Exclusive: EBRD to buy up to 250 million euros of Greek bank stakes - source

[November 12, 2015]  LONDON (Reuters) - The European Bank for Reconstruction and Development is to invest up to 250 million euros in equity stakes of Greece's big four banks, Alpha Bank, Eurobank, National Bank of Greece And Piraeus Bank, a person with knowledge of the plans told Reuters.

"The Bank (EBRD) is prepared to invest in all of Greece's four big lenders," the person said on Thursday, adding that it would be able to spend up to 80 million per bank although the 250 million total cap meant it wouldn't be able to spend that amount on all four.

This will be the EBRD's first investment in Greece after the bank decided to expand lending to the euro zone-crisis country early in the year.

(Reporting by Marc Jones)

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