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ATEbank
The Agricultural Bank of Greece was a commercial bank based in Athens, Greece. The bank was founded in 1929. The bank proclaimed that it would focus on the Balkan bank market, with the business activities of supporting of the agricultural sector. ATEbank held a strong position at Athens Stock Exchange and has become a member of Piraeus Bank in the year 2013. The Bank's development of business activities called for a new name and corporate image as ATEbank. History 1929 / Foundation. Agricultural Bank of Greece is founded as a non-profit organisation, provider of credit to the agricultural sector. The bank mainly aims at implementing programmes for financing both the activities of the primary sector of the economy and the processing and marketing of agricultural products, and enhancing rural development. 1950 Expansion of activities in the agricultural sector. Agricultural Bank founds a number of companies, which produce farming products and exploit resources all over the country ...
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Piraeus Bank
Piraeus Bank ( el, Τράπεζα Πειραιώς) is a Greek multinational financial services company with its headquarters in Athens, Greece. Piraeus Bank's shares have been listed on the Athens Stock Exchange (ATHEX) since January 1918. In Greece, with a 30% market share in loans (34.4 billion) and 29% in deposits (54.6 billion), is the country's largest bank. Activities Piraeus Bank is a universal bank providing various banking services. Historically a bank supportive of SMEs it now also possesses particular know-how in the areas of agricultural banking, consumer and mortgage credit, green banking, capital markets, investment banking, leasing and electronic banking. Piraeus Bank Group Piraeus Bank and its subsidiaries form the Piraeus Bank Group. History Foundation A group of shipowners in Piraeus founded ''Banque du Pirée'' (Piraeus Bank; BP) in 1916 to finance trade. The bank started trading on the Athens Exchange in 1918. The Greek government bought the bank in 19 ...
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AIK Bank Nis
AIK Banka (full legal name: ''AIK Banka a.d. Belgrade'') is a commercial bank based in Belgrade, Serbia. History Upon being founded, AIK Banka initially operated as an internal bank of the Agro Industrial Combine Niš since 1976. On 10 August 1993, after obtaining the license of the National Bank of Yugoslavia, it became a full-fledged financial institution, working with legal entities and individual clients, registered as a joint venture. Greek ATEbank acquired 24.99% of common and 24.99% of preferential shares of AIK Banka in 2006 for an undisclosed amount. In February 2014, a Serbian company Sunoko (subsidiary of MK Group), became the major shareholder of the company with 50.37% of total shares at the time. On 1 July 2015, the bank moved its headquarters from Niš to Belgrade, and also changed its legal name to AIK Banka a.d. Belgrade. In 2015, AIK Banka became a member of the MK Group. By purchasing the shares of the Slovenian Gorenjska banka in 2016, AIK Banka increased it ...
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2010 European Union Banking Stress Test Exercise
A European Union-wide banking stress test exercise has been conducted by the Committee of European Banking Supervisors every year since 2009. The second instance was performed in July 2010. The Council of the European Union (in its economic and financial – ECOFIN – configuration) mandated that Committee so to do, in the aftermath of the global financial crisis which started in 2007. Summary of 2010 results by bank The 2010 test was the second of its kind, which assesses the financial strength of European banks under different adverse scenarios. This was done in co-operation with the European Central Bank, the European Commission and the national supervisory authorities of the member states. The 2010 results were released on 23 July 2010. Of the 90 banks tested, 7 failed the 6% tier 1 capital ratio threshold: five in Spain (Unnim, Diada, Espiga, Banca Cívica, and Cajasur), one in Germany (Hypo Real Estate), and one in Greece (ATEBank). The BBC, in this reference ...
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Demeter
In ancient Greek religion and mythology, Demeter (; Attic: ''Dēmḗtēr'' ; Doric: ''Dāmā́tēr'') is the Olympian goddess of the harvest and agriculture, presiding over crops, grains, food, and the fertility of the earth. Although she is mostly known as a grain goddess, she also appeared as a goddess of health, birth, and marriage, and had connections to the Greek Underworld, Underworld. She is also called Deo (). In Greek tradition, Demeter is the second child of the Titans Rhea (mythology), Rhea and Cronus, and sister to Hestia, Hera, Hades, Poseidon, and Zeus. Like her other siblings but Zeus, she was swallowed by her father as an infant and rescued by Zeus. Through her brother Zeus, she became the mother of Persephone, a fertility goddess. One of the most notable Homeric Hymns, the ''Homeric Hymn to Demeter'', tells the story of Persephone's abduction by Hades and Demeter's search for her. When Hades, the King of the Underworld, wished to make Persephone his wife ...
