TWO GREEK BANKS READY MERGER

Blow of the economic crisis unabated made ​​two banks in Greece preparing for the merger. Both the bank is the National Bank of Greece (NBG) and Eurobank Ergasias. Both, wrote the AP and AFP on Saturday (06/10/2012). "We've undergone constructive talks," said Chief George Zannias NBG in Athens.

He added that it is ready to take over the shares Euorbank Ergasias. "Later this merger will result in a new entity," said the CEO of Eurobank Ergasias Nikolaos Nanopoulos the occasion with these Zannias.

Later, if the merger is realized next month, the two banks will be pocketing the total assets of the incorporation of more than 177 billion euros, equivalent to 231 billion U.S. dollars. Both also will have 1,800 branches following 50,000 employees throughout Greece and the southern European countries such as Serbia, Bulgaria, and Turkey.

In accordance with the agreement notes the two leaders of the bank and Financial Stability Fund, NBG will have 75 percent of the merged bank.

Talks about the merger is the unity of the Greek government's efforts to solve problems and donor financial crisis in Greece. The crisis is already running two years later. Downsizing banks in Greece is believed to be able to release it from the State of the Gods and prevent the Greek crisis turns out of the euro zone.

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