Wednesday, April 6, 2011

Nat. Bank Chairman: Optimistic ahead of stress tests

National Bank Chairman Vassilis Rapanos said on Wednesday that Greek banks are now in better shape in terms of capital adequacy to deal with the new stress tests.

Mr. Rapanos told Capital.gr that his morning statements were not issued properly and that his exact position is the following: “All Greek banks , except ATEbank, passed the stress test last year. All banks are now in better shape in terms of capital adequacy to face the new stress test, including ATEbank, which announced a capital increase yesterday”.

Earlier on Wednesday, Reuters had reported that NBG chairman told Greek lawmakers that most Greek banks, except ATEbank, are in good shape to deal with the stress test that will take place soon.

ATEbank was the only Greek lender to fail EU-wide bank stress tests last year.



source: CAPITAL