Eurobank S.a. · ATHEX:EUROB
Eurobank — Eurobank Ergasias Services and Holdings — Q1 2025 Earnings Presentation
75 slides from Eurobank's earnings presentation, May 8, 2025
Slide 1: 1Q 2025 results
4 EUROBANK Holdings 1Q 2025 results 8 May 2025
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: This presentation has been prepared by Eurobank Ergasias Services and Holdings S.A. (“Eurobank Holdings”) and its 100% subsidiary Eurobank S
Slide 3: Table of contents
Table of contents 1Q25 results highlights 4 Regional Presence 11 Balance sheet 18 Profitability 26 Asset Quality 34 Capital 38 Sustainability 41 Macroeconomic update 50 Appendix I – Supplementary information 63 Appendix II - Glossary 70 3
Slide 4: 1Q25 results highlights
1Q 2025 Results 1Q25 results highlights
Slide 5: 1Q25 results highlights: Profitability
1Q25 results highlights: Profitability ❑ Adjusted Net Profit €348m in 1Q25 P&L (€ m) 1Q25 4Q24 Δ(%) 1Q25 1Q24 Δ(%) Net interest income 637.9 677.3 (5.8) 637.9 571.1 11.7 ❑ 1Q25 RoTBV1 at 16.2% Commission income 169.2 215.3 (21.4) 169.2 135.6 24.8 Other Income 20.0 (2.3) n.a. 20.0 47.7 (58.1) ❑ TBV p
Slide 6: 1Q25 results highlights: Balance Sheet
1Q25 results highlights: Balance Sheet Capital ▪ 1Q25 CET1 at 15.5%1,8, including mainly: Key Balance sheet ratios ▪ Organic capital generation (c.+65bps q-o-q) ▪ Asset Growth (c.-25bps q-o-q) Group (%) 1Q25 4Q24 3Q24 2Q24 1Q24 ▪ 1Q25 Dividend accrual (c.-35bps q-o-q) Capital8 Volumes CAD 18.91 18.5
Slide 7: Diversified income stream
Diversified income stream Contribution to Net Loans Deposits Wealth Mng Net Profit1 Contribution to Assets (€ bn) Group assets (€ bn) (€ bn) (€ bn) (€m) Group Net profit Greece 57.8 58% 34.2 42.0 12.8 165 47% Cyprus 27.3 27% 8.7 23.2 4.0 121 35% Bulgaria 12.1 12% 8.0 9.0 0.1 55 16% Lux 3% 2% 3.2 0.9
Slide 8: Δ NII and Δ Fees (y-o-y)
1Q24 571 Δ Loans (63) 7 Δ Deposits Δ NII (y-o-y, € m)1 4 Δ Bonds Core Income Δ Central banks (6) +11.7% Δ MREL & Tier II (13) Δ Hedging (5) 2 4 Δ other 1. Analysis based on gross income. 2. Including Repos and Money Market Δ ΗΒ 138 1Q25 638 1Q24 136 2 Δ Lending Δ Fees (y-o-y, € m) 0 Δ Network & cred
Slide 9: Profitability
Profitability Core PPI and Provisions (€ m) Core Operating Profit2 (€ m) +5.2% +4.8% 426 407 478 503 Core PPI 1Q24 1Q25 Profit before Tax3 (€ m) Loan Loss (71) (76) (9.3%) Provisions 1Q24 1Q25 495 449 CoR1 68 59 (bps) 1Q24 1Q25 1. On net loans. 2. Core Operating profit= Core PPI minus loan loss prov
Slide 10: Capital & TBV
Capital & TBV CET11 TBV per share (€) +16.6%3 16.0% 15.7% 15.5%2 2.39 2.31 1Q24 4Q24 1Q25 2.14 DPS4 0.09 CAD1 19.0% 18.5% 18.9%2 1Q24 4Q24 1Q25 1Q24 4Q24 1Q25 1. Post Payout accrual. Including period profits, subject to AGM approval. Payout subject to regulatory approval. 2. Pro forma Solar, Leon NP
Slide 11: Regional Presence
1Q 2025 Results Regional Presence
Slide 12: Hellenic Bank key P&L metrics
Hellenic Bank key P&L metrics1 1Q25 Highlights2 Core PPI & Provisions (€ m) Net profit3 €76m Core PPI 103 101 99 98 ▪ Core PPI at €98m 91 ▪ NII at €138m ▪ 1Q25 NIM at 3.01% ▪ Commission income at €23m 1Q24 2Q24 3Q24 4Q24 1Q25 2 ▪ Cost – to – core income at 39.0% Provisions (2) 1 (12) 20 (5) Net Prof
