Stock Exchange Athens

Our banks, shackled by non-performing loans (NPLs), meager available capital, extremely low revenues, and an anaemic economy, could not but be the object of pressures from the impatient markets.

'All banks have exceeded targets as regards the resolution of Non-Performing Loans (NPLs) and have passed the stress tests,' Tsakalotos stressed, noting that all four systemic banks have capital adequacy and that there has been a rise in deposits..

Anxiety over the Italian “typhoon”, as well as domestic scenarios of a new bank recapitalisation, triggered the massive sell-off.