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Balkan
The Balkans ( ), also known as the Balkan Peninsula, is a geographical area in southeastern Europe with various geographical and historical definitions. The region takes its name from the Balkan Mountains that stretch throughout the whole of Bulgaria. The Balkan Peninsula is bordered by the Adriatic Sea in the northwest, the Ionian Sea in the southwest, the Aegean Sea in the south, the Turkish Straits in the east, and the Black Sea in the northeast. The northern border of the peninsula is variously defined. The highest point of the Balkans is Mount Musala, , in the Rila mountain range, Bulgaria. The concept of the Balkan Peninsula was created by the German geographer August Zeune in 1808, who mistakenly considered the Balkan Mountains the dominant mountain system of Southeast Europe spanning from the Adriatic Sea to the Black Sea. The term ''Balkan Peninsula'' was a synonym for Rumelia in the 19th century, the European provinces of the Ottoman Empire. It had a geopol ...
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Companies Formerly Listed On The Athens Exchange
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Banks Established In 1929
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Defunct Banks Of Greece
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Niš
Niš (; sr-Cyrl, Ниш, ; names in other languages) is the third largest city in Serbia and the administrative center of the Nišava District. It is located in southern part of Serbia. , the city proper has a population of 183,164, while its administrative area (City of Niš) has a population of 260,237 inhabitants. Several Roman emperors were born in Niš or used it as a residence: Constantine the Great, the first Christian emperor and the founder of Constantinople, Constantius III, Constans, Vetranio, Julian, Valentinian I, Valens; and Justin I. Emperor Claudius Gothicus decisively defeated the Goths at the Battle of Naissus (present-day Niš). Later playing a prominent role in the history of the Byzantine Empire, the city's past would earn it the nickname ''Imperial City.'' After about 400 years of Ottoman rule, the city was liberated in 1878 and became part of the Principality of Serbia, though not without great bloodshed—remnants of which can be found throughou ...
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Serbia
Serbia (, ; Serbian language, Serbian: , , ), officially the Republic of Serbia (Serbian language, Serbian: , , ), is a landlocked country in Southeast Europe, Southeastern and Central Europe, situated at the crossroads of the Pannonian Basin and the Balkans. It shares land borders with Hungary to the north, Romania to the northeast, Bulgaria to the southeast, North Macedonia to the south, Croatia and Bosnia and Herzegovina to the west, and Montenegro to the southwest, and claims a border with Albania through the Political status of Kosovo, disputed territory of Kosovo. Serbia without Kosovo has about 6.7 million inhabitants, about 8.4 million if Kosvo is included. Its capital Belgrade is also the List of cities in Serbia, largest city. Continuously inhabited since the Paleolithic Age, the territory of modern-day Serbia faced Slavs#Migrations, Slavic migrations in the 6th century, establishing several regional Principality of Serbia (early medieval), states in the early Mid ...
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Romania
Romania ( ; ro, România ) is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern, and Southeast Europe, Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, and the Black Sea to the southeast. It has a predominantly Temperate climate, temperate-continental climate, and an area of , with a population of around 19 million. Romania is the List of European countries by area, twelfth-largest country in Europe and the List of European Union member states by population, sixth-most populous member state of the European Union. Its capital and largest city is Bucharest, followed by Iași, Cluj-Napoca, Timișoara, Constanța, Craiova, Brașov, and Galați. The Danube, Europe's second-longest river, rises in Germany's Black Forest and flows in a southeasterly direction for , before emptying into Romania's Danube Delta. The Carpathian Mountains, which cross Roma ...
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Tier 1 Capital
Tier 1 capital is the core measure of a bank's financial strength from a regulator's point of view.By definition of Bank for International Settlements. It is composed of ''core capital'', which consists primarily of common stock and disclosed reserves (or retained earnings), but may also include non-redeemable non-cumulative preferred stock. The Basel Committee also observed that banks have used innovative instruments over the years to generate Tier 1 capital; these are subject to stringent conditions and are limited to a maximum of 15% of total Tier 1 capital. This part of the Tier 1 capital will be phased out during the implementation of Basel III. Capital in this sense is related to, but different from, the accounting concept of shareholders' equity. Both Tier 1 and Tier 2 capital were first defined in the Basel I capital accord and remained substantially the same in the replacement Basel II accord. Tier 2 capital represents "supplementary capital" such as undisclosed reserves ...
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