Greek banks' stress test results will be better than expected: source
[ATHENS] The results of the European Central Bank's health check on Greece's four big banks, which will be released on Saturday, will be better than expected, a Bank of Greece official said Tuesday. "They (capital shortfalls) will be below the limits of what was expected," the official said, declining to be named.
The ECB conducted an asset quality review and a stress test on National Bank, Piraeus, Eurobank and Alpha Bank under baseline and adverse scenarios on the future course of the economy and projected credit losses.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Great Eastern chairman appeals for patience as shareholders fume over share price ‘disaster’
S&P Global first-quarter profit beats estimates on strong product demand
Thai banks cut rate for some borrowers after push from PM
Money laundering accused who faces 22 charges to plead guilty on May 14
BNP Paribas beats estimates as lower costs offset trading slump
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover