Eurobank to complete book building offer on Tuesday

Gazzetta team 16 Νοεμβρίου 2015 - 13:53

Eurobank's chief executive Fokion Karavias on Monday expressed his optimism over the successful completion of a book building offer by Tuesday and said that already two-thirds of a share capital increase plan worth 2.0 billion euros has been covered by private capital.

Addressing a general shareholders' meeting, Eurobank's chairman Nikolaos Karamouzis said that the bank's anchor investors have already pledged 553 million euros in the share capital increase plan and they have the option to participate with another 130 milion euros by Tuesday. Karamouzis said he expeccted that Greek investors will also participate with more than 200 million euros showing confidence in the bank's outlook.

Eurobank also announced a cut in the sum to be drained through a share capital increase to 2.039 billion euros from an initial 2.122 billion euros.

The Greek bank said that a Single Supervisory Mechanism (SSM) of the European Central Bank acknowledged a 53 million euros capital boost scheme which resulted from pre-provision profits in the January-September period this year, thus reducing the sum of the capital requirements to 2.039 billion.