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Piraeus Bank is a large, aggressively expanding Greek bank with about 270 branches, including one in London, and subsidiaries in New York and the Balkans.

1 History

1916: Banque du Piree ( Piraeus Bank; BP) established.
1975: BP came under government ownership.
1991: The government privatized BP and the bank changed its name to Piraeus Bank (PB).
1998: PB absorbed the activities of Chase Manhattan Bank (2 branches) in Greece, and Credit Lyonnais Greece. It also acquired 37% of Macedonia- Thrace Bank from National Bank of Greece in a privatization.
1999: PB acquired 35% of Xios Bank. PB also absorbed the activities of National Westminster Bank in Greece.
2000: PB merged in Macedonia-Thrace Bank and Xios Bank.
2002: PB acquired 58% of ETBA Bank (Hellenic Industrial Development Bank) from the Greek government with a view to merging it. PB also entered into a strategic alliance with ING Group, which took a 5% stake in PB.
2003: PB merged in ETBA Bank.

International expansion

1995: PB established Piraeus Bank Romania.
1996: PB established Tirana Bank. This was the first privately owned banking institution in Albania and now has 15 branches.
1999: with its acquisition of Xiosbank, PB gets Xios's branch in Sofia, Bulgaria, and PB now has some 15 branches in the country. PB also acquires Marathon National Bank of Astoria, New York, which has branches in Astoria, Bayside, Broadway and Bayridge. Astoria is a town with a large population fo Greek descent.
2000: PB acquires Pater Bank in Romania from Budapest Bank. Pater Bank targeted Hungarians living in Romania.
2003: PB acquired Interbank N.Y., which operated a network of 5 branches in New York City, and specifically in Brooklyn, Astoria, Queens, as well as in Park Avenue, downtown Manhattan. PB then merged Interbank with Marathon National.

PB has a branch in LondonLondon is the capital of the United Kingdom and of England, and with over seven million inhabitants in the Greater London area, is the second-most populous conurbation in Europe (after Moscow). From being Londinium the capital of the Roman province of Bri, and had a branch in FrankfurtFrankfurt am Main [ˈfraŋkfʊrt] is the largest city in the German state of Hesse and the fifth largest city of Germany. Situated on the Main river, it has a population of approximately 650,000 (but about 2 million in its metropolitan a that it may have closed.

2 External link

Banks of Greece

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Topics: Piraeus Bank, Piraeus Bank Romania...

PiraeusPiraeus or Peiraeus is a city in Attica Department, Greece, located south of Athens. It was the port of the ancient city (see History of Athens chosen as the modern port when Athens was re-founded in 1834. Piraeus remains a major shipping and industrial c

Piraeus BankPiraeus Bank is a large, aggressively expanding Greek bank with about 270 branches, including one in London, and subsidiaries in New York and the Balkans. History 1916: Banque du Piree ( Piraeus Bank; BP) established. 1975: BP came under government owners

Piraeus Bank RomaniaPireaus Bank Romania is a subsidiary of Greece's Piraeus Bank. History 1995: Piraeus Bank established Piraeus Bank Romania. 2000: PB acquired Pater Bank in Romania from Budapest Bank. Pater Bank targeted Hungarians living in Romania. Banks of Romania.

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