September 23, 2018

Piraeus took over the sound assets of ATEbank

Piraeus bank took over, by absorption, the sound assets of ATEbank, controlled by the Hellenic state, including ATEbank Romania branch. This transaction was part of the financial consolidation and restructuring process of the banking system in Greece. Piraeus Bank, the fourth large credit institution in Greece, is also active in Romania. Starting Monday, July 30, the entire branch network of ATEbank operates within the entity Piraeus Bank but it preserves its commercial brand “ATEbank”. All the clients’ transactions continue to be conducted as they were until now, without any change, based on a press release from the Hellenic group Piraeus Bank.

Source: Nine o’clock (read more)

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