Greek banks' potential capital shortfalls set to be reduced by more than 2.5 bln

Economy Tags: Banking
Photo by MacroPolis
Photo by MacroPolis

Greek media reported on Tuesday that the Ministry of Finance (MoF) will soon table in Parliament a draft bill which will allow the conversion of Greek banks’ Deferred Tax Asset (DTA) into tax credit.

The new legal framework has to be approved by the European Banking Authority (EBA) by September 30 in order for the resulting capital benefits to banks to be incorporated in the ECB-EBA stress tests.

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