Regulatory Alerts2013-07-26
Resolution Measures Committee Decision EME_12_1-26.7.2013 Order to transfer assets and liabilities of PROBANK S.A. to National Bank of Greece
The Resolution Measures Committee of the Bank of Greece ordered the immediate transfer of selected assets and liabilities of PROBANK S.A. to National Bank of Greece S.A. This resolution was implemented to safeguard financial stability and depositor confidence by ensuring business continuity after PROBANK was placed under special liquidation. The transfer includes customer deposits and contractual relationships while excluding specific items such as employment contracts, tax liabilities, and non-performing loans.
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