U.S. billionaire Wilbur Ross told CNBC that he was confident his investment in Greece's third-largest bank would work out, even as the country appears to be edging closer to defaulting on its debt.
Ross, well known for his investments in distressed assets, is one of a group of investors who pumped 1.3 billion euros ($1.47 billion) into Greece's Eurobank Ergasias last year.
Greek banks have been pummelled by an economy that has slipped back into recession and an exit of cash amid uncertainty over the country's future. Talks between Greece and its international creditors over unlocking aid for reforms collapsed at the weekend, raising concerns that Athens is heading for a debt default that could result in it leaving the euro zone.
However Ross insisted on Tuesday: "I think it will (work out) because I think they will make a deal at the end of the day."