National Bank of Greece ADR (fka NBGGY)

[gerard1]

Greek bank recap needs seen less than 20 billion euros - bankers
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10/20/2015 | 03:55am US/Eastern
Woman uses a Eurobank ATM in Athens
The recapitalisation bill for Greece's four main banks will be lower than 20 billion euros (£14.64 billion), two senior bankers with direct knowledge of the matter said on Tuesday.
National Bank of Greece (>> National Bank of Greece), Piraeus Bank (>> Piraeus Bank SA), Alpha Bank (>> Alpha Bank S.A.) and Eurobank (>> Eurobank Ergasias SA) are now undergoing stress tests by the European Central Bank to define capital needs, depleted by a mass deposit withdrawals earlier this year and a mountain of non-performing loans.

"The capital shortfall for the four systemic banks should be less than 20 billion euros," one of the senior bankers told Reuters, declining to be named.

The ECB declined to comment.

(Reporting By George Georgiopoulos and Lefteris Papadimas)

Stocks treated in this article : Piraeus Bank SA, Alpha Bank S.A., Eurobank Ergasias SA, National Bank of Greece