Greek banks push back merger

onal

onal Bank’s plan to absorb Eurobank to form Greece’s biggest banking group will be suspended until both are recapitalised, and a state bank support fund will decide if they should merge, a finance ministry official said yesterday. National acquired 84.3 per cent of Eurobank via a share swap in February with a view to absorbing it as part of consolidation in the banking industry to cope with fallout from Greece's debt crisis and deep recession.