Bank of Greece abandons 9% core capital requirement

Greek flag

The Bank of Greece has abaondoned its plans to raise its core Tier I capital ratio for banks from 9%, sources at the central bank have revealed.

The core capital requirement was increased to 9% in February, with a deadline of September 30 for banks to meet the target. However, the central bank decided to temporarily reduce this to the previous level of 8%, with the intention of raising it once more when a new memorandum sets a deadline for recapitalisation of the banking system.

Costas Azariadis

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: