HFSF to concede stakes in banks, starting with Eurobank
[Reuters]
The disinvestment program of the state from its holdings in banks will be fully implemented from this fall, starting with Eurobank and the allocation of its 1.4% stake.
Up next will be National Bank, in which the Hellenic Financial Stability Fund (HFSF) has the largest stake, amounting to 40.39%.
The intention of the Economy and Finance Ministry is to allocate 20% of its holding in NBG at the end of 2023 or at the beginning of 2024.
The timetable foresees that in 2024 a percentage of 15% of the 27% it controls in Piraeus Bank will also be allocated, and then it will be followed by Alpha Bank, in which the state controls a 9% stake.
