CrediaBank

What CrediaBank does

CrediaBank is Greece's fifth-largest operating bank, formed in September 2024 through the merger of Attica Bank (founded 1924) and Pancreta Bank. Headquartered at 260-262 Kifissias Avenue in Chalandri, Athens, the publicly listed entity (Athens Stock Exchange: CRED) serves retail individuals, small businesses, and corporate clients across Greece through 65 retail branches and 5 business centers, supplemented by digital banking platforms. The customer base spans seven primary segments: retail individuals, small businesses and professionals, medium-to-large enterprises, and specialized verticals covering agriculture, tourism/hospitality, engineers/technical professionals, and security & defence SMEs. Combined headcount is approximately 501-1,000 employees.

The product portfolio covers deposit accounts (CrediaBank Prime Savings, My Account, Agro), Visa payment cards (debit, credit/gold, prepaid), mortgage and consumer lending (First Home, Eco Home, New Start), SME financing (working capital loans with fixed 4.5% rates on €30K-€200K, export financing, hospitality programs), and investment services distributing mutual funds from BNP Paribas AM, Franklin Templeton, BlackRock, JP Morgan, PIMCO, Schroders, and Allianz, alongside corporate bond placements. Underlying technology includes a PSD2-compliant Open Banking API Portal (operational since May 2019) enabling AISPs and PISPs, biometric facial recognition for remote identification, integration with Greece's IRIS national instant payment system, and digital wallet support across Apple Pay, Google Pay, and Garmin Pay. Two wholly-owned subsidiaries—CrediaBancassurance Agency S.A. and CrediaFactors A.E.—extend the bank into insurance distribution and factoring services, while the e-banking, mobile banking, and CrediaConnect corporate platforms provide 24/7 digital access.

The revenue model is anchored in Net Interest Income from lending spreads across consumer loans, mortgages, SME financing, and corporate lending, supplemented by fee and commission income from transactions, wealth management advisory, card services, and brokerage commissions. Distribution combines traditional relationship banking through dedicated managers for retail, SME, and corporate segments with digital channels and an extensive branch network. Recent strategic actions include a €300 million ABB placement in July 2026 that increased free float to approximately 47% with over 70% allocated to international institutional investors coordinated by Morgan Stanley and UBS, inclusion in the FTSE/ATHEX Large Cap index with a €1.16 target price from Morgan Stanley, and a pending €200 million acquisition of HSBC Malta for first cross-border expansion.

Name

CrediaBank

Legal name

CREDIABANK SOCIETE ANONYME

Website

https://crediabank.com

Company type

Public

Founded year

2024

Operating status

Operating

Headcount range

501–1,000 employees

Short description

CrediaBank is Greece's fifth-largest bank formed in 2024 through the merger of Attica Bank and Pancreta Bank. It serves retail, SME, and corporate clients via 65 branches and digital platforms, offering deposits, lending, cards, investments, and bancassurance.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

SME Commercial Real Estate (CRE) Lending (FSABABAG)

akta.pro secondary industries

Commercial Real Estate (CRE) Mortgage Origination (FSALADAA), CRE Loan Syndication & Participation (FSALADAK)

Keywords

• Retail banking
• SME lending
• Corporate banking
• Wealth management
• Open banking APIs

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Core interest income from lending activities including consumer loans, mortgages, SME financing, and corporate lending. Interest rate spreads on deposits and loans form the primary revenue stream.
2. Fee and Commission Income: Transaction fees, account maintenance fees, card processing fees, wealth management advisory fees, and brokerage commissions from investment services.
3. Security & Defence Financing: EIB-backed financing for security and defence sector SMEs and mid-caps under the Pan-European Security & Defence Lending Envelope.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

CrediaBank is a Greek universal bank formed in September 2024 from the merger of Attica Bank and Pancreta Bank, operating as Greece's fifth-largest bank. It provides retail banking, SME lending, corporate banking, and wealth management services through 65 retail branches and 5 business centers across Greece, complemented by digital banking channels and PSD2-compliant open banking APIs.

Product overview

CrediaBank (formerly Attica Bank) is Greece's fifth-largest operating bank, formed from the merger of Attica Bank and Pancreta Bank. It operates as a unified banking platform offering a broad portfolio of retail, SME, corporate, and digital banking products across 65 retail branches and 5 business centres. The core offering spans deposit accounts (CrediaBank Prime Savings, My Account, Agro), credit/debit/prepaid cards (Visa), consumer and mortgage lending (First Home, Eco Home, New Start), SME financing (working capital loans, export financing, Hospitality Develop/Operate/Sustain), investment services (mutual funds from BNPP AM, Franklin Templeton, BlackRock, JP Morgan, PIMCO, Schroders; corporate bonds), insurance (via CrediaBank Wealth Management Academy and CrediaBancassurance Agency S.A.), leasing and factoring (CrediaFactors A.E.), and digital banking (e-Banking, Mobile Banking, CrediaConnect). Premium personal banking is served through the CrediaCobalt sub-brand. Digital payment capabilities include IRIS national instant payments, Apple Pay, Google Pay, Garmin Pay, and a forthcoming IRIS-based digital wallet via the Euronet partnership. The bank distributes EU Recovery Fund loans (TAA), SME guarantee programmes (TEPIХ III), and TMEDE microfinance. An API Portal provides PSD2-compliant open banking access to third-party providers.

