{"id":6509,"date":"2012-07-27T16:21:21","date_gmt":"2012-07-27T16:21:21","guid":{"rendered":"https:\/\/hfsf.odh.gr\/?p=6509"},"modified":"2021-01-07T16:18:48","modified_gmt":"2021-01-07T16:18:48","slug":"transfer-of-the-viable-part-of-ate-bank-to-piraeus-bank","status":"publish","type":"post","link":"https:\/\/hfsf.odh.gr\/en\/transfer-of-the-viable-part-of-ate-bank-to-piraeus-bank\/","title":{"rendered":"Transfer of the viable part of ATE Bank to Piraeus Bank"},"content":{"rendered":"\t\t
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<\/p>\n

The Bank of Greece and the Hellenic Financial Stability Fund (HFSF) agreed to a
definite solution regarding the viability of ATE Bank through the purchase and
assumption from Piraeus Bank of the viable part of ATE Bank, which includes the
branch network, all deposits, the viable assets as well as other certain activities. The HFSF covers the funding gap as well as the capital requirements related to the transferred assets.<\/p>\n

The solution that was reached strengthens the banking system, is aligned with
European practices concerning resolution issues and was implemented in accordance
with the current national legislation aiming to ensure the viability of the project,
protection of the public interest, safeguarding the depositors and employees and
strengthening the banking system during this critical period for the country.<\/p>\n

This solution safeguards ATE Bank\u2019s customer deposits and jobs and at the same time
ensures the smooth operations and service of existing customer base.<\/p>\n

Depositors, customers and generally those transacting with the bank should note that
they can continue executing their transactions with exactly the same way they did to
date.<\/p>\n

BNP Paribas and Moelis & Co acted as advisors to the HFSF.<\/p>\n

A call center is operating to inform the public as regards ATE Bank issue (tel.: +30
210 98 92 900)<\/p>\n

\u00a0<\/p>\n

Press Release<\/strong><\/a><\/p>\n

<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

The Bank of Greece and the Hellenic Financial Stability Fund (HFSF) agreed to a definite solution regarding the viability of ATE Bank through the purchase and assumption from Piraeus Bank of the viable part of ATE Bank, which includes the branch network, all deposits, the viable assets as well as other certain activities. The HFSF […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[],"yoast_head":"\nTransfer of the viable part of ATE Bank to Piraeus Bank - Hellenic Financial Stability Fund<\/title>\n<meta name=\"description\" content=\"The Bank of Greece and the Hellenic Financial Stability Fund (HFSF) agreed to a definite solution regarding the viability of ATE Bank through the purchase and assumption from Piraeus Bank of the viable part of ATE Bank, which includes the branch network, all deposits, the viable assets as well as other certain activities\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transfer of the viable part of ATE Bank to Piraeus Bank - 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