Greek state to seek strategic alliance for Greek Postal Savings Bank reports
The Greek Minister of Finance, George Alogoskoufis, said that the state will seek a strategic alliance with a similar foreign European financial institution for Greek Postal Savings Bank (GPSB), according to several local press reports.
The reports noted that the state will not proceed with a new placement soon since its focus is on the banks transformation process.
The minister also reiterated that the government has no intention to sell GPSB to a local bank, the reports added.
The government sold a 20 pct stake in GPSB in July and now controls 44.4 pct.