Slide 13: Hellenic Bank key B/S metrics
Hellenic Bank key B/S metrics1 Gross loans (€ bn) Key metrics 6.2 6.1 6.0 5.8 5.9 Other 1Q25 4Q24 3Q24 2Q24 1Q24 2.5 Assets (€ bn) 18.5 18.4 17.6 17.5 19.8 2.5 2.4 2.3 2.4 NFCs 2 Net loans (€ bn) 5.8 5.7 5.9 6.0 6.0 3.5 3.5 3.4 3.4 3.4 Capital Households CET13 (%) 32.4 28.7 28.3 26.6 24.6 1Q24 2Q24
Slide 14: Eurobank Cyprus key P&L metrics
Eurobank Cyprus key P&L metrics 1Q25 Highlights Core PPI & Provisions (€ m) Net profit1 €45m; down 12.6% y-o-y Core PPI 66 67 65 63 ▪ Core PPI at €55m; down 16.6% y-o-y 55 ▪ NII down 14.7% y-o-y at €60m ▪ 1Q25 NIM at 2.6% ▪ Commission income up 12.7% y-o-y at €12m 1Q24 2Q24 3Q24 4Q24 1Q25 ▪ Cost – t
Slide 15: Eurobank Cyprus key B/S metrics
Eurobank Cyprus key B/S metrics Gross loans (€ bn) Key metrics 2.8 2.9 2.9 2.7 2.8 0.3 0.2 0.3 0.3 Retail 1Q25 4Q24 3Q24 2Q24 1Q24 0.2 Assets (€ bn) 8.8 9.3 8.9 9.6 8.8 2.6 2.6 2.7 2.6 Net loans (€ bn) 2.8 2.9 2.8 2.7 2.7 2.5 Business Capital CET1 (%)1 41.3 37.4 38.4 36.0 34.7 1Q24 2Q24 3Q24 4Q24 1Q
Slide 16: Bulgaria key P&L metrics
Bulgaria key P&L metrics1 1Q25 Highlights Core PPI and provisions (€ m) Net profit2 €55m, up 14.1% y-o-y Core PPI 73 74 73 73 ▪ Core PPI at €73m, up 7.7% y-o-y 68 ▪ NII up 4.0% y-o-y at €99m ▪ 1Q25 NIM at 3.39% ▪ Commission income up 17.5% y-o-y at €23m ▪ Cost – to - core income at 40.4% 1Q24 2Q24 3
Slide 17: Bulgaria key B/S metrics
Bulgaria key B/S metrics1 Gross loans (€ bn) Key metrics 7.8 8.2 1Q25 4Q24 3Q24 2Q24 1Q24 7.1 7.4 Business 6.9 3.5 3.6 Assets (€ bn) 12.1 11.5 10.6 10.4 10.2 3.2 3.3 3.3 Mortgages Net loans (€ bn) 8.0 7.6 7.2 6.9 6.7 2.0 2.1 2.2 2.4 2.5 Capital 1.7 1.8 1.9 1.9 2.0 Consumer CET1 (%)2 20.7 19.4 20.3 1
Slide 18: Balance sheet
1Q 2025 Results Balance sheet
Slide 19: Balance sheet composition
Balance sheet composition Assets (€ bn) Liabilities and Equity (€ bn) 100.4 100.4 Net loans 51.7 Deposits 77.1 Investment Securities 22.8 Wholesale funding 8.2 Loans & advances to banks 2.2 Tier II 2.2 Cash & Central banks 14.2 Other3 3.7 Investment property 1.4 Equity DTA1 3.7 9.2 PP&E, intangibles
Slide 20: Securities portfolio
Securities portfolio Breakdown per issuer Breakdown per classification Trading & other, 3% FVOCI, 17% CLOs (AAA), 8% Trading & € 22.8bn other, 3% Amortized Cost, 80% Covered Bonds; 8% Greek Sovereign, 26% Financial Institutions, 9% € 22.8bn Amortized cost breakdown Corporate bonds, Financial Insitut
Slide 21: Gross Loans
Gross Loans Breakdown by country (€ bn) Breakdown by type (€ bn) Organic1 growth +€1.2bn in 1Q25 (+10.3%2 y-o-y) 52.3 53.13 52.3 53.1 50.4 Lux 50.4 4.4 4.3 8.8 Cyprus 4.4 Senior Notes 8.8 42.7 43.5 8.7 42.7 43.5 2.7 2.8 4.3 4.3 7.8 8.2 Bulgaria 7.1 7.4 6.9 31.7 Business 29.2 30.9 25.1 25.8 Mortgages
Slide 22: Deposits
Deposits Breakdown by country (€ bn) Time / Total 36% 37% 36% 36% 36% Group Deposits down €1.5bn1 q-o-q (+8.2%2 y-o-y) 32% 33% 32% 33% 32% Greece 78.6 77.1 74.6 Lux 1Q24 2Q24 3Q24 4Q24 1Q25 58.6 23.6 23.2 Cyprus 57.3 22.5 7.2 7.5 8.8 9.0 Bulgaria Breakdown by customer 8.2 8.3 8.4 39.4 40.2 41.0 43.3
Slide 23: Liquidity
Liquidity Net loans / Deposits ratio Net ECB position (€ bn) 72.5% 7.7 7.6 14.2 16.1 14.2 72.0% 67.0% 65.8% 64.8% 17.4 16.1 14.2 Cash 10.7 10.7 1Q24 2Q24 3Q24 4Q24 1Q25 (3.0) (3.1) (3.1) Funding 1Q24 1H24 9M24 FY24 1Q25 Liquidity coverage ratio (LCR) HQLAs1 Cash , Level 2 Assets, 3% 1% 187.1% 188.2%
