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Greece

Marfin Bank Arson Still Haunts Greece 13 Years Later

Eleven years have passed since the deadly Marfin Bank arson. The culprits are still at large, as Greek police launches a new investigation

Bank of Greece: Financial System Remained Resilient Through Pandemic

The Greek financial system remained strong throughout the Covid-19 pandemic, the Bank of Greece stated in its Financial Stability Review.

Greece’s Neo-bank “Viva Wallet” Raises $80 Million in Capital

Greece’s startup financial firm "Viva Wallet," a neo-bank, has raised $80 million to expand its footprint as well as the services it offers.

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

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

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 in Talks With London-Based Banks for Relocation to Athens

The Greek government revealed on Friday that it is in discussions with three London-based banks regarding their possible relocation to Athens following the official exit of the UK from the European Union in January. Speaking to Bloomberg TV, Alex Patelis,...

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...

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's National Bank Reports 457-Million Euro Profit in First Half of 2020

Greece's National Bank recently reported impressive profits despite the worldwide economic downturn caused by the coronavirus pandemic this year. The National Bank Group announced that its after-tax profits totaled 457 million euros in the first half of 2020, up from...

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...

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...

Survey Finds Older Greeks Overwhelmingly Prefer In-Person Banking

According to a recent survey undertaken by the Active Citizens Fund program, a majority of Greek people over the age of 60 prefer to complete their banking duties in person rather than online. The data showed that despite living in...

ECB: Greece Should Complete Reforms to Help Banks Reduce Bad Debt

Greece should complete the reforms needed to help banks reduce bad debt and deal with the impact of the COVID-19 pandemic, the European Central Bank said, according to Reuters. The coronavirus crisis has stalled the efforts of Greek banks to...

Greek Government Honors Marfin Bank Firebombing Victims

The Greek government on Saturday honored the victims of the Marfin Bank firebombing in May 2010 by placing a plaque on the site of the tragic incident. Present at the ceremony were relatives of the victims, President of the Republic...