Eurobank Ergasias S.A. (Eurobank) was informed on 6.3.2014 by the Bank of Greece (BoG) on the calculation of its capital needs as these have resulted from the stress test of the Greek banks for the period 2013-2016. For this exercise the estimated losses of the loan portfolios and the estimated future ability of the banks to generate internal capital were considered.
Eurobank’s Board of Directors has already been convened to decide, in collaboration with the Hellenic Financial Stability Fund, on the convocation of an Extraordinary General Meeting for the share capital increase for an amount that will fully cover the basic capital needs of the Bank, which under the base scenario of the above exercise amount to €2,945 million.
Eurobank will inform the investment community on the developments regarding the above.