1. Skip to Menu
  2. Skip to Content
  3. Skip to Footer
Last Update:
12-08-2022 02:15

Stay Connected:


cyprus best companies, online business directory

Piraeus Bank (Cyprus) Ltd

Listing Details

Company Logo
Contact Person
Piraeus Bank (Cyprus) Ltd
1 Spyrou Kyprianou Avenue, 1065
+ 357 22575555
+ 357 22760890
Total Page Views
Actual visitors from our server to your web site(Live feed)
Piraeus Bank Group is one of the most dynamic and active financial organisations in Greece today. Founded in 1916, Piraeus Bank went through a period of state-ownership and management (1975-1991) before it was privatised in December 1991. Since then, it has continuously grown in size and activities.

Along with its organic growth, Piraeus Bank made a series of strategic moves with the goal of establishing a strong presence in the domestic market. Thus, in 1998, the Bank absorbed the activities of Chase Manhattan in Greece, took over controlling interest in Macedonia-Thrace Bank and acquired the specialised bank Credit Lyonnais Hellas. At the beginning of 1999, the Bank acquired Xiosbank and absorbed the activities of National Westminster Bank Plc in Greece. In June 2000, the Bank unified its three commercial banks in Greece (Piraeus Bank, Macedonia-Thrace Bank and Xiosbank), creating one of the three largest private sector banks in Greece.

In early 2002, Piraeus Bank acquired the Hellenic Industrial Development Bank (ETBAbank). ETBAbank was absorbed by Piraeus Bank in December 2003. Also, at the beginning of 2002, a strategic alliance agreement for the Greek market was signed between Piraeus Bank Group and ING Group, focused in the field of bancassurance, which was renewed for 10 more years in October 2007. At the beginning of July 2009, Piraeus Bank and BNP Wealth Management agreed to a strategic partnership in Wealth Management. Finally, at the beginning of October 2009, Piraeus Bank and Victoria General Insurance Company S.A. - subsidiary of Ergo International in Greece and member of the German insurance Group Munich Re - commenced a 10-year exclusive cooperation in the general insurance field.

In early 2005, Piraeus Bank Group, implementing its strategy for expansion in Southeastern Europe and Eastern Mediterranean markets, acquired the Bulgarian Eurobank (renamed into Piraeus Βank Bulgaria), strengthening its presence in Bulgaria, while the merger of Piraeus Bank branches in Bulgaria with Eurobank was completed in March 2006. Furthermore, in 2005, it entered into the Serbian market by acquiring Atlas Bank (renamed into Piraeus Bank Beograd), and into Egyptian market by acquiring Egyptian Commercial Bank (renamed into Piraeus Bank Egypt). Finally, in 2007, Piraeus Group expanded its international presence in Ukraine by acquiring the International Commerce Bank (renamed into Piraeus Bank ICB) and in Cyprus (Piraeus Bank Cyprus) by getting the approval to operate a banking institution and by the acquisition of the Arab Bank Cypriot network.

Today, Piraeus Bank leads a group of companies covering all financial and banking activities in the Greek market (universal bank). Piraeus Bank possesses particular know-how in the areas of retail banking, small and medium-sized enterprises (SMEs), capital markets and investment banking, leasing.

Best b2b

Cyprus Accountants | Cyprus Architects | Cyprus Banks | Cyprus Car Dealers | Cyprus Car Hire | Cyprus Computers
Cyprus Consultants | Cyprus Cooperative Banks | Cyprus Developers | Cyprus Education | Cyprus Estate Agents | Cyprus Furniture
Cyprus Health | Cyprus Home | Cyprus Hotels | Cyprus Insurance | Cyprus Lawyers | Cyprus Restaurants
Cyprus Shipping | Cyprus Travel Agents | Cyprus Web Designers | Cyprus Wine Shops | Cyprus Wineries
Welcome to our 24/7 Help Desk
1000 characters left
FREE WEB SITE ANALYSIS REPOPT Please submit your data to give you a free analysis report on your web site’s Search Engine Optimization and areas for improvement (this service is offered for free in cooperation with www.egroup.com.cy)