National Bank of Greece SA (LUX:GREEC)

Q1 2025 National Bank of Greece SA Earnings Call Transcript

May 8, 2025 / 04:00 PM GMT

Release Date Price: €92.25

Transcript

Key Points

Positve

National Bank of Greece SA (NBGPRA.PFD) reported strong profitability in Q1 2025, with profits exceeding EUR 380 million and a return on tangible equity over 19%.
The bank's earnings per share, normalized for trading results, stood at EUR 1.44, surpassing the full-year guidance of EUR 1.3.
Credit expansion was healthy, with a net increase of EUR 0.3 billion in Q1, and a strong pipeline of approved corporate credits over EUR 2 billion.
The bank's capital position strengthened, with a CET1 ratio increasing by 40 basis points to 18.7%, and a total capital ratio of 21.5%.
The bank's cost-to-income ratio remains low at 30%, evidencing strong top-line resilience and efficient cost management.

Negative

Net interest income was down 4% quarter-on-quarter, reflecting a significant drop in average arrival rates by approximately 100 basis points.
Operating expenses increased by 5% year-on-year, driven by higher wages, variable remuneration, and investments in human capital.
Despite strong originations, the performing loan stock remained flat in Q1 due to factors like FX impact and amortization of securitization bonds.
The bank faces potential risks in the shipping sector, with concerns about lower trade volumes impacting shipping loans.
There is uncertainty regarding the impact of lower interest rates on net interest income, with sensitivity to EUR rates remaining a concern.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NBGr.AT - National Bank of Greece SA
Q1 2025 National Bank of Greece SA Earnings Call
May 08, 2025 / 04:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and gentlemen, thank you for standing by. I am Gay, your chorus call operator. Welcome and thank you for joining the National Bank of Greece conference call to present and discuss the first quarter 2025 financial results. At this time, I would like to turn the conference over to Mr. Pablos Millonas, CEO of National Bank of Greece. Mr. Milonass, you may now proceed.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Good afternoon everyone. Welcome to our first quarter 2025 financial results call.

I'm joined by Jesustodulu, the group's group CFO, and Greg

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.