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Greece's Eurobank to seek 2.86-bn euro capital hike

Greece's Eurobank on Saturday said its board had approved a 2.86-billion-euro ($4-billion) capital increase, in the latest move by one of the country's biggest lenders to bolster its reserves. "The general meeting approved...the increase of the share capital of the bank by up to 2.864 billion euros," the bank said in a statement. Up to 9.54 billion in new shares will be issued and according to reports, the capital hike is expected to be completed by May.

Troubled eurozone states emerge from crippling crisis

Bailed-out Greece made a strong return to the bond markets Thursday after a four-year hiatus, raising 3.0 billion euros and sending a clear sign that the eurozone is putting its crippling debt crisis behind it. Here is a run-down of the situation in eurozone states which came under pressure during the crisis over their public finances. GREECE Athens, which obtained international aid worth 240 billion euros, hopes to exit the massive rescue programme in 2016.

Greece raises 3.0 bn euros at 4.75%: finance ministry

Greece's finance ministry on Thursday said a landmark five-year bond sale, the nation's first in four years, had raised 3.0 billion euros ($4.1 billion) at an interest rate of 4.75 percent. "The Hellenic Republic today announces that it has agreed to sell a five-year bond in a principal amount of 3.0 billion euros with an annual coupon (yield) of 4.75 percent," the ministry said. bur-jph/hd

Greece hopes to raise 3.0 bn euros with bond sale: govt spokesman

Greece hopes to raise 3.0 billion euros ($4.1 billion) with a milestone five-year debt sale marking its return to bond markets after four years, the government spokesman said on Thursday. "A sum in the order of 3.0 billion euros will probably be raised," government spokesman Simos Kedikoglou told To Vima radio. bur-jph/hd

Greece can use bank rescue cushion to avert new bailout

Greece wants to use some 11 billion euros ($15 billion) left in its EU bank rescue package to meet upcoming needs and avoid a new bailout loan, a government source said on Wednesday. "The 11 billion euros can keep Greece from needing a third loan," a Greek finance ministry source said on the sidelines of a two-day Eurogroup meeting in Athens. "We are covered for the next 12 months. With this 11 billion we will be covered to 2016. It's simple logic," said the official, speaking on condition of anonymity.

Greece to get 6.3 bn euro loan slice in April

Greece will receive 6.3 billion euros ($8.7 billion) from its pending EU bailout fund at the end of April, Eurogroup chief Jeroen Dijsselbloem said on Tuesday. "A first tranche of 6.3 billion euros at the end of April will allow Greece to meet its debt servicing needs in May," Dijsselbloem said during a Eurogroup meeting in Athens. bur/jph/hd

Italian bank Intesa SanPaolo posts $7 billion Q4 loss on write-downs to clean up books

MILAN - Intesa SanPaolo has cleaned out its books with a 5.8 billion-euro ($7.95 billion) write-down on its investments as it joined other Italian banks in preparing for a rigorous Europe-wide stress test, while announcing a slate of asset sales under a plan to boost earnings and dividends. The write-down, which included 3.1 billion euros for non-performing loans, widened Intesa's fourth-quarter loss to 5.2 billion euros ($7 billion) from 83 million euros a year earlier.

Intesa Sanpaolo reports huge loss, boosts balance sheet

Italian bank Intesa Sanpaolo reported a net loss of 4.55 billion euros for 2013 on Friday, after huge asset writedowns to strengthen its balance sheet in readiness for stress tests. The bank, the second-biggest in Italy, turned in a net loss of 5.19 billion euros ($7.1 billion) in the last three months of the year. That was caused by a charge for writedowns of 5.797 billion euros. Excluding the effects of these asset depreciations, the outcome for the year was a profit of 1.218 billion euros, and for the last quarter a profit of 578 million euros.

EU could provide Ukraine with 850 million euros by June

BRUSSELS (Reuters) - Ukraine could receive 850 million euros ($1.2 billion) in grants and loans from the European Union within the next three months, if its deal with the International Monetary Fund is finalized, a senior EU official said on Thursday. Ukraine won a $27-billion international financing lifeline led by the IMF on Thursday, rushed through in the wake of Russia's annexation of Crimea.

Top Greek banks raise billions in fresh capital

Greece's Piraeus Bank, one of the nation's top four lenders, on Wednesday said it had raised 1.75 billion euros ($2.4 billion) in fresh capital ahead of a full public sale. The move came a day after Alpha Bank raised 1.2 billion euros, as Greek lenders seek to shore up their balance sheets following a recent recommendation by the central bank. "Piraeus Bank announces the successful completion of an international book-building to qualified and other eligible investors outside Greece," the bank said.
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