Piraeus Bank Beograd

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.

Piraeus Bank Beograd
Native name
Pireus banka/
Пиреус банка
FormerlyAtlas Bank
TypeJoint-stock company
IndustryFinancial services
FoundedMay 2005 (2005-05) (Last form)
8 August 1995 (1995-08-08) (Originally founded)[1]
Defunct26 October 2018 (2018-10-26)
FateMerged into Direktna Banka
SuccessorDirektna Banka
Headquarters
Belgrade
,
Serbia
Area served
Serbia
Key people
Neoclis Neocleous (CEO)
ProductsCommercial banking, Investment banking
RevenueDecrease €1.376 billion (2016)
Decrease€428.65 million (2016)
Increase€25.91 million (2016)
Total assetsDecrease €52.24 million (2016)
Total equityIncrease €12.331 million (2016)
Number of employees
547[2]
Websitewww.piraeusbank.rs

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.[5]

See also

References
  1. "Piraeus Bank AD Beograd".
  2. Основни подаци из годишњег финансијског извештаја за обвезника ревизије за 2013. годину. Agencija za privredne registre Srbije (in Serbian). Retrieved 20 April 2014.
  3. "Piraeus Bank AD Beograd".
  4. "Branch network".
  5. "Direktna banka kupila Pireus banku u Srbiji". n1info.com (in Serbian). 17 October 2017. Retrieved 15 January 2018.
  6. "Direktna banka kupila i Piraeus banku". gdeinvestirati.com (in Serbian). 18 October 2017. Retrieved 15 January 2018.
  7. "Direktna Banka uspešno integrisala Piraeus banku". Ekspres.net (in Serbian (Latin script)). Retrieved 2022-06-25.
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