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Troika Accepts Lower Capital Ratio In Greek Bank Stress Test: Source

Source: thewillnigeria.com

Greece's international lenders have accepted a lower capital ratio target of 8 percent used to stress-test the country's four big banks under a baseline scenario, a banker close to the negotiations told Reuters on Thursday.

Athens had pushed for the required capital adequacy ratio, known as Core Tier 1, to be reduced to 8 from 9 percent in the baseline scenario, as is the case with European banks.

A lower reference rate in the stress test would result in lower capital needs for the banks.

REUTERS Greece's international lenders have accepted a lower capital ratio target of 8 percent used to stress-test the country's four big banks under a baseline scenario, a banker close to the negotiations told Reuters on Thursday.

Athens had pushed for the required capital adequacy ratio, known as Core Tier 1, to be reduced to 8 from 9 percent in the baseline scenario, as is the case with European banks.

A lower reference rate in the stress test would result in lower capital needs for the banks.