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Piraeus Bank is a universal bank providing various banking services. Historically a bank supportive of SMEs it now also possesses particular know-how in the areas of agricultural banking, consumer and mortgage credit, green banking, capital markets, investment banking, leasing and electronic banking.
Five years after it was founded, Pater Bank was sold in 2000 to Piraeus Bank, [1] and its name was changed to reflect its new owner. Piraeus Bank sold its Romanian subsidiary to J.C. Flowers & Co. on 28 June 2018, who changed the bank's name to First Bank on 12 September 2018.
f Citibank sold its retail banking operations to Raiffeisen Bank in 2015, and currently only has corporate banking operations on the local market. g First Bank was known as Piraeus Bank until 2018, when the Piraeus Bank Group left the Romanian market and sold its subsidiary to J.C. Flowers & Co.
Millennium Bank (bought by Piraeus Bank) New Proton Bank (merged into Eurobank in 2013) [6] New TT Hellenic Postbank (absorbed into Eurobank Ergasias, now just used by it as a brand) Omega Bank (renamed Proton Bank) Panellinia Bank (split into "good" and "bad" bank, good bank assets taken over by Piraeus Bank)
Piraeus Bank [7] RCB Bank; Societe Generale Bank [8] USB Bank [9] Branches of foreign banks in Cyprus. Arab Jordan Investment Bank [10] Avtovazbank [11] Bank of Beirut;
In November 2017, Direktna Banka bought another Serbian commercial bank Piraeus Bank Beograd from the Greek Piraeus Bank, for a sum in range of 58–61 million euros. [ 7 ] [ 8 ] The projections for complete merge to be completed was by the first quarter of 2018, and thus way Direktna Banka would have a total assets worth over 500 million euros.
One of the industry’s leading trade groups, the Bank Policy Institute, filed a lawsuit against the rule in October arguing that it was unconstitutional and that the change would jeopardize ...
Michalis Georgios Sallas (Greek: Μιχάλης Γεωργίος Σάλλας; born 1950) is a Greek businessman, banker and academic, who has been Chairman of Piraeus Bank (today Greece's largest) from 1991, to 2016.