Seven months after announcing plans to team up with an unnamed Far Eastern financing house to provide loans to Greek shipowners, Piraeus Bank revealed on Friday Japan’s Orix Group as its partner.

An “exclusive strategic collaboration” has been concluded between the two firms, Piraeus said in a bourse filing today.

The announcement did not contain information on how much money will be lent other than to say that the cooperation “is expected to expand in both scope and sectors over time”.