ECB identifies €14.4bn capital shortfall at Greek banks

GMT 10:00 2015 Saturday ,31 October

Arab Today, arab today ECB identifies €14.4bn capital shortfall at Greek banks

European Central Bank
Frankfurt - Arab Today

The European Central Bank on Saturday said four major Greek banks would have a capital shortfall of up to 14.4 billion euros ($15.8 billion) if the economy took a turn for the worse.

And the ECB said it had given the four banks concerned -- Alpha Bank, Eurobank, NBG and Piraeus Bank -- until November 6 to submit plans explaining how they intend to make up that shortfall.

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