Mihalis Sallas a strategic investor in Pancretan Bank

Mihalis Sallas is officially a strategic investor in Pancretan Bank after Lyktos Participations SA completed payment to buy a 21.50 pct of the cooperative bank’s equity capital.

Lyktos Participations participated in a share capital increase plan by Pancretan Bank, after concluding a due diligence – AQR based on a memorandum of understanding signed between the two parties in November 29, 2016.

Pancretan Bank’s board unanimously accepted the strategic investor’s participation in the bank. This agreement is expected to signal a new dynamic course of Pancretan Cooperative Bank in the future.