Greece
Business
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
Greece
Piraeus Bank Presents ’21 Lectures on ’21’
The Piraeus Bank celebrates the 200th Anniversary of the Greek War of Independence with a series of events
Culture
Greek Ministry of Culture Certifies Two Piraeus Bank Foundation Museums
The Greek Ministry of Culture certified two museums in the Piraeus Bank Foundation thematic museums network, the Rooftile & Brickworks Museum in Volos and the Environment Museum of Stymphalia in the region of Corinthia, on Monday.
Lina Mendoni, Greek Minister...
Greece
Piraeus Bank Funds Purchase of Buses in Athens, Thessaloniki
The Piraeus Bank Group announced on Tuesday that it will fund the purchase of buses for the regions of Attica and Thessaloniki.
Alongside Piraeus Leasing, the bank said it will pay for the purchase of 200 buses to be used...
Greece
Piraeus Bank at the Forefront of UN's Responsible Banking Initiative
One year since Piraeus Bank joined a coalition of hundreds of banks worldwide for sustainable development, CEO Christos Megalou highlighted on Tuesday the Bank's contribution during a virtual panel organized by United Nations Environment Programme Finance Initiative (UNEP FI).
Piraeus...
Greece
Piraeus Bank Sponsors Program for 200th Anniversary of Greek War of Independence
An agreement to promote Piraeus Bank's Anniversary Action Program to diaspora Greeks and Greeks living abroad for the national celebration of the 200th Anniversary of the Greek War of Independence of 1821, was signed between the General Secretariat of...
Greece
Piraeus Bank Finances Acquisition of Five Hotels on Crete
Piraeus Bank, Greece's largest lender, announced on Thursday it has financed the acquisition of five hotels in resort locations on the island of Crete by the international real estate company Henderson Park and Hines.
The 1,094-room, 67,000-square-meter portfolio comprises five...
Economy
Piraeus Bank Records Growing Profits During 2019
Piraeus Bank of Greece announced on Monday that it grew its net profit for the full year of 2019. This increase was aided by lower operating costs and higher net interest income.
Piraeus Bank is Greece’s largest lender as measured by...
Greece
Piraeus Bank Successfully Completes 500-Million-Euro Bond Issue
Piraeus Bank officially announced the successful issue of a 500-million-euro Tier 2 bond with institutional investors at a coupon of 5.50 percent on Thursday.
The bond, which has a maturity of 10 years and an embedded issuer call option after...
Greece
Piraeus Bank Raises More Than Three Million Euros From Property Sales Via E-Bidding
Piraeus Bank, Greece largest lender, announced on Friday that it has completed its eighth round of e-bidding in November, approving the sale of 30 properties, with sales totaling €3.18 million.
More than 260 individuals and legal entities expressed an interest...
Greece
Piraeus Bank Announces New Auction for Greek Real Estate Properties
Greek banks have intensified their efforts to sell properties owned by them through auctions after the summer lull, which was largely caused by the general elections in July.
Piraeus Bank, Greece's largest lender, announced last week that it will hold...
Environment
Greece's Piraeus Bank Commits to Collective Action on Climate Change
Piraeus Bank, the largest lender in Greece, announced on Thursday its participation in a climate change initiative created by thirty-one banks around the world.
The banks participating in the “Collective Commitment to Climate Action,” which represent total assets of $13...
Business
Piraeus Bank Joins Multi-Million-Euro Investment Program for Greek Infrastructure
Piraeus Bank, Greece's biggest lender, announced on Wednesday that it will support a new 650-million-euro ($716 million) infrastructure investment program developed by the Hellenic Ministry of Development and Investments and the European Investment Bank.
Piraeus Bank will initially use 32...
Greece
Greece’s Piraeus Bank Explores Asian Pacific Partner for Shipping Financing
Piraeus Bank, Greece's largest lender, announced last week that it is exploring a potential strategic partnership opportunity with a major Asian Pacific financial conglomerate, to provide financing solutions for Greek shipping companies.
“This pioneering initiative forms part of Piraeus Bank’s...
Greece
Piraeus Bank Issues First Bond Since 2008, Raising 400 Million Euros
Piraeus Bank, Greece's largest lender, secured a major capital boost on Wednesday, raising 400 million euros through the issuance of a bond.
The interest rate amounted to 9.75 percent and the offers book, overseen by Goldman Sachs International and UBS,...