CrediaBank is celebrating a successful capital raise, with a 3.8 times oversubscription, boosting the confidence of investors.
CrediaBank CEO Eleni Vrettou today rang the bell at Athens Stock Exchange, marking the start of the first trading session of the new shares of CrediaBank, resulting from its highly successful share capital increase.
The ceremony took place in a very pleasant atmosphere,at a moment of celebration of CrediaBank’s dynamic course and the strong confidence of the investment community, as reflected in the 3.8-fold oversubscription of the €300 million AMC, with total bids exceeding €1.1 billion. euros.
Following the greetings of Nikos Koskoletou, CFO of Athens Exchange Group and Michael Fekka, vice-chairman of the Capital Market Commission, in a statement, Eleni Vrettou said: “Today, we are ringing the bell with a special symbolism: the transition from a period of reconstruction to a new phase of growth and extroversion.
The successful completion of the share capital increase with the broad participation of high-profile investors from Greece and abroad, as well as thousands of private investors, confirms in practice the market’s confidence in our strategy. Especially, in a condition of geopolitical instability, this trust is doubly valuable and an even greater responsibility for us.
A big and sincere “thank you” to the CrediaBank team who for the past 3 years have been “putting their backs” to surpass ourselves and achieve goals that seemed impossible, to our shareholders and partners for their continued support and trust, and to our new investors who have recognized what we have achieved and support what we are planning for the next day. The significant strengthening of our capital position through this transaction enables us to accelerate our growth path, now creating a strong internationally oriented banking organisation with ever-increasing prospects. But we don’t stop here; we continue to work with one goal in mind: to be the best bank for everyone.”
CrediaBank continues to consistently implement its business plan, aiming to create long-term value for shareholders, strengthen its presence in international markets and support the real economy.
The event was attended by the Board of Directors and the Management Team of CrediaBank and among others, Mrs. Alexander Exarchou, Partner of Thrivest Holding, Mr. Yannis Argyropoulos, Legal Advisor of Thrivest Holding, Mr. Stefanos Theodorides, Chairman of the Supertank and Mr. Constantinos Angelopoulos, Non-Executive Member, Nominee Director of the Supertank, Mr. Konstantinos Kostopoulos, Managing Director of Morgan Stanley, Mr. Giorgos Katsikas, Managing Director of UBS, Mr. Guiseppe Giano, Chairman of the Board of Directors. Euroxx Securities, Ms. Madeleine Horrocks, Partner Hogan Novells, Mr. Apostolos Goutzinis, Partner Milbank LLP, Mr. Paris Economou, Head of Wholesale Banking Optima Bank, Mr. Giorgos Bersis, Managing Partner Potamitis Vekris, Mr. Alexander Varlas, Executive Board Member of Ambrosia Capital, Mr. Nikos Papachristopoulos, Partner Bernitsas Law etc.
