Type | Anonymi Etairia |
---|---|
Industry | Financial services |
Founded | 1929 | (as Agricultural Bank of Greece)
Defunct | 2012 |
Headquarters | Athens, Greece |
Products | Retail and business banking, insurance, fund management |
Revenue | €806.5 million (2010) [1] |
€438.0 million (2010) [1] | |
€395.3 million (2010) [1] | |
Total assets | €31.22 billion (end 2010) [1] |
Total equity | €749.4 million (end 2010) [1] |
Number of employees | 8,915 (end 2010) [1] |
Parent | Piraeus Bank |
Website | atebank.gr (archived) |
The Agricultural Bank of Greece was a commercial bank based in Athens, Greece. The bank was founded in 1929. The bank proclaimed that it would focus on the Balkan bank market, with the business activities of supporting of the agricultural sector. ATEbank held a strong position at Athens Stock Exchange and has become a member of Piraeus Bank in the year 2013.
The Bank's development of business activities called for a new name and corporate image as ATEbank.
1929 / Foundation. Agricultural Bank of Greece is founded as a non-profit organisation, provider of credit to the agricultural sector. The bank mainly aims at implementing programmes for financing both the activities of the primary sector of the economy and the processing and marketing of agricultural products, and enhancing rural development.
1950 Expansion of activities in the agricultural sector. Agricultural Bank founds a number of companies, which produce farming products and exploit resources all over the country.
1990 Expansion of activities in the non-agricultural sector. Agricultural Bank of Greece expands in the non-agricultural sector, by developing both a broad branch network all over Greece and a variety of new financial products and services.
1991 Transition to S.A. Agricultural Bank becomes S.A., broadens the spectrum of banking and financial services and acquires participating interests in specialised financial companies, thereby expanding the ABG group of companies.
2000 Entrance in the Athens Stock Exchange. Agricultural Bank increases its capital in order to enter Athens Stock Exchange, where its shares are listed since January 2001
2004 - 2006 Strengthening of the corporate image and positioning of the bank. The Bank by implementing a wide range of reforms and restructuring programs, and developing its branch network competitiveness and productivity, manages to achieve high growth rates which are depicted in the financial statements of both the Bank and the Group.
In particular:
An increase in the Bank’s share capital took place, amounting to €1.25 billion (June 2005). This capital increase allowed the Bank to deal with the problems encountered after adopting the International Accounting Standards (IAS) and has hence contributed to the substantial reorganization of the Bank’s financial statements. The Bank implemented the Panotokia Law, which benefited in total 63.220 debtors of whom 54.000 were farmers. Loans written off amounted to EUR 1.8 billion of which EUR 1.1 billion concerned debts of farmers. In November 2005, the share of the Bank became a constituent of the FTSE/Athex 20 Index. The Bank’s corporate identity was changed in association with the new logo “ΑΤΕbank” on the branches and ATMs. The Board of Directors distributed for the first time a dividend per share out of the profit for the year 2005. The Bank expands in the Balkans’ area by purchasing MINDΒank (July 2006) and getting permission for bancassurance operations in Romania.
In July 2010 the bank failed the Eurozone stress test which required 6% Tier 1 capital to be maintained after the test. An increase in the Bank’s share capital took place in July 2011, amounting to €1.3 billion.
The good parts of the bank were taken over by Piraeus Bank in 2012, but its branches continued to bear the ATEbank corporate image until the summer of 2013. [2]
As a part of strategy of expansion in Balkan in 2006 ATEbank acquired majority stake in Romania's Mind Bank.
On 11.09.2006 ATE Bank announced it had acquired 24.99 pct of common and 24.99 pct of preferential shares of Serbia's Aik Bank, Niš for an undisclosed amount. AIK Bank Nis is listed on the Belgrade Stock Exchange, it's the most profitable bank in Serbia and has a 3 pct market share.
The economy of Greece is the 53rd largest in the world, with a nominal gross domestic product (GDP) of $239.3 billion per annum. In terms of purchasing power parity, Greece is the world's 54th largest economy, at $418.113 billion per annum. As of 2021, Greece is the sixteenth-largest economy in the European Union. According to the International Monetary Fund's figures for 2023, Greece's GDP per capita is $22,595 at nominal value and $39,478 at purchasing power parity.
Alpha Bank is the fourth largest Greek bank by total assets. It has a subsidiary and branch in London, England and subsidiaries in Cyprus and Romania. Founded in 1879, it has been controlled by the Costopoulos family since its inception. Most recently, Ioannis Costopoulos, grandson of original founder John F. Costopoulos, and nephew of Stavros Costopoulos, foreign minister in the government of Georgios Papandreou, served in many important capacities before his death March 9, 2021."en".
Piraeus Bank is a Greek multinational financial services company with its headquarters in Athens, Greece. Piraeus Bank's shares have been listed on the Athens Stock Exchange (ATHEX) since January 1918.
Eurobank is a financial organisation that operates in Greece, Cyprus, Luxembourg, Serbia, Bulgaria and the UK. As of December 2018, the Eurobank Group counts, €58 billion in assets, 653 customer service locations in Greece and abroad, and 13,162 employees.
