2006 The Greek Marfin Investment Group acquired HSBC's shares in Laiki Bank, establishing a strong minority share position.
Its main creditors are Alpha Bank, Cyprus Popular Bank, Eurobank EFG, and National Bank of Greece, and the company has now reached an agreement for a new 2 million euro loan from the banks to allow it to maintain its activities during its recent economic problems.
Cyprus | World Bank | Bank of America | West Bank | Deutsche Bank | Bank of England | International Bank for Reconstruction and Development | African Development Bank | Asian Development Bank | Inter-American Development Bank | Union for a Popular Movement | bank | South Bank | Lloyds Bank | popular culture | Lloyds Bank (historic) | European Bank for Reconstruction and Development | Turkish invasion of Cyprus | National Australia Bank | Chase (bank) | West African Development Bank | State Bank of India | Popular Democratic Party | Canadian Imperial Bank of Commerce | Royal Bank of Canada | Popular Mechanics | Commonwealth Bank | Bank of New Zealand | Bank of Montreal | Bank for International Settlements |
It was formed by the consolidation of Marfin Investment Group's Egnatia, Laiki and Marfin Banks and was a 95%-owned subsidiary of Marfin Popular Bank (later renamed to Cyprus Popular Bank).