A hostage situation at the port of Piraeus was concluded without incident on Monday after a botched bank robbery at the same branch.

A lone gunman surrendered to police in the early afternoon, while no injuries were reported amongst the hostages, the gunman or his two accomplices, who were arrested earlier.

According to reports, two out of three armed robbers were nabbed outside the bank. However, the third suspect, carrying a handgun and grenade, remained in the bank with four hostages.