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Business / World Business

Greek banks face 14.4-bn-euro capital shortfall, says ECB

Published: 31 Oct 2015 - 01:10 pm | Last Updated: 09 Nov 2021 - 06:48 pm
Peninsula

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.

AFP