Bank of Greece decision bolsters Greek lenders’ capital ratios

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Bank of Greece decision bolsters Greek lenders’ capital ratios

EconomyMacroeconomy 13/01/2014 - 09:35 Tags: BoG

In an unexpected move, the Bank of Greece (BoG) repealed a previous cap on the deferred tax asset (DTA) recognition in Greek banks’ Core Tier 1 (CT1) calculation, resulting in a positive impact on their capital ratios effective in the fourth quarter of 2013.

The banks’ index jumped 2.4 percent on Friday in the aftermath news of the decision with Greek bank stock gains at 12.9 percent since the beginning of the year.

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