Sunday, August 2, 2015

Greek banks to be subjected to stress tests amid fears over capital levels - from TRUNEWS

Attention will be focused on Greece’s embattled banks on Monday when the Athens stock exchange reopens after an absence of nearly a month because of the country’s debt crisis.

The banks are in a vulnerable position owing to outflows of billions of euros (dollars) from deposits over the past six months.

Some €40bn (£28bn) has been withdrawn from Greek banks since December according to the bank association.

And according to weekend reports, the top four lenders – National Bank, Piraeus Bank, Alpha Bank and Eurobank – will undergo an asset quality review later this month.

Stress tests will follow in the autumn to determine the recapitalisation requirements of each bank with European rescue funds.

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