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Piraeus Bank

OTCPK:BPIR.F
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BPIR.F
OTCPK
€633M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Piraeus Bank S.A. provides banking products and services in Greece and internationally. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • Piraeus Bank has significant price volatility in the past 3 months.
BPIR.F Share Price and Events
7 Day Returns
0.7%
OTCPK:BPIR.F
-3.2%
US Banks
-0.7%
US Market
1 Year Returns
-49.8%
OTCPK:BPIR.F
-10.8%
US Banks
3%
US Market
BPIR.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Piraeus Bank (BPIR.F) 0.7% -20.2% 115% -49.8% 408% -23%
US Banks -3.2% -3.4% -2.3% -10.8% 41.5% 46.8%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • BPIR.F underperformed the Banks industry which returned -10.8% over the past year.
  • BPIR.F underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
BPIR.F
Industry
5yr Volatility vs Market

Value

 Is Piraeus Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Piraeus Bank. This is due to cash flow or dividend data being unavailable. The share price is $1.6509.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Piraeus Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Piraeus Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:BPIR.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.42
ATSE:TPEIR Share Price ** ATSE (2019-05-15) in EUR €1.45
United States of America Banks Industry PE Ratio Median Figure of 593 Publicly-Listed Banks Companies 12.77x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Piraeus Bank.

OTCPK:BPIR.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ATSE:TPEIR Share Price ÷ EPS (both in EUR)

= 1.45 ÷ 0.42

3.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Piraeus Bank is good value based on earnings compared to the US Banks industry average.
  • Piraeus Bank is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Piraeus Bank's expected growth come at a high price?
Raw Data
OTCPK:BPIR.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
9.8%per year
United States of America Banks Industry PEG Ratio Median Figure of 269 Publicly-Listed Banks Companies 1.39x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:BPIR.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.44x ÷ 9.8%

0.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Piraeus Bank is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Piraeus Bank's assets?
Raw Data
OTCPK:BPIR.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €16.94
ATSE:TPEIR Share Price * ATSE (2019-05-15) in EUR €1.45
United States of America Banks Industry PB Ratio Median Figure of 598 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:BPIR.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ATSE:TPEIR Share Price ÷ Book Value per Share (both in EUR)

= 1.45 ÷ 16.94

0.09x

* Primary Listing of Piraeus Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Piraeus Bank is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Piraeus Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Piraeus Bank has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Piraeus Bank expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Piraeus Bank expected to grow at an attractive rate?
  • Piraeus Bank's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Piraeus Bank's earnings growth is positive but not above the United States of America market average.
  • Piraeus Bank's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:BPIR.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:BPIR.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 9.8%
OTCPK:BPIR.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 9.8%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:BPIR.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:BPIR.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,804 194 8
2020-12-31 1,791 191 12
2019-12-31 1,836 108 8
OTCPK:BPIR.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,305 -4,325 184
2018-09-30 217 -4,035 56
2018-06-30 110 -4,989 -56
2018-03-31 137 -1,841 -70
2017-12-31 39 684 -8
2017-09-30 1,078 -1,372 7
2017-06-30 1,167 -1,704 52
2017-03-31 1,201 -1,904 64
2016-12-31 1,216 -2,447 37
2016-09-30 207 -2,562 -1,223
2016-06-30 270 -1,338 -748
2016-03-31 -1,137 6,441 -1,829

