Piraeus Bank sees stable growth by 2028 after strong 2024 profit

(Reuters) -Piraeus Bank, Greece’s third-largest lender by market value, on Monday reported a double-digit rise in 2024 profit on higher net interest income and increased lending.

Net earnings came in at 1.1 billion euros ($1.15 billion), up from 788 million euros in 2023.

Piraeus said profit remained stable at about the same level each year by 2028.

($1 = 0.9532 euros)

(Reporting by Antonis Pothitos and Angeliki Koutantou, Editing by Louise Heavens)

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