Piraeus Financial Holdings

Institutional Investor Attica, Greece ·Founded 1916

Overview

Piraeus Financial Holdings is a Greek financial services group offering banking and investment solutions. The group operates through its subsidiary, Piraeus Bank S.A., which is the leading bank in Greece by loan and deposit market share, with a network of 368 branches and approximately 7,400 employees. As of March 2025, Piraeus Bank reported performing loans of €34.8 billion, deposits of €61.4 billion, and total assets of €78.8 billion. The group also manages client assets under management totaling €12.5 billion. The group's investment strategy focuses on enhancing and diversifying revenue sources, supporting the country's economic recovery through expanded lending, and optimizing return on capital to reward shareholders. In the first quarter of 2025, Piraeus Bank achieved a net interest margin of 2.4% and a net fee margin of 0.8%, with net fee income growing due to loan disbursements, bancassurance, and asset management. The loan portfolio increased by 16% year-over-year, driven by business lending, while retail lending remained stable. Client assets under management surpassed the full-year target of €12.0 billion, primarily due to strong mutual fund performance. Piraeus Financial Holdings has a track record of sustainable profitability and capital accumulation, with a cost-to-core income ratio of 35% and a non-performing exposure (NPE) ratio of 2.6%. The group maintains a strong capital position, with a common equity tier 1 (CET1) ratio of 14.4% as of March 2025. Piraeus Financial Holdings is committed to sustainability and actively participates in initiatives that promote environmental, social, and governance (ESG) practices. The group has played a leading role in shaping the UN Principles for Responsible Banking and has signed the UN Declaration "United in the Business of a Better World" and the Women's Empowerment Principles of the UN Global Compact and UN Women, committing to strengthening and promoting gender equality in the workplace.

Investment Focus

  • Diversified revenue sources
  • Support for economic recovery
  • Optimized return on capital

Portfolio Companies

Ethniki Insurance

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Frequently asked questions about Piraeus Financial Holdings

What sectors does Piraeus Financial Holdings invest in?

Piraeus Financial Holdings invests in Financial Services, Banking and Insurance, and is based in Attica, Greece. Piraeus Financial Holdings is listed as a institutional investor in the ConnectSafely investor database.

What stage does Piraeus Financial Holdings invest at?

Piraeus Financial Holdings backs companies at Growth, Late Stage, Pre-IPO, Buyout, Turnaround and Distressed.

Which regions does Piraeus Financial Holdings invest in?

Piraeus Financial Holdings invests across United Kingdom, Germany, Ireland, Egypt, Netherlands and Greece.

What companies has Piraeus Financial Holdings invested in?

Piraeus Financial Holdings's portfolio includes Ethniki Insurance.

Last updated · Source: ConnectSafely investor database