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Piraeus Bank's earnings are expected to grow by 9.8% yearly, however this is not considered high growth (20% yearly).
  • Piraeus Bank's revenue is expected to grow by 9.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:BPIR.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Piraeus Bank Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BPIR.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.39 0.54 0.00 4.00
2020-12-31 0.46 0.71 0.33 6.00
2019-12-31 0.24 0.26 0.20 6.00
OTCPK:BPIR.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.42
2018-09-30 0.13
2018-06-30 -0.13
2018-03-31 -0.16
2017-12-31 -0.02
2017-09-30 0.02
2017-06-30 0.12
2017-03-31 0.15
2016-12-31 0.08
2016-09-30 -3.26
2016-06-30 -2.60
2016-03-31 -9.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Piraeus Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Piraeus Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Piraeus Bank has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Piraeus Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Piraeus Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Piraeus Bank has delivered over 20% year on year earnings growth in the past 5 years.
  • Piraeus Bank has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Piraeus Bank has become profitable in the last year making it difficult to compare the US Banks industry average.
Earnings and Revenue History
Piraeus Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Piraeus Bank Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BPIR.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,305.00 184.00 925.00
2018-09-30 216.62 56.42 1,171.06
2018-06-30 109.97 -56.02 1,053.63
2018-03-31 137.46 -70.22 1,052.54
2017-12-31 39.00 -8.00 1,003.00
2017-09-30 1,078.11 7.44 976.77
2017-06-30 1,167.23 52.48 1,014.94
2017-03-31 1,201.31 63.68 1,062.84
2016-12-31 1,216.19 36.79 1,100.31
2016-09-30 207.39 -1,223.47 1,193.41
2016-06-30 270.33 -747.98 1,210.30
2016-03-31 -1,136.87 -1,828.63 1,235.07
2015-12-31 -1,114.07 -1,858.22 1,261.15
2015-09-30 -325.08 -922.81 1,199.16
2015-06-30 -2,381.78 -2,982.68 1,232.22
2015-03-31 -1,073.44 -1,757.33 1,261.75
2014-12-31 -1,305.12 -1,938.35 1,281.86
2014-09-30 -1,266.41 -2,335.70 1,429.89
2014-06-30 471.28 -1,055.31 1,487.31
2014-03-31 72.50 -1,328.76 1,504.45
2013-12-31 -67.60 2,532.18 1,420.52
2013-09-30 33.60 3,348.88 1,314.83
2013-06-30 -228.09 3,352.49 1,127.80
2013-03-31 -372.48 3,059.21 938.70
2012-12-31 -511.87 -511.61 852.48
2012-09-30 -6,332.21 -6,069.01 772.54
2012-06-30 -6,331.98 -6,150.05 749.17

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Piraeus Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Piraeus Bank used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Piraeus Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Piraeus Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Piraeus Bank has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Piraeus Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Piraeus Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Piraeus Bank Company Filings, last reported 4 months ago.

OTCPK:BPIR.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 7,506.00 6,387.00 6,286.00
2018-09-30 7,400.51 5,631.54 4,186.48
2018-06-30 7,346.95 6,478.36 1,821.05
2018-03-31 7,842.03 9,664.02 2,087.97
2017-12-31 9,544.00 12,214.00 4,574.00
2017-09-30 9,723.68 14,869.82 3,064.79
2017-06-30 9,747.73 21,685.02 2,827.34
2017-03-31 9,799.13 24,180.73 2,366.63
2016-12-31 9,823.74 27,981.53 2,919.10
2016-09-30 9,964.16 29,863.81 3,019.41
2016-06-30 9,928.83 32,418.23 3,416.28
2016-03-31 9,947.20 34,431.47 3,079.33
2015-12-31 10,020.53 35,350.05 2,720.98
2015-09-30 6,723.69 37,653.07 2,793.18
2015-06-30 6,129.86 38,839.63 3,189.97
2015-03-31 7,237.58 32,381.33 3,002.75
2014-12-31 7,322.24 25,171.54 3,434.06
2014-09-30 7,768.88 21,621.60 2,781.38
2014-06-30 9,366.07 22,877.41 2,841.68
2014-03-31 8,319.63 24,584.70 2,645.22
2013-12-31 8,542.90 27,216.64 2,415.52
2013-09-30 9,222.42 26,849.06 2,813.48
2013-06-30 9,462.38 28,552.80 2,754.38
2013-03-31 1,300.73 29,350.73 2,855.59
2012-12-31 -2,324.31 33,944.09 3,310.36
2012-09-30 -2,390.36 34,836.45 2,909.58
2012-06-30 -2,269.71 28,042.39 2,634.70
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Piraeus Bank has an acceptable proportion of non-loan assets held.
  • Piraeus Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Piraeus Bank are broadly funded by customer deposits.
  • Piraeus Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Piraeus Bank has a low allowance for bad loans.
  • Piraeus Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Piraeus Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Piraeus Bank has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Piraeus Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Piraeus Bank dividends. Estimated to be 0% next year.
If you bought $2,000 of Piraeus Bank shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Piraeus Bank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Piraeus Bank's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:BPIR.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 473 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:BPIR.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 3.00
2020-12-31 0.00 6.00
2019-12-31 0.00 7.00
OTCPK:BPIR.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2009-10-30 0.000 0.000
2009-08-26 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Piraeus Bank has not reported any payouts.
  • Unable to verify if Piraeus Bank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Piraeus Bank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Piraeus Bank has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Piraeus Bank's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Piraeus Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Piraeus Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Piraeus Bank has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Piraeus Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chris Megalou
AGE 59
TENURE AS CEO 2.2 years
CEO Bio

