ATHENS, April 12 A Greek Supreme Court
prosecutor has ordered an investigation into whether the share
prices of National Bank and Eurobank were
manipulated before and after their planned integration was
suspended, officials said on Friday.
The shares fell sharply on Monday after their plan to merge
was suspended and the prospect of nationalisation loomed
instead, after the banks said they were unlikely to be able to
raise the new capital they need from private investors.
However, the shares then bounced back on renewed hopes that
they would be able to find sufficient private funding after all.
"The prosecutor wants to examine whether there were persons
with privileged information and whether they committed any
crimes," said a court official who asked not to be identified.
Shares in NBG and Eurobank both fell by an initial 30
percent on Monday to 0.36 euros and 0.105 euros respectively.
NBG's shares closed on Friday at 0.64 euros while Eurobank
closed at 0.36 euros.
(Reporting by Renee Maltezou; Editing by Greg Mahlich)