Greece’s four major banks reported profits of over €2.4 billion

Greece’s four systemic banks (National Bank, Alpha Bank, Piraeus Bank, and Eurobank) posted combined profits of over €2.4 billion in the first half of 2025, up from just over €2.2 billion in the same period last year.

All four reported increased revenue from interest, fees, and commissions. According to their statements, the main factors driving this profitability were the normalization of the global economy, the completion of U.S.–EU trade agreements, and the stronger performance of the Greek economy compared to the rest of the Eurozone.

Banks are classified as “systemic” based on criteria such as their size and their importance to both the Greek and European economies.

Specifically, National Bank of Greece recorded the highest post-tax profits at €701 million (down slightly from €708 million in H1 2024), followed by Eurobank with €691 million (down from €721 million), Piraeus Bank with €559 million (down from €563 million), and Alpha Bank with €517 million (up from €322 million).

The designation of a bank as a systemically important institution is made by the Bank of Greece, based on a scoring system that considers factors such as size, economic significance in Greece and the EU, importance of cross-border activity, and the degree of interconnectedness within the financial system.