Piraeus Bank posts pre-tax losses of 215 mln in H1
OECD advocates closer look at health and capital quality of Greek banks
BoG stresses more work needed on NPE reduction, pushes bad bank idea
Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
Eurobank net profits at 56.8 mln in Q1
Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
Eurobank became on Thursday the third Greek bank to announce a Liability Management Exercise (LME) involving a voluntary exchange offer for a total nominal value of 877 million euros in outstanding bank bonds.
According to Reuters, total capital needs are seen at around 14 billion, while the amount that has to be raised from capital increases is seen close to 4.5 billion.
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