Bloomberg News

National Bank of Greece May Be Interested in Emporiki, FT Says

June 30, 2012

National Bank of Greece SA, Alpha Bank AE (ALPHA) and EFG Eurobank Ergasias SA (EUROB) have shown interest in buying Credit Agricole SA’s (ACA) Greek unit, the Financial Times reported.

France’s Credit Agricole asked local Greek banks to submit bids for a majority stake in its Emporiki Bank SA unit earlier in June amid concerns of a bank run in Greece, the FT said, citing an unidentified source.

The three banks indicated they were prepared to make bids for Emporiki if they get approval from the Hellenic Financial Stability fund, according to the report. The French bank declined to comment, the report said.

To contact the reporters on this story: Ambereen Choudhury in London at achoudhury@bloomberg.net

To contact the editors responsible for this story: Edward Evans in London at at eevans3@bloomberg.net


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