May 28, 2012
Greece handed 18 billion euros ($22.6 billion) to its four biggest banks on Monday, an official said, allowing the stricken lenders to regain access to European Central Bank funding.
The long-awaited injection—via bonds from the European Financial Stability Facility rescue fund—will boost the nearly depleted capital base of National Bank, Alpha , Eurobank and Piraeus Bank.
“The funds have been disbursed,” an official at the Hellenic Financial Stability Facility, who declined to be named, told Reuters.
This article was posted: Monday, May 28, 2012 at 12:53 pm