Panellinia Bank, S.A.

Business Focus
retail banking

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.

Ways to Bank

Panellinia Bank, S.A. delivered its products and services through both direct and indirect channels, namely:
branch
online banking

Financials

Total Assets of Panellinia Bank, S.A.
Total Assets (2013)
749.00 mln EUR  (+1.90%)

In 2013 total assets of Panellinia Bank, S.A. were 749,00 mln EUR.

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Hellenic Deposit and Investment Guarantee Fund (TEKE)
Covered Depositors
natural persons
legal entities
Covered Accounts
all deposit accounts

Panellinia Bank, S.A. participates in the deposit guarantee scheme of Greece. This deposit guarantee scheme 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.

Contacts

290, Messogion Avenue, 155 62, Athens, Greece

Panellinia Bank, S.A. was headquartered in Athens.

Bank Identifiers

BIC (SWIFT)
PNELGRAA
MFI ID
GR049

Bank History

Close Date
April 2015

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