Bank of Greece to release stress tests results on Friday morning

It seems that there is still a disagreement between BoG and IMF (from the Troika), with BoG assessing the capital needs at €5.8 bn - €6.2 bn and the IMF at €8.5 bn - €9.0 bn.

ECB representative stated that the national banks, i.e. BoG, are responsible for the capital requirements of the banks in each country according to capital.gr

Yesterday Bank of Greece governor George Provopoulos and the troika completed a second round of talks over the additional capital needs of Greek banks on Tuesday, without reaching an agreement.

The two sides were not scheduled to meet again as the Greek central banker leaves on Wednesday for Frankfurt, ahead of α European Central Bank’s board meeting on Thursday.

The two sides insisted on different estimates over the capital needs of the country’s four systemic banks, with the Bank of Greece estimating these needs at around 6.0 billion euros, and the IMF insisting on higher estimates.