Exarchou to “N”: The acquisition of HSBC Malta doubles the value of Credia Bank
The agreement between Credia and HSBC Malta is “one of the greatest successes of the banking sector in Greece”, Aktor CEO, Alexandros Exarchou, said to “N” Forum, noting that Credia has a capitalization of 2.5 billion euros, without including a single euro of deferred tax.
“The money for the acquisition does not burden the public, but Credia’s shareholders. This is a completely sound bank that needed a larger size,” he emphasized.
Double value and momentum in Malta
The final agreement is expected to be signed on September 15, a date on which, as he said, Credia will double its real value to 1.3-1.4 billion euros.
HSBC Malta, the country’s second largest bank, has high liquidity and deposits, which creates conditions for dynamic growth in this market.
At the same time, he noted that the Hellenic Financial Stability Fund (HFSF)’s investment after the agreement will be a milestone, as “Credia will be the first bank from which the Fund will not only get its money back, but will also make a profit.”
Concluding, Exarchou highlighted Credia’s strategic focus: “As a fifth pillar, it is focused on financing small and medium-sized enterprises”.
Οι απόψεις που εκφράζονται στα σχόλια των άρθρων δεν απηχούν κατ’ ανάγκη τις απόψεις της ιστοσελίδας μας, το οποίο ως εκ τούτου δεν φέρει καμία ευθύνη. Για τα άρθρα που αναδημοσιεύονται εδώ με πηγή, ουδεμία ευθύνη εκ του νόμου φέρουμε καθώς απηχούν αποκλειστικά τις απόψεις των συντακτών τους και δεν δεσμεύουν καθ’ οιονδήποτε τρόπο την ιστοσελίδα.
