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The election results are as follows:

Total votes: 2,439,320
Valid: 2,432,186
Invalid: 7,134
Blank: 754

Candidates for Full-Time Executive Members

The first two candidates in order of preference are elected to the new Board of Directors.

Alternate Members:

 Zymvragoudakis Dimitrios, son of Theologos

Epanomeritakis Georgios, son of Ilias

Other Candidate Members

The first eleven candidates in order of preference are elected to the new Board of Directors.

Alternate Members:

Alexandros Perivolakis, son of Vasileios

Iosif Chiotakis, son of Iosif

The new Board of Directors will convene to form a body on Monday, October 20, 2025.

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For several years, the Cooperative Bank of Chania has consistently demonstrated outstanding financial performance, managing to respond solely through its own resources to the successive crises that have radically reshaped the Greek banking landscape over the past fifteen years. The Bank maintains a consistently healthy financial structure and a strong capital base while remaining steadily profitable.

The Bank has been and remains adequately capitalized, with a Capital Adequacy Ratio standing at 16% as of 31.12.2024, well above the minimum regulatory requirement set by the Bank of Greece. At the same time, the Bank’s liquidity ratio is more than double the regulatory minimum. Consequently, the Bank continues to enjoy the trust of the investment community, a fact that was recently reaffirmed by the immediate oversubscription of its Tier 2 Subordinated Bond issuance.

With strong capital adequacy indicators, under the supervision of the Bank of Greece, in strict compliance with the regulatory framework, and with the support of our members, partners, and staff, we will continue to work with consistency and stability toward the further strengthening of our Bank.

We reserve all legal rights regarding such publications, which aim to undermine the credibility of the Bank, but also harm our depositors, our employees, the Greek banking system as a whole, and the local economy and society that the Cooperative Bank of Chania has unwaveringly supported since its establishment.

The post The Cooperative Bank of Chania is Capital-Strong and Shielded – Response to Recent Publications appeared first on Chania Bank.

In this context, it is implementing the “Digital School by Bank of Chania” program. This initiative involves the donation of digital equipment to modernize Greek schools, promoting new and innovative learning methods that encourage interactive student participation in the classroom while enhancing their digital skills.

Specifically, the Cooperative Bank of Chania is donating 200 desktop computers to schools in Crete. Today, the first 40 computers were delivered to 20 schools, with the remaining units to be donated in the near future.

Looking to the future, the Cooperative Bank of Chania supports the new generation in building the skills needed for tomorrow. A future that must focus on sustainable development and innovation, key pillars that the bank has highlighted through two important corporate social responsibility programs. The “Green School by Bank of Chania” program, which promotes best practices related to the environment, society, and corporate governance, is already being implemented successfully.

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The Bank offers the new financing tools of TEPIX III to very small, small, and medium-sized enterprises, supporting their investment plans and providing liquidity with favorable terms, reduced collateral requirements, and interest rate subsidies.

TEPIX III Loan Fund

The Cooperative Bank of Chania participates in the “TEPIX III Loan Fund,” providing loans with favorable terms to meet the financing needs of businesses based in Greece, aiming to strengthen their productive activities and enhance their competitiveness. This initiative involves offering new loans with favorable terms to SMEs for their financing needs (investment loans and working capital to expand and develop business activities), funded by both the Bank and the Co-Financing Fund managed by HDB. These are fixed-term loans with a preferential interest rate. Forty percent of the loan amount funded by the Fund is interest-free, while for the Bank’s interest rate applied to 60% of the loan amount, the following conditions apply:

– A reduction in interest rate of at least 25 basis points compared to similar financing without public support.
– A two-year interest rate subsidy of 3% annually (subject to conditions).
– Reduced collateral requirements.

TEPIX III Guarantee Fund

The Cooperative Bank of Chania also participates in the “TEPIX III Guarantee Fund” for providing guaranteed loans with favorable terms to SMEs based in Greece to cover working capital needs (fixed-term and revolving credit) and investment loans, following the submission of a business plan.

The Guarantee Fund consists of two sub-programs/sub-funds depending on the characteristics of eligible businesses:

– The “General Entrepreneurship” sub-fund, targeting SMEs.
– The “Startup Entrepreneurship” sub-fund, targeting very small and small businesses up to five years old.

Loans under the “General Entrepreneurship” sub-program will be guaranteed by the Guarantee Fund at 70%, while loans under the “Startup Entrepreneurship” sub-program will be guaranteed at 80%. The Fund will provide an interest subsidy of up to 3% for the first two years of financing for businesses meeting specific criteria, as well as a zero guarantee fee.

Application Process for the TEPIX III Loan and Guarantee Funds

Eligible businesses can submit an electronic application through:

A) The Hellenic Development Bank’s KYC (Know Your Customer) platform at www.hdb.gr, selecting the Cooperative Bank of Chania as the partnering bank. For each completed application, after eligibility assessments, the application is forwarded to the Bank. If the application is initially accepted, a non-binding offer is issued, and a unique code is generated.

B) The Integrated State Aid Information System (OΠΣΚΕ) at https://app.opske.gr/, where the unique application number from the KYC platform must be entered for the business to continue the submission and completion of the electronic application with the Bank that issued the non-binding offer.

