Piraeus Bank, along with other major Greek banks, is phasing out cash withdrawals using bank cards at ATMs, moving instead to a mobile phone-based NFC system. Critics argue that this shift may disenfranchise vulnerable groups such as the elderly, disabled, and low-income individuals who may lack access to or proficiency with the required digital wallets.

Piraeus Bank is advancing its plan to acquire National Insurance to boost fee-based revenues, but the deal faces significant risk. Mounting regulatory hurdles, investor skepticism over the insurer’s financial health, and signs of regulatory passivity raise concerns about potential financial instability and inadequate oversight.

Piraeus Bank is accused of fostering an oppressive work environment with severe labor abuses, including job insecurity, employee bullying, understaffing, and unpaid overtime. These practices were raised during a parliamentary session led by SYRIZA-PS, highlighting systemic violations of labor rights.

Piraeus Bank has outlined a series of corporate responsibility initiatives aimed at promoting social cohesion, gender equality, and environmental sustainability. The bank highlights targeted programs to empower vulnerable groups, foster equal opportunities, and support culture and education, as well as noting its participation in the Bloomberg Gender-Equality Index for the second consecutive year and commitment to the UN Women’s Empowerment Principles.

Piraeus Bank CEO Anthimos Thomopoulos resigned amid reports of government pressure to step down, raising questions about political interference in the bank's leadership decisions.

Piraeus Bank reported a profit of 3.4 billion Euros attributed to acquiring the network of Cypriot banks in Greece. The deal — carried out in the context of interventions by international financial forces like the Troika — is portrayed as having sealed Cyprus’s financial fate by consolidating control and contributing to a system prone to regulatory capture, with negative implications for economic autonomy.