![Latest «hiccup» reportedly emerges in future Attica Bank share capital](https://www.ot.gr/wp-content/uploads/2021/08/attica-bank.jpg)
The latest «hiccup» in non-systemic Attica Bank’s planned share capital increase, according to banking sources in the Greek capital on Monday, apparently has the Thrinvest investment group ending a due diligence process, a negative development given the latter’s stated interest in the lender.
Thrivest is controlled by a trio of investors, namely, Dimitris Bakos, Giannis Kaimenakis and Alexandros Exarchos.
The same sources said Thrivest’s leadership has decided to freeze interest in the Attica Bank’s share capital due to a reluctance by the Hellenic Financial Stability Fund (HFSF) and TMEDE, the successor to the previous civil engineers’ fund, to accept the former’s conditions for placement of 100 million euros in the ATHEX-listed lender. HFSF and TMEDE are major shareholders in Attica Bank.
One «thorn», the same sources said, is disagreement over what course to follow with a portfolio of NPLs held by Attica Bank.
Thrivest current holds a majority stake in Pancreta Bank, another small non-systemic bank based in Greece, with previous and public statements pointing to a possible merger between the two in order to create a «fifth banking pole» in the country.
A more-or-less Delphic signal by Thrivest is that it isn’t withdrawing from the share capital process but merely “freezing” its participation.
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