Bloomberg News

Bank of Greece Transfers Deposits of 3 Cooperative Banks to NBG

March 23, 2012

The Bank of Greece (TELL) transferred the deposits of three cooperative banks whose licences it revoked to National Bank of Greece SA (ETE), the country’s biggest lender.

The move secures the deposits of all customers with deposits at Achaiki Cooperative Bank, Lamia Cooperative Bank and Lesvos-Limnos Cooperative Bank, the Athens-based institution said in an e-mailed statement.

To contact the reporter on this story: Marcus Bensasson in Athens at mbensasson@bloomberg.net

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net


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