Eurobank, Greece's third-largest bank by assets, announced it had hired five investment banks to arrange a possible bond sale.

Alpha Bank, Greece's fourth-biggest lender by assets, has agreed to acquire Citibank's retail banking operations in Greece at a price of 2 million euros.

The Supreme Court reversed its decision and ruled that the staff is not to be rehired until their case against the regional court's decision is tried in late September.

“The summer of 2012 was a particularly difficult period”, Giorgos Provopoulos said and added that he is ready to take a long vacation now after all that anxiety.