Optima Bank Reports Over €160M in Profits, Dividend Payment on June 27

Optima Bank is set to report profits exceeding €160 million this year, with a return on equity surpassing 22%, as announced by CEO Dimitris Kyparissis during the Q1 results presentation. The bank plans to issue Tier II bonds worth €150 million by the end of June to maintain its capital ratio comfortably above 16%. Shareholders will receive a dividend of €0.57 per share, payable on June 27. A recent shareholders’ meeting approved a stock split (3 new shares for every 1 old share) and a buyback program costing up to €3 million. Based on Q1 performance, Kyparissis stated that loan and deposit targets are being upgraded. The new goals include increasing net lending by approximately €1 billion by 2025 and deposits by around €1.25 billion (+27% annually). These projections assume an Euribor rate of 2% by year-end and time deposits making up about 50% of total deposits. Optima Bank boasts the best return on tangible equity (24.8%) among Greek banks and one of the best in the EU, excelling in net interest margin (3.53%), cost-to-income ratio (26.3%), annual deposit growth (+43%), loan growth (+42%), and non-performing loans (0.90%). The CEO highlighted the bank’s superior growth compared to the market and its high customer satisfaction index of 84.01.