See also: Interview with Gamal Moharam, Chairman & CEO of Piraeus Bank Egypt ...read more!

Mr Gamal Moharam Chairman & CEO

Piraeus Bank Egypt S.A.E 10, Talaat Harb St, Evergreen bldg, Cairo, 11511, Egypt Tel: (+202) 576 4644 - 577 8933 Fax:(+202) 579 9862 Web: www.piraeus.com.eg

About Piraeus Bank Group

Piraeus Bank Group is one of the most dynamic and active banks in Greece today, with total assets of over EUR 16.6 billion and 11% market share. It leads a group of companies covering all financial and banking activities in the Greek market and possesses a particular know-how in the areas of retail banking, small and medium-sized enterprises, capital markets and investment banking, leasing and financing of the shipping sector.

Egyptian Commercial Bank was integrated into the Piraeus Bank Group in June 2005 after latter has successfully acquired 88% of its share capital and has increased its capital to L.E 500 Million. It started operating with the new name Piraeus Bank – Egypt in January 2006.

By entering the promising Egyptian market, Piraeus Bank Group implements its expansion strategy in markets witch present significant growth potential and enhances its international operations in the south – East Mediterranean basin.

Piraeus Bank Group has a growing international presence, mainly focused in South-eastern Europe, but also in the financial centers of London and New York. In particular, the Group is present in the following markets:

• USA – through Marathon Bank, based in New York with 11 branches.
• London - Piraeus Bank branch
• Albania - through Tirana Bank with 28 branches
• Romania- through Piraeus Bank Romania with 23 branches
• Bulgaria- with 64 branches of Piraeus Bank and units of Eurobank
• Serbia- with 21 branches of Atlas Bank
• Egypt- most recent market, with 24 branches of Egyptian Commercial Bank.

The main strategic targets of Piraeus Bank Group are enhancing market share, improving service quality and customer satisfaction, creating innovative products, further enhancing the Group’s position in retail banking and small and medium-sized enterprises financing, strengthening the Group in the areas of assets management and bancassurance and, finally, strengthening profitability with the view of constantly increasing shareholder value.

The Group’s fundamental policy direction for human resources development is based on the efficiency of skilful and dedicated personnel able to function within the framework of the competitive EU banking market. At the end of december 2005, the Group employed 8151 people.

At the end of December 2005, Piraeus Bank Group had a network of 449 branches (273 in Greece and 176 aboard) and its equity capital amounted to €1,608 mn. The client’s deposits, repose and retail bonds issued amounted to €13,635 mn, loans reached €15,884 mn and total assets were €23,545 mn.