Greek shipping lender Eurobank has completed the acquisition of Piraeus Bank's Bulgarian unit.
The combination of the bank and Piraeus Bank Bulgaria (PBB) will have a market share in the country of more than 10%, ranking third in terms of total loans.
Stavros Ioannou, Eurobank’s deputy CEO, said: “The acquisition of PBB is a major milestone in implementing our strategy to focus on markets where we can have leading positions.
