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Bank
FINANCIAL | Retail Banking
piraeusholdings.gr

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Investments

4

Portfolio Exits

4

Partners & Customers

10

About Piraeus Bank

Piraeus Bank offers a full range of financial products and services.

Piraeus Bank Headquarter Location

4 Amerikis Street

Athens, 10564,

Greece

0030-210-333-5000

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Piraeus Bank Web Traffic

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Piraeus Bank Rank

Research containing Piraeus Bank

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CB Insights Intelligence Analysts have mentioned Piraeus Bank in 1 CB Insights research brief, most recently on Jul 8, 2019.

Latest Piraeus Bank News

Piraeus Bank Embarks on a Three-Year Transformation Journey to Cloud with Accenture and Microsoft

Oct 14, 2021

content   ATHENS; Oct. 14, 2021 – Piraeus Bank is collaborating with Accenture (NYSE: ACN) and Microsoft (NYSE: MSFT) to accelerate its digital transformation, leveraging a cloud-first approach. The shared ambition of this initiative is to enhance Piraeus Bank’s position as a next-generation finance institution, powered by cutting-edge cloud technology, to deliver a superior banking experience to its stakeholders. Migrating its technology infrastructure to the cloud will serve as a catalyst for innovation, providing far more robust, innovative, secure, and compliant banking capabilities. With cloud, Piraeus Bank expects to increase its overall operational efficiency and agility, launch new products and services more quickly, enhance customer service, lower information technology costs, and contribute to its broader sustainability efforts by reducing its carbon footprint. As part of the initiative, Accenture will work with Piraeus Bank to devise and execute its strategic cloud migration, and help the company develop and introduce new cloud-based services. Microsoft will serve as the cloud provider and design authority, leveraging its Azure platform and providing quality assurance throughout the migration process. “Working with Accenture and Microsoft — two technology and cloud leaders — will help position Piraeus as one of the most digitally advanced banks in Greece, enabling us to provide customers the highest level of service while increasing our operational efficiency,” said Dimitri Mavrogiannis, Piraeus Bank’s group chief operating officer (COO). “Our aspiration is to follow a cloud-first strategy and have most of our technology infrastructure on the cloud, minimizing the need for a physical data center and promoting our ESG agenda.”   George Pallioudis, managing director in Accenture’s Banking industry group in Greece and account lead for Piraeus Bank, said, “Piraeus Bank understands that competing in today’s rapidly evolving market requires making cloud the foundation of its operational infrastructure. Working together with Microsoft, we will help Piraeus Bank in its transformation to become a cloud-first organization, marking one of the first and largest cloud migrations in the Greek financial services market.”   Yanna Andronopoulou, the Enterprise Commercial Sales Director for Greece Cyprus Malta at Microsoft, stated, “Piraeus Bank is proceeding with its transformation, setting a new benchmark for the banking sector. Our partnership will lead to a cloud-based operating model in order for the bank to offer outstanding personalized, friction-less banking experiences to its customers. In the coming years, as we progress this work, we are committed to addressing the bank’s uprising needs and further evolving the operating model of Piraeus Bank, leveraging our cloud infrastructure, innovation and skilling initiatives in order to fully harness the power of technology.”   About Accenture Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 624,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com . Accenture’s Banking industry group helps retail and commercial banks and payments providers boost innovation; address business, technology and regulatory challenges; and improve operational performance to build trust and engagement with customers and grow more profitably and securely. To learn more, visit  https://www.accenture.com/us-en/industries/banking-index . About Piraeus Bank Piraeus Bank is the leading lender in Greece, offering a full range of financial products and services to more than 5mn customers promoting sustainability and the principles of responsible banking. About Microsoft Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

Piraeus Bank Investments

4 Investments

Piraeus Bank has made 4 investments. Their latest investment was in KTEL Thessaloniki as part of their Unattributed on March 3, 2020.

