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Piraeus Financial Holdings (FRA:BKP) Altman Z-Score


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What is Piraeus Financial Holdings Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.


Piraeus Financial Holdings Business Description

Traded in Other Exchanges
Address
4 Amerikis Street, Athens, GRC, 105 64
Piraeus Financial Holdings SA is a universal banking group operating in Greece but with a presence in southeastern Europe and the eastern Mediterranean. Its banking unit specializes in small to midsize enterprise banking, agricultural banking, consumer and mortgage credit, green banking, investment banking, as well as leasing and factoring. The bank has an extensive distribution network, both traditional and alternative, the majority of notably its e-banking platform Winbank. A majority of the bank's net revenue is net interest income, overwhelmingly derived from loans and advances to customers.