total loans and total deposits, and the fourth by market capitalisation—as at December 2014. Since 1 February 2015, the chairman and non-executive director of Eurobank Ergasias has been Nikolaos Karamouzis; Fokion Karavias has been the CEO and executive director since the same day. Canadian fund Fairfax Financial are major shareholders, with an 18.2% stake in 2018, that was increased after the takeover of Grivalia Properties until 32.9%. In the end of year 2015 results, total net loans were (non performing 43.8%, of which provisions were at 53.3%), customer deposits , and central bank funding was . At the end of 2020, the bad loans of the group reached an amount of €5.7 billion. In March 2020, Eurobank announced a project for reducing its nonperforming loans index from 14% to 9%. Major acquisitions In 1998, 78.23% of Bulgarian Postbank was taken over. In 2000 Acquisition of a 19.25% participation in Bancpost in Romania, which was later increased In 2002 EFG Eurobank Ergasias – Telesis Investment Bank merger. Acquisition of 50% in Alico / CEH Balkan Holdings leading to a 43% participation in Postbank Bulgaria In 2003 Merger through absorption of "Ergoinvest S.A.". Merger by absorption of "Investment Development Fund S.A.". Establishment of Euroline Retail Services (Romania) - 80% Eurobank Cards and 19.961% Bancpost. Establishment of Eurocredit Retail Services (Cyprus) as a 100% subsidiary of Eurobank Cards. In 2004 Establishment of Euroline Retail Services AD (Serbia) - 100% subsidiary of Eurobank Cards In 2006 Acquisition of 100% of Nacionalna štedionica–banka in Serbia and forming Eurobank a.d. In 2006 Acquisition of 70% of Tekfenbank, which is a Turkish bank, 99.3% of Universal Bank in Ukraine and 74.3% of Bulgarian Postbank in Bulgaria On 23 December 2012, Eurobank sells all its shares (70%) of the Tekfenbank to Kuwait's Burgan Bank. During 2014, Eurobank receives a total of $1.55 billion from several investors including Wilbur Ross (€37.5 million) and the Prem Watsa founded Fairfax Financial Holdings (€400 million). On 16 January 2015, Eurobank asks Greek Central Bank for Emergency Liquidity Assistance (ELA) On 17 July 2015 the subsidiary Postbank (Bulgaria) buys the Bulgarian branches of fellow Greek lender Alpha Bank. In April 2018, its Romanian subsidiary, Bancpost, was sold to Banca Transilvania, the largest Romanian bank. In November 2018, Eurobank announced the acquisition of the real estate investment company Grivalia Properties, controlled by Fairfax Financial Holdings through its 51% stake. Fairfax increased its stake in