ATEbank
From Wikipedia, the free encyclopedia
| ATEbank | |
| Type | Public |
|---|---|
| Founded | 1929 |
| Headquarters | Athene, Greece |
| Key people | D. Miliakos, Chairman V. Drougas, Vice Chairman |
| Industry | Finance |
| Products | Financial Services |
| Website | [1] |
The Agricultural Bank of Greece is a commercial bank based in Athene, Greece. The bank was founded in 1929. The bank proclaimed that it would focus on the Balkan bank market, with the business activities of supporting of the agricultural sector. ATEbank held a strong position at Athens Stock Exchange. The Bank's development of business activities called for a new name and corporate image as ATEbank.
Contents |
[edit] The ATEbank Balkan expansion
[edit] Romania
As a part of strategy of expansion in Balkan in 2006 ATEbank acquired majority state in Romania's Mind Bank.
[edit] Serbia
On 11.09.2006. ATE Bank announce, it has acquired 24.99 pct of common and 24.99 pct of preferential shares of Serbia's Aik Bank, Nis for an undisclosed amount. AIK Bank Nis is listed on the Belgrade Stock Exchange, it's the most profitable bank and has a 3 pct market share. The transaction need approvals from the central banks of Greece and Serbia, which is expected by the end of this month.
