Greece’s NBG says not looking to sell units

Greece's largest lender National Bank said on Monday it was not looking to sell stakes in subsidiaries or raise its share capital, dismissing press reports.

"National Bank … is informing the investment public that it is not considering the prospect of a share capital increase, or the sale of a stake in its subsidiaries. Also, that it is not in talks with other Greek credit institutions on the prospect of a merger," the bank said in a statement.

On Sunday, newspaper To Vima had reported that NBG's management had considered the sale of a 30 percent stake in Turkish subsidiary Finansbank along with a 1.5 billion euro share capital boost, which would give it arsenal to make a move in the Greek banking scene.