Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln

Economy Tags: Banking, Ratings
Photo by MacroPolis
Photo by MacroPolis

A report by Fitch ratings agency estimates the 25 billion earmarked in the Euro Summit statement of July 12 for Greek bank recapitalisation should be sufficient unless deferred tax assets (DTA) cease to be counted as core capital.

Under those assumptions, Fitch calculates Greek banks would face a capital shortfall of 11.2 billion euros.

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