What Aegean Baltic Bank does

Aegean Baltic Bank (ABBank) is a Greek private commercial bank founded in 2002, headquartered in Maroussi with two additional branches in Piraeus and Glyfada. The bank serves three segments — shipping (primary), business/corporate, and individuals — through a relationship-driven, branch-based model supplemented by an e-Banking platform. Its shipping franchise offers vessel and maritime lending, hedging instruments (FX, interest rate, commodity), deposit products, corporate cards, and remittance services with cross-border payment tracking. Business banking covers working capital, import/export financing, trade finance instruments (letters of credit, documentary credits), loan guarantees, and corporate cards; retail banking is limited to deposits and personal cards.

The bank's technology stack centers on standard banking core systems with a PSD2-compliant Open Banking API portal (production and sandbox environments) and SWIFT GPI integration for real-time cross-border payment tracking. It maintains correspondents banking relationships (published SSI list) and holds key compliance certifications including PSD2, GDPR, PCI DSS, SWIFT CSCF, MiFID II, FATCA, and CRS. Recent product launches — SWIFT GPI Tracker (June 2026), Beneficiary Verification/VoP (October 2025), and free ATM access across Greek bank networks (August 2025) — indicate ongoing investment in payment transparency and security infrastructure.

Revenue is generated primarily through net interest income from lending (shipping, corporate, retail), deposit gathering, transaction and commission fees on wire transfers, trade finance, and card services, plus foreign exchange and hedging income from shipping and business clients. Pricing follows a published transaction-based commission model, with a publicly available price list. The bank operates only in Greece, with no cross-border branch presence, and no revenue, ownership, or M&A activity is publicly disclosed.

Name

Aegean Baltic Bank

Legal name

Aegean Baltic Bank

Website

https://aegeanbalticbank.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

101–250 employees

Short description

Aegean Baltic Bank (ABBank) is a Greek private commercial bank founded in 2002, operating three branches in the Athens metropolitan area. It primarily serves shipping companies with specialized lending and hedging products, alongside corporate and retail banking clients.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Credit Intermediation and Related Activities (522), Depository Credit Intermediation (5221)

SIC

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

akta.pro primary industry

Structured Trade & Export Credit (ECA-backed, Structured Solutions) (FSABAHAJ)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)

Keywords

• Shipping finance
• Corporate banking
• International trade finance
• Commercial lending
• Cross-border payments

Headquarters

HQ city

Maroúli

HQ country

Greece

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Lending/Credit Products: Interest income from loans and credit facilities extended to shipping companies, businesses, and individuals
2. Deposits: Deposit-taking from customers, using funds for lending and investment activities
3. Transaction & Commission Fees: Fees from wire transfers, international trade services, card transactions, and other banking services
4. Foreign Exchange Services: Currency exchange and hedging products for shipping and business customers

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Aegean Baltic Bank (ABBank) is a Greek commercial bank providing a comprehensive suite of banking products and services organized by three customer segments: Shipping (shipping credit, hedging, deposits, corporate cards, remittance), Business/Corporate (commercial credit, international trade finance, loan guarantees, hedging, corporate cards, payments), and Individuals (deposits, personal cards). The bank differentiates through specialized maritime-finance expertise for the Greek shipping industry, supported by modern infrastructure including PSD2 Open Banking APIs, SWIFT GPI cross-border payment tracking, and Beneficiary Verification (VoP) security.

Product overview

Aegean Baltic Bank (ABBank) operates as a Greek banking institution serving three primary segments: Shipping, Business/Corporate, and Individuals. The bank offers a comprehensive suite of banking products organized by customer segment. For Shipping clients, ABBank provides specialized credit products for maritime financing, hedging instruments for currency and interest rate risk, deposits, corporate cards, and remittance services. For Business clients, the bank offers commercial credit facilities, international trade finance, loan guarantee programs, hedging products, corporate cards, and payment services. Individual customers access deposit accounts and personal cards. Additionally, the bank has introduced modern banking services including SWIFT GPI Tracker for payment transparency, Beneficiary Verification for transfer security, and a PSD2 Open Banking API portal enabling third-party provider integration.

