PROBANK

PROBANK
Company type
Private
Founded2001
HeadquartersIndonesia, Greece
Key people
Miltiadis Damanakis
ProductsCommercial banking
Websitewww.probank.gr

PROBANK was a Greek bank that provided financial services. Its headquarters were in Athens and it operated 112 branches (as of November 2012)[1] across Greece.

It was established in July 2001, following the receipt of a banking license by the Bank of Greece in May 2001. The first branch was opened in November 2001.

The company offered investment, debit and credit card, leasing, and deposit account services to its customers.[2]

In July 2013, following PROBANK's inability to meet the regulatory deadline for recapitalization, the Bank of Greece intervened to oversee the credit institution's resolution. A selection of the bank's assets and liabilities was transferred to the National Bank of Greece to ensure operational continuity and financial stability.[3]

Following this asset transfer, the credit license of Probank was formally revoked, and the entity was placed under special liquidation proceedings.[4]

See also

References

  1. ^ "Probank". Archived from the original on 2010-05-21. Retrieved 2010-05-08.
  2. ^ "Probank SA/Greece - Company Profile and News". Bloomberg.com. Retrieved 2023-11-02.
  3. ^ "National Bank of Greece announced Probank license revoked and bank's assets and liabilities transferred". EuropaWire.eu. 29 July 2013. Retrieved 2023-11-03.
  4. ^ "Transfer of assets and liabilities of Probank to the National Bank of Greece S.A. in accordance with Law 3601/2007". bankofgreece.gr. 26 July 2013. Retrieved 3 November 2023.


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