Port of Piraeus run by "Piraeus Container Terminal PCT S.A.", a subsidiary of COSCO. In 2013, PCT finished the construction of Terminal 3 with a capacity of roughly 2.7 million TEU. The total port capacity is 6.7 m TEUs. COSCO's involvement was accompanied by protest. According to trade unionists of PPA, the arrival of COSCO led to reductions in salary and social benefits, exclusion of union members and increased pressures on time and performance. According to an interview in 2012 with Harilaos N. Psaraftis, a professor of maritime transport in Athens, in some cases the salaries of workers were $181,000 a year with
Piraeus Bank (today Piraeus Bank Beograd with 42 branches), and the Egyptian Commercial Bank (today Piraeus Bank Egypt with 43). In 2007 PB purchased the Cyprus arm of Arab Bank and renamed it Piraeus Bank (Cyprus). On 13 September 2007 Piraeus Bank completed its acquisition of 99.6% of the share capital of "International Commercial Bank" in Ukraine, today named Piraeus ICB. In June 2012 PB signed an agreement with Investors Bancorp Inc, to transfer PB's shareholding in Marathon Banking Corporation in New York City, to Investors Bancorp. PB used the money it received for Marathon to finance the take over of the