Greece's largest lender National Bank has not decided yet whether it will take part in the government's 28 billion euro ($35.78 billion) rescue plan, its chief executive said in a newspaper interview published on Sunday.
"I applaud the bank and economy support plan," Takis Arapoglou, CEO and chairman of NBG group told in an interview with To Vima newspaper. "The group has strong capital adequacy and liquidity. We have time to decide if we make use of it."
Although little exposed to so-called toxic assets, Greek banks are affected by the tight credit conditions in money markets as interbank lending has virtually frozen. Under the Greek plan, which was submitted to parliament last week, the state can guarantee banks' debt issuance, may buy preferred shares to boost their capital and may also give banks state bonds against collateral to strengthen their liquidity.