Megalou: Piraeus Bank on track to achieve its strategic objectives

Piraeus Bank is astir to execute its strategic objectives and upgraded fiscal targets for the play 2025-2028, CEO Christos Megalou said speaking astatine the Bank’s bonzer wide meeting.

“Our strategy is to beryllium the starring fiscal services radical successful Greece, with consistent, semipermanent growth. The cardinal pillars of our strategy are the profitable maturation of lawsuit assets, sustainable returns astatine a level of 15% and the organisation of much than 2 cardinal euros to our shareholders cumulatively by 2028,” helium said.

Key points of Piraeus’ objectives include:

• Customer-centric attack with indebtedness enlargement of astir 8% per year and an summation of 1 cardinal successful the retail indebtedness portfolio implicit the 4-year play to 2028, an summation successful assets under absorption of astir 8% per year, arsenic well arsenic the motorboat of caller products
• Focus connected shareholders with sustainable profitability of 1.1 cardinal per year by 2027 and astir 1.3 cardinal successful 2028 arsenic well arsenic market-leading operational ratio and outgo subject with a stable cost-to-income ratio of astir 35% implicit the people of the concern plan
• Focus connected Piraeus’ radical with concern successful the radical of the aboriginal and performance-based remuneration
• Successful motorboat of the caller integer slope Snappi – an innovation platform, with ambitious goals successful Greece and abroad
• Focus connected technology, cybersecurity and Artificial Intelligence, with important investments successful superior expenditures.