Stress tests will boost confidence in Greek banks, according to Black Rock

18:40 12/12/2013 - Πηγή: Matrix24

He noted that Bank of Greece has taken all necessary measures to restore the credibility of the Greek banking system, adding that “the results of the first test laid the foundations for the successful recapitalization of Greek banks, significantly boosting transparency.”

Provopoulos said that despite the greater than expected deterioration of the macroeconomic situation in the time span of the last stress test, bank losses were within the range that was forecast by BlackRock, which proves that these tests were efficient. He also stressed that the restructuring of the banking sector is a cornerstone in the effort of Greece to exit the crisis and become a modern and competitive economy.

Source: AMNA