National Bank completes share offering, raises 2.5bn euros

The National Bank announced on Friday that it has successfully completed its share offering and prices its new shares at 2.2 euros each, after closing…

The National Bank announced on Friday that it has successfully completed its share offering and prices its new shares at 2.2 euros each, after closing books on Thursday.

According to the statement released by Greece’s biggest lender, the share offering was oversubscribed, indicating the international support for the recovery efforts.

After the successful capital increase, the FSF’s share dropped from 84% to 57%, which the bank management argued was the first step towards increasing private participation.

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