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Friday, June 14, 2013

National Bank of Greece raises enough funds to remain private

National Bank of Greece said on Friday it had raised enough money from private investors in a share offering to ensure it avoids state control.NBG is the second major Greek lender to successfully recapitalize without falling under the full control of the Hellenic Financial Stability Fund (HFSF), a vehicle to rescue Greek banks under an EU-IMF bailout plan.Detailing the results of its 2.2-for-1 ...

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