Attica Bank announces full subscription of 240mln€ share capital increase

Attica Bank on Tuesday announced that it had fully subscribed a 240-million-euro share capital increase, whereby it will now issue 1.2 billion new common registered voting shares (each share with a nominal value of 0.20 euros)

In a statement, the bank said shareholders had also approved the entry of a strategic investor.

Following the share capital increase, the capital adequacy ratio CET1 comes to the bank’s pro forma level and – based on published results of June 30, 2021 – to nearly 11 percent, higher of the minimum rate in effect at present.

In a statement, Attica Bank said 2022 will be a landmark year, as its strategic plan includes a securitization of its senior notes in the “Heracles 2” program.

The full statement is here: