ATHENS (Business News) - Greece's bank support fund on Monday disbursed 18 billion euros to the country's four biggest banks as a part of a long-planned recapitalization effort, a fund official said.
"The funds have been disbursed," the official at the Hellenic Financial Stability Facility, who declined to be named, told Business News.
The injection - via bonds from the European Financial Stability Facility rescue fund - will boost the capital base of National Bank (NBGr.AT), Alpha (ACBr.AT), Eurobank (EFGr.AT) and Piraeus Bank (BOPr.AT), allowing them to regain access to European Central Bank funding.
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