Attica Bank Shareholder Information and Bank Details

Author

Reads 2.6K

BMW Headquarters Building in Munich at Dusk
Credit: pexels.com, BMW Headquarters Building in Munich at Dusk

Attica Bank is a significant financial institution in Greece, with a long history dating back to 1924. It has undergone significant changes and expansions over the years.

As of now, Attica Bank is part of the Eurobank Group, one of the largest banking groups in the region.

Attica Bank operates a network of branches and ATMs across Greece, offering a range of financial services to both individuals and businesses.

For more insights, see: Attica Bank E Banking

Financials

Attica Bank has a strong financial foundation, with a total asset value of €2.3 billion as of 2022. This significant value reflects the bank's stability and growth over the years.

The bank's total equity stands at €234 million, a substantial amount that demonstrates its ability to absorb potential losses. This robust equity base provides a solid foundation for the bank's operations.

As of 2022, Attica Bank's loans to customers have reached €1.8 billion, a notable increase from previous years. This growth in lending suggests the bank's commitment to supporting its customers' financial needs.

A contemporary city skyline featuring tall buildings and a prominent bank at dusk.
Credit: pexels.com, A contemporary city skyline featuring tall buildings and a prominent bank at dusk.

The bank's non-performing loans (NPLs) ratio has been steadily decreasing, from 10.5% in 2020 to 6.5% in 2022. This reduction indicates the bank's efforts to manage its risk exposure and improve its financial health.

Attica Bank's net interest income has been steadily increasing, from €43 million in 2020 to €53 million in 2022. This growth in net interest income reflects the bank's ability to generate revenue from its lending activities.

Governance

Attica Bank has a diverse Board of Directors, comprising 10 members.

The Chairman of the Board is Konstantinos G. Makedos, who holds the title of Chairman.

Eleni Vrettou is one of the younger members of the Board, at the age of 46.

Yiannis Zographakis is the oldest member of the Board, at the age of 62.

The Board members have varying levels of experience, with some having been part of the Board since 2022 and others joining more recently, such as Emil Yiannopoulos, who joined on 2022-03-23.

Here is a list of the Board of Directors:

Shareholder Information

Contemporary buildings with glass walls located on street in financial district on embankment near calm Thames river in modern city
Credit: pexels.com, Contemporary buildings with glass walls located on street in financial district on embankment near calm Thames river in modern city

Existing shareholders have pre-emptive rights to acquire new shares at a ratio of 677.42 new shares for every old share they hold.

The pre-emptive rights can be exercised between October 21 and November 4, 2024.

Attica Bank's share capital increase will offer up to 359,469,360 new common registered shares with voting rights.

Each new share has a nominal value of €0.05 and an offer price of €1.87.

The total proceeds of the share capital increase will amount to €672,207,703.20 if fully subscribed.

€654,234,235.20 will be credited to the Bank's equity as share premium if the capital increase is fully subscribed.

Up to 359,469,360 warrants will be issued to new shareholders, granting each warrant holder the right to acquire 3.5 new shares at a price of €0.05 per share.

The Bank's share capital will increase to €80,907,138.20, divided into a total of 1,618,142,764 shares, following full subscription and warrant exercise.

About the Bank

Attica Bank has been a trusted financial institution in Greece since its founding in 1970. It has a strong presence in the country with a network of branches and ATMs.

Historic Odeon of Herodes Atticus with cityscape of Athens, Greece. Iconic ancient theater.
Credit: pexels.com, Historic Odeon of Herodes Atticus with cityscape of Athens, Greece. Iconic ancient theater.

The bank's history dates back to 1970, when it was established with the aim of providing innovative financial solutions to individuals and businesses. Attica Bank has since grown to become one of the largest banks in Greece.

Attica Bank is committed to innovation and technology, offering a range of digital banking services to its customers. This includes online banking, mobile banking, and a mobile app that allows customers to manage their accounts on the go.

The bank's customer-centric approach has earned it a loyal customer base in Greece. Its commitment to providing excellent customer service has been a key factor in its success.

Attica Bank has a wide range of financial products and services, including personal banking, corporate banking, and investment services.

Frequently Asked Questions

What is the address of the Attica Bank SA?

The address of Attica Bank SA is 3-5, Palaion Patron Germanou Str. This is the location where you can find the bank's headquarters.

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.