President of the Hellenic Bank Association and National Bank Governor Louka Katseli said that capital controls will probably be lifted from banks at the end of 2015 or early 2016. She stressed the importance of money returning to banks after the 118 billion euros taken out from 2008 through to 2015.

She expressed optimism that banks would tap the markets and cover “gaps” whereas the rest of the capitalisation process would come from the Financial Stability Mechanism. She said that one in two loans at the moment are “non-performing loans”.