In the context of EFG Eurobank Ergasias’ wider strategy to expand its activities in the southeastern European region, officers of the Bank signed a pre-contract for the acquisition of 67% of the total share capital of the Yugoslav bank Post Banka AD on Monday, November 11th, 2002, in Belgrade.
The major shareholders of Post Banka AD are the Yugoslav Post and the Yugoslav Telecommunications Company who, together with other minor shareholders of Post Banka, agreed to transfer their shares to EFG Eurobank Ergasias. The parties also agreed to immediately take all necessary steps to obtain the required approvals by the relevant authorities in Greece and in Yugoslavia, in order for the final contract to be signed as soon as possible.
Post Banka AD has a license to conduct all banking activities. Following the signing of the final contract, EFG Eurobank Ergasias will undertake an action plan for the growth and development of Post Banka’ s activities, in line with similar plans already underway in Post Bank Bulgaria and Banc Post Romania.