The shares of Greek banking sector are under pressure on the Athens Stock Exchange on Tuesday, the first day the ASE opened after the shocking Cyprus bailout proposal. As of 12 o’clock noon, the banking shares were moving at -4.6%, while they were earlier trading at even -5.53%.
The General Index moves downwards, currently at -2.85%.
Shares trading of Bank of Cyprus and Cyprus Popular Bank were suspended on ASE on Tuesday.
Their branches in Greece remain closed and will open again once the banks in Cyprus will operate – most likely after the bailout voting in the Parliament.
There no reports of queues outside these two banks ATMs in Greece.
Greek Finance Ministry seeks to find buyers for the branches of the Cypriot banks in Greece.
The ASE losses are less intense than feared.
