Megalou plans a new era of growth at Piraeus Bank

The Greek bailout fund’s exit from Piraeus Bank last month was the country’s biggest post-crisis privatization. The bank’s chief executive, Christos Megalou, tells Euromoney that this is more than a capital-return story. It’s also about growth: in the economy, in wealth and asset management, and, thanks to neobank Snappi, internationally.

When Piraeus Bank’s board offered Christos Megalou the chief executive’s role in 2017, his wife and children dreaded what would come of it. But when the dual British and Greek citizen met Euromoney in London in March – returning to a city where he lived for more than 15 years and where his two daughters now work – he clearly felt justified about his decision to take the job.

Greece’s bailout vehicle, the Hellenic Financial Stabilization Fund (HFSF), sold its entire 27% stake in Piraeus in a €1.35

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