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. It is part of Spyros Latsis group of companies.

[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, 99.3% of Universal Bank in Ukraine and 74.3% of DZI Bank in Bulgaria