10.25.2010Announcement of the NBG capital strengthening plan realization
The National Bank of Greece S.?. informs the public that in October, it successfully increased the share capital by sale of shares and convertible notes to its existing shareholders on the financial markets. The Capital Strengthening Plan certified by the Bank’s Board of Directors was realized very successfully, as the Bank noted 1.83 times higher subscription of the shares and convertible notes on the first auction than projected, i.e. shares and convertible notes in the amount of EUR 3.3 billion were primarily subscribed vis a vis to the initially offered EUR 1.8 billion.
By increasing the share capital by EUR 1.8 billion, NBG is now fifth in Europe by capital adequacy ratio. In accordance with the Capital Strengthening Plan, the second phase which should follow, will additionally have positive impact to the capital adequacy ratio, thus, NBG will gain the leading position among the European Banks according to the stability and the capital strength.
Stopanska Banka AD – Skopje as a member of NBG Group is proudly communicating the results of the Capital Strengthening Plan of NBG Greece, proving that together with the parent Bank are leaders in the banking sector in the region and has legitimate confidence of their clients. Moreover, we are obliged to continue to be leaders in the economic development with consistency and responsibility towards the shareholders, clients, employees and the society.
Stopanska Banka AD - Skopje
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