View full page at forexfactory.com

 

Greek banks to be recapitalised by Friday

From athensnews.gr

Greece's four largest commercial banks will receive 18 billion euros of recapitalisation funds by Friday, a senior banker at one of the four said on Tuesday. "We will get the money by Friday at the latest. Maybe we will get it tomorrow," said the banker, who declined to be identified. The funds are needed to recapitalise Alpha Bank, National Bank, EFG Eurobank and Piraeus Bank. Once they receive the recapitalisation, in the form of European Financial Stability Fund bonds, the banks will be able to resume funding operations with the European Central Bank, he said. "With this 18 billion euros in EFSF bonds we will ... (full story)

Story Stats

  • Posted:
  • Category: Low Impact Breaking News