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Provider: MacroRisk Analytics/EconomicInvestor
Provider: MacroRisk Analytics/EconomicInvestor
Provider: S&P Capital IQ Quantitative Report
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Eurobank Ergasias SA Announces Suspension Of Merger Process With National Bank of Greece SA

Monday, 8 Apr 2013 03:01am EDT 

Eurobank Ergasias SA announced that the relevant regulatory authorities, with the consent of the management of both banks, have decided that National Bank of Greece SA (NBG) and Eurobank Ergasias SA will be independently recapitalized in full. As a consequence, the merger process of the two Banks is being suspended. As per the announcement of the Bank of Greece, the recapitalization process for the four systemic banks will be completed before the end of April 2013.