Attica Bank
 | |
| Attica Bank | |
Native name | Attica Bank Ανώνυμη Τραπεζική Εταιρεία |
| Athex: TATT | |
| Industry | Financial services |
| Founded | 5 February 1925[1] in Greece |
| Headquarters | , |
Number of locations | 78 branches |
Area served | Greece |
Key people | Konstantinos Herodotou (Chairman) Eleni Vrettou (CEO) |
| Owners | HCAP (36,2%) Thrivest Holdings (57,6%)[2] |
| Subsidiaries | Attica Bancassurance Agency S.A. |
| Website | www |
Attica Bank (formerly Attica Bank) is a Greek bank founded in 1924, with a presence of 78 branches in the country. It is headquartered in Athens and is listed on the Athens Stock Exchange.[3]
It is the fifth largest Greek bank and is active in financing mainly small and medium-sized enterprises and in the private market while at the same time, offering a range of deposit, investment and insurance products, mutual funds and stock exchange trading services to its customers.
In 1964, the Bank was acquired by the Emporiki Bank group of companies and was listed on the Stock Exchange. In June 1997, Emporiki Bank transferred part of its shares to the Public Works Engineers' Fund (TMEDE) and the Deposits and Loans Fund through the Stock Exchange, retaining approximately 17% of the Bank's shares until September 2002, which it then transferred to the Postal Savings Bank.
During the 2013-2018 period, the Bank issued a Convertible Bond Loan, as well as share capital increases, with the aim of consolidating its balance sheet and completing the restructuring of its operating model.
In December 2021, Attica Bank proceeded with a share capital increase of €240 million, which was completed with full coverage.
In April 2023, the share capital increase of €473.3 million was completed with full coverage, with the shareholding structure being as follows: Financial Stability Fund with a percentage of 72.5%, National Social Security Institution with a percentage of 7.6%, Pancretan Bank S.A. with a percentage of 5%, Thrivest Holding Ltd. with a percentage of 4.4%, the Public Works Engineers' Fund (TMEDE) with a percentage of 4% and other persons with a percentage of 6.5% of the total shares of the Bank.[4]
On September 6, 2024, the merger by absorption of the Pancretan Bank by the Bank of Attica is completed.[5]
Companies in the Group
[edit]Attica Bank Assurance Agency S.A.[6] Its mission is to undertake, directly or through other intermediaries (Insurance Consultants), insurance work on behalf of one or more insurance companies and to find suitable insurance products from the market for Attica Bank customers.
Sustainable and environmentally responsible banking
[edit]Attica Bank fully aligns its new strategy with the principles and objectives of sustainable banking, acquiring a clear environmental orientation with particular emphasis on:[7]
- in establishing environmental underwriting criteria in lending processes.
- in high rates of environmental lending to households and small businesses.
- in mobilizing customers through financial tools to improve environmental impacts.
- in developing environmental and ecological awareness projects not only in the Bank's loan portfolios but also in every aspect of its operation.
- in recording and monitoring the positive or negative environmental impacts of its operation.
- in creating the appropriate organization that will support the entire project.
References
[edit]- ^ "ATTICA VANK ANONYMH TRAPEZIKI ETAIREIA".
- ^ "Profile - athexgroup.gr".
- ^ Cite error: The named reference
Company profile on the Athens Stock Exchangewas invoked but never defined (see the help page). - ^ "Our principles and history". www.atticabank.gr. Retrieved 2022-10-27.
- ^ "Merger by absorption of the Bank by Attica Bank". Retrieved September 9, 2024.
- ^ "Attica Bank Assurance Agency S.A." www.atticabank.gr. Retrieved 2022-10-27.
- ^ "Sustainable and environmentally responsible banking". www.atticabank.gr. Retrieved 2022-10-27.
