Greek banks inform investors of recapitalization process

Greece’s financial institutions are holding a series of meetings with international investors participating in Greece’s systemic banks in view of the recapitalization process to be completed later this year.

Bank officials are using these meetings as a chance to inform investors about general issues regarding Greek banks. The terms of the recapitalization process will be finalized by the end of next month.

The recapitalization program includes participation in the annual investment conferences of major firms like Merrill Lynch in London, UBS in Frankfurt, JP Morgan and Deutsche Bank.