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Monday, June 3, 2013

Alpha Bank raises enough capital to avoid nationalization

Greece's Alpha Bank says it has raised enough capital to avoid being nationalized, the first Greek bank to meet that target.The country's third-largest lender by assets said on Monday that foreign investors contributed significantly to its rights issue and private placement, which were held last month.Greece's banks are being bailed out by a national rescue fund. To avoid ...

READ THE ORIGINAL POST AT www.greekherald.com