Piraeus Bank Group - Cost Breakdown (2004-2014)

Banking | Greece | October 12, 2015
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Excel Sheet
Piraeus Bank Group is a Greece-based financial group providing various banking products and services in the Southeastern Europe, Greece, Western Europe, and Egypt. In the last five years, the Bank has made cummulative losses of nearly EUR 6.7 bil. The Greek economic, political and financial crisis translated into a fall in banking revenues, a hefty decline in asset prices and a massive deterioration in the asset quality. In the last decade, staff cost increased from 47.5% in 2004 to over 50% of total operating cost in the last two years. The data presented in the chart could be downloaded in the Companies section at www.helgilibrary.com/companies/index/piraeus-bank-group