EPG Eurobank Ergasias

Type
Business expansion
Country
Poland
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
100 jobs
Number of planned job creations
Job creation
Announcement Date
31 August 2005
Employment effect (start)
31 August 2005
Foreseen end date

Description

EPG Eurobank Ergasias, the third largest bank on the Greek market, plans to open a subsidiary in Poland and has already launched a recruitment drive. The bank plans to open 200 branches by 2008. The new financial institution will probably be named EPG Bank so as to avoid any confusion with Polish Eurobank and at the same time retain the name of the investor - the Swedish EPG group that has a 41% share in the Greek bank.

Sources

  • 31 August 2005: Poland A.M.

Citation

Eurofound (2005), EPG Eurobank Ergasias, Business expansion in Poland, factsheet number 62174, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62174.