Our Site is currently undergoing a major upgrade and we anticipate to be back to normal fairly soon...
The Cooperative Bank of Lesvos - Limnos was founded in the year 1995 as Credit Institution in accordance to the law No. 1667/86 and advanced into a Banking Institution in accordance to the law No. 2076/92 in April 1999 getting granted the authorization after the accumulation of the necessary capital of 3,522,000.00 €.
The Head Office is in Mytilene as well as two main offices in Kalloni and Myrina of Limnos. There are eight more branches in Plomari, Eresos, Petra, Mesotopos, Papados (Gera), Pano Skala district of Mytilene, Agiasos and Polichnitos.
The bank's Directors Board consists of 9 members and is elected every three years. The last elections took place in 25th May 2008, having the following council in charge:
PATESTOS APOSTOLOS, CHAIRMAN
PANAGIOTELLIS DIMITRIOS, A' VICE-CHAIRMAN
KANTARAS IOANNIS, Â' VICE-CHAIRMAN
KOUFELOS PANAGIOTIS, GENERAL SECRETARY
KALOGRIDIS THRASYVOULOS, VICE-SECRETARY
ZAFIRIOU PANAGIOTIS, CASHIER
GALANOU MARIANTHI, VICE CASHIER
GOMOU PROTOGERAKI KALLIOPI, BOARDMAN
KYRATZIS EYSTRATIOS, BOARDMAN
During 2010 the bank's partners reached 5991 people and its capital at 8,735,000.00.
By reaching the target of 12 millions - capital the bank will be granted to expand its network in the North Aegean region (Chios and Samos prefectures).
The bank currently employs 37 people who have been selected after examinations and two contract consultants.
The Cooperative Bank is subordinated by the Bank of Greece and is inspected by Chartered Accountants.
The bank is a member of the Hellenic Cooperative Banks Unity for the Institution's projection and also the assertion and the solution of the several issues regarding the Cooperative Banks.
The bank is also a member of Panellinia Bank with 0.6% in which the partners can carry out all major banking transactions.
The bank has founded in 2005 the development company SYNEBA S.A. in a partnership with the University of Aegean.
Advantages of the Cooperative Bank of Lesvos and Limnos
Recycling of the local savings in the Province of Lesvos.
Very good knowledge of the local market and its special conditions.
The Administration of the Cooperative Bank consists of local people being familiar with the borrowing needs of the members.
The decisions of the Directors Board are made quickly providing flexibility and effectiveness.
Low operational cost.
Risk elimination on loans management due to the good knowledge of the market.
Profitable management policy (Share dividend + surplus value of the shares)
High interest rates for deposits.
Low loan interest rates.
Easy access into the Banking System for the new small and average -size businessman and the low-budget consumer as well.
Banking - Business - Infrastructure
Modern banking system (Profits of Intracom) that was also chosen by the major Cooperative Banks in Greece.
Issues Letters of Guarantee on very good terms in comparison with the rest of the Banks.
Foreign Currency Exchange Management with very competitive buying and selling rates.
Collaboration with the Agricultural and Cooperative Insurance Companies to provide all types of insurance to our members.
Payment of electricity, telephone and water company bills.
Shareholder of 67 million euros in the Panellinia Cooperative Bank, the bank that was formed by all the Cooperative Banks in Greece.
