piraeus bank group


History of the Group

The First Years
1992 - 1999
Development and creation
of "critical mass"
2000 - 2003
Integration of procedures
and of informational systems
2004 - 2008
Strong Domestic
Presence International
2009 - 2011
Confronting the
economic crisis
2012 - 2014
Safeguarding the
Group’s Balance Sheet
Capital Enhancement
Recent Developments
Year of restructuring, reform and growth.
Establishment of Piraeus Leasing SA, Piraeus Mutual Funds SA and Piraeus Insurance Agency SA.
Beginning of operations in Bulgaria (now Piraeus Bank Bulgaria).
Establishment of Tirana Bank I.B.C. in Albania.
Absorption of assets and liabilities of Chase Manhattan Bank in Athens.
Acquisition of Sigma Securities SA.
Acquisition of Macedonia-Thrace Bank and Credit Lyonnais Hellas.
Agreement on the acquisition of a majority stake of Xiosbank (completion at the beginning of 1999).
Agreement on the acquisition of a 56% stake in Marathon National Bank of New York (completion in mid 1999).
Absorption of the assets and liabilities of National Westminster Bank in Greece.
Agreement on the acquisition of Pater Credit Bank in Romania (integrated into the Group in April 2000 and was renamed to Piraeus Bank Romania SA).
Setting up of the London Branch.