Piraeus Bank confident it can plug shortfall
Piraeus Bank, Greece’s second-largest lender by assets, is confident that its plan to plug a 4.93-billion-euro capital shortfall revealed by the European Central Bank’s health check will succeed, its chief executive said on Sunday.
“Apart from the ongoing liability management exercise, the bank’s capital-boosting plan involves raising funds from private investors and other actions,” CEO Anthimos Thomopoulos said.
“Based on our recent contacts with international institutional investors, we are convinced that our plan can be concluded successfully in a short timespan,” he said.
You may be interested
Kavala: The port city with the numerous facesPanos - Jan 16, 2018
Kavala, the capital and main port of the Kavala prefecture is amphitheatrically built on the slopes of Mt. Symvolo forming…
Greek Jan-Dec govt budget surplus beats targetPanos - Jan 16, 2018
Greece’s central government attained a primary budget surplus of 1.96 billion euros in 2017, above target due to lower spending,…
Global tourist arrivals break 7-year record in 2017, UN Barometer reveals!Panos - Jan 16, 2018
Global tourism recorded its highest growth in 2017, with international arrivals rising by 7%, a performance well over the 4%…