Credicom promotes its plan for an entirely digital lender

Credicom is gearing up to launch a radically new digital bank with the creation of a strategic network of about 40 small low-cost kiosks, and an ambitious plan for financing small and medium-sized enterprises as well as private customers.

Kathimerini understands that Credicom's objective is to raise funds of between 200 and 250 million euros by the end of April from investors to finance the first stage of the bank's development. If all goes to plan, this will be the biggest investment implemented in the local banking sector since the outbreak of the crisis concerning the development of new banking and not recapitalizations.

Next week the chief executive officer of Atlas Merchant Capital (Credicom's main shareholder), Bob Diamond, will come to Athens and the bank's board will convene on Tuesday to examine the new business plan and issue its approval for the drawing of...

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