Emporiki Bank
| Emporiki Bank | |
|---|---|
|
|
| Seat |
Athens Greece
|
| legal form |
Anonimi etairia Aktiengesellschaft (Greece) |
| founding | 1907 |
| Website | www.emporiki.gr |
| management | |
| Board | Alain A. Strub (CEO) |
| Supervisory board | Ebeoglou Nikolaos (Chairman) |
The Emporiki Bank ( Greek Εμπορική Τράπεζα της Ελλάδας ) was one of the largest Greek banks. It existed from 1907 until the takeover by Alpha Bank , and since June 28, 2013 it has only been used as a brand name.
history
- In 1907 the Commercial Bank of Greece (CBG) was founded.
- 1922 The Commercial Bank of the Near East (CBNE) opened in London, with CBG as the main shareholder.
- 1925 CBNE opened in Alexandria and Cairo .
- 1959 CBG becomes the main shareholder of Piraeus Bank , which was founded in 1916.
- 1965 CBG opens the Greek commercial bank in Frankfurt am Main . This will later be renamed Commercial Bank of Greece (Germany) .
- 1990 CBNE is renamed Commercial Bank, London .
After the opening of the Iron Curtain, Emporiki Bank invested in Southeastern Europe and opened subsidiaries in Albania, Bulgaria and Romania. The subsidiary in Frankfurt with only one office was closed in 2005. In 2011, Emporiki Bank was taken over by the major French bank Crédit Agricole , which acquired 95% of the shares. On October 27, 2011, Emporiki Bank was delisted on the Athens Stock Exchange .
All branches of Emporiki Bank in Albania, Bulgaria and Romania were transferred to the parent company Crédit Agricole a year later.
Without the companies in the growth markets, limited to the Greek and Cypriot markets, the Emporiki Bank fell into crisis . The bank with 376 branches at the end of the day had accumulated a loss of 5.7 billion euros. The Crédit Agricole sold Emporiki Bank to Alpha Bank for a symbolic price of one euro .
See also
Web links
Individual evidence
- ↑ Emporiki Bank: The Hellenic Capital Market Commission, delisted from ATHEX the shares of the company “Emporiki Bank of Greece SA” ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. , October 27, 2011
- ↑ Integration of Emporiki Bank Bulgaria to Crédit Agricole Group ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. ; [1]
- ↑ Spiegel online from October 17, 2012: "Credit Agricole sells Greek subsidiary for one euro>
