Piraeus

About Piraeus

Piraeus was founded in 1916; it is headquartered in Athens and is listed on the Athens Stock Exchange. Today it represents the leading Bank in Greece in terms of customer loans and deposits. The Bank maintains the largest distribution network in Greece and offers a vast array of financial products and services to 4.5 million customers. The Bank is committed to play a leading role in the Greek economy, actively supporting economic activity and extroversion through specialized solutions and high-level services to its customers. Piraeus Bank’s main targets are: (a) enhancement and diversification of revenue sources and operational efficiency to generate sustainable profitability, (b) expansion of lending to support the country’s economic recovery, (c) optimization of return on capital and reward to shareholders, with a growing distribution pay-out ratio in line with European banks’ average levels. Piraeus Bank's transformation is delivering tangible results, as the de-risking of its balance sheet has been completed, demonstrating once again the inherent dynamism of its banking activities. Piraeus Bank is a leading provider of banking services and credit to retail customers and corporate clients in Greece. In addition, Piraeus Bank is a leading provider of banking services to the Greek agricultural sector, offering innovative products such as contract farming and facilitating operations subsidized by the EU. The Group is also a leading adviser in capital markets, investment banking, leasing and shipping finance, as well as a market leader in brokerage services, electronic banking and a first mover in energy transition financing in Greece.