New, stricter, stress test

Bank of Greece will reportedly put all local commercial banks to a new and stricter stress test this fall, in association with Greece’s international creditors. After five out of six Greek lenders passed the European Central Bank’s stress test last week, BoG is about to prepare a new one that will be tailor-made for each local bank, for instance taking into consideration the composition of its loan portfolio or its geographical exposure. The test is likely to take place at the end of September, sources suggest.