Christos I. Megalou is a senior international banker with over 30 years of experience in management, banking and finance, investment banking, mergers and acquisitions and capital markets. Mr. Megalou is currently the Founder and Managing Director of Tite Capital Limited, a private financial consultancy company based in London. He is also an Associate of Eilon Associates, an independent corporate finance advisory firm. Since 2016, he has been a Distinguished Fellow of the Global Federation of Competitiveness Councils in Washington, D.C. From 2013 to 2015, Mr. Megalou was Chief Executive Officer and Chairman of the Executive Board of Eurobank Ergasias SA, one of the four Systemic banks in Greece. From 2010 to 2013, Mr. Megalou served as Chairman of the Hellenic Bankers Association in the United Kingdom. From 1997 to 2013, he was Vice-Chairman of Southern Europe, Co-head of Investment Banking for Southern Europe and Managing Director in the Investment Banking Division of Credit Suisse in London. From 1991 to 1997, he was a Director at Barclays de Zoete Wedd. He is a member of the Board of Directors of Safe Bulkers Inc., a New York Stock Exchange listed externally-managed provider of marine drybulk transportation services, transporting bulk cargoes along worldwide shipping routes. He received a Bachelor of Science in Economics from the University of Athens and holds a Master of Business Administration in Finance from Aston University in Birmingham, United Kingdom.

CEO Compensation
  • Insufficient data for Chris to compare compensation growth.
  • Insufficient data for Chris to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Piraeus Bank management team in years:

2.8
Average Tenure
  • The tenure for the Piraeus Bank management team is about average.
Management Team

Chris Megalou

TITLE
MD & Executive Director
AGE
59
TENURE
2.2 yrs

Konstantinos Paschalis

TITLE
GM & Group CFO
TENURE
2.8 yrs

Dimitris Mavrogiannis

TITLE
Executive GM & Group COO
TENURE
0.3 yrs

George Liakopoulos

TITLE
General Director of Corporate Governance & Administration and Group General Counsel
AGE
59

Chryssanthi Berbati

TITLE
IR Director

Alexandros Manos

TITLE
Chief Transformation Officer & Advisor to Management

George Poulopoulos

TITLE
Deputy MD & Executive Director
TENURE
2.9 yrs

Kotsakou Panagiota

TITLE
Head of Group Risk Management

Panagiotis Tsoukatos

TITLE
Head of Internal Audit Division
TENURE
2.8 yrs

George Marinopoulos

TITLE
Deputy Chief Financial Officer
Board of Directors Tenure

Average tenure and age of the Piraeus Bank board of directors in years:

2.5
Average Tenure
65
Average Age
  • The average tenure for the Piraeus Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

