|
|
|
Athens Macedonian News Agency: News in English, 14-05-22
CONTENTS
[01] Piraeus Bank buys back 750-mln-euro shares from Greek state
[01] Piraeus Bank buys back 750-mln-euro shares from Greek state
ANA/MPA--Piraeus Bank on Thursday announced it has bought back from
the Greek state all preference shares issued by the bank, worth 750
million euros. These shares were issued as part of a recapitalization
plan which envisaged state participation in the bank.
In an announcement, the bank said that this move was significantly
improving the quality of the bank's capital composition and it was the
first step towards regaining the ability to distribute a dividend to
shareholders.
|
