Piraeus Bank has entered into a credit agreement with Berliner Sparkasse to help Greek companies which have a business relationship with German enterprises in the greater Berlin area. Berliner Sparkasse is one of the largest savings banks in Germany, and Piraeus Bank is the largest bank in Greece.
As part of Piraeus Bank’s commitment to support Greek entrepreneurship, the bank will finance a branch of Landesbank Berlin AG in cooperation with Berliner Sparkasse.
They will jointly invest, under competitive terms, in a number of investments across a wide range of industries, including renewable energy sources and large infrastructure projects.
Athanasios Vlachopoulos, Deputy General Manager of Corporate and Investment Banking at Piraeus Bank, said that the agreement “will contribute decisively to the enhancement of Greek entrepreneurship and cross-border trade, and provides the roadmap to sustainable development.
He added that “This initiative is at the forefront of Piraeus Bank’s strategy to act as a pillar of stability for the Greek economy. The expansion of international trade relations is an important tool for solidifying the role of Greek banks and enterprises within the global economy.”
Piraeus Bank, with a 30 percent market share in terms of loans and deposits, provides a wide range of financial products and services to approximately 5.2 million customers.
Berliner Sparkasse, a branch of Landesbank Berlin AG, serves nearly 2 million retail and 85,000 corporate customers, and is the clear market leader in the region.