Greek systemic banks have reportedly forecast additional capital needs of roughly 9.5 billion euros for the coming year after the stricter International Financial Reporting Standard 9 (IFRS) is implemented, and in the wake of ECB-mandated “stress tests” in the first trimester, Greek newspaper Naftemporiki reports:
However, in a bid to allay concerns that a fourth recapitalization will be needed in less than 10 years, Greek banks are expected to cover “openings” emanating from non-performing or troubled portfolios by current liquidity “cushions” and new capital plans.
Banking experts calculate that the total needs for all four Greek systemic lenders, thrice recapitalized since 2010, will reach 400 million euros in order to cover the specific TAR assessments.
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Source: naftemporiki.gr
