About Piraeus Bank
Piraeus Bank is a company based in Athens (Greece) founded in 1916. It operates as a Subscription Services, Commission-Based, and FinTech. Piraeus Bank has completed 6 acquisitions, including Ethniki, Ethniki Insurance and Geniki Bank. Piraeus Bank offers products and services including Deposits, Mortgage Loans, Consumer Loans, Cards, and Insurance. Piraeus Bank operates in a competitive market with competitors including Alpha Bank, Bank of America, Scotiabank, National Bank of Greece and Eurobank, among others.
- Headquarter Athens, Greece
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Sectors
Financial Services
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Phone
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Website
*********
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Social
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- Legal Name Piraeus Bank S.A.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$222.84 K (USD), Grant
Jan 01, 2020
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Ethniki
& 5 more
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Products & Services of Piraeus Bank
Piraeus Bank offers a comprehensive portfolio of products and services, including Deposits, Mortgage Loans, Consumer Loans, Cards, and Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Accounts for daily transactions and savings are provided.
Loans for purchasing or renovating homes are offered.
Personal loans for various consumer needs are available.
Credit, debit, and prepaid cards are issued online.
Insurance solutions through top companies are facilitated here.
Investment strategies are planned with clients collaboratively.
Online banking services for transactions are provided securely.
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Funding Insights of Piraeus Bank
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $222,836
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First Round
First Round
(01 Sep 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2020 | Amount | Grant - Piraeus Bank | Valuation |
investors |
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| Sep, 2019 | Amount | Grant - Piraeus Bank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Piraeus Bank
Piraeus Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Piraeus Bank
Piraeus Bank has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Ethniki, Ethniki Insurance and Geniki Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Private equity firm focused on alternative and equity investments
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2011 | ||||
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Insurance brokerage services are provided in Strovolos, Cyprus.
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2002 | ||||
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Articles on finance, economics, and investments are provided online.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Piraeus Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Piraeus Bank Comparisons
Competitors of Piraeus Bank
Piraeus Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Alpha Bank, Bank of America, Scotiabank, National Bank of Greece and Eurobank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Alpha Bank is recognized as a leading financial institution in Greece.
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Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Retail, corporate, and investment banking services are provided in Greece.
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| domain | founded_year | HQ Location |
Retail, corporate, and private banking services are provided in Greece.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Piraeus Bank
Frequently Asked Questions about Piraeus Bank
When was Piraeus Bank founded?
Piraeus Bank was founded in 1916 and raised its 1st funding round 103 years after it was founded.
Where is Piraeus Bank located?
Piraeus Bank is headquartered in Athens, Greece.
What does Piraeus Bank do?
Piraeus Bank is involved in offering a wide range of financial services including deposits, mortgage and consumer loans, credit and debit cards, insurance solutions, and investment planning. Services are extended to individuals, businesses, and private banking clients across Greece. Digital banking solutions like e-banking and the Piraeus app are provided to facilitate secure and convenient transactions. Emphasis is placed on sustainability and corporate responsibility, with initiatives like energy-saving modes on their website and programs supporting social equality. The bank operates within the commercial banking sector, focusing on responsible and innovative financial solutions.
Who are the top competitors of Piraeus Bank?
Piraeus Bank's top competitors include Alpha Bank, Scotiabank and Eurobank.
What products or services does Piraeus Bank offer?
Piraeus Bank offers Deposits, Mortgage Loans, Consumer Loans, Cards, and 3 more products and services.
How many acquisitions has Piraeus Bank made?
Piraeus Bank has made 6 acquisitions, including Ethniki, Ethniki Insurance, and Geniki Bank.
Who are Piraeus Bank's investors?
Piraeus Bank has 1 investor. Key investors include European Union.
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