eBanking
eBanking

Group of Companies

Learn more about the companies of the Cooperative Bank of Chania Group

With the goal of supporting and developing the local economy and entrepreneurship, the Chania Cooperative Bank has invested in some of the most significant sectors of the Cretan economy, such as the development, utilization, and exploitation of real estate, the processing, promotion, and marketing of agricultural products, the exploitation of renewable energy sources, and the creation of new infrastructure for businesses.

During the past year, the Bank undertook a series of actions aimed at strengthening its affiliated companies, achieving economies of scale, reducing operational and administrative costs, with the objective of increasing their profitability and maintaining job positions. Notably, the merger of ABEA with BIOCHYM was completed, the absorption of KRITIKES SYMMETOCHES S.A. by the Bank began, and the establishment of ZYMELIA S.A., a new company focused on dough-based products, was designed. As a result, the current structure of the Bank Group is as follows:

Specifically:

Kritika Akinita S.A.

Founded in 2000 and based in Chania, Kritika Akinita S.A. operates in the real estate sector, providing services that cover the full spectrum of property acquisition, development, and management in Crete. It holds a diverse portfolio of properties and, in 2024, significantly reduced its bank borrowing, with total assets exceeding €18 million.

Chania Real Estate Investment Company S.A.

Established in December 2023 and based in Chania, this Real Estate Investment Company focuses on the management of real estate assets. It operates under a strict legal framework and is supervised by the Ministry of Economy and Finance and the Hellenic Capital Market Commission, with a requirement to be listed on the Athens Stock Exchange within two years. The company holds a property portfolio valued at over €36 million and carries no bank debt. In 2024, its first year of operation, it reported after-tax profits of €756,000.

ABEA – BIOCHYM

Founded in 1889, the “Anatoli” Industrial Company (ABEA) is active in the standardization and marketing of olive oil, the production and sale of soap and cosmetics, and the refining of olive oils and pomace oils.
BIOCHYM, which was recently absorbed by ABEA, was the first juice extraction industry in Greece, engaged in the processing and packaging of citrus juices.
The Bank holds 71.97% of the newly formed ABEA – BIOCHYM. In 2024, the company reported after-tax profits of €2.1 million.

PRIME ENERGY S.A.

The Bank owns 100% of Prime Energy, a company engaged in the study, licensing, construction, and maintenance of photovoltaic parks. In addition to its construction activities, the company operates privately owned photovoltaic parks with a total capacity of 2.1 MW and holds two biogas licenses in the region of Crete. In 2024, it reported profits of €440,000.

ETANAP S.A.

The Bank holds a 27.76% stake in ETANAP S.A.
Established in 1978 and operational since 1980, ETANAP is a widely held public company that bottles and distributes SAMARIA and LEFKA ORI water from the Stylos springs in Chania.
In recent years, ETANAP has made significant investments, creating one of the most modern water bottling plants in Greece, upgrading its services, increasing production, and expanding its sales network nationwide. In 2024, after-tax profits amounted to €3.8 million, with the company consistently delivering high dividend yields.

EPICHIPA (Chania Business Park S.A.)

In cooperation with the Chania Chamber of Commerce and Industry, Kritika Akinitá S.A. participates in the company “EPICHEIRIMATIKO PARKO CHANION S.A.” (Chania Business Park S.A.). The construction of a new business park of medium and low nuisance activity has just been completed on a privately owned area of 515 stremmata (approx. 127 acres) in the Malaxa area of Chania Municipality. This new facility addresses the need for a modern and organized hub for local entrepreneurship. It is a flagship project for Crete, co-funded by the European financial program “Jessica”.

MESOGIOS

For 25 years, MESOGIOS has been consistently and passionately active in the field of solid waste processing, sanitary landfill development, urban wastewater treatment, desalination, water recovery and recycling, and water resource management — all activities that contribute to environmental protection.