ECB sees Greek banks' total capital needs at 14.4 bln, recap plans to come

Economy Tags: Banking, ECB
Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH
Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

The ECB’s Single Supervisory Mechanism (SSM) announced on Saturday the outcome of the comprehensive assessment of Greek banks, which consisted of an Asset Quality Review (AQR) and a stress test under a baseline and an adverse scenario.

NBG capital needs were the third highest at 1.58 billion and 4.6 billion under the baseline and the adverse scenarios.

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