HFSF con­firms Eurobank in­crease plan ad­just­ment

Kathimerini English - - Front Page -

The Hel­lenic Fi­nan­cial Sta­bil­ity Fund con­firmed yes­ter­day in a state­ment that the timetable for Eurobank’s share cap­i­tal in­crease will have to be changed to fac­tor in the re­sults of the stress test con­ducted by Black­Rock So­lu­tions, thereby dis­miss­ing claims that this would be due to pos­si­ble le­gal con­se­quences should banks be pri­va­tized on mar­ket terms.

“Re­gard­ing the start of the pro­ce­dure for the share cap­i­tal in­crease of Eurobank to draw some 2 bil­lion eu­ros, the timetable of the trans­ac­tion will be ad­justed in such a way as to take into ac­count the com­ple­tion of the as­sess­ment of the fu­ture cap­i­tal re­quire­ments of the Greek bank­ing sec­tor, as well as the new re­cap­i­tal­iza­tion frame­work,” the HFSF state­ment said.

It added that the fund and Eurobank ap­pre­ci­ate the strong in­ter­est of in­vestors in the cap­i­tal in­crease process, and that the lender’s cap­i­tal po­si­tion on De­cem­ber 31, 2013 will be above the re­quired thresh­old.

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