Wednesday May 27, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Piraeus and Alpha promoting issues

 Banks encouraged by international interest in plans to cover capital requirements; National set to follow

By Yiannis Papadoyiannis

The Piraeus Group will likely launch its 500-million-euro bond issue on Monday, while bank officials who have been busy promoting the issue at events in London and New York are reporting major investor interest.

International fund administrators reportedly believe that Greece is already on a growth trajectory and are estimating that the next few years could constitute a period of dynamic expansion for the country’s economy. They expect the local credit sector to benefit considerably as a result given that in previous years it had suffered severe pressure.

It appears that foreign investors are not too worried about the risk of political complications or a failure in negotiations between Greece and its creditors, so Piraeus officials are certain the issue will be covered with great success.

They add that international investors are also showing strong interest in the lender’s planned share capital increase, to amount to 1.75 billion euros.

Alpha Bank officials have also been promoting its prospective share capital increase of 1.2 billion euros outside the country. The Alpha mission will spend a total of almost two weeks in cities in Europe, America and Asia, where meetings with institutional investors have been scheduled.

Armed with the bank’s strong fundamental figures – Alpha was found to have the smallest capital needs among the country’s systemic banks – its officials appear particularly optimistic about the project, with the share increase fully guaranteed by its underwriters.

As for National Bank, its administration is working hard to complete the plan for the coverage of its capital requirements. Various alternatives are under examination, such as the issue of bonds and the sale of subsidiaries, holdings and other assets, while the final structure of National’s plan will also depend on the deadline it is given to amass the necessary capital.

Along with the announcement of its 2013 financial results, scheduled for Thursday, March 20, the bank will also present preliminary details regarding its plans and priorities for covering its capital needs.

ekathimerini.com , Friday March 14, 2014 (22:20)  
ECB said to leave emergency aid level for Greek banks unchanged
A guide to Greece´s debt crisis and what´s at stake
The G-7´s problem: Can the world deal with a Greek default?
Some 300 mln left banks on Tuesday
Man charged for posting racist comments online
Authorities have pressed charges against a man for posting racist comments on an online video about a migrant rescue operation near the island of Samos in the eastern Aegean. The suspect, wh...
FYROM PM blames Greece for name impasse
Failure to reach a solution on the name dispute with Athens is putting Skopje's NATO and EU ambitions on hold, the Prime Minister of Former Yugoslav Republic of Macedonia (FYROM) Nikola Grue...
Inside News
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
SOCCER
Berg brace gives Panathinaikos four-point lead
Panathinaikos beat Atromitos on Sunday and took advantage of the goalless draw between PAOK and Asteras Tripolis to open a four-point gap from PAOK at the top of the Super League play-off mi...
Inside Sports
COMMENTARY
Romantic notions meet reality
Before the elections, there was a considerable number of people who totally disagreed with the ideas and program put forward by SYRIZA, but they expected that the leftist party would, at lea...
EDITORIAL
Solving the Gordian Knot
The leftist-led government, as well as the country, have both been seriously damaged and exposed to risk from the evident indecision and repeated contradictions dogging the ongoing negotiati...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. ECB said to leave emergency aid level for Greek banks unchanged
2. A guide to Greece´s debt crisis and what´s at stake
3. Man charged for posting racist comments online
4. The G-7´s problem: Can the world deal with a Greek default?
5. FYROM PM blames Greece for name impasse
6. Kareli trial postponed
more news
Today
This Week
1. Target of Greek scorn shapes nation’s fate as IMF’s storm-chaser
2. Romantic notions meet reality
3. Some 300 mln left banks on Tuesday
4. Solving the Gordian Knot
5. FYROM PM blames Greece for name impasse
6. The G-7's problem: Can the world deal with a Greek default?
Today
This Week
1. Conspiracy madness
2. National self-awareness put to the test
3. Albanian demarche raises concerns about possible territorial claims over Greece
4. Hotel contracts with a ‘Greek default clause’
5. Neither Grexit nor a dual currency will solve Greece’s problems
6. Merkel said to plan address for Greece if deal reached
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.