ATHENS Dec 7 Greek banks have asked their
boards for approval to take part in the country's sovereign debt
buyback for up to the full amount of their bondholdings, two
bankers said on Friday.
Greek banks, which hold an estimated 17 billion euros of
bonds out of the 63 billion eligible for the buyback, are
holding board meetings on Friday.
"The proposals by banks to their boards were positive on the
buyback offer, asking for approval to participate by up to 100
percent," said one banker, who declined to be named.
Board approval does not necessarily mean banks will offer
all of the Greek bonds they hold.
"All proposals (to bank boards) were positive, saying the
offer is beneficial," the second banker said.