Piraeus Leasing S.M.S.A. conducts all leasing activities of Piraeus Bank Group in Greece, occupying a leading position in the greek leasing market.

Supporting the company’s clients and generally the Piraeus Bank Group’s clients has been a main target of Piraeus Leasing. With the corporate transformation completed in 2022, the company has strengthened capital and organizationally and using modern digital means, is the leader in financing the professional needs of businesses, emphasizing the provision of personalized solutions. It adopts the ESG investment philosophy (Environmental, Social, Corporate Governance), proving in practice its responsibility towards the environment, society, corporate governance and sustainability in general.

At the same time the company is running a program of saving resources and improving productivity, which has as a result the constant reduction of its operational expenses. The company is expected to move towards the same direction in the coming years with central axes the support to its clients, the utilization of every capability of healthy development, the further control of expenses and the improvement of its operations.

 

 

Domestic Business Factoring

Domestic factoring concerns domestic transactions where the seller and the debtor can be companies (SA, Limited) or individuals involved in wholesale or retail, and is divided into:

• Factoring with resource: Financing, management and cash collection without the factor assuming any of the seller’s credit risk in case of non-payment on the side of the debtor.
• Factoring without recourse: Financing, management and cash collection with the factor assuming the seller’s credit risk in the case of non-payment on the side of the debtor.
• Invoice discounting: Financing and management of the receivables without the factor assuming any of the seller’s credit risk.

 

Piraeus Pre-Collections

PIRAEUS PRE-COLLECTIONS is a new product, designed for professionals in the health care industry and concerns immediate receivables collection of their receivables (at the time of their submission) from The Agency Insured Hospital Bills (OPAD) & Self-Employed Workers’ Insurance Organization (OAEE) in cash without lengthy processes; it is not a bank loan and has fixed low cost.

With PIRAEUS PRE-COLLECTIONS, Piraeus Factoring pre-pays OPAD&OAEE partners their receivables at 100% of their value, deducting charges covered by law, instantly available without installments or collateral.

Financing is immediate upon submission of the invoice and liquidity of professionals in the health care industry is unaffected by the payment period set by OPAD&OAEE.

 

 

International factoring

Το International factoring is targeted at companies with an export character and are divided into:

• Export Factoring:

Concerns export transactions and can only take place if the factor assumes the credit risk (without recourse). It operates on the "Two Factor System" - the cooperation between two factors, Piraeus Factoring on the one side and the corresponding factor which is based in the country of import on the other. The two sides usually are members of F.C.I (Factors Chain International) and are obliged to follow very strict rules. The importer-debtor’s guarantee is undertaken by Piraeus Factoring through the corresponding factor and guarantees the payment to the exporter-seller within 90 days from the maturity of debt (except in case of commercial dispute), even if the importer-debtor is unable to pay his debts.

• Import Factoring:

Concerns companies from abroad which export to Greece and require factoring from their country's factor. The factor guarantees the cash collection of the importer-seller in Greece. In such cases, the importer-seller must be of high-quality credit-standing since the factor undertakes total non-payment risk.

 

Piraeus Securities SA maintained its position in all the spectrum of brokerage services and specifically in trading of stock on international stock markets, bond trading, research and analysis and the derivatives markets.

The company’s key activities were the role of intermediary in the trading of Greek and international shares, Greek and international derivatives, state and corporate bonds, margin accounts while also processing stock market transactions performed through the Bank’s branch network. It also offers individual investors the opportunity to make their transactions, in the Greek and in international markets, speedily and safely by means of its fully updated e-transaction platform.

During its long-standing collaboration with foreign institutional investors, Piraeus Securities SA has responded to their demands successfully. As a result, most international organisations with presence in Greece have selected the company for their stock market activities.

In the derivatives sector, Piraeus Securities SA was the first Greek securities company and through its capacity of market maker and through the Sales unit, has continual presence in all derivatives products and, more specifically, in Stocks Futures and FX Put Options of shares and Indices.

The International Markets unit offers investment proposals covering the investors’ needs on an international scale.

The company’s main fields of activity are: the restoration, operation and management of the multi-purpose Citylink Complex, covering an area of 65,000 m2, located on the building block surrounded by Stadiou, Voukourestiou, Panepistimiou and Amerikis streets in the center of Athens until 2052.

The users of Citylink include the most reliable and well-know companies in the Greek and global market, thus adding prestige to the entire complex and the company.

The Citylink Complex houses:

• Piraeus Bank’s headquarters
• Attica Department Store
• the “Pallas”, “Aliki” and “Mikro Pallas” theatres
• the “Holmes Place Athens” Health Club Spa
• premium dining halls (Athenee, Clemente, Pasaji)
• some of the most celebrated international designers’ stores

Grouped as follows:

• Department store 24,517 m2
• Offices 13,442 m2
• Food and entertainment 14,237 m2
• Shops 3,098 m2

Trastor REIC is the first real estate investment company to be established in Greece, under law 2778/99 and it is listed on the Athens Stock Exchange (TRASTOR:GA).

The Company invests in quality real estate assets and through active asset management delivers attractive returns to its shareholders. Trastor REIC is managed by an experienced team of professionals with extensive experience in the Greek real estate market.

As of 31.12.2023 Trastor REIC owns a portfolio of 55 assets with over €468.7 million of gross asset value, comprised of 8 mixed-use assets, 20 office buildings, 1 parking station, 12 high street retail, 8 logistics centers, 1 shopping center, 2 gas stations, and 3 land plots. The total gross leasable area of the portfolio is 288.7 thous. sq.m. 

 

Piraeus Asset Management MFMC, a 100% Piraeus Bank subsidiary, is Piraeus Bank Group's main. Nowadays, it stands out as one of the most reliable and credible forces in the investment market and investment arm professional asset management in Greece.

Piraeus Asset Management MFMC operates, expands and develops based on the following key priorities:

• Portfolio management aiming at risk reduction
• Optimization of investment return
• Quality customer support with flexible procedures and targeted services

The company's main objective is to continuously develop its services in order to expand its investment activity and capital market services. A mission served with confidence, consistency and perspective. The range of its activities covers the whole spectrum of the market, offering mutual funds of all types and investment categories, as well as advanced and customized management services for individuals and specialized services for institutional clients.

Currently, Piraeus Asset Management MFMC manages:

• mutual funds based in Greece which meet the needs and profile of every investor
• mutual funds based in Luxembourg [PiraeusInvest] 
• tailor made portfolios for institutional and individual clients

Piraeus Asset Management MFMC is an excellent choice for institutional and individual investors as a reliable and trustworthy partner with a range of competitive advantages, such as:

• high level of expertise and valuable experience
• proven and established procedures and practices
• solid management and effective structure
• extensive knowledge of the greek and global capital market
• significant synergies with Piraeus Bank Group offering numerous advantages