Piraeus Bank

Universal bank · Athens, Greece

Piraeus is a Greek systemic bank supervised by the European Central Bank, with 384 branches, 8,518 staff and 4.5 million active customers at 30 June 2026. For businesses it covers the usual national bank range: current accounts, business cards, payments and collections, working capital, letters of guarantee, factoring, leasing and co-financed development loans, plus corporate transaction banking and risk management for larger companies. It also runs an agricultural banking arm and, since the Ethniki Insurance acquisition, an insurance business. Everything is Greece-based; there is no foreign branch network and no remote onboarding of non-resident companies.

Legal name: Piraeus Bank S.A. (Piraeus Financial Holdings S.A.)
Regulated by: European Central Bank (Single Supervisory Mechanism), Bank of Greece, Hellenic Capital Market Commission
Licence confirmed: yes, on a regulator's own list
Established: 1916
Website: www.piraeusbank.gr

Scores, 0 to 10

7.5Financial strength & stability

Investment grade from all international agencies after the S&P upgrade to BBB- on 20 July 2026, CET1 12.8%, total capital 18.6% and an NPE ratio of 2.2%. · source

7.0Europe (EU, EEA, Switzerland)

A Greek systemic bank under ECB supervision with 384 branches, EUR 68.4 billion of deposits and native euro rails, but its network and lending sit in one EU country. · source

6.0Trade, manufacturing & import-export

Letters of guarantee, factoring, leasing, working capital and co-financed loans are all listed, with transaction banking and risk management for corporations. · source

5.0Cross-border payments, FX and multi-currency accounts

Corporate transaction banking and risk management cover euro and SWIFT payments with hedging for larger clients, but no currency list or FX margin is published. Corporate transaction banking, financing, risk management, investments and digital solutions are offered to corporations, but within Greece only and with no cash pooling across countries. · source

5.0Business cards (Visa, Mastercard)

Business cards are offered and the retail range is Visa credit, debit and prepaid, but no virtual cards, per-card spend controls or FX-free card spend are published for companies. · source

5.0On-ramp: buy crypto with fiat

Evidence is thin and not specific to Piraeus: an August 2026 Greek guide says Greek banks let clients send SEPA transfers to MiCA-licensed exchanges and ask for source-of-funds papers case by case, and a June 2026 Bank of Greece decision bars banks from steering clients to unlicensed crypto services. · source

5.0Off-ramp: crypto to fiat in a business account

Evidence is thin: exchange guides list Piraeus among Greek banks that receive euro withdrawals from exchanges, but Piraeus publishes no source-of-funds process for crypto proceeds and large or repeated amounts get case-by-case AML questions. · source

4.0Lowest fees

Typical incumbent structure: business accounts and cards are sold through branches with no free tier and no published price list on the business banking pages. · source

4.0Best interest on business balances

Business deposits and investment products for companies are offered, but no treasury sweep or published business yield; the group's own funding cost benefit comes from EUR 68.4 billion of customer deposits. · source

4.0Fast digital onboarding

Opening runs through the 384-branch network with an online appointment booking form; no fully online business application and no stated time to open. · source

4.0Online businesses: e-commerce and SaaS

Business payments and collections and business cards are offered, but there is no multi-currency collection account and no marketplace payout product. Digital solutions and e-banking exist for companies, but there are no USD or EUR receiving accounts for a foreign software firm, no accounting integrations listed and no recurring-revenue financing. · source

4.0Startups & VC-backed companies

There is a Starting your business section with standard SME products; no venture debt, no pre-revenue path and no startup programme. · source

3.5Fintech companies that need a partner bank

No safeguarding accounts, BIN sponsorship or agency banking for payment firms is offered; the group's fintech activity is its own digital bank Snappi, which had about 210,000 users at June 2026. · source

3.0Crypto-friendly bank

Piraeus publishes no policy on crypto businesses; digital assets appear nowhere in the H1 2026 results or the business banking product list. · source

3.0Foreign-owned & non-resident companies

The bank publishes no policy for foreign-owned or non-resident companies; opening runs through Greek branches with an appointment. · source

3.0High-risk verticals (iGaming, cannabis, adult, forex)

No acceptance or prohibited-activity policy for gambling, cannabis, adult or forex businesses is published on the business banking pages. · source

2.5Stablecoins (USDC, USDT and others)

On 20 May 2026 Piraeus joined Qivalis, the 37-bank consortium building a MiCA euro stablecoin planned for the second half of 2026; the coin is not live and Piraeus has not said how business clients will get it. · source

2.0Customer satisfaction

Trustpilot shows 1.8 out of 5 from 67 reviews for piraeusbank.gr. · source

1.0Crypto wallet and custody for a business

Piraeus's business banking pages cover accounts, cards, payments and collections, card acceptance and lending, with no crypto custody for companies, checked September 2026. · source

1.0Accept crypto payments

Piraeus's payments and collections range covers card acceptance in shops and online but no crypto or stablecoin acceptance, checked September 2026. · source

1.0Bitcoin

Piraeus offers no bitcoin buying, custody or transfer to business or retail clients, and digital assets are absent from its business product list, checked September 2026. · source

1.0Ethereum

Piraeus offers no ether or token service to any client, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.