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Eurobank Delivers Robust Q1 Results Amid Gulf Tensions

Resilient Performance In A Challenging Environment

Eurobank reported adjusted net profit of €351 million for the first quarter of 2026, supported by stronger lending activity, operational efficiency and continued growth across its core markets. Reported net profit reached €331 million, while earnings per share stood at €0.09 and return on tangible book value reached 15.1%. The bank said performance remained resilient despite geopolitical tensions affecting global markets and the broader economic outlook.

Strong Lending And Organic Growth

According to CEO Fokion Karavias, the bank’s credit expansion was pronounced in all its key markets.  Organic loan growth reached €1.1 billion, representing an increase of nearly 10% year-on-year, while the overall loan portfolio also expanded by 10%. Managed funds increased by €0.3 billion and rose 25.9% compared with the same period last year, reflecting continued growth in wealth management activities.

International Operations Continue Supporting Growth

International operations accounted for 47% of adjusted net profit, with Cyprus and Bulgaria among the strongest-performing markets. In Greece, growth in corporate lending was supported by higher investment activity, while the mortgage market continued showing gradual improvement.

Strategic Navigation Through Geopolitical Uncertainty

Karavias said global and regional growth forecasts have weakened amid developments in the Gulf region, although Eurobank still expects its core markets to outperform broader eurozone growth levels. He added that Greece and Cyprus entered the current period of uncertainty with relatively strong fiscal positions, helping support households and businesses against external pressures.

Impressive Financial Metrics And Future Outlook

Eurobank’s first-quarter results also reflected continued operational efficiency across its core banking activities. Net interest income increased 4% year-on-year to €664 million, despite a decline in the net interest margin to 2.46%, mainly linked to lower interest rates set by the European Central Bank. At the same time, net fee and commission income rose nearly 20% to €203 million, supported by stronger lending activity, growth in wealth management services and contributions from the acquisition of ERB Insurance subsidiaries in Cyprus.

Additional financial indicators, including core income and pre-provision income, also recorded solid growth during the quarter. Eurobank maintained a capital adequacy ratio of 20.4% and a CET1 ratio of 15.4%, reinforcing the bank’s balance sheet strength amid continued geopolitical and market uncertainty. The bank said it remains on track to meet its 2026 targets while continuing to focus on organic growth opportunities across its core markets.

Conclusion

Eurobank’s first-quarter performance highlighted the bank’s ability to maintain profitability and growth despite a more volatile external environment. Continued lending expansion, stronger international operations and stable capital levels remain central to the group’s strategy as it navigates shifting economic and geopolitical conditions.

Women Make Up A Majority Of The EU’s Science And Technology Workforce But The Real Gap Is Elsewhere

Women now make up the majority of the EU’s science and technology workforce. According to Eurostat, in 2025, more than 81.6 million people aged 15 to 74 were employed in science and technology occupations across the EU. Of those, 52.5% were women, equal to 42.8 million women. The number of women in these occupations rose by 27.9% compared with 2015, an increase of more than 9.3 million over a decade.

On the surface, the numbers resemble progress. However, Eurostat’s category requires context before that figure can be read accurately. The data refers to HRST, or Human Resources in Science and Technology, specifically people employed in science and technology occupations. These are roles where the main tasks require professional or technical knowledge in physical and life sciences, but also in social sciences and humanities. That definition is wider and broader than engineering, ICT, laboratory science, or high-tech research alone.

Zooming In

The gender picture changes once the data moves from a wider definition of the workforce to the narrower scientist-and-engineer (research and manufacturing) subgroup.

Scientists and engineers represented almost a quarter of all people employed in science and technology in the EU in 2025. Eurostat describes scientists and engineers as often being the innovators at the centre of technology-led development, making them an important subgroup to focus on separately.

Women accounted for only 40.8% of scientists and engineers in 2025, despite making up more than half of the wider category. That share has increased by a mere 0.5 percentage points over the past decade. The absolute number of women working as scientists and engineers rose from 5.3 million in 2015 to 8.2 million in 2025, despite the push from national and international organisations to increase the number of women in the field. Europe has expanded the number of women in science and technology occupations over ten years. However, that expansion has not extended equally into the scientist-and-engineer subgroup, where much of Europe’s research and innovation work is conducted.

In 2025, of the 39.4 million women aged 25 to 64 working in science and technology occupations in the EU, 35.5 million worked in service activities. Only 2.7 million worked in manufacturing. Women accounted for 57.5% of science and technology employment in services, but only 31.3% in manufacturing.

In 2025, the highest shares of women employed in science and technology occupations were recorded in Latvia at 62.4%, followed by Hungary’s Great Plain and North region at 61.1%, Estonia at 60.5%, Poland’s Central macroregion at 60.4%, and Lithuania at 60.3%. No EU country recorded a majority of women among science and technology workers in manufacturing.

Break-down

Eurostat’s figures measure employment in broad science and technology occupations. They do not show job security, pay levels, management roles, promotion rates, research leadership, or whether women are concentrated in junior or senior workplace positions.

The classification of “senior” also requires additional explanation. Eurostat reports that 45.9% of science and technology workers aged 25 to 64 in the EU were classified as “senior” HRST in 2025. In this dataset, “senior” refers to workers aged 45 to 64. It does not mean senior manager, senior researcher, team lead, or decision-maker.

A high female share in the wider Human Resource Science and Technology (HRST) category does not parallel equal representation across scientists, engineers, manufacturing roles, senior posts, pay, research funding, or decision-making. These figures also reflect the occupational mix inside each country or region, not only structural progress across all areas of science and technology.

The Case Of Cyprus

Eurostat data places Cyprus’s overall science and technology employment at 37.2% of the labour force in 2025, slightly above the EU-27 figure of 36.9%, and above Greece at 26.8%, Malta at 33.9%, and Turkey at 18.2%. This figure covers the total share of the labour force employed in science and technology across all genders.

Progress Or Work-in-Progress?

52.5% in the broad category. 40.8% among scientists and engineers. 31.3% in manufacturing. Europe’s gender gap in science and technology hasn’t closed yet, and there is still work to be done to encourage and support more women to enter the field, especially in research and manufacturing.

Let’s not wait another decade for another couple of percentage points of hope.

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