Differentiator

Problem solved

Functional benefit

Brands

• CrediaCobalt: Premium personal banking segment with dedicated relationship managers and exclusive services
• CrediaBusiness Academy
• CrediaBank Wealth Management Academy
• CrediaConnect
• InCrediables

Products and services

• Retail Banking Services Day-to-day banking for Greek individual consumers including deposit accounts, payment cards, consumer loans, and mortgages, delivered through 65 retail branches and digital channels.
• SME and Business Banking Banking and credit services for Greek small and medium-sized enterprises, including working capital loans, business accounts, and transactional banking, served through 5 dedicated business centers and the broader branch network.
• Corporate Banking Corporate lending and banking services for larger Greek corporate clients, including credit facilities, corporate finance, and cash management.
• Wealth Management Asset management and investment advisory services for affluent and institutional clients, delivered in partnership with BNP Paribas Asset Management to provide access to international investment products.
• Digital Wallet Services Digital wallet and payment services for retail customers, delivered through a partnership with Euronet to extend CrediaBank's payment and card capabilities.

Quantifiable outcome

• Loan production approximately 40% higher quarter-on-quarter and 16% year-on-year in April-May 2026
• +2 more outcomes

Named customers4 records

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability6 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• BNP Paribas Asset ManagementcoreStrategic or Co-development Partner · 16 July 2026Strategic partnership announced July 16, 2026 to enhance Wealth Management services. Leverages BNPP AM's international asset management expertise to deliver personalized investment solutions including strategy planning, portfolio design, and market research. Part of CrediaBank's digital transformation strategy.
• Aktor GroupminorStrategic or Co-development Partner · 15 July 2026Cooperation memorandum signed for study, design, and construction of €400 million tourism complex in Sani, Halkidiki. Aktor Group handles construction while ONYX Touristiki provides financing through CrediaBank.
• Athens University of Economics and Business (AUEB)coreStrategic or Co-development Partner · 22 June 2026Partnership for CrediaBusiness Academy, designed for Small Business Relationship Managers. Focus on digital transformation, ESG, and investment risk management. First 158 graduates certified in June 2026.
• PwC AcademycoreStrategic or Co-development Partner · 22 June 2026Partner in CrediaBusiness Academy alongside AUEB for training Small Business Relationship Managers. Part of bank's talent development and certification programs.
• Franklin TempletoncoreStrategic or Co-development Partner · 22 June 2026Partner in CrediaBank Wealth Management Academy targeting CrediaCobalt Personal Banking Relationship Managers. Certification training now part of onboarding for future RMs.
• Euronet Worldwide Inc.coreStrategic or Co-development Partner · 30 December 2025Strategic partnership announced December 30, 2025 under which Euronet acquires CrediaBank's merchant acquiring business and ATM network while providing issuing services and digital wallet capabilities. Combined operations expected to process over $22 billion annually and serve 240,000+ merchants. Partnership includes joint development of IRIS-integrated digital wallet. Expected to close Q3 2026 pending regulatory approval.
• HSBC Bank Malta p.l.c.coreChannel Partner/ Reseller/ Distributor · 16 September 2025CrediaBank announced €200 million acquisition of HSBC Malta, pending regulatory approval. Will extend CrediaBank's presence internationally, accelerating payments innovation and digital financial services across Malta. Expected to close following regulatory clearance.

Scale indicators10 records

Recent moves9 records

Expansion highlights8 records

Direct peers

• National Bank of Greece: The largest Greek commercial bank, offering a similar retail, SME, and corporate banking product set across Greece. Directly comparable in geography, customer segments, and regulatory framework, but materially larger in scale.
• Piraeus Bank: Second-largest Greek bank and a direct competitor across retail, SME, corporate, and wealth management. Highly comparable given overlapping Greek footprint and product mix; CrediaBank's CEO previously served as Piraeus CIB head.
• Alpha Bank: Major Greek systemic bank with comparable retail, SME, and corporate banking offerings. Direct competitor in the same Greek market segments and a benchmark for the Greek banking cost of equity.
• Eurobank: Systemic Greek bank offering similar retail, SME, and corporate products and competing intensely for the same Greek customer base. Highly relevant peer for margins, NPL evolution, and capital benchmarks.
• Optima bank: Greek bank focused on investment banking, advisory, and corporate finance. Directly comparable as a smaller Greek bank; Optima co-underwrote the Seanergy Maritime bond with CrediaBank, evidencing overlap in capital markets activity.
• Hellenic Bank: Cypriot commercial bank with a similar SME and retail banking franchise. Comparable in scale and product set within the Cyprus market, providing a regional benchmark for a Greek-Cypriot cross-border player like CrediaBank with Maltese expansion.
• Bank of Valletta: Malta's largest bank and the most direct comparable banking franchise in the market CrediaBank is entering via the HSBC Malta acquisition. Highly relevant for benchmarking Malta integration economics and competitive dynamics.

Broad incumbents

• Bank of Cyprus: Largest Cypriot bank with material Greek corporate exposure. Comparable in product mix (retail, SME, corporate, wealth) and in serving the Greek-Cypriot cross-border market; CrediaBank Chairman Constantinos Herodotou is the former Governor of the Central Bank of Cyprus.
• HSBC Holdings: Global universal bank selling its Malta subsidiary to CrediaBank. Relevant given the carve-out and franchise-transfer logic, and HSBC's role in the €200M Malta deal structure; the CFO's prior tenure at HSBC Greece further links the two.

Others

• Euronet Worldwide: Global payments and ATM operator that is acquiring CrediaBank's merchant acquiring and ATM business while jointly developing an IRIS-integrated digital wallet. Not a direct competitor but a critical strategic partner shaping CrediaBank's payments strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/CrediaBank
• Xx.com/attica_bank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CrediaBank