Greece's bank bailout fund clears NBG's planned equity offering

Greece's bank bailout fund HFSF has given the green light to plans by National Bank (NBG) to proceed with a share offering of up to 2.5 billion euros to plug a capital shortfall, a senior banking source with direct knowledge of the matter told Reuters on Wednesday. Greece's biggest lender, which must plug a 2.18 billion euro ($3.03 billion) capital shortfall under the terms of the country's ...

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