The National Bank of Greece (NBG) has announced it will distribute an interim dividend of €200 million, reflecting its record profitability in 2025.
- The National Bank of Greece (NBG) has announced it will distribute an interim dividend of €200 million, reflecting its record profitability in 2025.
Details of the Interim Dividend
Following meetings of its Board of Directors on September 18 and October 22, 2025, NBG confirmed that shareholders will receive a gross amount of €0.2186 per share from the total dividend. This figure will be adjusted to €0.2210 per share to account for shares held by the bank itself. After a withholding tax of five per cent is applied, shareholders can expect a net amount of €0.2100 per share, unless special provisions under Articles 46, 48, and 63 of Law 4172/2013 are applicable.
Key Dates for Shareholders
The ex-dividend date is set for Monday, November 10, 2025, which means NBG shares will trade without the right to receive the dividend from that date. Shareholders registered in the Dematerialised Securities System (DSS) managed by the Hellenic Central Securities Depository (ATHEXCSD) on Tuesday, November 11, 2025, will be eligible for the payment. Funds are scheduled to be paid out on Friday, November 14, 2025, through the bank’s own channels, including banks and brokerage firms that are participants in the DSS.
Strong Financial Performance Underpins Dividend Announcement
NBG has reported net profits of approximately €1 billion for the first nine months of 2025, demonstrating robust performance even amidst challenging economic conditions. The bank’s earnings per share stand at €1.40, aligning with its annual target. The return on tangible equity (RoTE) was recorded at 15.6 per cent on a normalised basis, while the reported figure reached 16.1 per cent, surpassing the bank’s goal of over 15 per cent by year-end.
Growth in Lending and Portfolio Quality
The surge in profitability is supported by a notable expansion in performing loans, which grew by 12 per cent year-on-year to €34.7 billion, an increase of €1.8 billion since the start of 2025. This positive trend is expected to accelerate further in the fourth quarter, with NBG aiming for over €2.5 billion in new lending for the full year. The non-performing exposure (NPE) ratio stands at a favourable 2.5 per cent, well-aligned with the bank’s targets, while coverage reached 101 per cent. The cost of risk has also improved, measuring 41 basis points, below the annual target of 45 basis points.
Capital Position and Strategic Flexibility
NBG boasts one of the strongest capital positions in Europe, with a Common Equity Tier 1 (CET1) ratio of 19.0 per cent, exceeding its 2025 target of 18 per cent. This solid capital base provides the bank with strategic flexibility, enabling it to maintain a payout ratio of 60 per cent of 2025 profits while distributing the €200 million interim dividend.
Digital Transformation and Customer Engagement
The bank is also witnessing growth in its customer base and digital channels, with deposits increasing by €1.4 billion year-on-year. A significant 81 per cent of these deposits are held in current and savings accounts. Funds under management have risen by €2.2 billion, reflecting an increasing customer interest in investment products. NBG’s digital transformation strategy is progressing, with the completion of a migration to a new Core Banking System anticipated in the first quarter of 2026, aimed at enhancing efficiency and service quality.
Commitment to Sustainability and Community Initiatives
In alignment with global sustainability trends, NBG continues to finance projects that foster environmental and social impact, actively contributing to Greece’s green transition. Additionally, the bank supports various social initiatives, such as the “Marietta Giannakou” programme that upgrades public school infrastructure and provides assistance to the National Emergency Aid Centre (EKAB) and areas affected by fires in Chios.
CEO Insights on Economic Resilience
Pavlos Mylonas, NBG’s Chief Executive Officer, commented on the resilience of the Greek economy amidst global geopolitical pressures, noting that domestic investments and business activities remain robust. He highlighted a record-high forecast for tourism and resilient goods exports, which reflect the competitiveness of the domestic business sector. Mylonas stated, “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.”
Looking ahead, Mylonas expressed confidence in the bank’s ability to capitalise on its current momentum as it enters the final quarter of the year, with an emphasis on sustainable growth through ongoing investments in technology and human capital.
