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Athens Macedonian News Agency: News in English, 13-04-30

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Eurobank to become first fully recapitalised systemic bank

  • [01] Eurobank to become first fully recapitalised systemic bank

    ANA-MPA - Eurobank is the first large systemic bank to be fully recapitalised by the Hellenic Financial Stability Fund (HFSF), the bank's chairman Timos Christodoulou said on Tuesday.

    Addressing a general shareholders' meeting, Christodoulou said that the Fund will own more than 90 pct of the bank's equity capital following completion of a recapitalisation process.

    The HFSF will evidently add more small banks to a new Eurobank group, Christodoulou said, adding that the goal was the bank's reorganisation to attract investors in the medium-term. Eurobank's return to the private sector must be the main goal of the bank. "The bank must return where it belongs - to the private sector - the soonest possible," Christodoulou added.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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