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Greece allocates 25 bln euros in state guarantees to banks

Δημοσίευση 1 Δεκεμβρίου 2010, 09:26 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Greece allocates 25 bln euros  in state guarantees to banks
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The allocation of a new 25-billion-euro package of state guarantees between Greek banks was decided on Monday during a meeting between Bank of Greece (BoG) Governor George Provopoulos and the Hellenic Bank Association board, held in the presence of Finance Minister George Papacon-stantinou.

The allocation of a new 25-billion-euro package of state guarantees between Greek banks was decided on Monday during a meeting between Bank of Greece (BoG) Governor George Provopoulos and the Hellenic Bank Association board, held in the presence of Finance Minister George Papacon-stantinou.

According to reports, the plan, already at the ministry of finance for approval, provides that guarantees eyed for banks to be proportional to their size and the market shares they own. Therefore, each of the four largest banks will receive guarantees estimated at between 3 and 4 billion euros.