Attica Bank raises 681 mln euros in share capital increase plan‏

Attica Bank on Wednesday announced the successful completion of a share capital increase plan which covered not only its capital needs under the base scenario but also a significant part under the adverse scenario of the ESM.

Attica Bank raises 681 mln euros in share capital increase plan‏

In an announcement, Attica Bank said that it has raised 681 million euros in new capital, raising its core capital rate to 23 pct, one of the highest in the domestic financial sector. The bank said it was the only listed bank which has successfully been recapitalized during the crisis, using exclusively private capital both from Greece and abroad, while it continued to be autonomous and independent.

Attica Bank, being fortified in capital and with a plan and modern structure, will contribute to the funding of Greek economic growth, supporting business activity in the coming years, while creating added value for its shareholders, the bank said.

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