Bank of Greece probe finds major discrepancies in Attica Bank

Bank of Greece findings from its probe of Attica Bank include at least 30 serious discrepancies, Kathimerini understands. The central bank report, which has been submitted to Parliament, identifies significant shortfalls in the lenders' administrative and business operation, in risk management, in the operation of its information technology systems and in its recapitalization.

Sources say that an amount of some 85 million euros of the 681-million-euro share capital increase is under scrutiny by the European Commission and could be rejected as a state subsidy since it concerns the participation of state-controlled corporations. These are Athens International Airport (9.9 million euros), the EYDAP water company (20 million) and the TAPILTAT bank employee fund (55 million). Employees, pensioners and unionists at the fund claim that its participation in the Attica increase only...