Honorary Piraeus Bank chairman Michalis Sallas, one of Greece’s best known banking executives, has emerged as a strategic investor in the Pancretan Cooperative Bank, following a completion of mandatory audits by regulatory bodies.
Sallas’ Lyktos Participations S.A. announced its participation in the small bank’s share capital to the tune of 21.5 percent of the latter’s total.
A final decision depends on approval by the Bank of Greece.
Both sides, Pancretan and Lyktos, signed a MoU last November.
