Piraeus Bank to forge Asian ship finance partnership
Piraeus Bank, Greece’s largest lender by assets, is close to forming a strategic partnership with an unspecified major Asian Pacific financial conglomerate to boost its ship finance offering.
“This pioneering initiative forms part of Piraeus Bank’s continued commitment to the shipping community, through investment of international capital into existing opportunities and new financing to the shipping industry,” the bank said in a statement on Friday without elaborating on who the financial conglomerate is and what type of partnership the bank was looking to forge.
Piraeus Bank said its initiative aims to position the bank at the “forefront of servicing Greek shipping clients”. Many within Greek ship finance expect the bank to be in talks with a Chinese leasing company.