Search Results: Piraeus Bank

With a one-day delay, Moody’s upgraded Alpha Bank and Piraeus Bank, following the recent upgrade of the Greek economy. The credit rating agency had already upgraded the other two systemic banks, National Bank of Greece and Eurobank, as well as Attica Bank, the previous night. Specifically, Moody’s raised the credit ratings of Alpha Bank and […]

Piraeus Financial Holdings S.A. announces that it has agreed to buy 90% of the Greek insurance company from CVC Partners Fund VII for €600mln.

Despite the sale, well-known investor John Paulson remains the largest shareholder of Piraeus Bank, retaining approximately 170 million shares, or 14% of the systemic bank lender

Greece’s real GDP in the first nine months of 2024 increased by 2.3% on a year-on-year basis

Greece showed improved performance but still lags behind the EU average

Notably, the bank is slashing fees for the IRIS payments interbank service by 50% for professional use.

Moody’s on Monday upgraded the Baseline Credit Assessment (BCA) for two Greek bank institutions, the National Bank of Greece (NBG) and Piraeus Banks, specifically raising Piraeus’ rating to ba2 from ba3, and NBG’s to ba1 from ba2. Moody’s also upgraded its long-term and short-term deposit ratings for both ATHEX-listed Greek lenders, two of the four […]

Proposal equals 0.063 euros per share and is up for approval by a Piraeus Bank general shareholders' assembly to convene in late June

Piraeus Bank has forecast profits of roughly 900 million euros this year, rising to one billion euros next year

The CEO of the HFSF announced that offers exceeded even their most optimistic estimates

This means that the HFSF will raise more than 1.3 billion euros with reports indicating that managers have already received orders exceeding nine billion euros.

The price range was set at between 3.7 and 4 euros per share, HFSF added.

Piraeus Bank’s books will open this morning at 10 am with the Hellenic Financial Stability Fund (HFSF) placing its 27% stake in the bank, which is expected to draw substantial 8-10 billion euros in offers. The move is significant because it means the bank will finally return to the control of the private sector after […]

If the HFSF decides to place the entirety of its 27% stake in the bank, it could mean over 1.2 billion euros in proceeds for the Greek state

In contrast, the Eurozone faces persistent challenges as evidenced by stagnant growth in the fourth quarter of 2023, registering a mere 0.1% annual increase