George Handjinicolaou

TITLE
Chairman of the Board
AGE
65
TENURE
2.5 yrs

Chris Megalou

TITLE
MD & Executive Director
AGE
59
TENURE
2.2 yrs

Karel De Boeck

TITLE
Vice Chairman
AGE
69
TENURE
2.3 yrs

Michalis Sallas

TITLE
Chairman Emeritus
AGE
68
TENURE
2.8 yrs

George Georgakopoulos

TITLE
Executive Director & Executive GM of Piraeus Legacy Unit
AGE
49
TENURE
1.4 yrs

David Hexter

TITLE
Independent Non-Executive Member
AGE
69
TENURE
3.3 yrs

Arne Berggren

TITLE
Independent Non-Executive Member
AGE
60
TENURE
2.9 yrs

Alex Blades

TITLE
Non-Executive Director
AGE
48
TENURE
3.3 yrs

Solomon Berahas

TITLE
Non-Executive Director
AGE
65
TENURE
2.5 yrs

Enrico Tommaso Cucchiani

TITLE
Independent Non-Executive Member
AGE
68
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Piraeus Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Piraeus Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Piraeus Bank S.A. provides banking products and services in Greece and internationally. The company operates through Retail Banking, Corporate Banking, Piraeus Financial Markets, and Other segments. It offers time, structured, saving, current, and business accounts; mortgage, consumer, personal, home improvement, farming, restructuring, working capital, project, and real estate loans; overdrafts; and credit, debit, and prepaid cards. The company also provides mutual funds, treasury bonds, equities, exchange traded funds, dual currency deposits, treasury interest-bearing notes, asset management solutions, and gold sovereigns and gold bars; and car, home, civil liability, health, endowment, accident/life, lifestyle, agricultural, business premise, civil liability, photovoltaic park, trade credit, and corporate insurance products. In addition, it offers financial planning, payment/remittance, bills of exchange collection, cash management, import-export settlement, payroll, foreign exchange, risk management, issue of letters of guarantee, factoring, leasing, and Web banking services. Further, the company manages industrial and city link areas; and collects commercial debts, as well as offers venture capital fund and yachting management services. Additionally, it provides shopping center’s management, hotel training and seminars consulting, vehicle trading, insurance brokerage, financial and consulting, and payroll and labor affairs counseling services, as well as generates renewable energy. The company operates food and entertainment halls; and provides stock exchange, property development/holding and management, logistic, real estate sale and purchase, debt securities issuance, telecommunication and IT, travel rental, wind energy park exploitation, real estate development and investment consultancy, and investment advice services. As of December 31, 2018, the company operated 553 branches. Piraeus Bank S.A. was founded in 1916 and is headquartered in Athens, Greece.

Details
Name: Piraeus Bank S.A.
BPIR.F
Exchange: OTCPK
Founded: 1916
€706,051,343
436,291,037
Website: http://www.piraeusbank.gr
Address: Piraeus Bank S.A.
4, Amerikis Street,
Athens,
105 64,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE TPEIR Ordinary Registered Shares The Athens Stock Exchange GR EUR 26. Jul 1993
OTCPK BPIR.F Ordinary Registered Shares Pink Sheets LLC US USD 26. Jul 1993
DB BKP6 Ordinary Registered Shares Deutsche Boerse AG DE EUR 26. Jul 1993
LSE 0RTY Ordinary Registered Shares London Stock Exchange GB EUR 26. Jul 1993
OTCPK BPIR.Y SPON ADR EACH REP 2 ORD SHS (POST SPLT) Pink Sheets LLC US USD 22. Oct 2008
ATSE TPEIR EUR6.00(POST CONSOLIDATION) The Athens Stock Exchange GR EUR 20. May 2019
ATSE TPEIR EUR0.30 The Athens Stock Exchange GR EUR 20. May 2019
DB BKPE SPON ADR EACH REP 2 ORD SHS (POST SPLT) Deutsche Boerse AG DE EUR 22. Oct 2008
LSE 0RTY EUR6.00(POST CONSOLIDATION) London Stock Exchange GB EUR 20. May 2019
Number of employees
Current staff
Staff numbers
12,616
Piraeus Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:11
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/04/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.