# Proton Bank
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{{Distinguish|New Proton Bank|Proton (debit card)}}
{{Infobox company
| name = Proton Bank S.A.
| logo = ProtonBankLogo.JPG
| trade_name = Proton Bank
| native_name = Proton Τράπεζα Α.Ε.
| native_name_lang = el
| type = [Public Company](/source/Public_Company)
| traded_as = [Anonymi Etairia](/source/S.A._(corporation))
| industry = [Financial services](/source/Financial_services)
| fate =
| successor =
| founded = {{Start date|2001|6}} in [Athens](/source/Athens), [Greece](/source/Greece)
[{{cite journal|script-title=el:ΕΦΗΜΕΡΙΣ ΤΗΣ ΚΥΒΕΡΝΗΣΕΩΣ ΤΗΣ ΕΛΛΗΝΙΚΗΣ ΔΗΜΟΚΡΑΤΙΑΣ|date=9 October 2011|volume=2|issue=2246|language=el |journal=Gazette of the government of the Greek republic}}]
| founder = [John Markopoulos](/source/John_Markopoulos), Anthony Athanasoglou and [Elias Lianos](/source/Elias_Lianos)
| defunct = {{end date |2013}}
| hq_location_city = [Athens](/source/Athens)
| hq_location_country = [Greece](/source/Greece)
| num_locations = 27 branches
| area_served = Greece
| key_people =
| products = [Commercial bank](/source/Commercial_bank)ing, [Investment bank](/source/Investment_bank)ing
| owner =
| num_employees = 670
| num_employees_year = 2007
| parent =
| website = {{URL|www.proton.gr}}
}}
'''Proton Bank''' (in [Greek](/source/Greek_language) ''Proton Τράπεζα Α.Ε.'') was a [Greek](/source/Greece) [bank](/source/bank) that was established in 2001 and was taken over by the government in 2011. The bank offered private and corporate banking services.
The private banking division offers included deposits, [loan](/source/loan)s and [credit card](/source/credit_card)s, portfolio management, asset management, brokerage services and mutual funds. The corporate banking division offered working capital financing, customer-tailored loans, treasury products and brokerage services.
In 2011 Proton became the first Greek bank to be effectively nationalized after it fell under a bank rescue fund set up by Greece and its international lenders through the creation of [New Proton Bank](/source/New_Proton_Bank). The bank was wound up in 2013.[{{cite news |url=https://www.reuters.com/article/us-greece-banker-idUSBRE8BC18820121213 |title=Greek businessman arrested over Proton banking scandal |date=December 14, 2012 |publisher=Reuters}}]
== History==
The bank was established in 2001 as ''Τράπεζα Επενδυτικών Δραστηριοτήτων Α.Ε.'' and officially commenced its operations as a specialised investment bank in 2002.[{{cite news | title= Proton Bank: Σε συζητήσεις με την Hapoalim | date=13 Dec 2007 | publisher=Capital.gr | url =http://www.capital.gr/news.asp?details=410829 | language = el }}][{{cite news | title= Στο 35% της Proton Bank "στοχεύει" η Hapoalim | date=9 Jan 2008 | publisher=Capital.gr | url =http://www.capital.gr/news.asp?details=421262 | language = el }}][{{cite news | title=Aμεσα κλείνει το deal μεταξύ Hapoalim και Proton bank στα 10 ευρώ | date=18 Feb 2008 | publisher=Reporter.gr | url=http://www1.reporter.gr/default.asp?pid=16&la=1&art_aid=126924 | language=el | access-date=18 February 2008 | archive-url=https://web.archive.org/web/20080220230517/http://www.reporter.gr/default.asp?pid=16&la=1&art_aid=126924 | archive-date=20 February 2008 | url-status=dead }}] The agreement never concluded because of issues related to Israel's central bank.
