Piraeus Financial Holdings S.A.: Business Overview, Financials & Competitive Analysis
Piraeus Financial Holdings S.A. scores 7/10 on the AskCyborg Cyborg Score (Strong). Attractive Greek banking play with improving profitability, strong capital position, and compelling valuation supporting 7-8% dividend yields. Piraeus offers attractive financial metrics with a P/E of 8.6x and FCF/EV yield of 19%, indicating strong valuation. The bank has demonstrated improved earnings momentum and capital strengthening, though it operates.
What is Piraeus Financial Holdings S.A.'s industry? Piraeus Financial Holdings S.A. (piraeusbank.gr) operates in Banking & Financial Services. AskCyborg classifies Piraeus Financial Holdings S.A. under Banking & Financial Services in its company registry.
Piraeus Financial Holdings provides banking products and services in Greece and internationally, operating through Retail Banking, Corporate Banking, Piraeus Financial Markets, and other segments, offering deposits, m...
Cyborg Score thesis
Attractive Greek banking play with improving profitability, strong capital position, and compelling valuation supporting 7-8%...
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Get Current Report FreePiraeus Financial Holdings S.A. Overview
Pro stress-test →Piraeus Financial Holdings provides banking products and services in Greece and internationally, operating through Retail Banking, Corporate Banking, Piraeus Financial Markets, and other segments, offering deposits, mortgages, consumer loans, credit cards, and corporate lending. The company is a major Greek systemically important bank with strong profitability recovery.
Strategic Profile
Pro stress-test →In 2024, the company achieved €2.65 billion in revenue (up 15.09%) and €1.07 billion in earnings (up 35.28%). The bank recently strengthened its capital adequacy ratio to 20.6% through strategic initiatives including an €400 million AT1 capital raise. The company maintains a strong dividend policy with €0.72 per share paid in dividends over 12 months as of February 2026.
Competitive Landscape
Pro stress-test →Major competitors in the Greek banking sector include Eurobank, National Bank of Greece, Alpha Bank, and Optima Bank. Piraeus is positioned as Greece's third-largest lender by market value with differentiated strengths in corporate banking, maritime lending, and improving retail operations.
Industry Context
Piraeus Financial Holdings S.A. operates in Banking & Financial Services.
Key facts
Founded: 1916 · Headquarters: Athens, Greece · Employees: 7,760 · Revenue: €2.65B · Market cap: €10.36B