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02.01.26 - 13:30
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Greece Factory Growth Improves In December (AFX)
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BRUSSELS (dpa-AFX) - Greece's factory activity logged a steeper improvement in December amid acceleration in new order growth, survey data from S&P Global showed on Friday.The manufacturing Purcha......
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27.11.25 - 09:48
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Piraeus Bank Completes the Acquisition of Ethniki Insurance (Business Wire)
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ATHENS, Greece--(BUSINESS WIRE)--Further to the announcement on 12 March 2025, Piraeus Financial Holdings S.A. informs the investment community that its subsidiary, Piraeus Bank S.A. (“Piraeus”), has concluded the acquisition of the total shares (percentage 100%) of the parent company of Ethniki Insurance, “Ethniki Holdings S.à.r.l.”, from CVC Capital Partners Fund VII and National Bank of Greece (the “Transaction”).
The total consideration paid for the Transaction is €0.6bn in cash. Following the conclusion of the Transaction, the total capital ratio of Piraeus Financial Holdings is expected to be circa 19% at end-2025, translating into a Pillar 2 Guidance buffer of circa 300bps.
The integration of Ethniki Insurance into the Piraeus Group is expected to further diversify the Group's revenue sources, while complementing its product range, covering the whole spectrum of banking, protection and investment solutions.
Ethniki Insurance is one of Greece's leading insurance companies, and the o...
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26.11.25 - 10:30
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Piraeus Bank Successfully Priced a €500mn Green Bond at the Tightest Senior Preferred Bond Spread Ever (Business Wire)
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ATHENS, Greece--(BUSINESS WIRE)--Piraeus Financial Holdings S.A. announces that its subsidiary, Piraeus Bank S.A. (“Piraeus” or the “Bank”), has successfully completed the pricing of a new €500 million Green Senior Preferred Bond (the “Bond”) with a coupon of 3.375%, attracting the interest of a large number of institutional investors.
The Bond has a maturity of 6 years and an embedded issuer call option after 5 years. Settlement will take place on 2 December 2025 and the notes will be listed on the Luxembourg Stock Exchange's Euro MTF market. The Bond is expected to be assigned an investment grade rating of “Baa2” from Moody's Ratings.
The net proceeds of the issuance will be directed towards the financing and/or the refinancing of eligible green assets, as described in the Piraeus' Green Bond Framework, providing a positive environmental impact. Additionally, the Bond will further support Piraeus' MREL position.
The issuance takes place following the recent Piraeus' ESG rating upg...
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