trending Market Intelligence /marketintelligence/en/news-insights/trending/_ZajbhwBbXwejtEzvuDIwA2 content esgSubNav
In This List

Piraeus Bank to redeem final state-guaranteed Pillar II bonds

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


Piraeus Bank to redeem final state-guaranteed Pillar II bonds

Piraeus BankSA is set to redeem the last remaining securities guaranteed by theGreek government under the so-called Pillar II scheme, which was designed tomitigate the impact of the global financial crisis.

The Athens-based bank will redeem the notes on April 28.

Following the move, the bank will no longer be reliant onthe L.3723/2008 financial stability framework or subject to its stipulations,which have required a government representative to sit on its board for thelast seven years.