Friday September 19, 2014 Search
Weather | Athens
27o C
19o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurozone banks in good shape before stress test, insists Regling

The head of the euro zone's bailout funds, Klaus Regling, said that he believes banks in Spain, Portugal, Cyprus, Greece and Ireland are in good shape and that there will not be any surprises in European Central Bank stress tests due later in 2014.

In an interview to appear in Monday's Sueddeutsche Zeitung newspaper, the head of the European Stability Mechanism (ESM) said the five countries were benefiting from rising exports and economic growth was returning. He said it was important that the reforms continue.

"The banks in the program countries are in quite good shape, Regling is quoted as saying. I expect that there won't be any big surprises in Spain, Portugal and Cyprus. The same is the case for Greece and Ireland."

The ECB's asset quality review, an assessment of the balance sheets of more than 120 banks due to be completed next autumn, should bring transparency on the quality of banks' loans and other assets.

Bankers say that the latest checks on capital and stress tests of banks' resilience to shocks must be rigorous, pointing to the 2011 tests that found no weaknesses among Spanish and Irish banks, even though the countries subsequently asked for bailouts of their banking sectors.

European Monetary Affairs Commissioner Olli Rehn has said that banks are already preparing for the results of the stress tests by raising capital on the market, with about 80 billion euros (65.32 billion pounds) raised to strengthen banks over the past couple of years.

[Reuters]

ekathimerini.com , Monday February 17, 2014 (09:22)  
OPAP, Intralot bid for Greek horse race betting licence
Hardouvelis signals Greece may skip IMF loans to exit aid curbs
NBG-owned Finansbank looks into possible secondary public offering
ECB eyes banks capital quality as target for supervisory power
Minister calls on Tsipras to clarify position on public sector checks
Administrative Reform Minister Kyriakos Mitsotakis called on SYRIZA leader Alexis Tsipras to publicly state his position on the governments efforts to review public sector contracts and roo...
SYRIZA demands ND reaction to new claims of Baltakos contact with Golden Dawn
SYRIZA has called on New Democracy to respond to a newspaper report that claimed the former cabinet secretary Panayiotis Baltakos advised Golden Dawn MPs on how they should vote. Leftist MP ...
Inside News
SOCCER
Triumph for PAOK, historic result for Asteras in Europa League
Greek teams produced a patchy record on the opening night of the Europa League group stage on Thursday, as PAOK thrashed Dynamo Minsk, Asteras Tripolis snatched a draw at Besiktas and Panath...
SOCCER
Financial crisis forces Greek second division postponement
Greece's second soccer division Football League announced on Wednesday the postponement of the start of the season due to financial difficulties being faced by most clubs. "The board of dire...
Inside Sports
COMMENTARY
High stakes after the Scottish vote
We will soon know whether the Scots voted for their countrys independence or whether they will remain citizens of the United Kingdom of Great Britain and Northern Ireland. What was alread...
EDITORIAL
Breathing room
Even Greeces biggest critics find it hard to deny that the debt-hit country has achieved an unprecedented fiscal turnaround within a very short period of time. Sure, progress in promoting t...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Minister calls on Tsipras to clarify position on public sector checks
2. SYRIZA demands ND reaction to new claims of Baltakos contact with Golden Dawn
3. Claims that high profile personalities escape punishment to be probed
4. OPAP, Intralot bid for Greek horse race betting licence
5. Hardouvelis signals Greece may skip IMF loans to exit aid curbs
6. NBG-owned Finansbank looks into possible secondary public offering
more news
Today
This Week
1. EIB signs deals with Greece for 815-mln investment in infrastructure projects
2. Dozens of arrests at march to mark anniversary of Fyssas murder
3. Samaras heads to Azerbaijan for two-day visit
4. Syntagma metro station to close for Fyssas tribute concert
5. ECB eyes banks capital quality as target for supervisory power
6. Homeless man falls to death from shelter in central Athens
Today
This Week
1. Greece on standby
2. Greece at bottom of social justice scale among EU28
3. Central Athens traffic restrictions back in force on Monday
4. Lost in the fog
5. Democracy under Pressure | Live Streaming
6. SYRIZA spokesman suggests gov't sought to stop NERIT airing Tsipras speech live
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.