Bloomberg News

Greek Banks’ Binding Bids for Emporiki Due Aug. 8, Imerisia Says

August 03, 2012

Greece’s three biggest banks, which have expressed interest in Credit Agricole SA’s Greek unit, have until Aug. 8 to submit binding offers, Imerisia reported.

The Hellenic Financial Stability Fund has set four conditions for offers by National Bank of Greece SA, EFG Eurobank Ergasias SA (EUROB) and Alpha Bank SA for Emporiki Bank SA, the Athens-based newspaper reported, without citing anyone.

The conditions include securing recapitalization funds and the current liquidity level from Credit Agricole as well as the HFSF performing due diligence on Emporiki, the newspaper said.

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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