ATEbank Romania is up for sale

The Agricultural Bank of Greece (ATEbank), which owns a 93 percent stake in ATEbank Romania, has decided to dispose of its stake through a public tender, as part of the current privatization program that is taking place in Greece. Deloitte Business Solutions Hadjipavlou Sofianos & Cambianis will act as sole advisor for this procedure.

ATEbank Romania currently has a network of 30 branches (in 19 cities) and 49 ATMs. The bank c employs 317 people and had total assets of EUR 387 million as of June 2011. Total loans and advances to customers totaled EUR 237 million, while the volume of customer deposits reached EUR 154 million.

Ovidiu Posirca