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Piraeus Bank is a universal bank providing various banking services. Historically a bank supportive of SMEs it now also possesses particular know-how in the areas of agricultural banking, consumer and mortgage credit, green banking, capital markets, investment banking, leasing and electronic banking. [10]
Emporiki Bank (absorbed into Alpha Bank) Ergasias Bank (absorbed into EFG Eurobank) FBB - First Business Bank (split into "good" and "bad" bank, good bank assets taken over by National Bank of Greece, all former FBB branches closed) General Bank of Greece (bought by Piraeus Bank) Grindlays Bank (absorbed into Piraeus Bank)
Five years after it was founded, Pater Bank was sold in 2000 to Piraeus Bank, [1] and its name was changed to reflect its new owner. Piraeus Bank sold its Romanian subsidiary to J.C. Flowers & Co. on 28 June 2018, who changed the bank's name to First Bank on 12 September 2018.
f Citibank sold its retail banking operations to Raiffeisen Bank in 2015, and currently only has corporate banking operations on the local market. g First Bank was known as Piraeus Bank until 2018, when the Piraeus Bank Group left the Romanian market and sold its subsidiary to J.C. Flowers & Co.
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Bank of Cyprus new offices in Aglandjia. The Nicosia Savings Bank or Nicosia Depository (Ταμιευτήριο η Λευκωσία) was founded on 1 January 1899 by a group of Cypriots led by Ioannis Economides, a figure in financial and social circles. The bank was the first Cypriot bank, with all the other banks in Cyprus being foreign-owned.
The bank's creation was acknowledged by the decree "On the establishment of (a) National Bank" (Official Gazette, no. 6 March 30, 1841, p. 59), according to which the National Bank is a private limited company based in Athens with a capital of 5,000,000 drachmas, divided into 5,000 shares of 1,000 drachmas. [15]
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