Eurobank Ergasias Services and Holdings S.A. announced that the European Central Bank (ECB) approved a cash dividend of 342 million euros, or 0.0933 euros per share. This amount corresponds to a distribution rate of 30% on the net profits of the year 2023.
This is an important milestone as it marks the first dividend distribution in 16 years, underscoring Eurobank’s strength and well-diversified operating model, which focuses on creating value for its shareholders.
Alpha Services and Holdings S.A., parent company of Alpha Bank S.A., announced that it has received approval from the supervisory authorities for the distribution of a dividend of 122 million euros, corresponding to 20% of the 2023 profits. The amount is equivalent to the distribution of 20% of the profits.
“We are proud to return to our bank’s long tradition of rewarding shareholders. The approval of the supervisory authorities for the resumption of the payment of dividends constitutes the sealing of the complete return of the bank to normality, after the outbreak of the financial crisis,” said the CEO of the Group, Vassilis Psaltis.
National Bank also announced that it received the approval of the European Central Bank for the distribution of a cash dividend of 332 million euros, or 0.36 euro per share, which corresponds to a payout ratio amounting to 30% of the net profits of 2023.
The return to the distribution of dividends is a landmark development for National Bank, while it is a practical recognition of the strong balance sheet, the maintenance of profitability at high levels, as well as the continuous creation of funds.
Last but not least, Piraeus Financial Holdings S.A. announced that following a related application submitted to the single supervisory mechanism in April 2024, it received the necessary approval for a cash distribution of 79 million euros to the shareholders of Piraeus.
