On 15 February 2007 the Competition Committee was notified of the concentration, through which the bank with the corporate name "ΑSPIS BANK SA" and distinctive title ΑSPIS BANK acquired control of the business of the bank under the corporate name "FBB -First Business Bank SA" and distinctive title FBΒank, through a purchase of 51% of the share capital and votes of the said bank by the Restis family.
FBΒank is active in the banking products and services and especially in the provision of banking services to big and medium businesses and the provision of banking services to individuals and businesses, with an emphasis in the sectors of shipping and tourism. The expansion of FBBank''s services and products to individuals started in 2005 with an expansion to retail banking. FBΒank''s branch network consists of 15 branches throughout Greece. The Agricultural Bank of Greece owns the remaining 49% of the share capital and voting rights of FBBank.
ASPIS BANK is active on all sectors of commercial banking. In particular, the most important existing sectors of activity of Aspis Bank are retail banking (housing, consumer, small and medium enterprises) and business banking (corporate financing). ASPIS BANK is also active in capital markets (broker services, receipt and execution of orders, custody services and other). ASPIS BANK''s branch network consists of 69 branches throughout Greece.