EFG Eurobank-Ergasias

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EFG Eurobank Ergasias is the third largest bank in Greece with more than 300 branches throughout the country and leading market shares in high growth segments.

[edit] History

In 1990 Establishment of "Euromerchant Bank S.A."
In 1994 Acquisition of 75% of EFG Private Bank (Luxembourg) S.A.
In 1996 Acquisition of Interbank Greece S.A.
In 1997 Eurobank – Interbank merger. Acquisition of the branch network of Credit Lyonnais Grece S.A. "Euromerchant Bank" is renamed to "EFG Eurobank S.A.".
In 1998 Acquisition of 99.8% of Cretabank.
In 1999 EFG Eurobank – Bank of Athens merger through share exchange. IPO of EFG Eurobank shares. EFG Eurobank – Cretabank merger. Acquisition of 50.1% in Ergobank following a public offering
In 2000 EFG Eurobank – Ergobank merger. New entity is renamed to "EFG Eurobank Ergasias S.A.". Acquisition of a 19.25% participation in Banc Post S.A. Romania.
In 2002 EFG Eurobank Ergasias – Telesis Investment Bank merger. Acquisition of 50% in Alico / CEH Balkan Holdings leading to a 43% participation in Post Bank Bulgaria.
In 2003 Merger through absorption of "Ergoinvest S.A.". Merger by absorption of "Investment Development Fund S.A.". Establishment of Euroline Retail Services (Romania) - 80% Eurobank Cards and 19.961% Banc Post. Establishment of Eurocredit Retail Services (Cyprus) - 100% subisdiary of Eurobank Cards.
In 2004 Establishment of Euroline Retail Services AD (Serbia) - 100% subsidiary of Eurobank Cards
In 2006 Acquisition of 100% of Nacionalna štedionica – banka in Serbia
In 2006 Acquisition of 70% of Tekfenbank in Turkey