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,...

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...

Piraeus Bank, Intrum Join Forces to Tackle Greece’s Bad Loans

Piraeus Bank, the leading lender in Greece, announced on Monday it has teamed up with Sweden's Intrum for the management of its 27-billion-euro ($30...

Recently Appointed Chief of Attica Bank Dies at 69

Prominent Greek banker George Michelis, who was appointed as Chairman of the Board of Attica Bank in late March, died on Saturday in Athens....

Reports Say Greek Banks to Axe Up to 4,000 Jobs in 2019

Greek banks are expected to cut up to 4,000 positions during the year 2019, various outlets in the Greek media reported on Monday. Most of...

Bank of Greece Revises Growth Downward for 2019

The Bank of Greece said in a report on Monday that the Greek economy is expected to grow by 1.9 percent this year, which...

Piraeus Bank, Berliner Sparkasse Join Forces to Support Greek Entrepreneurs

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...

Piraeus CEO: Greek Banks to Significantly Reduce Bad Loans by 2021 (VIDEO)

The high level of bad loans in Greece is still the largest economic issue that the embattled nation needs to focus on, the head...

Greek Minister Accused of Illegally Recording Phone Call with Central Banker

Bank of Greece Governor Yannis Stournaras on Tuesday called for the intervention of judicial authorities over the recording of a telephone call with a...

Greece’s Private Sector Bank Deposits Drop for Second Month

Greece's private sector bank deposits dropped for two consecutive months, in October and November of 2018, according to data released by the central bank of Greece...

Greeks’ Primary Residence Protection Extended for Two Months

The Greek government and the country’s biggest banks agreed to extend by two months legislation which protects the primary residence of debtors in Athens...
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Piraeus Bank Returns to Profitability, Says CEO Christos Megalou

Piraeus Bank CEO Christos Megalou says that Greece’s largest lender is returning to profitability in an exclusive interview with the Greek Reporter. Speaking at the...

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