Emporiki Bank of Greece S.A. · Athens Greece ·(Athens: TEMP)
Company Description
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This link will open in a new window Emporiki Bank of Greece is the nation's fifth-largest bank. The bank offers traditional financing and banking services, including investment banking, asset management, securities portfolio management, leasing, venture capital, and insurance products. Emporiki has about 370 branches in Greece, plus some 55 in Albania, Bulgaria, Cyprus, London, and Romania. Founded in 1907, the bank is part of the Emporiki Bank Group, which is made up of about two dozen companies offering a wide array of financial services -- from real estate development and management to consumer credit and vehicle leasing -- to customers both private and corporate. France's #1 bank Crédit Agricole owns about 72% of Emporiki. To read the full description, subscribe now.
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Key Emporiki Bank of Greece S.A. Financials
| Company Type | Public - Athens: TEMP Headquarters |
| 2008 Sales (mil.) | $1,104.2 |
| Employees | 5,506 |
Emporiki Bank of Greece S.A. Executives
36 executives listed for Emporiki Bank of Greece S.A.'s Athens, location.
| Title | Name & Bio | Contact |
| Chairman | Jean-Frédéric de Leusse | Network |
| Vice Chairman and CEO | Alain Strub | Network |
| CFO | Vincent Julita | Network |
Competition
Competitive Landscape for Emporiki Bank of Greece S.A.
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Emporiki Bank of Greece S.A. Competitors
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