For the Piraeus Bank Group to constitute a powerful regional financial organisation in South-Eastern Europe and in the Eastern Mediterranean by becoming a medium sector - businesses mainly but also individuals - bank per se, while remaining an employer of choice and providing high quality services to its customers.

 

Our Values
Our Value system, on which we have based the progress and development of Piraeus Bank and the Group, consists of the following:

• Focus on our Customers
• Creation of Value for our Shareholders
• Market Leader
• Investing in People and Society

Our philosophy
The Piraeus Bank Group's main objective is to help our people succeed and ensure that their commitment to the achievement of excellent results and the confrontation of any challenges in a fast changing environment.

In acknowledgement of the contribution of our people to its continuous development, the Piraeus Bank Group invests in its employees on a daily basis and strives for the improvement of the working environment which:

• Offers equal opportunities to all, regardless of gender, age, religion, nationality and physical aptitude
• Plans and implements actions, development and incentive systems, aiming to attract, select and further utilises its human resources, on the basis of its development needs in Greece and abroad
• Offers opportunities and incentives for professional development by "openly" communicating its human resources needs and covering these needs primarily through internal selection
• Invests in training and learning and the development of its people, by taking advantage of modern training methods and specialized tools
• Offers competitive remuneration and compensation
• Communicates "openly" by using, apart from daily contact, a variety of channels and means of information and bilateral communication
• Provides support and active management plans for the health and the well-being of all employees
• Provides a safe working environment
• Respects people by adopting the principles of the UN Global Compact and promoting its basic principles as regards human rights, the right to work, the protection of the environment and the fight against corruption.

The above rights govern human resources policies and management practices. In this way, it is assured that there is no space for discrimination, while individual differences are acknowledged and promoted.

Piraeus Bank's commitment to safeguarding human rights
Having fully embraced the principles of the UN Global Compact on the protection of human rights and applying the principle of equal opportunities to all its actions, Piraeus Bank Group opposes any discrimination, unequal treatment or violation of human rights.

Αll policies, procedures and practices of human resources are regulated through respect on human rights. It is thus ensured that there is no space for any kind of discrimination.

The Group Human Resources Division, with the full endorsement of the Senior Management, incorporated a Human Rights Policy and established a relevant employee complaint procedure in 2008, in order to systematize a specific framework for all employees in the Group. At the same time, it is our objective to contribute actively to the elimination of child and/or forced/ compulsory labour carefully monitoring and evaluating the entire range of suppliers and subcontractors.

Channels of communication for employees
Every opportunity to ensure open and bilateral communication between management and employees is utilized on a daily basis. Piraeus Bank seeks and systematically stays in touch sharing Vision and Group Values as the common denominator, while there is a common perception on the Group's business priorities and strategic growth objectives.

The Piraeus Bank Group provides multiple communication channels to its employees in an effort to ensure two-way communication at all levels. Within this framework, apart from direct and daily communication, various Internal Communication methods and tools are utilised:

• Intranet, an internal Internet communication channel
• Individualized and group electronic communication via e-mail
• "Winners", an internal newsletter that is distributed to all the Group's employees
• Corporate events
• Unit and Group meetings
• Training Programs
• Performance and Competencies Appraisal
• Internal Employee Support Programs
• Focus groups
• Employee Satisfaction surveys

Compensation and Benefits
The intention of the Piraeus Bank Group is to attract and keep the most capable employees. Compensation and benefits schemes provided to employees play a major role in achieving the above objective. The objective is to create competitive structures, as regards both to compensation and benefits, so as to ensure a high degree of coverage for the needs of employees.

Compensation and benefits schemes are assigned to employees depending on their job role, experience, abilities and their degree of responsibility.

Moreover, market developments are monitored continuously so as to maintain compensation and benefits at competitive levels, while the objective is to acknowledge and reward additional effort made by each employee. For this reason, additional, short-term or long-term, bonus schemes have been designed.

Social Policy
Aiming at improving the standard of living for all employees, Piraeus Bank ensures that it provides competitive compensation and benefits schemes.

Moreover, the Bank offers its employees a set of extra benefits such as:

• Free annual check up for all employees in cooperation with the Employees' Association
• Full coverage of the cost of a Group insurance scheme (hospitalisation, medical care, life insurance, accident insurance, permanent total disability insurance)
• Coverage of child care expenses
• Rewards to employees children studying at university in Greece and abroad
• Extra days of leave (motherhood and child hospitalisation)
• Monthly allowance for the transportation of blind and disabled employees
• One-off special benefit for large families
• Privileged price policy.