ECONOMY

Deutsche Bank to stay with 10 pct of EFG Eurobank

Deutsche Bank’s Chief Executive Josef Ackermann said yesterday the German bank is satisfied with its presence in the Greek market and has no plans to raise its stake in Greece’s EFG Eurobank. Deutsche currently holds a 10-percent stake in EFG Eurobank, Greece’s third-largest bank based on assets. «For the time being we have no intention of increasing our stake (in Eurobank),» he told reporters after meeting with Greek Finance Minister Nikos Christodoulakis. Speculation that Deutsche Bank could soon go on a shopping spree hotted up in early June when recently appointed Ackermann said that he was committed to Deutsche’s sprawling retail banking franchise and fortifying its private banking operations. Changes to Greece’s banking landscape are widely expected after an attempted merger between the country’s two largest banks, National and Alpha, collapsed earlier in the year. Ackermann discussed topics of interest for German investors in tourism and the energy market with Christodoulakis, a government source said. «I expressed Deutsche Bank’s commitment to the finance minister of being a basic investor in the Greek market,» Ackerman said. (Reuters) – Do not overload the car or motorcycle.