Financial Data and Key Metrics Changes - Piraeus Bank reported normalized earnings of €0.21 per share, exceeding the full year 2023 guidance provided earlier [7] - The return on average tangible book was 17.6% [7] - Net interest income grew by 9% quarter-over-quarter, supported by net interest margin expansion and deposit cost containment [7] - Operating expenses decreased by 8% year-on-year, resulting in a cost-to-income ratio of 29%, down from 32% in Q2 [7] - The CET1 ratio improved to 12.9%, up 54 basis points quarter-on-quarter [8] Business Line Data and Key Metrics Changes - Net credit expansion was €240 million in Q3 and €830 million for the nine months of 2023, driven by strong demand from Greek businesses [9] - Assets under management in the wealth and asset management division reached €8.5 billion, reflecting a 4% increase in Q3 [12] Market Data and Key Metrics Changes - The Greek economy's real GDP grew by 2.4% annually in the first half of 2023, outperforming the Eurozone average of 0.9% [5] - Piraeus Bank has captured over 40% market share in the RRF, having dispersed nearly €270 million to approximately 50 credit Greek businesses, primarily SMEs [9] Company Strategy and Development Direction - The company is focused on maintaining net revenue growth and operational excellence, with a strong emphasis on wealth and asset management as a strategic priority [4][20] - Piraeus Bank aims to continue improving its capital position and has already met its MREL target of 21.8% ahead of schedule [8][11] - The bank's competitive advantages and financial strength position it favorably against local and European peers [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting or exceeding 2023 financial targets, citing a strong track record of financial transformation [13] - The management noted that the recent upgrade of Greece's sovereign rating could provide some relief on risk-weighted assets, particularly in corporate exposures [19] - The outlook for asset quality remains positive, with expectations of a drop in the NPE ratio below 5% [35] Other Important Information - The liquidity coverage ratio stands at 242%, and the loan-to-deposit ratio is at 62%, indicating a strong liquidity profile [10] - The bank's capital generation was robust, with a 130 basis point increase in the CET1 ratio over the nine months of 2023 [11] Q&A Session Summary Question: Net interest margin outlook and hedging strategy - Management expects net interest margin to remain stable around 2.5% in 2024, with a strategic focus on structural hedging to mitigate potential NII erosion [18][19] Question: Implications of S&P's upgrade of Greece's sovereign grade - Rating upgrades are expected to provide some RWA relief, particularly on corporate exposures, though the impact is still being quantified [19] Question: Growth in assets under management - The increase in assets under management is attributed to improved penetration of asset management products and market share gains [20] Question: Evolution of credit spreads and lending expansion - Management anticipates a slight erosion of credit spreads but expects net interest margin to remain above 2% [23] Question: Asset quality outlook - The NPE ratio is expected to continue declining, with management not foreseeing major concerns regarding asset quality [24] Question: Capital generation and guidance for Q4 - Q4 is expected to be a strong growth quarter, with no significant changes to the capital target anticipated [38] Question: Digital euro impact - The bank is assessing the potential risks and opportunities associated with the digital euro, with plans to incorporate findings into the new business plan [38]

Piraeus Financial Holdings S.A. (OTCPK:BPIRY) Q2 2023 Earnings Conference Call July 31, 2023 10:30 AM ET Company Participants Christos Megalou - Chief Executive Officer Theo Gnardellis - Chief Financial Officer Chryssanthi Berbati - Head of Business Planning, IR & ESG Xenofon Damalas - Investor Relations Officer Conference Call Participants Alevizos Alevizakos - AXIA Ventures Mehmet Sevim - JPMorgan Mikhail Butkov - Goldman Sachs Osman Memisoglu - Ambrosia Capital Simon Nellis - Citigroup Luis Garrido - Ba ...

Piraeus Financial Holdings S.A. (OTCPK:BPIRY) Q1 2023 Earnings Conference Call May 5, 2023 8:00 AM ET Company Participants Christos Megalou - Chief Executive Officer Theo Gnardellis - Chief Financial Officer Conference Call Participants Iqbal Nida - Morgan Stanley Butkov Mikhail - Goldman Sachs Memisoglu Osman - Ambrosia Capital David Daniel - Autonomous Research Gerstenkorn Maximilian - Jefferies Operator Ladies and gentlemen, thank you for standing by. I'm Poppy your Chorus Call operator. Welcome and than ...

f PIRAEUS FINANCIAL HOLDINGS First Quarter 2023 F i n a n c i a l R e s u l t s 5 May 2023 Contents 01. Executive Summary 02. Relative Value 03. Financial Analysis 04. Transformation Program 05. ESG & Energy Transition 06. Annex IBV li 01. Executive Summary EQUALL: Piraeus' corporate responsibility program comprising initiatives that promote gender equality in the workplace, marketplace and society 4 Piraeus Bank: the leading bank in Greece y #1 in loans (25%) and deposits (27%) in Greece | --- | |--------- ...

