Tag: bank privatisation

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Greece to Complete Bank Privatisations with October Sale of Final Stake

Greece is set to finalise its post-crisis bank privatisations by early October with the sale of its remaining stake in the National Bank of Greece (NBG), according to sources. The Hellenic Financial Stability Fund (HFSF), which still holds 18.4% of NBG, plans to sell 10-13% of this stake. The move signals a recovery for Greeceā€™s banking sector, which had been heavily supported during the debt crisis.