Piraeus Bank

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Piraeus Bank ATMs torched in Pefki

Unknown assailants set fire to two ATMs at the Piraeus Bank branch in Pefki, northern Athens, early on Tuesday morning.
The arson attack caused damage to the two cash machines located outside the bank branch at 43 Irini Avenue.
Police are conducting an investigation to locate the perpetrators.

Piraeus applies to Hercules asset protection scheme

Piraeus Bank has applied to the Hercules asset protection scheme that aims to reduce banks' exposure to nonperforming loans through their securitization.

The application concerns the securitization of Phoenix, a €1.9 billion portfolio of housing loans.

Piraeus' application leaves National Bank as the last of the "big four" Greek retail banks that has not applied to the scheme.

Stars auction items for coronavirus campaign

Collectible match-worn signed shoes belonging to Milwaukee Bucks star and last season's NBA MVP Giannis Antetokounmpo and a signed T-shirt from his personal collection with Nike are being auctioned for charity on www.charityidols.com as part of the Live Athletically campaign to raise money to combat the coronavirus.

Piraeus Bank sees 2019 profits grow

Piraeus Bank grew full-year 2019 net profit, helped by lower operating costs and higher net interest income, Greece's largest lender by assets said on Monday.
Piraeus Bank, which is 26.2 percent owned by the country's HFSF bank rescue fund, reported a net profit of 270 million euros after net earnings of 185 million in 2018.

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