Court up­holds bank’s claim

Kathimerini English - - Front Page -

The Supreme Court yes­ter­day up­held an ap­peal by Na­tional Bank of Greece against an ear­lier court rul­ing that gave pri­or­ity to com­pen­sa­tion for the rel­a­tives of the vic­tims of 39 peo­ple killed when the Athens Ricomex fac­tory col­lapsed dur­ing an earth­quake in Septem­ber 1999. NBG ar­gued in its ap­peal that it, as a for­mer cred­i­tor to Ricomex, should also get com­pen­sa­tion for its losses. De­spite the fact that two prop­er­ties be­long­ing to Ricomex were auc­tioned off to raise the com­pen­sa­tion for the rel­a­tives, no dam­ages have been paid out to date.

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