Greek Bank

The Pancreta Bank and the Cooperative Bank of Chania signed the Memorandum of Understanding (MOU) following a decision of the Boards of Directors of the two Banks for the merger of the two credit institutions.

The Athens Exchange Market (ATHEX) will open on August 3, officials met at the Bank of Greece (BoG) Wednesday. The decision follows concerns raised by Greek Bank managers due to complications arising from parallel use of ‘new’ and ‘old’ cash in the Greek banking system.