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
Αcquisition of the entire stake of Societe Generale
Piraeus Bank S.A. acquires the “good” part of Panellinia Bank S.A. The “good” assets and liabilities of Panellinia absorbed by Piraeus Bank refer to the acquisition perimeter identified by the BoG and comprise €645 mn in liabilities, of which €574 mn customer deposits, €372 mn in assets, of which €280 mn net loans, 26 branches and 163 employees (based on 31 December 2014 data).
Piraeus Bank announced that it has entered into a definitive agreement with Al Ahli Bank of Kuwait K.S.C.P. to dispose its stake (98.5%) in Piraeus Bank Egypt S.A.E., its Egyptian subsidiary, subject to Central Bank of Egypt and other regulatory approvals in Egypt, Greece and Kuwait, including the Hellenic Financial Stability Fund.