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Greek banks need €40.5 billion injection

28.12.12 @ 09:15

  1. By EUOBSERVER

Greece's central bank says the country's four largest banks, the National Bank of Greece, Alpha, Eurobank, and Piraeus Bank, need €27.5 billion in capital after suffering heavy losses in a sovereign debt swap, reports Reuters. The bank said the capital needs for all 14 commercial banks amounts to €40.5 billion.