Procedure for placing holding percentage This Inside Piraeus BankAt the same time the Capital Markets Commission announced how Approved the contents of the prospectus For public offering. Today, Sunday, March 3, the extraordinary meeting of the Capital Markets Commission aims to approve the terms of the book building in Greece, the process of the integrated domestic and foreign offer (international offer – Greek pronunciation) starts tomorrow, Monday, March 4 and is expected to end on Wednesday, March 6.
In detail, the Capital Market Commission announced that its Board of Directors met today, Sunday, March 3, and approved the applications of “Piraeus Financial Holdings S.A.” and for the Financial Stability Fund (TFS). Approval of the content of the prospectus for public offering in Greece The existing common, registered, non-voting intangible shares are owned by the HFSF and are listed on a regulated market. Athens Stock Exchange».
See the Capital Markets Commission report here
Price range
Artemis Spiliotti has revealed since SaturdayThe bid price is expected to be generated above the range Stocks were close to close levels on Friday, That is close to 3.9860 euros Recorded a decline of 2.06%, most of the trading took place ahead of the job offer.
On Thursday the board of the stock market “wrote” +5.22% for the Piraeus share, breaking the barrier of 5 billion euros at 4,070 euros.
Bank of Piraeus / Source: Intime
National Bank's spot had a strike price range of 5-5.44 euros and the stock closed at 5.46 euros, with a final offer price of 5.30 euros.
The Capital Markets Commission will also meet tomorrow to approve the prospectus so that job announcements can be made before the start of the Athens Stock Exchange session on Monday morning.
The bid book is open until Wednesday 6 March (International Auction – Greek Pronunciation).
The market has discounted the success of the job offer and the overhaul and expects interest from long-term investors to be high, which is the question.
►Read more: Piraeus Bank: HFSF locks in exit model – BofA's proposal tomorrow – Monday book building
Impressive change
Investors and analysts are focusing on Piraeus Bank's impressive turnaround story – the 2021 IPO was made at an offer price of 1.15 euros and the stock fell to a historic low of 0.70 euros in July 2022 – leading to this. Profitability and a healthy balance sheet pave the way for dividend distribution and growth trajectory as envisaged in the business plan for the period 2024-2006.
►Also Read: Piraeus Bank: 27% HFSF placement with discount in 5% zone
Where is the bank looking?
Specifically, the Bank aims to:
- A recurring net profit of one billion euros per year.
- Maintaining high interest income at €1.9 billion in 2024 and €1.8 billion in 2025 – 2026.
- The CET1 ratio increased to 14% this year, 14.5% in 2025 and 15% in 2026.
- An increase in loans of about 5% in 2024 and 6% in the two years 2025 – 2026, as a result of which they will “touch” 35.5 billion euros at the end of the period.
- The NPL ratio is below 3.5% this year, 3% in 2025 and 2.5% in 2026.
- Profit distribution ratio of approximately 25% from 2024 and 50% in the next two years.
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