Eurobank Polish Unit Deal Expected in Days, CEO Says

EFG Eurobank Ergasias SA, Greece’s second-biggest lender, expects a deal for the sale of a majority stake in its Polish unit, Polbank EFG, may be reached in the coming days, Chief Executive Officer Nicolaos Nanopoulos said.

“It’ll be completed in the near future,” Nanopoulos told shareholders at a meeting in Athens today. The sale will help boost the lender’s capital adequacy ratio by 150 basis points this year, he said.