ECONOMY

Bankers to get an idea of stress test progress

bankers-to-get-an-idea-of-stress-test-progress

Senior managers of the country’s four systemic banks are in Frankfurt on Thursday for crucial meetings with officials of the European Central Bank’s Single Supervisory Mechanism (SSM).

The meetings will take place separately for each bank and will focus on the progress of the ongoing stress tests and the general and special methodological approaches.

The SSM officials will not present Greek managers with any figures from the asset quality reviews or the stress tests. However, the description of the technical parameters of the tests will allow the banks to obtain a good picture as to their results.

The ECB will announce the final amount of the Greek lenders’ capital requirements by the end of October.