Geniki Bank to Transform Into Development & Investment Bank

Geniki Bank is going to be transformed into a specialised development and investment banking organisation, creating a new business plan of development through raising private capital from markets. A bank statement said the plan will be submitted to banking authorities for approval as soon as it is ready.

The statement said that Geniki Bank's activities will focus on asset management products, raising savings, selective funding of healthy enterprises with capital and liquidity combined with a parallel raising of capital from international markets, capital market consulting services, management of international and domestic development and investment capital and offering a full range of non-performing loans management services.