The Thrivest group will, after back-and-forth wavering over the recent period, apparently participate in a closely watched share capital increase by non-systemic Attica Bank, following a wide-ranging meeting by all interested parties on Tuesday at the Bank of Greece (BoG).
The development means that after a successful share capital increase ATHEX-listed Attica Bank will move towards a merger with smaller Pancreta Bank, controlled by Thrivest’s three major investors.
If the strategic plan pans out, a newly capitalized and merged Attica Bank will emerge as the fifth biggest credit institution in the country.
Banking sources in the Greek capital on Tuesday referred to an, in principle, mutual understanding over a “road map” for Attica Bank’s restructuring on the part of its major shareholders, namely, the new civil engineers’ fund (TMEDE) and Hellenic Financial Stability Fund (HFSF), on the one hand, and the looming major investor, Thrivest.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
PM Mitsotakis Discusses EU Defense, Security at North-South Summit
Hosted in Lapland, Finland, which shares a 1,300 km border with Russia, the summit brought together South and North European leaders to discuss security, defense, and migration
Surge in Investment and Soaring Housing Prices Across Greece
Greek housing prices have climbed sharply, recovering to 2011 levels and edging closer to their 2007 peak.
Greek Kiosks are Dying Out
The iconic Greek kiosk is dying out, and the empty shells remain to remind us of an urban everyday life that no longer exists.
Property Website: Athens-Area Residences Sold Within 6 Months, on Average
Data presented by the platform also shows higher prices in first 3 quarters of 2024
Bank of Greece Hails Economic Progress but Warns Stronger Growth Needed
Today's Bank of Greece Interim Report on Monetary Policy depicts a healthy economy, but warns that stronger growth is needed to fully overcome the economic crisis
Greek Christmas Dinner Costs Surges in 2024
The estimated cost for this year’s Christmas dinner (serving 6-8 people) ranges from 107.54 euros to 148.89 euros
Attica Bank to Eliminate Fees on More Banking Transactions
Attica Bank emphasized that these changes reflect its commitment to providing competitive and high-quality services
Cash Still Reigns in Greece Despite Surge in Electronic Payments
However, the ECB has expressed its opposition regarding legislative efforts by member states to restrict cash usage as a means of combating tax evasion.
Minister: Tourism Revenues in Greece to Hit €22 Billion in 2024
Sustainable development, investments, new offerings, upgraded training at the core of Greece's tourism strategy.
Greece: Double Salary Increase in Private Sector Coming Next Year
Starting from Jan. 1, 2025, social security contributions will be reduced by one percentage point with the aim of easing the burden on both employers and employees.
![Τουρισμός: Στα 2,2 δισ. τα τουριστικά έσοδα του Οκτωβρίου – Αύξηση 19,7% [πίνακες]](https://www.ot.gr/wp-content/uploads/2024/10/ot_tourismos_nisia-90x90.png)
