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]

Banking

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