Greece’s international lenders have accepted a lower capital ratio target of 8 percent used to stress-test the country’s four big banks under a baseline scenario, a banker close to the negotiations told Reuters on Thursday.
Athens had pushed for the required capital adequacy ratio, known as Core Tier 1, to be reduced to 8 from 9 percent in the baseline scenario, as is the case with European banks. A lower reference rate in the stress test would result in lower capital needs for the banks.
REUTERS
Greece’s international lenders have accepted a lower capital ratio target of 8 percent used to stress-test the country’s four big banks under a baseline scenario, a banker close to the negotiations told Reuters on Thursday.
Athens had pushed for the required capital adequacy ratio, known as Core Tier 1, to be reduced to 8 from 9 percent in the baseline scenario, as is the case with European banks. A lower reference rate in the stress test would result in lower capital needs for the banks.
