Sponsorships and Donations Policy

Last updated: 10.09.2026

This Sponsorships and Donations Policy of the Piraeus Bank Group Cultural Foundation (hereinafter referred to as the “Foundation”) defines the principles, the criteria and the procedures governing the assessment, the acceptance, the management and the utilisation of sponsorships and donations made to the Foundation. In particular:

1. Purpose. The purpose of this Policy is to guarantee that each sponsorship or donation that is accepted by the Foundation serves the Foundation’s statutory objectives, is delivered with transparency, integrity and accountability, without affecting the Foundation’s autonomy and decision-making process, in compliance with the applicable legal and regulatory framework, ensuring the proper and efficient use of available resources.
2. Scope. This Policy is applied to all sponsorships and donations, in money or in kind, offered to the Foundation by individuals or legal entities, foundations, organisations, businesses or other bodies in Greece and abroad.
3. Sponsor/Donor. All individuals or legal entities providing or intending to provide sponsorship or donation to the Foundation are considered sponsor or donor.
4. Special principles and provisions

The acceptance and management of sponsorships and donations shall be governed by the following principles:

5. All sponsorships and donations must comply with the applicable legal and regulatory framework, the Foundation’s Statute and Rules of Procedure.
6. The Foundation does not accept sponsorship or donation that may bring about (actual or potential) conflict of interest or discredit the Foundation’s integrity and credibility.
7. For the evaluation of a sponsorship or a donation, the Foundation will consider the reputation, the activity, the legal compliance and the public image of the prospective sponsor or donor, as well as the potential risk of negative impact on the Foundation’s reputation.
8. The collection, the processing, the retention and, where appropriate, the disclosure of personal information of sponsors, donors, their representatives and other individuals involved will be carried out according to the General Data Protection Regulation (EU) 2016/679, Law 4624/2019 and the applicable legal and regulatory framework. Further information regarding the processing of personal data is provided through the Foundation’s Privacy Policy on the Foundation’s website.
9. A sponsorship or donation may be accepted if evaluated as compatible with the Foundation’s mission and principles. The evaluation takes into account mainly the origin and legal compliance of the resources offered, the sponsor or donor’s identity and activity, as well as the contribution’s relevance to the Foundation’s statutory objectives and values.
10. Each sponsorship or donation requires the approval of the Foundation’s competent bodies, as provided for by the Rules of Procedure in force at the time.
11. Unless otherwise provided, each sponsorship or donation requires a written agreement describing, among other things, the subject matter and the value of the sponsorship or the donation, its duration, the obligations of the parties, the provisions regarding the protection of personal data, as well as the conditions for amending or terminating the agreement.
12. In-kind donations such as equipment, materials, works of art, services or other assets are evaluated in terms of their utilisation costs (including transportation and storage as well as other relevant expenses) and potential legal or tax liabilities.
13. All individuals involved in the process for the acceptance of a sponsorship or a donation (including review, approval, administration) must disclose any conflict of interest. In case of conflict of interest, they will abstain from the decision-making process in compliance with the Foundation’s applicable policies and procedures.
14. All monetary sponsorships and donations are recorded in the Foundation’s accounting system and managed according to the applicable financial procedures.
15. The Foundation may disclose information about the sponsorships and donations in accordance with the applicable legal and regulatory framework and the conditions of the relevant agreements. When a donor requests anonymity, the request shall be considered in compliance with applicable legislation and the Foundation’s internal procedures.
16. In case the Foundation intends to disclose the personal data of an individual sponsor or donor and the relevant disclosure is not based on other applicable legislation, it will request their separate, specific and free consent in advance. This consent, which can be withdrawn at any time, will not be the prerequisite for the evaluation or acceptance of the sponsorhip or donation.
17. The personal data collected in relation to sponsorhip or donation proposals that are not realised are retained for a period of up to twelve (12) months after the examination of the proposal or the last substantive communication. If the sponsorship or donation is realised, the personal data and the relevant documentation will be retained for as long as necessary in order to execute and document the transaction and further on for as long as required by the applicable tax, accounting or other legislation, or as necessary for the establishment, exercise or defense of legal claims.
18. This Policy is reviewed and amended, where necessary, periodically, to ensure compliance with the applicable legislation, the regulatory requirements, the best practices in corporate governance and ethics, and the Foundation’s needs and priorities.