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Piraeus Bank agrees to increase its capital 400 million euros and is trying to sell his unit and the Egyptian
The Bank of Piraeus Bank's fourth-largest Greek on Friday increased its capital worth 400 million euros and cost Barclays Capital arranged the sale and unity in the framework of Egypt's strenuous efforts to get liquidity to meet the debt crisis at home.And Piraeus Bank is the second Greek Msaanmoh agree this week on the sale of new preferred shares to the government in accordance with the provisions of the law in 2008 to protect the banks from the global credit crisis.And the Greek banks have to raise money and selling assets to reduce the effects of sovereign debt reduction plan, which would accept under which bondholders from the private sector discount rate of 50 percent of the nominal value of their holdings of Greek government bonds.Piraeus Bank said in a statement that the planned increase will raise its capital level of the first one percentage point to 8.1 percent. The Greek central bank ordered banks to increase the proportion to ten percent next year.In a separate move Piraeus said that he chose the Barclays Capital assisted in the sale of Piraeus Bank Egypt. The bank "will start selling immediately," without giving further details.And failed talks to sell unit to Standard Chartered Bank last month after the withdrawal of the bank included in the London Stock Exchange its interest, citing the worsening economic climate in Egypt.An official at the Piraeus, who asked not to be named, told Reuters: "There is an interest to buy."Piraeus Bank Egypt and has assets worth 1.4 billion euros (1.83 billion dollars) and the portfolio of loans worth 791 million euros and a network of 41 branches.(U.S. dollar equals 0.7654 euros)
The Bank of Piraeus Bank's fourth-largest Greek on Friday increased its capital worth 400 million euros and cost Barclays Capital arranged the sale and unity in the framework of Egypt's strenuous efforts to get liquidity to meet the debt crisis at home.And Piraeus Bank is the second Greek Msaanmoh agree this week on the sale of new preferred shares to the government in accordance with the provisions of the law in 2008 to protect the banks from the global credit crisis.And the Greek banks have to raise money and selling assets to reduce the effects of sovereign debt reduction plan, which would accept under which bondholders from the private sector discount rate of 50 percent of the nominal value of their holdings of Greek government bonds.Piraeus Bank said in a statement that the planned increase will raise its capital level of the first one percentage point to 8.1 percent. The Greek central bank ordered banks to increase the proportion to ten percent next year.In a separate move Piraeus said that he chose the Barclays Capital assisted in the sale of Piraeus Bank Egypt. The bank "will start selling immediately," without giving further details.And failed talks to sell unit to Standard Chartered Bank last month after the withdrawal of the bank included in the London Stock Exchange its interest, citing the worsening economic climate in Egypt.An official at the Piraeus, who asked not to be named, told Reuters: "There is an interest to buy."Piraeus Bank Egypt and has assets worth 1.4 billion euros (1.83 billion dollars) and the portfolio of loans worth 791 million euros and a network of 41 branches.(U.S. dollar equals 0.7654 euros)
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