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"The capital increase will enable even greater range of clients to use our expanding services" - Nicholas Zenzefilis, Board Member, Treasury Director of Piraeus Bank
20 June

Nicholas Zenzefilis, Board Member, Treasury Director of Piraeus Bank noted that even during the difficult times for the whole banking system Piraeus Bank Group is showing its commitment to its presence in the Ukrainian Market. And this increase of share capital will enable even greater range of clients to use the Bank’s expanding services. "The decision, taken on 6 June, 2014 at the General Shareholders Meeting, indicates that the shareholders are planning to further develop the financial institution and support its future expansion. As a result of this increase, Piraeus Bank ICB achieves even greater financial stability, stronger capital adequacy ratios and further support for expanding its operations", - concluded the banker.

The increase in the participation of the share capital by EUR 25 million is planned by means of the additional share issue. The equivalent in local currency will depend on the EUR/UAH rate at the time of issuing.