National Bank of Greece

 Share capital increase to be completed by May 10 for new shares to start trading by end of next month

By Yiannis Papadoyiannis

During a roadshow in London, National Bank officials have observed particularly strong investor interest in the lender’s 750-million-euro bond issue and the planned share capital increase of 2.5 billion euros.

Greece's third largest lender Eurobank, which is issuing new shares to help plug a capital shortfall, said on Friday that the cash call will take place from April 25 to 29.

By Yiannis Papadoyiannis

The National Bank of Greece board is meeting on Tuesday to confirm the plan for the coverage of the lender’s capital requirements and for its share capital increase. Sources say that the increase will amount to about 2.5 billion euros and be supplementary to the strategy for creating capital by the sale of assets.

By Yiannis Papadoyiannis

National Bank of Greece has almost finished drafting its definitive plan to cover the lender’s capital requirements as determined by its Bank of Greece stress test, and a share capital increase may be on the cards after all.

Nikos Chrysoloras & Christos Ziotis

Greek lenders’ success last month in raising funds from foreign investors shows the government can reach its goal of returning to bond markets, said George Provopoulos, the country’s central-bank chief.

By Yiannis Papadoyiannis

After Alpha, Piraeus and Eurobank, National Bank of Greece is also preparing to cover its additional capital requirements, as determined by the Bank of Greece (BoG) stress test. However National is not in favor of a share increase, opting instead for the sale of assets and subsidiaries.

Pangaea REIC, the real estate investment trust owned by Invel Real Estate Partners and the National Bank of Greece SA, aims to raise about 1 billion euros ($1.4 billion) to invest in Greece and Italy, three people with knowledge of the matter said.

Alpha Bank has enough demand for all its stock as the Greek lender joined Piraeus Bank in selling 3 billion euros in shares to bolster capital, two people with knowledge of the matter said.