September 30, 2015 / 6:26 PM / 4 years ago

Greek regulator bans short-selling of bank shares

Greece's Prime Minister Alexis Tsipras in New York, September 27, 2015. REUTERS/Lucas Jackson

ATHENS (Reuters) - The Greek securities regulator said on Wednesday it had banned short-selling of Greek bank shares to avoid pressure on prices ahead of the recapitalization of the sector.

    “The decision will come into effect starting Oct. 1 and will last until Nov. 9,” the Capital Markets Commission said in a statement.

    It affects the shares of the country’s four largest banks - National Bank (NBGr.AT), Alpha Bank (ACBr.AT), Eurobank (EURBr.AT) and Piraeus Bank (BOPr.AT) - and also the smaller Attica Bank (BOAr.AT).

Reporting Lefteris Papadimas; Editing by Pravin Char

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below