Τ BANK Α.Τ.Ε.
Announcement.
Aspis Bank announces that it has acquired Subordinated Lower Tier 2 Notes amounting to EUR 50,250,000 issued by its 100% subsidiary Aspis Jersey Ltd. The Bank had issued a subordinated guarantee for these notes.
The buy-back was effected with the approval of the Bank of Greece and as financed by the Bank's current liquidity. The Notes shall subsequently be cancelled. The total benefit of the buy-back and cancellation of said Notes amounts to approximately EUR 27m and shall be included in the Bank's consolidated Q3 2009 financials as income from financial transactions. It shall strengthen the Bank's tier 1 equity and its tier 1 capital ratio by approximately 2 per cent which, based on the capital and risk weighted assets as of 30.6.2009, shall amount to approximately 7.5%.
The buy-back was effected with the approval of the Bank of Greece and as financed by the Bank's current liquidity. The Notes shall subsequently be cancelled. The total benefit of the buy-back and cancellation of said Notes amounts to approximately EUR 27m and shall be included in the Bank's consolidated Q3 2009 financials as income from financial transactions. It shall strengthen the Bank's tier 1 equity and its tier 1 capital ratio by approximately 2 per cent which, based on the capital and risk weighted assets as of 30.6.2009, shall amount to approximately 7.5%.