Get the latest delivered to your inbox
Privacy Policy

Now Reading

New Green development plan by Piraeus Bank

New Green development plan by Piraeus Bank

Published 05-07-10

Submitted by Piraeus Bank

The Ministry of Economy, Competitiveness & Shipping, the Ministry of Environment, Energy & Climate Change and Piraeus Bank, through its subsidiary ETVA VI.PE SA (a company owned 35% publicly and 65% by Piraeus Bank that manages 26 Industrial Areas in Greece), announced investments for environmental upgrading in the existing Industrial Areas and the creation of a new model of 'Green Business Parks'.

This green development plan is set to reach €1,5 bn in the upcoming four-year period with the participation of ETVA VI.PE SA and private sector enterprises supported by the National Strategic Reference Framework.

These green business initiatives will constitute a model for future development plans; will speed up investments in green technologies, placing Greece among the top countries in terms of percentage of GDP invested in the green economy.

The plan includes five action thrusts:

Α. Environmental upgrading of existing Industrial Areas (€ 70 mn.)

Î’. Energy investments in existing Industrial Areas (€ 350 mn.)

C. Recycling sorting plants and composting units in existing Industrial Areas (€ 80 mn.)
D. Creation of 3 new green Industrial Areas (Eco-Industrial Parks) (€ 440 mn.)

Ε. 10 Integrated "Environmental Business Parks" on islands (€ 560mn)

PIRAEUS BANK GROUP
4, Amerikis street, GR-10564 Athens, GREECE

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