The Greek Deal.com
PANCRETA BANK
The merger with Pancreta Bank is completed
The merger of Attica Bank with Pancreta Bank was formally completed today, creating the 5th largest bank in Greece by estimated assets.
Main terms and timetable of the merger
In a statement, Attica Bank declares the commencement of its merger procedures with Pancreta Bank and provides an indicative timeline along with the basic terms.
Deal for the fifth banking pole is sealed
After Attica Bank and Pancreta Bank signed a legally binding agreement, the fifth banking pole was formed.
Net profit for first quarter at €2,55 million
The first quarter 2024 financial results for Pancreta Bank showed notable profitability, supporting the management's strategic decisions.
5th banking pillar with €10 billion in deposits
It is only a matter of time until the fifth banking pillar in the Greek market is established, as the heads of the two major project shareholders, Alexandros Exarchou of Thrivest and Ilias Xirouhakis of the Hellenic Financial Stability Fund, have met numerous times to work out the last, formal details.
Confirms shareholders' agreement in principle
Attica Bank attests that the shareholders have come to a basic understanding on a widely recognized agreement that encompasses the essential conditions of the planned merger with Pancreta Bank.
New subsidiary company offering factoring services commences operations in January
The countdown has begun for the operation of the subsidiary company of Pancreta bank, which will specialize in factoring, which is expected to commence its operation in January 2024