Clearer picture emerging ahead of stress tests, banks appear confident

EconomyBanking
Photo by MacroPolis
Photo by MacroPolis

As Greece’s banks gear up for the stress tests at the start of next year, a clearer picture is emerging as the Troubled Assets Review (TAR) is underway and banks are firming up their assessments about the implementation of the new provisioning standards in IFRS 9.

According to sources, Greek bankers estimate that by the time the stress tests, which were brought forward to satisfy the International Monetary Fund’s request to have a full picture of the Greek lenders capital needs before the end of the programme, is...

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