The Bank of Greece and the European Central Bank successfully completed Aristotle Mystakidis' fit and proper procedure.

Following the green light from the relevant regulatory and supervisory authorities, the process is now underway, enabling a company of Mystakidis' interests to acquire a majority shareholding and control of Aegean Baltic Bank (ABBank).

The financial closing of the transaction between Mystakidis' company of interest and ABBank's existing shares is expected to take place by the end of the year or at the latest in early 2025.

According to the statement, Mr. Mystakidis expressed his confidence in the board of directors, management team and employees of ABBank.