The Hellenic Financial Stability Fund (HFSF) decided today to vote in favor of National Bank of Greece’s (NBG) Share Capital Increase in the Extraordinary General Meeting which will be held on May 10th, 2014.
Mrs. Anastasia Sakellariou, CEO of the Hellenic Financial Stability Fund (HFSF),
stated:
“National Bank of Greece’s successful share capital increase highlights the
confidence of the international investors in the Greek banking sector and the
favourable prospects of the Greek economy. The conclusion of the second round of
the recapitalization is an important milestone for the transformation of the Greek
banks that have raised a total of €8.3 billion equity capital from the private sector
exceeding the capital needs as assessed by the Bank of Greece. The inflow of these
significant funds broadens the investor base of the banking system and ensures its
stability whilst preserving HFSF’s remaining capital of €11.5 billion.”
Lazard Frères S.A.S acted as the Fund’s financial advisor. Τhe Fund received valuation
reports regarding NBG from each of J.P. Morgan Limited and Nomura International
Plc.