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Piraeus Bank

Piraeus Bank Finances Development of Major Transit Hub in Greece

Piraeus Bank, Greece's biggest lender, has announced it will finance the development of the Thriassio Transit Center, which will help increase freight transport by rail and promote Greece as a major freight hub in the trans-European transport network. It will...

Piraeus Bank Initiative Offers Young People Access to Job Market

In a press release issued by Greece's the largest bank, Piraeus Bank, the company announces the launch of an initiative that will help young people to find a place in the job market of Greece. The bank launched a new innovative...

Piraeus Bank Vows to Support Export-Orientated Growth in Greece

Greece's largest lender Piraeus Bank has joined forces with Enterprise Greece, the official agency of the Greek state, to support export-oriented activity and growth in the economy. The CEOs of the two organizations signed a cooperation protocol that underlines their...

First Greek Bank Joins UN Initiative for Sustainable Banking

Greece's Piraeus Bank and twenty-five other leading global lenders from five continents are re-defining financial institutions’ purpose and business model to align the sector with the UN Sustainable Development Goals (SDGs) and the Paris Climate Agreement, the lender announced...

Piraeus Bank Releases Growth Figures for 2017

Piraeus Bank, one of Greece's top four lenders, showed improved figures in all areas for 2017, as the year's financial data released on Wednesday show. Specifically, non performing exposures (NPE) were reduced by €3.0bn, non performing loans (NPL) reduced by...

Greece's Piraeus Bank Shortlisted for International Award

Greece's Piraeus Bank has been shortlisted for the second year running for an international award in client service. Global Custodian runs an annual survey on agent banks in major and emerging markets and ranks each based on client feedback. Piraeus Bank...

Piraeus Bank to Quit European Aid in 2018

Piraeus Bank has significantly reduced its reliance on the European Central Bank's Emergency Liquidity Assistance (ELA), and plans to fully eliminate it in 2018, its CEO has told Bloomberg. The bank ends 2017 with NPL stock below €20 billion ($24.4...

Greeks Splashed Out On Card Payments Over Holidays

Piraeus Bank has said Greeks’ use of plastic money during the Christmas and New Year holidays rose to new record highs, evidence of a massive turn by consumers towards plastic which began two-and-a-half-years ago, after the imposition of capital...

Piraeus Bank CEO Christos Megalou: 'Greece is Heading Towards Normality'

"The banking sector in Greece is at its best since the crisis started in 2009-2010," Christos Megalou, CEO of Piraeus Bank, said in an exclusive interview to the Greek Reporter. Speaking in New York to Anastasios Papapostolou, the chief of...

Piraeus Bank: Investors Rapidly Changed Stance Towards Greek Assets

Recent very positive developments in the Greek state bond market, signalled by a successful completion of a bond swap programme, combined with a fall in new bond yields and an increase in turnover, are indicative of the speed with...