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National Bank Of Greece Declares €200 Million Interim Dividend Amid Strong Growth

by THEFUTURE.TEAM

November 12, 2025

Robust Dividend Announcement

The National Bank of Greece (NBG) has confirmed the distribution of an interim dividend for the 2025 financial year. Following meetings of its Board of Directors on September 18 and October 22, 2025, the bank will disburse a total gross cash dividend of €200 million, equating to €0.2186 per share. After adjustments for shares held by the bank, the final gross dividend is set at €0.2210 per share.

Tax Implications And Key Dates

A 5% withholding tax will apply, resulting in a net dividend of €0.2100 per share for eligible shareholders, in accordance with Article 64 of Law 4172/2013, except where specific provisions under Articles 46, 48, and 63 alter the outcome. The ex-dividend date is scheduled for Monday, November 10, 2025, with shareholders needing to be registered in the Dematerialised Securities System (DSS) managed by Hellenic Central Securities Depository S.A. (ATHEXCSD) by Tuesday, November 11, 2025. Dividend payments will be processed on Friday, November 14, 2025, through NBG’s designated paying bank via participant banks and brokerage firms, as stipulated by ATHEXCSD regulations.

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Impressive Financial Performance

NBG’s first nine months of 2025 have underscored its robust performance. The bank reported net profits of approximately €1 billion, with earnings per share meeting the annual target at €1.40. Furthermore, the return on tangible equity (RoTE) was recorded at 15.6% on a normalized basis, while the reported figure hit 16.1%, comfortably surpassing the year-end goal of over 15%.

Solid Capital Foundation And Expanding Credit Portfolio

The bank has maintained a strong capital position, with a Common Equity Tier 1 (CET1) ratio of 19.0%—well above its 2025 target of 18%—and a total capital adequacy ratio of 21.8%. This solid base supports its strategic flexibility, including a planned total dividend payout of 60% of 2025 profits alongside the €200 million interim dividend. Additionally, credit growth has been notable with performing loans increasing by 12% year-on-year to €34.7 billion, alongside a non-performing exposure ratio of 2.5% and coverage at 101%.

Strategic Digital And Customer Initiatives

NBG continues its robust digital transformation efforts. Its migration to a new Core Banking System, scheduled for completion in the first quarter of 2026, and the launch of its AI-powered digital assistant, “Sophia,” are expected to further enhance operational efficiency and customer service. Digital engagement remains strong with over 4.4 million subscribers to its online channels, complemented by significant increases in both deposits and funds under management.

Commitment To Sustainability And Social Responsibility

The bank is also dedicated to sustainability and social impact initiatives. It is actively financing projects that aid Greece’s green transition and supports societal causes such as upgrading public school infrastructure through the “Marietta Giannakou” programme, along with providing aid to the National Emergency Aid Centre (EKAB) and communities affected by disasters in Chios.

Future Outlook And Leadership Commentary

Chief Executive Officer Pavlos Mylonas remarked, “The Greek economy has shown remarkable resilience amid global pressures, with robust domestic investment and record tourism projections underscoring our growth potential.” Mylonas highlighted that favourable labour market conditions, coupled with supportive fiscal and monetary policies, fortify Greece’s economic outlook. He also noted that the bank’s strong capital position and steady dividend commitment ensure enhanced shareholder value and support for strategic investments.

Conclusion

NBG’s interim dividend announcement and impressive financial metrics reflect its strategic positioning for continued growth. With a clear focus on digital innovation, sustainable investments, and maintaining a robust capital structure, the bank remains well-equipped to navigate the evolving economic landscape while delivering value to its shareholders and supporting Greece’s broader economic development.

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Solar Photovoltaics Drive Global Energy Demand: A Renewable Milestone

by THEFUTURE.TEAM

April 22, 2026

Solar Photovoltaics Lead The Charge

Solar photovoltaic (PV) systems accounted for 27% of global energy demand growth in 2025, marking the first time a single renewable technology has led the increase. This compares with overall demand growth of 1.3% in 2025, 2% in 2024, and an average of 1.4% over the previous decade, highlighting the accelerating role of solar in the global energy mix.

Surpassing Traditional Energy Sources

Solar PV outpaced natural gas, which contributed 17% of the increase in energy demand. According to the International Energy Agency (IEA), new solar installations added capacity equivalent to 600 terawatt-hours (TWh), bringing total solar generation to 2,700 TWh, or roughly 8% of global electricity production. This shift reflects growing reliance on renewable energy for power generation across major markets.

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Traditional Fuels Under Pressure

Demand for fossil fuels showed slower growth. Natural gas consumption rose by 1% in the first half of the year, compared to 2.8% in 2024. Oil demand increased by 0.7%, with additional daily consumption reaching 650,000 barrels, down from 750,000 in 2024 and well below pre-pandemic increases of around 1.4 million barrels per day. Part of this slowdown is linked to the substitution of cleaner energy sources. Electric vehicle sales rose by 20% in 2025, accounting for roughly one-quarter of the global market.

Mixed Trends In Coal Consumption And Emissions

Coal demand increased by 0.4%, reflecting diverging regional trends. China and India reduced coal use as renewable capacity expanded, while the United States increased coal consumption in response to higher electricity demand. Coal contributed around 9% to demand growth, similar to wind energy.

Global CO2 emissions from the power sector rose by approximately 0.4%. Emissions declined in China due to increased use of renewables and nuclear energy, while U.S. emissions increased alongside higher coal usage.

Record-Breaking European Renewable Production

Europe recorded strong growth in renewable generation in the first quarter of 2026. Solar output increased by 15%, marking the highest quarterly rise on record, while wind generation grew by 22% year over year. Total renewable production reached 384.9 TWh, supported by solar, wind, and hydroelectric output. These gains helped offset volatility in gas markets linked to geopolitical tensions, including developments involving Iran.

Looking Ahead

Renewables are taking a larger share of global energy demand growth, with solar PV at the center of this shift. Combined contributions from renewables, biofuels, and nuclear energy now account for roughly 60% of new demand, indicating continued structural change in the global energy system.