A Bank of Greece official on Tuesday was quoted as saying that no new mergers of embattled Greek systemic banks is foreseen, speaking after a meeting between BoG Gov. Yannis Stournaras and caretaker FinMin Giorgos Houliarakis.
Additionally, it was announced that results of banks’ “stress tests” will again announced at the end of October, along with a promised new framework for non-performing loans.
The same unnamed official said the goal is for recapitalization of Greek banks by the end of December, at the latest.
The source said that the BoG would like to see private investors participate in the recapitalization.
Finally, capital controls appear to be staying put for the coming period, with the weekly maximum withdrawal of deposits remaining at 420 euros, the official said.
BoG source: No Greek bank mergers; recapitalization by end of Dec.
Same source says cap controls unchanged at 420 euros per week; stress test results in late Oct.
