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National Bank of Greece S.A. Message Board

  • teknowiz teknowiz Jul 11, 2013 6:35 PM Flag

    Does anyone understand Recapitalization plan?

    The bank has done poor job in explaining how the recap works IMO. I went through all press releases put out by bank twice already and still do not fully understand it.

    It said it raised 10.8 percent of the funds needed to plug a 9.65-billion-euro capital shortfall from private investors. So, with 2.2 for 1 right issue (postsplit), so that is 122*2,2 = 268.4 million new shares (postsplit) issued to private investors.

    So did bank already get remaining 8.61 billion come from HSHF? Do they get remaining 2 billion shares? Have they been already issued?

    What is the current share count?