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Piraeus Bank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/3/2020

Unattributed

KTEL Thessaloniki

$5.47M

Yes

1

10/24/2018

Debt

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$99M

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10

10/19/2017

Unattributed VC - II

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$99M

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10

2/7/2016

Unattributed VC

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$99M

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10

Date

3/3/2020

10/24/2018

10/19/2017

2/7/2016

Round

Unattributed

Debt

Unattributed VC - II

Unattributed VC

Company

KTEL Thessaloniki

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Amount

$5.47M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

Piraeus Bank Portfolio Exits

4 Portfolio Exits

Piraeus Bank has 4 portfolio exits. Their latest portfolio exit was Piraeus Bank - Merchant Acquiring Unit on March 16, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/16/2021

Divestiture

$991

2

00/00/0000

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$991

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10

00/00/0000

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$991

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10

00/00/0000

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10

Date

3/16/2021

00/00/0000

00/00/0000

00/00/0000

Exit

Divestiture

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Companies

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Valuation

$991

$991

$991

Acquirer

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Sources

2

10

10

10

Piraeus Bank Partners & Customers

10 Partners and customers

Piraeus Bank has 10 strategic partners and customers. Piraeus Bank recently partnered with Accenture on October 10, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

10/14/2021

Partner

Accenture

Ireland

Piraeus Bank Embarks on a Three-Year Transformation Journey to Cloud with Accenture and Microsoft

ATHENS ; Oct. 14 , 2021 -- Piraeus Bank is collaborating with Accenture and Microsoft to accelerate its digital transformation , leveraging a cloud-first approach .

1

3/3/2021

Vendor

Antelop

France

Piraeus Bank extends Antelop partnership for digital payments

Piraeus Bank , one of the largest banks in Greece , has selected Antelop as its new digital payments partner .

1

2/21/2020

Partner

ORIX

Japan

Piraeus Bank has entered into a strategic collaboration with ORIX Corporation

The partnership combines Piraeus Bank 's long-term relationships and knowledge of the Greek maritime sector with ORIX Corporation 's significant balance sheet capacity , to provide clients with a wider selection of financing instruments and additional financing where necessary .

1

2/7/2020

Partner

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10

10/23/2019

Partner

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10

Date

10/14/2021

3/3/2021

2/21/2020

2/7/2020

10/23/2019

Type

Partner

Vendor

Partner

Partner

Partner

Business Partner

Accenture

Antelop

ORIX

Country

Ireland

France

Japan

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News Snippet

Piraeus Bank Embarks on a Three-Year Transformation Journey to Cloud with Accenture and Microsoft

ATHENS ; Oct. 14 , 2021 -- Piraeus Bank is collaborating with Accenture and Microsoft to accelerate its digital transformation , leveraging a cloud-first approach .

Piraeus Bank extends Antelop partnership for digital payments

Piraeus Bank , one of the largest banks in Greece , has selected Antelop as its new digital payments partner .

Piraeus Bank has entered into a strategic collaboration with ORIX Corporation

The partnership combines Piraeus Bank 's long-term relationships and knowledge of the Greek maritime sector with ORIX Corporation 's significant balance sheet capacity , to provide clients with a wider selection of financing instruments and additional financing where necessary .

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Sources

1

1

1

10

10

Piraeus Bank Team

15 Team Members

Piraeus Bank has 15 team members, including current Chief Executive Officer, Christos Megalou.

Name

Work History

Title

Status

Christos Megalou

Chief Executive Officer

Current

Costas Paschalis

Emporiki Bank

Chief Financial Officer

Current

Dimitris Mavroyiannis

Commercial Bank of Dubai, Commercial Bank, Eurobank, and IBM

Chief Operating Officer

Current

Evans Hadjiloizos

Space Hellas, Vodafone, and COSMOTE

Chief Information Officer

Current

George Nasoulis

Chief Information Officer

Current

Name

Christos Megalou

Costas Paschalis

Dimitris Mavroyiannis

Evans Hadjiloizos

George Nasoulis

Work History

Emporiki Bank

Commercial Bank of Dubai, Commercial Bank, Eurobank, and IBM

Space Hellas, Vodafone, and COSMOTE

Title

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Chief Information Officer

Chief Information Officer

Status

Current

Current

Current

Current

Current

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