The Pancreta Bank and the Cooperative Bank of Chania signed the Memorandum of Understanding (MOU) following a decision of the Boards of Directors of the two Banks for the merger of the two credit institutions.
The merger will be carried out based on the Net Position of each Bank after the required financial and legal control is implemented and the procedures are approved by the General Meetings of the two Banks and the Supervisory Authorities. A capital increase will take place before the formal completion of the merger.
In the post-COVID-19 era, Greek banks are called upon to play a central role in the recovery phase of the economy and the achievement of stable growth rates, acting as helpers for businesses and the local community, with an emphasis on utilizing community and national programs and moving to a new green and digital economy.
Given this, the present time was judged as the most appropriate for the joining of forces of the two banks of Crete and the creation of a large Greek Bank, which is going to contribute significantly to the prosperity and development of Cretan society and economy while will have the opportunity to take a leading role at national level.
In order to achieve the desired result as soon as possible, the work proceeds smoothly in a spirit of excellent cooperation.
Pope Francis met with the Greek PM
In addition to Pope Francis, the Greek Prime Minsister, Mr. Kyriakos Mitsotakis, met with the Secretary of State of the Holy See (Prime Minister), Cardinal Pietro Parolin
Tourism – How can it bring more revenue to the Greek economy
Increasing tourism revenue is a timeless strategy for both the public and the private sector
AI, freedom of choice, Aristotle and Kant
AI expert and academic John Tasioulas speaks to OT, on the occasion of the Athens Roundtable: AI and The Rule of Law
Covid-19 pandemic in Greece: 6,201 new infections on Fri.; 97 deaths, 694 intubated patients
The figure brings the number of confirmed Covid-19 infections in the country, since the beginning of the pandemic, to 957,552.
Judicial council again rejects early release of notorious terrorist; points to 2027 as next opportunity for similar petition
The decision was handed down by the council of first instance judges in the south-central city of Lamia
Greek high court upholds obligatory Covid-19 vaccinations law for healthcare staff
The ruling essentially upholds the constitutionality of the measure, and according to legal experts in the country, opens the path for an expansion of the obligation to other professional castes.
Greek PM extends invitation to Abu Dhabi crown prince for official visit to Greece
Mitsotakis had visited the influential Gulf state in November 2020
Wait period in Greece between second to third dose of Covid-19 vaccine cut to three months
The decision affects all citizens above the age of 18.
Exports – Good yields for tangerines
Prices are still higher than last year.
Conference tourism in Athens – Targeting first place for 2022
Meeting of V. Kikilias - K. Bakoyannis for the strengthening of the tourism of Athens in the historical center and the neighborhoods