Moody’s changes outlook for Greek banks from negative to stable

EconomyBanking Tags: Banking, Ratings

In a report released on Tuesday, Moody’s upgraded Greek banks’ outlook to stable from negative on the back of improving profitability and funding, which are expected to normalise from a very weak base.

Greek bank’s capital ratios remain sound, with the Common Equity Tier 1 (CET1) ratio at around 17 percent, but half of it is in the form of deferred tax assets (DTAs), which is considered to be lower quality capital, according to Moody’s.

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