August 29, 2011 / 11:20 AM / 6 years ago

Greek finmin welcomes Alpha-Eurobank bank merger

ATHENS, Aug 29 (Reuters) - Greek Finance Minister Evangelos Venizelos welcomed on Monday a merger deal between the country's second and third largest lenders, saying it will benefit the debt-laden economy.

"This initiative shows that today's crisis can be an opportunity for structural moves that boost both the financial sector and the real economy," the minister said in a statement. "Qatar's participation sends an international message of confidence in the prospects of the Greek economy."

Alpha Bank (ACBr.AT) and EFG Eurobank EFGr.AT announced earlier on Monday a merger deal to create the country's largest lender. (Reporting by Harry Papachristou)

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