The Emporiki Bank is a Greek bank. Its headquarters is in Athens, and the bank has 370 branches across Greece. The bank has most of its subsidiaries in Cyprus.It also has subsidiaries in Albania, Romania and Bulgaria, and a branch in London that also manages a financing subsidiary. The bank is one of the 500 largest banks in the world. In August, 2006, the French bank Crédit Agricole, acquired 67% of its capital and now controls Emporiki. The Commercial Bank of Greece was established in 1907 and two years later listed on the stock exchange. After World War I, in 1922, CBG established... and took a major position in Commercial Bank of the Near East in London with CBG as a major shareholder. CBG expanded its international operations further by opening a branch in Alexandria in 925, and another one in Cairo later. After the Suez Canal invasion, Egypt nationalizes the operations of British and French banks. To avoid nationalization, in 1957 Commercial Bank of the Near East, which was incorporated in London, transferred its branches in Egypt to Commercial Bank of Greece.
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