Saturday, March 30, 2013

EU, IMF resisting merger of Greek banks NBG, Eurobank: paper

Greece's international lenders have asked Athens to halt the merger of National Bank (NBGr.AT) with Eurobank (EFGr.AT), worried that the resulting lender would be too big for the state to deal with, daily Kathimerini reported on Saturday.

The paper said the European Union, European Central Bank and International Monetary Fund troika had raised issues over the size of the merged entity relative to Greece's gross domestic product (GDP) and the banking sector as a whole.

Two banking sources, speaking on condition of anonymity, confirmed to Reuters that doubts had been raised.