Greece Pours $22.6 Billion Into Four Biggest Banks

Reuters
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.

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