Piraeus Bank: HFSF holding 27% at Piraeus Bank
Under HFSF Law 3864/2010 (article 10, paragraph 2) the HFSF has the right to have one representative on each bank’s board. The HFSF’s Representatives are the Non-Executive Directors that are appointed by decision of the HFSF’s General Council, to the BoD of each Bank and exercise the voting rights in the respective Board Committees on behalf of HFSF. The HFSF’s Representatives are accomplished executives with extensive experience in the banking sector.
Piraeus Financial Holdings S.A. is a financial holdings company, listed on the Athens Stock Exchange, and the parent company of the banking institution “Piraeus Bank S.A.”.
Subsequent to the corporate transformation that took place on 30 December 2020, the banking operations were hived-down to a new wholly owned banking subsidiary (Piraeus Bank S.A.). Certain non-banking sector activities remain with the parent entity of the Group, which evolved into a financial holding company listed on the Athens Stock Exchange (Piraeus Financial Holdings S.A.).
The key subsidiary of Piraeus Financial Holdings S.A. is Piraeus Bank S.A., it is headquartered in Athens, generates 95% of the Group’s revenues, and has approximately 10.0 thousand employees. Piraeus Bank offers a full range of financial products and services to 5.5 million customers in Greece. Piraeus Bank was founded in 1916. Today it represents the leading Bank in Greece with significant market share in terms of customer loans and in terms of customer deposits.
Additionally, Piraeus Financial Holdings S.A., as the parent company of the Piraeus Group, holds 100% of the company “Piraeus Agency Solutions Single-Member Societe Anonyme for the Provision of Insurance Products’ Distribution Services and Financial Services” and the Ukrainian bank “JSC PIRAEUS BANK ICB”, while it maintains activities relating to:
- the mediation and distribution of insurance products, the provision of insurance consulting services and insurance indemnities to third parties and companies of the Piraeus Group, as well as the research, study and analysis of insurance issues
- the provision of specialized share registry services to domestic and/or foreign legal entities and other entities and companies and
- the provision of financial advisory services
In addition, Piraeus Financial Holdings S.A. as a listed company on the Athens Stock Exchange, maintains information and investor relations services, as well as share registry services.
The Hellenic Financial Stability Fund currently holds 337,599,150 common registered shares of Piraeus Financial Holdings S.A., which correspond to a percentage of 27% of its paid-up share capital.
Approximately 36 years of extensive experience in Retail, SME, Large Corporate Banking, Mutual Funds, Bancassurance, Bank Operations and consulting.
Major involvement and responsibility in Start-up operations, M&A , Corporate restructurings.
Responsible for managing multiple distribution channels(bank branches, agents, direct),selling a wide range of banking, investment and insurance products.