Aug. 20 /CSRwire/ - Piraeus Bank was recently ranked first among the Banks in Greece according to the Accountability Ratings and was the only bank to be awarded by the CR Index for its corporate responsibility performance.

The Accountability Rating is a tool for measuring the extent to which companies have built responsible practices into the way they do business and their impact on the economies, societies and environments in which they operate. The Rating has been developed by csrnetwork and the international think-tank AccountAbility.

The CR Index is a benchmarking tool that measures and compares responsible business. Business in the Community, a UK based organisation, has launched the CR Index to challenge and support companies in managing, integrating and communicating their positive impact on society. The index was applied in Greece for the first time.

Mrs Sophia Staikou, Head of Piraeus Bank CSR division, and President of Piraeus Bank Group Cultural Foundation, stated on the occasion of the two distinctions: "Environmental and social concerns are in our DNA and therefore Corporate Social Responsibility is high on our agenda. We consider CSR a long term investment. CSR is not an ad hoc activity for us; we have developed and continuously strengthen procedures and mechanisms that incorporate CSR principles in our entire decision making processes".

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.

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