GREECE
Attica Bank S.A.Corporate
Attica Bank S.A., founded in 1925, is a dynamic financial institution with a network that currently numbers 80 branches in all major cities in Greece (41 in Attica, 10 in Thessaloniki, 29 in other cities) and 91 ATMs.
Attica Bank provides financing mainly to small and medium-sized enterprises (SMEs) and private individuals. The Bank also offers a wide range of investment and insurance products, mutual funds and stock market transaction services.
The Bank's main shareholders are:
In this critical period, keeping its sound financial figures remains the key objective for Attica Bank. It is only in this way that the Bank can continue supporting Greek businesses and the Greek economy as a whole, which has always been its top priority. At the same time, great importance is attached to reinforcing the Bank's profile as a socially-responsible company, which establishes the Bank as an element of stability in the Greek banking system and social cohesion.
Key Financial Figures
Assets - Deposits - Loans
The Group's total assets as at September 30, 2011 amounted to EUR 4.3 billion, displaying a 9.9% year-on-year decrease.
Deposits at the Group level for Q3 2011 came to EUR 3.09 billion, displaying a 0.1% year-on-year decrease.
Total lending as at September 30, 2011 (before provisions) decreased by 2.1% with the loan balance coming to EUR 3.8 billion. The lending activity of the Bank is focused in business loans provided to companies operating in all sectors of the economy.
Loan portfolio breakdown (as at September 30, 2011): businesses (67.4%), private individuals (23.3%), leasing (8.2%), State (1.0%).
The NPL ratio (loans in arrears for more than 180 days / total loans) was 10.9% as at September 30, 2011.
53.2% of non-performing loans (>180 days in arrears) are covered by provisions. If loan collaterals are also taken into consideration, then the coverage ratio of non-performing loans exceeds 100% significantly.
The coverage ratio for loans that are more than 90 days in arrears (IFRS-7) from accumulated provisions was 47.6% for Q3 2011, reflecting a policy of high provisions that is being implemented consistently during the last years.
Equity - Capital Adequacy
The capital adequacy rations for the Group stand at high levels. More precisely, the capital adequacy ratio on a consolidated basis, as at September 30, 2011, was 15.9% whereas the Tier 1 capital ratio (Tier 1) was 13.9%, even after the impairment loss from provisions for government bonds which took place in June 2011.
Based on these figures, Attica Bank currently ranks among the top Greek banks in terms of capital adequacy.
Attica Bank's continuous presence in "The Banker" magazine raking of the world's top 1,000 banks in the last years confirms the emphasis placed by the Bank on maintaining high capital adequacy ratios, despite the critical economic conditions.
Attica Bank provides financing mainly to small and medium-sized enterprises (SMEs) and private individuals. The Bank also offers a wide range of investment and insurance products, mutual funds and stock market transaction services.
The Bank's main shareholders are:
- The Pension Fund of the Engineers and Public Works Contractors (TSMEDE) with 42.87% of shares
- TT Hellenic Postbank S.A. with 22.43% of shares
- The Loans and Consignations Fund (TPD) with 19.28% of shares
- Attica Wealth Management S.A.
- Attica Ventures
- Attica Finance
- Attica Bancassurance Agency S.A.
- Atticabank Properties S.A.
In this critical period, keeping its sound financial figures remains the key objective for Attica Bank. It is only in this way that the Bank can continue supporting Greek businesses and the Greek economy as a whole, which has always been its top priority. At the same time, great importance is attached to reinforcing the Bank's profile as a socially-responsible company, which establishes the Bank as an element of stability in the Greek banking system and social cohesion.
Key Financial Figures
Assets - Deposits - Loans
The Group's total assets as at September 30, 2011 amounted to EUR 4.3 billion, displaying a 9.9% year-on-year decrease.
Deposits at the Group level for Q3 2011 came to EUR 3.09 billion, displaying a 0.1% year-on-year decrease.
Total lending as at September 30, 2011 (before provisions) decreased by 2.1% with the loan balance coming to EUR 3.8 billion. The lending activity of the Bank is focused in business loans provided to companies operating in all sectors of the economy.
Loan portfolio breakdown (as at September 30, 2011): businesses (67.4%), private individuals (23.3%), leasing (8.2%), State (1.0%).
The NPL ratio (loans in arrears for more than 180 days / total loans) was 10.9% as at September 30, 2011.
53.2% of non-performing loans (>180 days in arrears) are covered by provisions. If loan collaterals are also taken into consideration, then the coverage ratio of non-performing loans exceeds 100% significantly.
The coverage ratio for loans that are more than 90 days in arrears (IFRS-7) from accumulated provisions was 47.6% for Q3 2011, reflecting a policy of high provisions that is being implemented consistently during the last years.
Equity - Capital Adequacy
The capital adequacy rations for the Group stand at high levels. More precisely, the capital adequacy ratio on a consolidated basis, as at September 30, 2011, was 15.9% whereas the Tier 1 capital ratio (Tier 1) was 13.9%, even after the impairment loss from provisions for government bonds which took place in June 2011.
Based on these figures, Attica Bank currently ranks among the top Greek banks in terms of capital adequacy.
Attica Bank's continuous presence in "The Banker" magazine raking of the world's top 1,000 banks in the last years confirms the emphasis placed by the Bank on maintaining high capital adequacy ratios, despite the critical economic conditions.
