Greek banks' equity raising could keep official support to a minimum

Economy Tags: Banking

Following the disclosure of Greek banks’ capital shortfall by the ECB’s Single Supervisory Mechanism (SSM) on October 31, Greek banks submitted their capital action plans to the SSM last week to cover the emerging capital needs.

The first tier includes Alpha and Eurobank, with capital needs at the low end, at 263 and 339 million in the baseline and 2.74 and 2.12 billion in the adverse scenarios, respectively. The second tier involves National (NBG) and Piraeus, with considerabl...

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