BUSINESS

Greek central bank chief says will announce stress tests results next week

Greece will announce the results of stress tests for its major banks next week, after talks with the country's EU/IMF lenders and the ECB, Central Bank Governor George Provopoulos said on Thursday.

The country's four biggest banks are undergoing a second round of stress tests to check if last summer's 28 billion-euro recapitalization has left them capable of absorbing future shocks as bad loans keep rising.

Provopoulos said in a statement that the Bank of Greece has completed the tests adopting a “conservative approach” and that it would announce their results after discussing with lenders “technical details related to the stress test methodology and results.” [Reuters]

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