Greek Lenders National Bank (National Bank) and Eurobank face nationalisation following the announcement that the planned merger of the two banks has been halted.
National Bank bought 84.3% of Eurobank in February 2013 with a view to absorb the bank.
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Shares of both banks fell as the banks face nationalisation.
The central bank in Greece has been told that the two banks are unlikely to sell enough shares, 10% of their share offerings, to meet their capital needs.
The two bank’s boards will meet separately on Tuesday to discuss their recapitalisation.
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