The Athens Stock Exchange today welcomed the management, executives, and partners of Attica Bank S.A. to mark the successful completion of its capital increase. The bank’s CEO, Ms. Eleni Vrettou, officially opened the session by ringing the traditional bell.

In his speech, the CEO of the Athens Exchange Group, Mr. Yianos Kontopoulos, highlighted the successful completion of Attica Bank's capital increase and noted that this year marks 60 years since the bank's listing. He emphasized: "The recent merger between Attica Bank and Piraeus Bank has created the fifth-largest bank in Greece, signaling a new era for the unified bank and the country's financial system as a whole. This merger and the successful completion of the capital increase mark the culmination of coordinated and substantial efforts over the last two years to transform Attica Bank into a healthy and competitive institution that will serve as the fifth banking pillar of the domestic financial system."

On her part, Ms. Eleni Vrettou, CEO of Attica Bank, commented: "The successful capital increase of €735 million marks the beginning of a new chapter for the bank following its merger with Piraeus Bank. This capital increase signifies two milestones: firstly, the full recapitalization of the bank, aimed at ensuring its full recovery with a Non-Performing Loan (NPL) ratio below 3%, along with sufficient capital for growth. Moreover, today marks the privatization of the bank. Achieving these goals would not have been possible without the unwavering trust from our key investors, Thrivest Holding and the Hellenic Financial Stability Fund, as well as the support we received from both old and new shareholders. With a sense of responsibility and vision, we remain committed to building a large, healthy, and effective banking institution that will deliver value to shareholders, clients, and employees."

Lastly, the Chair of the Hellenic Capital Markets Commission, Ms. Vasiliki Lazarakou, stated: "The recapitalization and capital strengthening of Attica Bank is a significant development for the Greek capital market as it marks a new chapter for our banking system, leaving behind the issues caused by the decade-long crisis. Furthermore, with a new management team, a new shareholder structure, and adequate capitalization, Attica Bank is now ready to contribute to the country's economic development, provide financial support to businesses, and stimulate competition in the banking sector. With these expectations, I welcome the commencement of trading in Attica Bank’s new shares today."