Fitch maintains Greek 'BB' rating with stable outlook amid some lack of visibility
Economic sentiment stable in June, but consumer confidence drops
BoG sees growth of 4.2 pct this year but warns of multiple challenges ahead
Unemployment edges down to 16.3 pct in March as inactives approach 3.5 mln
Greece raises another 2.5 bln with reopening of sought-after 10-yr bond
IMF raises outlook on Greek debt sustainability to merely 'uncertain'
ECB tests find negligible capital shortfalls at Greek banks
The European Central Bank (ECB) published on Sunday the much anticipated results of its comprehensive assessment on the financial health of 130 banks in the euro area, with just one Greek lender (Eurobank) appearing to have a capital shortfall and even in that case it being less than 18 million euros.
The test comprises of two main pillars for the identification of bank’s capital shortfalls. The first is an Asset Quality Review (AQR), with a capital benchmark of Common Equity Tier 1 (CET1) of 8 percent, mainly involving banks’ asset and collateral va...
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