Eurobank announced that it received approval from the European Central Bank (ECB) on 5.6.2024 to pay a cash dividend of 342 million euros, or 0.0933 euros per share. This amount corresponds to a distribution rate of 30% on the Net Profits of the year 2023.

As stated in a bank statement, this event is an important milestone as it marks the first dividend distribution after 16 years, underscoring the robustness and well-diversified operating model of Eurobank, which focuses on creating value for its shareholders.

The approval was granted following an application submitted by Eurobank, in the context of strong financial performance and the successful completion of strategic initiatives. The Common Equity Tier 1 Capital Ratio (CET 1 Capital Ratio), adjusted for the proposed dividend, stands at 16.4% as at 31 March 2024, significantly above regulatory requirements.

The final distribution of the dividend is subject to the proposal of the Board of Directors to the General Meeting of Shareholders and the approval of the General Meeting of Shareholders. The General Meeting of Shareholders will take place on 23.7.2024.