Global Trade Alert
Global Trade Alert

Greece: Recapitalisation of NBG bank

Announcement

03 May 2010

In May 2010, the government of Greece announced a change in private-sector financial support.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

28 May 2012

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 20 April, the Hellenic Financial Stability Fund (HFSF) undertook a share capital increase of NGB Bank, worth EUR 6.9 billion. HFSF was established on 3 May 2010 and its main objective is to safegua...

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