Founded in 1916, Piraeus Bank operated as a private credit institution for many decades, while it went through a state ownership for the period 1975-1991 until it was privatized in December 1991
Piraeus Bank Group, combining business development and social responsibility, endorses systematically its relations with its social partners through specific actions, while special emphasis is placed on the protection of the natural environment and preservation of cultural heritage. At the same time, the Piraeus Bank Group Cultural Foundation carries out culture-related activities, which are part of the Piraeus Bank Group's corporate social responsibility and operates a series of thematic museums in Greece, which is constantly growing and has the ability to convey to the Greek rural regions cultural activities of high standards with effective and efficient manner.
Piraeus Bank, Cyprus
Piraeus Bank (Cyprus) Ltd is a wholly owned subsidiary of Piraeus Bank S.A., the leading retail bank in Greece. It is licensed by The Central Bank of Cyprus and made a dynamic entrance to the Cypriot market in 2008 through the acquisition of the local Arab Bank operations. The Bank has a balance sheet in excess of €1bn, with loans of €0.7bn and deposits of €0.9bn. Despite the currently adverse conditions in Cyprus, the bank continues to have strong capital adequacy and liquidity.
With a network of 20 branches and business units all over Cyprus and more than 300 employees, the Bank offers a full range of banking and investment services, including: