Greek bank shares crash 30% as market reopens

August 3, 2015 12:44 PM

37 0

Greek bank shares crash 30% as market reopens

Shares in Greek banks crashed 30% Monday as trading resumed on the Athens stock exchange for the first time since the country was nearly forced to abandon the euro last month.

The benchmark index in Athens opened nearly 23% lower, with banking stocks the biggest losers. The country's four biggest lenders -- Piraeus (BPIRF), Alpha Bank (ALBKF), the National Bank of Greece (NBG) and Eurobank all plunged 30% -- the daily limit -- immediately after the open.

Also read: Germany says prepared for any financial fallout from Italy vote

Read more

To category page

Loading...