Eurobank gears up for crucial but contentious capital increase

EconomyBanking Tags: Banking, Eurobank

Eurobank, Greece’s fourth largest lender, is preparing to carry out before the end of this month a share capital increase that will ensure its capital adequacy but which has many opponents due to the controversial nature of the method that has been chosen.

An Extraordinary General Meeting (EGM) at Eurobank approved on April 12 a capital increase of 2.86 billion to address its 2.95 billion capital needs. The latter were identified by the Bank of Greece (BoG) under the baseline scenario following the Blackr...

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