ECONOMY

Local lenders seen passing stress tests

Bank officials say they are optimistic about recent stress tests on lenders, whose results will be announced on Friday afternoon.

Finance Minister Evangelos Venizelos stressed on Thursday that ?the Greek banking system is fully covered and secured within the euro system. There is absolutely no problem.?

Analysts expressed reservations regarding ATEbank, but believe that if the recent share capital increase is taken into account then the state-owned bank should cover the test?s requirements.

The other major commercial banks, National, Eurobank, Alpha, Piraeus and Hellenic Postbank, should all clear the test without any problems, the industry believes.