Piraeus Bank has officially announced the acquisition of Ethniki Insurance from CVC Capital. Negotiations between the two parties have been successfully concluded. Τhe consideration for the transaction amounts to 600 million euros in cash, on a 100% basis.

 The deal increases earnings per share for Piraeus Bank by approximately 5% and the return on tangible equity by about one percentage point. The pro forma total capital position of Piraeus is estimated at around 18.5% for 2025, while it is expected to reach approximately 19.5% by 2027 and around 20% by 2028.