Postbank acquired the shares of Piraeus Bank Bulgaria

Postbank, part of Eurobank Group, completed yesterday the acquisition of Piraeus Bank Bulgaria (PBB), a key milestone in the Group’s strategy for the expansion of its international activities, focusing on markets where it is a market leader.  Pending the legal merger of the two banks, PBB will remain a subsidiary of Postbank. Eurobank Group is a regional banking group with Canadian and US funds as major shareholders.

Operational integration is expected to take place by the end of the year. Until its completion, the respective customers of the two banks will continue to be serviced at the current format:  Postbank’s customers will be serviced via Postbank’s branch network and electronic channels, while PBB’s customers will be serviced via PBB’s branch network and electronic channels. Common products and services for both banks’ customers are being developed and an innovative digital application – the chatbot EVA 2.0, will be launched in the coming weeks to answer to customers’ questions. Upon completion of the legal merger, the systems and processes of the two banks will gradually be integrated.

Full information about the key dates in the merger process of Postbank and Piraeus Bank Bulgaria will be promptly published on www.postbank.bg and www.piraeusbank.bg. Customers of both banks will receive clear and timely information on the process and updates on the banks’ service.