Greek banks to be recapitalised separately: central bank

Greece’s central bank said the country’s main four lenders would be recapitalised separately, a move that put on hold a planned merger between two of them.

“The Bank of Greece confirms that the recapitalisation process for the four systemic banks (National Bank, Alpha, Eurobank, Piraeus) is proceeding normally and will conclude in April in any case,” the central bank said.

“All four banks have already called -- or will call in the coming days -- shareholder meetings to approve capital increases,” it added.

via Business feed http://www.scmp.com/business/banking-finance/article/1209816/greek-banks-be-recapitalised-separately-central-bank