JP Morgan has strengthened its Greek business by winning the mandate to privatise the country's Post Savings Bank, a year after hiring Harry Adamopoulos to run its investment banking business there.

Nikos Christodoulakis, the Greek Finance Minister, was reported to have said that between 35% and 40% of Post Savings Bank will be sold in an international tender. Post Savings Bank is eventually expected to list on the Athens stock exchange.