Eurobank, Eurobank EFG or EFG Eurobank Ergasias is the third largest bank

Bank

A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

 in Greece

Greece

Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....

 with more than 300 branches throughout the country and leading market shares in high growth segments. It is part of Spiro Latsis

Spiro Latsis

Dr. Spiro J. Latsis is a Greek businessman with a fortune of US$9.1 billion . He ranked 51st on Forbes's 2006 World's Billionaires list. He is the son of the Greek shipping magnate, John Latsis, who died in 2003....

 group of companies. EFG Eurobank Ergasias is based in Athens

Athens

Athens , is the capital and largest city of Greece. Athens dominates the Attica region and is one of the world's oldest cities, as its recorded history spans around 3,400 years. Classical Athens was a powerful city-state...

, Greece

Greece

Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....

.

Eurobank is a member company of European Financial Group EFG (Luxembourg) SA ("EFG Group") and has about 24,500 employees

History

• In 1990 Establishment of "Euromerchant Bank SA" (Ευρωεπενδυτική Τράπεζα ΑΕ, literally euroinvestment bank)
• In 1994 Acquisition of 75% of EFG Private Bank (Luxembourg) S.A.
• 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% subsidiary 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 Serbia
• In 2006 Acquisition of 70% of Tekfenbank in Turkey, 99.3% of Universal Bank in Ukraine and 74.3% of DZI Bank in Bulgaria
• In 2007 foundation of EFGFP the financial products subsidiary(49.9% owned by employees).