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Brief presentation

BRIEF OVERVIEW

Piraeus Bank is a universal bank specialized in corporate banking, retail banking, SMEs, capital markets. The bank has subsidiaries in other financial sectors, such as real estate brokerage, project financing, asset management and private banking.

HISTORY

Piraeus Bank Bulgaria started its operation in Bulgaria in 1993 and throughout its 24 year history in the country, the Bank has earned a solid reputation as a dynamic, innovative, flexible and stable financial institution with an extensive international experience, know-how, expertise, broad range of high quality products and services.

In early 2005, Piraeus Bank Group, implementing its strategy for expansion in Southeastern Europe and Eastern Mediterranean markets, acquired the Bulgarian Eurobank. The legal merger between the two financial institutions was finalized in March 2006. Combining Piraeus Bank Group's long years of experience with the enterprise of Eurobank - one of the most active banks on the Bulgarian market, Piraeus Bank Bulgaria became one of the ten most powerful and dynamically developing banks in the country. 

In December 2006 Piraeus Bank Bulgaria signed a partnership agreement with ING Bank Bulgaria in the field of retail banking, life insurance and pension products. In 2007 is finalized the acquisition of ING Bank Bulgaria retail portfolio.

In the end of March 2017 Piraeus Bank Bulgaria has a branch network, consisting of 76 branches, assets amounting to EUR 1.50 billion and over 870 employees. 

STRATEGIC GOALS

  • Continuously meeting clients’ needs and shareholders’ expectations
  • Permanent development of the offered products and services, implementing of new bank products and services and administrative flexibility
  • Consolidation of the Bank as a powerful and respected financial and economic structure with stable positions on the Bulgarian market
  • Creating a strong group of professionals, capable of working effectively in the rival banking sector

MAIN PRIORITIES

As Piraeus Bank considers human potential to be the main advantage over its competitors and also a major strength in offering fast and high quality service, it stakes on the professional growth of its employees and on a corporate bank culture which offers:

  • High responsiveness to the clients’ needs
  • Professionalism
  • Effectiveness
  • Flexibility
  • Initiative

MISSION, VISION AND VALUES

Our mission is to be a dynamically developing and flexible Bank. A Bank that is friendly and close to its clients and shareholders. A Bank that understands and meets their needs and requirements. A Bank that lives up to and exceeds their expectations. A Bank that strives to constantly renew and improve its products and services to satisfy their needs. A Bank that is a loyal partner and a friend.

We believe that the flourishing of every business is closely related to the social prosperity. The constant corporate initiatives of the Bank towards society and its employees are its philosophy for growth, success strategy and principal business culture.

Our vision is to be a powerful and prestigious financial institution with solid positions and a leading role in the Bulgarian banking market.

Our goal is to continue the dynamic development of the Bank so that to be competitive in the constantly changing environment.

Our duty is to offer our clients innovative products, an individual approach, and high quality services.

Our commitment is to ensure superior value for our shareholders, to continue stimulating our employees and invest in them.

Our values:

  • An individual approach and focus on clients
  • Development of mutually advantageous partnerships
  • High-quality service
  • Creative thinking and search for innovative solutions
  • Developing highly competitive solutions bringing added value to our clients
  • Providing prosperity and constant career development for employees, teamwork, respect and trust
  • Corporate responsibility towards society, environment, culture and employees
  • Utter respect for the law and the procedures
  • Bank protection against all risks
  • Commitment to superior shareholder value

AWARDS

In April 2015 Business Lady magazine awarded Ms. Krasimira Todorova, Deputy General Manager of Piraeus Bank Bulgaria and Member of the Board of Directors, in category “Banking Management” for her experience and contribution in the area of credit risk management, problem loans and the banking in general.

Piraeus Bank Bulgaria and UNICEF Bulgaria BLAGODETEL Campaign won first place in Best Campaign Category at 8th annual Together Awards, 2013

Piraeus Bank Bulgaria and UNICEF Bulgaria BLAGODETEL Campaign won first place at European CSR Awards Bulgaria, 2013

In October 2012 Piraeus Bank Bulgaria was awarded for its excellent ranking among the top ten banks operating on the Bulgarian market of the prestigious ranking of the largest public companies in Southeast Europe - SeeNews TOP 100 SEE. The award was accepted by bank CEO Mr. Athanasios Koutsopoulos.

Piraeus Bank Bulgaria won "Golden Apple" award in the category "Business organization" for the contribution to the life and welfare of Bulgarian children.

"Investor in related marketing cause" award from Annual Responsible Business Awards of the Bulgarian Business Leaders Forum for 2012 for fundraising campaign for 'Blagodetel', organized jointly with UNICEF

Financial Product of the Year 2005, 2006 and 2007 awards from the International financial Exhibition 'Banks, Investments, Money' 

First prize in the category "Best project designed up to 15.12.2010" under the initiative of the Ministry of Labor and Social Policy -"Employer of the Year".

Best Print Ad award from the annual awards of Bulgarian Marketing Association for 2005.

Brand Manager of the year 2006 in the Glocal brand category of the Brand Manager of the year 2006 contest for most successfully presented global brand on the Bulgarian market. 

The prestigious 'Banker of the Year 2006' award bestowed to Mr. Athanassios Koutsopoulos, CEO of Piraeus Bank Bulgaria for the successful merger between Piraeus Bank and Eurobank.

In 2008 Piraeus Bank Bulgaria was awarded in the rating "Best Business Superbrands in Bulgaria 2007-2008" and "Most Dynamic Bank of 2007" at the annual Bank of the Year Ceremony.

Piraeus Bank Bulgaria was also awarded Deutsche Bank's 2007 "Straight -Trough Processing"(STP) Excellence Award.