EC: Alpha Bank/EFG Eurobank/Piraeus Bank/National Bank of Greece
27 Jul 2012 (UPDATED: 13 Mar 2026)
International
1 min read
The EC has temporarily approved, under EU state aid rules, a bridge recapitalisation provided by the Hellenic Financial Stability Fund (HFSF) in favour of Alpha Bank, EFG Eurobank, Piraeus Bank and National Bank of Greece, for reasons of financial stability. At the same time, the EC has opened four in-depth investigations to examine whether the measure is in line with its rules on state aid for banks during the crisis.