The Lahore Stock Exchange was a financial facility located in Lahore, Pakistan. It was incorporated as a company Limited by Guarantee under the Indian Companies Act 1913 on 5 October 1970. In the first General meeting of the Board of Directors held on the same day, it was decided that the Exchange will commence its working by December 1970. It was the third Exchange in the country after Karachi and Dacca. The 1st Registered office of Lahore Stock Exchange (G) Limited was located at 17-Bank Square, Lahore.
The main elements of Japan's financial system are much the same as those of other major industrialized nations: a commercial banking system, which accepts deposits, extends loans to businesses, and deals in foreign exchange; specialized government-owned financial institutions, which fund various sectors of the domestic economy; securities companies, which provide brokerage services, underwrite corporate and government securities, and deal in securities markets; capital markets, which offer the means to finance public and private debt and to sell residual corporate ownership; and money markets, which offer banks a source of liquidity and provide the Bank of Japan with a tool to implement monetary policy.
The IDBI Bank Limited is a development finance institution under the ownership of Life Insurance Corporation of India and Government of India. It was established in 1964 as Industrial Development Bank of India, a development finance institution, which provided financial services to industrial sector. In 2005, the institution was merged with its commercial division, IDBI Bank, forming the present-day banking entity and was categorised as "other development finance institution" category. Later in March 2019, Government of India asked Life Insurance Corporation to infuse capital in the bank due to high NPA and capital adequacy issues and also asked LIC to manage the bank to meet the regulatory norms. IDBI was put under Prompt corrective action of the RBI and on 10th March 2021 IDBI came out of the PCA. At present direct and indirect shareholding of Government of India in IDBI Bank is approximately 95%, which Government of India (GoI) vide its communication F.No. 8/2/2019-BO-II dated December 17, 2019, has clarified and directed all Central/State Government departments to consider IDBI Bank for allocation of Government Business. Many national institutes find their roots in IDBI like SIDBI, EXIM, National Stock Exchange of India, SEBI, National Securities Depository Limited.
The Bank of Cyprus (BoC) is a Cypriot financial services company established in 1899 with its headquarters in Strovolos.
Attica Bank S.A., formerly the Bank of Attica SA, is engaged in the Greek banking sector. It is the fifth largest Greek bank. Its headquarters are in Athens and its 47 branches are spread nationwide.
Proton Bank was a Greek bank that was established in 2001 and was taken over by the government in 2011. The bank offered private and corporate banking services.
Hellenic Bank Public Company Ltd is a bank in Cyprus.
Cyprus Popular Bank was the second-largest banking group in Cyprus behind the Bank of Cyprus until it was 'shuttered' in March 2013 and split into two parts. The 'good' Cypriot part was merged into the Bank of Cyprus and the 'bad' part or legacy entity holds all the overseas operations as well as uninsured deposits above 100,000 Euro, old shares and bonds. The uninsured depositors were subject to a bail-in and became the new shareholders of the legacy entity. As at May 2017, the legacy entity is one of the largest shareholders of Bank of Cyprus with 4.8% but does not hold a board seat. All the overseas operations, of the now defunct Cyprus Popular Bank, are also held by the legacy entity, until they are sold by the Special Administrator, at first Ms Andri Antoniadou, who ran the legacy entity for two years, from March 2013 until 3 March 2015. She tendered her resignation due to disagreements, with the Governor of the Central Bank of Cyprus and the Central Bank Board members, who amended the lawyers of the legacy entity, without consulting her. Veteran banker Chris Pavlou who is an expert in Treasury and risk management took over as Special Administrator of the legacy entity in April 2015 until December 2016. The legacy entity is pursuing legal action against former major shareholder Marfin Investment Group.
China's banking sector had ¥319.7 trillion RMB in assets at the end of 2020. The "big four/five" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, all of which are among the largest banks in the world As of 2018. The Bank of Communications is sometimes included. Other notable big and also the largest banks in the world are China Merchants Bank and Ping An Bank.
National Bank of the Republic of Uzbekistan for Foreign Economic Activity' Joint Stock Company, same as the National Bank of Uzbekistan (NBU) is universal commercial bank of Uzbekistan. It is the largest bank of Uzbekistan in the volume of assets combining the functions of project financing, universal commercial, investment and savings banks.
Erste Group Bank AG is an Austrian financial service provider in Central and Eastern Europe serving 15.7 million clients in over 2,700 branches in seven countries.
Postbank, legally known as Eurobank Bulgaria AD, is a universal bank in Bulgaria.
Belfius Bank and Insurance, known as Dexia Bank Belgium up until 1 March 2012, is a for-profit PLC founded to meet local authority needs. Belfius emerged from the dismantling of the Dexia group, of which it was part until 10 October 2011, when it was purchased by the Belgian State for 4 billion euros. The company's headquarters are in Brussels.
Citystate Savings Bank is a publicly listed thrift bank listed in the Philippine Stock Exchange. The bank was a partnership between a group of Filipino businessmen led by Ambassador Antonio Cabangon Chua and a Singaporean investment holding company. It was granted the thrift bank license by the Monetary Board of Bangko Sentral ng Pilipinas in 1997. City State offers banking services, such as deposit products and services, cash management, onsite/offsite ATM facilities, corporate and retail banking, and treasury services. The bank caters to the needs of corporate, middle market and retail clients. The bank operates a total of 24 branches nationwide and employs 276 employees at the end of 2009. As of December 27, 2010, Citystate has a total market capitalization of P2.03 billion and share price of P28.00.