News Headline Summary

ekathimerini writes: Banks to need more money for their recapitalization

The country’s main banks are considering requesting additional funds for their recapitalization.

Senior bank officials say that the rapid deterioration in financial conditions caused by the back-to-back elections in mid-2012 has led to a greater increase in nonperforming loans than originally foreseen in the BlackRock report a year ago. They add that banks should proceed to greater share capital increases in order to respond to the new reality.

Full article:

Print 02:13, 08 Jan 2013 - Asian News - Source: Newswires