Banc Post has another 30m euros for expansion

Banc Post’s General Meeting of Shareholders at the end of last week approved a 30m-euro bond issue, exclusively subscribed by the bank’s majority shareholder EFG Eurobank. The sum can be supplemented by another 15 million euros at the request of shareholders owning more than 5% in the bank’s stock. According to the bank’s Communication Department, shareholders holding a stake of more than 5% will be able to voice their interest in Banc Post bonds within two weeks. The additional value of the issue cannot exceed 15 million euros. At the same time, the new shareholding structure of the bank has been approved. EFG Eurobank has seen its participation in Banc Post go up 5.34%, to 58.59%. ZF