The Bank of Greece says four of the country's core banks need a €27.5B capital boost, while the...

|By:, SA News Editor

The Bank of Greece says four of the country's core banks need a €27.5B capital boost, while the capital needs for all Greek commercial banks were estimated in May 2012 at €40.5B. The strategic assessment identified the four “core banks”, as the following: National Bank of Greece (NBG -0.2%), Eurobank (EGFEY.PK), Alpha Bank (ALBKY.PK), Piraeus Bank (BPIRY.PK), which are all eligible for recapitalization using program funds.