NATIONAL BANK OF GREECE
Athens
22/10/2014
22/10/2014
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National Bank of Greece ("NBG") announces that, today, the Board of Directors of Finansbank A.S. resolved to submit to the Capital Markets Board of Turkey a draft prospectus relating to an increase of up to TL 715,000,000 in the paid-in capital of Finansbank, with waiver of pre-emption rights of existing shareholders, by means of a public offering of newly-issued shares.
Based on the restructuring plan approved by the European Commission Directorate General for Competition, NBG is required to reduce its shareholding in Finansbank so that its share ownership represents no more than 60% by the end of 2015.
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