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Eurobank Ergasias Services and Holdings SA has announced the repurchase of a total of 52.08 million shares previously held by the Financial Stability Fund, making it the first Greek systemic bank without state participation in its share capital following the 2010 crisis.
As the bank announced, the total price was €93.7 million, which translates to €1.80 per share.
In a statement, Eurobank's CEO, Fokion Karavias, stated that the successful repurchase of the full participation of the Financial Stability Fund is a milestone for the bank, the Greek banking system, and the Greek economy.
"Eurobank becomes the first systemic bank without state participation in its share capital," he added, noting that throughout the domestic fiscal and financial crisis, the Financial Stability Fund provided more than just financial stability but a productive collaboration that led to today's result.
As he pointed out, today, Eurobank can fulfill its ultimate purpose, creating value for all, promoting social, economic, and environmentally sustainable well-being for the communities we serve, and, above all, supporting the path of development for Greece.
