PIRAEUS BANK A.E., Athen Zweigniederlassung Frankfurt am Main products, services and reviews

About PIRAEUS BANK A.E., Athen Zweigniederlassung Frankfurt am Main

PIRAEUS BANK A.E., Athen Zweigniederlassung Frankfurt am Main is the German branch of Piraeus Bank S.A., a Greek banking group operating in the euro area under the EU passporting regime. The branch’s activity in Germany is geared primarily to corporate and institutional business, with an emphasis on trade finance, guarantees and letters of credit, cash management, euro payments within SEPA, and treasury-related services, including foreign exchange and liquidity solutions; shipping-related financing may also be within scope given the group’s sector footprint. It operates as a relationship-driven unit rather than a mass-market retail outlet, and the availability of consumer products is limited; onboarding follows standard EU AML/KYC requirements and is typically tailored to cross-border business needs. Prudential supervision of the institution is carried out under the Single Supervisory Mechanism by the European Central Bank in coordination with the Bank of Greece, while conduct and branch-level oversight in Germany involve BaFin and the Deutsche Bundesbank. Deposits placed with the Frankfurt branch are protected by Greece’s statutory deposit guarantee scheme (Hellenic Deposit and Investment Guarantee Fund, TEKE) up to EUR 100,000 per depositor in line with EU Directive 2014/49/EU; the branch is not covered by Germany’s EdB or by the German private voluntary schemes. Pricing for services is case-specific and reflects the cross-border, corporate focus. As with any branch of a foreign bank, clients should review the governing law of contracts, applicable dispute resolution forums, and the parent bank’s current credit ratings and disclosures before entering into transactions.