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Attica Bank

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History - Profile

Attica Bank S.A. was established in 1925 and is a dynamic financial services company, boasting a network of 50 branches in the main cities of Greece.

Ιt offers a full range of banking and investment products and services as well as deposits, insurance products, mutual funds and brokerage services, for individuals, small & medium enterprises and large companies.
In 1964, Attica Bank was acquired by the Emporiki Bank Companies Group and was listed in the Athens Stock Exchange (ASE). In June 1997 Emporiki Bank transferred though the ASE part of its shares to the Engineers' and Public Contractors' Pension Fund (TSMEDE) and Deposit and Loans Fund (TPD), retaining the 17% of the Bank’s shares until September 2012, which was then transferred to PostBank.

In June 2013 Attica Bank successfully increased its share capital and issued a Convertible Bond Loan of a total €398.8 mln. The amount raised, came from capitals of the private sector, resulting in Attica Bank being the only Bank in the Athens Stock Exchange that could recapitalize itself without the participation of the Hellenic Financial Stability Fund. As a consequence of this increase, the participation percentage of TSMEDE-ETAA (Unified Insurance Fund for the Self-Employed) in the share capital of the Bank comes to 50.67%.

The Bank's shareholder structure changed on 1 January 2017, as in accordance with Law 4387/2016, TSMEDE / Ε.Τ.Α.Α was incorporated into EFKA (Unified Social Security Institution), which got 50.63% of the shares held by TSMEDE / ETAA. By decision 61662/3406 / 30-12-2016 of the Minister of Labor, Social Security and Solidarity, 5.625% of the Bank's ordinary shares were transferred to TMEDE (Civil Engineers and Public Contractors’ Fund).

In May 2018, Attica Bank concluded a new Share Capital Increase raising € 88.9 mln. As a consequence of this increase, the participation percentage of EFKA (Unified Insurance Fund for the Self-Employed) in the share capital of the Bank reached 66.89% and of TMEDE 11.77% respectively. On July 27th 2018, according to the decision of the Minister of Labor, Social Security and Solidarity (Government Gazette B’ 2280/15-06-2018), 95,606,341 common shares of Attica Bank S.A. were transferred from the portfolio of EFKA (Unified Social Security Institution) to the portfolio of TMEDE (Fund of Civil Engineers and Public Works Contractors) and on August 25th 2020, according to the decision of the Minister of Labor, Social Security and Solidarity (Government Gazette B’ 3399/05-09-2019), 63,758,540 common shares of Attica Bank S.A. were transferred from the portfolio of e-EFKA (Electronic Unified Social Security Institution) to the portfolio of TMEDE (Fund of Civil Engineers and Public Works Contractors).

On 19th October 2021 the conversion of warrants in favor of the Greek State to common shares was concluded, in the context of the activation of the provisions of art.27A of L.4172/2013 (DTC).
The Bank’s shareholding structure, as a result of the warrants’ conversion, is the following: Hellenic Financial Stability Fund (HFSF) holds 68.2%, of the Bank’s common ordinary shares, Civil Engineers and Public Works Contractors (TMEDE) holds 14.7% and Unified Social Security Institution (EFKA) holds 10.3% of the Bank’s common ordinary shares. Other shareholders hold the remaining 6.8% of the Bank’s share capital.

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