Other Activities
Bank of Piraeus reached agreement with the Avis group in 2007 to acquire 100% of Avis Rent-A-Car Hellas for 25.5 mln €. Brokers said that this purchase will create synergies for the group leasing subsidiary, Piraeus Leasing, by adding a car fleet valued at 200 mln € to its long-term leasing business.
The Piraeus Bank Group Cultural Foundation carries out culture-related activities of the bank, which are part of the corporate social responsibility. The historical archive is curated by the foundation. In 2012 the foundation won the European Europa-Nostra-Award.
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“When mundane, lowly activities are at stake, too much insight is detrimental—far-sightedness errs in immediate concerns.”
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