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Pancreta Bank has successfully absorbed the operations of HSBC Greece

Published in:

31 July, 2023

After many months of preparation and coordinated planning, Pancreta Bank has successfully absorbed the operations of HSBC Greece, formulating a new banking organization, with focus on the provision of advisory banking and high-quality services to its entire clientele.
With the successful completion of the merger, Pancreta Bank enriches its Human Resources and significantly expands its network of branches in Attica region, reaching 62 service points throughout Greece. A network that owns an upgraded portfolio in new wealth management products and services, as well as modern systems and high-value investment platforms. Pancreta Bank has consolidated assets that exceed €3.5 bil. and a client base of more than 300k clients.
Mr. Antonis Vartholomeos, Pancreta Bank CEO, stated: "After a year of hard work, we have successfully completed the absorption of HSBC's operations in Greece. A great milestone for Pancreta, inaugurating a new organization and welcoming excellent staff. This would not have been done without the valuable support of our strategic shareholders, Thrivest Holding Ltd and the excellent cooperation with the Bank of Greece. I want to congratulate and express my gratitude to the teams of both organizations who worked systematically showing readiness and persistence to successfully complete this demanding and complex project. We are committed to continuing to provide a high level of service to the customers we have just welcomed, further enhancing their experience with our bank."