Athens, Greece. Eurobank reported an adjusted net profit of €351 million for the first quarter of 2026, citing strong lending activity, resilient operating performance and continued growth across its core markets. Reported net profit was €331 million.
Profitability and returns
Eurobank said earnings per share stood at €0.09 and the return on tangible book value reached 15.1 per cent. Chief executive officer Fokion Karavias said the bank continued solid performance and organic growth despite what he described as a challenging environment.
Lending activity and loan growth
Karavias said credit expansion was strong across all core markets, with organic loan growth totaling €1.1 billion in the first quarter and the loan book growing 10 per cent year-on-year. The bank reported organic loan growth of €1.1 billion, representing an increase of 9.8 per cent year-on-year.
Managed funds and wealth management
Eurobank said managed funds increased by €0.3 billion during the quarter, rising 25.9 per cent year-on-year to €10.2 billion. Karavias said wealth management delivered strong results, with managed funds up 26 per cent year-on-year.
International contribution and core markets
The group said non-Greek operations contributed 47 per cent of adjusted net profit, highlighting the role of international operations, particularly Cyprus and Bulgaria, in profitability. Karavias said corporate loans in Greece grew significantly due to increased investments, while mortgages were gradually recovering, and noted that non-Greek operations contributed around half of group profits.
How do you expect Eurobank’s loan growth in its core markets to affect its results for the rest of 2026?