Attica Bank, S.A.

Attica Bank, S.A. is a Greek commercial bank headquartered in Athens, founded in 1925 and listed on the Athens Exchange, operating a compact network focused on urban centers and serving retail customers, small and midsize enterprises, and selected corporate clients. The bank offers current and savings accounts, time deposits, consumer and mortgage lending, SME and corporate loans, cards, digital banking via web and mobile, and basic trade and cash management services; pricing and fees follow standard domestic market practices for payments, transfers, and card usage. Its balance sheet is small relative to the four largest Greek banks and remains domestically concentrated, with funding primarily from customer deposits and limited access to market wholesale sources. The institution has undergone multiple restructurings and capital increases in recent years due to legacy asset quality issues, with significant state participation through the Hellenic Financial Stability Fund and continuing supervisory oversight under the Single Supervisory Mechanism framework via the Bank of Greece. Non‑performing exposures have been reduced through workouts, sales, and securitizations, including transactions making use of Greece’s Hercules asset protection scheme, though profitability has been volatile as cleanup, operating cost adjustments, and risk charges progressed. Management and board composition have been refreshed periodically to align with governance and regulatory requirements, and systems have been upgraded to meet PSD2, AML/KYC, and operational resilience standards; digital channels cover core functionality for payments, transfers, and account servicing, but breadth and scale are more limited than larger peers. Strategic options have included discussions regarding a potential combination with Pancreta Bank, subject to due diligence, capital planning, and regulatory approval, aiming at a more sustainable operating scale; timelines and final structure remain contingent on supervisory decisions and market conditions. Deposits are covered by the Hellenic Deposit and Investment Guarantee Fund up to €100,000 per depositor per bank, and the bank’s risk profile is influenced by concentrated exposure to the Greek economy, interest rate sensitivity, and execution risk related to ongoing restructuring initiatives.