Piraeus Financial Holdings Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Chris Megalou

Chief executive officer

€442.5k

Total compensation

CEO salary percentage	82.5%
CEO tenure	7.3yrs
CEO ownership	n/a
Management average tenure	4.1yrs
Board average tenure	7.6yrs

Recent management updates

Recent updates

Here's What Piraeus Bank S.A.'s (ATH:TPEIR) Shareholder Ownership Structure Looks Like

Dec 25

CEO Compensation Analysis

How has Chris Megalou's remuneration changed compared to Piraeus Financial Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	€841m
Dec 31 2023	n/a	n/a	€788m
Sep 30 2023	n/a	n/a	€746m
Jun 30 2023	n/a	n/a	€584m
Mar 31 2023	n/a	n/a	€557m
Dec 31 2022	€443k	€365k	€899m
Sep 30 2022	n/a	n/a	€807m
Jun 30 2022	n/a	n/a	€58m
Mar 31 2022	n/a	n/a	-€2b
Dec 31 2021	€392k	€365k	-€3b
Sep 30 2021	n/a	n/a	-€4b
Jun 30 2021	n/a	n/a	-€3b
Mar 31 2021	n/a	n/a	-€824m
Dec 31 2020	€324k	€293k	-€654m
Sep 30 2020	n/a	n/a	€51m
Jun 30 2020	n/a	n/a	€92m
Mar 31 2020	n/a	n/a	€26m
Dec 31 2019	€310k	€293k	€270m

Compensation vs Market: Chris's total compensation ($USD473.62K) is below average for companies of similar size in the Greek market ($USD2.27M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.

CEO

Chris Megalou (65 yo)

7.3yrs

Tenure

€442,501

Compensation

Mr. Christos Ioannis Megalou, also known as Chris, serves Managing Director, Chief Executive Officer & Executive Director as Piraeus Financial Holdings S.A. since March 8, 2017. Mr. Megalou is Chief Execut...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christos Megalou	MD, CEO & Executive Director	7.3yrs	€442.50k	no data
Vasileios Koutentakis	Executive General Manager of Retail Banking & Distribution Networks and Executive Director	4.1yrs	€434.70k	no data
Theodoros Gnardellis	Executive General Manager & Group CFO	4.9yrs	no data	no data
Charalampos Margaritis	GM & Group COO	1.3yrs	no data	no data
Panagiotis Vlachopoulos	Chief Investment Officer	no data	no data	no data
Chryssanthi Berbati	GM and Head of Business Planning	no data	no data	no data
Georgios Liakopoulos	Group General Counsel	no data	no data	no data
Theodore Tzouros	Executive GM & Chief of Corporate and Investment Banking	no data	no data	no data
Lydia Papadopoulou	Company Secretary	1.3yrs	no data	no data

4.1yrs

Average Tenure

56yo

Average Age

Experienced Management: TPEIR's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Christos Megalou	MD, CEO & Executive Director	7.3yrs	€442.50k	no data
Vasileios Koutentakis	Executive General Manager of Retail Banking & Distribution Networks and Executive Director	4.1yrs	€434.70k	no data
Venetia Kontogouris	Independent Non-Executive Director	7yrs	€85.00k	no data
Enrico Tommaso Cucchiani	Independent Non-Executive Member	7.6yrs	€145.00k	no data
Michalis Sallas	Chairman Emeritus	7.9yrs	no data	no data
Karel De Boeck	Senior Independent Director & Independent Non-Executive Vice Chairman	8yrs	€185.00k	no data
Georgious Handjinicolaou	Non-Executive Chairman of the Board	7.6yrs	€286.25k	no data
David Hexter	Independent Non-Executive Member	8.4yrs	€145.00k	no data
Anne Weatherston	Independent Non-Executive Director	4yrs	€181.00k	no data
Andrew Panzures	Independent Non-Executive Director	4yrs	€145.00k	no data
Alexander Blades	Non-Executive Director	8.4yrs	€121.00k	no data
Solomon Berahas	Independent Non-Executive Member	7.6yrs	€121.00k	no data

7.6yrs

Average Tenure

71yo

Average Age

Experienced Board: TPEIR's board of directors are considered experienced (7.6 years average tenure).

