“In the case of the Increase in the Share Capital of Attica Bank, which will lead to the creation of a private bank with Greek taxpayers’ money, the damage to the Greek State is a given and obvious”, underlines SYRIZA-PS in a statement.

“Through this process, it is expected that the public will come to own 33% of Attica Bank, having suffered a loss of 800 million euros, while today it owns 72.5% of the share capital, through the Financial Stability Fund (TFS). Individuals with just 300 million euros will find themselves with 51% of the Bank’s shares”, he emphasizes, pointing out that “in accordance with the provisions of the law on the operation of the HFSF (article 8 of Law 3864/2010 as amended by article 10 of N 4941/2022), the participation of the HFSF in AMK requires “a report from two independent financial advisors, who confirm that the intended participation in the issuance of new shares or other property securities contributes to maintaining, protecting or improving the value of the existing participation of the State in the Bank’s capital or the disinvestment prospects from it””.

“Therefore, the Minister of Finance, as well as Mr. Mitsotakis himself, must answer us today: is the value of the shares of the HFSF and therefore of the State in Attica Bank maintained, protected or improved with this specific increase in Share Capital?

Is there a required report?

If so, who signs it, making sure that the interests of the State are protected from the decision to increase share capital with a loss of 800 million Euros?”, SYRIZA-PS continues and concludes:

“Finally, it turns out that the amendment brought by Floridis and voted by the government 15 days ago, with which the offense of disloyalty against a bank and also the HFSF will be examined not by the competent judicial authority, but by officials appointed by the Bank of Greece, it wasn’t accidental at all…”.