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National Bank announces €2.8 bln capital raise plan

08 September 10 - RE+D Magazine

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National Bank of Greece on Tuesday announced a capital increase plan worth €2.8 billion in a move aimed at boosting its capital base. Under the plan, the bank will raise around €1.8 billion from capital markets through a capital increase plan and the issuance of a convertible bond loan, while National Bank will raise another €1.0 billion from the sale of a 20 pct equity stake in Finansbank.

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