Financial Services Industry

Regulatory reform, more stringent capital requirements, risk management considerations, a low interest rate environment and enhanced reporting requirements are all challenges to growth in the financial services industry.

Sophisticated strategies and solutions will be required for financial institutions to gain a competitive edge. We assist many of today's largest financial services organisations with their most challenging issues in every segment of the financial industry: consumer/retail banking, commercial banking, wholesale banking, mortgage banking, securitisation, capital markets, insurance, investment management, broker/dealer and real estate.

Emerging regulation and a lack of trust in the industry means banks remain under enormous scrutiny and pressure. Banking leaders are being challenged on their ability to generate sustainable returns for their investors while meeting full Basel III requirements. Sitting on too many NPLs, mainly related to real estate and the corporate sector, banks are turning away from volatile activities and are getting back to basics which is regaining public trust by providing straight forward products that businesses genuinely need. 

PwC professionals assist many of today's largest banks and securities firms with their most challenging issues in every segment of the financial industry.

Limited demand due to global macroeconomic uncertainty, combined with competitive pressures within the industry, particularly in the non-life sector, maintains pressure on the industry to cut operational costs and boost investment performance.  Regulation continues to change the business with insurance regulators in Europe to remain focussed on Solvency II implementation.  Insurers need to have truly joined up conversations from a framework of finance, risk and actuarial skill sets enabled through people, process, data and technology. Digitisation and shifting customer demographics continue to change the way the industry operates.

PwC's Insurance Industry Services practice is a leading provider of professional services to life and property and casualty insurers, reinsurers, and insurance brokers.

In today’s market, Private Equity (PE) firms face an evolving regulatory and tax landscape, a fluctuating global economy, greater competition and an increased demand for transparency. Firms need to re-evaluate their investment strategies, compliance functions and holding structures.

At PwC we have an established private equity practice with a proven track record. Our capabilities include fund structuring, through to deal origination, deal execution and post deal services.

We work with our private equity clients to help them to refinance and exit from their investments. Our taxation advice extends across the private equity deal continuum, from fund inception and ongoing compliance to tax due diligence, structuring and exit planning.

Real Estate in Greece witnessed persisting pressures on commercial values prices and rents of both commercial and residential properties.  Taxes levied on real estate property, together with liquidity shortage and contraction of household disposable income, resulted to a sound recession in the real estate market.  As regards the public real estate development program, expected to attract foreign funds and stimulate investment in the domestic real estate market continues at a slow pace and revenues remain low. 

Our real estate practice assists real estate investment advisers, real estate investment trusts, public and private real estate investors, corporations, and real estate management funds in developing real estate strategies; evaluating acquisitions and dispositions; and appraising and valuing real estate.

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Audit & Assurance

We are a unique cross border group within the global PwC Network that has a dedicated professional team in Greece serving the shipping industry and public companies.

We have deep SEC expertise and specialise in providing a broad range of services in connection with capital markets transaction

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Contact us

Andreas Riris

Partner, Assurance, PwC Greece

Tel: +30 210 6874646

Fredy Yatracou

Partner, Tax, PwC Greece

Tel: +30 210 6874017

Nikolaos Chostelidis

Partner, Advisory , PwC Greece

Tel: +30 210 811 4238

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