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Battle for retail puts Piraeus among top ten banks

Greek Piraeus Bank has become one of the top ten banks on the market in terms of assets, with 4.1% share of the market, while ING Bank slipped out of the top ten, reveals a ranking put forth by UniCredit. Piraeus thus follows the Austrians at Volksbank, who took the leap into top ten, straight to number eight a year ago, which they retain today.

Therefore, the results of an aggressive race for market share especially on the retail segment are starting to show, reads the daily Ziarul Financiar, considering the Dutch at ING maintained a conservative policy risk management-wise. According to UniCredit's ranking, the top ten includes four Austrian-controlled banks - BCR, Raiffeisen, UniCredit (Bank Austria Creditanstalt) and Volksbank and three Greek-held banks - Bancpost, Alpha Bank and Piraeus. Banca Transilvania holds its fourth rank, as one of the few Romanian-held banks, yet some analysts say time has come to focus on profitability rather than fight for a market share, which is ever more costly. Sursa: http://www.rompress.ro

Tags: banks piraeus ing bcr

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