Piraeus Bank seeks opportunity to return to capital markets

Piraeus Bank is monitoring developments in capital markets to find the opportunity for a bond issue, in the framework of a capital strengthening plan, Christos Megalou, the bank’s CEO told Reuters on Wednesday.

“The bank implements a capital strengthening plan unveiled in mid-2018. The bank is in constant talks with supervisory authorities and monitors capital markets to find a window of opportunity to launch a non-dilutive capital instrument issuance included in the plan,” he said.