With new trainings and collaborations, the 8th cycle of the Project Future corporate responsibility program is carried out, which is implemented by Piraeus Bank, in collaboration with ReGeneration. The program connects higher education with the job market and provides young graduates with the skills they need for their professional development. On the occasion of the […]
Tag: Piraeus Bank
This is how the turnaround of Piraeus Bank took place
By Leonidas Stergiou A year ago, almost half of Piraeus Bank loans were in the red. In 2021, the non-performing loans (NPE) ratio in terms of total financing fell to 12.6%, ie reduced by 32.7 percentage points from the levels closed in the year 2022. This is the largest decrease in the red loan ratio […]
Axia: Maintains buy recommendation for Greek banks after the results of the year – High growth margins
Her Eleftherias Kourtali Axia Research identifies two key issues in terms of the results of the four systemic banks, for which it maintains the buy recommendation seeing growth margins of 44% up to 97%. First, as he points out, the Greek banks recorded a strong balance sheet clear against the initial targets, in combination with […]
Piraeus Bank supports Art and Culture in the framework of its Anniversary Program for 1821
Piraeus Bank, in the framework of its Anniversary Program with which it participates in the anniversary for the 200 years since the Revolution of 1821, supported the creation of the visual documentary “IODINE – Greece in the Ruins of Messolonghi”. The documentary will participate in the 24th Thessaloniki Documentary Festival in the framework of the […]
Which sectors does Piraeus Bank focus on for loans?
By Leonidas Stergiou Piraeus Bank’s loan disbursements exceeded the annual target of 5.7 billion euros for 2021, reaching 6.5 billion euros, which in terms of net credit expansion corresponds to 1 billion euros. According to the management of Piraeus Bank during the presentation of the results of 2021, the greater credit expansion, in combination with […]
Piraeus Bank: Net credit expansion of 1.3 billion euros in 2022
By Leonidas Stergiou An increase in revenues, reduction of expenses and red loans, as well as strengthening of supervisory funds was achieved in 2021 by Piraeus Bank, in the framework of the Sunrise plan presented last March. In addition to three ongoing transactions that will further reduce red loans and strengthen the bank, Piraeus Bank […]
Piraeus Bank: At € 665 million pre-tax profits on a recurring basis
Piraeus Bank announced an increase of pre-tax profits and provisions on a recurring annual basis by + 10%, to € 1,052 million for 2021, with pre-tax profits on a recurring basis amounting to € 665 million, more than double compared to 2020 . The losses from the reduction of NPE, which led to the consolidation […]
Piraeus Bank: ‘Green’ financing to businesses
Piraeus Bank, firmly committed to supporting the “green” transition of the Greek economy and businesses, is constantly expanding its services to support “green” energy modernization investments that enable businesses to become energy autonomous and thus reduce their energy costs. . The Bank offers a comprehensive financing program for the purchase and installation of Photovoltaic Systems […]
Axia: Maintains Positive Position for Greek Banks – Impact of Russian Invasion on Ukraine Limited
Her Eleftherias Kourtali Examining the possible effects of higher energy prices due to geopolitical developments in the Greek economy, Axia concluded that the country’s existing security reserves and support from the European Union are likely to protect Greece’s underlying growth potential, while maintaining fiscal discipline. As far as Greek banks are concerned, Axia presents the […]
Piraeus Bank: New pioneering program aimed at equality
Piraeus Bank announces the pioneering EQUALL program, which includes actions aimed at creating a society of equal people. Piraeus Bank is committed to substantially supporting the sustainable development of the Greek economy and society and is taking initiatives to strengthen women entrepreneurship, support women to enter the labor market and eliminate gender stereotypes. In order […]
