Piraeus Bank Beograd Explained

Piraeus Bank Beograd
Former Name:Atlas Bank
Type:Joint-stock company
Native Name:Pireus banka/
Пиреус банка
Native Name Lang:srb
Foundation:
[1]
Fate:Merged into Direktna Banka
Successor:Direktna Banka
Location City:Belgrade
Location Country:Serbia
Area Served:Serbia
Key People:Neoclis Neocleous (CEO)
Revenue: 1.376 billion (2016)
Operating Income:€428.65 million (2016)
Net Income:€25.91 million (2016)
Assets: €52.24 million (2016)
Equity: €12.331 million (2016)
Num Employees:547[2]
Industry:Financial services
Products:Commercial banking, Investment banking

Piraeus Bank Beograd (full legal name: Piraeus Bank a.d. Beograd),[3] was a Serbian bank that existed from May 2005 until October 2018 when it was acquired by Direktna Banka. It was majority owned by Greek Piraeus Bank. Its particular activities were in the areas of large corporate banking, retail banking and SMEs.

History

Piraeus Bank started its operations in the Serbian market with a network of 9 branches and 176 employees. Today, the Bank has a business network of 34 branches,[4] approximately 550 employees, it has developed sector of Piraeus Leasing and Piraeus Rent, and tens of thousands of clients.

In November 2017, Direktna Banka bought Piraeus Bank Beograd from the Greek Piraeus Bank, for a sum in the range of 58–61 million euros.[5] [6] The complete merge is expected to be completed by the first quarter of 2018,[7] and thus way Direktna Banka would have a total equity worth over 500 million euros.

See also

External links

Notes and References

  1. Web site: Piraeus Bank AD Beograd.
  2. Web site: sr:Основни подаци из годишњег финансијског извештаја за обвезника ревизије за 2013. годину. http://fi.apr.gov.rs/prijemfi/cir/podaci.asp?strSearch=17082990&kod=541bb040b2e8ecee81a55ab293dd0d5e39cf5bf3&godina=2013. Agencija za privredne registre Srbije. 20 April 2014. sr.
  3. Web site: Piraeus Bank AD Beograd.
  4. Web site: Branch network.
  5. News: Direktna banka kupila Pireus banku u Srbiji. 15 January 2018. n1info.com. 17 October 2017. Serbian.
  6. News: Direktna banka kupila i Piraeus banku. 15 January 2018. gdeinvestirati.com. 18 October 2017. Serbian.
  7. Web site: Direktna Banka uspešno integrisala Piraeus banku . 2022-06-25 . Ekspres.net . sr-Latn.