Piraeus Bank
Business
Greece Sells Entire Stake in Piraeus Bank
Greece announced on Monday that it is selling its entire 27 percent stake in Piraeus Bank. The announcement was met with strong demand by investors.
The Hellenic Financial Stability Fund (HFSF)—a bank recapitalization tool established at the start of Greece’s...
Economy
Greek Banks Win Credit Upgrades from Fitch and Moody’s
Greek systemic banks earned credit upgrades from credit agencies Fitch and Moody's on Tuesday following a recent round of upgrades of Greece's credit rating.
Fitch Ratings upgraded Eurobank SA's Long-Term Issuer Default Ratings (IDRs) to 'BB' from 'BB-', and Viability...
Business
Piraeus Bank Among Europe’s Climate Leaders for 2022
Piraeus Bank is among the top 400 Climate Leader companies in Europe for the second consecutive year, according to the Financial Times.
Piraeus Bank is the only Greek company included in the Financial Times list of "Europe's Climate Leaders" in...
Business
Piraeus Bank Presents Healthy Outlook as it Cuts Exposure to Bad Loans
Piraeus Bank, one of Greece's four biggest lenders, reported a significant drop in its exposure of bad loans on Friday.
“Our NPE (non-performing exposures) reduction plan is well on track with more than 90% of actions already executed. NPE reduction...
Business
Moody’s Upgrades the Four Largest Greek Banks
The credit agency Moody's upgraded on Monday the long-term deposit ratings of the four biggest Greek banks, and said that the outlook for all of them is positive.
The upgrade, "driven by their improving asset quality and solvency and good...
Business
Piraeus Bank Launches Initiative for Restoration of Fire-Hit Areas
Piraeus Bank announced on Tuesday the donation of €1.5 million ($1.8) to support actions for the sustainable restoration of the damages incurred by the recent fires in Greece.
In an announcement, Piraeus Bank says it stands by all the households and...
Economy
Greece’s Piraeus Bank Optimistic for the Future
One of Greece's largest banks, the Piraeus Bank, issued a statement on Wednesday regarding its performance so far in 2021.
Business
Greece’s Piraeus Bank Sells €7.2 Billion in Non-Performing Exposures
Piraeus Bank announced earlier in the week that it has reached agreement to sell €7.2bn ($8.61bn) worth of non-performing exposures (NPE).
Business
Piraeus Bank Raises $1.66 Billion Though Equity Offering
Piraeus Bank, one of Greece’s four big lenders, raised a total of 1.38 billion euros ($1.66 billion) through the capital increase process.
Business
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