For information and appointments, contact the Bank’s Branch Network and ATMs.

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Chania Bank selected the OTE Group in order to strengthen its effectiveness and fortify its operations, in accordance with the needs of the new digital era. The project concerns the telecommunications infrastructure upgrade of the central offices and branches of the bank, while also strengthening its IT and network systems’ cyber security.

The new infrastructure will improve the daily life of employees and customers of Chania Bank, by providing higher connection speeds, more efficient operation, and better quality of services. Furthermore, COSMOTE’s Cyber Security Solutions will enhance the mechanisms protecting the bank’s systems and applications.

This three-year project includes the replacement of network, data, and voice equipment, both at the Bank’s central offices, and at its ATMs and branches, upgrading the call centre, implementing IP telephony, Wi-Fi networks, and technical support. Respectively, COSMOTE’s advanced Cyber Security Solutions will cover the Bank’s needs for increased network and IT infrastructure security (Servers, Data Centre, Work Stations, and the Cloud), while also strengthening the security levels of the Bank’s online communication with its customers.

The IT Manager of Chania Bank, Mr. Sifis Koutroumpas, stated: “The Cooperative Bank of Chania always wants to be on the cutting edge of technology, with the goal of offering high quality services for its clients and employees and security in their transactions. Together with the recent launch of our new web banking and mobile banking services, we searched for the right partners, with experience, expertise and determination to help us take the Cooperative Bank of Chania to the forefront of technology in network, telecommunications and cyber-security infrastructure. We decided to partner with the OTE Group with no hesitation.”

The OTE Group’s Large Enterprises & SME Sales Director Mr. Dionyssis Velonias-Belonias stated: “We develop specialized communications and Information Security solutions that can be adjusted to every customer’s needs, even in vertical markets such as the banking sector. Our many years of experience in implementing complex projects, in combination with our innovative IT solutions, has established us as a reliable partner for every business who wants to accelerate its digital transformation”.

Having implemented large and complex telecommunications and ICT projects, the OTE Group has the size and know-how in navigating any business and organization, in Greece or abroad, through the new digital era. The Group specializes in providing integrated solutions for health, tourism, ΙΤ infrastructure, data centres, cybersecurity, the cloud, and the Internet of Things.

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In particular, our Bank proceeded on Monday, 26 April 2021 and M. Tuesday, 27 April 2021 to the distribution approximately 5 tons of lamb to the following social structrues, who in turn distributed the meat to our fellow human beings in need. In particular, the entities to which the products were offered are:

1. Holy Archdiocese of Crete
2. Social grocery store of the Municipality of Chania
3. Social grocery store of the Municipality of Platanias
4. Social grocery store of the Municipality of Apokoron
5. “Kytaro” social grocery of Halepa
6. Central common meals of the Holy Diocese of Kydonia & Apokoronou
7. Annousakio Institution
8. Association for the poor, common meals of Splantzia
9. Holy Church of Agios Nektarios Pachia
10. Holy Church of Agios Georgios Katsifariana
11. Agios Konstantinos and Eleni Nea Chora Holy Church
12. Holy Metropolitan Church of the Virgin Mary
13. St. Charalambos Ledariana Holy Church
14. Agios Fanourios Kalamaki Holy Church
15. Holy Church of Agia Paraskevi Perivolion
16. Holy Church of Agioi Anargyri
17. Parish Center of Agios Nikolaos Soudas
18. Parish of the Reform of the Savior of Perivolia
19. Regional Department of Chania Hellenic Red Cross
20. Friends and Volunteers of the Municipal Nursing Home of Chania and the Third Age
21. Department of Social Solidarity of The Regional Unit of Chania
22. “Synanthropos” Support Group

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Specifically, 15.000 certified masks were delivered today to the General Hospital of Chania for the protection of medical and nursing staff.

The President of the Cooperative Bank of Chania, Mr. Michael Marakakis, in a relevant statement states:

“The whole country has entered an unprecedented and difficult battle against COVID-19. We must all together, state, institutions, businesses and citizens unite our forces to win the battle with as few losses as possible. Our Bank, reaffirming once again its social role, will contribute to the maximum extent of its potential in the collective national effort to deal with the pandemic in our country”.

The Cooperative Bank of Chania thanks the officials of the National Health System for their effort so far and wishes them all the best in the commendable work they perform.

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From 15/04/2020 until 15/05/2020 there will be absolutely no charge to the following electronic transactions:

• Transfers to account held at another bank
• Payments of bills
• Credit card payments from another bank

This action of corporate social responsibility and customer-driven policy facilitates daily financial transactions and provides an additional incentive to conduct them electronically instead of having a physical presence in stores.

Customers of the Bank who wish to register in the Chania eBanking service can electronically submit the relevant registration application available on the Bank’s website www.chaniabank.gr.

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The Cooperative Bank of Chania understands its role as that of an active citizen. It is an inherent part of the local community and thus it constantly undertakes actions aimed at supporting the local community and economy. The Bank will continue to be in solidarity with all vulnerable social groups but also with society as a whole.

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