Swift response to Greek stress test

ATHENS – Greek banks reacted rapidly to the publication of a stress test conducted by BlackRock Solutions, Rothschild and EY for the Bank of Greece. The baseline scenario for the stress test, calculated using capital levels as at June 30, 2013, indicated capital needs of €262m for Alpha Bank, €425m for Piraeus, €2.18bn for National Bank of Greece (NBG) and €2.95bn for Eurobank. The last of these is already under full state control, with a capital injection of €2bn planned.