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MarketScreener Homepage  >  Equities  >  Athens Stock Exchange  >  National Bank of Greece       GRS003003027

NATIONAL BANK OF GREECE

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Greece's Eurobank says merger plan with NBG suspended

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04/08/2013 | 03:14am EDT
Commuters walk in front of the old headquarters of National Bank in Athens

ATHENS (Reuters) - Greek lenders National Bank (>> National Bank of Greece) and its unit Eurobank (>> Eurobank Ergasias SA) will be recapitalised separately, meaning their plan to merge will be suspended, Eurobank said on Monday.

ATHENS (Reuters) - Greek lenders National Bank (>> National Bank of Greece) and its unit Eurobank (>> Eurobank Ergasias SA) will be recapitalised separately, meaning their plan to merge will be suspended, Eurobank said on Monday.

Eurobank said its board will meet on Tuesday to decide on its recapitalisation.

"The final decisions regarding the merger process will be taken by the banks' future common shareholder, the HFSF (Hellenic Financial Stability Fund).

(Reporting by George Georgiopoulos, editing by Angeliki Koutantou)

Stocks treated in this article : Eurobank Ergasias SA, National Bank of Greece
Stocks mentioned in the article
ChangeLast1st jan.
EUROBANK ERGASIAS S.A. 0.00% 0.375 Delayed Quote.-59.24%
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Managers
NameTitle
Paul K. Mylonas Chief Executive Officer & Executive Director
Costas P. Michaelides Non-Executive Chairman
Nektarios Divaris Assistant General Manager-Operations
Christos Christodoulou Chief Financial Officer & General Manager
Stratos Molyviatis Group Chief Information Officer & Assistant GM
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