National Bank of Greece Shareholders Approve Capital Hike

National Bank of Greece Shareholders Approve Capital Hike

The shareholders of the National Bank of Greece approved the completion of an increase of the bank's capital by 2.5-billion-euro at an offer price of 2.20 euro per new share on Saturday, the Athens News Agency-Macedonian Press Agency reported.

The bank's equity offering, through a successful book building process held on May 6-8, was oversubscribed almost from the start.

Following the completion of the capital hike, the bank's free flow increased as the Hellenic Financial Stability Fund's stake shrank to 57% from 84.376%.

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