Greece's ongoing divestment from banking sector creates new lender, stirs controversy

EconomyBanking Tags: Banking, BoG, HFSF
Photo via Flickr https://flic.kr/p/4hVnhM
Photo via Flickr https://flic.kr/p/4hVnhM

The deal for the merger between Attica Bank and Pancreta raised more questions than the Greek authorities would have anticipated regarding what was presented as one of the final steps for the state to reduce its participation. 

Attica Bank was the last bank in which the Greek state had a majority shareholding via the Hellenic Financial Stability Fund, with a stake that exceeded 72 pct as the Greek government executed its divestment strategy.

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