ECONOMY

Piraeus Bank…

Piraeus Bank will likely be the next lender to bolster its capital after National Bank, opting for the issuance of new shares or bonds under the weight of the financial crisis. Sources suggest that the bank’s administration has not yet reached any final verdict but is likely to call a general meeting to discuss reducing the nominal value of its stock in order to overcome the law prohibiting the issuance of new shares at a value below the nominal price. The stock dropped 0.51 percent in the Athens bourse on Wednesday.