a) retail banking

b) corporate banking

c) investment banking

d) leasing services

e) factoring

f) payment card services

g) financial services

h) asset management

Article 6 of Law 3959/2011

Operative part of the Decision

The Hellenic Competition Commission, in Chamber sitting, unanimously approves the notified concentration pursuant to Article 8(3) of Law 3959/2011 concerning, on the one hand, the merger between “PANCRETA BANK S.A.” and “ATTICA BANK S.A.”, by acquisition of the former by the latter company, and, on the other hand, the acquisition of sole control by “THRIVEST HOLDING LTD” over “ATTICA BANK S.A.” after the completion of its merger with “PANCRETA BANK S.A.” as, although falling within the scope of Article 6 (1) of the Greek Competition Act, it does not raise serious concerns as to its compatibility with competition rules in the individual markets concerned.

1. ATTICA BANK S.A.
2. PANCRETA BANK S.A.
3. THRIVEST HOLDING LTD

There are no affected markets at a horizontal and/or vertical level in the concentration considered. In particular, the combined market shares of ATTICA BANK S.A. and PANCRETA BANK S.A. are significantly below the 15% threshold in all the markets where there are overlaps of their business activities.

The concentration is not expected to lead to any vertical relationships between the parties, as the activities of one party to the transaction are not carried out in an upstream or a downstream market as compared to the activities of another party to the transaction.