How Greek banks' capital needs could be reduced by 2.3 bln

Economy Tags: Banking
Photo by MacroPolis
Photo by MacroPolis

Citing Ministry of Finance (MoF) sources, local media are reporting that the government is preparing a draft bill which will provide the legal framework for the conversion of Greek banks’ Deferred Tax Asset (DTA) into tax credit.

According to the proposed amendment, Greek banks will have a capital benefit of around 2.3 billion euros, which would reduce accordingly their potential additional capital needs. Those requirements are to be identified by the upcoming EU-wide stress tes...

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