New banks can hit the new crisis in Greece's banks

New banks can hit the new crisis in Greece's banks

European Central Bank (ECB) warns that the newly created economic crisis can affect Greece's banks. Europe's central bank also said Greece's banks could lose thousands of dollars in the new crisis. News AFP

Greece is planning to get out of 8,600 million euros from the subsidy program Four months before this possible exit, the ECB has verified the capabilities of four top banks in Greece. It has been found that the capital reserve of these banks can be reduced by about 9 percent. Calculating financial costs, which is approximately 1,505 billion euros ($ 1,850 million).

Alfa Bank, Euro Bank, The Greek National Bank and the Pyrauas Bank have been tested in the capacity. Basically, the failure of debt repayment or turnover reduction issues will affect how these banks will be affected. Banks will lose about half of all their cash reserves if there is a new crisis.
However, the ECB said the banks did not have any validity or failure to verify the requirement of capital again. Rather the 'general' assessment of the institutions has been assessed. In contrast to the total risk assets, the strength of the Tierwan core capital ratio of the bank has been verified.

The ECB's monitoring of these four banks in 120 banks of Greece has been kept since 2014. Creditors will decide on August 20 whether Greece's ongoing ongoing financial support program will continue. The report published in German media advised Greece to increase the expiration of the program.
In fact, since 2010, Greece has accepted 30 billion euros of international credit support in three phases. The country has to go through tough conclusions to get the help of financing.