A banking source said that an attempt to privatize TT Hellenic Postbank S.A. failed due to lack of interest in bidding. The source added that the bank would probably have to be broken up. The source told AFP, "Barring a last-minute development, (Hellenic Postbank) will have to be broken up to attract interest." The Bank of Greece is expected to make an official announcement later in January 11, 2013.

Last week, National Bank of Greece SA, Alpha Bank A.E., Eurobank Ergasias S.A. and Attica Bank S.A. had expressed varying degrees of interest in the privatization of Hellenic Postbank.