Greek bank capital increases: A breakdown of what has been achieved

Photo by MacroPolis
Photo by MacroPolis

National Bank of Greece (NBG) was the last of the four Greek core banks to complete its share capital increase this month, raising 2.5 billion on May 9.

The transaction was reportedly two times oversubscribed by international institutional investors through a book-building process outside of Greece with cancellation of pre-emptive rights.

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