Further to the release of the capital requirements by the Bank of Greece for the Greek banking sector and the revision of Law 3864, HFSF announces that it has consented to Eurobank’s calling of an Extraordinary General Meeting to approve a capital increase via a non-preemptive share issue in the amount of up to €3bn. In the context of the amended HFSF Law, in the event that private sector participation in the issue exceeds 50%, HFSF undertakes (a) to enter into a new relationship framework agreement with Eurobank similar to that of the other systemic banks and (b) not to sell any shares that it holds in Eurobank for
a period of 6 months after the offering.
Mrs. Anastasia Sakellariou, CEO of the Hellenic Financial Stability Fund (Fund), regarding Eurobank’s upcoming capital increase stated: “The Fund, consistent with its scope, supports Eurobank’s effort to attract strong private sector interest with a view to strengthening the bank’s capital adequacy and broadening its shareholder base.”