Eurobank S.A. (ERBKY) Q2 2026 Earnings Call Transcript

Operator

Ladies and gentlemen, thank you for standing by. I’m Constantinos, your Chorus Call operator. Welcome, and thank you for joining the Eurobank conference call to present and discuss the second quarter 2026 financial results. At this time, I would like to turn the conference over to Mr. Fokion Karavias, CEO. Mr. Karavias, you may now proceed.

Fokion Karavias
CEO, Member of Executive Board & Executive Director

Ladies and gentlemen, good afternoon, and welcome to the Eurobank First Half 2026 Results Presentation. Together with me is our CFO, Harris Kokologiannis, and the Investor Relations team. We will start with some key recent developments, then present our results and answer your questions.

The global environment remains agile and challenging with geopolitical developments weighing on market sentiment and adding to inflation. Inflationary pressures will push euro rates higher even as the European economy remains subdued despite a better-than-expected second quarter performance. Nevertheless, the economies in the regions where we operate have so far demonstrated remarkable resilience, supported by a number of factors. First, investment activity remains robust. In Greece, in particular, the government recently unveiled a EUR 23 billion national development program for the period 2026 to 2030, focused on infrastructure, climate resilience and regional economic convergence. Second, the tourism sector continues to demonstrate resilience. In both Greece and Cyprus, tourist arrivals rebounded swiftly and current trends point to a season broadly in line with last year’s strong performance.