France will provide €2.59bn, while remaining capital share of €2.92bn or 53% of the total fund, will be injected by the Belgian government, under the terms of exchange for preference shares.
Following the recapitalization and exchange for preference shares, the bank will be left with only 6% shares publicly owned and available for trading, the bank said.
In 2008, the bank received the first bailout package of €6.4bn, and in 2011 the Belgian government once again rescued it by agreeing to buy its division in the country for €4bn ($5.4bn).
The lender also convinced both the governments to guarantee loans worth up to €90bn, due to its €3.4bn exposure to Greek debt.
France and Belgium will also reduce the existing loan guarantees to €85bn from €90bn, in which French share will be 46% of the total, from 36.5%, while Belgium will slash its share to 51% from 60.5% and Luxembourg remains at 3% level.
The aforesaid deals will come in force after the approval from The European Commission, the executive arm of the European Union.
