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Greek Insurance and Banking Sectors Show Strong Growth in 2025

Economy & businessEconomy
Greek Insurance and Banking Sectors Show Strong Growth in 2025
Key Points
  • Greek insurance grew 5.6% in 2025 with strong non-life and life segments.
  • Greek banks reported record profits and plan large shareholder distributions.
  • European banks slightly closed the gap with US banks in profitability.

6% in 2025. 7% of the sector. 7% increase.

8 million euros in 2024, though the official confirmation status of these figures is not yet announced. 2 billion euros in 2025, up from approximately 1 billion euros in 2024. 5% of the country's GDP, creates over 50,000 direct and indirect jobs, and manages long-term funds approaching 18 billion euros, according to the Union of Insurance Companies of Greece.

7 billion euros per year in compensation, over 10 million euros per day, as stated by the President of the Union of Insurance Companies of Greece, Alexandros Sarigiannis. 62 billion euros in profits. 3 billion euros to shareholders in 2026 for 2025 profits, but the detailed breakdown of how Greek banks plan to sustain high dividend payouts in future years is unclear.

07 billion euros for 2025. 259 billion euros. 3 million euros for 2025, increasing distributions to shareholders to 55% of net profits after taxes, amounting to 519 million euros.

4 billion euros, 50% of which came from activities outside Greece, and increased shareholder rewards, distributing 55% of profits for 2025, totaling 717 million euros. In a broader context, an analysis by EY reports that Europe's leading banks have slightly caught up to US competition in the past year. EY states that the ten largest European banks increased their total profit by almost eight percent year-on-year, while the ten largest US banks saw their results decline by around nine percent year-on-year.

The cumulative net profit of the top 10 US banks was approximately 164 billion euros, almost 80 percent higher than the top 10 European banks, which totaled around 92 billion euros. US banks have led in all years of the past decade, according to EY. EY partner Ralf Eckert notes that the US government's tariff policy is not leaving US banks unscathed, as credit quality has noticeably deteriorated for the second year in a row, though the specific reasons behind the 9% decline in US bank profits beyond tariff policy impacts are not detailed.

Eckert adds that US banks remain superior to their European peers in key metrics, though not as clearly as in the recent past. 6 billion euros in 2025, and HSBC achieved the highest result among European banks in the past year, with nearly 19 billion euros in profit. 8 percent for European banks.

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