Slide 24: MREL position
MREL position MREL (% RWAs) MREL buffer of 100bps ▪ 1Q25 MREL ratio at 28.8%; 100bps above the final MREL target of 28.8 27.8 27.8%2 to be applicable from 2Q25 Senior preferred 4.3 CBR1 liabilities2 9.8 ▪ Tier 2 of ca €600m and Senior Preferred Bond of €350m issued in 1Q Tier 2 3.5 23.5 MREL ▪ After
Slide 25: Wealth Management
Wealth Management Managed Funds (AuM, € bn) Private Banking (CAL1 per jurisdiction, € bn) +13% +29% 8.1 7.7 13.0 13.2 12.8 7.1 12.2 6.9 11.7 6.3 5.2 5.4 5.5 Greece 5.0 5.0 5.8 5.6 Own Mutual 5.3 Funds 5.1 Cyprus 4.7 3.9 3.9 3.9 3rd Party 3.5 3.8 Mutual Funds Luxembourg 1.2 Discretionary 1.1 0.9 1.0
Slide 26: Profitability
1Q 2025 Results Profitability
Slide 27: Performing Loan spreads & rates
Performing Loan spreads & rates Client rates (Greece, bps) Lending spreads (Greece, bps)1 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 Corporate 641 619 592 554 496 Corporate 228 212 207 200 197 Retail 622 614 597 556 522 3M avg Euribor 392 381 356 300 256 Consumer 985 1,018 1,006 1,003 1,015 6
Slide 28: Net Interest margin & deposit spreads
Net Interest margin & deposit spreads Net Interest margin (bps) Deposit spreads (Greece, bps) 1Q24 2Q24 3Q24 4Q24 1Q25 Savings & Sight 387 378 355 303 257 Time 135 123 118 98 91 334 327 333 312 SEE Total 306 295 279 238 205 293 287 279 281 270 1M avg Euribor 386 377 355 305 260 253 Group 270 261 246
Slide 29: Net Interest Income
Net Interest Income NII breakdown (€ m)1 Δ NII (q-o-q, € m)1 4Q24 677 1Q24 2Q24 3Q24 4Q24 1Q25 Δ Loans (40) Loans 589 583 662 645 593 Bonds 157 159 201 202 207 Δ Bonds 8 Central banks 59 63 107 100 89 Δ Central banks (9) Money Market & (5.8)% (17) (17) (16) (6) 1 Repos Δ Deposits 13 MREL (41) (44) (
Slide 30: Commission Income
Commission Income Commission income breakdown (€ m) Commission income per region (€ m) Fees/ assets +24.8% 68 73 68 86 67 (bps) 215 215 168 169 168 169 75 58bps / 147 38 Lending 62 40 assets 136 147 39 136 57 61 SEE 33 33 Network transactions 33 76 66 71 & credit cards 49 54 74bps / assets 11 10 Cap
Slide 31: Operating expenses
Operating expenses OpEx per region (€ m) OpEx breakdown (Greece, € m) 317 297 304 229 228 138 137 168 132 158 71 68 SEE 10 Depreciation 9 28 33 IT1 158 160 165 180 168 Greece 37 33 Administrative 1Q24 2Q24 3Q24 4Q24 1Q25 90 88 Staff Cost –to- core income (%) 1Q24 1Q25 (2) Resolution Fund Greece 32.1
Slide 32: Pre-provision income (PPI)
Pre-provision income (PPI) Core PPI and other income (€ m) Δ Core PPI (q-o-q, € m) 48 (2) 26 (2) 20 Other income 568 575 478 480 503 600 575 261 247 13 503 143 149 235 SEE 500 (40) (46) 335 331 308 328 267 Greece 400 1Q24 2Q24 3Q24 4Q24 1Q25 300 200 PPI per region (€ m) 100 526 594 573 523 0 4Q24 Co
Slide 33: Core Operating Profit
Core Operating Profit Δ Core Operating Profit (y-o-y, € m) Core Operating Profit per region (€ m) +4.8% +4.8% Core Operating 407 426 Profit 34 483 485 67 503 Core PPI 478 (76 ) 426 407 407 Lux 151 182 63 64 148 Cyprus 55 61 62 60 59 Bulgaria 280 Δ Fees Δ OPEX 270 209 Greece Δ NII Loan Loss 259 235 P
