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
Things to do when visiting Paleokastritsa, CorfuPanos - Jul 21, 2017
Paleokastritsa in Corfu Greece is one of those places that has an otherworldly appeal. Located in the northwest coast of…
Kos airport management reports says facility operating normally, safely; only minor delays citedPanos - Jul 21, 2017
Fraport Greece on Friday morning assured that the airport on the quake-hit island of Kos is operating normally and safely…
Inaugural sale of Greek bank’s NPL portfolio set for AugustPanos - Jul 21, 2017
The inaugural sale of a portfolio of "bad debt" held by Greece's systemic banks is expected in early August, with…