Greece’s Thrivest sets plan to build largest non-systemic bank

Investment company Thrivest Holdings Ltd. Is planning to create Greece’s largest non- systemic lender, filling a gap in the country’s banking market that’s shut many companies off from financing.Thrivest has agreed to participate in Attica Bank SA’s upcoming capital increase, which will lead to a merger with Pancreta Bank SA, Alexandros Exarchou, one of the investment firm’s founders, said in an interview. That will pave the way for “the creation of Greece’s fifth banking pillar” to complement the country’s four largest banks, he said.“The benefit of having a fairly big non-systemic bank without systemic restrictions is that we’ll be able ...

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Prime Minister Kyriakos Mitsotakis (right) met with Egyptian Foreign Minister Sameh Shoukry on Tuesday in Athens in a visit that expressed the volition of both countries for the continuation of close cooperation and the relative convergence of views on issues of common interest in the East Mediterranean. Earlier, Shoukry also met with his counterpart Nikos Dendias.

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