Piraeus Bank

Piraeus Bank S.A. (Greek   Α.Ε.) — the Greek bank, head bank of Piraeus Bank Group banking group, the fourth in the country on the amount of assets for 2011. The headquarters of bank is located in Athens.

For the beginning of April, 2011 Piraeus Bank Group had 872 departments (including 360 in Greece), subsidiary banks in nine countries, including in the USA, Great Britain, Ukraine, Egypt. Departments of Piraeus Bank operate including on Ukraine.

Activities

Piraeus Bank works in different spheres, including crediting, retail and investment banking, work with the real estate, leasing, etc.

Management

For May, 2011 the Chairman of the board of directors of bank — Michael Sallas. The general manager — Stavros Lekkakos.

Performance Indicators

Capitalization for the end of May, 2011 — 1.16 billion euros.

Equity of bank as of March 31, 2011 according to IFRS was 4.06 billion euros, assets — 56.63 billion euros, net profit in 1 quarter 2011 — 1.8 million euros.

History

The bank is founded in 1916.

In 1975 — 1991 was in state-owned property.

In 1991 the bank was privatized.

In June, 2000 the bank absorbed Xiosbank and Macedonia-Thrace Bank, in December, 2003 — ETBAbank.