Slide 34: Asset Quality
1Q 2025 Results Asset Quality
Slide 35: Asset quality metrics
Asset quality metrics NPE formation1 (€ m) NPE ratio (%) Δ NPE stock (212) 37 1244 68 4 (q-o-q, €m) 3.1% 3.0% 2.9% 2.9% 2.9% 66 59 50 47 48 SEE Greece 1Q24 2Q24 3Q243 4Q243 1Q253 1Q24 2Q24 3Q24 4Q24 1Q25 Loan loss provision (€ m) NPE coverage (%) 68 69 70 72 59 Cost of Risk2 120 (bps) 85 91 92.6% 93
Slide 36: NPE metrics (Group)
NPE metrics (Group) 90dpd bridge to NPE (€ bn) NPE per region Provisions & NPE Total NPE NPE ratio collaterals / 0.3 1.5 coverage NPE 0.4 (€ m) (%) (%) (%) 0.8 Consumer 83 4.8 133.0 133 (1.4) Mortgages 321 4.4 135.3 224 0.2 Small Business 250 9.1 71.5 143 Corporate 500 2.1 63.9 140 2 90dpd NPF 0- UT
Slide 37: Loans’ stage analysis (Group)
Loans’ stage analysis (Group) Loans’ stage breakdown Provisions stock over NPE (€ bn) 1Q24 2Q24 3Q24 4Q24 1Q25 92.6% 93.2% Stage 1 36.5 37.3 43.7 45.5 46.3 89.9% 88.4% 89.1% Stage 2 4.9 4.8 4.9 4.9 4.9 Stage 3 (NPE) 1.3 1.3 1.5 1.5 1.5 2 Total 42.7 43.4 50.2 52.1 52.91 1Q24 2Q24 3Q24 4Q24 1Q25 Stage
Slide 38: Capital
1Q 2025 Results & EUROBANK Holdings Capital
Slide 39: Capital ratios (CET1, q-o-q)
Capital ratios (CET1, q-o-q) 65bps 15.7%2 15.8%2 15.5%2 (25bps) (10bps) (10bps) (10bps) (33bps) 2025 OCR 12.6% 1 1 3 4 1Q25 Other 4Q24 1Q25 post volatility 1Q25 Net Asset Growth Basel IV 1 1Q25 Payout Dividend Market Accrual effect 5 Profit Accrual RWAs 49,138 50,637 50,705 (€ m) Capital 7,715 8,003
Slide 40: Capital ratios (CAD, q-o-q)
Capital ratios (CAD, q-o-q) 65bps 75bps 19.3%2 18.9%2 18.5%2 (10bps) (30bps) (34bps) (10bps) (10bps) Tier II 2.8% 3.4% CET1 15.7% 15.5% 2025 CAD OCR 15.3% 1 3 1 1Q25 Other Tier II 1Q25 Net volatility Asset Growth Basel IV 1Q25 Payout 4 1Q25 post 4Q24 Market 1 effect 5 Profit accrual payout accrual R
Slide 41: Sustainability
1Q 2025 Results Sustainability https://www.eurobankholdings.gr/en/esg-environment-society-governance
Slide 42: 1st CSRD Group Sustainability Statement
1st CSRD Group Sustainability Statement • Eurobank Group has published its first CSRD Sustainability Statement in March 2025, as part of its Annual Financial Report under optimal conditions given the Group’s maturity in the subject. • A highly demanding large-scale project that required the involvem
Slide 43: Operational Impact Strategy Highlights – Environment (1/3)
Operational Impact Strategy Highlights – Environment (1/3) • 8,232 MWh total electricity consumption • 97.7% of total electricity consumed was sourced from Renewable Energy Sources (Certified Guarantees of Origin plus own production) • 222 MWh consumed from own-produced electricity Environment • 269
Slide 44: Operational Impact Strategy Highlights – Social (2/3)
Operational Impact Strategy Highlights – Social (2/3) Diverse & Inclusive Internal Environment – International Women's Day: Eurobank celebrated Women’s Day by implementing initiatives throughout the week 7-14 March 2025, aimed at raising awareness among its people on issues and topics that concern a
Slide 45: Operational Impact Strategy Highlights – Governance & Business (3/3)
