Piraeus Bank S.A. announces the acquisition of the “good” part of Panellinia Bank S.A., following a tender offer launched by the Bank of Greece. This was stated by the press-office of Piraeus Bank S.A. on April 17th, 2015.
Starting from 17 April 2015, Panellinia’s branch network will operate under the full responsibility of Piraeus Bank and Panellinia's customer transactions will be carried out uninterruptedly. The same applies for the services offered by Panellinia to co-operative banks. Piraeus’ Bank proposal guarantees all job positions of Panellinia’s employees.
The “good” assets and liabilities of Panellinia absorbed by Piraeus Bank refer to the acquisition perimeter identified by the BoG and comprise (based on 31 December 2014 data):
Piraeus Bank has a long-standing track record of smooth banking integrations and has successfully executed over 20 acquisitions and mergers in the past 20 years, which warrants a successful absorption of the “good” part of Panellinia Bank into Piraeus Bank.
The acquisition of Panellinia Bank represents another key step towards the reshaping of the Greek banking sector, in which Piraeus has acted as a core pillar, safeguarding financial stability in Greece.
On July 21st, 2022, the National Bank of Ukraine introduced changes on the transactions and operations carried out abroad (outside of the territory of Ukraine) on Hryvnia (UAH) cards and accounts. Those new limitations are only related to operations, carried out abroad from UAH cards and accounts, whilst foreign currency cards and accounts have not been impacted from those restrictions. In detail:
UAH12.500 equivalent in foreign currency per 7 days from the first time of withdrawal. The limit is not calculated cumulatively.
UAH80.000 equivalent per calendar month for transactions at POS terminals (physical presence of card or NFC technology on phone), purchases on the internet secured by full 3DSecure* and recurring payments**.
UAH20.000 equivalent per calendar month for the rest type of online transactions.