The management of Attica Bank has made public the reports on the merger process with the acquisition of Pancreta Bank. In particular, it made public the report of the Board of Directors as well as the expert and accounting value assessment reports of PwC.

Specifically, in the Board of Directors' report on the merger with Pancretia as explained, based on the 18 July 2024 agreement between the HFSF and Thrivest Holding Ltd, the HFSF and Thrivest have agreed to undertake a capital strengthening of Attica Bank, following the merger and subject to its completion, in order to implement the bank's post-merger business plan and to cover the additional capital needs resulting from the inclusion of the non-performing loan portfolios of the two banks in the Hercules III state guarantee scheme.

The management of the Bank and Pancreta Bank have decided to proceed with the merger in accordance with the relevant provisions of the Company Law, Law 2515/1997, Law 4601/2019, and the Shareholders' Agreement as ratified by law, as applicable and in force, and announced their intention to proceed with the merger on July 24, 2024.

The bank's management reached the decision to proceed with the merger, having assessed, on the one hand, its strategic objectives and, on the other hand, the prospects of this merger, with the creation of a larger bank ready to support the needs of the market.