Latest news with #PiraeusBank
Globe and Mail
6 days ago
- Business
- Globe and Mail
Piraeus Recognised as Greece's Best Performing Bank in The Banker's 2025 Rankings
Piraeus (ATHEX: TPEIR) (OTCQX:BPIRY) has been recognised as Greece's Best Performing Bank in The Banker's 2025 Top 1000 World Banks rankings, the globally respected benchmark of banking strength published annually by the Financial Times. Piraeus secured the top spot in Greece for overall performance, achieving #1 positions in both operational efficiency and risk adjusted return. The Banker's Top 1000 World Banks performance rankings evaluate banks using a composite of metrics that go beyond Tier 1 capital. These include efficiency, asset quality, liquidity, and return, offering a broader view of sustainable banking performance. The data is sourced from banks' latest financial filings and assessed independently by The Banker's editorial and research team. Used by central banks, strategists and senior decision-makers in 94 countries, these rankings remain the most comprehensive measure of global banking strength, covering over 130 performance indicators and tracking $150 trillion in assets. Christos Megalou, Chief Executive Officer of Piraeus, commented, 'This recognition reflects the consistent, disciplined work across our organisation to improve efficiency, manage risk and deliver strong results for our clients and stakeholders. Being ranked first in overall performance is a testament to our team's efforts and to Piraeus' strength, resilience and leadership in our primary market. It demonstrates that our strategy is working and that our commitment to long-term value creation is resonating both within Greece and internationally.' The Banker notes that 2024 brought mixed results for European lenders, with pre-tax profits falling across the region and asset growth subdued. Greek banks, by contrast, have returned to profitability after a decade of restructuring, with Piraeus standing out for its strength in core performance metrics. Piraeus' performance in The Banker's rankings follows a period of focused execution across the Bank, from operating discipline to risk-adjusted returns. Over the past year, Piraeus delivered strong profitability, recording a net profit of €1.1 billion in 2024 and a return on tangible book value of 15%. The Bank continued to strengthen its balance sheet, growing its performing loan book by a leading market rate of 12%, to nearly €35 billion. Assets under management continued to grow at more than 20% per year, currently above €12 billion. These results underline the significant progress made in reinforcing the Bank's foundations and highlight its important role in supporting the Greek economy through stable, responsible, and forward-looking banking.
Yahoo
04-06-2025
- Business
- Yahoo
Piraeus Initiates Partnership With Qualco for the Development of a Digital Solutions Platform for Mortgage Loans
ATHENS, Greece, June 04, 2025--(BUSINESS WIRE)--Piraeus Financial Holdings (ATHEX: TPEIR) (OTCQX:BPIRY) (OTCQX: BPIRF) announces that its subsidiary, Piraeus Bank S.A. (hereinafter the "Bank") has entered into a Shareholders' Agreement ("SHA") with the technological provider, Qualco S.A. ("Qualco") to establish an operational digitalization solutions platform initially focused on mortgage loans (the "Platform"). The Platform will be developed and operated through a newly formed company, controlled by the Bank (51%), while Qualco retains a minority stake (49%). This strategic initiative aims to differentiate Piraeus' positioning by offering an end-to-end digital lending journey, accelerating time to cash, and optimizing loan disbursement processes. The Gen AI-powered Platform will enhance the mortgage lending experience by streamlining end to end the loan process, from application to disbursement, through advanced digital tools and technology- driven processes. Τhe Platform is envisaged to integrate in the future with real estate selling platforms and other digital tools, broadening the Bank's market reach. Τhe Platform will serve both as a processor of loans originated by the Bank, as well as a source of new loan opportunities for the Bank. Qualco holds a direct vested interest in the Platform's ongoing development, maintenance and product evolution to ensure optimal performance and profitability. Qualco, a leading technology company offering a wide range of analytics-driven fintech solutions with extended AI expertise and digital transformation experience, has been selected as the preferred partner for the development and deployment of the proposed solution as well as the long run support of the endeavor. KLC Law Firm acted as the external legal advisors for the Bank in connection with the transaction. View source version on Contacts PressOffice@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
06-05-2025
- Business
- Reuters
Piraeus Bank posts higher first-quarter profit
ATHENS, May 6 (Reuters) - Piraeus Bank ( opens new tab, Greece's third-largest lender by market value, reported higher quarterly net earnings on Tuesday on higher fee income. The bank reported net earnings of 284 million euros ($321.77 million) in the first three months of the year, compared with a profit of 233 million euros in the first quarter of 2024. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here.
