Attica Bank fully covers €240 million share capital increase

Attica Bank

Attica Bank fully covered its 240-million-euros share capital increase, it announced on Tuesday.

In addition, shareholders approved a strategic investor for the bank, it added in a statement.

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%, significantly higher of the minimum rate in effect at present.

In a statement, the bank noted that 2022 will be a landmark year for Attica Bank, as its timetable includes incorporating its securitization’s senior notes in the “Heracles 2” program.

This will rationalise the balance sheet and free regulatory capital, which will be funneled to develop the bank’s projects and increase its loan portfolio.

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