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Greek local press are reporting according to article below that Greek Banks Capital Needs from ECB Stress Tests will be €1.5bil max then given that banks use Cocos & Hybrids worths 100bps of RWAs...suggests that equity issuance from greek banks maybe zeroto €500 max...I heard mkt is pricing €8bil bank recaps need...maybe not a game changer in this market...but if true for greek banks, should be even better for other european banks...could be a +ve catalyst for European Banks...maybe not enough to invers trend but worth mentioning it
Bankers said the capital needs will not exceed the 1 to 1.5 billion. Euros in stress tests
(Upd) The Greek banks argue, informally, that they know the results of the stress tests and capital needs arise that 1 to 1.5 billion. Euros.
The banks will receive another update on Friday, October 22 and October 26, will be announced by the ECB.
If confirmed, the latest estimates of bankers for 1 to 1.5 billion. Capital needs (lower than 2-3 billion. Ultimate risk capital charge as we have mentioned bankingnews.gr) then the issue of capital banks will be manageable.
However be higher capital requirements would still manageable.
The 1 to 1.5 billion. Euros creates a softer image than the original estimates and confirm the previous administration's insistence Provopoulos implement stress tests with strict criteria.
However, a factor that must be evaluated is whether the ECB include state the ultimate developments in Greece, which showed how fragile the situation is.
Competent sources said, however, that "if you look at the behavior of bank shares will draw their own conclusions about which banks will not have a problem and what should have little problem in stress tests».
The Eurobank may realize a small capital increase.
Piraeus may not need a capital increase is marginal.
The Alpha bank also has good performance in stress tests
H National will need recapitalization.
However all information is presented, involving the risk of error because it is information - not estimates and final figures.