Marfin FG poised for major capital increase

The Board of Directors of Marfin Financial Group were meeting late Wednesday afternoon to decide on a new capital increase, which informed sources say may be the biggest ever made in Greece.

The Board meeting is held in the presence of representatives of Dubai Investment, which through the three-way merger with Laiki are now the biggest shareholders of Marfin Popular Bank, the majority owner of Marfin Financial Group.

Some reports, as yet unconfirmed, suggest that the capital increase may reach EUR 3 bln.