Bank merger creates fifth banking group in Greece
Greece’s Attica Bank and Pancreta Bank have completed their merger, giving rise to the country’s fifth-largest bank.
- Published in Economy
Greece’s Attica Bank and Pancreta Bank have completed their merger, giving rise to the country’s fifth-largest bank.
The new group is targeting an NPE ratio of c. 15% by end 2019 and single digit by 2021
On Friday night, Piraeus Bank announced its merger with Geniki Bank, which it already controls by 99.94%.