The Bank of Greece will publish the results of the stress tests it has carried out, despite its disagreement with the International Monetary Foundation over the sum needed to cover the capital needs of the domestic banking sector.
Even though the final bill is estimated to be about 6 billion euros, it has not yet been determined when these funds will be replenished. It has been suggested that the Bank of Greece and the ECB have agreed to complete all capital increases by 2015, in order to align Greek and European time tables.
All the banks that participated in the stress tests must prepare plans to support their capital adequacy ratios over the next 30 days, as set by the Bank of Greece.
With the new banking union being created in the Eurozone, the implementation of these plans must be complete by the 30th of November, when the ECB will have completed its own stress tests before assuming supervision of the four Greek systemic banking groups.
