Megalou plans a new era of growth at Piraeus Bank.

Piraeus Bank, Greece's largest bank, has experienced significant growth and a successful turnaround under CEO Christos Megalou. The bank recently achieved full private ownership after the Greek bailout fund sold its stake. Despite challenges such as non-performing loans and excessive branches, Piraeus Bank has implemented cost-cutting measures and improved governance. The bank expects to achieve a normalized return on average tangible book value of 12-14% over the next three years and plans to pay its first dividend since 2008. The bank's confidence has rebounded following EU approval for Greek state backing of non-performing loan securitizations. Piraeus plans to focus on wealth and asset management, digitalization, and attracting younger customers through a new app-based banking service called Snappi. [Extracted from the article]