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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.

Greek bill gives rescue fund legal cover for bank capital boosts

ATHENS (Reuters) - Greek banks that are majority-owned by the country's bank rescue fund HFSF will be allowed to issue new shares to boost their capital at market prices, according to a draft bill that also gives the rescue fund legal cover to see its stakes diluted. The draft legislation obtained by Reuters is part of an omnibus bill on prior actions demanded by the country's international lenders, the European Union and the International Monetary Fund, to release the next tranche of bailout loans.

Greece plans capital boost of over 1 billion euros for Eurobank: source

By Laura Noonan and George Georgiopoulos ATHENS (Reuters) - Greece's plan to return Eurobank to private ownership will see the country's fourth largest bank issue more than 1 billion euros ($1.35 billion)of new stock to private investors, boosting its capital ratio, a source familiar with the transaction said on Friday. Eurobank <EURBr.AT> was the only one of Greece's four systemically important banks to have its summer 2013 recapitalization needs met solely by the Hellenic Financial Stability Fund (HFSF).

Greece: Stalled bank merger tests investors

Greek banks NBG and Eurobank on Monday said their planned merger has been postponed, causing huge volatility in their share price amid fears they may be nationalized.National Bank of Greece and Eurobank saw their stock plunge 30 percent - the maximum drop allowed in a session - earlier in the day.

Greek banks NBG, Eurobank face state rescue

By George Georgiopoulos and Lefteris Papadimas ATHENS (Reuters) - Two of Greece's biggest banks risk being nationalised after admitting they were unlikely to raise enough cash from private investors and seeing their merger blocked by the country's international lenders. National Bank <NBGr.AT> bought 84.3 percent of its smaller rival Eurobank via a share swap in February, as Greek banks consolidate to survive a debt crisis that has pushed the economy into a six-year slump.

Greece's NBG-Eurobank merger suspended, official says

By Lefteris Papadimas and George Georgiopoulos ATHENS (Reuters) - National Bank's plan to absorb Eurobank <EFGr.AT> to form Greece's biggest banking group will be suspended until both are recapitalised, and a state bank support fund will decide if the they should merge, a Finance Ministry official said on Sunday.

Eurobank, NBG shares fall on recapitalisation jitters

ATHENS (Reuters) - Shares in Greek lenders Eurobank <EFGr.AT> and National Bank <NBGr.AT> fell on Tuesday on concerns their integration following their takeover deal this year may be stalled by objections from the country's international lenders. National acquired 84.3 percent of Eurobank via a share swap last month with a view to integrate it in the group and form the country's largest bank.
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