The capital needs of banks can reach EUR 14 bn

The capital needs of banks can reach EUR 14 bn

Athens, October 30, 2015/Independent Balkan News Agency

By Spiros Sideris

The stress tests of Greek banks are expected to reveal a capital deficit of EUR 14 bn, according to Reuters, which cites banking sources.

The main scenario of the stress tests provides that the Greek systemic banks will require funds in the region of EUR 4.5 bn, but under the adverse scenario, capital needs may reach EUR 14 bn.

The results of the stress tests of the European Central Bank will be published Saturday.

The government made it clear throuth the Deputy PM Yannis Dragasakis, that there are “all the conditions to successfully complete the process of recapitalisation of banks”.