Tuesday June 30, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greek banks' stress test expected to show 5 bln euro capital need

Greece's four big banks are expected to need a total of about 5 billion euros ($6.9 billion) in extra capital, based on a second stress test by the central bank, two senior banking sources told Reuters on Friday.

The estimate, based on figures given by the Bank of Greece to each of the four banks, is subject to approval by the country's "troika" of international lenders overseeing its bailout.

The central bank conducted a second health check on the country's top four banks - National Bank, Alpha Bank, Piraeus Bank and Eurobank - to assess whether last summer's 28 billion euro recapitalization has left them capable of absorbing future shocks as bad loans keep rising.

"Each bank was told of its own capital need based on the stress test but subject to final confirmation and approval by the troika," one banker told Reuters, declining to be named.

"The estimate for the total capital need is about 5 billion euros," the banker said, without disclosing what individual banks would require.

Protracted talks with the troika of European Union, International Monetary Fund and European Central Bank inspectors have delayed the outcome of the tests, which were expected early last month.

The Bank of Greece held off releasing the results as the troika had not cleared whether the capital needs will be based on a baseline or adverse scenario that assumes two more years of recession, or whether the required capital ratio can be reduced to 8 from 9 percent.

Bank of Greece officials declined to comment, saying only the stress test results would be released soon. [Reuters]

ekathimerini.com , Friday February 21, 2014 (11:16)  
Greece may find it is easier to close banks than re-open them
Greeks check goods online, buy at stores
Closure of countrys banks leads commerce to grind to a halt
Public coffers run dry as taxes go unpaid
Juncker makes last-minute offer to Greece but Tsipras unmoved
European Commission President Jean-Claude Juncker made a last-minute offer to Athens in a bid to reach a bailout agreement before the deadline expires on Tuesday, European Union and Greek go...
Tsipras says no vote will help talks but yes will prompt political developments
Prime Minister Alexis Tsipras indicated on Monday that Greece was still open to an agreement with creditors, even at the 11th hour, made it all but clear that a payment due on Tuesday to t...
Inside News
SOCCER
English keeper Steele stays with Panathinaikos
English goalkeeper Luke Steele has extended his contract with Panathinaikos until the summer of 2018, the Greek Super League club announced on Monday. Former England youth international Stee...
VOLLEYBALL
Great wall of China insurmountable for Greece
The Greek mens national volleyball came mighty close to snatching a spot in the Final-Four of the World Leagues third division, but eventually succumbed to China in front of some 4,000 fan...
Inside Sports
Switching the rules for the referendum
The legislative decree that the government just issued changes in its favor the rules that apply for the carrying out referendums. It states that if it is not possible to put together one s...
COMMENTARY
Playing the last chips
Prime Minister Alexis Tsipras played his last chips and the country is already experiencing the results. If he has come to terms with the idea of Greece returning to the drachma then you can...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greece may find it is easier to close banks than re-open them
2. Juncker makes last-minute offer to Greece but Tsipras unmoved
3. Tsipras says no vote will help talks but yes will prompt political developments
4. Greeks check goods online, buy at stores
5. Closure of countrys banks leads commerce to grind to a halt
6. Public coffers run dry as taxes go unpaid
more news
Today
This Week
1. Juncker makes last-minute offer to Greece but Tsipras unmoved
2. Greece may find it is easier to close banks than re-open them
3. Greek government says no limit on bank withdrawals for foreign tourists
4. Poll shows chances of Greece euro exit balancing on knife's edge
5. Playing the last chips
6. Referendum asks Greeks simply to accept or reject creditors' plan
Today
This Week
1. Greek government says no limit on bank withdrawals for foreign tourists
2. Greek referendum offer is more con than democracy
3. Greek negotiators learned of referendum proposal from Twitter
4. Greeks want to stay in eurozone, two polls show
5. A decision with no preparation
6. Europe, a big phony
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.