Finextra
05-05-2025
- Business
- Finextra
20 Europe 2025: Our Take and Why We're Going: By Jf Sullivan
At this point, we've been going to Money20/20 for so long, we honestly can't remember a time when we weren't there. It's become a bit of a tradition - every summer, we pack our bags, brush up on the latest fintech trends, and head to Amsterdam. And each year, it's a little different. The crowd changes. The themes shift. The industry moves forward. But what stays the same is the feeling you get when you walk through those doors: that this is where the future of finance gets talked about for real. Over the years, we've had three chances to get on stage and share our perspective - which has been an honor. We don't take speaking spots lightly. Whether we're talking transaction data, user experience, or how to make finance work better for everyone, we show up with real stories, real lessons, and a whole lot of curiosity. Last year was a special one. We announced our partnership with Piraeus Bank - Greece's leading bank - right there at the event. It was a proud moment for us, and the kind of announcement that just fits the energy of Money20/20. Big things, bold moves, and lots of momentum. And yep - we'll be there again this year. What's interesting is how much the conversations have evolved. Way back when, it was all about disruption. Everyone wanted to 'kill the banks' or build the next big challenger. It felt a little like the Wild West of fintech. Now - it's different. We're talking more about partnerships, ecosystems, embedded finance, compliance, and how to build trust in a world full of AI. There's a bigger focus on doing things right, not just doing them fast. And the event itself has grown too. It's more thoughtful. More global. More diverse in every sense. It's not just startups and suits anymore - it's regulators, creatives, developers, banks, and everyone in between. We're excited to be back. Not just to shake hands and swap business cards, but to listen, learn, and maybe spark a few new ideas. If you're heading to Amsterdam, let's catch up. We'll be the ones by the coffee, talking about transaction enrichment, location intelligence, and how to make banking just a little bit smarter.
Arab News
30-04-2025
- Business
- Arab News
Greek envoy praised strategic ties between Athens and Riyadh
Riyadh: Greece and Saudi Arabia are longstanding strategic partners and will remain so for many years to come, Greek Ambassador Alexis Konstantopoulos said on Tuesday. Speaking at the National Day reception at the Greek Embassy in Riyadh, Konstantopoulos said many important Greek companies and entrepreneurs contributed to the building of Saudi Arabia since the early 1960s, such as the Latsis Group, Archirodon and others. He added Greek Prime Minister Kiriakos Mitsotakis visited AlUla last January and was warmly received by Crown Prince Mohammed bin Salman at his private desert camp, marking the first ever official state visit to take place there, a testament to the level of Greek-Saudi bilateral relations and their personal friendship. Mitsotakis was accompanied by nine ministers and deputy ministers and participated in high-level strategic dialogue, setting solid foundations, a comprehensive framework and concrete action plans in different fields — political, defense, investment and commerce, energy, culture, tourism and sports — which the ambassador called an ambitious, far-reaching and comprehensive program to advance every aspect of the two sides' bilateral relations for many years to come. 'Having had the privilege to serve in the Kingdom for some years, I can testify to the incredible changes that have taken place in this country — it completely transformed Saudi Arabia, its people and the Kingdom's regional and global position,' he noted. 'We look forward to enhancing not only our government-to-government relations but also our business-to-business and people-to-people level links. I take this opportunity to welcome here today the CEO of Piraeus Bank, which together with Eurobank and the National Bank of Greece, as well as many other Greek companies, have a strong interest in the Saudi market. Our common ambitions are strong, we are complementary in many fields and our cooperation will add significant added value to our economies,' said Konstantopoulos. He added: 'Tonight we are celebrating the national day of Greece, the beginning of the fight for independence against Ottoman rule, which falls on March 25 and was accordingly postponed since it was Ramadan. Together, tonight, we celebrate our two countries, our great history, our common friendship, and our mutual respect. 'Our Greek community is warmly welcomed here, adding significant added value to the Saudi public and private sector, a fine example of Greek know-how and expertise. We are looking forward to welcoming more Greek tourists in the diverse and beautiful natural environment of Saudi Arabia and to welcoming more visitors from Saudi Arabia in our home country Greece. 'Aegean has more than seven-weekly flights from Riyadh and Jeddah to Greece and Saudia will start this summer to operate flights to Greece, almost on a daily basis,' said the ambassador. 'This is the celebration of a true friendship between two peoples with an ancient heritage, a booming present and a brilliant future,' he added. Konstantopoulos thanked Prince Mohammed bin Abdulrahman bin Abdulaziz, deputy governor of Riyadh region, for honoring the reception with his presence.
