PIRAEUS FINANCIAL HOLDINGS S.A.
Press Release
Participation in the legislative scheme for "Providing Enhanced Liquidity to the Economy"
The Piraeus Bank Board of Directors reached a decision during its meeting of December 10, 2008 in respect of the Bank's participation in the legislative scheme for "providing enhanced liquidity to the economy". Additionally, at the same meeting the Board decided to call an Extraordinary General Shareholders Meeting for Friday, January 23 2009, and to propose at that EGM the adoption of a decision to issue preferred shares for the amount of euro 370 million, which will be covered by the Greek State.
The Piraeus Bank Board of Directors reached a decision during its meeting of December 10, 2008 in respect of the Bank's participation in the legislative scheme for "providing enhanced liquidity to the economy". Additionally, at the same meeting the Board decided to call an Extraordinary General Shareholders Meeting for Friday, January 23 2009, and to propose at that EGM the adoption of a decision to issue preferred shares for the amount of euro 370 million, which will be covered by the Greek State.