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 ...

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€500.00