Piraeus Bank confirms 1.05 bln euro capital boost - Financial Mirror

Piraeus Bank confirms 1.05 bln euro capital boost

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 Piraeus Bank <BOPr.AT>, Greece's fourth largest lender, said on Friday it plans to boost capital by 1.05 billion euros ($1.45 billion), in view of stricter capital adequacy rules.

Confirming an earlier Reuters story the bank said it would convene shareholder meetings on November 23 to approve a 800 million euro rights issue and a 250 million euro issue of convertible bonds.