Earnings per share

Piraeus to cut NPE ratio below 6%

Published by Kathimerini on Wed, 02/01/2023 - 05:17

Piraeus Bank, Greece's fourth-largest lender by market value, said on Monday it will cut its nonperforming exposures (NPE) ratio to below 6% of its loan portfolio in 2023.

Under a business plan for 2022-2025, unveiled last year, Piraeus aimed to decrease its NPE ratio to 3% by 2025 and possibly start paying out dividends from 2024 onward.