Attica Bank

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BOAX

Attica to sell loan portfolio to a British group

The governing board of Attica Bank has accepted an offer from British financial group Aldridge EDC for a loan portfolio worth 1.3 billion euros.

The sale, which requires ratification by the bank's general meeting, forms part of the strategy of Greece's fifth-largest bank to cover 70 million euros in capital requirements.

ATHEX: Bourse index rises above 700 points

The benchmark of the Athens bourse has cleared the 700-point bar for the first time since early November 2015 after a third consecutive northbound session on Wednesday, while the banks index has now offset all of the losses incurred over the course of this year. Turnover remained on a level reminiscent of the years before the capital controls were imposed.

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