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Group of Companies

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

Over the years, the Cooperative Bank of Chania has invested through its Group of Companies operating across various sectors of the economy, supporting local entrepreneurship during challenging times while simultaneously building strong assets that will contribute to the Bank’s capital strength.

In 2025, the merger of ABEA and BIOCHYM was completed, the Bank absorbed “KRITIKES SYMMETOCHES SINGLE-MEMBER S.A.”, and “ZYMELIA SINGLE-MEMBER S.A.” was established, operating in the dough products sector.

The current structure of the Bank’s Group is as follows:

Chania Real Estate Investment Company S.A.

Established in December 2023 and headquartered in Chania, “Chania Real Estate Investment Company S.A.” operates in the field of real estate development and management. The company operates under Law 5193/2025, which reformed the institutional framework governing Real Estate Investment Companies (REICs) in Greece. Such companies benefit from a range of significant tax advantages, making them an attractive vehicle for real estate investment, both for investors and for the broader economy, while contributing to the development of the real estate market and attracting capital to the sector.

The company is supervised by the Ministry of Economy and Finance and the Hellenic Capital Market Commission and is required to be listed on the Athens Stock Exchange within two years.

Today, the company holds a real estate portfolio valued at over €40 million, has no bank debt, and has recorded significant profitability since its first year of operation.

PRIME ENERGY S.A.

In the renewable energy sector, the Bank owns 100% of Prime Energy, a company engaged in the design, licensing, construction, and maintenance of photovoltaic parks.

In addition to its construction activities, the company currently operates its own photovoltaic parks with a total installed capacity of 2.1 MW. The selling prices of the electricity generated and supplied to HEDNO range from €0.24 to €0.48 per kWh, while the guaranteed power purchase agreements remain in effect until 2033.

ABEA – BIOCHYM

Established in 1889, (ABEA) οperates the largest olive pomace processing plant in Crete and one of the largest in Greece. The company has a significant presence in the trading of olive pomace oil, the bottling and packaging of olive oil, as well as the production and marketing of soaps and cosmetic products.

BIOCHYM, which was absorbed and now operates as a business division of ABEA, is engaged in the production of juices from Cretan citrus fruits. Over the past year, Zymelia has also joined the group, operating a production facility for dough products and traditional Cretan products.

Kritika Akinita S.A.

Kritika Akinita S.A. established in 2000 and headquartered in Chania, provides integrated real estate development, utilisation, and property management services and serves as the principal vehicle for the Cooperative Bank of Chania Group’s presence in the real estate sector.

The company holds a diversified real estate portfolio comprising urban properties, land plots intended for future development, prime land suitable for holiday-home development, as well as large land areas suitable for private urban development.

EPICHIPA (Chania Business Park S.A.)

In cooperation with the Chania Chamber of Commerce and Industry, Kritika Akinita S.A. holds a 40% stake in Chania Business Park S.A.

The construction of all infrastructure works has now been completed on a privately owned 515-stremma site in the Malaxa area of the Municipality of Chania. The formal certification of completion is pending, following which the sale of land plots to businesses for relocation is expected to commence.

The project involves a new business park designed for medium- and low-impact activities, addressing the need for a modern and organised location to accommodate and support local businesses.

ETANAP S.A.

The Chania Bank  Group holds a 27.76% stake in ETANAP S.A.

The company was established in 1978 and commenced operations in 1980. It is a widely held company with a broad shareholder base that bottles and distributes SAMARIA and LEFKA ORI water, sourced from the springs of Stylos in Chania.

It should be noted that the Bank has initiated the process of divesting its stake in ET.AN.AP., as this investment has generated significant unrealised gains for the Bank’s Group.