Created by Anna Mileiko 
Panellinia had failed to find investors to cover a capital need of about 170 mln EUR to bring its capital adequacy in line with regulatory requirements.
On April 17, 2015 the Bank of Greece made a decision to transfer assets and liabilities of Panellinia Bank to Piraeus Bank. The liabilities to be transferred include all the deposits, while the assets to be transferred include mainly loans, except for those in permanent delay or in delay for more than three years.
In 2013, Panellinia Bank, S.A. achieved the position of 8th largest bank in Greece with a market share of 0.20%; its total assets grew by 1.90%.
Deposits up to 100,000 EUR are covered by Greek deposit guarantee scheme in Panellinia Bank, S.A.
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Panellinia Bank, S.A. was the 8th largest bank in Greece in terms of total assets. In 2013 its total assets were 749,00 mln EUR, providing the bank with the market share of 0.20%.
Hellenic Deposit and Investment Guarantee Fund (TEKE)Panellinia Bank, S.A. participates in the deposit guarantee scheme of Greece which applies to all deposit accounts made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. Panellinia Bank, S.A. is a member of Hellenic Deposit and Investment Guarantee Fund (TEKE) and makes its contributions into it.
290, Messogion Avenue, 155 62, Athens, GreecePanellinia Bank, S.A. was headquartered in Athens.
