Greece‘s bank support fund on Monday disbursed 18 billion euros to the country’s four biggest banks as a part of a long-planned recapitalisation effort, a fund official said.
“The funds have been disbursed,” the official at the Hellenic Financial Stability Facility, who declined to be named, told Reuters.
The injection – via bonds from the European Financial Stability Facility rescue fund – will boost the capital base of National Bank, Alpha, Eurobank and Piraeus Bank, allowing them to regain access to European Central Bank funding
Reuters