ECB to publish results of Greek banks' test in May

By Kitco News / January 31, 2018 / www.kitco.com / Article Link

FRANKFURT, Jan 31 (Reuters) - The European Central Bank will publish the results of a stress test of Greece's four largest banks in May to allow time for any capital shortfall to be filled before Greece leaves its bailout programme in August.

"In order to complete the test before the end of the third European Stability Mechanism stability support programme for Greece, the timetable will be accelerated and the results are expected to be published in May," the ECB said.

The announcement confirms a Reuters report published in November. Test results for the remaining 33 lenders from other euro zone countries will be published on Nov. 2.


(Reporting By Francesco Canepa; Editing by Catherine Evans)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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