Piraeus Bank

Piraeus Bank is one of the largest banks in Greece. As of June 30, 2024 the group reported total assets of EUR 76.6 billion, about six million customers, 371 branches and 2,053 ATMs. Its banking operations are concentrated in Greece: the foreign subsidiaries it held in Egypt, Cyprus, Serbia, Romania, Albania and Bulgaria were divested between 2015 and 2019. The company offers deposit accounts, mortgage and consumer loans, farming loans, debit and credit cards, stock exchange services, mutual funds, Greek treasury bonds, guaranteed capital products, merchant solutions, cash management, risk management, advisory services as well as car insurance, health insurance, accident and life insurance, photovoltaic insurance, business premises insurance and other services. The Bank has absorbed the “good” parts of Agricultural Bank, Millennium Bank, Geniki Bank, Panellinia Bank and the Greek networks of the three Cypriot banks (Bank of Cyprus, Cyprus Popular Bank and Elliniki Bank). At June 30, 2024, Piraeus Bank Group had customer deposits of EUR 59.6 billion and net loans of EUR 37.6 billion. The company was founded in 1916 and employed approximately 7,500 people at that date. In January 2021 the listed parent company was renamed Piraeus Financial Holdings S.A. after the banking business was hived down into a new subsidiary, Piraeus Bank S.A., and a share capital increase of EUR 1.4 billion was completed in April 2021. On November 27, 2025 Piraeus Bank S.A. completed the acquisition of 100% of Ethniki Holdings S.a.r.l., the parent company of Ethniki Insurance, for EUR 0.6 billion in cash.

 Credit Ratings

The ratings in the table below are a historical snapshot and are no longer current. The bank's issuer credit ratings have since returned to investment grade: Moody's rates its long-term deposits Baa1 and its short-term deposits P-2, with a stable outlook (rating action of April 21, 2026); Standard & Poor's rates it BBB- long-term and A-3 short-term, with a stable outlook (July 20, 2026); and Fitch rates it BBB- long-term and F3 short-term, with a positive outlook (July 1, 2026).

Subsidiaries in Greece:
Etva Industrial Parks SA
Piraeus Direct Services SA
Piraeus Leases SA
Piraeus Factoring SA
Piraeus Securities S.A.
Piraeus Insurance & Reinsurance Brokerage SA
Piraeus Insurance Agency SA
Piraeus Real Estate SA
Picar SA
Piraeus Asset Management Mutual Funds SA
Piraeus Capital Management SA
Venture Capital & Private Equity Group
Piraeus Equity Advisors
Avi-Olympic Commercial & Tourist Enterprises SA
Piraeus Act Services SA

International Subsidiaries and Branches:
Piraeus Bank Egypt SAE – 98.5% stake sold to Al Ahli Bank of Kuwait K.S.C.P. under an agreement reached in 2015
Piraeus Bank Cyprus Ltd – sale of the group's shares announced in 2016
Piraeus Bank Beograd AD – sold to Direktna Bank AD, agreed September 2017 and completed April 2018
Piraeus Bank Romania SA – sold to J.C. Flowers & Co. under an agreement of December 2017, completed June 2018
Tirana Bank I.B.C. SA – 98.8% stake sold to Balfin Sh.p.k. and Komercijalna Banka AD, completed February 2019
Piraeus Bank Bulgaria AD – 99.98% stake sold to Eurobank Bulgaria AD, completed September 2019
JSC Piraeus Bank ICB – no longer listed among the group's activities
Piraeus Bank London Branch – no longer listed among the group's activities
Piraeus Bank Frankfurt Branch – still operating; described by the group as the only Greek bank in Germany

Head office address:
4 Amerikis Street
105 64 Athens
Phone number: 0030 210 333 5000
Fax: 0030 210 333 5080
Website: www.piraeusbank.gr, www.piraeusbankgroup.com

London Branch
8th Floor, Tower 42
25 Old Broad Str. EC2N 1 PB
London, United Kingdom
Website: www.piraeusbank.co.uk (redirects to www.piraeusbank.gr as of September 2026)

Frankfurt Branch
Baseler Str. 46 D-60329
Frankfurt am Main, Germany
Website: www.piraeusbank.de (redirects to www.piraeusgroup.gr as of September 2026)

Piraeus Bank (Cyprus) Ltd – former subsidiary, sale of the group's shares announced in 2016
1 Syprou Kyprianou Ave.
1065 Nicosia, PO Box 25700
1393 Nicosia, Cyprus