Greece’s Eurobank to seek big participation of investors in recap
Oct 31 Eurobank, Greece’s third-largest lender by assets, will try to maximise the participation of private investors in its recapitalisation, an official at the bank said on Saturday after the release of the European Central Bank’s stress tests.
The official said the ECB’s health check showed that Eurobank has the lowest capital shortfall – 2.12 billion euros – under the adverse scenario among the four systemic banks.
“Eurobank will seek the largest participation of high-quality private funds, turning to existing and new investors, aiming at its full capital shielding,” the official said.
You may be interested
Greek court rejects Turkish servicemen’s extraditionmakis - Mar 16, 2018
A Greek appeals court rejected for a third time on Friday an appeal by Turkey seeking the extradition of eight…
Weather warning: Rain dust and humidity to hit Greece over weekendmakis - Mar 16, 2018
Greece will experience a series of strange weather phenomena over the weekend, as the country is expected to be affected…