BUSINESS

ECB: Greek stress test results expected in May

TAGS: Banking

The European Central Bank will publish the stress test results for Greece’s four largest banks in May to allow time for any capital shortfall to be filled before Greece leaves its bailout program in August.

“In order to complete the test before the end of the third European Stability Mechanism stability support program for Greece, the timetable will be accelerated and the results are expected to be published in May,” the ECB said.

The announcement confirms a Reuters report published in November.

Test results for the remaining 33 lenders from other eurozone countries will be published on November 2.

[Reuters]

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