Greece has completed the re-privatisation of its banking sector by selling a 10% stake in the National Bank of Greece, raising €690 million to help reduce public debt. The sale, managed by the Hellenic Financial Stability Fund (HFSF), saw high investor interest, with oversubscription 12 times over. This marks the final stage of Greece’s effort to divest its stakes in major banks, signaling ongoing economic recovery after the financial crisis.
Tag: UBS
For the first time since 2008, Greek banks are set to distribute dividends totaling €814 million this summer, marking a significant recovery milestone. The European Central Bank’s approval has boosted investor confidence, with analysts forecasting robust future growth.
New data reveals stark wealth disparities in Greece, where the top 1% of the population…