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Greece: Regulators reportedly to okay bank merger resulting in 40 percent market share

By  |  January 18, 2013
Greece: Regulators reportedly to okay bank merger resulting in 40 percent market share

According to one report, Greece, whose economic crisis has plagued the nation for years, is reportedly supporting anti-competitive banking mergers as it looks to approve of the creation ot a bank that would hold 40 percent market share of deposits. The report cites the International Monetary Fund as assuring that Greek regulators will approve of a merger between NGB and Eurobank, two of the largest banks in the country.

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