Friday August 1, 2014 Search
Weather | Athens
32o C
25o 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)  
Traders unhappy with turnover
No rivals for Intralot as it bags racing bet permit
Energy cost cuts even without EU approval
KEPE: Greek economy returned to growth in Q2
Greece to help ´hundreds´ of Chinese leave Libya
With the violence in Libya escalating to its worst level since the 2011 ouster of dictator Moammar Gadhafi, governments from around the world are scrambling to evacuate their citizens from t...
Plan to restore Asopos River enters final stage
Plans are in the final stage for the ecological restoration of Asopos River in Central Greece following a deal to install an integrated water resources management system. The 37.6-million-eu...
Inside News
SOCCER
One win and one loss in Europa League
Greece had a hit and a miss in the first-leg games for the third qualifying round of the Europa League on Thursday, as Atromitos scored a 2-1 win at Sarajevo while Asteras Tripolis lost 1-0 ...
SOCCER
Goalless draw at Liege puts Greens in driving seat
Panathinaikos got the upper hand in the battle for entry to the Champions League playoffs after snatching a goalless draw at Standard Liege on Wednesday. If anything, the Greek cup holders m...
Inside Sports
COMMENTARY
In trying to conquer, Putin unites Europe
President Vladimir Putin is obliged to feign indifference to the sanctions that the European Union and the United States imposed on Russia this week. But, being the player that he is, he mus...
COMMENTARY
Summer turbulence
High summer temperatures appear to have messed with the reflexes of officials at the top echelons of Greece’s power-sharing administration. A sense of anxiety has gripped the political syste...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. One win and one loss in Europa League
2. Greece to help ´hundreds´ of Chinese leave Libya
3. Traders unhappy with turnover
4. No rivals for Intralot as it bags racing bet permit
5. Energy cost cuts even without EU approval
6. KEPE: Greek economy returned to growth in Q2
more news
Today
This Week
1. Motorists refusing to pay tolls on Corinth-Kalamata highway to be monitored
2. Euro flows reveal shift in sentiment as losses mount
3. Greece may ignore EU and lower energy costs for business, says minister
4. EU puzzles over emergency funds for euro area bank crisis agency
5. Only 5 percent of stores see brisker business during this year's summer sales
6. Fake psychic caught in Thessaloniki after gaining 35,000 from victim
Today
This Week
1. Quadriplegic woman on life support 'dies due to unpaid power bills'
2. Wine cup used by Pericles found in grave north of Athens
3. Defense Minister Avramopoulos to represent Greece at European Commission
4. World’s largest solar boat on Greek mission
5. Greece names fifth privatization agency chief in four years
6. Greek coast guard picks up 77 migrants off Myconos
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.