Piraeus Bank confident it can plug shortfall

2 November 2015
94 Views

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.

Reuters

You may be interested

Turkish deputy-Prime Minister accuses Greece of oppressing religious minorities in latest Turkish tirade against Greece
GREECE
shares55 views
GREECE
shares55 views

Turkish deputy-Prime Minister accuses Greece of oppressing religious minorities in latest Turkish tirade against Greece

makis - Nov 17, 2017

Turkish Deputy Prime Minister Bekir Bozdag accused Greece of imprisoning Muslim Imams, despite the country being a member of the…

Greek PM says country would rely on itself to face flood disaster
POLITICS
shares73 views
POLITICS
shares73 views

Greek PM says country would rely on itself to face flood disaster

makis - Nov 17, 2017

Greek PM Alexis Tsipras thanked European countries for offering to help after the flash floods in western Attica, Wednesday, which…

US meteorologist explains deadly storm that flooded Greek towns
GREECE
shares94 views
GREECE
shares94 views

US meteorologist explains deadly storm that flooded Greek towns

makis - Nov 17, 2017

“When the Atlantic hurricane season begins to quiet down in late October and November, it’s time to cast an eye…

Leave a Comment

Your email address will not be published.