NBG » Topics » Post Balance sheet significant events

This excerpt taken from the NBG 6-K filed Mar 31, 2009.

Post Balance sheet significant events

 

The Bank’s Board of Directors decided and the Extraordinary General Meeting of the Shareholders approved on 22 January 2009, the Bank’s participation in the Support plan for the strengthening of the liquidity of the Greek economy. The Bank will proceed with a €350 million share capital increase, through the issue of 70 million redeemable preference shares of a par value of €5 each, to be covered by the Greek State. Furthermore, the Bank will issue a €500 million bond guaranteed by the Greek State. Finally, on 27 February 2009, the Greek State appointed Mr. Alexandros Makridis, economist, to represent it as an additional member of the Bank’s Board of Directors.

 

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