Thursday , July 27 2017
Home / News / Economy / Piraeus Bank acquires branches of Bank of Cyprus & Popular Bank in Greece

Piraeus Bank acquires branches of Bank of Cyprus & Popular Bank in Greece

Greek Fincancial Stabilty Fund (HFSF) approved the bid of Piraeus bank to acquire the branches of Bank of Cyprus and Cyprus Popular Bank in Greece.

“Piraeus bank will take over 12 billion euro in deposits,” Skai TV reported on Friday evening adding that the bank personnel will be transferred to Piraeus Bank with their existing work contracts.

The price for the acquirement has not been revealed so far.

The move aims to secure the deposits of Greeks in these branches.

 

Check Also

Greece’s debt collectors to screen debtors’ Facebook & other social media accounts

Are you a bank debtor in a cash-strapped country and owner of several accounts on …

2 comments

  1. sorry….. just read that staff will be taken over with existing working contracts… 😀
    delete my post please!

  2. keeptalkinggreece

    🙂