Operational Impact Strategy Highlights – Governance & Business (3/3) Sustainable Procurement • In the context of the ISO 20400 certification for sustainable procurement practices, self-assessment by strategic suppliers of the Bank was completed. • Design and launch of an awareness/ education initiat
Slide 46: Financed Impact Strategy – Key Figures
Financed Impact Strategy – Key Figures Accelerated sustainable financing in line with Portfolio Decarbonization has a pivotal our ambitious strategy role in our sustainability strategy More than €3bn green loans outstanding to Green Asset Ratio KPI: 2.6% (Turnover) / 3.5% corporate clients, mainly f
Slide 47: Financed Impact Strategy – Portfolio Decarbonisation
Financed Impact Strategy – Portfolio Decarbonisation Key enablers to advance decarbonization Following the guidelines of the NZBA, the Group is committed to reducing Transition pathways for corporate clients, financed emissions from the most carbon-intensive and influential sectors. Transition to ac
Slide 48: Sustainability Ratings
Sustainability Ratings • Sustainalytics – Eurobank has been ranked in the best risk category "Negligible“ during the latest ESG assessment by the internationally renowned Morningstar Sustainalytics, being the first Greek bank to receive this top rating. Along with the important ESG Industry Top Rate
Slide 49: Sustainability Distinctions
Sustainability Distinctions • Eurobank has been included in Sustainalytics’ 2025 ESG Top-Rated Companies List with the important ESG Industry Top Rated 2025 and ESG Regional Top Rated 2025 distinctions. • egg - enter grow go was awarded the prestigious “Europe’s Leading Start Up Hubs 2025” distincti
Slide 50: Macroeconomic update
1Q 2025 Results Macroeconomic update
Slide 51: US trade policy clouds the global growth outlook
US trade policy clouds the global growth outlook • The US has increased tariffs to curb the US current account deficit (2024: -3.9% of GDP) and boost domestic • Main channels: increase of uncertainty; global trade manufacturing output; the average effective tariff rate has deceleration; supply-side
Slide 52: Greece: limited direct exposure to US Tariffs
Greece: limited direct exposure, scope for larger indirect impact of US Tariffs Greek Exports of Goods to USA Greek Exports of Goods to EU-27 % of Total Exports of Goods, % of % of Total Exports of Goods, % of 8% Direct Impact 70% Indirect Impact 55.0% 7% 60% 6% 4.8% 50% Nominal GDP Nominal GDP 5% 4
Slide 53: Greece-Macro developments and outlook
Greece-Macro developments and outlook • Expected growth in Greece stable at 2.3% in 2025 (BoG, Apr-25), continuing to over-perform the Euro Area; direct impact from trade wars is expected to be limited, yet there may be some indirect impact via trade links with the EU • 12-month average annual infla
Slide 54: Real GDP growth remained robust in 2024
Real GDP growth remained robust in 2024, overperforming compared to the Euro Area Sources: ELSTAT, Eurostat, Eurobank Research 54
Slide 55: Domestic Labour Market
Domestic Labour Market The unemployment rate continues to decline amid labor Employment remains on an upward trajectory shortages, still higher (3ppts) compared to the Euro Area contributing positively to households’ disposable income Long term unemployment decreases, still above the Recovery of pro
