The merger of Attica Bank with Pancreta Bank was formally completed today, creating the 5th largest bank in Greece by estimated assets.

As stated in an announcement, the completion of the merger, within demanding timeframes and with unprecedented speed—just a few weeks after the shareholders' agreement—marks a new era for the single bank and the country's financial system as a whole.

Following the Ministry of Development's decision and its publication in the General Register of Companies, the merger with the absorption of Pancreta was finalized with the approval of the relevant supervisory authorities, the Competition Commission and the Bank of Greece, as well as the General Meetings of Attica Bank and Pancreta Bank.

The aim of Attica Bank together with Pancreta Bank is to enhance competition by offering a real alternative to the financial system with new products and better pricing of services and commissions, where customers and their needs are at the heart of banking services.

The benefits of the merger for the customers of both Attica Bank and Pancreta are already a fact, as from tomorrow all customers of the now consolidated bank will be able to use both AtticaBank's and Pancreta's ATMs for their withdrawals without any charge, regardless of where they have kept their bank account so far. 

The bank's managing director, Ms. Eleni Vrettou, said, "We are opening a new page in the history of the two banks, a new chapter that we really want to become a benchmark for the financial system in Greece. We are all working for a new large, robust, and strong bank that will be a model in serving customers and financing their needs. The challenge is great, but we intend to meet it in full. With the full support of our shareholders and the tireless efforts of our people—outstanding teams from both banks who, with will and good cooperation, will make our shared vision a reality. "The new bank is a fact and serves as a reminder that people cultivate and develop banking loyalty for people."