ECONOMY

ATEbank inauguration

Visitors and officials are seen at the inauguration in Athens yesterday of ATEbank’s archive files in digital format. The files date back to 1929, when the lender was set up. Digitalizing the files was a process that started in September of last year and is expected to result in Internet users having access to the information soon, ATEbank Chairman Dimitris Miliakos said. According to sources, the state-controlled bank, formerly known as Agricultural Bank, has received four non-binding bids from companies interested in buying a majority stake (51 percent) in its insurance subsidiary, ATEinsurance. The next stage of the sale process involves the assessment of each bid, which is expected to be completed within the next seven days.