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Athens Macedonian News Agency: News in English, 14-11-05
CONTENTS
[01] Alpha Bank dismisses talk of capital increase plans
[01] Alpha Bank dismisses talk of capital increase plans
ANA/MPA---Alpha Bank's management categorically dismissed talk it
planned a share capital increase plan following a successful stress test.
Responding to analysts' questions during a conference call, in the
framework of the release of its nine-month results, Alpha Bank's
management said the bank presented a capital surplus of 3.0 billion
euros under the basic scenario of the stress test and 1.3 billion euros
under the adverse scenario for its static balance sheet. Alpha Bank's
exceptional stress test results showed that it was the only Greek bank to
pass all stress test's scenarios. "We are certain that everyone that can
read and understand numbers realizes that such rumours were completely
unfounded and speculative concerning our bank. We have significant
capital surpluses and our capital position is compared only with the
best and capital robust banks in Europe, which makes any discussion over
a capital increase out of order," the management said responding to an
analyst question.
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