The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.11 - Central banking
161 jobs Number of planned job creations
Announcement Date
16 March 2009
Employment effect (start)
16 March 2009
Foreseen end date
30 April 2009
Description
TT Hellenic Postbank announced the hiring of 161 permanent employees in units across Greece. The Bank employees a total staff of 1318 people and has a private network of 145 branches in 64 cities around Greece, a constantly growing ATM network and an alternative network of 845 allied Hellenic Post Branches.
Since 2004, the TT Hellenic Postbank S.A. has undergone total restructuring. A full banking licence was acquired in 2006. Since then the bank has been operating under the supervision of the Bank of Greece and has made an aggressive foray into the retail banking market with positive results.
TT Hellenic Postbank S.A. has managed to go from 1,4 per cent of the market to 6,4 per cent in three years and aims to reach 10 per cent market share by the end of 2009.
Sources
16 March 2009: Apogevmatini
Citation
Eurofound (2009), TT Hellenic Postbank, Business expansion in Greece, factsheet number 68569, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68569.
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