Piraeus Financial Holdings Management

Management criteria checks 4/4

Key information

Recent management updates

Piraeus Financial Holdings S.A., Annual General Meeting, Jun 27, 2023

Piraeus Bank S.A. Determines Six-Member Audit Committee

Recent updates

First quarter 2024 earnings released: EPS: €0.18 (vs €0.14 in 1Q 2023)

Price target increased by 7.5% to €4.93

Consensus EPS estimates increase by 14%

New minor risk - Earnings quality

Full year 2023 earnings: EPS exceeds analyst expectations

Price target increased by 8.0% to €4.55

Now 20% undervalued

Piraeus Financial Holdings S.A. to Report Nine Months, 2024 Results on Nov 04, 2024

Trastor Real Estate Investment Company SA (ATSE:TRASTOR) acquired Pileas Real Estate - Commercial S.A from Piraeus Financial Holdings S.A. (ATSE:TPEIR).

Third quarter 2023 earnings released: EPS: €0.22 (vs €0.091 in 3Q 2022)

Now 22% undervalued

Price target increased by 7.7% to €3.82

Second quarter 2023 earnings released: EPS: €0.096 (vs €0.074 in 2Q 2022)

Price target increased by 9.1% to €3.74

Price target increased by 7.2% to €3.42

Investor sentiment improves as stock rises 16%

Consensus EPS estimates increase by 11%

Price target increased by 10% to €3.19

Piraeus Financial Holdings S.A., Annual General Meeting, Jun 27, 2023

Investor sentiment improves as stock rises 18%

Price target increased by 7.3% to €2.89

Now 20% undervalued

First quarter 2023 earnings released: EPS: €0.13 (vs €0.42 in 1Q 2022)

Now 21% undervalued

Now 21% undervalued

Price target increased by 9.8% to €2.58

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.7% to €2.53

Now 20% undervalued

Price target increased by 8.3% to €2.32

Piraeus Financial Holdings S.A. to Report First Half, 2023 Results on Jul 31, 2023

Price target increased to €2.25

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates increase by 12%

Consensus EPS estimates increase by 18%

Consensus forecasts updated

Investor sentiment improved over the past week

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased to €1.71

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Piraeus Financial Holdings S.A. to Report First Half, 2022 Results on Aug 03, 2022

Intrum AB (publ) (OM:INTRUM) and Serengeti Asset Management LP completed the acquisition of Sunrise II Portfolio of Non-Performing Exposures of Piraeus Financial Holdings S.A. (ATSE:TPEIR).

Consensus forecasts updated

Third quarter 2021 earnings released: €0.51 loss per share (vs €0.11 profit in 3Q 2020)

Intrum AB (publ) (OM:INTRUM) completed the acquisition of 30% stake in Portfolio of Mezzanine Notes of the Vega securitization from Piraeus Financial Holdings S.A. (ATSE:TPEIR).

Intrum AB (publ) (OM:INTRUM) and Serengeti Asset Management LP reached definitive agreements to acquire Sunrise I portfolio of non-performing exposures of Piraeus Financial Holdings S.A. (ATSE:TPEIR).

Consensus revenue estimates fall to €2.06b

Consensus revenue estimates increase to €2.39b

First quarter 2021 earnings released: €8.02 loss per share (vs €8.69 loss in 1Q 2020)

Consensus forecasts updated

Price target decreased to €1.08

Full year 2020 earnings released: €1.49 loss per share (vs €0.62 profit in FY 2019)

Euronet Worldwide, Inc. (NasdaqGS:EEFT) agreed to acquire Piraeus Bank Merchant Acquiring (PBMA) Business of Piraeus Bank for €300 million.

Piraeus Financial Holdings S.A.(ATSE:TPEIR) dropped from FTSE All-World Index (USD)

Price target lowered to €1.47

Investor sentiment improved over the past week

Piraeus Bank S.A. Determines Six-Member Audit Committee

Here's What Piraeus Bank S.A.'s (ATH:TPEIR) Shareholder Ownership Structure Looks Like

Investor sentiment deteriorated over the past week

Intrum AB (publ) (OM:INTRUM) has reached an agreement to acquire A portfolio of retail, SB and leasing Non-Performing Exposures of Piraeus Bank S.A. (ATSE:TPEIR) for €42 million.

New 90-day high: €1.26

Market bids up stock over the past week

Third quarter 2020 earnings released: EPS €0.01

Market bids up stock over the past week

NewCo United Group Hellas S.A.R.L. acquired an additional 9.45% stake in Hellenic Company for Telecommunications and Telematic Applications S.A. (ATSE:FORTH) from Piraeus Bank S.A. (ATSE:TPEIR)

Piraeus Bank S.A. to Report Nine Months, 2020 Results on Nov 23, 2020

New 90-day low: €0.62

New 90-day low: €1.03

Davidson Kempner Capital Management LP completed the acquisition of Corporate Non-Performing Exposures of Piraeus Bank S.A. (ATSE:TPEIR).

New 90-day low: €1.08

Price target lowered to €1.64