A communiqué by Piraeus Bank responds to inquiries by the SEC, after the press reports that foresee the former, absorbing General Bank.
The statement says: Piraeus Bank, after the completion of the recent capital increase, proceeded to explore various possible or alternative designs, in the framework of a more efficient reorganization of the group, taking into account the evolving Greek and international macroeconomic conditions, in order to achieve the best result in organization efficiency, profitability and covering the needs of the Greek economy.
This analysis includes General Bank as a member of the Piraeus Bank group. The above study is at an advanced stage and will soon be available to the evaluating corporate bodies for decision-making, when the informing of the investing public will immediately be happening.