Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Greece’s ATEBank Considers Good/Bad Bank Split, Imerisia Says

Don't Miss Out —
Follow us on:

Feb. 8 (Bloomberg) -- Agricultural Bank of Greece SA may transfer around 7 billion euros ($9.29 billion) of troubled assets to a new company to avoid a recapitalization following a write down of Greek government debt, Imerisia said.

The new asset management company would be controlled and guaranteed by the state and would operate for around 10 years, the Athens-based newspaper said, citing a bank document.

The move, to be proposed after an agreement on a Greek debt swap, would allow the lender to have good asset quality and to become the healthiest Greek bank with no recapitalization needs, seen by the bank at 2.5 billion euros for covering the impact of the debt swap, Imerisia said.

To contact the reporter on this story: Paul Tugwell in Athens at

To contact the editor responsible for this story: Jerrold Colten at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.