ECONOMY

Piraeus Bank…

Piraeus Bank is not involved in any merger or acquisition discussions, Alexandros Manos, the lender’s managing director, told an analysts’ conference yesterday. A forthcoming 807.1-million-euro rights offer will create ‘a capital buffer to withstand any unforeseen deterioration in economic circumstances’ in the markets in which Piraeus operates, Manos said. The bank expects improved access to interbank markets following a cash call, added the managing director.