Fiera Capital announces backing of Greece’s Attica Bank as part of recapitalisation

Fiera Capital (UK) Limited (“Fiera” or “the Company”), a leading independent asset management firm with over US$116.1 billion AUM as at 30 th June 2024, announces its commitment to participate in the recapitalisation of Attica Bank with an amount of €12 million, marking a significant milestone in the turnaround of the Greek banking sector. Fiera’s participation will be effected through the subscription of unsubscribed shares in Attica Bank’s ongoing share capital increase.

Attica Bank’s ongoing recapitalisation, which totals up to €735mn, represents the last major
restructuring of systemwide Non-Performing Exposures (NPEs) through Attica Bank’s “Hercules III”
programme. Led by industry grandee Eleni Vrettou, CEO, Attica Bank and long-term shareholder
Thrivest, the recapitalisation is expected to provide the necessary capital reinforcement and coverage
to support the challenger bank’s operational merger with Pancreta Bank, a former Greek cooperative
bank founded in 1993.

Commenting on the recapitalisation, Vijay Singh, Portfolio Manager, Public Markets at Fiera Capital
(UK) Limited, said: “Attica Bank and its best-in-class management team have made impressive progress
over the past two years, executing a comprehensive business plan that has resulted in a pristine
balance sheet with exceptional asset quality.”

“The exciting path forward, post-recapitalisation, involves meeting the credit demands of one of the
most dynamic and fastest-growing sectors of the Greek economy. It is a privilege to share in Attica
Bank’s success and solid trajectory within the Eurozone, where as a challenger Attica Bank leverages
its entrepreneurial agility to develop exceptional products.”

“In that vein, Fiera is committed to supporting Attica Bank in its mission to drive economic growth and
innovation in Greece. We believe that the prospect of this strategic investment will not only strengthen
Attica Bank’s market position, but also contribute to the broader economic development of the
region.”