Commission approves amended restructuring plans for Alpha Bank, Eurobank
- Written by E.Tsiliopoulos
The European Commission welcomed on Thursday the news Greek lenders Alpha Bank and Eurobank were able to raise capital to meet the shortfalls identified by the ECB’s stress tests solely through private investors and welcomed their amended restructuring plans.
“As a result, no state capital injections will be necessary,” the Commission said in a statement.
It has also found the amended restructuring plans of the two banks are in line with EU state aid rules and that the measures already implemented as part of the lenders’ existing restructuring plans, in addition to those envisaged in the amended plans, will enable Alpha Bank and Eurobank to return to viability in line with EU state aid rules.
Tagged under
Related items
-
German press: While the Eu is fumbling tourism, Greece surges ahead
-
Additional funding of 10.3 million euros for the completion of two missile craft and the completion of submarine work
-
Malliotakis, GOP Colleagues Call on DOJ to Declassify Documents Relating to 9/11 Attacks
-
The cave of Pan and Davelis on Penteli mountain (vid)
-
INIOCHOS 2021 exercise spans all of Greek airspace (video)
Latest from E.Tsiliopoulos
- German press: While the Eu is fumbling tourism, Greece surges ahead
- Additional funding of 10.3 million euros for the completion of two missile craft and the completion of submarine work
- Malliotakis, GOP Colleagues Call on DOJ to Declassify Documents Relating to 9/11 Attacks
- The cave of Pan and Davelis on Penteli mountain (vid)
- INIOCHOS 2021 exercise spans all of Greek airspace (video)