Where Greek banks stand ahead of capital needs disclosure

Economy Tags: Banking
Photo by Harry van Versendaal
Photo by Harry van Versendaal

Senior officials from the Bank of Greece (BoG) met on Thursday with the top management of the four Greek systemic banks (Alpha, Eurobank, National and Piraeus) and informed them about the outcome of the Blackrock loan diagnostic and their individual capital needs.

Reports indicate that the total bill is now seen at 5 billion euros, a figure broadly similar to the one that has been doing the rounds in the last few months. Same reports point to higher capital shortfalls for Eurobank and National and minimal or even...

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