Net interest income grew by 46.9% year on year in 2023 to 2.17 billion euros, driven by loans, bonds, derivative products and international business.

The bank, which is 1.4% owned by the country's HFSF bank rescue fund, says it will generate mid-teens ROE and gradually increase its payout ratio towards 50% in 2026.

Eurobank's non-performing loan exposure (NPE) ratio fell to 3.5% at the end of December, from 5.2% at the end of 2022.

($1 = 0.9162 euros)

(Reporting by Antonis Triantafyllou in Gdansk)