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EFG or EFG Eurobank Ergasias ( ) is the
third largest bank in Greece with more
than 300 branches throughout the country and leading market shares
in high growth segments. It is part of Spiro Latsis group of companies. EFG Eurobank Ergasias
is based in Athens, Greece.
In 1990 Establishment of "Euromerchant Bank SA" (Ευρωεπενδυτική
Τράπεζα ΑΕ, literally euroinvestment bank)
In 1994 Acquisition of 75% of EFG Private Bank (Luxembourg)
In 1996 Acquisition of Interbank Greece S.A.
In 1997 Eurobank – Interbank merger. Acquisition of the branch
network of Credit Lyonnais Greece S.A. "Euromerchant Bank" is
renamed to "EFG Eurobank S.A.".
In 1998 Acquisition of 99.8% of Cretabank.
In 1999 EFG Eurobank – Bank of Athens merger through share
exchange. IPO of EFG Eurobank shares. EFG
Eurobank – Cretabank merger. Acquisition of 50.1% in Ergobank
following a public offering
In 2000 EFG Eurobank – Ergobank merger. New entity is renamed
to "EFG Eurobank Ergasias S.A.". Acquisition of a 19.25%
participation in Banc Post S.A. Romania.
In 2002 EFG Eurobank Ergasias – Telesis Investment Bank merger.
Acquisition of 50% in Alico / CEH Balkan Holdings leading to a 43%
participation in Post Bank Bulgaria.
In 2003 Merger through absorption of "Ergoinvest S.A.". Merger
by absorption of "Investment Development Fund S.A.". Establishment
of Euroline Retail Services (Romania) - 80% Eurobank Cards and
19.961% Banc Post. Establishment of Eurocredit Retail Services
(Cyprus) - 100% subisdiary of Eurobank Cards.
In 2004 Establishment of Euroline Retail Services AD (Serbia) -
100% subsidiary of Eurobank Cards
In 2006 Acquisition of 100% of Nacionalna štedionica – banka in
In 2006 Acquisition of 70% of Tekfenbank in Turkey, 99.3% of
Universal Bank in Ukraine and 74.3% of DZI Bank in Bulgaria