Alpha denies capital increase
Alpha Bank, Greece’s third-largest lender, has denied that it is planning an imminent increase of its share capital. The bank said it was “constantly monitoring economic developments”, but said in a stock exchange filing that reports of a capital-raising were “totally inaccurate”. Chairman Yannis Costopoulos told shareholders in June that the bank was not planning to imitate National Bank of Greece, which launched a €1.25bn (£1.1bn) rights issue.