National Bank of Greece shares plummet as capital increase plan goes ahead

Written by on April 15, 2014 in Business - Comments Off on National Bank of Greece shares plummet as capital increase plan goes ahead
a fanned-out sheaf of euro notes

National Bank of Greece (NBG) shares plummeted 12.13 per cent on April 14 as plans for the bank’s capital increase emerged. NBG is set to increase its capital by 2.1 billion euro to cover the shortfall identified by the recent stress tests carried out on Greek banks.

The bank is expected to take a decision on the possible capital increase at a meeting of the Board of Directors scheduled to be held on April 15.

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(Photo: Takis Kolokotronis/sxc.hu)

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