PIRAEUS FINL HLDGS S A ADR (OTCPK:BPIRY) Q1 2022 Earnings Conference Call May 12, 2022 10:30 AM ET Company Participants Christos Megalou – Chief Executive Officer Theo Gnardellis – Group Financial Officer Conference Call Participants Scorza Floriani Jonas – Axia Ventures Memisoglu Osman – Ambrosia Capital David Daniel – Autonomous Research Butkov Mikhail – Goldman Sachs Tsourtis Petros – Optima Bank Operator Ladies and gentlemen, thank you for standing by. I am Maria, your Chorus Call operator. Welcome, and ...

PIRAEUS FINANCIAL HOLDINGS Corporate Presentation M A R C H 2022 Contents 01. Executive Summary 02. Sunrise Plan Update 03. Financial Performance 9M.21 04. Annex 01. Executive Summary 00000 2 3 3 200 Tomorrow is taking off today At Praeus Bank we believe your dreams can shape somorrow t øl The Greek macro provides sizeable room for solid optimism: from reforms to investments and from NPE plunge to "Greece 2.0" 30 35 40 45 50 55 Q1.19Q2.19Q3.19Q4.19Q1.20Q2.20Q3.20Q4.20Q1.21Q2.21Q3.21Q4.21Q1.22Q2.22Q3.22Q4.22 ...

Piraeus Financial Holdings S.A. (OTCPK:BPIRY) Q4 2021 Earnings Conference Call March 15, 2022 12:00 PM ET CompanyParticipants Christos Megalou - Chief Executive Officer Theodore Gnardellis - Chief Financial Officer Conference Call Participants Floriani Jonas - Axia Ventures Sevim Mehmet - JPMorgan Memisoglu Osman - Ambrosia Capital David Daniel - Autonomous Research Butkov Mikhail - Goldman Sachs Garrido Luis - Bank of America Operator Ladies and gentlemen, thank you for standing by. I am Maria, your Chorus ...

Piraeus Financial Holdings S.A. (OTCPK:BPIRY) Q3 2021 Results Conference Call November 19, 2021 7:00 AM ET Company Participants Christos Megalou - CEO Theodore Gnardellis - CFO Conference Call Participants Sevim Mehmet - JP Morgan Jonas Floriani - Axia Ventures Corinne Cunningham - Autonomous Research Kostantinos Manolopoulos - Optima bank Osman Memisoglu - Ambrosia Capital David Daniel - Autonomous Research Operator Ladies and gentlemen, thank you for standing by. I am Constantino, your chorus call operato ...

Piraeus Financial Holdings SA (OTCPK:BPIRY) Q2 2021 Results Conference Call August 4, 2021 11:00 AM ET Company Participants Christos Megalou - CEO Theodore Gnardellis - CFO Chrys Berbati - Investor Relations Conference Call Participants Jonas Floriani - Axia Ventures Mehmet Sevim - JPMorgan Osman Memisoglu - Ambrosia Capital Daniel David - Autonomous Research Alberto Cordara - Bank of America Corinne Cunningham - Autonomous Research Operator Ladies and gentlemen, thank you for standing by. I am Maria, your ...

PIRAEUS FINL HLDGS S A ADR (OTCPK:BPIRY) Q4 2020 Earnings Conference Call March 16, 2021 12:00 PM ET Company Participants Christos Megalou - CEO Theodore Gnardellis - CFO Chrys Berbati - IR Conference Call Participants Jonas Floriani - Axia Ventures Corinne Cunningham - Autonomous Research Alberto Nigro - Mediobanca Mehmet Sevim - JPMorgan Osman Memisoglou - Ambrosia Capital Alberto Cordara - Bank of America Alberto Nigro - Mediobanca Operator Ladies and gentlemen, thank you for standing by. I'm Constantino ...