About Piraeus Bank Group

Piraeus Bank Group is one of the most dynamic and active financial organisations in Greece today. Founded in 1916, Piraeus Bank went through a period of state-ownership and management (1975-1991) before it was privatised in December 1991. Since then, it has continuously grown in size and activities.

Along with its organic growth, Piraeus Bank made a series of strategic moves with the goal of establishing a strong presence in the domestic market. After a period of acquisitions  in 1998-2003 Piraeus Bank became one of the three largest private sector banks in Greece.

From 2005 Piraeus Bank Group successfully implements its strategy for expansion in Southeastern Europe and Eastern Mediterranean markets. Nowadays Piraeus Bank is operating in Greece, Bulgaria, Serbia, Romania, Albania, Egypt, Cyprus, Ukraine and in world financial centers – London and New York.

Today, Piraeus Bank leads a group of companies covering all financial and banking activities in the Greek market (universal bank). Piraeus Bank possesses particular know-how in the areas of retail banking, small and medium-sized enterprises (SMEs), capital markets and investment banking, leasing.

At the end of September 2011, Piraeus Bank Group possessed a network of 866 branches (355 in Greece and 511 abroad). The Group's total equity amounted to €2,9 bn, regulatory capital amounted to €3.1 bn and the Group's capital adequacy ratio at 8.8%. Customer deposits to €24,5 bn, net loans €35,5 bn and the Group's total assets to €55,6 bn. The Group employed 13,135 people.

Goals and strategies of the Group

The main medium term goals of Piraeus Bank Group are to maintain a balanced growth in terms of loans and deposits, achieve high efficiency and sustain superior asset quality and satisfactory capital adequacy. Piraeus will continue to focus on SMEs and retail banking segments, where it holds strong expertise, while capitalizing on its young branch network, both in Greece and abroad.

The Group's fundamental policy direction for human resources development is based on the efficient management of human resources, leading to the creation of skilful and dedicated personnel able to function within the framework of the competitive European banking market.

Piraeus Bank Group, combining business development and social responsibility , endorses systematically its relations with its social partners through specific actions, while special emphasis is placed on the protection of the natural environment. Piraeus Bank acknowledges that energy sources are not inexhaustible and should be used in a responsible manner. The Bank's contribution to the protection of the environment has two dimensions. The internal dimension, which refers to the Bank's efforts to mitigate its operational environmental impacts, and the external dimension which reflects the Bank's efforts to increase environmental awareness of its customers, and to promote environmentally friendly investments. Piraeus Bank has built significant presence in the field of Green Banking with a dedicated GREEN BANKING Branch and products that support lending for RES, saving energy, waste management, "green" transportation, organic farming, ecotourism-agritourism and "green" chemistry products.

Financial data

 Piraeus Bank Group Financial Results for H1 2011 (pdf; 356 Kb)

 Piraeus Bank Group Financial Results for the Full Year 2011 (pdf;339 Кb)

 Piraeus Bank Group Financial Results for the Full Year 2010 (pdf;742 Кb)

 Piraeus Bank Group Financial Results for the 3rd quarter 2010 (pdf;834 Kb)

 Piraeus Bank Group Financial Results for the 1st half 2010 (pdf;841 Kb)

 Piraeus Bank Group Financial Results for the 1st quarter 2010 (pdf;382 Kb)

 Piraeus Bank Group Financial Results for the Full Year 2009 (pdf;525 Kb)

Presentation (ppt, Ukrainian language; 4 Mb)

Go to the Piraeus Bank Group site