Eurobank Ergasias Services and Holdings (EUROB) investor relations material

Executive summary

• Delivered strong organic growth and profitability in H1 2026, with adjusted net profit at €776m (up 9.2% y-o-y), reported net profit at €738m, and ROTBV at 16.6%.

• EPS reached €0.20, with non-Greek operations contributing nearly half of adjusted net profit.

• Total assets rose to €113bn, with significant contributions from Greece, Cyprus, and Bulgaria.

• Regional economies showed resilience, supported by investment activity, tourism, and prudent fiscal management.

• Completed key strategic initiatives, including digital transformation, international expansion, and the merger by absorption of Eurobank Holdings by Eurobank.

Financial highlights

• Net interest income rose 6.1% y-o-y to €1,348m; net fee and commission income up 13.5% y-o-y to €414m.

• Core pre-provision income at €1,100m, up 7.7% y-o-y; core operating profit before tax at €952m, up 10% y-o-y.

• Operating expenses increased 7.8% y-o-y to €662m; cost-to-income ratio at 36.6%.

• Group deposits at €86.4bn; gross customer loans at €58.1bn; loan-to-deposit ratio at 66%.

• Loan loss provisions declined 4.9% y-o-y to €148m.

Outlook and guidance

• Full-year 2026 EPS expected to grow well above 10%, with ROTBV close to 17%.

• NII guidance revised up to over €2.7bn for 2026, implying 7% y-o-y growth; fee income organic growth outlook raised to nearly 10%.

• Shareholder reward ratio to remain above 50%, subject to regulatory approval.

• Focus on digital transformation, international expansion, and maintaining low NPE ratios.

• OpEx target reaffirmed at €1.33bn, up 5.5% y-o-y.