Get the latest delivered to your inbox
Privacy Policy

Now Reading

Piraeus Bank Releases Corporate Responsibility Report 2007

Piraeus Bank Releases Corporate Responsibility Report 2007

Published 08-05-08

Submitted by Piraeus Bank

- August 5, 2008 - A principal conviction of Piraeus Bank is that the development of its activities will be optimal if achieved in a socially robust environment. Aiming at operating in harmony with society, it attaches major importance to the issues of Corporate Responsibility.

Corporate Responsibility is the voluntary commitment of organizations to include in their business practices social and environmental actions that go beyond any legal obligations. Piraeus Bank not only complies with the obligations imposed by Law, but also takes initiatives for policies and activities over and above such obligations, which are related to all the Bank’s stakeholders (employees, customers, partners, suppliers, shareholders, consumers, civil society etc).

In this context, the Bank strives to raise its standards for social development, cultural heritage, environmental protection and respect for fundamental human and labour rights. Throughout 2007, Piraeus Bank continued to act voluntarily, according to the principles of the UN Global Compact, assuming the initiative to support and promote such principles within the scope of its activities.

The 2007 Piraeus Bank Annual Report is harmonized with the fundamental principles and guidelines of the Global Reporting Initiative-GRI (edition G3-2006). This particular reporting methodology aims at facilitating the evaluation of the Annual Report contents and the overall communication with all concerned parties.

Piraeus Bank logo

Piraeus Bank

Piraeus Bank

Piraeus Bank Group is one of the most dynamic and active financial organisations in Greece today. Founded in 1916, Piraeus Bank went through a period of state-ownership and management (1975-1991) before it was privatised in December 1991. Today, Piraeus Bank leads a group of companies covering all financial and banking activities in the Greek market (universal bank). Piraeus Bank possesses particular know-how in the areas of retail banking, small and medium-sized enterprises (SMEs), capital markets and investment banking, leasing and financing of the shipping sector. Piraeus Bank Group has a growing international presence, focused in Southeastern Europe and Eastern Mediterranean, but also in the financial centres of London and New York. Main strategic targets of Piraeus Bank Group are: further enhancing market shares in Greece and abroad wherever it operates, 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 asset management and bancassurance and, finally, strengthening profitability with a view of constantly increasing shareholder value.

More from Piraeus Bank

Join today and get the latest delivered to your inbox