PIRAEUS BANK

ENGLISH EDITION

Piraeus Bank: From black sheep to drawcard for global investors

The consolidation of the bank in combination with the strong growth prospects of the domestic economy drew institutional portfolios and it is no coincidence that the lender’s share capital hike attracted new long-term investors, who had not previously invested in Greece like the Norwegian Norges pension fund.

27 Απρ 2021 07:48

ENGLISH EDITION

The next steps for Piraeus Bank's share capital hike

According to market estimates, the International Offer, given the strong interest that has already been expressed, can be closed in a few hours, and it is certain that it will be completed within a day. On the contrary, the Hellenic Offer will remain open for 2-3 days.

13 Απρ 2021 07:48

ENGLISH EDITION

Piraeus Bank's capital plan is a game changer for Greek lenders

The bank will raise valuable capital in order to dramatically accelerate the effort to reduce non-performing loans with new large securitizations, with the aim of achieving a single-digit non-performing loan ratio within 12 months from today.

16 Μαρ 2021 13:31

ENGLISH EDITION

New plan from Piraeus Bank to slash bad debt

2021, according to what CEO Christos Megalou told analysts yesterday, will be a key year for reducing non-performing exposures, which is estimated to reach 12 billion euros in total.

24 Νοε 2020 13:40

ENGLISH EDITION

SSM to decide on Piraeus Bank today; lender to hold weekend board meeting

All indications are that SSM will not allow for the repayment of the 165 million euros, triggering the conversion of the CoCos into shares.

12 Νοε 2020 13:25

ENGLISH EDITION

Cocos push Greece's largest bank into state hands

Τhe sharp drop in share price and shrinking of the bank's market capitalization to 283 million euros has raised concerns about the transmission of the crisis to other banks.

30 Οκτ 2020 12:37

ENGLISH EDITION

Conversion of CoCos pose challenge for Piraeus Bank

Developments seem to be accelerating after a group of shareholders announced their proposal for a share capital hike at the bank, accompanied by a series of terms and conditions that make its implementation difficult.

27 Οκτ 2020 11:40

ENGLISH EDITION

The "king of copper" has come to stay at Piraeus Bank

Based on the Forbes billionaire list, Mystakidis had $1.1 billion in assets in April 2020, down from $2.1 billion a year earlier as the capitalization of Glencore had fallen sigificantly - a company in which he holds more than 3 percent, despite the fact that since the end of 2018 he has withdrawn from management duties.

16 Ιουν 2020 15:31

ENGLISH EDITION

The bad scenario for banks scaring investors

Since the beginning of the year, the general index has fallen by 35 percent while the bank index has given up 65 percent. The situation with European and American banks is similar. Losses booked by domestic banks are almost double as the pan-European index of banks has declined by 35 percent while US bank shares have fallen by 28 percent.

22 Απρ 2020 14:27

ENGLISH EDITION

3 + 1 blows to Greek banks from the coronavirus

Bank officials estimate, and hope, that the rebound will be V-shaped, and that the sharp decline in GDP in the second quarter will be followed by a strong recovery as of the fourth quarter of 2020, restoring economies and markets to normal.

06 Απρ 2020 14:25

ENGLISH EDITION

Piraeus Bank says net profits at 270 million euros in 2019

George Handjinicolaou, Chairman of the board of directors, commenting on the results said: “The coronavirus is proving to be an unprecedented health emergency for societies around the world, which is mutating into a significant economic shock to the economies".

30 Μαρ 2020 23:08

ENGLISH EDITION

Piraeus Bank ups targets, to offload 11 bln euros of bad loans in '20

In a bid to reach these targets, the bank will move ahead with the 5 billion euro Vega securitization project and the 2 billion euro Phoenix project. This means that the target to slash NPLs in 2020 is being increased to 11 billion euros, up from 6.4 billion euros previously.

04 Φεβ 2020 13:50