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Piraeus Bank

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...

Piraeus Bank Online Property Auction Raises More than €6 Million

The second open e-auction held by Piraeus Bank was successfully completed on Wednesday 25 October 2017, with 57 properties sold in total. The auction was conducted via the Bank’s innovative property auction website.   A total of 216 bids were submitted...

Piraeus Bank to Hold Property Auction Online

Piraeus Bank is holding its second e-auction for the sale of bank-held properties. The auction will take place on October 24 and 25 via properties4sale.gr; the Bank’s property auction website. The Bank's first property auction was successfully conducted last June. This...

Piraeus Bank, EIB, EBDR, Sign €700 Million Investment Deal for Small Greek Businesses

Piraeus Bank, Greece's biggest lender, has signed a new investment deal for small and medium sized companies with the European Investment Bank (EIB), the European Investment Fund (EIF) and the European Bank for Reconstruction and Development (EBRD), worth 700...

EIB to Help Piraeus Bank in Supporting Small Greek Businesses

The European Investment Bank (EIB) has announced it will invest 350 million euros in Piraeus Bank covered bond next month, as part of efforts to increase small business lending in Greece. This will mark the first time that an international...

Piraeus Bank to Respond to Reported Regulatory Violations Found in Audit

Piraeus Bank said it will respond to a draft report from a Bank of Greece audit that found regulatory violations in the 2014-16 period, and that a final report from the central bank would follow thereafter. Piraeus shares came under selling...

Reuters: Piraeus Bank CEO says Central Bank Audit Findings 'Firmly Behind Us'

Piraeus Bank has rectified internal control deficiencies that emerged in a recent central bank audit, the chief executive of Greece's largest lender said on Thursday. "The Bank of Greece inquiry is an issue that has already been dealt with in...

Piraeus Bank Announces Profits Up 14% in First Half of 2017

One of Greece's major banks, Piraeus Bank, announced on Wednesday that pre-tax profits for the first half of 2017 were 549 million euros, showing a 14 percent increase from last year. In the second quarter, Piraeus Bank posted profits of...