About Us


Piraeus Financial Holdings S.A. is a financial holdings company, listed on the Athens Stock Exchange, and the parent company of the banking institution “Piraeus Bank S.A.”.

Subsequent to the corporate transformation that took place on 30 December 2020, the banking operations were hived-down to a new wholly owned banking subsidiary (Piraeus Bank S.A.). Certain non-banking sector activities remain with the parent entity of the Group, which evolved into a financial holding company listed on the Athens Stock Exchange (Piraeus Financial Holdings S.A.).

The key subsidiary of Piraeus Financial Holdings S.A. is Piraeus Bank S.A., it is headquartered in Athens, generates 95% of the Group’s revenues, and has approximately 8.9 thousand employees. Piraeus Bank offers a full range of financial products and services to 5.7mn customers in Greece. The Piraeus Bank Group's total assets stood at €79.8bn on 31.12.2021.

Piraeus Bank Group in Greece/ December 2021

       Net Loans €35.8bn     Employees 8.9th
  Deposits €55.2bn    Customers 5.7mn
  Branches 414    ATMs 1,862

Piraeus Bank was founded in 1916. Today it represents the leading Bank in Greece in terms of customer loans and deposits.

The Bank is committed to play a leading role in the Greek economy, actively supporting economic activity and extroversion through specialized solutions and high-level services to its customers.

Piraeus Bank’s main targets are: (a) enhancement and diversification of revenue sources and operational efficiency to generate sustainable profitability, (b) expanding lending to support the country’s economic recovery, (c) reducing the NPE ratio to low single digit percent in line with European average , (d) maintaining adequate capital buffers.

For Piraeus Group, 2021 was a year of complete turnaround, through the execution of its strategic business plan, which drove its NPE ratio to c.12.5% at the end of 2021 from 45% a year ago and aspires for single-digit NPE ratio within 2022, while maintaining solid capital position and enabling sustainable profitability for the short and medium term.

Our 2021 journey is proof of the commercial strength of our franchise. We continued supporting our clients and disbursed €6.5bn of new loans, ahead of our target of €5.7bn, while at the same time we advised our corporate customers in the raising of approximately €3.0bn in debt and equity capital markets. Our customer assets, namely deposits and mutual funds, increased by €6.8bn, a record high.

Piraeus Group’s 2021 financial performance demonstrated tangible improvement in all areas. Our recurring pre-tax profit reached €665mn, driven by resilient net interest income, despite the drastic NPE clean-up, record net fee income, continued cost discipline and significant improvement in organic loan impairments.

Τhe solid execution of our business plan to date, and the pragmatic assumptions that it is based on, allow us to be optimistic for the successful accomplishment of our targets, enabling us to support the Greek economy and provide attractive returns to our shareholders. In parallel, we continue contributing towards a cohesive and inclusive society, an objective more important now than ever before.