Optima bank explained

Optima bank S.A.
Native Name Lang:	el
Type:	Anonymi Etairia
Industry:	Financial services
Predecessor:	Investment Bank of Greece
Founded:	^[1]
Foundation:	24 January 2000<
Location City:	Maroussi
Location Country:	Greece
Locations:	28 branches (2024)^[2]
Area Served:	Greece
Key People:	George Taniskidis (Chairman) ^[3] Dimitris Kyparissis (CEO)
Products:	Banking Financial services
Net Income:	€103 million (2023)^[4]
Assets:	€4.1 billion (1Q 2024)^[5]
Equity:	€543.1 million (2023)^[6]
Owner:	Ireon Investments Ltd (8.9%)
Num Employees:	512 (1Q 2024)^[7]
Ratio:	Common Equity Tier 1 =15.9% (Fully Loaded Basel III)^[8]
Subsid:	Optima Capital Optima Investments Optima factors Optima asset management AEDAK

Optima bank, is a banking and financial services institution in Greece, which apart from its full banking license, is also a member of the Athens Stock Exchange. It offers its customers, both retail and businesses, products and services according to their needs.

Optima bank HQ's are located in Maroussi^[9] of Athens (Aigialeias 32 and Paradissou street).

History^[10]

Optima bank was founded on 31 July 2019 through the transfer of Investment Bank of Greece shares to Ireon Investments, a member of Motor Oil Group (Hellas). To strengthen its capital base and support its development strategy, Optima bank implemented a share capital increase in 2021 along with utilizing other financial instruments such as the issuance of a convertible bond loan in 2022.

On top, in October 2023 the bank successfully completed a new capital increase via an IPO on the Athens Exchange being oversubscribed and with the participation of cornerstone investors.  

• On 2.10.2019 Investment Bank of Greece was renamed Optima bank.
• On 24.10.2019, Optima bank opened the first Optima bank branch in Psychiko.
• On 12.11.2020 Optima bank acquired 94.5% of Optima asset management AEDAK from Ireon Investments, increasing its holding to 99.4%.
• On 11.12.2020 Optima bank acquired 100% of Optima factors from Ireon Investments, a subsidiary of the Motor Oil Group.
• In January 2021 Optima bank completed the share capital increase 80 million euros.
• In December 2021 Optima bank completed the first profitable financial year.
• In October 2022 Optima bank completed a 60 million euro convertible bond loan issue.
• In October 2023 Optima bank completed a share capital increase of 151 million euros and listing of the bank to the main market of the Athens Exchange.

Bibliography

• IBOGGRAAXXX, published by TransferWise, "Optima bank..."

Notes and References

1. Web site: Trapeza Optima bank A.E. .
2. Web site: https://www.optimabank.gr/branch-network.
3. https://www.athexgroup.gr/alternative-sponsors-investment-bank-of-greece-sa Profile
4. Web site: Bank's financial data. www.optimabank.gr.
5. Web site: Bank's financial data. www.optimabank.gr.
6. Web site: Bank's financial data. www.optimabank.gr.
7. Web site: Bank's financial data. www.optimabank.gr.
8. Web site: Bank's financial data. www.optimabank.gr.
9. "Maroussi", in, Profile, published by Athens Exchange Group & (location) ENISA Athens office in Maroussi, Published by the European Union Agency for Cybersecurity - accessed 2020-01-26 ("location" using p.2 of "where is Maroussi")
10. Web site: The Company . 2022-12-27 . Optima bank . en.