Greek Banks To Recap Without All Rescue Funds

13 Jun 2013

Greece’s banks are expected to recapitalize without using all the rescue funds made available to them, according to George Provopoulos, governor of the Bank of Greece. Roughly EUR7 billion ($9.33 billion) of the allotted EUR50 billion ($66.63 billion) is expected to be left over after all the nation’s banks plug capital holes.

Greece’s banks are expected to recapitalize without using all the rescue funds made available to them, according to George Provopoulos, governor of the Bank of Greece. Roughly EUR7 billion ($9.33 billion) of the allotted EUR50 billion ($66.63 billion) is expected to be left over after all the nation’s ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial