Michalis Sallas
Sallas enters Pancretan's share capital
Pancretan Cooperative Bank announced on Tuesday that former Piraeus Bank president and founder Michalis Sallas is entering the share capital of the Iraklio-based lender with the purchase of a 15 percent stake.
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Sallas to chair local lender association
By Yiannis Papadoyiannis
Piraeus Group head Michalis Sallas is poised to become the new president of the Hellenic Bank Association as soon as the administrative changes at the National Bank of Greece are completed.
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Greece draws investors seeing bad loans come good, says Piraeus chief Sallas
By Christos Ziotis & Nikos Chrysoloras
International investors have started placing money into Greek banks as they anticipate the improving economy will boost profits across the industry, Michalis Sallas, chairman of Piraeus Bank SA, said.
Alpha sells bulk of new shares to US and UK buyers
US and British investors bought the bulk of Alpha Banks 1.2-billion-euro new share issue, it said on Friday, providing further evidence that foreign investors are warming to Greece.
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Piraeus and Alpha take big step toward return to private sector
Piraeus head Michalis Sallas (center) and Alphas Yiannis Costopoulos (right) know that the share capital increases have brought the banks closer to emancipation from state control.
By Yiannis Papadoyiannis