Piraeus raises credit target for 2019

Piraeus raises credit target for 2019

Piraeus Bank will exceed its 4-billion-euro target in terms of financing corporations and individuals this year, reaching up to 4.5 billion instead, the lender’s chief executive officer Christos Megalou said this week during a speech in Alexandroupoli, northern Greece.

He added that the bank expects its credit expansion to take new loans in 2020 above 5 billion euros and that the ratio of loans to deposits currently stands at 85 percent, allowing the bank to support the market and new investments.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.