05.13.2024

The European Bank for Reconstruction and Development (EBRD) and APS, a leading non-performing loan (NPL) management firm in Europe, are jointly investing in a funded participation concerning a more

11.28.2018

First Bank (formerly Piraeus Bank) that US private equity firm J.C. Flowers & Co bought has officially entered the American age. The bank inaugurated its first branch under the new brand identity on more

11.12.2018

Piraeus Bank sold the Landmark office space project in Bucharest’s Romana Square to investment fund Revetas Capital. According to ZF’s calculations this should be a EUR60 million to EUR70 million more

10.01.2018

Piraeus Bank Romania, the 11th largest bank in Romania by assets, has changed its name to First Bank starting October 1 to mark its new ownership structure, the bank said in a press release Monday. more

09.14.2018

The board of directors of Romanian lender Piraeus Bank Romania decided to rebrand the bank as First Bank, the lender said in a press release Friday. more

08.02.2018

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07.17.2018

Private equity firm J.C. Flowers & Co and the European Bank for Reconstruction and Development (EBRD) have completed the acquisition of the Romanian subsidiary of the Greek Piraeus Bank, in a move to more

07.17.2018

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06.29.2018

Piraeus Bank and J.C. Flowers & Co. have completed the sale of Piraeus Bank Romania, a subsidiary of Piraeus Bank SA, having received the necessary approvals from the National Bank of Romania, Piraeus more

06.28.2018

Private equity fund JC Flowers has received central bank clearance and has acquired the Romanian unit of Greek lender Piraeus Bank, the 13th largest lender in Romania. more

05.22.2018

Piraeus Bank is about the sell the Landmark office buildings in Piata Romana area to real estate asset manager Revetas Capital, ZF has learnt. more

12.22.2017

Private equity fund JC Flowers has taken over the Romanian unit of Greek lender Piraeus Bank, following a long period of negotiation. more

07.18.2017

Piraeus Bank Romania was directly involved in the Landmark office space project in Piata Romana area in downtown Bucharest, says deputy CEO Nikos Chaniotis, because more and more companies are willing more

06.14.2017

Piraeus Bank Romania will be launching, mid-June 2017, the first platform in Romania for the sale of banking products through video-audio interaction, called Piraeus LiveShop. more

12.23.2016

Romanian cable maker Romcab Targu-Mures (MCAB.RO) will borrow EUR5 million (RON23 million) from Piraeus Bank to finance the current activities and the investment projects of the company. more

12.14.2016

Piraeus Bank set up provisions (reserves covering potential risks) worth EUR9 million for loans that might fall under the debt discharge law, bank representatives said on Wednesday. more

11.23.2016

Piraeus Bank Romania (PBR.RO) registered a gross profit of EUR3.8 million in January-September 2016, compared to the same period a year before when it posted loss, the lender said in a statement. more

08.03.2016

Piraeus Bank has decided to cut the down payment required on mortgage loans in lei to 20%, after it was increased to over 40% in May due to implementation of the law on debt discharge. more

06.09.2016

Piraeus Bank Romania switched to EUR1 million profit in the first quarter of 2016, from losses worth EUR17 million in the same period a year before, the lender said in a statement on Thursday. more

03.29.2016

Piraeus Bank Romania reported revenue from core operations worth EUR71 million in 2015, down 10% on the year, as the bank focused more on resetting commercial relations while its lending activity was more

01.04.2016

What should have been the most important event of 2015 in the Romanian banking sector, the entry of private investment firm JC Flowers via the acquisition of two banks, Piraeus and Carpatica, fell more

09.03.2015

US’ fund J.C. Flowers, is trying to take over both Romanian lender Banca Comerciala Carpatica (BCC.RO) and Greek-owned lender Piraeus Bank in an attempt to set up a bank worth of a top 10 position more

06.29.2015

Greek-owned lender Piraeus Bank announced Monday capital controls imposed on Greek banks do not apply to the Romanian subsidiary, nor are its operations limited in any way. more

03.31.2015

Piraeus Bank Romania on Tuesday said its gross profit fell to EUR2.1 million in 2014, from EUR3.3 million a year ago. more

11.25.2014

Piraeus Bank Romania on Tuesday said its gross profit soared 88% to EUR6.8 million in the first nine months, from EUR3.6 million a year ago. more