Slide 56: Selected indicators of domestic economic activity
Selected indicators of domestic economic activity ESI remains strong, above its long-term average and higher Operating conditions in manufacturing improve; relative to the EA higher relative to the EA Manufacturing production remains resilient The drop in retail trade volume decelerated in recent mo
Slide 57: Real estate: apartment prices
Real estate: apartment prices in nominal terms have almost returned to their pre-debt crisis level, still 17.7% lower in real terms; residential investment is rising but still at 2.3% of GDP vs. 5.8% in the Euro Area Source: BoG, ELSTAT, Eurostat 57
Slide 58: Strong rebound in house prices; mortgage lending yet to catch up
Strong rebound in house prices; mortgage lending yet to catch up Average House Price over gross disposable income per capita ▪ House affordability declines as prices climb back to pre-debt crisis peak (2007) yet remains slightly better than in 2007. Volumes up as well, though still far from peak as
Slide 59: Fiscal and current account balances
Fiscal and current account balances ▪ GG primary surplus of 2.0% and 4.8% of GDP in 2023 and 2024; expected at 3.2% in 2025 (MTFS25-28 update), 3.2% in 2026 (EC, Autumn Forecasts 2024), and at 2.4% of GDP in 2027 and 2028 (MTFS25-28) ▪ Current account deficit at 6.2% of GDP in 2023, from -10.2% in 2
Slide 60: Sovereign debt profile
Sovereign debt profile General Government gross public debt (% of GDP, ESA terms) ▪ According to the most recent update of the MTFS25-28, Greece's Gross Public Debt is expected to decrease to 145.7% in 2025 and 142.7% in 2026 (EC 2024 Autumn Forecast)—down from 163.9% in 2023 and a peak of 209.4% in
Slide 61: Cyprus
Cyprus ▪ Third-best GDP growth performance in the Euro area, for a second year in a row: 3.4% vs. 2.8% in 2023. The IMF (April 2025) foresees a 2.5% growth in 2025 and acceleration to 2.7% in 2026 ▪ Successive long-term rating upgrades: Morningstar DBRS in March to A (low) from BBB (high), with a po
Slide 62: Bulgaria
Bulgaria ▪ Real GDP growth acceleration to 2.8% in 2024, from 1.9% in 2023, outperforming almost all EA and EU peers. The IMF (April 2025) expects growth of 2.5% in 2025, to be accelerated in 2026 (2.7%) ▪ Critical period for Eurozone readiness assessment ahead; Commission expected to release its Co
Slide 63: Appendix I – Supplementary information
1Q 2025 Results Appendix I – Supplementary information
Slide 64: Credit ratings
Credit ratings Greek Sovereign Cyprus Sovereign Bulgaria Sovereign Eurobank Eurobank Credit Rating Credit Rating Credit Rating Long Term Outlook Baa3 A3 Baa1 Baa1 Stable BBB A- BBB BBB- Stable BBB- A- BBB BBB- Stable BBB A low BBB high BBB Positive Note: Moody’s: Long term senior unsecured debt rati
Slide 65: Summary performance
Summary performance Balance sheet – key figures Income statement – key figures €m 1Q25 4Q24 €m 1Q25 4Q24 Gross customer loans 53,049 52,245 Net interest income 637.9 677.3 Provisions (1,331) (1,309) Commission income 169.2 215.3 Loans FVTPL 18 19 Operating income 827.1 890.3 Net customer loans 51,72
Slide 66: Consolidated quarterly financials – Income statement
