|
|
Athens Macedonian News Agency: News in English, 13-12-08
CONTENTS
[01] Three cooperative banks to close, central bank announces
[01] Three cooperative banks to close, central bank announces
ANA-MPA -- The Bank of Greece on Sunday announced that it has revoked
the operating licences of three cooperative banks, namely those of
Western Macedonia, the Dodecanese and Evia. Deposits in all three banks
are fully guaranteed and the total deposits - amounting to 400 million
euros - will be undertaken by Alpha Bank.
According to the central bank announcement, the decision was taken
after deadlines given for the recapitalisation of the three banks
expired without the necessary funds being raised, for the protection
of the clients' deposits. The deposits were undertaken by Alpha Bank,
following a successful bid in a bidding process conducted in accordance
with the relevant 2007 legislation.
The three cooperative banks will be placed in special liquidation, the
result of which will satisfy demands of third parties in the order set
out by law, with the firm Ernst & Young (Hellas) Chartered Accountants
SA appointed as liquidator. The funds deposited in interim accounts for
the capital increase will be returned.
Alpha Bank, meanwhile, issued an announcement stressing that all the
deposits it has undertaken are fully guaranteed and that it will
exclusively assume the deposits and not any other assets and/or
liabilities of the three banks.
Upon completion of the accounts' transfer process to its systems, Alpha
Bank will notify their beneficiaries, as to the commencement date of
their servicing through its branch network.
Alpha Bank also announced its intention to maintain a physical presence
through its branches in certain remote areas where the cooperative banks
have been operating, as well as plans to offer employment opportunities
to the personnel of the three banks, following a selection process.
|