New distinction for Piraeus Bank

Piraeus Bank was awarded a new quality distinction by the international financial institution J.P. Morgan, New York.

The international financial institution awarded Piraeus Bank, for 2008, the Quality Award 'J.P. Morgan Elite Quality Recognition Award' for quality and automation in payments in dollars (STP - Straight Through Processing), well beyond 99,7%. Based on J.P. Morgan representatives statement, the above amount constitutes one of the highest ever attained by a cooperating Bank.

For 2008, less than 1% of banks cooperating with J.P. Morgan in Working Capital operations responded to the quality criteria and was awarded such a distinction.

Piraeus Bank continuous distinctions awarding in the area of payments highlight and underscore the unfailing effort in high quality services provision, personnel ongoing training and systems improvement aimed at satisfying customers and demands thereof as well as the rigorous criteria of prestigious banks enjoying worldwide acclaim.

Piraeus Bank given distinctions by DEUTSCHE BANK

Deutsche Bank, one of the largest banks in the world and the one handling the clearance of the largest number of US dollar and Euro payments in the world, granted Piraeus Bank for the second consecutive year the "2008 US DOLLAR STP EXCELLENCE AWARD" for its payments in US dollars and, for the sixth consecutive year, the corresponding award for its payments in Euros.

Piraeus Bank has so far been the only bank in Greece to receive both of these awards.

At an age such as our own, where quality of information, a fast execution and the ability to immediately respond to an ever-changing environment are major elements for payments, these distinctions attest to the fact that Piraeus Bank staff are putting more and more effort into constantly adjusting to the new conditions, keeping with high international standards, aiming at providing excellent services to the Bank's customers.