LAST UPDATE: 10.40 Piraeus Bank recorded net profits of 614 million euros in the first half of 2022, with earnings per share for the same period amounting to 0.47 euros. The ratio of Non-Performing Exposures (NPE) fell to 9.1% (to €3.4 billion) from 24.6% in the same period last year, while customer deposits reached a […]
Tag: Piraeus Bank
JP Morgan: What to expect from the results of Greek banks – Single-digit NPE ratios for all four systemic
Her Eleftherias Kourtalis JP Morgan expects strong results in the second quarter in all sectors for the Greek systemic banks. At the same time, it predicts cautious but confident messages from the administrations, while the target for a single-digit NPE ratio is expected to have been achieved by all four banks. Eurobank and National Bank […]
Banks are preparing for dividend distribution
By Leonidas Stergiou Reading the agenda items and related accompanying documents ahead of the general meetings of the four systemic banks (July 21-28), one finds a description of accounting entries aimed at writing off accumulated losses. According to the banks, these accounting movements do not affect the capital ratios and the total capital, however, they […]
The strategy of Piraeus Bank behind the purchase of Iolcus Investments
Of Leonida Stergiou Piraeus Bank’s business plan envisages doubling total revenue before provisions, to 1.2 billion euros, by 2025, through the creation of new sources of profitability from credit expansion, commissions and capital management. According to Piraeus banking executives, the contribution of interest income will be greater, however in terms of time it lags behind […]
Piraeus Bank completed the acquisition of Iolcus Investments
Piraeus Financial Holdings announced that its subsidiary Piraeus Bank has completed the acquisition of Iolcus Investments AEDOEE (“Iolcus”), following the receipt of the necessary regulatory approvals for the acquisition of 100% of Iolcus (the “Transaction”), pursuant to a related agreement which was signed on 05 April 2022. According to the relevant announcement, the completion of […]
Tr. Piraeus: High score in pan-European climate stress tests
Piraeus Financial Holdings has taken note of the announcement published by the European Central Bank (“ECB”) on 8 July 2022 regarding the results of the first pan-European supervisory climate stress exercise (“Exercise”) carried out by the ECB, in order to assess the degree of preparedness of the credit institutions it supervises, regarding the proper management […]
Piraeus Bank: Participation in the construction of Cero Generation’s first photovoltaic park in Greece
Piraeus Bank, a leader in the renewable energy sector, financed the construction of Cero Generation’s first photovoltaic park (Project Delfini) in Greece, with a total capacity of 100MW. As mentioned, Project Delfini is the first investment that combines the sale of the produced energy to an independent private buyer (through a Corporate PowerPurchase Agreement) and […]
Piraeus Bank evaluates investments of 1.6 billion euros through the Recovery Fund
The prospects of the Greek economy, the available tools and the initiatives of Piraeus Bank for the financing and sustainable development of Greek businesses were presented by the President Giorgos Khandzinikolaou and the Managing Director Christos Megalou to the Bank’s clients in Thessaloniki. During its two-day stay in Thessaloniki, the Management of Piraeus Bank visited […]
G. Hantzinikolaou: The agri-food sector is called to play a leading role
The support of the agri-food sector as a pillar of development of the national economy and in particular the high added value of the predominantly national product, olive oil was highlighted in the event co-organized by Piraeus Bank and the Peloponnese Region at the Museum of Olive and Greek Olive Oil. on Wednesday 29 June […]
G. Hantzinikolaou (Piraeus Bank): The decisive role of banks for sustainable development
The banking sector has a decisive contribution and a leading role for the transition to sustainable development, which is called to change its operation and adapt to the new conditions and requirements created by climate change, said the President of Piraeus Bank George Hantzinikolaou, from the podium of the conference The Future of Sustainable Finance […]