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Greek lender Piraeus Bank’s Ukraine operations only 0.2% of assets – Metro US

Greek lender Piraeus Bank’s Ukraine operations only 0.2% of assets

FILE PHOTO: A man cast his shadow on an ATM
FILE PHOTO: A man cast his shadow on an ATM machine of a Piraeus Bank branch in Athens

ATHENS (Reuters) – Piraeus Bank, one of Greece’s four largest lenders, said on Friday its operations in Ukraine comprise a financial institution, JSC Piraeus Bank ICB, and investments in real estate assets.

Together they represent 0.2% of Piraeus Bank’s total assets, it said, responding to a query from the securities watchdog in view of events in Ukraine.

(Reporting by George Georgiopoulos; Editing by Hugh Lawson)