Major Greek banks get EUR18 billion

On Tuesday Hellenic Financial Stability Fund announced the way in which temporary aid of EUR18 billion has been allocated among Greece's four major lenders. National Bank of Greece SA got EUR7.43 billion, EFG Eurobank Ergasias SA EUR3.97 billion, Piraeus Bank SA EUR4.7 billion and Alpha Bank AS EUR1.9 billion. These four banks together make up approximately 80% of banking system assets of Greece. The money was distributed on Monday. This financial aid guarantees that Greek banks can access the liquidity funding provision from the ECB and the Eurosystem. Now the banks are able to support the economy.