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Eurobank returned to business as usual | TheGreekDeal.com
FOKION KARAVIAS
Eurobank returned to business as usual
CEO of Eurobank Group Fokion Karavias said that in 2023, the dividend will represent 30% of net profit and will be distributed for the first time in 16 years (the last distribution year was 2007).
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Fokion Karavias, CEO Eurobank

Eurobank distributes a dividend of EUR 0.0933 per share (adjusted), corresponding to €342 million for the previous financial year.

As stated by Eurobank Group CEO Fokion Karavias, the dividend distribution becomes possible for the first time in 16 years (the last distribution year was 2007), and the distributed dividend corresponds to 30% of net profit in 2023.

This is a historic moment of "return to business normality," as Karavias pointed out, and the bank looks forward to increasing this percentage to 50% of net profits in the coming years. According to the timetable, the dividend cut-off date was set for July 25, the determination of the shareholders' beneficiaries was set for July 26, and the dividend payment start date was set for July 31.

Eurobank's CEO referred to the bank's upgrade by Moody's and DBRS, which rated Eurobank's investment grade for the first time since 2011, as well as Eurobank's financing policy with a focus on sustainable financing.

Referring to the Greek economy, Mr. Karavias stressed the need to boost investment so that, from the current level of 14% of GDP, it approaches European levels, i.e., 21.4%. "According to very recent calculations by the Department of Economics studies of Eurobank, assuming an average economic growth rate of 2.5% for the next 10 years, in order to reach the European average in 2033, investment in Greece needs to grow by 6.7% per year, in real terms and continuously for the next 10 years. I believe that we can achieve this; it is not an easy goal, but it must become the polaris of economic growth. policy for the coming years," he said.

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