Chania Bank Launches Strategic Investor Process
[1m 4s read]
The Cretan lender, supported by PwC, is preparing a capital increase and seeking a strategic investor to accelerate growth, strengthen its balance sheet and expand financing for SMEs across Greece.
Chania Bank has entered a decisive phase of its transformation strategy, advancing plans designed to strengthen its capital base, modernize its operating model and support its long-term growth ambitions on a national scale.
As part of this process, the Bank has appointed PwC to coordinate the advisory process for attracting a strategic investor in connection with a planned share capital increase. The initiative has already attracted significant interest from investment groups in Greece and abroad, reflecting confidence in the Bank’s prospects and its evolving role within the Greek banking sector.
At the heart of the strategy is the creation of a stronger financial institution with enhanced lending capacity, capable of supporting small and medium-sized enterprises and contributing to the growth of the real economy. The Bank is also moving forward with plans to convert into a public limited company (S.A.), a development expected to reinforce its growth trajectory and governance framework.
According to the current timetable, non-binding offers are expected by the end of November, after which proposals will be evaluated based on financial strength, strategic fit and the ability to contribute meaningfully to the Bank’s long-term development objectives.
Through the support of PwC and the implementation of a broader transformation agenda, Chania Bank aims to establish the conditions necessary for stronger capitalization, sustainable growth and a more active role in financing entrepreneurship across Greece.
In the announcement that follows, the Bank outlines the next steps in the investor selection process, the framework of the planned capital increase and its vision for the next chapter of its development.
