Piraeus Bank has teamed with Japanese financial institution ORIX Corporation to start offering ship finance to the Greek market.
“The partnership combines Piraeus Bank’s long-term relationships and knowledge of the Greek maritime sector with ORIX’s significant balance sheet capacity, to provide clients with a wider selection of financing instruments and additional financing where necessary,” Piraeus Bank stated in a release.
Piraeus Bank’s existing portfolio to the local shipping community is already in excess of $2.5bn, becoming one of the fastest growing Greek ship finance banks in recent years.
