Greek banks conclude series of corporate actions as part of restructuring

EconomyBanking Tags: Alpha, Banking, BoG, Eurobank, NBG, Piraeus

Greek banks concluded a number of corporate actions in the last month of 2016 as part of the implementation of their restructuring plans, which includes disposal of non-core assets and focus on specific markets.

On December 30, NBG announced it entered into a definitive agreement with the Belgian KBC Group for the sale of a 99.91 percent stake in NBG’s Bulgarian subsidiary United Bulgarian Bank (UBB).

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