Agence France-PresseApril 23, 2013 09:30
Piraeus Bank, one of the four main Greek lenders, on Tuesday said it had mustered the necessary funds to remain private with a 7.3-billion-euro ($9.5 billion) recapitalisation drive.
"Given that Piraeus Bank has already agreed on the participation of BCP and Societe Generale in its capital increase, it has ensured the private sector's minimum participation that safeguards the bank's private character," it said in an announcement.
"The bank's private character has been confirmed," head of the Piraeus Banking Group Michalis Sallas told journalists.
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