ECONOMY

Eurobank has covered share issue to plug capital gap, says source

eurobank-has-covered-share-issue-to-plug-capital-gap-says-source

Greece's third largest lender Eurobank has fully covered its share offering to fill a capital shortfall revealed in a European Central Bank health check last month, a bank official told Reuters on Tuesday.

"The capital increase has been covered," the official said on condition of anonymity.

The bank is seeking to raise up to 2.04 billion euros ($2.17 billion) from investors.

[Reuters]