So reports Kathimerini
Kathimerini understands that the results of the probe into the quality of the corporate loan portfolio are worse than the banks had expected, while there seems to be a similar picture emerging in loans to households: Kathimerini has been told that the European Central Bank is assessing the collateral of the mortgage loans using prices that are 30 percent lower than what the banks had proposed. Therefore, the portfolio assessment will likely generate a capital deficit of more than 10 billion euros.
On top of that will be the needs stemming from the stress tests - i.e. the analysis of the consequences that general financial conditions may have on loan portfolios and the overall capital base of the banks in the next three years. Analysts estimate that the final amount of the capital requirements could come to 20 billion euros.
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