Greek lender Attica bank denies reports it is under liquidation
Greek lender Attica Bank dismissed on Monday media reports it is under liquidation, following the results of the ECB’s stress tests, saying it will continue with its recapitalization process as planned.
“Reports claiming the bank is insolvent and is thus entering into liquidation by creating a ‘good bank’ and ‘bad bank’, are totally untrue and misleading,” the bank said in a press release.
“Attica Bank will proceed successfully with the recapitalization process, with the support of its main shareholder [the social security fund] TSMEDE / ETAA which will continue to hold in the future the same shares, but with the possible addition of new private investors with whom it is at the consultation stage,” it added.
Any capital that may be missing after the above actions are completed will be covered by the Hellenic Financial Stability Fund (HFSF), as the recent law on bank recapitalization stipulates.
You may be interested
Sample poll: Emmanuel Macron (23.7%) and Marine LePen (21.7%) to face off in second roundPanos - Apr 23, 2017
According to the first estimates from the exit polls, Emmanuel Macron wins 23.7% to Marine Lepen’s 21.7%. It is the…
Thomsen: Greece, institutions are close to a staff-level agreementilias1 - Apr 23, 2017
The Director of the International Monetary Fund's European Department, Poul Thomsen, expressed optimism on Friday that Greece and its lenders…
Ecumenical Patriarch Bartholomew to hold open leture in Geneva on April 24ilias1 - Apr 23, 2017
Ecumenical Patriarch Bartholomew will hold an open public lecture at the headquarters of the World Council of Churches in Geneva…