Demand for bonds a vote of confidence in Piraeus Bank, CEO tells Kathimerini

Change in sentiment toward Greek assets and sizable investor interest reminiscent of the pre-crisis era are the takeaways from our discussion with Christos Megalou, Piraeus Bank's chief executive officer. This comes in the aftermath of the bank's access to debt capital markets for a Tier II bond issuance and the numerous investor meetings Megalou hosted in London.

In this interview with Kathimerini, Megalou highlights the importance of the move for Piraeus Bank, as well as the Greek banking sector as a whole, and explains the conditionality under which the investor interest observed will turn into tangible investments for Greece. The Piraeus CEO describes the initiatives that the bank has undertaken for capital enhancement and the benefits arising from the recent strategic partnership with Intrum for the management of nonperforming exposures. The latter will enable the bank...