Greek banks to be sold

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Greek banks to be sold

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Two of Greece’s banks are set to be sold under the country’s plans to revive the finance sector.

Smaller lenders Hellenic Postbank and Proton – currently owned by the Hellenic Financial Stability Fund – have been split into good and bad parts.

The country’s four biggest banks are being recapitalised.

Institutions deemed non-viable are being wound down

The whole recapitalisation process is expected to be wrapped up by mid June.