The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
100 jobs Number of planned job creations
Announcement Date
31 August 2005
Employment effect (start)
31 August 2005
Foreseen end date
Description
EPG Eurobank Ergasias, the third largest bank on the Greek market, plans to open a subsidiary in Poland and has already launched a recruitment drive. The bank plans to open 200 branches by 2008. The new financial institution will probably be named EPG Bank so as to avoid any confusion with Polish Eurobank and at the same time retain the name of the investor - the Swedish EPG group that has a 41% share in the Greek bank.
Sources
31 August 2005: Poland A.M.
Citation
Eurofound (2005), EPG Eurobank Ergasias, Business expansion in Poland, factsheet number 62174, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62174.
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