NBG Says Most Greek Banks can Pass Stress Tests

“Most Greek banks, except ATEbank, are in good shape to pass the stress tests,” Vassilis Rapanos, who is also chairman of the Hellenic Bank Association, told Greek lawmakers. “Most Greek banks have proceeded with capital increases.”
ATEbank was the only Greek lender to fail EU-wide bank stress tests last year. It announced on Tuesday the terms of a 1.26 billion euro rights issue aimed at boosting its capital.
European banks have to pass a second round of stress tests this year to show they have adequate capital to weather shock conditions.