In September 2008 Proton Bank's major shareholder IRF fund sold their shares to other shareholders and a few days later [Piraeus Bank](/source/Piraeus_Bank) started negotiations to acquire Proton
[{{cite news | title= PROTON:Αγοραπωλησία μετοχών από βασικούς μετόχους | date=25 Sep 2008 | publisher=Euro2day.gr | url = http://www.euro2day.gr/market_announcements/preannouncements/192/articles/373063/ArticleMarketAnnouncements.aspx | language = el }}]
[{{cite news | title= Τράπεζα Πειραιώς: Συμφωνία για το 26,98% της Proton Bank | date=13 Oct 2008 | publisher=Capital.gr | url = http://www.capital.gr/news.asp?Details=595802 | language = el }}]
. The agreement finalized in November 2008 with Piraeus Bank acquiring 31.31% of Proton's total shares.[{{cite news | title= Πειραιώς: Εξαγορά του 31,31% της Proton Bank | date=5 Nov 2008 | publisher=Capital.gr | url = http://www.capital.gr/news.asp?id=612051 | language = el }}]
In December 2009 pharmaceutical and media magnate Lavrentis Lavrentiadis acquired the Piraeus Bank owned 31.31% of shares, becoming major shareholder and president of the bank.[{{cite news | title= Στον Λαυρέντη Λαυρεντιάδη το 31,3% της Proton Bank | date=30 Dec 2009 | publisher=Capital.gr | url = http://www.capital.gr/news.asp?id=880444 | language = el }}][{{cite news | title= Proton Bank: Ο κ. Λαυρέντιος Λαυρεντιάδης νέος πρόεδρος | date=7 Jan 2009 | publisher=Capital.gr | url = http://www.capital.gr/news.asp?id=883534 | language = el }}]
In 2011 it came under investigation for [money laundering](/source/money_laundering) violations.
In October 2011 the bank's license was withdrawn and the bank was put into liquidation by recommendation of the [Bank of Greece](/source/Bank_of_Greece). The Greek Government used the provisions regarding credit institutions’ resolution to create a new "Good Bank" that received all the assets of Proton and called [New Proton Bank](/source/New_Proton_Bank). The new Good Bank also received the brand name Proton Bank and continued using the name for its operations until 2013.[{{cite web|title=Establishment of a new Proton bank with the Financial Stability Fund as its sole shareholder in implementation of Law 4021/2011 on the resolution of credit institutions|url=http://www.bankofgreece.gr/Pages/en/Bank/News/PressReleases/DispItem.aspx?Item_ID=3749&List_ID=1af869f3-57fb-4de6-b9ae-bdfd83c66c95&Filter_by=DT|accessdate=12 May 2013}}]
==Broking Services==
Proton Bank was a member of [Athens Stock Exchange](/source/Athens_Stock_Exchange), [EUREX](/source/Eurex) and [Cyprus Stock Exchange](/source/Cyprus_Stock_Exchange).
It was the first broker in Greece to establish and operate the [Reuters](/source/Reuters) Order Routing system in both modes, allowing Proton Bank to operate in Execution Venue Mode receiving orders directly on-line from foreign brokers for the Athens Exchange, as well as in Order Entry Mode placing orders directly on-line to foreign brokers, members of international exchanges.
==Business Game==
In February 2008 Proton Bank and Business Player magazine organized the first [business game](/source/business_game) in Greece. A number of magazine's subscribers were "contesting" in a virtual ATHEX stock market with a prize of the profits of their virtual portfolio.
==See also==
*[List of banks in Greece](/source/List_of_banks_in_Greece)
*[List of companies listed on the Athens Stock Exchange](/source/List_of_companies_listed_on_the_Athens_Stock_Exchange)
{{Portal|Banks}}
==References==
{{Reflist}}
==External links==
*[https://web.archive.org/web/20070204135355/http://www.ase.gr/content/gr/Companies/ListedCo/Profiles/Profile.asp?cid=950 ATHEX company profile] (in [Greek](/source/Greek_language))
*[http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=PRBr.AT&WTmodLOC=C5-Profile-1 REUTERS company profile]
Category:Defunct banks of Greece
Category:Banks established in 2001
Category:Greek companies established in 2001
Category:Banks disestablished in 2011
Category:2011 disestablishments in Greece
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Adapted from the Wikipedia article [Proton Bank](https://en.wikipedia.org/wiki/Proton_Bank) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Proton_Bank?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.