The Bank was established in December 1990 under the name of ‘’Euromerchant Bank S.A.’’, offering mainly investment and private banking services. The Bank changed its strategic focus in the mid-1990s, in view of the deregulation of the Greek retail banking sector. Since then, EFG Eurobank Ergasias has followed a successful course based on dynamic organic growth and has engaged in a series of mergers and acquisitions. Today, EFG Eurobank Ergasias holds the leading position in the fastest growing and most profitable banking segments in Greece.
1990
Establishment of "Euromerchant Bank S.A.", specializing in investment and private banking services
1994
Acquisition of 75% of EFG Private Bank (Luxembourg) S.A.
1996
Acquisition of Interbank Greece S.A., with a network of 23 branches, from parent company Consolidated Eurofinance Holdings (CEH) S.A.
1997
Eurobank – Interbank merger
Acquisition of the branch network of Credit Lyonnais Grece S.A.
"Euromerchang Bank" is renamed to "EFG Eurobank S.A."
1998
Acquisition of a controlling stake in Bank of Athens
CEH acquires 99.8% of Cretabank
CEH and EFG Eurobank jointly acquire a stake of 18.4% in Ergobank
Deutsche Bank acquires a 10% participation in EFG Eurobank
1999
Cretabank is transferred to EFG Eurobank
EFG Eurobank – Bank of Athens merger through share exchange
Initial Public Offering of EFG Eurobank shares and listing in the Athens Stock Exchange
EFG Eurobank – Cretabank merger
CEH acquires 50.1% in Ergobank following a public offering
2000
EFG Eurobank – Ergobank merger
New entity is renamed to "EFG Eurobank Ergasias S.A."
Acquisition of a 19.25% participation in Banc Post S.A. Romania
2002
EFG Eurobank Ergasias – Τelesis Investment Bank merger
Participation in Banc Post Romania raised to 36.25%
Acquisition of 50% in Alico / CEH Balkan Holdings leads to a 43% participation in Post Bank Bulgaria
Announcement of intention to acquire listed closed – end funds "Ergoinvest S.A." and "Investment Development Fund S.A."
2003
Acquisition of a 68% controlling stake in Post Banka AD Serbia
Merger through absorption of "Ergoinvest S.A." by EFG Eurobank Ergasias
Participation in Banc Post Romania raised to 53.25%
Merger by absorption of ''Investment Development Fund S.A.'' by EFG Eurobank Ergasias
Participation in Postbanka AD Serbia increased to 90.8%, entity renamed to EFG Eurobank AD Beograd
Disposal of the Bank's stake held by Deutsche Bank. Participation of institutional investors raised to 22% of total.
Establishment of Euroline Retail Services (Romania) - 80% Eurobank Cards and 19.961% Banc Post
Establishment of Eurocredit Retail Services (Cyprus) - 100% subisdiary of Eurobank Cards
2004
Participation in Post Bank Bulgaria raised to 96.74% through the acquisition of the remaining 50% of Alico / CEH Balkan Holdings
Participation in EFG Eurobank Beograd AD raised to 93.54%
Participation in Banc Post Romania raised to 58.6%
Establishment of Euroline Retail Services AD (Serbia) - 100% subsidiary of Eurobank Cards
Acquisition of INTERTRUST Mutual Fund Management Company
2005
Acquisition of HC Istanbul brokerage firm in Turkey
Acquisition of Capital Securities brokerage firm in Romania
Participation in Postbank Bulgaria raised to 98.7%
Participation in EFG Eurobank Beograd raised to 97.5%
Acquisition of 62.3% of Nacionalna štedionica – banka in Serbia
Merger by absorption of "The Greek Progress Fund S.A."
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