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.