTBV, well on track to meet or exceed the full year targets of c.€0.80 and c.14% respectively; tangible book value per share increased to €6.01, up 14% yoy
Net revenues at €649mn, up by 10% yoy, supported by net fee income; fees grew by 1...
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18.03.25 - 11:48
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Piraeus Proposes a 373mn Cash Dividend to April AGM (Business Wire)
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ATHENS, Greece--(BUSINESS WIRE)--(ATHEX: TPEIR) (OTCQX: BPIRY) (OTCQX: BPIRF)
The Board of Directors of Piraeus Financial Holdings S.A., pursuant to its resolution of 14 March 2025, has invited the company's shareholders to approve, at the Annual General Meeting of Shareholders on 14 April 2025, a distribution of €373 million, equivalent to a cash payment of €0.298 per share, to the company's shareholders.
The proposed cash payment of €0.298 per share would be in the form of a capital reduction and accordingly not subject to any withholding.
In accordance with the Board's resolution, with respect to the distribution, the ex-dividend would be 26/5/2025, the record date would be 27/5/2025, and the payment date would be 30/5/2025.
Contacts
PressOffice@piraeusbank.gr...
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13.03.25 - 10:45
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Piraeus Bank to Acquire Ethniki Insurance From CVC (Business Wire)
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ATHENS, Greece--(BUSINESS WIRE)--Further to the announcement on 06 February 2025, Piraeus Financial Holdings S.A. informs the investment community that its subsidiary Piraeus Bank S.A. (“Piraeus”) has entered into a Share Purchase Agreement (hereinafter “SPA”) to acquire 90.01% stake in the parent company of Ethniki Insurance (the “Transaction”) from CVC Capital Partners Fund VII.
As per the signed SPA, the consideration for the Transaction is €600mn in cash, on a 100% basis.
The Transaction is expected to further diversify the revenue sources of Piraeus, enhancing value creation for shareholders, while it will complement our product range, covering the whole spectrum of banking, protection and investment solutions.
The Transaction is accretive for Piraeus in Earnings per Share (EPS) by circa 5% and Return over average Tangible Book Value (RoaTBV) by circa 1 percentage point and it elevates fee generation to international best-in-class levels, while retaining our competitive cost efficiency ...
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24.02.25 - 12:27
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Piraeus FY 2024 Earnings & Business Plan 2025-2028 (Business Wire)
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ATHENS, Greece--(BUSINESS WIRE)--Piraeus Financial Holdings (ATHEX: TPEIR) (OTCQX:BPIRY) (OTCQX: BPIRF):
€1.1bn profitability and 12% loan growth in 2024 pave the way for €373mn cash dividend
Record profitability
Best-in-class operating efficiency
17.5%
normalized return
over tangible book value
30%
cost-to-core income
€0.81
earnings per share
2.7% NIM
+4% NII YoY
0.8%
fees over assets
Capital generation
Solid asset quality
19.9%total capital ratio
+176bpsYoY
2.6%NPE ratio
0.5%organic CoR
Performing book expansion
Client assets under management
€33.7bn
Dec.24
+12%YoY
€11.4bn
Dec.24
+23%
YoY
Full Year 2024 highlights
Solid profits and returns
Record net profit of €1.1bn, corresponding to €0.81 earnings per share, up 38% yoy
High return of 17.5% normalized RoaTBV, on par with best in the region; 15.0% reported RoaTBV including one-offs; tangible book value per share increased to €5.78, up 13% yoy
Net revenues at €2.8bn, up by 7% in 2024; fees grew 4x vs n...
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06.02.25 - 11:15
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Piraeus Agrees to Enter Into Exclusive Discussions With CVC Regarding the Acquisition of Ethniki Insurance (Business Wire)
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ATHENS, Greece--(BUSINESS WIRE)--Further to the announcement on 03 February 2025, Piraeus Financial Holdings (hereinafter “Piraeus”) informs the investment community that it has agreed to enter into exclusive discussions with CVC Capital Partners' Fund VII (“CVC”) regarding the potential acquisition by Piraeus of a 70% stake in Ethniki Insurance for €469mn (the “Potential Transaction”).
Post the completion of the Potential Transaction, Piraeus expects to diversify and further strengthen its revenue pool and to deliver significant value uplift to its shareholders.
Based on the above, the proforma impact on Piraeus' capital position is estimated at approximately 150bps as at September 2024. This impact translates into a capital ratio with a comfortable Pillar 2 Guidance buffer of more than 200bps. Piraeus intends to pursue the potential adoption of the Danish Compromise in relation to the prudential treatment of its possible participation in the share capital of Ethniki Insurance, which, if ...
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03.02.25 - 13:03
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OTC Markets Group Welcomes Piraeus Financial Holdings to OTCQX (GlobeNewswire EN)
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NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Piraeus Financial Holdings (Athens Stock Exchange: TPEIR; OTCQX: BPIRY, BPIRF), a financial holdings company, has qualified to trade on the OTCQX® Best Market. Piraeus Financial Holdings upgraded to OTCQX from the Pink® market....
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