Marfin submits capital enhancement plan

Marfin Laiki Bank

Marfin Popular bank, the island’s second-biggest lender, said yesterday is has submitted to the Central Bank a capital enhancement plan designed to raise its benchmark core Tier 1 capital to 9 per cent by the end of June.

The European Banking Authority (EBA) had said in December that MPB would require additional capital of €1.97 billion to reach a core Tier 1 ratio of 9 per cent.


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