Greece’s central bank ruled out the possibility of the country’s commercial lenders buying back preference shares held by the state any time soon, Kathimerini reported today, without saying where it got the information.
Bank of Greece decided that under the current financial climate, the country’s lenders aren’t ready for the withdrawal of the liquidity support package agreed in May, the Athens-based newspaper said.
The largest stakes held by the state are in EFG Eurobank Ergasias SA (EUROB) and Alpha Bank SA, each with 950 million euros ($1.3 billion), with the government also holding shares in another seven lenders, Kathimerini said.
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