Greece's Lenders Accept Lower Capital Ratio for Bank Health Test

Greece's Lenders Accept Lower Capital Ratio for Bank Health Test

Greece's international lenders accepted a lower capital adequacy ratio than in previous stress tests, Reuters reported.

"The troika has agreed to a Core Tier 1 ratio of 8% in the baseline scenario," a banker, who declined to be named, told Reuters. Lenders had wanted the test to be based on a Core Tier 1 capital adequacy ratio of 9%, the same as that used in the first round of domestic health checks in 2012.

Greece's central bank will discuss the stress tests on National Bank, Alpha Bank, Piraeus Bank, Eurobank and smaller peer Attica Bank with the country's international lenders before releasing the results next week, Reuters said.

The tests were run to assess whether last summer's 28 billion euro recapitalisation left the banks capable of absorbing future shocks.

The four big banks are expected to need about 5 billion euros ($6.83 billion) in extra capital, banking sources told Reuters last week.

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