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Emporiki Bank was established in 1907 and today is one of the largest commercial Greek banks. In June 2000, Emporiki Bank entered into a strategic alliance
agreement with the Crédit Agricole international banking group, which acquired 6.7% of the Emporiki’s share capital. Following the public offer made by Crédit Agricole in June 2006 for the acquisition of 100% of the shares held by Emporiki Bank, Crédit Agricole today holds 72% of the Bank’s share capital, with the remainder being held by more than 60,000 shareholders.
Emporiki Bank is active in the domestic and foreign capital and money markets, offering a comprehensive range of traditional and modern banking services and products that meet the savings, financing and investment needs of its customers. Emporiki Bank operates 376 branches in Greece and one branch in London, and also operates subsidiary banks in Germany and in Cyprus. Emporiki is also developing its activities in the Balkan countries, more specifically in Albania, Bulgaria and Romania, through its subsidiary banks.
The Emporiki Bank group is one of the most dynamic Groups in the financial sector, and offers an extensive range of products and services, such as investment banking and leasing, factoring, insurance, bancassurance, asset management for institutional investors, mutual fund management, securities portfolio management, real estate development and management, and consumer credit. The Emporiki Bank Group employs a total of 7,621 persons. Through its new shareholder, who is one of the largest banks on the global scale, Emporiki has now access to significant know-how and to an international network covering some 65 countries.
The Emporiki Bank Group is operating in 5 foreign countries through subsidiary banks, whilst it is present with one branch in the international financial center of London. At the end of 2006, subsidiary banks were operating in Bulgaria (16 branches), Romania (8 branches and 1 office), Albania (8 branches), Germany (3 branches) and Cyprus (12 branches).
Emporiki Bank - Romania S.A. has been operating since 1996 and is based in Bucharest, Romania. Emporiki Bank owns 98.48% of its share capital.
The subsidiary operates a network of 26 branches and 2 agencyes as follows: Bucharest: 12 branches and 1 agency, Iasi: 1 branch and 1 agency, Constanta: 2 branches, Timisoara: 2 branches, Galati: 1 branch, Brasov; 1 Branch, Arad:1 Branch, Pitesti: 1 Branch, Sibiu: 1 Branch, Giurgiu: 1 Branch, Bacau: 1 Branch, Craiova: 1 Branch, Oradea: 1
Branch
Emporiki Bank - Romania operates as a full-scale commercial bank and provides a broad range of banking services, such as enterprise financing, housing loans, deposits, international operations, treasury management, consulting services, foreign exchange operations, issue of credit and debit cards and Internet banking.
Vision and goals
As a member of the Emporiki Bank Group, Emporiki Bank - Romania S.A. aims to improve its position in the Romanian banking market by following a customer-centred approach and offering enhanced services to all its customers.
The human resources of Emporiki Bank - Romania S.A. consist of qualified staff with many years of professional experience in banking. The bank employs a total of 400 staff, and it intends to further expand its activities so that the total number of its branches is 50 by the end of 2008.