Closing of the Acquisition of GENIKI Bank by Piraeus Bank
Piraeus Bank announced on 14/12/2012 the finalization of the acquisition of the entire stake of Societe Generale (99.08%) in GENIKI Bank, having received all required approvals. Following closing adjustments, the investment by Societe Generale amounts to €460 mn versus the €444 mn announced on October 19, 2012.
With the addition of GENIKI Bank, Piraeus Bank Group acquires a fully capitalized and self-funded bank, thus further improving its financial and strategic position.
Read the article of Mr. P. Papapetrou, Director of GENIKI Bank Securities Services (GBSS) on the “Global Custody Handbook” annual edition of “Euromoney” leading international financial magazine. The article refers to the current developments and trends of the Greek Custody services’ market and focuses on GBSS’s history, strategy and business objectives for the future.
Honorary distinctions for GENIKI Bank Securities Services from the leading “Global Custodian Magazine”.
Perform your transactions free of charge from the common network of more than 2,000 ATMs of GENIKI Bank and Piraeus Bank!
Holders of GENIKI Cash 365 Maestro perform money withdrawals and balance enquiries free of charge.