Friday March 6, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Attica Bank plans capital boost

Attica Bank is making plans for a share capital increase of at least 300 million euros and will seek to cover the rest of its capital requirements (nearly 100 million) through the reduction of operational costs and the creation of internal capital.

According to its needs as determined by the Bank of Greece, Attica has to boost its capital base by 397 million (baseline scenario) or 434 million euros (adverse scenario).

The management strategy concerning the bank’s nonperforming loans will be determined in cooperation with the strategic investor, so that the main shareholder, the Public Contractors’ Pension Fund (TSMEDE), preserves its minority rights.

TSMEDE currently controls 51 percent of Attica, a figure that is set to drop to 34 percent after the increase.

The capital boost plan is awaiting the central bank’s approval, after which implementation will start immediately, with its completion seen by September.

ekathimerini.com , Wednesday June 18, 2014 (22:52)  
Cash-strapped Greece repays first part of IMF loan due in March
Greece must repay loans in full, bailout fund head says
Jobless rate starts picking up again
Election lifted consumers’ mood
Greek and German bruisers limber up for ´rumble in the eurozone´
They are both tough men of a certain age used to getting their way. In one corner stands Wolfgang Schaeuble, the dry 72-year-old German Finance Minister and self-appointed guardian of the Eu...
BoG chief Stournaras briefs PM Tsipras on ECB´s decisions on Greece [Update]
Bank of Greece Governor Yannis Stournaras visited Prime Minister Alexis Tsipras on Friday to brief him on discussions at the meeting of the European Central Bank's governing council in Nicos...
Inside News
BASKETBALL
Barcelona beats Panathinaikos once more
For the fourth time this season Panathinaikos failed to beat Barcelona, this time in Athens, losing 81-77 on Thursday and denting its chances for a privileged top-two finish in its Euroleagu...
SOCCER
Iraklis, Apollon and Xanthi in Cup semis
The prospect of a second-division team reaching the Greek Cup final has grown considerably after two out of the three teams that made the semifinals this week come from the Football League. ...
Inside Sports
COMMENTARY
PISA, Schengen, mediocrity and isolation
Greece’s most serious problem is not the economic and political crisis, though it did contribute greatly to it. At the root of our evil lies our great isolation, not only from our partners i...
COMMENTARY
Balancing the Greek budget: The ancient Athenian perspective
Is democracy good for balancing a budget? For many today the answer is a resonating no. This answer is easy to understand. In the birthplace of democracy, Greece, the state’s budget is a mes...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Cash-strapped Greece repays first part of IMF loan due in March
2. Greek and German bruisers limber up for ´rumble in the eurozone´
3. Greece must repay loans in full, bailout fund head says
4. BoG chief Stournaras briefs PM Tsipras on ECB´s decisions on Greece [Update]
5. Barcelona beats Panathinaikos once more
6. Iraklis, Apollon and Xanthi in Cup semis
more news
Today
This Week
1. BoG chief Stournaras briefs PM Tsipras on ECB's decisions on Greece [Update]
2. Greece must repay loans in full, bailout fund head says
3. Greek and German bruisers limber up for 'rumble in the eurozone'
4. Cash-strapped Greece repays first part of IMF loan due in March
5. Greek-Turkish relations
6. Greece seeks to plug its 'Bermuda Triangle' of lost taxes
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. The Greek tax drama
3. SYRIZA feeling the pain
4. Varoufakis to make six reform proposals at Monday's Eurogroup
5. The unlikely winners of Greece's surrender on euro
6. Tsipras reversal draws Greek sympathy as party rumblings rise
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.