Hatzidakis for Ethniki: Extremely positive development for the country’s banking system

«The successful completion of the process of selling 22% of National Bank shares to foreign and Greek investorswith a very large excess of supply on the part of investors, is extremely positive development for the National Bank and the country’s banking system“, says the Minister of National Economy and Finance in his statement, Kostis Hatzidakis.

“But it is also a development that follows other recent positive developments in the banking system, the successive upgrades of the credit rating of the Greek economy in recent months as well as corresponding positive evaluations for the country by international organizations. In this direction, the preparation, organization and implementation of the public offering by the Financial Stability Fund administration contributed, which I want to thank. It is indicative that this particular transaction was the most successful in the last three years in the EU in terms of the demand manifested and the minimization of the discount to the sale price. It is a source of optimism for our banking system and the Greek economy,” said the minister.

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Alexandra Hartman Editor-in-Chief

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