ACHAIA CO-OPERATIVE BANK Co-op. LL
website: www.acbank.gr
e - mail: info@acbank.gr

Achaia Co-operative Bank, having functioned initially as Credit Cooperative, in less than 1½ years evolved into Co-operative Bank and from December 1 st, 1994, began its operation as a Credit Institution.

After a fruitful 10 years of operations, the development, the sizes and the results of Achaia Co-operative Bank vindicated the expectations of those who had the initiative to establish it. An initiative, which helps and stimulates the economy of Achaia County and at the same time, contributes substantially in the growth and improvement of the economic life of its residents.

Through a network of six branches, located in the Achaia County and the plan to operate one more during 2004, the Achaia Co-operative Bank provides competitive banking products adapted to the needs of its members and at the same time ensuring a good dividend for its investors and a substantial interest to its depositors.

Achaia Co-operative Bank has founded two affiliated companies, the Achaia Insurance Monoprosopi LTD and the Achaia Co-operative SA of Receiving and Dispatching of Stock Exchange Commands, with satisfactory results for the first one and expectation for retortion during the difficult economic situation for the Stock Exchange business, for the second one.

Achaia Co-operative Bank played a leading role in the foundation of Panellinia Bank SA and participates in its capital with a significant share, aspiring to important collaborations with it.

In its direct priorities, is the integration in the electronic interconnection with other Co-operative Banks via Panellinia Bank S.A, to offer new modern banking services such as e-Banking, DIAS and also the issuance of debit and credit cards, which will help to improve, even more, its image and its efficiency.

Board of Directors
1 E. FLORATOS Chairman
2 N. DOUROS Á' Vice- Chairman
3 P. ATHANASIOU B' Vice- Chairman
4 G. KEPENOS C' Vice- Chairman
5 A. MANOLOPOULOS Secretary
6 P. MARLAFEKAS Cashier
7 S. PAPADOPOULOS Member
8 T. PAPADOPOULOS Member
9 I. GEORGIOPOULOS Member

  Branches Address Tel. Fax
1 Central Michalakopoulou 66, Patra 262 21 2610 240800 2610 240825
2 Dioikisis (Acrotiriou) L. Glafkou 93, 263 32 2610 638300 2610 368329
4 Riou Athinon 7, Rio 265 04 2610 910120-5 2610 910121
5 Ellinos Stratiotou Larnakos 3, Patra Ô.Ê. 264 41 2610 420068 2610 430605
6 Egiou Asimaki Fotila & Perikleous 1, Egiou 251 00 26910 61981-2 26910 61983
7 Egiras Achaikis Sympolitias 77, Egira 250 10 26960 39080 26960 39081
8 Kato Achaias Patron - Pirgou 63 26930 25900-2 26930 25903
9 Pirgou T. Petropoulou 1, Pirgos Ilias 271 00 26210 21888 26210 28435
10 Vardas PEO Patron - Pirgoy 98, 27052 26230 75895 26230 75896
11 Zakinthou K. Lomvardou 48, 29100 26950 25570 26950 25574
12 Nafpaktou Plateia Pia, 30300 26340 24101 26340 28141
13 Samis M. Alexandrou 7 26740 23010 26740 22310

Development of financial ant other data (in mil. €)
  1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Assets 28,10 38,79 52,08 58,12 78,14 94,69 122,47 156,68 214,58 248,17 307,75 299,74
Loans 20,72 26,82 36,55 47,52 62,10 80,22 99,61 125,35 166,98 195,30 210,23 225,27
Deposits 16,51 16,71 26,85 33,02 48,93 63,07 88,86 120,39 164,68 183,17 240,63 237,56
Equity capital 10,56 19,82 21,52 23,43 26,40 28,05 29,93 31,5 33,56 33,56 34,69 34,77
Co-operative capital 6,47 13,06 13,77 14,41 15,26 15,56 15,66 15,66 15,66 15,13 15,13 15,13
Profit before taxes 1,24 1,25 1,51 1,68 2,14 2,50 3,18 3,9 4,51 3,42 2,35 0,85
Branches 2 2 3 4 5 6 8 9 10 11 12 12
Personnel 20 22 31 39 45 52 59 73 88 102 99 100
Members 4.573 5.179 6.422 7.718 9.106 10.103 11.323 12.372 13.482 14.212 14.586 14.968