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Athens Macedonian News Agency: News in English, 13-01-31

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Greek banks to return to markets this summer

  • [01] Greek banks to return to markets this summer

    AMNA--Greek banks could return to international capital markets this summer, Mihalis Sallas, the chairman of Piraeus Bank, said on Thursday.

    Speaking to reporters, after a bank's extraordinary general shareholders' meeting, the Greek banker said that an international climate towards Greece has radically changed in the last few months, with positive effects for the economy. The climate is now more favourable, a difference with the prevailing climate a few months ago is dramatic he said.

    Sallas expressed his optimism over a successful completion of a Greek banks' recapitalization process, stressing that banks will become a lever for restarting economic growth in the country. He noted that Greek banks have already begun distributing capital to small and medium-sized competitive enterprises with export orientation, or offering added value to Greek products. amna

    Addressing an extraordinary general shareholders' meeting earlier, Sallas said he was confident that Piraeus Bank will cover a 10 pct private participation in a forthcoming share capital increase plan.

    Athens News Agency: News in English Directory - Previous Article - Next Article
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