Hellenic Financial Stability Fund

Attica Bank, Greece's fifth largest lender, has raised 672.2 million euros in the context of the share capital increase that was completed and covered to the tune of 86.94% by existing shareholders.

As part of the increase, 359,469,360 shares were issued and the same number of share purchase certificates, which were made available to the participants in the increase.

Hello, now don’t tell me the story about Catholic priests and nightclubs isn’t sexy. Not that we have a problem with Catholics, or all priests for that matter, but brother, it’s a bit odd to see hundreds of thousands being transferred from an Archdiocese (Syros) to some shady companies dealing in nightlife.

The credit institutions that are considered systemically important and the safety reserve that each of them must have for 2025 has been determined by a decision of the Bank of Greece.

“The Bank of Greece welcomes the completion of the placement by the Hellenic Financial Stability Fund (HFSF) of 10% of the share capital of National Bank of Greece,” says the Governor of the CBE Giannis Stournaras, on the occasion of the completion of the placement of NETE.

Greece concluded on Thursday the re-privatization of its lenders with the sale of a 10% stake in National Bank (NBG) amid strong demand from investors, the bank bailout fund said.

The sale raised 690 million euros ($760.93 million), which will be used to help Greece reduce its pile of public debt, the eurozone's biggest as a percentage of economic output.

Bank bailout fund HFSF has said that it will not accept bids below 7.55 euros per share in an equity offering of National Bank of Greece, citing strong demand by investors.

HFSF is selling a 10% stake in National Bank, the country's second largest bank by market value, through a book-building process and a public offer in Athens which ended at 3 p.m.

Demand for the 10% stake in the National Bank of Greece was covered approximately nine times on Monday, the first day that the offer book was opened, with the disposal of 91,471,515 shares out of the total of 168.2 million shares controlled by the public.

 The Greek stock market struggled to withstand international pressure, concluding the first session of October with a downward trend. The domestic market exhibited sluggish movement, with stabilization trends dominating as investors awaited the completion of the National Bank’s placement.

Demand for a 10% stake sale in the National Bank of Greece (NBG) by the country's bank bailout fund was oversubscribed by six times on Monday, in the first day of a book-building process which ends later this week, two sources told Reuters.

Greece's bank bailout fund HFSF began the process of selling a 10% stake in National Bank of Greece on Monday, marking the end of re-privatization of Greek lenders.