BREAKING NEWS

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.