Piraeus Bank reveals mitigating actions aimed at reducing size of capital increase

EconomyBanking Tags: Banking, Piraeus
Photo by MacroPolis
Photo by MacroPolis

Piraeus Bank revealed on Monday the capital actions that it intends to submit to the ECB’s Single Supervisory Mechanism (SSM) to cover the capital shortfall that resulted from the comprehensive assessment.

The total amount of mitigating actions stands at 1.51 billion euros but it is not clear what amount - apart for the LMEs - will be approved by the SSM. Excluding the recognition of DTAs, which seems highly unlikely to be approved, the maximum amount of ...

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