ecb identifies €144bn capital shortfall at greek banks
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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ECB identifies €14.4bn capital shortfall at Greek banks

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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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