Piraeus Bank

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Piraeus Bank SA
Native name Τράπεζα Πειραιώς Α.Ε.
Type Anonymi Etairia
Traded as Athex: TPEIR
Industry Financial services
Founded (1916 (1916))[1]
Headquarters Athens, Greece
Number of locations 788 branches (February 2013)
Area served
Key people
Products Retail, private, investment and commercial banking, asset management
Employees
  • Increase15,000 (2013)
  • 9,600 (2012)
[3][4]
Parent Piraeus Bank Group
Website www.piraeusbank.gr

Piraeus Bank is a Greek financial services company with its headquarters in Athens, Greece.[5] It is one of the three largest Greek banks. Piraeus Bank's stocks are listed in the Athens Stock Exchange (ATHEX) since January 1918.

Contents

Activities[edit]

Piraeus Bank engages in retail banking and the financing of small and medium-sized enterprises (SMEs). Piraeus Bank also offers a line of online banking services under the brand "winbank".[6]

As of February 2013, Piraeus Bank has 787 branches in Greece. Piraeus Bank also operates a branch in London.

History[edit]

The historic building of the bank in Athens

A group of shipowners in Piraeus founded Banque du Pirée (Piraeus Bank; BP) in 1916 to finance trade. The Greek government bought the bank in 1975 and transformed it into a universal bank. The new headquarters designed by Sir Basil Spence were built at the Stadiou Street in Athens. In December 1991 the government privatised the bank, which has grown in size and scope since then.

Expansion[edit]

In 1998 the bank absorbed the Greek branch networks of Chase Manhattan Bank and Crédit Lyonnais, one year later it added in the activities of National Westminster Bank in Greece. In a privatisation the PB acquired 37% of the Macedonia-Thrace Bank and 35% of the Xiosbank (Bank of Chios). It merged both into Piraeus Bank in 1999.

Awards[edit]

  • 2004 The European banking technology award
  • 2008, 2009 gold award by the international Corporate Responsibility Index (CRI)
  • 2012 Double STP Excellence Award

References[edit]