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Greek banks to be sold


Greek banks to be sold

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.

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