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Greece's Eurobank to seek big participation of investors in recap
October 31, 2015 / 11:26 AM / 2 years ago

Greece's Eurobank to seek big participation of investors in recap

ATHENS (Reuters) - Eurobank (EURBr.AT), Greece’s third-largest lender by assets, will try to maximise the participation of private investors in its recapitalisation, an official at the bank said on Saturday after the release of the European Central Bank’s stress tests.

A security worker leaves after bringing money to a Eurobank branch in the northern city of Thessaloniki, Greece July 6, 2015. REUTERS/Alexandros Avramidis

The official said the ECB’s health check showed that Eurobank has the lowest capital shortfall - 2.12 billion euros (1.51 billion pounds)- under the adverse scenario among the four systemic banks.

“Eurobank will seek the largest participation of high-quality private funds, turning to existing and new investors, aiming at its full capital shielding,” the official said.

Reporting by George Georgiopoulos and Lefteris Papadimas

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