Ergo Bank Sa - ERG- Profile

ErgoBank SA is a multi-branch commercial bank which provides depository, lending and related finacial services through its network of 134 branches in Greece, the Channel Islands and London. The bank is involved in securities trading through its wholly owned subsidiary Ergosecurities, computer technology services through Ergodata, equipment leasing through 62% owned Ergoleasing and portfolio management services through Ergoinvest and Ergo Mutual Funds. ErgoBank SA established a new vehicle hire and leasing company in 1999 named Autorental SA. In June 1999 EFG Bank Group along with Deutsche Bank increased it's existing holding in ErgoBank SA to 51%. Interest and fees on loans accounted for 50% of 1999 revenues; commission and fees, 14%; trading account income, 12%; interest on govenment securities, 7% and other interest and dividend income and other operating income, 17%.