The story behind Attica Bank, the non-systemic lender thrust into the spotlight

EconomyBanking Tags: Banking
Photo via Flickr https://flic.kr/p/4hVnhM
Photo via Flickr https://flic.kr/p/4hVnhM

Attica Bank finds itself in the frontline of Greek political and banking developments after the Bank of Greece (BoG) rejected the nominations for the top positions, including the chairman and CEO, at the lender.

Following the last round of consolidation in the domestic banking system in 2012-2013, Attica was the only Greek bank that remained along with the four systemic banks from the more than 15 banks that operated in the market previously.

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