Differentiator

Problem solved

Functional benefit

Products and services

• Shipping Credit Products Lending and credit facilities tailored for maritime and shipping enterprises, including ship financing and vessel loans for vessel acquisition and operational financing.
• Commercial Credit Products Commercial lending and credit facilities for businesses, including working capital lines, investment financing, and business loans for Greek enterprises.
• Hedging Products Risk management instruments including financial derivatives to hedge currency, interest-rate, and commodity price fluctuations, offered to shipping companies and business clients exposed to market risk.
• Deposit Accounts (Shipping and Business) Sight, savings, and term deposit accounts designed for shipping companies and business/corporate clients, supporting operational cash management and treasury reserves.
• Personal Deposit Accounts Savings and term deposit accounts for individual retail customers, supporting personal savings and everyday banking needs.
• Corporate Cards Credit and debit card solutions for corporate clients, including international transaction monitoring and currency conversion comparison tools for cross-border card spend.
• Personal Cards Debit and credit card products for individual customers, with features including transaction monitoring and international usage support in compliance with EU Regulation 2019/518.
• International Remittance and Payment Services International money transfer and payment services for shipping companies and business clients, including wire transfers and cross-border payments supported by a correspondent bank network.
• International Trade Finance Trade finance solutions for businesses including letters of credit, documentary credits, and import/export financing to facilitate cross-border commercial transactions.
• Loan Guarantee Facilities Guarantee and surety products supporting business financing, contractual performance obligations, and tender/bid requirements.
• PSD2 Open Banking API Services PSD2-compliant Open Banking API portal enabling third-party payment service providers and TPPs to access account information and initiate payment services under the EU PSD2 directive.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• SWIFTcoreTechnology or IntegrationSWIFT network connectivity for international wire transfers and messaging services; implemented SWIFT GPI Tracker for real-time transfer tracking
• VISAcoreTechnology or IntegrationCard network for debit and credit cards; provides exchange rate services and currency conversion information for card transactions abroad
• Correspondent BankscoreTechnology or IntegrationNetwork of correspondent banks for international settlements; Standard Settlement Instructions (SSI) list available for wire transfer routing

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Piraeus Bank: One of Greece's four systemic banks and historically the most active in Greek shipping finance. Operates a dedicated shipping desk alongside a national branch network and full corporate/investment banking — competing with ABBank for the same Greek shipowner clients, but at vastly greater scale and product breadth.
• National Bank of Greece: Largest Greek bank by assets with a long-standing shipping finance franchise and broad corporate/retail banking services. Overlaps with ABBank in shipping lending and trade services, while offering investment banking, treasury, and a national branch network that ABBank cannot match.
• Eurobank: Greek system bank with corporate and shipping banking in Greece and a wider SEE footprint. Targets similar corporate/shipping clients as ABBank but at system-bank scale with broader product coverage and international network.
• DVB Bank (transport finance arm of BPCE): Specialist transport and shipping finance bank (now part of BPCE group) focused on aviation, shipping, and land transport lending. Closest international pure-play comparable to ABBank's shipping-finance franchise, with structured lending, ECA-backed deals, and hedging capabilities.
• Norddeutsche Landesbank (NORD/LB): German Landesbank with a long-standing shipping finance portfolio alongside public-sector and corporate banking. Comparable to ABBank in the shipping-finance niche, serving European shipowners with structured lending, syndicated facilities, and FX/rate hedging.
• Hamburg Commercial Bank (HCoB): German commercial bank with one of the world's largest dedicated shipping finance portfolios and structured trade/ECA-backed lending. Closest international analogue to ABBank's shipping-finance specialism, though at materially larger scale and broader product set.
• Alpha Bank: Greek system bank with corporate, shipping, and international banking capabilities. Competes with ABBank for Greek shipowner deposits and lending, while serving a much broader SME and retail base across Greece and SEE.

Direct peers

• Pancreta Bank: Greek regional commercial bank (formerly Cooperative Bank of Chania) serving SMEs, corporates, and individuals in Crete and Athens. Comparable to ABBank as a smaller Greek bank with corporate/shipping exposure and a limited branch footprint.
• Attica Bank: Smaller Greek commercial bank with a corporate and SME focus, broadly comparable in scale to ABBank and serving Greek corporates with lending, deposits, and treasury services. Most directly comparable private Greek peer in size and customer profile.
• Optima bank: Relatively new Greek commercial bank focused on SMEs, corporate, and affluent retail clients. Comparable to ABBank in being a sub-scale private Greek bank seeking share from system banks, with overlapping corporate lending and deposit products.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/aegean-baltic-bank-s-a-

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Aegean Baltic Bank