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GD         Turnover  mln.
ANNOUNCEMENTS

Piraeus Bank: Announcement

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Following a relevant inquiry by the Hellenic Capital Markets Commission, Piraeus Bank informs the investment community that it doesn’t hold any privileged information regarding the assessed required capital buffer of the Bank, in the framework of the capital exercise conducted by the European Banking Authority (EBA). 

On 27.10.11, EBA published the analytical methodology used to assess the required capital buffers for a 9% Core Tier 1 ratio, along with the per country results. Specifically for Greece, EBA only announced that the available €30 billion capital of the Hellenic Financial Stability Fund exceeds the required capital estimated by EBA so that a level of 9% Core Tier 1 ratio is reached.

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