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Athens Macedonian News Agency: News in English, 13-04-30
CONTENTS
[01] Eurobank to become first fully recapitalised systemic bank
[01] Eurobank to become first fully recapitalised systemic bank
ANA-MPA - Eurobank is the first large systemic bank to be fully
recapitalised by the Hellenic Financial Stability Fund (HFSF), the
bank's chairman Timos Christodoulou said on Tuesday.
Addressing a general shareholders' meeting, Christodoulou said that the
Fund will own more than 90 pct of the bank's equity capital following
completion of a recapitalisation process.
The HFSF will evidently add more small banks to a new Eurobank group,
Christodoulou said, adding that the goal was the bank's reorganisation
to attract investors in the medium-term. Eurobank's return to the private
sector must be the main goal of the bank. "The bank must return where it
belongs - to the private sector - the soonest possible," Christodoulou
added.
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