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Treasury & Loans Fund to boost banking operations

Δημοσίευση 26 Νοεμβρίου 2010, 10:28 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Treasury & Loans Fund to boost  banking operations
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The finance ministry on Thursday announced a plan to separate operations of the Treasury and Loans Fund, in a move aimed at boosting the banking activities of the organisation.

The finance ministry on Thursday announced a plan to separate operations of the Treasury and Loans Fund, in a move aimed at boosting the banking activities of the organisation.

Under the plan, the fund will continue offering treasury public services, while a subsidiary company will operate as a banking entity.

A ministry announcement said a survey will be drafted on the plan, noting that the new structure of the Treasury and Loans Fund will help in the development of the organisation. The move is part of the 10 major challenges facing the Greek economy, presented by Finance Minister George Papacon-stantinou on Tuesday.

The next move, expected by the end of the year, is a restructuring plan for ATEbank, in agreement with the troika and the European Union’s competition agency over approving the Greek state’s participation in a share capital increase plan by the bank