Customized net profit 1.145 billion euro of which 498 million Eurobank announced for the first nine months of 2024. Total net profits amounted to 1.135 billion euros and net earnings per share were 0.31 euros. Return on tangible equity stood at 19.2%

It was also announced organic increase of current loans by 2.1 billion euros and deposits by 2.3 billion euro in the nine months of 2024, growth under management of client funds in Greece by 34.7% on an annual basis

In his statement the managing director of Eurobank Fokionas Karavias states: “The results of the 3rd quarter are a milestone for Eurobank. For the first time, we are fully consolidating Hellenic Bank of Cyprus, after acquiring a majority stake. Thus, the size of our balance sheet approaches 100 billion. euros, with 50 billion euro loans and 75 billion euro deposits and a balanced distribution in three main markets: Greece with 60% of assets, Cyprus with 27% and Bulgaria with 11%. We are convinced that the Hellenic Bank Management under Mr. Michalis Loui, former CEO of Eurobank Cyprus, will highlight the synergies, taking advantage of the opportunities from the development of the Cypriot economy.

In Greece, the macroeconomic environment also remains positive with its increase GDP expected to be strong at around 2.4% for 2024 and 2025. Eurobank has adjusted its strategy to support investment-led growth, becoming the first bank to apply for the 7th tranche of the Recovery and Resilience Fund loans. The loan portfolio has grown organically by more than 2 billion. euros and we expect an acceleration in the demand for business loans.

In the third quarter of the year, the Bank’s results were particularly positive, exceeding expectations. The trend suggests that return on equity will be around 17.5% for the full year. Eurobank follows a sustainable growth, reaping the benefits of recent strategic choices, achieving strong financial results, through which it rewards shareholders, while at the same time contributing to the economy and wider society.»