Piraeus Bank Beograd

Native name	Pireus banka/ Пиреус банка
Formerly	Atlas Bank
Company type	Joint-stock company
Industry	Financial services
Founded	May 2005 (2005-05) (Last form) 8 August 1995; 28 years ago (1995-08-08) (Originally founded)[1]
Defunct	26 October 2018 (2018-10-26)
Fate	Merged into Direktna Banka
Successor	Direktna Banka
Headquarters	Belgrade , Serbia
Area served	Serbia
Key people	Neoclis Neocleous (CEO)
Products	Commercial banking, Investment banking
Revenue	€1.376 billion (2016)
Operating income	€428.65 million (2016)
Net income	€25.91 million (2016)
Total assets	€52.24 million (2016)
Total equity	€12.331 million (2016)
Number of employees	547[2]
Website	www.piraeusbank.rs

Piraeus Bank Beograd (full legal name: Piraeus Bank a.d. Beograd),^[3] was a Serbian bank that existed from May 2005 until October 2018 when it was acquired by Direktna Banka. It was majority owned by Greek Piraeus Bank. Its particular activities were in the areas of large corporate banking, retail banking and SMEs.

History

Piraeus Bank started its operations in the Serbian market with a network of 9 branches and 176 employees. Today, the Bank has a business network of 34 branches,^[4] approximately 550 employees, it has developed sector of Piraeus Leasing and Piraeus Rent, and tens of thousands of clients.

In November 2017, Direktna Banka bought Piraeus Bank Beograd from the Greek Piraeus Bank, for a sum in the range of 58–61 million euros.^[5][6] The complete merge is expected to be completed by the first quarter of 2018,^[7] and thus way Direktna Banka would have a total equity worth over 500 million euros.^[5]