September 20, 2017 / 3:51 PM / a year ago

Piraeus bank sees no material impact from central bank audit

ATHENS, Sept 20 (Reuters) - Greece’s largest lender by assets, Piraeus bank, said on Wednesday it did not expect any material impact on its capital and financial state as a result of an audit by the country’s central bank.

“The bank clarifies that it does not expect any substantive impact on its financial and capital situation as a result of the Bank of Greece supervisory audit in relation with older compliance issues and internal procedures,” it said in a statement.

Shares in Piraeus Bank tumbled more than 11 percent on Wednesday on media reports that a central bank investigation had found some of the bank’s employees had been involved in regulatory violations.

Reporting by George Georgiopoulos; Editing by Adrian Croft

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