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Piraeus Bank is the leading bank in Greece with over 5.5 million customers and 30% market share in loans and deposits. It has offices in 10 countries and operates over 650 units and 1,900 ATMs in Greece and 260 branches abroad. It has a presence in Romania, Bulgaria, Albania, Serbia, Ukraine, Cyprus, Egypt, United Kingdom, and Germany. The company offers deposit accounts, mortgage and consumer loans, farming loans, debit and credit cards, stock exchange services, mutual funds, Greek treasury bonds, guaranteed capital products, merchant solutions, cash management, risk management, advisory services as well as car insurance, health insurance, accident and life insurance, photovoltaic insurance, business premises insurance and other services. In recent years, the Bank has absorbed the “good” parts of Agricultural Bank, Millennium Bank, Geniki Bank, Panellinia Bank and the Greek networks of the three Cypriot banks (Bank of Cyprus, Cyprus Popular Bank and Elliniki Bank). As of December 2016, Piraeus Bank Group had customer deposits of EUR 42 billion and net loans of EUR 50 billion. The company was founded in 1916 and employs over 18,000 people. The market capitalization was EUR 2 billion as of May 8, 2017.
Credit Ratings
Long-Term | Short-Term | |
Standard & Poor's | CCC+ | C |
Fitch | RD | RD |
Moody's | Caa3 | N-P |
Subsidiaries in Greece:
Etva Industrial Parks SA
Piraeus Direct Services SA
Piraeus Leases SA
Piraeus Factoring SA
Piraeus Securities S.A.
Piraeus Insurance & Reinsurance Brokerage SA
Piraeus Insurance Agency SA
Piraeus Real Estate SA
Picar SA
Piraeus Asset Management Mutual Funds SA
Piraeus Capital Management SA
Venture Capital & Private Equity Group
Piraeus Equity Advisors
Avi-Olympic Commercial & Tourist Enterprises SA
Piraeus Act Services SA
International Subsidiaries and Branches:
Piraeus Bank Egypt SAE
Piraeus Bank Beograd AD
Piraeus Bank Bulgaria AD
Piraeus Bank Cyprus Ltd
Piraeus Bank Romania SA
Tirana Bank I.B.C. SA
JSC Piraeus Bank ICB
Piraeus Bank London Branch
Piraeus Bank Frankfurt Branch
Head office address:
4 Amerikis Street
105 64 Athens
Phone number: 0030 210 333 5000
Fax: 0030 210 333 5080
Website: www.piraeusbank.gr, www.piraeusbankgroup.com
London Branch
8th Floor, Tower 42
25 Old Broad Str. EC2N 1 PB
London, United Kingdom
Website: www.piraeusbank.co.uk
Frankfurt Branch
Baseler Str. 46 D-60329
Frankfurt am Main, Germany
Website: www.piraeusbank.de
Piraeus Bank (Cyprus) Ltd
1 Syprou Kyprianou Ave.
1065 Nicosia, PO Box 25700
1393 Nicosia, Cyprus