National Bank of Greece Announces €200 Million Interim Dividend Amid Strong Nine-Month Results

The National Bank of Greece (NBG) has announced that, following meetings of its Board of Directors held on September 18 and October 22, 2025, it will distribute an interim dividend to shareholders for the 2025 financial year, underscoring the bank’s robust profitability and commitment to enhanced shareholder returns.

A total gross amount of €200 million will be distributed in cash, equivalent to €0.2186 per share. This figure will be adjusted to include shares held by the bank itself, resulting in a final gross amount of €0.2210 per share. A withholding tax of five per cent will be applied in accordance with Article 64 of Law 4172/2013, meaning shareholders will receive a net amount of €0.2100 per share, except where specific exemptions apply under Articles 46, 48, and 63 of the same law.

The ex-dividend date, from which NBG shares will trade without the right to receive the distribution, has been set for Monday, November 10, 2025, while shareholders registered in the Dematerialised Securities System (DSS) managed by the Hellenic Central Securities Depository S.A. (ATHEXCSD) on Tuesday, November 11, 2025, will be eligible to receive payment. The dividend payment date has been scheduled for Friday, November 14, 2025.

Payment will be executed through the paying bank, the National Bank of Greece S.A., via DSS participants—banks and brokerage firms—in accordance with ATHEXCSD’s regulations and related decisions. In cases where payments are due to heirs of deceased shareholders whose securities are held in the Special Account under ATHEXCSD’s management, disbursement will take place after verification of the relevant legal documentation. Any amounts not collected within five years will be forfeited to the Greek State. The dividend distribution remains subject to approval by the European Central Bank.

NBG reported strong profitability and sustained growth for the first nine months of 2025, providing a solid foundation for meeting its annual objectives. Net profits reached approximately €1 billion, demonstrating resilience despite the impact of falling interest rates, while earnings per share stood at €1.40, consistent with the bank’s annual target. The return on tangible equity (RoTE) reached 15.6 per cent on a normalised basis, with the reported figure at 16.1 per cent, surpassing the goal of over 15 per cent by the end of the year.

An interim dividend of €200 million will be distributed on November 14, 2025, and management projects a total payout of 60 per cent of 2025 profits. The bank also recorded strong credit expansion and further improvements in asset quality, as performing loans grew by 12 per cent year-on-year to €34.7 billion, an increase of €1.8 billion since the beginning of the year. This positive momentum is expected to accelerate in the fourth quarter, allowing NBG to meet its full-year goal of over €2.5 billion in new lending.

The non-performing exposure (NPE) ratio stood at 2.5 per cent, fully in line with the bank’s targets, while coverage reached 101 per cent. The cost of risk was reported at 41 basis points, remaining below the annual target of 45 basis points. These results confirm the ongoing strengthening and resilience of NBG’s balance sheet.

The bank maintains one of the strongest capital positions among European financial institutions, with a Common Equity Tier 1 (CET1) ratio of 19.0 per cent—exceeding the 2025 target of 18 per cent—and a total capital adequacy ratio of 21.8 per cent. This solid capital base provides strategic flexibility and supports shareholder returns through the 60 per cent payout policy and the interim dividend announced.

In addition to its financial performance, NBG reported growth in both its customer base and digital channels. Deposits increased by €1.4 billion year-on-year, with 81 per cent held in current and savings accounts, while funds under management rose by €2.2 billion, indicating heightened investor appetite for financial products.

The bank’s ongoing digital transformation remains a key strategic priority, with the transition to its new Core Banking System expected to conclude in the first quarter of 2026, a move set to enhance efficiency and service quality. NBG has also deepened its investment in artificial intelligence, launching its digital assistant “Sophia”, which is already operational. The growing use of digital channels, which now count 4.4 million subscribers, highlights the success of this technological evolution.

Aligned with global sustainability objectives, NBG continues to finance projects with environmental and social impact, actively contributing to Greece’s green transition. The bank is also involved in several social initiatives, including the “Marietta Giannakou” programme, which focuses on upgrading public school infrastructure, and the provision of aid to the National Emergency Aid Centre (EKAB) and fire-affected communities in Chios. Through these initiatives, the bank continues to act as a pillar of stability and solidarity within Greek society.

“The Greek economy continues to demonstrate resilience and adaptability in the face of global geopolitical pressures, while domestic investment and business activity remain robust,” said Chief Executive Officer Pavlos Mylonas. He noted that “it was remarkable that tourism was on track to achieve a new record high, while exports of goods remained resilient despite external challenges, reflecting the competitiveness of the domestic business sector.”

“The financial position of households continues to strengthen, supported by favourable labour market conditions, while supportive fiscal and monetary policies, improving financial conditions, and sustained inflows of foreign investment further reinforce Greece’s growth prospects,” Mylonas added.

“Our results for the first nine months of 2025 reflect the strong momentum of both the Greek economy and our bank, laying solid foundations for achieving our upgraded targets for the year,” said Mylonas. He explained that profitability remained strong, with revenues proving resilient amid declining interest rates, supported by loan growth and rising fee income.

He further stated that “the Group’s net profits reached approximately €1 billion for the nine-month period, with a RoTE of 15.6 per cent, exceeding the revised target of over 15 per cent for 2025.”

“Our strong capital position continues to be a key advantage, with the CET1 ratio increasing by 70 basis points since the start of the year to 19.0 per cent, providing flexibility for growth, value-accretive opportunities, and enhanced shareholder returns,” said Mylonas. He confirmed that the bank would distribute an interim dividend of €200 million on November 14, while setting aside provisions for a total payout of 60 per cent of 2025 profits.

“Looking ahead, we are well-positioned to capitalise on our momentum as we enter the final quarter of the year,” Mylonas said. He emphasised that the bank remains dedicated to sustainable growth through investments in technology and human capital, enhancing the customer experience through digital transformation, and building a stronger, more innovative institution for the future.

“Our solid capital position, disciplined execution of business objectives, and strategic vision reinforce confidence in our ability to deliver sustainable value for our shareholders while supporting Greece’s energy transition, infrastructure development, and innovation ecosystem,” Mylonas concluded.

By fLEXI tEAM