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Piraeus Bank

Greek Banks Win Credit Upgrades from Fitch and Moody’s

Greek systemic banks earned credit upgrades from credit agencies Fitch and Moody's on Tuesday following a recent round of upgrades of Greece's credit rating. Fitch Ratings upgraded Eurobank SA's Long-Term Issuer Default Ratings (IDRs) to 'BB' from 'BB-', and Viability...

Piraeus Bank Among Europe’s Climate Leaders for 2022

Piraeus Bank is among the top 400 Climate Leader companies in Europe for the second consecutive year, according to the Financial Times. Piraeus Bank is the only Greek company included in the Financial Times list of "Europe's Climate Leaders" in...

Piraeus Bank Presents Healthy Outlook as it Cuts Exposure to Bad Loans

Piraeus Bank, one of Greece's four biggest lenders, reported a significant drop in its exposure of bad loans on Friday. “Our NPE (non-performing exposures) reduction plan is well on track with more than 90% of actions already executed. NPE reduction...

Moody’s Upgrades the Four Largest Greek Banks

The credit agency Moody's upgraded on Monday the long-term deposit ratings of the four biggest Greek banks, and said that the outlook for all of them is positive. The upgrade, "driven by their improving asset quality and solvency and good...

Piraeus Bank Launches Initiative for Restoration of Fire-Hit Areas

Piraeus Bank announced on Tuesday the donation of €1.5 million ($1.8) to support actions for the sustainable restoration of the damages incurred by the recent fires in Greece. In an announcement, Piraeus Bank says it stands by all the households and...

Greece’s Piraeus Bank Optimistic for the Future

One of Greece's largest banks, the Piraeus Bank, issued a statement on Wednesday regarding its performance so far in 2021.

Greece’s Piraeus Bank Sells €7.2 Billion in Non-Performing Exposures

Piraeus Bank announced earlier in the week that it has reached agreement to sell €7.2bn ($8.61bn) worth of non-performing exposures (NPE).

Piraeus Bank Raises $1.66 Billion Though Equity Offering

Piraeus Bank, one of Greece’s four big lenders, raised a total of 1.38 billion euros ($1.66 billion) through the capital increase process.

Piraeus Bank Expects to Raise $1.66 Billion Though Equity Offering

Piraeus Bank, one of Greece's four big lenders, expects to raise 1.38 billion euros ($1.66 billion) through the capital increase process

Piraeus Bank Secures Support for Capital Increase

Piraeus Bank, Greece’s second-largest financial institution has secured strong support from investors during the capital increase process .