Greek bank avoids nationalisation
Filed under: News
The debt-stifled country's banks are being bailed out by a 50 billion euro (£42.5 billion) national rescue fund set up with international bailout cash.
To avoid nationalisation they must raise a 10th of their capital needs from private investors. The remaining sum will be provided by the rescue fund.
In a statement, NBG said it has raised more than that minimum. It said it would provide further details on Friday. Its total recapitalisation plan is worth 9.76 billion euro (£8.3 billion).
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