Tag: Attica Bank

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Alter Ego Media Makes its Debut on the Athens Stock Exchange

Alter Ego Media, Greece’s largest media group founded by Vangelis Marinakis, has officially debuted on the Athens Stock Exchange. The company’s IPO raised €57 million, far exceeding expectations with demand surpassing the offering by 11.9 times. The funds will support Alter Ego Media’s transformation into a leading Media Tech Group. On January 27, 2025, Marinakis rang in the opening of the stock exchange session, marking a significant milestone for both the company and Greece’s media landscape.

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Attica Bank Eliminates Additional Banking Charges for Customers and Businesses

Attica Bank has announced the removal of additional banking charges, effective January 14, 2025. The bank will zero out fees on all incoming transfers to Attica Bank and Pancretia Bank accounts for individuals, freelancers, and small businesses. Additionally, charges for incoming payments through the IRIS payments service will be waived until December 31, 2025, for self-employed individuals and sole proprietorships. This move aligns with the bank's focus on providing competitive and customer-oriented services.

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Attica Bank Shareholders Approve €735 Million Share Capital Increase

Attica Bank shareholders approved a €735 million share capital increase at an Extraordinary General Meeting. The plan includes €672.1 million from cash payments and €62.9 million from warrant exercises. A reverse stock split was also approved, consolidating 53 million shares into 530,000. The bank expects to complete the increase and start trading warrants by November.

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Greek Parliament Ratifies Attica Bank and Pancreta Bank Merger

Greek parliament ratified the merger of Attica Bank and Pancreta Bank on Thursday, with support from New Democracy and PASOK-Movement for Change. The bill, involving the Hellenic Financial Stability Fund and Thrivest Holding Ltd., faced opposition from other parties. Finance Minister Kostis Hatzidakis clarified that JP Morgan's market research was related only to Attica Bank.