Consolidated quarterly financials – Income statement (€ m) 1Q25 4Q24 3Q24 2Q24 1Q24 Net Interest Income 637.9 677.3 697.7 560.9 571.1 Commission income 169.2 215.3 167.8 147.1 135.6 Other Income 20.0 (2.3) 26.0 (2.1) 47.7 Operating Income 827.1 890.3 891.4 705.9 754.5 Operating Expenses (304.4) (317
Slide 67: Consolidated quarterly financials – Balance sheet
Consolidated quarterly financials – Balance sheet (€ m) 1Q25 4Q24 3Q24 2Q24 1Q24 Consumer Loans 4,591 4,535 4,482 3,615 3,516 Mortgages 12,515 12,474 12,325 9,791 9,736 Household Loans 17,106 17,008 16,807 13,406 13,251 Small Business Loans 3,557 3,586 3,537 3,353 3,375 Corporate Loans 28,194 27,307
Slide 68: Consolidated financials
Consolidated financials Income Statement (€ m) 1Q25 1Q24 Δ y-o-y (%) Net Interest Income 637.9 571.1 11.7 Commission income 169.2 135.6 24.8 Other Income 20.0 47.7 (58.1) Operating Income 827.1 754.5 9.6 Operating Expenses (304.4) (228.8) 33.0 Pre-Provision Income 522.7 525.6 (0.6) Loan Loss Provisi
Slide 69: SEE operations key figures – 1Q25
SEE operations key figures – 1Q25 Bulgaria HB ERB Cyp Lux Sum Assets 12,068 18,445 8,820 3,158 42,491 Gross loans 8,165 5,884 2,889 882 17,820 Balance Sheet Net loans 7,963 5,826 2,831 882 17,502 (€m) NPE loans 195 102 76 0 373 Deposits 9,043 15,880 7,325 2,859 35,107 CAD1 22.3% 36.1% 41.3% 23.3%4 C
Slide 70: Appendix II – Glossary
1Q 2025 Results Appendix II – Glossary
Slide 71: Glossary – Definition of Alternative Performance Measures
Glossary – Definition of Alternative Performance Measures (APMs) & other selected financial measures / ratios This document contains financial data and measures as published or derived from the published consolidated financial statements which have been prepared in accordance with International Fina
Slide 72: Glossary – Definition of Alternative Performance Measures
Glossary – Definition of Alternative Performance Measures (APMs) & other selected financial measures / ratios Adjusted net profit: Net profit/loss attributable to shareholders excluding restructuring costs, goodwill impairment / gain on acquisition, gains/losses related to the transformation plan an
Slide 73: Glossary – Definition of Alternative Performance Measures
Glossary – Definition of Alternative Performance Measures (APMs) & other selected financial measures / ratios Fees & commissions over assets ratio: The total of net banking fee and commission income & income from non banking services of the reported period divided by the average balance of continued
Slide 74: Glossary – Definition of Alternative Performance Measures
Glossary – Definition of Alternative Performance Measures (APMs) & other selected financial measures / ratios NPE Coverage ratio: Impairment allowance for loans and advances to customers and ECL allowance for credit related commitments (off balance sheet items), divided by NPEs at the end of the rep
Slide 75: Investor Relations contacts
Investor Relations contacts Dimitris Nikolos +30 214 4058 834 dnikolos@eurobankholdings.gr Yannis Chalaris +30 214 4058 832 ychalaris@eurobankholdings.gr Christos Stylios, CFA +30 214 4058 833 cstylios@eurobankholdings.gr Investor Relations Division +30 214 4058 834 investor_relations@eurobankholdin
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