The agreement Ths and Thrivest on the terms of the merger with Pancreatia and the capital support announced by Attica Bankconfirming that an extension was granted by the BoE for the completion of the relevant internal procedures.

In particular, as pointed out in an announcement by Attica Bank:

“Referring to the letter dated 27.06.2024 from the Bank of Greece, information was requested from Attica Bank on how to ensure the compliance of the new banking entity that will arise after the intended merger of Attica Bank – Pankritia Bank with the minimum mandatory supervisory capital adequacy ratios in force by taking taking into account the expected losses in case the portfolios are included in the “HERAKLES III” program, as well as the immediate presentation of a draft agreement of the main shareholders of the credit institutions on the principle and on the method of finding the necessary funds.

Based on written information received by the Bank from the Financial Stability Fund (the “TFS”), and from Thrivest Holding Ltd, the two shareholders have confirmed that an agreement in principle has been reached on a commonly accepted text that includes the main terms of the intended merger with Pancreatia Bank and the capital strengthening of the new banking scheme. For the final signing of the agreement, the internal procedures of the shareholders must be followed based on the law of the HFSF. The Bank will immediately inform the investing public when the agreement between the shareholders is finalized and its individual terms are made known, as for any newer development.

Pending the above, Attica Bank requested and received from the Bank of Greece (“Bank”) an extension of time until 12.07.2024.

The Bank underlines that any information or development concerning its activities is issued by itself and is the only reliable and valid source of information. The Bank remains committed to complying with the conditions and requirements provided for in the legal framework and the constant practice of immediately informing the investing public, with validity and responsibility, of any development concerning its activities, in accordance with the provisions of the current legislation and the relevant decisions of the of its organs.”