CrediaBank has completed the acquisition of 70% of Pantelakis Securities S.A., following the agreement signed on May 11 and after receiving all required regulatory approvals and fulfilling the remaining conditions. With the transaction now finalized, the brokerage firm officially joins the Bank’s Group and continues its operations under the new corporate name “CrediaPantelakis Investment Services S.A.” This move sets the stage for the company’s further growth and strengthens its presence in the Greek capital market, building on a series of strategic moves made by CrediaBank in recent years.
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CrediaBank’s 70% acquisition and a new era for Pantelakis
The completion of the deal opens a new chapter in the long history of Pantelakis Securities, which now comes under CrediaBank’s control with a 70% stake and adopts the new corporate name “CrediaPantelakis Investment Services S.A.” The acquisition agreement was signed last May, with finalization following after all necessary regulatory approvals were secured. Integrating the brokerage firm into the banking group creates the conditions for its further expansion and a stronger footprint in the Greek capital market. The transaction was completed at a time when Pantelakis is reporting strong revenue and profitability. In the first half of 2026, the company’s turnover reached €3.65 million, up from €3.07 million in the same period of 2025, marking an increase of approximately 19%. Pre-tax profits rose to €1.264 million from €971,982, while net profits climbed to €913,435 compared to €849,116 in the first half of the previous year.
Financial performance at a glance
The improved results in the first half of 2026 follow the strong surge in activity already recorded in 2025. Pantelakis’ turnover that year reached €6.09 million, up from €3.40 million in 2024 — nearly doubling in size. Despite this sharp revenue growth, profitability had declined, with pre-tax profits falling to €599,111 from €2.70 million and net profits dropping to €467,409 from €1.92 million. The first-half 2026 figures signal a clear reversal of that profitability trend, with both pre-tax and net profits improving compared to the same period of 2025. The acquisition is therefore completed at a time of rising revenues, with the company now continuing its operations as part of the CrediaBank Group.
The moves that came before
The acquisition of Pantelakis is the latest in a series of significant corporate developments for CrediaBank. The process began with the merger of the then-Attica Bank and Pancreta Bank, which was completed at the corporate level in September 2024, followed by the operational integration of the two banks in 2025. In December 2025, CrediaBank signed a definitive agreement to acquire a 70.03% stake in HSBC Bank Malta for €200 million, a move that extends the group’s reach beyond Greece and broadens its business base. This was followed in May 2026 by the announcement of a share-swap agreement to acquire Evropi Holdings, aimed at further expanding the group’s presence in financial and insurance services. Now added to this track record is the completed acquisition of 70% of Pantelakis and its integration into the group as CrediaPantelakis.
