ATEbank

From Wikipedia, the free encyclopedia

ATEbank
Type Public
Founded 1929 as Agricultural Bank of Greece
Headquarters Athens, Greece
Key people D. Miliakos, Chairman
V. Drougas, Vice Chairman
Industry Finance
Products Financial Services
Website www.atebank.gr

The Agricultural Bank of Greece is a commercial bank based in Athens, 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 announced it had 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.


[edit] External links


v • d • e
Flag of Greece FTSE/Athex 20 companies of Greece