Greek Banks Rise on Recapitalization Agreement: Athens Mover
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Greek lenders led by Alpha Bank SA jumped in Athens trading after the three political parties in the ruling coalition agreed on a framework for recapitalizing the country’s banks.
Alpha, Greece’s third-largest lender, advanced 11 percent to 1.47 euros at 2:43 p.m. in Athens. Piraeus Banks SA, the nation’s fourth-biggest, rose 13 percent to 56 cents. The Athex Exchange Banks Index of the country’s eight publicly traded Greek banks climbed 6.5 percent.