April 16, 2014 / 5:22 PM / 3 years ago

Greece's NBG confirms 2.5 bln euro share issue in May

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ATHENS, April 16 (Reuters) - Greece's largest lender National Bank (NBG) confirmed on Wednesday it will go ahead with an equity offering of up to 2.5 billion euros ($3.45 billion) to plug a capital gap revealed last month by a stress test.

NBG's board set a shareholders meeting on May 10 to formally approve the plan, aiming to conclude the fundraising by the end of May, the bank said in a statement. ($1 = 0.7243 Euros) (Reporting by George Georgiopoulos, editing by Harry Papachristou)

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