Wednesday March 4, 2015 Search
Weather | Athens
20o C
11o 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)  
Spain´s De Guindos says next steps for Greece point to third rescue
Greece successfully rolls over 6-month T-bills but yield rises
ECB glimpse of Cyprus debt shows limits of bank cleanup
More Germans booking holidays in Greece, tourism chief says
Varoufakis briefing sacked cleaners
Finance Minister Yanis Varoufakis was on Wednesday meeting with representatives of the ministry's sacked cleaners to brief them on government efforts to rehire them. The Supreme Court last w...
For Greece, a lesson from Ireland, Kenny says
Greece should follow in the steps of Ireland's “constructive engagement” with Europe in dealing with its lingering debt crisis, the country's Prime Minister Enda Kenny has said. “For Greece,...
Inside News
SOCCER
Marinakis fines Olympiakos players
Olympiakos president Evangelos Marinakis on Monday fined the team 500,000 euros for disappointing performances and called on them to make a «sacrifice» to win trophies or leave. "Olympiakos ...
SOCCER
Olympiakos´s Karembeu confident UEFA on top of racism
Olympiakos strategic advisor Christian Karembeu expressed his confidence on Tuesday that UEFA are getting to grips with racism in soccer after suffering abuse during the recent Greek derby a...
Inside Sports
FOCUS
Greek officials have ruffled feathers in Brussels for not having good diplomatic manners
Strapped for cash and under pressure to deliver on reforms, Greece's new radical government has ruffled feathers in Brussels by not respecting the diplomatic niceties of the negotiating tabl...
COMMENTARY
Up the creek without a paddle
One of the issues that dominated the country’s pre-election debate was whether SYRIZA, which eventually won the vote, had worked out a plan B. It was clear from the start that its much-hyped...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Varoufakis briefing sacked cleaners
2. Spain´s De Guindos says next steps for Greece point to third rescue
3. Greece successfully rolls over 6-month T-bills but yield rises
4. For Greece, a lesson from Ireland, Kenny says
5. ECB glimpse of Cyprus debt shows limits of bank cleanup
6. Election outcome does not cancel Greek commitments, Juncker says
more news
Today
This Week
1. Up the creek without a paddle
2. Panousis says no official decision on undocumented migrants
3. Greek officials have ruffled feathers in Brussels for not having good diplomatic manners
4. More Germans booking holidays in Greece, tourism chief says
5. Election outcome does not cancel Greek commitments, Juncker says
6. ECB glimpse of Cyprus debt shows limits of bank cleanup
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. A fierce battle looms
3. SYRIZA feeling the pain
4. The Greek tax drama
5. The unlikely winners of Greece's surrender on euro
6. Tsipras reversal draws Greek sympathy as party rumblings rise
Advertiser Link
“AMF” PROJECT FINAL CONFERENCE-REGIONAL UNIT OF THESPROTIA
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.