Piraeus Bank Group's cost to income ratio reached 124% in the fourth quarter of 2015, up from 50.1% when compared to the previous quarter.
Historically, the bank’s costs reached an all time high of 124% of income in 4Q2015 and an all time low of -1,272% in 4Q2011.
When compared to total assets, bank's cost amounted to 3.47% in 4Q2015, up from 1.48% in the previous quarter.
Staff accounted for 37.0% of total operating expenditures in the fourth quarter of 2015. The bank operated a network of 989 branches and employed 20,719 persons in 4Q2015.